My Parent’s Debt is Concerning My parent’s(in their 40s-50s) have a large amount of credit card and loan debt with no form of savings what’s so ever. Around 50-80k of debt, while they both make around 80,000 a year combined. I have knowledge about most of their finances and know they go from paycheck to paycheck. Me an 18(M), a middle child going to cc(community college) hav…

Please dead parents debt Please help* My mother past away and I received money through her estate. Probate court has been done and dealt with and I received the money about 6 months ago. The money was held for awhile to give anyone who my mother had debt with to be paid. Nothing was reported. Do I still have to pay this collection agency now? They took over a medical bi…

My parents (Dutch, in their 70s) USA roadtrip, any tips about the route they planned? Hi! My parents are going to make a USA roadtrip in april. They are in their 70s (but fit!), going to rent a campervan and the whole trip will be 27 days. It’s their first time in the USA and an agency helped them plan it. I feel like they are going to do a lot and I’m a little worried it will be way too much. What do you guys think? Is there som…

Question about potential gift from parents Last year my parents lent us money to purchase a home in NY state. We made sure to set up a repayment plan that included interest to keep everything above-board with the IRS. This year they are expecting a large sum from the sale of a property in my late grandparents estate and they want to pass that inheritance into our loan. My question is wou…

Moving out of parent’s house at 18 I (17F) and my boyfriend (18M) have been planning to move out of both of our parent’s house for a year. We both work in the service industry (i am a host and he is a host/to go specialist/food runner). Together we make around 3.2K to 5K a month and we have 9K in savings all around. I turn 18 in a few months and we both attend community college (…

16 and stressed about prescription costs for parents Hello, I just want to ask from an outsider’s perspective about what to do about my situation. My dad currently has a medical condition and has received prescriptions that range from cost of $800-1000+ each month (excluding all the doctor visits/operations). My dad retired because his conditions made it too hard for him to continue to work. As a …

Parent’s place (summer/winter comparison) submitted by /u/_vylliz

What to do with my retired parents money My mom is 81, and she has a federal gov. pension and around $850k in the market in various ETF’s, Mutual Funds and individual stocks. These investments have obviously done well over the past few years but I’m concerned about a market correction and her losing a sizeable amount of this. She’s in an independent community and will likely need assis…

sunday morning at my parents submitted by /u/poutine-was-taken

My parents little cabin submitted by /u/arageclinic

Moving in with parents I’m 35 about to be 36. Male. Single after a divorce about 2 years ago. I make 92k a year and have no debt (car is paid off, student loans are paid off, owe nothing. I rent a 2 bedroom apartment at $1355 a month I want to move in with my mom and dad since I’m dealing with depressive symptoms and some physical limitations related to my overall hea…

My parent’s garden in Switzerland submitted by /u/pixdam

Parents want to retire in 15 years My parents want to retire in 15 years (50 & 49) but they only have about $50k combined in their investments from their 401Ks. I suggested them to start a Roth IRA. Would it be too late for them to start a Roth IRA to take advantage of the tax-free benefits? If so, is the typical S&P 500 a good investment for the next 15 years? Edit: together t…

Parents Stealing from My Bank Account Hello My parents recently took 400$ from my BOFA account to fix one of their financial issues that they had, which i had NOTHING to do with. That money is gone and spent and I will not be getting it back. I recently got a new card because my bank account was also hacked. They were able to take the money because they have access to my accounts, i…

Should i travel alone at 18 or with my parents? Hi! Im 18M from Romania, i never left the country and neither did my parents. I have some money saved and I was thinking about going to Barcelona for the tourists attractions, the urbanism and the football stadium, or go to Italy or somewhere in the nordic countries, BUT idk if i should do it alone. i ve been alone on trains for 10+ hours a lot …

Will I be stuck with my parents debt? My parents have no money saved. Their plan is to keep taking out reverse mortgages or loans on the house to finance their retirement. BUT they also put the house into a trust so I would immediately receive ownership if they pass away….I’m worried this means I would inherit all their debt if theres no equity left in the house. Can anyone help / h…

My parents living room. Is it cozy ? submitted by /u/EdwardReisercapital

Parents wrote me a check for $45,000. Tax implications? My parents recently came into a lot of money and want to gift me $45,000. I honestly feel weird about the about the whole thing, but they have insisted. My dad just wrote me a check for it today, but can I really just take that to the bank? Are their tax implications I should be aware of? If anyone could point me to anything I should think about…

Why You Should Talk About Sex With Your Parents Sex is a big part of life. Why is it so hard to talk to family members about it?

What Should My Parents Do With My Dad’s 401(k) in Retirement? Hi everyone, I’m seeking advice for my parents, who are in a great financial position but unsure how to handle my dad’s 401(k). Here’s their situation: • Both are retired military (20 years of service each) and draw pensions. • Combined annual income in retirement is ~$180k, which includes: • Two military pensions. • My mom’s Social Security (sh…