NHdisneylover
DIS Veteran
- Joined
- Feb 26, 2007
I am calm---but it is what YOU chose to do as parents, not what "parents do" saying it is insults the large number of parents who do not/did not/can not make the same choice you did in this one area yet still provide perfectly well for their children.Calm down. Just explaining why. And there is a chance we may need the favor returned when we are older and grayer, dare I say, because THAT is what kids do for elderly parents.
Interesting on the elder care issue: we very consciously, and vocally (so our kids have always known) chose to fully fund retirement (max out 401K contributions etc) as a higher priority than college savings. Our reasoning is that if needed you CAN borrow for school, or delay starting it while you save, but you cannot borrow to retire or delay need care in old age.
We felt it was far less of a burden for our kids to have to choose a reasonably priced university (or, other--one is taking a different path) as young adults than to be possibly saddled with years of caring for us when we age.
I would NEVER leave my parents or in laws without help if they needed it; but I would also NEVER make future plans which include relying on my grown children for my financial care in old age---I see that as far costlier and more stressful than most student loans OR having to go to a school that is not the very best most perfect school ever in order to keep cost down.