Well, on turning 71 I spent some time to reflect on times gone by.
I am living in a rented accommodation with wife. Our both children are away. Daughter is married and living separately with her children and her husband is posted to another town. Son with his wife & children is in Canada for the last over 2 1/2 years. So we two take care of each other. By God's grace I earn reasonable sufficient pension to look after ourselves at the fag end of life. People do wonder as to how come I did not make a house for ourselves. I did make one but sold it off to take care of more important needs of our children.Now we do not wish to intrude into their life. But I do feel that having own accommodation does make a lot of difference as you do not have to run around to find another house for rent once lease for current one is getting over. We could check into some decent Old Age Home but we can not at present as we have a 10 1/2 years old dog. She needs a lot of care & love. We do not wish to abandon her. Also I am not sure about standards of such Homes. I have lived a decent life, earned respect of people who I came in contact. Even today if I meet anyone from my organisation, I get a lot of attention and respect. Still I feel that own accommodation as well as some regular source of income is a must for old age as we should not have any expectations from our children.
So my advice at this age to you who are still young is that do take care of your children, give them the BEST but at the same time CATER for your old age also.