Elderly father received a 1099 INT from a bank he doesn’t have The 1099 is from Bank United which I’ve never heard of. His SS only goes to his Capital One checking account. submitted by /u/fireball251

I think my elderly mother is a money mule My 70 year old mother that I have had a strained relationship with for years is doing something illegal I believe. She has fallen prey to several romance scams and other financial scams over the years. She will absolutely not listen to anyone about this issue being a scam. She has lost thousands of dollars over the years. I know she has applied …

Elderly mother victim of scam Happened earlier today, and I’m teetering between anger, sadness, and utter shock. My elderly mother received an email from PayPal’s fraud department alerting her to suspicious activity on her PayPal account. She called the number from the email, and after a lengthy conversation with the “PayPal Fraud Rep” on the phone, the rep managed to convin…

How to help elderly mom retire(ish) Needing some advice for how to handle my mother(64). She has done absolutely no financial retirement planning and my grandmother has always bailed her out of troubles but she’s gone now. She has saved zero $$ for retirement. My grandmother left her some investment accounts that now total around $200k and a savings account that has $50k. The only…

Elderly FIL paying off mortgage My in laws recently downsized (Aug 24) taking out a mortgage of $100,000 with 6% interest. MIL then unexpectedly passed (Nov 24) leaving my FIL a significant life insurance policy, 500k. My FIL is not in good health and likely will need to move into assisted living in the next year. He wants to pay the house off in full. Any advice as to whether…

Trying to plan a trip to Italy with elderly parents My parents worked so hard to put me through school and practically never get to take a vacation, so I wanted to plan a trip to Italy with them to show them my appreciation. My parents are in their late 60s, and due to heart disease my father is not as mobile as he used to be, so I’m looking for ideas/activities that are senior-friendly. We’re mi…

Handling windfall elderly mother My father died suddenly a few months ago, he was in poor health so it wasn’t a complete shock. He had a term life insurance policy, which is going to pay out $1,000,000 to my mother. She does not have the money yet as we are still waiting for the death certificate to be finalized. Currently, she has next to nothing. They were hoarders, with a h…

Elderly Relative has Whole Life Insurance, he’s not sure what to do with it A family member who just turned 65 has been asking for advice about various things, and one of them is that he has a whole life insurance policy and isn’t sure what to do with it. It’s for 25,000 and he’s had it for roughly 40 years now. I think of whole life insurance as being terrible, both as an investment and as insurance. In his case, the i…

Found old stock certificates from elderly relative Going through an elderly relatives paperwork we found roughly 1000 shares of a company which is still successful today bought in the 70s. We were told the stocks were never sold. We see there were numerous splits and also a reverse split. The math I’m doing is let’s say there were four 1 for 2 splits. It would be 1×2, 2×2, 4×2, 8×2. Which woul…

How to protect house with elderly mother in charge Located in NY state. My mother is a 70 year old widow. A couple of years after my dad passed away she started dating some guys. Unfortunate to say my mom is too trusting and can be easily taken advantage of. If she wants to spend her money stupidly that is fine it is hers to do that but she has a paid off house and I am concerned one of her “bo…

How can I help my elderly parents with their home? My parents have been terrible with money their whole lives (credit card debt, foreclosure, constantly behind on bills, etc.). My dad worked a pretty entry-level job his entire life and was traditional and didn’t want my mom to work, and then they had 4 kids in a HCOL area in New Jersey. They bought a house in the early 80s that’s a 1 floor ranch…

ADVICE NEEDED: Selling home for elderly mom – Where to put proceeds? I’ll try to make this as concise as possible. My mom is 84, and can’t care for herself (had spinal surgery, may have had mini strokes, and needs assistance with all things – Standing, walking, bathing, etc). She is living at an assisted living facility, and it’s insanely expensive – about $9k/month. Far too much for me to afford, but that’s jus…

Helping Elderly Parents – Things to think about? Ways to cope? Me: Early 40s. Parents: Both 80+ now, separated and with separate finances. One needs monthly help supplementing their income for fixed costs. Neither reached this life stage with a solid plan or safety net and one is actually still working. So as I come into middle age myself I’m catching up from two decades of under-earning and am now adding…

Am I responsible for elderly mother’s debt? This is a bit of a read and I apologize in advance for it. I’m in Illinois. My mom moved in with us when she got cancer, living with us rent free for 6 years, but always had credit card bills from when she had her house (a reverse mortgage she took out in 2008– she owed more than it was worth–it needed a roof and other major work, so she let t…

Elderly parent has significant debt and no job My (26f) mom (70) “retired” a few years ago despite not being nearly financially secure enough to do so. Cut to today and she currently has 6k remaining in her 401k with no other savings, and is just over 100k in debt (43k remaining on mortgage, 23k car debt across two cars, 25k credit card debt, 10k in other loans). Monthly expenses including …

My elderly father (70) is headed for financial ruin My dad (70) recklessly decided to retire two years ago with $150k in his savings account, $150k in stocks, and $2k per month in social security. He has since spent 100k of that bank account. He still has a monthly mortgage of $1400 and still has 7 years of payments ahead of him. He will not listen to me when I tell him he has to examine his spen…

A Trip to Europe for Elderly My grandmother has been my travel buddy since I was a kid. She’s took took me on my most of my memorable “first” trips. She would like to go to Europe next year some time after June and I wondering what are some good places to look at. My biggest concern is she’s in her 70s and walking isn’t her thing anymore (back problems). She can walk for ab…

Grandma is running out of money. Are there any services to help elderly figure out what government assistance programs they qualify for? My 80 year old Grandma is apparently almost out of money. She gets ~2.2k a month from social security, has 6k left between all her savings and has to pay 8k a year in property taxes. I just found out she’s been skipping meals because she’s afraid the 6k is going to run out soon. I don’t live near her so it’s difficult for me to help. Are there a…

Ideas / Suggestions – Vacation Ideas for Elderly Parents Hello! Next year is a big year for my parents. Milestone birthdays plus a big wedding anniversary. I had such plans to treat them for an extraordinary vacation but then life got in the way and they needed an unplanned, critical home repair that they couldn’t cover. I stepped in and helped out but that has wiped out most of my travel fund that I …

Elderly and Imprisoned: ‘I Don’t Count It as Living, Only Existing.’ Decades of tough-on-crime sentencing and increasingly rigid release policies have left many to grow old in a system that was not designed to accommodate them.