B
balat
Guest
I am looking at retirement. I am 52 and my spouse doesn't work. We have no children. We have enough to cover our own needs with some, but not a lot, left over. Our problem is that we came from humble beginnings and our relatives live financially on the edge. There is a brother that goes from job to job, has no assets or savings, and often needs to be bailed out of trouble. Fortunately, this doesn't involve a lot of money. There is a sister that has a long time job, but it pays very little and she lives paycheck to paycheck. We are now having to help her with a divorce from an abusive husband. This is costing a lot of money because we likely will have to pay him his equity in their home as she does not have the ability to service a larger mortgage. The home isn't fancy. How do you budget for these things? Anyone have a creative ideas on how to deal with these disparities in a family? Or is it as simple as having to decide whether to work more years to support more people or be tougher on them. We did draw the line on bailing out nieces and nephews.
Maybe there are no answers, but anyone have similar experiences that you managed to muddle through?
Maybe there are no answers, but anyone have similar experiences that you managed to muddle through?