I am faced with being in my fourties. Unemployed, so currently a stay at home mom. No retirement. Not much social security coming. As my health is declining and we are dealing with family issues, my husband is urging me to stay home. That was NOT our plan financially.
As I sit here and contemplate his mothers issues with little income, low social security, no retirement, no health insurance and a hubby who only makes 1000 a month. She is getting to the age she can no longer work (she babysits) and her hubby will not be able to retire as his health declines...I look at them and do not want that for myself. I do not want my kids to have to worry about if mom and dad can pay their bills. I know it is part of their responsibility, but I want to be proactive and do it myself.
What are your thoughts? Will you share your plans?
Asked by Anonymous at 8:13 AM on Dec. 14, 2009 in Money & Work
Answer by michiganmom116 at 10:16 AM on Dec. 14, 2009
Answer by Anonymous at 10:34 AM on Dec. 14, 2009
Answer by michiganmom116 at 10:54 AM on Dec. 14, 2009
Answer by rkoloms at 11:07 AM on Dec. 14, 2009
I know it is part of their responsibility
---------- My mom always thought that it's wasn't my responsibility to take care of her financially that's why she and my dad were savers as much as they could.
My husband and I have been doing some serious savings. It's not my kids responsibility to help us. If they want to then it's their business but they don't have to. Not unless we are no longer in our faculties health wise. As parents we should be responsible for ourselves in planning our lives.
I did help my parents as we were financially able to. I took care of their utilities to make sure they had the comforts of home. But mom was always humble and grateful in letting me do it.
Answer by Anonymous at 11:40 AM on Dec. 14, 2009
Answer by Christina2135 at 2:55 PM on Dec. 14, 2009
Answer by Anonymous at 3:30 PM on Dec. 14, 2009
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