<prompt> Human: Hi there, just off the bat, Ill be vague with some details to protect my familys identity.My parents recently won the lottery. Theyre not filthy rich its in the low 6-figures, but itll be a huge help in their life.I do my parents tax return each year so I know what their finances are like. They have steady income employment military pension, a mortgage they bought their first home not too long ago, no credit card debt, car payments, and have nothing much in terms of savings aside from 401k. In fact, a family emergency just happened and I was going to lend them money to help with expenses. We are a big family but we adult siblings are employed or in school and my parents still have a couple of underaged children. We are keeping the win on the down-low. They will be helping their mothers and of course, us. What advice would you give my parents? My dad is looking to retire in 10 years. What can they do to make the money last? And what would you recommend I do with my share of the winnings?ThanksEDIT edit from low 5 figures to low 6 figures. Meaning, they won at least 100,000.  <response>: Wow! Super problem to have! Congratulations to your parents. Love your username. As usual, good advice in the rpf thread but...WE NEED TO ASK MORE QUESTIONS!!! Do your parents have a budget in place? How do they track that budget? Do your parents have an emergency reserve? Did that family emergency put them into any debt? Is there any debt - other than credit card, mortgage or car payments? How much is the mortgage? What is the rate and payment? Do they pay PMI? Do they want to help anyone with college expenses? What amount and type of assistance do they want to offer their mothers? How much do they plan to help the kids? How many kids are there? Dad has ten years until retirement, what does that retirement look like? What kind of stuff does he want to do? What does Mom want to do? Have they done enough to save for that retirement? Do your parents have life insurance? health insurance? disability insurance? Now would be a good time to write a will and fund a trust. Anything like that in place?Sit with your family and ask these questions. These are all areas that need to be addressed. Congratulations again! What a wonderful, exciting thing!! 