Sometimes The Answer Is Money

By David Geller   |   March 31, 2014

“Old age ain’t no place for sissies,” said Bette Davis, who lived to age 81.  Anyone who has reached old age or who has witnessed their parents age understands the truth of those words.

The harsh reality is that as we suffer the losses that comes with aging, our money is often worthless. Money can’t ensure we won’t contract a serious illness, insulate us from the loss of lifetime friends, or make our bodies function like they used to.

We wish it could, but it can’t.

Sometimes, however, the answer is money. If we are having a hard time driving at night and don’t want to be trapped at home, we can take a cab. If we want to spend some quality time with our children and grandchildren, we can pay for a family vacation. If we want to see an out-of-town friend but have a hard time traveling, we can pay for our friend’s airline ticket to come visit us.

All too often, money can’t solve our problems. But when it can, we shouldn’t hesitate to use it.

About the Author

CEO David Geller co-founded the firm in 1991 and led the creation of Behavioral Wealth Management. Recognized on numerous prestigious "top financial advisor" lists, David is an in-demand speaker for professional groups and JOYN workshops. His writings have appeared in The New York Times, The Wall Street Journal and The Huffington Post.

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