Financially Supporting a Parent
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 5 March 2026
⏱️ 24 minutes
🧾️ Download transcript
Summary
Five years ago, my mom sold her house and moved in with us, and we're covering all her expenses. Are we jeopardizing our own retirement?
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. |
| 0:05.6 | It's Thursday, March 5th, and we are here trying to help you make better, maybe more considered financial decisions. |
| 0:13.6 | Now, for each of us, trying to figure out where you want to go, it means something different, |
| 0:18.1 | which is why we really encourage you to get in touch with us |
| 0:22.0 | and ask the question that is on your mind, write to us directly. |
| 0:28.0 | You don't have to kind of interpret what we're saying for someone else and how that applies |
| 0:32.2 | to you. |
| 0:32.8 | We'll just do it with you. |
| 0:34.7 | So easy. |
| 0:35.6 | All you need to do is go to the website, jillunmoney.com. In the upper right hand corner, there is a contact us button. When you click that button, a form pops up. It's the email that we receive. If you don't think that you're going to come on the air, give us a lot of detail. Please, plenty of detail. If you do want to come on the air, just check the box. And Mark will do everything else. That is what Kristen did. She joins us from Texas. Hello, Kristen. Welcome to Jill on Money. Now, everyone listening, I've just like flummoxed my intro with Kristen twice while we were getting ready. So Kristen, now you feel like I'm a regular old human being, don't you? We do. We do. Good morning. What's going on? What can we do for you? |
| 1:15.2 | Just wanted to write in and I have a unique situation with one of my parents who have become |
| 1:21.4 | financially dependent on us. So just wanted to get your advice. Okay. So who's the us? You have a partner. |
| 1:28.0 | You have a spouse. |
| 1:29.1 | What's going on? |
| 1:30.1 | So I am married. |
| 1:31.5 | And for the last six years, my mom has actually been living with us. |
| 1:36.8 | You know, we're grateful to her. |
| 1:38.7 | She had essentially given everything she had to us, apparently unbeknownst to us, |
| 1:44.7 | and kind of discovered that she really hadn't saved anything for her own retirement. |
| 1:48.8 | So she's kind of moved in with us. |
| 1:51.6 | It's taken us six years to kind of figure, even just understand her financial situation. |
| 1:57.6 | We've got a plan in place now, which is good news, |
... |
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