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How the kids can ruin retirement
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Member Posts: 69,453 ✭✭✭✭
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My parents were good to me, but I couldn?t wait to get out. I would have lived in my car and almost did.
One lady I know told me ?I raised my daughter and granddaughter, now I?m raising my great granddaughter..?
Sadly it was quite common. The crack years were devastating.
Now my daughter (40 yr old) needs help. I'm just glad they're taking turns!
I'm trying to keep a nest egg for them to inherit when I kick. Since I can afford to live and pay my bills with my Marine retirement and social security, I've been kicking around the idea of passing the nest egg now so that their lives can be a little easier now rather than after I pass. But I'm worried that they'll blow it and then there's nothing more to give...
You're certainly setting a good example for other parents to follow. You might want to pass on a small amount of the nest egg with the stipulation to invest it wisely, and take it from there, before continuing on with such an approach.