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The Mortality Club

Money Matters

Money creates choices and maintains options. In doing so, it enables elderly people to be masters of their own destinies. Elderly people without money or assets can have a terrible time.

Think about Shakespeare’s King Lear. Lear decided to dispose of his estate while he was still alive. He assumed that the recipients of his wealth would be grateful and therefore eager to care for him until he died. He decided to gift each of his three daughters a proportion of the estate commensurate with her love for him. He failed to understand that his daughter Cordelia was expressing deep affection when she said, “I love you more than salt.” Insulted by the comparison, he gave all of his assets to the two daughters who played most effectively to his aging ego. Read More 
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