Last week my husband and I joined a Zoom call with my mother and her financial advisor. It was an annual call to go over my mom’s needs and goals in the coming year. My husband and I are my mother’s partners in her financial decisions.
Up until five years before his death, my father handled their household financial affairs. It was at that time that my mother asked for some help. We chose the financial advisor my sister uses. Since then, the advisor has invested my mother’s money and managed her Required Minimum Distributions.
This is but one part of a much larger set of financial choices and actions my mother must take, but according to her, it was the one she was least equipped to handle.
As an almost 90-year-old single woman, she still has a lot of responsibilities.