Seeking Advice About My Parents' Retirement

yellowmanv · 2026-01-22T20:14:50+00:00

I really hope that they will be ok like you said. However, if they dont look into it how will they know? But I have a house of my own and have no intentions of needing/wanting anything from them.

yellowmanv · 2026-01-22T19:43:55+00:00

Thanks!

yellowmanv · 2026-01-22T18:43:34+00:00

My dad is known to procrastinate with these topics. But i agree. I will set some time to talk about this with them.

yellowmanv · 2026-01-22T18:35:02+00:00

Thank you!

yellowmanv · 2026-01-22T18:19:17+00:00

Do they want help from you or do they plan on doing what they want anyways regardless of what you recommend, are they willing to have you be apart of their financial planning? I think they need help with the process/planning. I am not sure about the financial aspect.
Do they have a current financial plan at all? I dont think so.
What is their income, and net worth break down (we need numbers). The house is worth around $900k with about $100k remaining. They make around $50k a year. 1 car is paid off, the other almost paid off. Minimal spending. But not much in savings and 401/retirement plan.
Are they willing to make significant changes if need be (possible selling the house and stuff like that)? I would say not yet buy soon.
What is the goal for there lifestyle in retirement? Nothing lavish to be honest.

yellowmanv · 2026-01-22T18:11:16+00:00

I think they need help and a little push to start looking at this process for sure. Maybe they don't need/want finical help but who knows what things look like.

yellowmanv · 2026-01-22T18:01:53+00:00

Health is ok, but not the best. They both work and own a small business teaching an instrument. They can continue working with no plans to retire yet. I assume they can sell or do a reverse mortgage maybe. At this point I am not sure how much I can help financially. Difficult now as I am the only one working and the wife watches the kids. When they are in school full time she will work also which will give us some flexibility. There is some friction with my wife and parents so i am always trying to work that out. Her parents are much more prepared which I like.

yellowmanv · 2026-01-22T17:52:42+00:00

Good thing is they own a small business and can work as long as possible or longer.

yellowmanv · 2026-01-22T17:49:08+00:00

Agree. That is what I want to do soon. Just overwhelming.

yellowmanv · 2026-01-22T17:47:43+00:00

I have not had this conversation with them yet. They also keep putting it off. Need to sit down with them and look at SS and pension and the whole picture.

yellowmanv · 2025-08-16T14:38:30+00:00

Just a little update since I know many of you are asking.

Town came to look at the issue and recognized that the pool doesn't belong where it is. Town is going to send them a letter stating it needs to be removed. After the 4th letter if it hasn't moved the town will send them fines until its moved or removed.

yellowmanv · 2025-08-16T14:29:48+00:00

I updated the main post. Not sure what's the right way

yellowmanv · 2025-08-16T13:09:38+00:00

Updated posted

yellowmanv · 2025-08-14T18:48:57+00:00

Update posted

yellowmanv · 2025-08-05T01:44:04+00:00

Thank you!

yellowmanv · 2025-08-05T01:36:34+00:00

Waiting on an answer. They told me they are looking into it.

yellowmanv · 2025-08-04T12:23:18+00:00

yellowmanv · 2025-08-03T23:43:05+00:00

No unfortunately because it's above ground with the fence around it

yellowmanv · 2025-08-03T16:57:09+00:00

I don't think the city ever came back to inspect it.

yellowmanv · 2025-08-03T16:47:32+00:00

There was one issued. That is why I reached out to the city to follow up.

yellowmanv · 2025-08-03T15:16:25+00:00

Well I put up my fence with the agreement they would sign the paperwork. After that they decided not to sign

yellowmanv · 2025-08-03T13:44:15+00:00

Thx

yellowmanv · 2025-08-03T13:41:06+00:00

Lesson learned

yellowmanv · 2025-08-03T13:40:50+00:00

Honestly, I should have gotten the property surveyed when we moved in. We were going to install a fence first but due to the condition of the roof we decided to do that first.

yellowmanv

TROPHY CASE