My brother and I inherited some retirement accounts from Dad, and we can't agree on whether to cash them out to help with current expenses or leave them invested for our own retirements. He needs money now for his kids' college costs and I'm behind on retirement savings, but we both feel guilty about touching Dad's money.
More people experience this than they realize.
An inheritance becomes a test of competing immediate needs against long-term security, complicated by emotional loyalty to the deceased.
“Where Are You with Money in retirement — making it last?”
If this sounds familiar, the Library can help you find the bigger picture.