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Reply to "Helping my hopeless parents plan for retirement"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why did you give them the rents property?? That was a huge mistake. You should have kept it and then used thebincome to help support them!! Wtf. Sounds like you’ve made bad decisions too.[/quote] Well, we weren't really presented with a choice. My father was the executor and we were all in our early/mid 20s and living out of state and he told us we would get it when they die. Only years later,when the extent of their financial problems became known, did we understand that that was never going to happen... This was around the time all the problems first started coming to light and I bought my Suze Orman book. It was a property they used at the time and we weren't exactly going to take them to court over it. But my sisters and I have privately said that if they try to sell it to do something stupid, we will intervene. Again, we no longer expect to see a penny of that money ever again, which is fine, but we don't want to be footing their care bills either. We have all turned out to be fairly responsible adults, in part bc of how they are, but we are by no means rich and are focused on saving for our own kids college etc[/quote] Your reply ^^^ tells me all I need to know. And you know it too. I think you're really venting more than asking for advice - as it seems that your parents will not be changing their ways. Most people never do. I get why you're upset, and I kind of sense you feel a bit guilty even though you shouldn't. You need to focus on your own family. Love your parents as much as you can, but more than that - you have to tap out of the fight before it ruins your own family. [/quote]
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