Am I Obligated To Take Care of My Parents? (They Have No Retirement)
The Ramsey Show Highlights
Ramsey Network
4.5 • 839 Ratings
🗓️ 12 April 2026
⏱️ 10 minutes
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| 0:00.0 | brought to you by CHOM, a budget-friendly faith-based alternative to health insurance. |
| 0:07.6 | CH Ministries.org slash budget. My parents through a series of recent unfortunate events |
| 0:13.2 | have disclosed some financial mishaps that have occurred in their life, and it basically |
| 0:18.7 | means that they have no retirement or savings plan beyond the immediate future. |
| 0:24.2 | My husband and I are baby steps millionaires, and I wonder what my obligation is if and when it comes time for them to be taken care of. |
| 0:32.1 | How old are they? |
| 0:33.0 | When it becomes, they're in their 60s, early 60s. |
| 0:36.2 | Are they still working? |
| 0:40.7 | My dad is, my mom is on disability she's unable to work okay and what were the mishaps would they how'd they lose all their money |
| 0:46.4 | my dad had a financial um below up post 2008 his company was bought by a overseas company and basically stripped. The result |
| 0:57.6 | being he was sued by many, many people, eventually filed bankruptcy. He's now out of that and has worked |
| 1:03.9 | just a J-O-B sense, but it's never been to that level of success he had when he owned his own business. |
| 1:14.0 | How long ago was the, oh, 2008 was the blow up, right? |
| 1:18.5 | Yep. |
| 1:19.8 | Hmm. Okay. |
| 1:21.9 | What does he make? |
| 1:24.9 | Six figures. I don't know too much about his salary because a lot of it... |
| 1:29.3 | But they've saved nothing since 2008. |
| 1:32.3 | Correct. |
| 1:35.3 | There have been some medical bills. |
| 1:37.3 | My mom had a stroke and... |
| 1:39.3 | They don't have health insurance? |
... |
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