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Reply to "Mother has decided to “retire” at 58"
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[quote=Anonymous][quote=Anonymous]I’m making this all about me, but I’m worried. When I was a kid, my mother was a successful professional. Somewhere around the time she was 45, things seemed to falter (I understand she may have burned many bridges). She last held a professional position about five years ago, and has since been intermittently underemployed. She’s decided t cash it on what she was able to invest for retirement, and I’m not sure how this is going to work. (It doesn’t sound like much.) She lives with her partner, who’s a fed. They’re not married, but they do own a house together. I’m afraid that if that relationship goes south, she’ll be destitute, and I’ll be responsible for her upkeep. She’s in good health and is totally capable. Is there anything I can say or do to have her reconsider? Even some consulting work for the next ten years would be preferable to her deciding not to work anymore. Thoughts? [/quote] She's made bad choices but it's not too late. OP I would pull up their title from the county to see whose name is on the home. You might have to pay a fee. If it's right of survivor-ship it automatically transfers to the other owner. Do they have it in trust...or what? If she isn't protected and this man doesn't want to get married then she's wasting her time. I would find a good time to tell her of your concerns. Do it in a way she knows you're concerned about her future. Also, I would try and convince her to find something f/t and sock it away. Ask her point blank what her and her partners estate plans are. Will she be covered if he dies?? Maybe he has her as a beneficiary and she'll be just fine. If none of it sounds good then you'd better get a spare room ready at some point. [/quote]
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