To think it’s selfish for parents to retire early when their kids are renting?

I will help my children as much as I can; if I am well enough to work . To say we all had to save for a deposit is ridiculous. Our first deposit in 2000 was £3000. House was £59,000, 3 bed end terrace. Houses have gone up so much since then. It’s far from easy for 20-30 year olds now.

No I don’t, I was being sarcastic thinking the OP would think they were selfish.

Ah, I see - I didn't pick up on the sarcasm, sorry! 😄

No I don’t, I was being sarcastic thinking the OP would think they were selfish.

Why? Do you really think parents should sacrifice all their own wishes and wants literally until the day they die?

Let him retire and u can work for the extra years if it bothers u so much.

We don’t intend to leave money behind! Who wants to pay all that IHT? Nothing wrong with giving it early.

Im amazed people haven’t heard of Ski- ing. Spending the Kids Inheritance. If retired folk have a motorhome! Wow. That’s pushed the boat out. Mostly on fuel costs!

You’re absolutely right. I’ve helped my daughter in the past but she has now told me, she wants me to spend my money, be happy and make memories with her and not worry about leaving money behind. That’s what children should be thinking, I never begrudged a single penny my mum spent on herself! It seems to have become the norm now that children expect parents to live frugally and save their money for them!

I was being sarcastic. I thought the OP would think it was selfish.

@MrsSkylerWhite Thank you.

Passed a motor home on the motorway. Had a big sticker on the back which said " Living the dream - spending the kids' inheritance". Selfish people.
LOL!!
This is what my parents have done. I'm nearly 60 and my mum and dad are having a blast! Why not? One parent had decades of bad health and is finally cancer free for now. They are making most of their life.
Fair play.

I had twenty odd years of really struggling when I was bring up my children. At one point we had the bailiffs coming round). When I finally get my pension I am going to live it large!!! ( Thankfully I have managed to get finances back on track)

TizerorFizz · 05/06/2024 22:52
My DM has just died. I’m nearly 70. Waiting for parental inheritance was a long wait in my case. Plus it’s a small sum - went on care home fees. Give it while you “

Sorry for your loss 💐

KimberleyClark · Today 18:21
Passed a motor home on the motorway. Had a big sticker on the back which said " Living the dream - spending the kids' inheritance". Selfish people.”

Why is that selfish? - apart from the fact that it’s clearly a joke?

We’re 65 and 60, about to retire in the next year or two. We’re downsizing so will give them each a chunk of money. They have made it absolutely clear to us that they love us, they’re successful, professional people who can make their own way and would far, far rather we kept the bulk of our funds to ensure a comfortable retirement and to cover possible care needs. No way on earth would either of us expect them to care for us. That’s not why you have kids.

Do you not think that adult children expecting their parents to limit their lives so that they can inherit the maximum is the absolute epitome of selfishness?

Our kids do.

(of course we’ll squirrel away every penny for them that we possibly can but they certainly don’t expect us to. They want us safe, warm, comfortable and cared for)

@Gondoliere Your dc didn’t ask you to pay for education. They might have preferred a house deposit as it now seems you don’t have much money left and they don’t earn much.

Passed a motor home on the motorway. Had a big sticker on the back which said " Living the dream - spending the kids' inheritance". Selfish people.

I would be paying for university and had paid for a very good education. Why is now expected to give away deposits for houses as well? Like we all have to or are ugly cruel people. On top of that Gen Z wants to do away with state pension. I say no no no… time to take care of myself.

Me too! Sounds fabulous! Let us know when it's available 😂

I’m frankly surprised you haven’t’t suggested he works till 67 and gifts all the money he earns during this period as well. I means, it’s only reasonable, isn’t it? Maybe he should pay for holidays and furnishing as well?

An unreasonable from me. DD could always get a 2nd job, lots of people do, and that’s just to exist. Poor DH a hope he has a happy retirement full of all those things he wants to do.

Do you read all the stories on here about lame arse blokes who rely on their partners, exploit them financially and emotionally, literally blow thousands on coke and don’t pay maintenance?

in contrast, you have a DH who had made sound decisions to get to the point where he can safely retire early and somehow you think you have the right to overturn this decision! So out of order…

'It wasn’t the boomers that caused the financial crash, that turned the housing market upside down. As for house price rises - much of the enormous rise in house prices was due to younger people borrowing on both their salaries for larger mortgages, many boomer mums stayed at home with their children and their purchases were made on the basis of one salary. Why should that draw criticism?'

Have you just watched the video? I haven't listened to it at all recently but I very much doubt that is what he said because it's stupidly simplistic. Perhaps just your own interpretation?
Your interpretation of the causes of the enormous rise in house prices is also both stupid and simplistic. You need to read up a lot more if you genuinely believe this.

This is a full fact comparison: House price growth has outstripped income growth—but not by as much as you think

Who starts paid full time work at 14? How old are you? I think the school leaving age was raised to 16 in 1972. Most pension schemes don’t start until 18 but that might be different now.

I retired at 56, more than ready after 42 years of work. I then took on the care of a 1 year old and have never stopped since. Life is good, just different.

Who are you to tell him what to do?

It wasn’t the boomers that caused the financial crash, that turned the housing market upside down. As for house price rises - much of the enormous rise in house prices was due to younger people borrowing on both their salaries for larger mortgages, many boomer mums stayed at home with their children and their purchases were made on the basis of one salary. Why should that draw criticism?