What age are you too old to manage your money

[LXEX55]

When you start trusting your brother in law with your money.

 

[Chuckanut]

My father managed his right up to his passing at 87. My SIL is 60 years old. She has mismanaged her finances for just about all of her adult life.

Bingo!

Age is certainly a significant factor in managing our finances, but it is still only one. We all know 40 year olds who, if we gave them $1,000,000 tax free today, in five years we could come back and the money would be gone with nothing to show for it except perhaps vague memories of high living.

And we all probably know some 20-something who already has two rental properties and maxes out her 401k contributions every year.

Then there are the old codgers on this site, who have so much money they can spend hours every week bragging about how they "Blough that Dough".