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Money and Finances
Reply to "People who don't save for retirement"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My mother, who is 78, is still working. She just historically makes so many horrible financial decisions, one after the other. She does own a few properties other than her home and she has finally agreed to sell one. I am supporting her because I don't want her on the street (she was living in a hotel recently) but I gave her an ultimatum to sell a vacant rental property because I can't afford to keep floating her. She also cashed in some stock that she inherited from my father when he died.[/quote] If she is living in a hotel while her rental property sits empty, I'd worry about her mental acuity at this point. [/quote] I already worry about that, but you cannot force someone to make better decisions. I’ve tried all of my adult life. She was sleeping on a blow out mattress in the vacant house (because her main house had no heat) but eventually went to a hotel. She now has heat and is back in her main house but while her heat was out her pipes froze and now she has no water. She is dragging her feet getting it fixed. So this is what I deal with and probably better for a separate thread. So in summary, there are people out there who have no retirement savings. [/quote]
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