- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
When should you take your parents money away from them?
Posted on 1/7/14 at 10:30 am
Posted on 1/7/14 at 10:30 am
quote:
According to the industry’s most recent data, half of all adult visitors to casinos are aged 50 and older. With the rising numbers of seniors who have taken up gambling as a new form of entertainment, more than anyone ever expected have become addicted. From the anonymous schoolteacher who blew her nest egg to public figures like Maureen O'Connor, the first female mayor of San Diego and moral crusader William Bennett, gambling addiction among older Americans knows no social or economic boundaries. One poll found that 70 percent of seniors had gambled in the last year. The gambling addiction hotlines are ringing off the hook, and it’s often Grandma on the line.
Experts predict that the trend of baby boomers retiring, coupled with factors like the rise of casinos explicitly marketing to seniors, multi-state Powerball lotteries, proliferating slot machines, and a massive online betting surge, the crisis is only just getting started.
baby boomers created 17 trillion in debt, now they want to blow the rest at casinos
9
Posted on 1/7/14 at 10:32 am to Iona Fan Man
If there's one thing I never have to worry about it's my parents gambling 
Posted on 1/7/14 at 10:32 am to Iona Fan Man
when one is a lying, cheating whore like all women
Posted on 1/7/14 at 10:33 am to Iona Fan Man
If my retired parents were on a tight fixed budget I would talk with them. Luckily my parents were very frugal and don't gamble.
Posted on 1/7/14 at 10:34 am to MThawg
quote:
Luckily my parents were very frugal and don't gamble.
yeah, that's why home shopping network has like 12 channels now
Posted on 1/7/14 at 10:35 am to Iona Fan Man
NEVER
If they earned their money I dont give a rats arse what they choose to do with it. If they leave me 0 but lived a happy life and enjoyed what they did with their own money so be it.
If they make use of an EBT card and find their way into the casino though they should be terminated.
If they have a mental disorder however you should try to get power of attorney.
If they earned their money I dont give a rats arse what they choose to do with it. If they leave me 0 but lived a happy life and enjoyed what they did with their own money so be it.
If they make use of an EBT card and find their way into the casino though they should be terminated.
If they have a mental disorder however you should try to get power of attorney.
This post was edited on 1/7/14 at 10:38 am
Posted on 1/7/14 at 10:38 am to Iona Fan Man
Set up a supplemental benefits trust for them if you are doing Medicaid planning. Not sure of the law in LA, but there is usually a five year look back period for Medicaid purposes.
Posted on 1/7/14 at 10:40 am to Catman88
quote:
If they have a mental disorder however you should try to get power of attorney.
define parameters
addiction to pain meds?
Posted on 1/7/14 at 10:44 am to MSTiger33
quote:
Set up a supplemental benefits trust for them if you are doing Medicaid planning. Not sure of the law in LA, but there is usually a five year look back period
So you're saying to hide assets so that they can qualify for medicaid so the government ( taxpayer) can care for them?
Posted on 1/7/14 at 10:45 am to Iona Fan Man
Take their money as soon as possible. Get paid
Posted on 1/7/14 at 10:46 am to Iona Fan Man
quote:
When should you take your parents money away from them?
if your parents can't manage money, chances are you can't either.
enjoy your comemmerative plates
Posted on 1/7/14 at 10:47 am to Iona Fan Man
Their money. They earned it. And this is America. So never.
Posted on 1/7/14 at 10:52 am to Iona Fan Man
My parents earned that money, why should I (or anyone) take that away from them?
Posted on 1/7/14 at 10:55 am to CaptainsWafer
A better question would be:
If they waste their retirement gambling or something similarly wasteful and then start to hit you up for money, do you oblige them?
When they are on the tail end of life, do you put up for in home sitters, etc
If they waste their retirement gambling or something similarly wasteful and then start to hit you up for money, do you oblige them?
When they are on the tail end of life, do you put up for in home sitters, etc
Posted on 1/7/14 at 10:58 am to Volvagia
I give them a living, but it don't let them in the family business.
Posted on 1/7/14 at 10:59 am to Iona Fan Man
Posted on 1/7/14 at 11:06 am to hardhead
quote:and if your parents never had children, chances are you won't either
if your parents can't manage money, chances are you can't either
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News