<prompt> Human: Inspired by this thread Im curious how many of us have had the talk with our parents. You know the one I mean, the one where we ask our parents how much money they have, how and when they plan to retire, and what they expect to happen if they become incapacitated somehow. If youve had that conversation with your parents, how did it go? Any tips for having that conversation? How do you bring it up? Do you have the kind of relationship where you can talk openly about money or is it a taboo subject? What should you ask? Not ask? Anything you wish youd known sooner? Are your parents open to taking your advice? Are you worried about them? Do you think theyll need your financial support? Do they already have wills, living trusts, life insurance, whatever kind of stuff makes up end-of-life planning?Myself, I talked to my parents fairly recently. It was uncomfortable, but Im glad we did it because it eased some worries I had. It wasnt an in-depth conversation, but I left much more confident that things were under control, and that they wouldnt need to rely on me for any help which is a huge relief. My father is totally on top of his financial situation. My mom is also on track to be fine, although she seemed to have lucked into a good position; she doesnt seem very well informed about how it all works. She said she doesnt invest in the stock market, she only invests in mutual funds. O_o! Im lucky in that they have both always been pretty frugal. rpf, lets talk about talking to our parents!Edit: This thread turned out to be sadder than I was expecting. For those of you who lost parents or have sick parents, my condolences. For those who have obstinate parents who dont listen and are struggling financially, Im sorry too. It looks like we as a generation, as a society, have some challenges ahead of us.  <response>: My mom is an immigrant working as much as she can with a 4 year old that I told her not to have even thought I love my brother but she cant afford him. She makes minimum working at a warehouse. No savings no retirement and got in to a lot of debt to keep me and my sister dressed nice. I regret asking for nice clothes now that I know about money but at 14 what the hell did I know. My father makes decent money. I would guess 60k a year? Ruins his credit and his reputation because of women. Divorced my mom had like 80 k left from the house. Bought a new trailer home like new style very nice for I think 180 k in Cali? Furnished it all with stupid credit for his new gf then Financed 2 cars for them arghhh. She left him for I dont know what and he had to return the cars because he couldnt afford it anymore . 2 years later Underwater on his house so he just lost it 2 months ago . Probably has a big tax bill coming. Also and this is the kicker. He got his ex gf fucking pregnant!! so now at 45 he has a new daughter and now he has child support and has to take care of her. Youre goddamn right Im not making any of the mistakes they did. 