I expect my elders to take responsibility for themselves. I will help, if and when there is a crisis, but my parents retirement is their responsibility. I have grown children myself who are approaching their forties. I will not be asking them to fund my retirement and I will work as long as I can to prepare for my "golden years" My children are good people and I know they will be helpful if, and when I go through a crisis. But my retirement is not their responsibility.
Totally divorced from reality. NONE of this is grounded in reality. When a parent is financially unprepared, the reasons for that are huge. And largely unable to be fixed once they are old. Doorknobs are never the issue, BTW. The number or elderly that can't turn a knob but are fine otherwise are ....zero! I am a therapist who is an Aging In Place Specialist through NAHB. Those stairs and that low potty are your big issues. But $$$$ will always be the nightmare. Poor parents are simply going to be your problem. Poor disabled parents are going to be a nightmare.
I paid my dues 30 years Retire early June 2021 Now 56 I help my parents BUT its not my job to financially take care of them Period! I planned well and not a burden to anyone Accountabilty and responsability!
I’m pretty good at investing an try to convince people as much as I can even my younger siblings 20-30 an they don’t care .. they don’t understand the power of investing young .. I looked at my moms financial stuff a she has no retiredment .. I fixed her credit score from 630 to 750 an first thing she did was get credit cards … some people just love the hard life …
What a minute, please stop putting all people over 60 in the same category. I am about to be 65 and I am caring for my elderly (85 + parents ). I still have a full time career and I am in better health than many people younger than me. “Silver squatters” ! How about , “Silver Saviors “ ! I know plenty of people my age who are not only helping out their parents but helping out their late Gen X and Millennial children financially, while also helping out with the grand kids. Please stop the Senior hate language. It’s insulting . I pray with God’s blessings that you will live long enough to see what I mean. I
To be fair, just being a squatter isn't a bad thing by definition. It just means you are staying somewhere you don't legally own. It has gotten a bad name because of people squatting illegally. But that doesn't mean all squatting is illegal.
@@Cathy-xi8cb And that flat out isn't true. This video proves it. She literally does just that. And not literally in the way younger people mean, but literally. It just happened.
We have a house here in US and Philippines that are fully paid, good retirement funds and dividend stocks. I experienced being a squatter when I was young till high school in the Philippines that won't happen again.
The only way it works is to have them rent a room. It’s a ton of paperwork. My MiL rents a room from my SiL. This means she is her own household and gets Medicaid and food stamps.
Long term care insurance is a rip off. My mom paid premiums for many years. When she needed in home care they claimed they had no providers in the area. She didn’t get one dime of help.
We have a house here in US and Philippines that are fully paid, good retirement funds and dividend stocks. I experienced being a squatter when I was young till high school in the Philippines that won't happen again.
USA we are living in extreme poverty. It is generalized. First time in hundreds of years publicly speaking that we should destigmatize the idea that multigenerational housing is the end of the world. Let me say this clear: it is the end of the world. If we start teaching children that they are responsible for their retirement they will grow with humble spending habits and that will regulate the market and the crazy price gouging cause as a society we will not let retailers to push down our throats those ridiculous prices. Let’s teach our children how important is moderation and the market will follow.
You should never be a burden to your children..If you don’t have the money you simply can’t afford to retire
Well said
The kids should not be treated as "retirement fund" and the parents are "not emergency funds" for grown children..
I expect my elders to take responsibility for themselves. I will help, if and when there is a crisis, but my parents retirement is their responsibility. I have grown children myself who are approaching their forties. I will not be asking them to fund my retirement and I will work as long as I can to prepare for my "golden years" My children are good people and I know they will be helpful if, and when I go through a crisis. But my retirement is not their responsibility.
Amen!
Totally divorced from reality. NONE of this is grounded in reality. When a parent is financially unprepared, the reasons for that are huge. And largely unable to be fixed once they are old. Doorknobs are never the issue, BTW. The number or elderly that can't turn a knob but are fine otherwise are ....zero! I am a therapist who is an Aging In Place Specialist through NAHB. Those stairs and that low potty are your big issues. But $$$$ will always be the nightmare. Poor parents are simply going to be your problem. Poor disabled parents are going to be a nightmare.
