Oh, yuck, Tradd, that's awful. Glad you wrote her back.
Oh, yuck, Tradd, that's awful. Glad you wrote her back.
She didn’t really say. Pretty much just they were having a hard time due to covid.
I've watched my in-laws do this. SIL and her 3 kids got damn near everything they ever saved. At 81, FIL still works full-time and at 80 MIL works intermittently. Hubster was called by FIL and told about the brand new 30 year mortgage on the home they'd lived in for 40 years. Now, you don't do that if you don't need cash. Hell, they are still on that builder grade carpet from 1979 and it feels like walking on plywood and looks worse.
We've never been asked for money by any family on either side. That said, we do pay attention to what is being said. We've bought a plane ticket here n' there. We've given really nice gifts here n' there. Anything that goes out is a gift-we would never expect to be paid back.
Bottom line: Don't make distributions you can't afford and don't sacrifice your future for others. This Dutch immigrant was raised to take care of herself and share what she can!
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