Latest / Scott & Ally on Demand / Husband helping Broke Mom 2

Transcript

Husband helping Broke Mom 2 · Scott & Ally on Demand

• 0:01
  SPEAKER_00: Sean does give solid advice on the subject we were just talking about.
• 0:05
  SPEAKER_00: The woman who called and said, Hey, my excuse me, my mother-in-law is not the most financially stable person.
• 0:12
  SPEAKER_00: Husband had died.
• 0:13
  SPEAKER_00: And now my my husband says, I'll help my mom.
• 0:16
  SPEAKER_00: And I think that's you're gonna want to.
• 0:18
  SPEAKER_00: Of course you're doing it.
• 0:19
  SPEAKER_00: But then there's a lot of things.
• 0:19
  SPEAKER_01: Well we're not talking helping her make sure the lawn's mowed every week.
• 0:22
  SPEAKER_00: No, this is just financial help.
• 0:24
  SPEAKER_00: And and she said something, you know, I don't want to stretch us and our future by helping his mom.
• 0:31
  SPEAKER_00: So where do you draw the line on this?
• 0:32
  SPEAKER_00: And I think Sean gives some solid advice.
• 0:35
  SPEAKER_00: It doesn't fix everything, but it's a start.
• 0:37
  SPEAKER_00: He says they should talk to the office at the aging.
• 0:39
  SPEAKER_00: Yeah.
• 0:39
  SPEAKER_00: That's gonna help with some of the, you know, medical stuff.
• 0:44
  SPEAKER_01: That might help you make a plan.
• 0:46
  SPEAKER_00: Right, right.
• 0:47
  SPEAKER_01: And there's other things that they something mom wasn't really good at her entire life or her husband's life.
• 0:52
  SPEAKER_00: Mm-hmm.
• 0:53
  SPEAKER_00: And then this one came into our text line saying on that subject of the mother-in-law, I think she should still work at least part-time.
• 0:59
  SPEAKER_00: Most elderly people are still working.
• 1:01
  SPEAKER_00: Sure.
• 1:02
  SPEAKER_01: I mean, if she's in good health, that's a smart move.
• 1:05
  SPEAKER_01: Do something.
• 1:06
  SPEAKER_01: Yes.
• 1:06
  SPEAKER_01: Um, I've said this for years with people that retire.
• 1:09
  SPEAKER_01: You see somebody retire and they're like, Well, I'm not doing anything, and then they're dead in a year.
• 1:13
  SPEAKER_01: You know, it's like, no, keep yourself busy.
• 1:15
  SPEAKER_00: Yes, and I know it seems so invasive to start putting a handle on your mother-in-law's finances.
• 1:21
  SPEAKER_00: Why, though, when she made no plans and has nothing, exactly.
• 1:25
  SPEAKER_01: Except for the social security that's coming in.
• 1:27
  SPEAKER_00: Right.
• 1:27
  SPEAKER_00: And that's exactly why you have to have your hands in there.
• 1:32
  SPEAKER_00: Because if not, you guys are gonna be paying for everything, or she's gonna be homeless.
• 1:36
  SPEAKER_00: That's what I think.
• 1:37
  SPEAKER_01: Or you're gonna have to sell her house, and whatever profit comes for that, she's living with you.
• 1:42
  SPEAKER_01: She's living with you.
• 1:43
  SPEAKER_01: And maybe, maybe that's an option down the line, you know, if she gets maybe of not good health.
• 1:49
  SPEAKER_01: Right.
• 1:50
  SPEAKER_01: But it sounds like this mother-in-law is in pretty decent condition.
• 1:54
  SPEAKER_00: But making not great financial choices.
• 1:56
  SPEAKER_01: Right.
• 1:56
  SPEAKER_01: And listen, can I also say this?
• 1:59
  SPEAKER_01: You don't have to go into your late years with millions of dollars, you know, uh set aside for after you go away, like Allie's parents.
• 2:08
  SPEAKER_01: Um that's just overly prepared.
• 2:11
  SPEAKER_01: You just need to have uh a little bit of a plan.
• 2:14
  SPEAKER_01: I am watching this unfold right now in my house with Tiffany's mom, who had no plan.
• 2:22
  SPEAKER_01: No plan whatsoever.
• 2:24
  SPEAKER_01: Now she passed.
• 2:25
  SPEAKER_01: She's not alive and needing help still.
• 2:28
  SPEAKER_00: Right, but then you get the wonderful job of paying bills that, you know, might have been uh an old NISEG bill or a phone bill or whatever.
• 2:36
  SPEAKER_00: Things that you aren't expecting to pay either, then I'm sure you're robbing Peter to pay, Paul in your own household.
• 2:41
  SPEAKER_01: Well, and you know, eventually it may end up working itself out where, you know, once they figure out like a retirement or whatever is sitting out there that was never arranged properly, uh, you know, then okay, that that that may come back.
• 2:56
  SPEAKER_01: But you're right.
• 2:57
  SPEAKER_01: I'm sorry, I live in I live in a world where, you know what?
• 3:01
  SPEAKER_01: I gotta pay NISEG this month and next month and the month after, and I can't wait for six months for that money to come back.
• 3:08
  SPEAKER_00: I gotta, I gotta give a little shout out for something that I just saw, and I'm really interested in this too, is because you had just said that you're kind of going through this with Tiffany's family.
• 3:18
  SPEAKER_00: There's something at the Clemens Center, let me find it.
• 3:21
  SPEAKER_00: It's next month, it's in November, and I know you're dealing with some stuff right now, and so is this listener, but it's called I'm Dead.
• 3:28
  SPEAKER_00: Now what?
• 3:29
  SPEAKER_00: End of life planning QA session.
• 3:32
  SPEAKER_01: You never know really what to do.
• 3:34
  SPEAKER_01: Right.
• 3:34
  SPEAKER_01: I mean, for Tiffany's family, that's not gonna help.
• 3:38
  SPEAKER_01: But uh for everybody else.
• 3:40
  SPEAKER_00: But this woman that just called, and for everyone else, even for me, I mean, not that I make anything, but uh, shouldn't I have some sort of plan so you can you can reap the benefits of my paycheck, Scott?
• 3:52
  SPEAKER_01: I just was gonna I was gonna complete uh I was gonna commit complete fraud and just basically say you were still alive.
• 3:58
  SPEAKER_01: Right, and I'm one of your 28,000 vacations, and I was gonna just say play old clips.
• 4:04
  SPEAKER_01: Yeah, play old clips.
• 4:05
  SPEAKER_01: I gotta laugh at you somewhere.
• 4:06
  SPEAKER_01: Right.
• 4:07
  SPEAKER_01: And uh I'll just I'll be like, yeah, keep paying her, but the direct deposit actually goes to my direct deposit.
• 4:12
  SPEAKER_00: She got a new bank account.
• 4:13
  SPEAKER_00: Yeah.
• 4:14
  SPEAKER_01: I I just figure, you know, I mean, listen, if all these people can, you know, steal food stamps in bath every single week and I see 'em on the news, then I'm I'm gonna be able to go a good eight months of collecting your paycheck, just saying.