My parents are divorced and my dad has to pay to my mom financial support for everyone in the family. Because I moved out, my dad removed part of this financial support that he gives my mom. She is now asking that I give her the money that my dad doesn’t give her anymore.
Dear Penny: How Do I Tell Mom I’m Worried About Her Retirement Plans? Here’s What People Really Have Saved in Their 20s, 30s, 40s, 50s and 60s Dear Penny: I Can Get a 401(k) Loan and Pay Myself Interest.
Dear Liz, My mother died in 2002 and we never asked if she had a 401(k). How can we find out if she had a 401(k) or retirement account? Is there a way to find unclaimed money?
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I was told "oh of course your mother can keep her house" but when she passes, they take THEIR Share of money from her care if you get medicaid. Overall, sell or buy their home and hope they dont need care for 5 years, or in your case, you need to use the house money for the care until its gone.
If My Parents Gift Their Home to Me, Do I Have a Tax Liability?. if your parent’s house has a fair market value of $150,000 and they bought it for $50,000, the IRS calculates the gift tax on.
Your Parents Have NO Retirement Savings – What’s Your Responsibility?. Parents over-indulge their kids, especially with college, weddings and help buying a new house, and end up in the poor house themselves by the time they reach retirement age.. I think that anyone who’s gotten that much help from their parents has an obligation to.
“Dear Joseph, I have been thinking about your email. I want to thank you again for keeping me informed about my father. I know that you have only his best interests at heart and am glad that you are.
It was new, and I want to offer to help pay for a new one if we don’t find it. My husband. DEAR ABBY: What is your opinion about elderly parents who no longer drive having to pay their children.
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