Many of our parents are nearing retirement age, and it's likely their retirement portfolios took a hit with the market. Almost half of you said your parents have a good idea [1] about your financial state, but does the transparency go both ways?

Ron Lieber of The New York Times suggests [2] it's important to open an inter-generational dialogue about the family's finances: He says parents should be honest if their retirement savings have been devastated and their kids should admit their monthly debt payments.

Do you have a clear picture of your parents' finances?

Source [3]