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[quote=Anonymous]I have a co-worker, technically a subordinate whose boss is my direct report. Anyway, he has suffered the loss of his father, a very sick mother, and now a terminal cancer diagnosis for his wife within a calendar year. They have two small children. The story goes that they are being asked to leave his wife's family's house where they are currently staying. He asked for my help since his boss said I am a whiz with money and have always freely offered to assist anyone. Specifically, he asked for help purchasing a house. He acknowledged they have not been good with money, have no savings, and that they overspend frequently. I told him I would be happy to help, suggested a time to talk, and offered that buying a house might not be the best decision given his lack of down payment and very uncertain financial future. He replied that the times I suggested were not good, but that buying "a house of her own" was his wife's dream.

Assuming we do find a time to talk, I am not sure how to give advice. It occurs to me that I should say that I am a conservative financial planner and am not the right person to seek help from if buying a house is the goal. I could also walk him through his finances and see if there is a way to do it. I feel paralyzed. Any advice for me?[/quote]

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