Theyve repaid $4,000, but nothing since the second loan was made.

My parents had just finalized a bankruptcy less than a year before the loans.

I know that income has been inconsistent for them.

An elderly male looks at money his adult son gave to him.

My dad is 73 near full retirement, and my mom is 57 working hourly part time.

Now heres the twist: I dont need to be repaid.

So I was wondering if there was some way to give a financial Thanks!

Dear Penny

They do intend to repay the loans, although they appreciate the flexibility I have.

My mom is especially adamant after the second loan.

They have no idea Im even considering any alteration to what we agreed upon.

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If it matters, should the loan be repaid Id probably just put it in my own retirement account.

And aside from student loans, I dont have any debt, personal or business.

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We reserve the right to edit and publish your questions.

But dont worry your identity will remain anonymous.

Thank you for your question!

Your willingness to share your story might help others facing similar challenges.

While we cant publish every question we receive, we appreciate you sharing your question with us.

Im guessing youre not going to sue your parents if they fail to make payments.

This is a small expression of gratitude.

Probably not as good as youd like.

It always seems like an uphill battle to build (and keep) a decent amount in savings.

But what if your car breaks down, or you have a sudden medical bill?

That doesnt mean they wont ask again, of course.

But at least youre managing the expectation upfront.

Many adult children do wind up providing some financial support to their parents in their later years.

You dont need to tell your parents youre doing so.

Ultimately, this is a good problem to have.

Your parents are lucky to have such a generous child.

Send your tricky money questions to[email protected]or chat with her inThe Penny Hoarder Community.

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