Reply to MIL lost FIL money for retirement

Forum Index » Family Relationships

Reply to "MIL lost FIL money for retirement "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Backstory of my MIL:

She met my FIL when he made lots of money and decided to marry him. She stayed home once they got married and had kids a few years after. She has always stayed home. FIL few years later lost his job and had to seek a lower paying job which MIL didn’t like. She still spent the same amount charging credit cards like they were still wealthy.

Now to find out, she has over 500,000 in debt and FIL makes $50k/year. FIL pays the debt off by selling their expensive items and home so they can clear their debt. MIL got anxious about her debts and didn’t want to be in the know.

Today, FIL told her that they will only have 5k/ month in retirement. MIL wants my husband to make up more $ to pay for her lifestyle. My husband and I are on the same page and are shocked to hear about this.

What would you do? MIL still spends the same and never looks at her statements. She expects them to be paid off. Do we stay out of it or help FIL get a backbone?[/quote]

Because MiL asked you to pick up slack I would definitely call a family mtg. Sibs need to know that they are on their own as their parents cannot support them. From there, you also say no money from you as you need to save for retirement, college etc.

Then help them with a budget. That’s it. Is this a culture expectation?  Cannot imagine my m/ mil asking this of us. And two grown sibs expecting parents for money they don’t have. They need to know there is no money. Be kind but honest.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics