<prompt> Human: Reddit, how do I prepare myself for their impending financial doom and the assistance that my parents will need in the near future?nbsp;BackgroundFather age 65, Mother age 64.I always thought my father was a financially smart. Growing up, he taught me general money principles and gave pretty sound financial advice. He was an insurance agent for 25 years before the insurance company fired all its agents. He then worked as a financial advisory the irony, and then a mortgage loan agent. These were all things in the financial realm. Image my surprise a few years ago when I was visiting, to be woken up at 6 am by a tow truck repossessing my fathers car. But that, as it often is, was just the tip of the iceberg. nbsp;The Financial WrongsMy father will not talk about his own finances. He thinks it is incredibly private and will absolutely not discuss them, even in dire circumstances. Because of this attitude, when I started to wise up to my parents situation, I could only get info from my mother. Finally, I felt like my hand was forced and I went down to the county records office and started discovering things for myself.nbsp; In 1987, my parents bought the house California for 108,000. By 2007 it was worth 700,000. My father had refinanced 8 times! Each time taking more equity. By 2008 they owed 650,000 on the home. In 2009 they completely stopped making payments, however because of the recession and a BoA lawsuit, they remained in the house. At last check, they owed 850k because of accruing interest. Between 1995 and 2008 my parents had 5 income tax liens. Each lean ranged from 5k - 10K. In the late 1990s my father also had two business tax liens self employed. My father got involved with terrible business idea and dumped tens of thousands of investment money into the company being run by another individual, he worked for that company for two years and never once received compensation. Someone told my father about Forex trading. He spent 5k on training software, and unknown amounts of money actually lost in trading. He also had a couple of attempts at MLM companies. My mother ran a small business that in the past 5 years was very likely losing money each year. My father asked my grandmother for 20k, for some type of business. She said no. He asked for 10k, she eventually gave him 5k. After losing one car, my father purchased another car with very high mileage on a very high interest loan 25nbsp;Thats all I have found out up to now. I would not be surprised if there was more. What is incredible to me, is that my parents took half-a-million dollars out of the house, took money from my grandmother, have NOT BEEN PAYING A MORTGAGE for 6 years, and still have no money. It blows my mind!!nbsp;Current StateWell, the shit is starting to hit the fan. The 7 year lawsuit concluded and they are now forced out of the house, currently staying with my aunt. They have not had health insurance for the past 15 years, and my mother is starting to have some health issues. My fathers family history is very cancer heavy. I estimate their income at about 1500-2000 per month form my fathers work as a loan agent. Both of the cars are in bad condition.In February my father will get his pension from the insurance company where he worked for 25 years. He has opted to take a lump sum of about 100k. Currently he plans to invest that in Forex trading. The best part is that they feel like they have worked their whole lives, and now want to retire ceasing all work. Ive tried to tell my mother that they are in a really bad place and that she can at least be a greeter at Walmart, but she is set on not working.nbsp;What do I doHonestly, I love my parents, but it looks like they are counting on death as their way out of financial ruin. Do you literally let your parents go homeless just because you want them to learn their financial lesson. I absolutely will not indulge my parents in any money for businesses, but what about food? My aunt who is currently housing them has made it clear that she does not want to. My sister has agreed to take them, but I dont want to place a huge burden on my sister. Where is the balance between I love my parents and I dont support your life style? My sister is pretty financially sound So I think, weve discussed this a lot. But again, I dont want all of this to fall on her.nbsp;EDIT: Ive received some good advice so far. Thanks for your help.  <response>: OP, if you can, please update us when you can. I think your experience is a sign of things to come for many of us.The agingretirement of the boomer-population is going to be absolutely terrible. Your experience is not going to be unique, so help us out if you can. 