I have a client who‘s current expenses are depleting her retirement resources at a rate that will leave her outliving her money, and will eventually force her to sell the physical assets she is emotionally tied to at whatever market conditions may exist when the time comes.
She lives alone in a large house where the memories of her prior family life are keeping her from putting it up for sale and downsizing. She also has collector assets worth a relatively significant amount that could be liquidated, but she is not willing to part with them, again, due to emotional attachment.
I know that if she were to take control of her collective capital now, and be diligent about managing her expenses, that I could help her avert a crisis headed her way in a few years.
She knows intellectually what she SHOULD do, but emotionally is not willing to take the actions.
Does anyone have recommendations or effective strategies for helping clients/people through this situation?
Thanks in advance!!
Submitted October 10, 2018 at 04:25PM by fintecktrech https://ift.tt/2A3fWuu
