Managing Money for Retirees Is Unbelievably Painful. And No, It’s Not What You Expect.
<p>Here’s why I say what I say.</p>
<p>Firstly, I am the money manager at home. It’s not glamorous, I know.</p>
<p>But hear me out.</p>
<p>By <strong><em>home</em></strong><em>,</em> I refer to,</p>
<ul>
<li>A low 6-digit combined cash account,</li>
<li>6 active <a href="https://medium.com/makingofamillionaire/i-asked-those-in-their-60s-70s-for-real-retirement-advice-heres-what-i-learned-dbd5a7dbb861" rel="noopener">retirees between the ages of 64–76</a>,</li>
<li>And family members expect all daily expenses to be covered.</li>
</ul>
<p>Sounds fun? Yeah, you are probably focusing on the money management and investment part.</p>
<p>That is only 10% of your unpaid day job.</p>
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