NO CASH LEFT FOR THE KIDS

Had to have a laugh as the paper's head line today was No cash for kids.

Stingy older Australians will not be leaving money behind for their children-instead they will be splashing their cash on themselves.!!
Sorry but isnt that what you work hard all your life for so you can enjoy yourself in your retirement - geez what breed are we breeding these days??

Research shows that "skiing" - spending the kids inheritances-is the new norm with only one in four older Australians leaving a wad of cash behind for their kids as top priority.
You would have to be a selfish child to actually expect money left to you personally I never received anything or expected anything, happy to get the brandy glasses Mum treasured so much.

The National SEniors Australia and Challenger report released tody surveyed more than 5,800 Australians aged 50 and over.

The results showed only 3% of respondents plan to preserve most of their savings for their children. Most believed they had already given their children enough help and needed to focus spending on themselves in retirement.

National Seniors' research director John McCallum said the rising cost of living pressure had made it tougher for older Australians to pass money down to younger generations.

"Retirees have spoken and it's clear that bequests are not the priority," he said.  If you're lucky you'll get some help but otherwise just get on with it." 

What I tell my clients is that if you think you have enough money to see you out to 80-90 depending on your health, sure give your kids a "loan" help them out when they just get married and are having their kids as that's when you actually need the help, not when your older and in your 60's you got your money (or should have).

Kids that wait around for their parents to pass on I have one word for you LEECH go and live on your own two feet.

Those seniors that I go around sometimes at night and see they have not turned their heater on so that they dont spend too much money as they want to pass some over to their kids when they die (who would be 55+) I say for goodness sake you only have one life be comfortable and you worked so hard so you have to have some reward at the end of it dont you? 

I said to my Mother spend what you have and leave me a bill to pay at the end I am happy with that.  SPEND your money enjoy your life as you are not coming back.  Give your money away now if you have a lot of it let the kids have a great time whilst you are still alive and if you think you wont see them then give it away to someone who genuinely cares about you and would come round no matter what.  For you horrible children that are doing reverse mortgages for your parents and using that money - look out the Government is onto you lot now so you will be investigated - NOT BEFORE TIME !!

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!!