Story Comments

Annamaria,

Ignore the sports guy - it must be hard being perfect - you article provides valuable insight. I think your readers will also enjoy the Retirement Advice section at www.financialtales.com

Please purchase life insurance on your elderly parents before they reach age 70. My husband and I were forced to pay $8,000. for my father-in-laws funeral. At 90 years of age in took out a car loan and never saved any money for his funeral or for his wife. He never even planned for the reduction in social security that would occur when he died. We are now sending our mother-in-law $500. a month. She wants to live at home but she really can't afford to. She cries if we suggest selling her home and living in an assisted living facility which she could afford if the home is sold. The house is in trust for her daughter who contributes nothing. I don't want to continue to pay...we have always saved out own money and I don't feel responsible for two foolish adults who made poor choices. I wish that I had bought life insurance on both of them. We will have to pay for her funeral too. This is too much!! Buy some right now...include funeral expenses and some cash for future expenses.

It's a Good Start for a REALITY Check.. especially for WOMEN .. who just 'Don't Want to Talk about it' until it hits them and their Husbands/ Family in the face.... My Neighbor who works for Social services in our County tells me stories like this all the time..Sb Emailed to everyone over age 55..

I think it's informative. There's a lot here that I didn't know. Thanks for the advice.

Very poorly written article. No information other than some general things, I think most already know more than was written here.