One of the main financial problems that I see from older folks is when they have continued to give money to adult children to the point where it causes them to not have the money to pay their own bills.  My friend, Don McNay has written recently on this recurring problem, and it is worth repeating her:
Don McNay, CLU, ChFC, MSFS, CSSC is founder of the McNay Settlement Group in Richmond, KY.
An award winning, syndicated financial columnist, McNay is the author of Son of a Son of a Gambler: Winners, Losers and What to Do When you Win the Lottery and The Unbridled World of Ernie Fletcher. You can write to him at don@donmcnay.com or read other columns at www.donmcnay.com