I meant to say “adult”, but he will always be my baby.
Son- 38 years old His Savings- 165k No other accounts other than checking and savings
Hello,
I am 70 years old so I may be a bit rough around the edges when it comes to using this platform. My son, who currently resides with me and my husband, has accumulated a great deal of savings and is now ok with the idea of investments. I’m wondering where we can put his money so that he can live off his dividends when and if he loses his job and we have pass away.
My son is autistic with the additional diagnosis of schizophrenia. He’s been on and off working at our local grocery store and we’re proud that even though he has his challenges, he’s able to accumulate that amount of money.
We’re thinking IRA and do plan on talking to him about maxing out his 401k but what else can we do to ensure he has a good life after we’re gone.
Submitted January 11, 2021 at 04:58PM by hellohellobonjovi https://ift.tt/3nvqRCQ
