What should my parents do with their inheritance

I'm going to address another thing in this post. If your dad is still working, it's either because he needs to or because he wants to. If it's the former, there's not much you can do unless you're going to be the one putting a roof over his head and feeding him. But it sounds like that probably isn't the case based what you've described. It sounds like he could get by just fine the rest of his life if he just retired.

If it's the latter, it's still not your choice. Not everyone wants to retire or at the very least doesn't find value in just sitting around waiting to die. Some people want to keep their bodies and minds busy as long as they can and that is totally fine.

Also, your family could be trying to have something to leave behind for you. It sounds like they bought their home at a relatively advanced age, at least for a long term loan like a mortgage, so it's very possible that they want you or a sibling if you have any to live in that house one day. It isn't as if the goal of life is to get out with a net worth close to 0. People want to leave things behind for their kids to give them a better life than they had.

/r/personalfinance Thread