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The Moneyist: Mother’s Day dilemma: My daughter bought a home for me, but now she needs cash and refuses my help

Dear Moneyist,

I moved from Mississippi to New Orleans a year ago. I sold my house (at a loss) and bought a house that was more than double the cost I had sold it for.

I am divorced from my husband after 40 years. He passed away three years ago. He was a hard-working man who invested well and made a large sum of money. He managed my accounts and stressed the importance of not spending more than my dividends on my investments.

My daughter lives in New Orleans and I moved to be closer to family. I am in good health and active, but learned after her father died that I needed to look down the road at the prospect of aging and decline.

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