#59

How can I financially prepare for my mother’s retirement when she has no savings at 59?

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How can I financially prepare for my mother’s retirement when she has no savings at 59? My mother is 59 years old and currently earns about $11 per hour with benefits. I have power of attorney over her and manage her finances, which are basically non-existent. She only makes enough to cover her current living expenses, including her $700 per month apartment. I am her only child and I get anxious thinking about her future needs as s…

Reddit Personal Finance 232 2023-09-06

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