The Motley Fool Discussion Boards
Retirement Discussions / Retire Well on Less
|Subject: helping my mom retire||Date: 1/28/2008 12:07 PM|
|Author: scientista||Number: 1215 of 1742|
I'm a regular on the consumer debt board because I'm currently revitalizing my finances through debt repayment.
This may not be the appropriate board for this question but it seemed to be the best place.
I need help and advice on a serious matter. I'm 26 years old and have been financially independent of parents since age 18. I'm extremely worried about my mother's retirement situation. She will be 57 this year and I am afraid she has very little savings for retirement. Here is a brief synopsis of her financial history:
1. Until about 1990, she was married to my father and was a stay-at-home mom. She never attended college.
2. Parents divorce, mom quickly finds a minimum-wage job to support me and sister.
3. Mom works at same company for about 12 years, gett