Comments on: Finding Out Your Parents Financial Situtation Can Be Stressful. http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/ A place to discuss money...for the rest of us. Sun, 20 May 2012 17:23:40 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Being Positive Brings Good Things To You. | My Two Dollarshttp://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-21426 Being Positive Brings Good Things To You. | My Two Dollars Sat, 22 Sep 2007 01:29:18 +0000 http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-21426 [...] coming on the heels of yesterday’s post about my mother’s finances, this post might be seen as rather strange. She was telling me how it has changed her thinking, but [...] [...] coming on the heels of yesterday’s post about my mother’s finances, this post might be seen as rather strange. She was telling me how it has changed her thinking, but [...]

]]> By: Do Your Parents Need Long Term Care Insurance? | My Two Dollarshttp://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-10177 Do Your Parents Need Long Term Care Insurance? | My Two Dollars Fri, 15 Jun 2007 18:11:29 +0000 http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-10177 [...] few months ago I wrote about how finding out your parents financial situation can be stressful and I thought I would touch on that again now that my brother and I have been talking a little more [...] [...] few months ago I wrote about how finding out your parents financial situation can be stressful and I thought I would touch on that again now that my brother and I have been talking a little more [...]

]]> By: broknowrchlatrhttp://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1626 broknowrchlatr Fri, 09 Mar 2007 13:46:31 +0000 http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1626 I sort of go through the same thing with my parents. They have a lot of savings but recently seem to have changed from the "I want to save as much money as possible" psychology to the "I want my last check to bounce" psychology. I'm not saying I expected some inheritance. Its just that, of me and my brother, I would be the one financially bailing them out of they depleted their savings too soon. I am thinking about buying their long term care insurance myself. I sort of go through the same thing with my parents. They have a lot of savings but recently seem to have changed from the “I want to save as much money as possible” psychology to the “I want my last check to bounce” psychology.

I’m not saying I expected some inheritance. Its just that, of me and my brother, I would be the one financially bailing them out of they depleted their savings too soon.

I am thinking about buying their long term care insurance myself.

]]> By: broknowrchlatrhttp://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1625 broknowrchlatr Fri, 09 Mar 2007 13:39:47 +0000 http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1625 I sort of go through the same thing with my parents. They have a lot of savings but recently seem to have changed from the "I want to save as much money as possible" psychology to the "I want my last check to bounce" psychology. I'm not sayign I expected some inheritance. Its just that. of me and my brother, I woul dbe the one financially bailing them out of they depleted their savings too soon. I sort of go through the same thing with my parents. They have a lot of savings but recently seem to have changed from the “I want to save as much money as possible” psychology to the “I want my last check to bounce” psychology.

I’m not sayign I expected some inheritance. Its just that. of me and my brother, I woul dbe the one financially bailing them out of they depleted their savings too soon.

]]> By: davidhttp://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1527 david Mon, 05 Mar 2007 17:17:48 +0000 http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1527 It's crazy isn't it LivingAlmostLarge...these are the people that should have taught us this stuff, and here we are trying to teach them! Scary... It’s crazy isn’t it LivingAlmostLarge…these are the people that should have taught us this stuff, and here we are trying to teach them! Scary…

]]> By: LivingAlmostLargehttp://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1526 LivingAlmostLarge Mon, 05 Mar 2007 17:13:08 +0000 http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1526 Try having to talk your parents out of a 4th car ($30k), buying a 3rd home ($400k) they only want to keep 1 year until they decide to sell their other two homes and then buy another 5th home! All in a dropping RE market. And dealing with parents who haven't bought a home in 30 years thinking "oh RE always makes money." Never looking at opportunity cost etc. Try having to talk your parents out of a 4th car ($30k), buying a 3rd home ($400k) they only want to keep 1 year until they decide to sell their other two homes and then buy another 5th home! All in a dropping RE market.

And dealing with parents who haven’t bought a home in 30 years thinking “oh RE always makes money.” Never looking at opportunity cost etc.

]]> By: My Two Dollars - A place to discuss money..for the rest of us. » Carnival Of Personal Finance #90 Goes Big Time.http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1525 My Two Dollars - A place to discuss money..for the rest of us. » Carnival Of Personal Finance #90 Goes Big Time. Mon, 05 Mar 2007 16:58:00 +0000 http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1525 [...] My Two Dollars Favorite Posts of February. Stocks I Own BAC50.09+0.08SIRI3.45-0.10BA87.44+0.41MSFT27.76-0.00GPS18.20-0.20BSM7.20+0.03INTC19.35+0.13CSCO25.65+0.352007-03-05 11:37 Favorite Money Sites Blogging Away Debt Blueprint for Financial Prosperity Cents To Save Consumerism Commentary Five Cent Nickel Free Money Finance Frugal For Life Generation X Finance Getting Green Money, Matter & More Musings My Open Wallet No Credit Needed One Million & Beyond Personal Finance Advice PFBlogs.org Punny Money Savvy Saver The Good Human The Simple Dollar Zen Habits Recent Comments Carnival of Personal Finance » Carnival of Personal Finance #90 on Finding Out Your Parents Financial Situtation Can Be Stressful. [...] [...] My Two Dollars Favorite Posts of February. Stocks I Own BAC50.09+0.08SIRI3.45-0.10BA87.44+0.41MSFT27.76-0.00GPS18.20-0.20BSM7.20+0.03INTC19.35+0.13CSCO25.65+0.352007-03-05 11:37 Favorite Money Sites Blogging Away Debt Blueprint for Financial Prosperity Cents To Save Consumerism Commentary Five Cent Nickel Free Money Finance Frugal For Life Generation X Finance Getting Green Money, Matter & More Musings My Open Wallet No Credit Needed One Million & Beyond Personal Finance Advice PFBlogs.org Punny Money Savvy Saver The Good Human The Simple Dollar Zen Habits Recent Comments Carnival of Personal Finance » Carnival of Personal Finance #90 on Finding Out Your Parents Financial Situtation Can Be Stressful. [...]

]]> By: Carnival of Personal Finance » Carnival of Personal Finance #90http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1524 Carnival of Personal Finance » Carnival of Personal Finance #90 Mon, 05 Mar 2007 15:04:09 +0000 http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1524 [...] Finding Out Your Parents Financial Situtation Can Be Stressful (My Two Dollars) [...] [...] Finding Out Your Parents Financial Situtation Can Be Stressful (My Two Dollars) [...]

]]> By: Mapgirl’s Fiscal Challenge / Carnival of Personal Finance #90!http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1522 Mapgirl’s Fiscal Challenge / Carnival of Personal Finance #90! Mon, 05 Mar 2007 13:30:25 +0000 http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1522 [...] My Two Dollars presents Finding Out Your Parents Financial Situtation Can Be Stressful.. [...] [...] My Two Dollars presents Finding Out Your Parents Financial Situtation Can Be Stressful.. [...]

]]> By: davidhttp://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1474 david Thu, 01 Mar 2007 21:03:50 +0000 http://www.mytwodollars.com/2007/03/01/finding-out-your-parents-financial-situtation-can-be-stressful/#comment-1474 Yes, it sure is mapgirl. I nearly lost my mind when I saw that! Yes, it sure is mapgirl. I nearly lost my mind when I saw that!

]]>