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[quote=Anonymous]They blew a $2M inheritance?! I can't even imagine that NOT being enough money to live on for the rest of my life. Even if they had only invested 1/2 of it, they would have many more millions. I don't know OP. I don't have advice for you. I would feel incredibly resentful. But I would also set a reasonable budget and tell them that's what you can afford. There may need to be a neutral 3rd party involved. And yes, downsizing now into an apartment is a good idea. Even if their house is paid off, there are still taxes to be paid. What is their SS benefit amount? They need to live within that NOW.[/quote]
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