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The Ramsey Show Highlights

Husband Spent Our Retirement Behind My Back

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 29 January 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by CHM, a biblically based alternative to health insurance.

0:06.3

Learn more at CHMinistries.org slash budget.

0:10.0

I've been married for almost 30 years, and I'm 62 years old, and so is my spouse.

0:19.6

After we had children, sort of the division of labor, if you will, was I took care of everything but the finances.

0:27.6

I took, you know, the household, the children, everything.

0:30.6

And he was to pay the bills and has done that all of these years.

0:40.9

Unfortunately, I've recently learned of some pretty catastrophic, devastating financial information that, well, he's had three huge job losses.

0:49.1

They were all well-paying jobs. He did invest in the 401k. I'm not, I've never been sure about how much was in there. I think

0:58.5

it might have been, maybe $170,000. It's gone. Each time he's had a job loss, it's been a two or three

1:06.7

year gap in between because he refused to take anything other than an upper management position.

1:12.7

And I've learned he's spent retirement savings. During those years to keep you guys going.

1:19.4

What did you think he can I just ask when those timeframes were happening, where did you

1:24.6

think the money was coming from? Well, I asked him, and to be

1:30.5

frank, he's got a lot of major management issues. I've always pressed to try to have a household

1:38.6

budget. I was debt-free before I met him. I had accumulated $30,000 in retirement myself. And any time I would press it,

1:47.1

I became fearful because he would get terribly angry. But if you had to ask yourself, where did

1:53.6

you think the money was coming from? Did you have something in your heart that you thought,

1:57.4

oh gosh, we're probably on credit cards or we're probably on. Yeah.

2:01.4

Yeah, in my heart for sure.

2:03.2

But he just kept saying, quote, relax, quote, everything's fine.

2:08.0

Don't nitpick me.

2:09.9

We're fine.

...

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