Could not agree with you more!!!!
As a therapist, you would know. Thank you for sharing from your personal experiences.
I paid my dues 30 years Retire early June 2021 Now 56 I help my parents BUT its not my job to financially take care of them Period! I planned well and not a burden to anyone Accountabilty and responsability!
Shouldn't be a burden on the kids. What if you don't have kids?
basically you will be your own burden so prep sooner than later
Plan ahead
I’m pretty good at investing an try to convince people as much as I can even my younger siblings 20-30 an they don’t care .. they don’t understand the power of investing young .. I looked at my moms financial stuff a she has no retiredment .. I fixed her credit score from 630 to 750 an first thing she did was get credit cards … some people just love the hard life …
What a minute, please stop putting all people over 60 in the same category. I am about to be 65 and I am caring for my elderly (85 + parents ). I still have a full time career and I am in better health than many people younger than me. “Silver squatters” ! How about , “Silver Saviors “ ! I know plenty of people my age who are not only helping out their parents but helping out their late Gen X and Millennial children financially, while also helping out with the grand kids. Please stop the Senior hate language. It’s insulting .
I pray with God’s blessings that you will live long enough to see what I mean.
I
Painting the entire floor of gripping for fears of falling down
I LOVE Al Rocker! Legend
If you want to destigmatize multi-generational living then don't call those who do it squatters.
!!!!!!!!!!!!!!!!!!
To be fair, just being a squatter isn't a bad thing by definition. It just means you are staying somewhere you don't legally own.
It has gotten a bad name because of people squatting illegally.
But that doesn't mean all squatting is illegal.
@@desiv1170 Nobody who uses this term doesn't use it in a derogatory way. Nobody,
@@Cathy-xi8cb And that flat out isn't true. This video proves it. She literally does just that. And not literally in the way younger people mean, but literally. It just happened.
@desiv1170 Don't fool yourself. It's as bad as driving someone else's car
We have a house here in US and Philippines that are fully paid, good retirement funds and dividend stocks. I experienced being a squatter when I was young till high school in the Philippines that won't happen again.
Multi-generational living may no longer qualify them for medicaid, food stamps, etc.
The only way it works is to have them rent a room. It’s a ton of paperwork. My MiL rents a room from my SiL. This means she is her own household and gets Medicaid and food stamps.
This puts a burden on the homeowner because they need to report the additional rent as income whoch may affect their returns
Pay yourself first
Always save save save and then invest invest invest.
Every time spent with all equation of thy mathematical equation s often with numerous factors
Long term care insurance is a rip off. My mom paid premiums for many years. When she needed in home care they claimed they had no providers in the area. She didn’t get one dime of help.
Ima 55 years old
Silver squatters. That hurts.
We have a house here in US and Philippines that are fully paid, good retirement funds and dividend stocks. I experienced being a squatter when I was young till high school in the Philippines that won't happen again.
USA we are living in extreme poverty. It is generalized. First time in hundreds of years publicly speaking that we should destigmatize the idea that multigenerational housing is the end of the world. Let me say this clear: it is the end of the world. If we start teaching children that they are responsible for their retirement they will grow with humble spending habits and that will regulate the market and the crazy price gouging cause as a society we will not let retailers to push down our throats those ridiculous prices. Let’s teach our children how important is moderation and the market will follow.
Planned for the entire day of thy entirely wisdoms and knowledge Okey people z
Parents may be struggling...... though if someone moves in..... someone's gonna die....pick your pain.
No such as a thing as a retirement loan.
Save AND Invest!!! Early early early!!!!
Millionaire's giving financial advice to the poor, thats like taking voting advice from celebrities...
You take your financial advice from poor people?
So poor people can help better?
This is out of reach, specially now.