Our mom will probably receive a windfall as she ages. This can be from an inheritance, an insurance policy, downsizing her house, or cashing in a 401K.
She will automatically turn this money over to a financial advisor if we don't know anything about investing.
However, who is in a better position to ensure the family's financial longevity? You or a financial advisor?
Therefore, we need to learn about high-yield savings accounts, savings bonds, 30-Year bonds, and high-yield bond reinvestment.
Once mom determines what she wants for her legacy, we can work toward implementing a plan for her estate and her cash flow.
Yes, this may be out of your comfort zone. But the sooner you get good at talking about money, the sooner your mom opens up about her desires. Good Luck!