Have you and your spouse had discussions in the past and determined any policies about bailing out family members? If not, this could get sticky going forward.
Both mothers of DW and myself have acted somewhat irresponsibly with money in the past. They had enough to go from paycheck to paycheck in the style to which they have become accustomed, but there is no long range thought/planning going on.
I have spoken to DW numerous times about this before ERing and I believe that we are in agreement on a no-bailout policy for parents. We didn't want to work an additional undeterred amount of years to support DM's spending habits.
I am a firm believer in not trying to manage the lives of others, but at the same time let the other's learn from their mistakes and accept the consequences.
As such, in a worse case scenario, I suspect that one or both DM's may need to go on Medicaid LTC to support themselves in the future and I am quite ok with that.
In this country under current law collectively, we typically don't put seniors out on the street for financial reasons unless they have mental illness and won't comply with the rules of the system.
As such absolutely no need for a bailout in our case.
-gauss