Emma's Wedding presents yet another example of poor parental estate planning. Emma's unfortunately deceased daddy had sufficient money, but then unwisely invested in....a computer company! How dumb can you be? Computers? In Neeldom? Yeah. Computers. He sank the family 401K into risky investments. Regrettable, to be sure, but my question doesn't revolve around his bad financial decisions. Mummy Dearest wigs out at the thought of being poor - and yet....she refuses to consider getting a job herself. She's never worked before, so why start now?
Imagine yourself, age 50ish, no work experience, no training, and a powerful urge to not be hungry or homeless. What would you do?