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View submission: How to be independent when I'm old?
Children aren't a retirement plan. My dad's wife just died and my grandmother is hinting to my brother that he and I should be responsible for helping take care of our dad (who had the women in his life do all the heavy lifting all his life). NO. We are busy with our own families.
We have a child, but our plan is this: Save lots for retirement so that we do not have to financially rely on our son. We contribute to pensions, Roth IRA, and deferred compensation (sort of like a 401k). It might be overkill, but I'd rather live simply now and pass along the excess to our son than to run out of money and be a burden. We stay active and eat well to take care of our bodies. And we plan to stay mentally fit, as well.
There's nothing here!