My mom is 53 years old and finalizing her divorce. She is getting upfront 75k, in 6 months the remaining 225k. She has virtually no debt, pretty good credit but no financial sense. She needs to buy a house and start a retirement (because she has nothing put away for retirement). What products and plan of action would you consider moving forward?
Here are the numbers:
Annual income: 31,500 House: 180,000 (she is looking for a house in that amount) Age: 53 Divorce settlement: 300,000 No retirement set up, no debt, good credit.
In the event of any emergency I will be there to help, I’m looking at numbers so she can be self sufficient and set for success.
Submitted September 26, 2018 at 11:05PM by Squiirtle https://ift.tt/2N4Z7Th
