I have been a teacher for 6 years. I have always wanted to stay at home with ds - but never could afford to. Last year i was almost laid off - this year the same - for budget reasons. i was so excited to get to stay at home and collect unemployment but both years it has fallen through at the last second. I was talking to my mom about it last year and she tells me that she could give me 10 grand if i wanted to use that for bills and that i should cash out my retirement to pay for the rest of the expenses for the year. sounded too good to be true.. but now it makes sense. my lil brother just got married. he has been mamas boy forever, she always helped him with $$ and expected to control him with it. Now he has finally moved out of her basement (lol) and she is single. She called today saying she isnt giving me the money until i do an accounting on all the bills i expect this year, what... (cont)
Answer by regian19832002 at 12:42 AM on Aug. 16, 2010
Answer by Austinsmom35 at 7:19 PM on Aug. 15, 2010
Answer by aliceinalgonac at 7:37 PM on Aug. 15, 2010
Answer by MyAngel003 at 7:21 PM on Aug. 15, 2010
Answer by DigiScrapperMom at 7:22 PM on Aug. 15, 2010
Answer by missingruth at 10:49 AM on Aug. 16, 2010
Answer by JGRIMMER at 7:23 PM on Aug. 15, 2010
Answer by elizabr at 7:27 PM on Aug. 15, 2010
I would not cash out a retirement unless there was a Major Financial hardship. Your retirement is there for your future! You most likely will not be able to live just on just Social Security when you are older, then what? I am sure you make more than $10,000 per year teaching but if she wants to give it to you then fine but Do Not cash out a retirement. That money keeps appreciating & gaining interest through the years. Why not take a leave of absence or substitute teach or tutor on weekends or evenings? I am really surprised your Mother would recommend to cash out your retirement. That is THE LAST thing you should do.
Answer by ILovemyPaulie at 7:28 PM on Aug. 15, 2010
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