The article discusses a Redditor whose parents revealed they had been financially unstable for five years, nearing homelessness. The father’s pride prevented him from seeking help sooner or saving money for retirement. Upon learning this, the Redditor felt compelled to assist despite the burden of taking on two jobs. He helped them sell their home and manage their finances, avoiding full destitution. The situation highlights the importance of open communication regarding financial matters within families and the emotional burden placed on children when parents fail to plan for the future.
Based on the Redditor's post, we know that around five years ago, his dad came to him and told him that his parents were on the "verge of homelessness." Unsurprisingly, the dad found it difficult to swallow his pride and ask for help, which caught the original poster and his partner off guard. There is no 401(k) account or any other savings, as the parents didn't think they would live as long as they had.
Now, the son had a choice to either take control of their finances or leave his parents destitute, so he did the first thing. He helped them sell their home and pay off the second mortgage, leaving some money for savings.
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