I hope people have had "the conversation" with their parents. There are situations around here where the grown kids thought the house was an asset....they never knew it was reverse mortgaged! And they should be paying for those life insurance policies the parents got years ago. Many of those old policies have a whole lot of value, and it's gone if the folks can't afford the payments.
I wish Economics were taught like it used to be. I've run into "financial advisors" who like to give us old folks free fancy prime rib dinners and then sell us an annuity because we're too feeble to manage our money, or whatever. I always raise my hand and ask one question: "Do you know the rule of 72"? It's astounding how many don't!
The best time to buy stocks Now
The best time to sell stocks Never.