My parent’s retirement

Office Hours
#1

Hi @Jeremy parents are retired, they aren’t good with money and they live w me bc they can’t afford to be on their own. They have 75k in a retirement account and want to cash it out. They have debt (credit cards and a car).

My question is, is it a good idea for them to cash out their retirement? Or should they leave it in there? They spend so frivolously. They have no real goal when it comes to finance :pleading_face:

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#2

Hope this one gets included in tomorrow’s PFC Hour

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#3

I’ll cover this in tonight’s office hours (1/13/2021) with the recording available afterwards on the course site!

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