Would you give up on your own retirement plan to fund your child's education? Apparently, 90% of Singaporean parents would.
I belong to the 10% who will NOT, but before you slam me for being selfish or a bad parent, hear me out first.
If I fail to plan for my own retirement - which includes living expenses and healthcare costs - this burden will eventually fall onto my child. And that's not being fair to him.
Being in a situation today where my husband and I are limited by the choices we can make precisely because our parents did not plan and take care of their own retirement, I'm well familiar with the stress and emotional burden that comes when we're stuck between our parents and our future. It is not something I would wish upon my child.
You see, my parents (and my in-laws) didn't adequately plan ......