- Published: Tuesday, 31 January 2017 10:32
Samuel had done a lot of things right to live comfortably in assisted living. He worked nearly 40 years at a steady job, saved something from every paycheck by living a bit below his means, and spent money prudently. Sam was proud of the fact that he and his wife, Shirley, raised three children in a tidy and comfortable home that was full of good times and family memories.
But Sam also could tell that he didn’t have the same grasp of personal finance that Shirley had, a situation that caused him some anxiety since she passed two years ago. Thanks to the sale of their home and frugal nature, the estate had reached the $750,000 mark with investments in mutual funds and an annuity that he didn’t understand fully. Even the basic routine of paying bills by check became something he loathed.