How are you prepared for what will happen if your aging parents run out of money? What happens if you run out of money and you don’t have enough to pay the bills each month? How would you feel? How would you cope? How easy would it be for you to go back to work? What would your options be to raise money in old age?
A financial wake-up call will scare the living daylights out of you. Running out of money, or not enough money is an expression we hear quite a bit these days. I will bet you know someone in that position. This is becoming more prevalent as more and more Baby Boomers move into retirement.