Los Angeles former child actor discovers his 60-year-old parents drained all of his childhood earnings, and now he is trying to figure out whether to confront them about it: ‘I’m really just looking for clarity’

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  • Man in a denim shirt and red cap standing alone on a cloudy beach with a serious expression.
  • Parents (59M, 58F) drained my earnings as a child actor (24M)

    I worked as a child actor from ages 8-14 and still get small residual checks today. I'm now an adult,
  • and recently my parents told me there were delinquent dues on my SAG-AFTRA account that
  • had built up over about five years (something I hadn't been aware of).
  • After paying those off, I was finally able to access my account and see my
  • Man in a denim shirt and red cap standing near a beach with a serious expression.
  • cumulative earnings from that time. I was honestly surprised by how high the total was.
  • That led me to go back through old bank statements, and I realized
  • that roughly 94% of those earnings had been spent before I ever had access to my own bank
  • account. About 15% (as per the Coogan Act) was set aside in a Coogan
  • savings account I couldn't touch until I turned 18, which I didn't access until after college.
  • Now I'm trying to figure out how to feel about all of this. I understand that a portion of the money
  • likely went toward my career (acting classes, transportation to gigs and auditions, etc.) but it
  • doesn't seem like those expenses would come close to what was spent. And as I navigate
  • supporting myself with my job, rent, and student loans - it's frustrating to think that I could've felt a
  • lot more secure if that money had been saved or invested.
  • I have a good relationship with them and don't want to blow anything up I'm really -
  • just looking for clarity and if it's worth a conversation. Any advice. on approaching a conversation with my parents about this topic?
  • Any insight or guidance would really help. Location: Los Angeles, CA

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