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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My in-laws had no money to pay to move out of their place and into a new one when their landlord sold, so we gave them 5k. They ended up in that position because they could not pay their mortgage, so they sold and rented instead of buying. My warning would be that them moving out of their home now will mean either renting or buying a smaller place that might only be marginally cheaper due to interest rates. The rent scenario is the worst one of all. My in-laws had to move three times since, pay more and more each time...Total nightmare and I am dreading the day they ask for more money.[/quote]

I think this will continue to be a problem because people are living longer and retiring at in mid 50s and mid 60s.

Work or work PT if you don't have the funds to support you in retirement.  Why cant your in-laws work at a grocery store?  Get discounts on food too.

My grandfather who worked his entire life and died wealthy died basically until he died.  He went PT, but he saw how he and his wife had to support his dad and her mom because they lived into their 90s and didnt have any money left.  He refused to do that to his kids.  His wife, still alive into her 90s and still has money and no kid has to help her financially.  Unfortunately, my mom has turned caretaker which imo can be worse.

If they can tell them to work PT, also look into low-income senior housing.  Many places have it now since real estate is soaring.  [/quote]

My in-laws are relatively young (70 and 72). They both work, mil has always worked pt and fil still freelances. They are just terrible with money and have high expenses. Had they bought something small after they sold their house they would be in a much better position.[/quote]

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