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Lynne, What you spoke about I to went through with my parents. I am going on 51 and I had been taking care of my parents for most of my child rearing years. They have past away within the last 10 years. We are called the sandiwich generation. We are busy raising our own children and taking care of our eldery parents.
You mention our children taking care of us, this is another generation. I do hope they attribute to our needs providing that we are mentally ok. As far as they contributing finacially to us. That may not be possible for them with the cost of living so high like you mentioned and them getting by. This is why it is very important to start thinking about your old age and retirement to provide for ourselves. I listen to fianancial advsors and they always tell you that when you have children going to college do not take loans out for them as equity on your home. Have them take out seperate student loans, for they are young and can pay off the loans. You paying your home equity for student loans is foolish for you are putting a burden on your children for your elderly years. When there is no money for your retirement.
Janet sorry for stealing this thread... Just wanted to answer Lynne on those questions... I hope mom is feeling better.....
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