Guess he should have been doing that. And maybe she should have been somewhat aware of their financial situation. It sounds like your mom is a product of her own poor decisions.
So she had money to buy real estate but not put in a retirement fund, ok. It also doesn’t sound like “her life savings” as much as it is someone else’s income in the form of rent.
This just circles all the way back to the comment you originally replied to. It’s difficult to be sympathetic to somebody who retires and lives off of somebody else’s hard earned money, as opposed to the person who retires and lives off their own hard earned money.
You’re describing a woman who has lived her entire life on somebody else’s dime and will continue to do so, with their only measurable contribution being to you and your siblings/father. So I understand where your sympathy is coming from and that’s totally understandable. But you have to understand that trying to apply that to people outside of your family means next to nothing to anyone else but you.
How does a housewife save for retirement?
With the money that put a roof over her head and food in her mouth, same as the rest of us.
My dad’s no longer paying anything to her, and he wasn’t contributing to any retirement account for her when they were married
Guess he should have been doing that. And maybe she should have been somewhat aware of their financial situation. It sounds like your mom is a product of her own poor decisions.
She’s doing fine as a landlord, thank you
Well, at least until legislation like this comes to where she’s at, at least. Then the free ride will be over.
It’s not a “free” ride, it’s her life savings
The reason why she was involved with real estate is the beneficial tax treatment for capital gains when selling
The government encourages investment into real estate in the first place
So she had money to buy real estate but not put in a retirement fund, ok. It also doesn’t sound like “her life savings” as much as it is someone else’s income in the form of rent.
This just circles all the way back to the comment you originally replied to. It’s difficult to be sympathetic to somebody who retires and lives off of somebody else’s hard earned money, as opposed to the person who retires and lives off their own hard earned money.
You’re describing a woman who has lived her entire life on somebody else’s dime and will continue to do so, with their only measurable contribution being to you and your siblings/father. So I understand where your sympathy is coming from and that’s totally understandable. But you have to understand that trying to apply that to people outside of your family means next to nothing to anyone else but you.
She was an unpaid maid, cook, gardener for 30 years. I think she deserves to retire at 65
You literally can’t put that money into a retirement fund because she has no earned income