Reply to vent: irresponsible, bad parents now flailing

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[quote=Anonymous][quote=Anonymous]Yes, but don't throw good money after bad!  If they want help (as opposed to continuous, unlimited $$) offer to sit down with them and your financial planner (neutral 3rd party who can be realistic with them about what you can and can't do while maintaining your goals, in case they don't believe it coming from you) who can help you make a plan all of you can live with.

If they are unwilling:  say no!  Set boundaries with your family and their friends who are badgering you.  Don't accept the guilt.  Have a firm and friendly response that you repeat over and over:  thanks for your suggestion, I will take that u see advisement.  Then do what you need to do for your sanity.

Been their, done that.  My SIL thinks the $$ from us comes from a faucet she can turn on whenever she "needs" money she doesn't have.[/quote]

You would advise Op to sit down with her parents in front of a financial planner and lay down all of her assets/debts/payments....in order to assure her parents that she is doing everything she can reasonably afford to do to keep them in the lifestyle that they have grown accustomed to?

I'm sorry, but that is insane.[/quote]

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