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Reply to "If your financial plans include caring for aging parents..."
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[quote=Anonymous][quote=Anonymous]What is your plan? We are early 30's, DH's parents have an excellent pension and VA health care, but my parents have been hinting that they are not well-prepared for retirement. I haven't come out and asked, but I'm thinking we need to start making plans to help them. They are almost 60, so have some years left to work, but I don't think they are bringing in a whole lot right now. Their house is worth at least twice what they paid for it (18 years ago) but is not in sellable shape right now (and seems to be getting worse since they became empty nesters). What would you advise? TIA![/quote] Do they have a mortgage? Debt level? Car loans? Smart phones, cells, and retain full service land line phones? The hard thing about helping parents and adults is you really have no control. Do you plan to help pay for their house even if they [or one of them] can no longer live in it safely if at all? [/quote]
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