My parents are retired teachers and have run out of money. They just sold their house and are about to move in with me while they look for a downsized home. Their plan is to use the money from the sale to pay cash for a home near us, and hopefully still have ~$50k left in the bank. Then.... see where life takes them. I think this "plan" seems precarious, at best. I'm scared they'll be right back in the same position in a couple years if I don't help them to get a better handle on their future, but I don't know what to recommend or where to look for guidance. They're mid 60's in age, so there's plenty of years left to account for. What do we need to do?
Submitted April 04, 2018 at 11:42AM by ooohhlalala https://ift.tt/2q4NW4m
