The wisdom of financial planning often faces an awkward life reality, and for one couple, which was 50, a strong retirement pension nest egg and valuable houses are not enough to quench the great alarming for living.
A recently published Reddit recording has led to a broad discussion on what it means to be financially safe. Author-Motina, who has left full-time, to take care of two children, one with special needs-a stressful financial paradox.
The family is rich in assets, has more than 1.5 million. USD 401 (K) accounts and $ 550,000 house. However, they are very poor in cash and try to reconcile the end every month, even by reducing the budget reduction and accumulating $ 15,000 credit card debts.
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Recently, financial pressure forced the couple to make a difficult decision. Faced with home repair costs that could not be delayed, they withdrew from the pension account in advance.
“I know it is considered a cardinal sin,” the woman wrote. “But we did it.
Two family experiences also affect women’s mindset. First, her mother died at the age of 64, not following her “significant pension savings”.
Second, her 81 -year -old father, who has more than $ 5 million pension funds, is modest and shows that money “has no interest to use”. He finances his grandchildren’s education, but does not provide cash gifts. The woman is the only child and its only beneficiary and executor.
Her mothers’ inability to enjoy the savings, their father’s untouched riches and the family’s daily struggle, the culmination of the Reddit community: “But more and more I wonder why we emphasize after the devils?”
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The proposals ranged from stopping contributions to the pension account until the debt and home maintenance costs were paid, asking her father to donate an IRS tax limit.
“He can give you and your spouse up to 19 km to you and your spouse.
Others were less sympathetic. One poster stated that they and their partners are of the same age, which is a little less than the original poster, saves pension, but more children – and no one contributes to their children’s education.