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Reply to "s/o How much do you know about your parents/ILs finances?"
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[quote=Anonymous]I know my parents are extremely financially prudent, so they have always saved, have good retirement accounts, insurance, estate planning is done, etc. They own their house and have no other debt. My Dad's side of the family tends to live a long time, so he planned for a long retirement. My in laws are doing ok. Mil never worked and FIl just retired and they did meet with a financial planner before taking the buyout so hopefully they're ok. They live somewhere very cheap at least. They complain/worry about finances a lot, but they pay all their bills, do a couple of weeks at the beach every year, and just bought 2 new cars-so I have a hard time feeling sorry for them. They also spend a small fortune on beer and soda. [/quote]
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