Her niece makes six figures. Her sister thinks this makes her daughter wealthy —and she requests money from her often.
SlatePay Dirt is Slate’s money advice column. I’m not saying it’s right, but people often get ideas like this about money that can warp their logic. Once you understand where she’s coming from, even if you don’t agree with it, you can better advocate for your niece and probably get through to your sister as well. Dear Pay Dirt, * Your letter signoff Your pronouns Your email Submit Dear Pay Dirt, Like a lot of financial rookies, I opened an Individual Retirement Account, set up an automatic monthly contribution, and didn’t realize until much later that you then have to choose where to invest that money. To give readers a little background, it sounds like you did all the right things—opened a retirement account and scheduled automatic savings from, let’s say, a checking account.
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