Reply to How to start financial planning at 50?

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[quote=Anonymous][quote=Anonymous]Thanks all. I am good with money in terms of being financially responsible but do not know anything about investing or planning. I will read up on bogleheads and start moving some money around. Glad to hear most feel I am in a decent position for retirement and that as long as I have another 15 years of 100k ish income, I should be set.

24 hour old has some chronic health issues, didn't finish college and is working a bit of a dead end job - she will make about 20k in 2025. Currently lives in another city due to moving to be with said boyfriend so if she moves back she will be unemployed until she finds another job. Now that I am back, I am hoping to get her more stable and independent. However she does not want to move back into an upstairs bedroom and wants the apartment. She would pay rent once employed again but not market rent.[/quote]

Of course she wants a cushy subsidized private apartment (who wouldn’t!) but at 24 she should be old enough to know that beggars can’t be choosers and grateful to even have the option of a free bedroom to herself where she can stay until she is able to get things together.
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