This is a borderline r/relationship issue for me because the heart of this issue is that my mom and I just do not see eye to eye on literally anything. But please read on, I need some help.
My mom is in her late 50s. She lives alone in a city where she doesn’t know anyone and is 1.5 hours from her nearest family member (me). She was a non-traditional student, graduated at 35, and has made a successful career for herself. She makes 6-figures in a LCOL area. And she’s terrible with personal finance. She lives paycheck to paycheck, pays minimum balances in credit cards, buys brand new cars every 2 years, has moved 20+ times in my life, and has very little retirement savings.
She is hellbent on retiring as soon as social security kicks in. She will then be living off SSA and a small amount from her 401k. Based on what she’s told me, she will be “comfortable” but I don’t expect her to have any money for hobbies, travel, etc.
She’s capable of working well through her 60s. Her work can be done remotely. She has several highly sought after certifications. She is healthy. I believe she should keep working, at least part time, for her mental health and physical well-being.
Does anyone have any suggestions or resources for how to talk to her about this? Or am I way off base here? Hard truths are welcome.
Submitted June 04, 2023 at 05:01PM by coffeeforutility https://ift.tt/nDSwHBP
