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Hi, everyone. Writing from a throwaway so I can give, and hopefully get, as much information as possible.

My mother is 66 but still working and plans to work until she is 70. She lives alone in NYC and has a mortgage on a co-op that costs her about $1800/mo total including co-op expenses. No major health issues to speak of yet but I know that the majority of her retirement income will be spent on health care in her later years. I've estimated her food, gas, and household utilities costs to be about $1100/mo and no other debts that I am aware of as of this moment. My calculations bring her total monthly liabilities to about $2900.

I plan on having her live with me after she fully retires (I'm in a different, equally high-cost city) so she can rent out her apartment and rely on that income in the future. What else can I do to ease her retirement? Would you recommend a specific strategy moving forward? Should she aggressively move her retirement funds into high-growth funds to take advantage of the market? I have my doubts about the last move as I believe this market is already too inflated.

Thank you for your help!



Submitted March 28, 2018 at 10:09AM by exhibit20 https://ift.tt/2pLErXO

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