It is always better to plan in advance for financial independence after retirement.In order to lead an dignified life after retirement, non dependence on the children is a must.Son or daughter,leave them alone to lead their life of their own and you stay away from them .That will to a very great extent help in maintaining not only a cordial relationship but also our own dignity as an individual.
sadasivam,
i think the issue here is that many parents today come close to bankruptcy educating their children plus spending on daughters' marriages. it is like burining the candles at both ends.
unless we come to rationalize the other expenses, moneys saved for retirement are going to be burnt soon.
re education, i think there is no choice. we do not want, atleast most of us, for our children to come out with bank debt at the start of their careers, if we can help it.
but marriage expenses. marriage expense, atleast in my family, started the day the girl was born. every penny saved, was spent in buying some nagai, or nattu. some pathrams. or something else, which could be given away at marriage time.
my own personal estimate is that 50% of the wedding expense has already taken place at marriage time. so even when i appeal for a 50 50 split of marriage expense, those moneys spent on jewellery, pathrams and all such, will never be recovered. it is all biased still against the girls' parents.
and then we have someone called sarvajith, who in another post, is upset at the tilt towards fairness. what can you do with such attitudes in place?
