Hosts George Kamel and Rachel Cruze guide listeners through real-world financial dilemmas. They discuss the emotional and practical sides of paying off a child's mortgage, the tax implications of buying a parent's home below market value, and the unexpected feeling of anti-climax after paying off a mortgage. The episode also addresses the emotional fallout of financial elder abuse, where siblings bankrupted a parent, and a student's fear of being forced into student loans as college funds run out.
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Highlights
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The Mortgage Payoff Anti-Climax
A caller had paid off her house but felt less of a sense of freedom than she expected.