#mother

Just found out my mother is in debt

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Just found out my mother is in debt My senior (73) mother recently lost her husband. Unbeknownst to me, she racked up significant debt during the last 6 years while he was seriously ill. Medical debt, general credit card debt, etc. She also has not filed taxes for the last 8 years. She gets SS (about 1300/month) and has a small investment fund with about 20k in it, and some shares…

Reddit Personal Finance 1.0k 2025-02-15

Mother (30) & son (10) trip: NYC & Philly or just NYC for 7 days?

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Mother (30) & son (10) trip: NYC & Philly or just NYC for 7 days? I went to NYC in 2018 and loved it. Saw most of the major places on my list and am excited to show my 10-year-old in mid-June. We are both into pop culture, parks, beaches, museums, and tasty food. I’m sure we could spend the whole week in NYC and find plenty to do. However, I love history and have never been to Pennsylvania. I think it might …

Reddit Travel 1.1k 2025-02-15

Elderly mother victim of scam

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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…

Reddit Personal Finance 880 2025-02-14

A Good Mother, In Real Life

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A Good Mother, In Real Life I met my mother-in-law when I was a teenager.  I would not have met her, if my husband would have had his way. She came to town; Tucson, this is, to see her son and meet his girlfriend. But when she got there, we were having a fight. It was common occurrence with us, but Source

Elsa Elsa 648 2024-12-24

Trying to make a plan for my mother to pay her debt

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Trying to make a plan for my mother to pay her debt I was just informed by my mother that she is carrying about 29k in CC debt. She (late 60s) is on social security and is unable to work. After the necessities (meds/insurance/food) she’s left with about 500 bucks to put twords debt every month. She has 25k in savings and is willing to part with some of it. I’m trying to make a pay off plan for he…

Reddit Personal Finance 1.1k 2024-11-28

Question regarding inherited 401k for my mother.

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Question regarding inherited 401k for my mother. Greetings, Question is not for me but rather its for my mother. My father died in 2020, he has a 401k with a 2025 target fund valued over 100k. I am finally helping her with the transfer, my first question is which route would be best for her is she is currently 58, can I help her open an Inherited IRA with a place like Fidelity and transfer to …

Reddit Personal Finance 678 2024-10-27

Mother passed away, do I have to pay this back

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Mother passed away, do I have to pay this back Okay so we are about 2 weeks past the funeral, still handling some business about this like bills etc.. Today I found out that she had a personal loan that is now debt but she added me as a joint owner of it and I didn’t even know that. It’s from a local credit union that I also have my own banking with and credit card with, but I don’t use it l…

Reddit Personal Finance 766 2024-10-24

Advice on stipend for mother

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Advice on stipend for mother My wife (36) and I (39) intend to start sending my mother (67) a monthly stipend within the next year (roughly 2k/month to start). Most of the advice I can find on Reddit amounts to interpersonal/relationship advice. While that’s helpful, I’m also interested in any advice people have for ways to do this in a financially savvy/tax efficient manne…

Reddit Personal Finance 1.2k 2024-07-24

Step mother passed away

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Step mother passed away My step mother, unofficially of 12 years, passed away last month. She and my dad had been together for a long time, but officially got married last year. My dad just sent me a document to sign, and I want to be sure I’m not putting myself in jeopardy. My step mom’s aunt passed away two years ago and left her house to my step mom. There was no …

Reddit Personal Finance 1.2k 2024-06-23

Mother passed. How do I tie up loose ends?

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Mother passed. How do I tie up loose ends? Mother passed. Funeral home/cremation services taken care of. A couple things I don’t know how to handle. She owned no property. She was in a car accident two months before she passed. (Not related to her death) and insurance companies are figuring out settlement based on treatment (25% mom’s fault and 75% other driver, but other driver is l…

Reddit Personal Finance 1.2k 2024-06-13

How should I navigate this situation with my mother and her poorly planned finances?

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How should I navigate this situation with my mother and her poorly planned finances? Here’s the situation: My mother is in her mid 70’s and has very little income + SS. She’s barely scraping by. Any major expense will send her into debt. She’s been fortunate enough to not have any medical issues, and she has a car that is reliable and is paid off. However, she’s reaching the age where she is going to start needing help. My sibli…

Reddit Personal Finance 555 2024-06-11

Am I responsible for elderly mother’s debt?

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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…

Reddit Personal Finance 568 2024-06-09

Where should my mother (68) park her inheritance?

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Where should my mother (68) park her inheritance? My mother is terrible with money. Lives off part time work and social security. Not sure the exact amount of the inheritance but likely over 250k. Where should I recommend she park what money she does not spend? I am looking for something simple, with little to no risk that she can draw from for emergencies. What is a better option than a high y…

Reddit Personal Finance 1.1k 2024-06-05

Does my mother have to file a tax return?

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Does my mother have to file a tax return? Hello! My mother is in the hospital, and will be for a while. She is 80 years old. My sister and I are trying to figure out if my mother has to submit a tax return. She received an SSA-1099 for 30071dollars for total benefits. We also found a T. Rowe Price statement that shows she took a 5500 dollar distribution in 2023. Knowing this, do you thi…

Reddit Personal Finance 532 2024-05-01

Am I being lied to by my mother about paying off a mortgage?

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Am I being lied to by my mother about paying off a mortgage? I am twenty-three and I live with my mother, its just two of us in our home. My mom is close to retirement which is in about 3 more years, she wants to travel other to countries and give me the house with my name on the deed. She says she’s still paying off the mortgage and there around twenty thousand on the mortgage andshe plans to pay it off….

Reddit Personal Finance 1.2k 2024-04-25

Trying to get my mother to talk to CFP

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Trying to get my mother to talk to CFP I just helped my mother (mid-60’s) sell our old house and she’s getting a pretty good chunk of change for it. Her finances are a mess (mostly because of her husband) and I’m trying to now help her be responsible with the money and use it to build out her formerly non-existent retirement fund. I should mention the funds are in a trust with just h…

Reddit Personal Finance 499 2024-04-24