Q. My daughter started her own business and made some good investments with her money, and became very successful. She recently told me that she wanted to transfer assets to my name to assist me with my living expenses, but she wants to give me a brokerage account with stocks worth much more than I ever see myself needing. She’s also talking about gifting me a rental property that would help provide me with extra monthly income. I don’t really think I will need all this extra monthly income (unless I have to go into assisted living or a nursing home), but my daughter says that even if I don’t need it, it would help her reduce her income taxes that would otherwise need to paid. I trust my daughter, but I don’t understand how any of this works, or whether this is a good idea. Any light you could shine on this topic would be greatly appreciated!

Dear Angel,

Everything is so expensive these days. It seems like most items in the grocery store are up by at least 10% in price, and gas seems to have gone up 30% or more. As someone who lives on Social Security, I’m having trouble affording food and gas. What are some strategies for coping with inflation for seniors?

Thanks so much!

Mo Munnee