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Thanks for the link. Sadly, financial ruin happens a lot to entertainers and sports figures. A number of them aren't very well educated. They don't know how to manage their assets or how to make a budget and live within it. Many entertainers come from poverty and have little to no education, but even athletes, who presumably graduated from college and thus should he better educated, make the same mistakes. They feel the need to live high on the hog because they believe the fans expect them to. And they feel obligated to support family and friends, often giving them meaningless but well paying jobs (house sitter, dog walker, etc.). That's wonderful at the height of a celebrity's career, but what happens when that career is over?

Ms. Warwick has or had a financial manager. All well and good if you find an honest, competent one. But what if you don't? A good manager would have invested her money well and put her on a reasonable allowance. But Ms. Warwick herself should have kept tabs on her money and the manager, making sure that the manager was handling her finances in a sound manner and if he did recommend altering her lavish spending, she should have listened.

Ms. Warwick is in her 70s, hasn't had any major success in decades, plus her children are grown and on their own. She should have retired, downsized and uncomplicated her life years ago. She has no one to impress anymore. She could have lived well in a nice condo or an upscale senior community for a lot less than what she was spending. Foolishness on her part.