We're also kind of reeling from the amount of pure dysfunction she managed to hide from us for so long - so many unpaid debts, so much unopened mail, uncashed checks, etc. We had no reason to think she was NOT contributing to her 401K, and while we knew about the mortgage it wasn't a problem really as she just intended to stay there, and it's not an obscenely high payment or anything. She has two enormous, high-needs dogs that make relocating a very difficult proposition.Īs her kids, we're a bit at a loss. She owes enough on her condo that a sale might just about break even.
She MAY have some other investments that are paying small amounts? We can't tell yet her house was filled with uncashed checks from any number of sources (HSAs, refunds.and some stuff that looked like maybe dividends from SOMEthing, but she has no idea what. She will qualify for some amount of social security, probably in the ballpark of $1700 a month, but that's it. We can't figure out whether this is because she's accessed those funds for other stuff? Never contributed anything? Just never contributed enough? We don't know, and it basically doesn't matter, because it's too late. her 401K has only about 10K in it, despite her working steadily for 30 years. At the same time, she is watching all of her siblings retire comfortably, and now she wants to as well. She is not doing well at her job or her life. However, in the last five years she has had a massive, massive downturn in her health along most axes. (For example, she has been saying her retirement plan was simply to win the lottery, which is made even LESS plausible by the fact that she does not play the lottery.) Basically, she's been in denial and vaguely hoping for/assuming the best. She never wanted to retire, never made a ton of money-always between 40 and 60K in a medium-high COL area-and has at best a reality-adjacent attitude toward money.
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