4.6 • 682 Ratings
🗓️ 7 July 2025
⏱️ 9 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.0 | I have two in-laws who I love dearly. They are both in their mid to early 80s. |
0:14.0 | My father-in-law about a year and a half ago was diagnosed with cancer and a |
0:20.0 | multiple multitude of other things. |
0:22.5 | He's in very ill health. |
0:24.4 | My mother-in-law is in fantastic health. |
0:27.3 | And the situation is this. |
0:28.9 | They have been married for 60 years. |
0:31.2 | They both had very well-paying jobs, built up a really nice nest egg, probably to the tune of several, how I want to say, |
0:39.4 | maybe $3.5 million. |
0:41.2 | Okay. |
0:42.3 | And my mother-in-law has never been responsible with money. |
0:45.8 | My father-in-law has always been the one to handle the bills. |
0:48.0 | They are debt-free doing well financially. |
0:53.5 | And when my father-in-law went to the hospital about a year ago, |
0:58.0 | he decided to go ahead and give my mother-in-law access to her retirement account, |
1:02.7 | thinking that he didn't have much longer. She drained it, giving it to an online scammer. |
1:09.8 | Wait, three to four million? |
1:12.4 | Well, no, no. |
1:13.5 | There's several accounts. |
1:14.8 | The one that he gave her access to was three-quarters of a million. |
1:18.3 | Okay. |
... |
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