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The Ramsey Show Highlights

You Know How Dysfunctional This Sounds?

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 25 August 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.7

Okay, well, here's my situation. I started my job at 19, and I invested in the 401K that the company has,

0:16.7

and I married my husband when I was in my late 30s. And now I'm in my early 50s.

0:23.1

My mom wants to downsize, but she, I want to buy her a house so she could free up the equity in her house and be able to retire because she's in her mid-70s.

0:35.6

And my husband, I want to do it to where,

0:39.5

I want to pull it out of my 401K and buy this.

0:42.8

But I also want to not stir up problems with my current husband,

0:48.7

you know, because he's financially selfish.

0:52.7

He likes to spend the money. He doesn't.

0:55.0

I asked if she can move in with us.

0:57.0

He said no.

0:58.0

I said, let's go find another house big enough for all of us.

1:01.0

He said no.

1:02.0

I said, then fine, I'm going to buy a house for her.

1:05.0

He said no.

1:07.0

And I really want to do this for her so she can retire with her.

1:12.6

She could retire.

1:13.6

I don't want her to have to work for the rest of her life.

1:15.6

So I want to know how I can do this.

1:18.6

If I can pull money from my 401K, put it into her trust,

1:22.6

and then buy the house through her trust so it's protected.

1:25.6

Because I would hate for something to happen to me and then him kick her out of a home that I purchased for.

...

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