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The Moneyist is like a Dear Abby for peeps with money problems (if the posts are true.) Figured I'd start a thread where people could post some of this stuff. Strickly entertainment. Some of this is hysterical.

I borrowed $20,000 from my mother in 1996, but only repaid $5,000. She deducted the entire loan from my inheritance. I need that money. What now?​

Dear Quentin,



When we sold our late mother’s house last year for $600,000; the equity was supposed to be divided equally by us four siblings (around $146,000 each). In 1996, I borrowed $20,000 from my mother interest-free to help buy my condo. I promised to pay her back in two years.

I managed to pay her back $5,000 in six months. But I made terrible decisions in my finances and I lost my high-paying job. My budget couldn’t afford to pay her back. I was terrified to tell her. She was extremely angry at that time, so she deducted $20,000 from my inheritance.

Long story short: I defaulted on mom’s loan. When mom made out her will, she produced my letter from 1996, which stated that I did not repay the loan. This is the only evidence of the transaction. I want to have the CPA redo the taxes to show that I paid part of the loan off.

When I called my sister, mom’s power of attorney, she was so upset. She said “F— you, never talk to me again!” I was shocked! She has never talked to me this way in 75 years. I understand her anger because this is a mess and she’s a hero doing such a wonderful job as a POA.

More:

 

I lost $240,000 after a ‘friend’ I met on Instagram encouraged me to invest in crypto. Can I write off my loss?​

Dear Quentin,​

Over the past six months, I was crypto scammed. I just retired and lost $243,000 that I don’t think I will ever see again. I have reported the company to the FBI, Federal Trade Commission, and a few others. Some of the money was from a SEP IRA. Is there something I can do at tax time so I don’t have to pay taxes on it?

When I first started “investing,” the person helping showed how easy it was to get money back out which we did. This operation got “interesting” when I was informed that if I put in a total of $150,000 I would start the VIP treatment and would get tax-avoidance help, among other things. The company will not allow me to withdraw the money I have put in.

I was helped by this individual to invest in crypto futures. The person “helped” me by adding $40,000 here and $40,000 there to boost my money-making ability. The last time I added another $100,000. It’s a long story but in a nutshell that is the “help” I received. I tried to pull money out and the crypto company said the government thinks that I am laundering money.

They now say I need to pony up $150,000 — 15% of my “profit” — to pay taxes. The company said this would be reimbursed so I would not lose any money. I stopped right there and contacted the FBI and FTC. Now the crypto company is saying if I don’t pay the money soon my account will be frozen! I have not written back.

More:

 

‘Things have not been easy for us’: My sister is a hoarder and procrastinator. She is delaying probate of our parents’ estate. What can I do?​


Dear Quentin,​


I’ve been reading your articles for years — and now I need help.

I am in my early 50s, divorced and working full time, and have been raising my only child, a teenage daughter, alone for the past 12 years. My daughter is estranged from her father, who pays child support. We live in Connecticut.

My parents are both deceased as of last year. I moved out of the family home 34 years ago. I have one sibling: a slightly older sister who never moved out of the family home, never went to college, never married, never had a driver’s license, and has no children. I don’t believe she has ever had to pay rent.
My parents, my sister and I are civil servants with pensions. My sister has done quite well with a high-school degree, and is already eligible to retire. Her job gives her a lot of time off, including holidays and the entire summer.

More:

 
I read some of these headlines on the Marketwatch news feed (on the PMBug News page) and just shake my head. No way they could be true. But then I remember how dumb people can be. Yeah, they could be true.
 

‘I’ve sacrificed my career’: My husband and I may divorce soon, but he will inherit $1 million. How do I make sure I get half?​


Dear Quentin,

I have been married for eight years. My husband and I have had our ups and downs, as most married couples do. We got married young — he was 26 and I was 25 — which was probably not the best idea, as we had only known each other about a year and a half. We’ve both changed, not always for the better, and we’re now very different people.

We have one child. I’ve sacrificed my career and have shouldered most of the responsibility for our child, working part time for a while. He plays golf. I stay home. He gets a promotion. I take our child to birthday parties and after-school activities.

‘Do I hang on until he inherits this money? Don’t I deserve some of this inheritance at least? I would like to start again with some kind of security.’

We are so used to being in an unhappy marriage that it has become our way of life, our normal. We’ve talked about the future, and we’ve talked around the fact that we may have a future separately, and I have privately thought a lot about divorce. If I’m honest, I have not been happy for more than half of the time we have been together. Having a child two years after we got married merely put us in a holding pattern.

More:

 
Sounds like the wife needs an attitude adjustment.
 
Need a laugh? Here ya go.................

‘I live in a slum’: My ex-husband knocked down, then rebuilt my home and left it in foreclosure. Now he refuses to pay alimony.​

Dear Quentin,​

I will try to condense this but it has been going on for 15 years. I married a man who had never owned a home and had no financial sense. I owned my home from the time I was 23 and also had my own small business. He and his ex-girlfriend had lots of debt, and I refused to marry him until they handled it. Both declared bankruptcy.

We lived in a house I owned before our marriage for 15 years when he decided that, as he was a construction manager, we should build a new home on the property. The recession hit in 2008, and we barely got the house built. We knew he would be laid off. He had been making $70,000 to $80,000 a year, and I had been doing well selling collectibles.

He bought a sports car, RV, a boat, scuba gear, had a bunch of dental work done, and God knows what else (he did not tell me about everything). He had also had a heart attack and was in and out of hospitals for over a year. He woke one morning and announced he was done. We had been married for almost 20 years, and he had just built a new house the year before.

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Poor chic.............needs to find better boy friends.

I’m Afraid My Boyfriend Wants Me To Financially Support Him​

Apr 30, 2024 The Ramsey Show Highlights


8:29
 
This one is a bit different. Here we have Andrea wondering if she's just a paycheck.

I make the money, and my husband handles the kids and housework. I've wondered if I'm just a paycheck — it's tough being the 'second choice' parent.​

  • Andrea Mac, a growth strategist, shares her experience as her family's sole financial provider.
  • Her husband left his job to become the full-time caregiver for their four children.
  • Mac sometimes grapples with the value she brings to her family beyond money.
This as-told-to essay is based on a conversation with Andrea Mac, a growth strategist at Prequal from the Greater Chicago area. It's been edited for length and clarity.

My husband handles 90% of our home life while I earn 100% of our family's income: I'm the family's breadwinner. While this is the right dynamic for us, my doubts creep in when things get imbalanced, and the parent/provider pendulum swings too far to either side.

For the last seven years, my husband has been a stay-at-home dad for our four children — ages 19, 14, 7, and 5. He used to have a full-time job as an electrical project engineer but left it when our third child was born, and my maternity leave was ending. Since then, I've been able to build a business that made just under $550,000 in 2023.

More:

 
:lmao:

‘His retirement benefits will be larger’: My first husband was wealthy. Can I claim his Social Security even if I married and divorced twice?​


Dear MarketWatch,

Iwas married to my first husband for 23 years before we divorced. I remarried but was only married for nine years before divorcing husband No. 2. He was quite successful and I know his retirement benefits will be larger than my own. I am confused on this point — a friend stated that I would be entitled to survivor benefits. I am planning on retiring at 67, my full retirement age.

Am I able to collect any benefits from husband No. 1?

Read the answer:

 
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