I’d like to hear ideas about how to do this kind of problem-solving with elders. My 103-year-old mother is mentally sharp but has been scammed twice. She almost gave a “US Treasury official” $32k in cash. I’ve taken steps to protect her while leaving her a sense of financial independence - but am I doing everything I should?
Almost five million reached? That sounds like success to me! Helping others in so many ways - now that’s success! The main thing is to find your passion, that activity that energizes you and makes you look forward to getting up every day. Not everyone “in retirement” has found that key to a rewarding life. You have found yours and we are all the better for it!
In my earliest days of investing, I didn't understand how large commissions could be, and felt it would be rude to ask for such details - seriously! Consequently, one of my earliest and largest investments in 1978 was an annuity on which I later realized I had paid a 40% percent commission. I still hold that investment, and it kills me to think what it would be worth had I invested that money more knowledgeably.
Comments
I’d like to hear ideas about how to do this kind of problem-solving with elders. My 103-year-old mother is mentally sharp but has been scammed twice. She almost gave a “US Treasury official” $32k in cash. I’ve taken steps to protect her while leaving her a sense of financial independence - but am I doing everything I should?
Post: Make Them Answer
Link to comment from April 17, 2024
Almost five million reached? That sounds like success to me! Helping others in so many ways - now that’s success! The main thing is to find your passion, that activity that energizes you and makes you look forward to getting up every day. Not everyone “in retirement” has found that key to a rewarding life. You have found yours and we are all the better for it!
Post: Business Schooled
Link to comment from January 6, 2024
In my earliest days of investing, I didn't understand how large commissions could be, and felt it would be rude to ask for such details - seriously! Consequently, one of my earliest and largest investments in 1978 was an annuity on which I later realized I had paid a 40% percent commission. I still hold that investment, and it kills me to think what it would be worth had I invested that money more knowledgeably.
Post: What’s your biggest financial regret?
Link to comment from March 5, 2022