I’m Fighting a Losing Battle

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[@tjmichael8773]

it was a mess decades ago. this is now unrecoverable.

[@OhioStateBuckeyefanstuckinMI]

At 71 with that much debt I would just say screw it and live out the rest of my life in peace and not worry about it. Busting my ass at that age for potentially a few years of being debt free isn’t worth it.

[@ihaveadreamformykids4400]

True, once he dies or the daughter dies, the loan gets discharged.

[@DoctorSmartyPants]

​@@ihaveadreamformykids4400You mean after both he and his wife are deceased. Has nothing to do with daughter.

[@DoctorSmartyPants]

And if the caller would do the math, which I doubt he has ever done, he would discover that there is no way that two low income earners are going to pay that off in their lifetime.

[@shannonrose4916]

The crappy part is the government is just going to garnish their social security with that parent loan.

[@Executor009]

At first glance that would be a very good option, but upon closer inspection you can see that dealing with their problems in an adult manner, that is getting his marriage on track and having a plan to deal with his problems in general, it would lead to a more fulfilling life for what is left.

[@ruhhshelle]

That woman (and her kid) are absolute nightmares.

[@chrisconsorte7893]

Think I am divorced without children!

[@barnabusdoyle4930]

The daughter is about to be stuck paying that loan down. It really doesn’t seem like they are going to be able to keep this up for long

[@TheSoulCrisis]

@@barnabusdoyle4930Someone is definitely getting stuck with it cause the dogs of the government don’t let go of this bone! They should have instilled a sense of integrity and respect in her before it got to this stage, although they should not have signed up for any parent plus loans anyway. I would tell my “theoretical” kid to get a scholarship or work to earn that money first if they just had to have it, cause no way am I digging my financial grave on it.

[@kiki11974]

The problem is due to the father NEVER putting his foot down. This entire situation could have been avoided if they were real parents

[@ruhhshelle]

@@kiki11974 I agree. Weakness on both the parents' side

[@johnnyram975]

Dave needed to take this call

[@Minimalist-Lifestyle]

💯% ... I really think George and/or Ken needed to explore selling the house. They might be able to clear all the debt and most likely avoid bankruptcy. They would be condemned to renting for the remainder of their lives, but it sounds like pensions and SS might just be enough to scrape by on.

[@randalljohnson2009]

Dave is glad he didn't take this one.

[@djlowtek]

@@drc3po The daughter is a product of her environment. The wife is a controlling spender with zero responsibility, the husband is a pushover.... and the daughter learned it from her mom.

[@RPisa2416]

Dave needs to clear house and just take all the calls.

[@romeoj30]

Dave would have just shammed the guy for not taking great care of his family! Then tell him to actually find 2 jobs to clean up their mess!

[@fauxbro1983]

"Our daughter went to a private school in new york." Yeah all you need to know

[@black4vcobra]

Yup, parent plus loans are a bad idea. Parent plus loans for a private school should be COMPLETELY off limits under essentially any circumstances.

[@jasonleatherwood2172]

Lol instantly ruined her future by making her a liberal pos

[@kbanghart]

​@@black4vcobraunless nepotism.

[@MrHelipilot24]

Bet all those CC are from the wife !!!!!

[@toddhill1465]

The only way either of my kids would go to a private school is if they had a free ride scholarship. Even then I'd exert veto power over it if the curriculum or campus culture don't meet my standards.

[@JasonBlaha66]

So this guy is 71.. it’s incredible that he didn’t look at the writing on the wall by age 45.. heck even 50-55 and realize they were in trouble. This didn’t happen over night

[@adamseidel9780]

Or 60. Or 65. Or either time the student loan went in forebearance. It wasn’t until just now, when he already has $70,000 in credit card debt, that his furnace went out and he finally realized he’s completely out of life lines. Yeah, the wife made the worst decision, but he’s made little bad decisions for many many years and buried his head in the sand to avoid acting. He’s also entitled, but in a different way.

[@patty109109]

Yeah, sad story because honestly it’s too late for him. The window has closed. That’s just being real. Nobody can help him now.

[@autumnlange1220]

God bless that poor old man. His wife and daughter ran him into the ground all his life. He is so beaten down I believe it’s too late for him. His wife and daughter will team up against him and ruin his life if he finally stands up to them. Thank you for your service to our country sir 🇺🇸. You deserve so much better. Prayers for a healthy resolution

[@doctorposting]

you can’t blame a child. hes a grown man, take some responsibility for being dumb

[@buyhighsellhigh240]

I wish Dave was on this call 😂

[@FortuneSeek3rz]

You're never too old to get a divorce.

[@ivar1998]

In the midst of insurmountable debt you think it'd be wise for him to make it even worse by having to give up half his shit

[@FortuneSeek3rz]

@@ivar1998 At this point half of zero is still zero.

[@BusArch42]

@@ivar1998he would be giving up all of the parent loan. She signed it not him

[@ganymedehedgehog371]

@@ivar1998give up what? They have almost nothing and the wife took out a monstrous loan. A divorce is better than this.

[@tbone8636]

@@BusArch42, maybe you should take out a student loan for community college so you can learn a thing or two about marital laws, specifically surrounding debt. Here is a free lesson... all marital assets and debts are joint.

[@michaellightbown9492]

Paying for your kids college is great if you can afford it. Insanity if you’re already in the hole.

[@jimroscovius]

Agreed!! We paid for most of our kids' private college, in Iowa, with cash. The kids paid for some, with savings and working, and they each borrowed a small amount. If we couldn't have afforded it, we wouldn't have done it.

[@HOLDXSTEEL]

@@jimroscoviusdamn must be nice to be able to do that

[@jimroscovius]

@@HOLDXSTEEL We saved from the time they were born. Plus, we both worked.

[@taurusthebull76]

If I had to guess, most aren't financially fit enough to pay for their kids' education, unfortunately.

[@jimroscovius]

@taurusthebull76 They could be, if they saved for it. Or, if they can't afford it, they don't go. Or, they work their way through college. My wife worked three part-time jobs while going to school full-time. Later in life, we each got second degrees while working full-time. Work at a college, and your kids can go for free or reduced tuition. There are lots of ways to cut the cost. Go part-time while working fulltime. It doesn't have to be expensive.

[@FreeAgent797]

I cant believe how insensitive the daughter is to their situation. This is sad...smh

[@ZombieEater1001]

I assume she doesn’t know how bad her parents situation is

[@FreeAgent797]

She doesn't have to know. They are in retirement age. Why put that burden on them at this stage in their life? That's wild.

[@tugboat2030]

At the same time, it's a Parent PLUS loan. Not her responsibility. If the daughter called, Ramsey would be telling her that she doesn't have to pay it back until she's in a solid financial situation.

[@jimmymcgill6778]

Really? The loans are not in her name.

[@blackworldtraveler3711]

The risks you take having kids and expecting them to take care of you. Hope there’s more than one.

[@critterdude311]

Young men out there - this is what happens in life when you have no balls and don’t put your foot down as the head of household. Be warned.

[@ryankiel4895]

For sure!

[@user-ro1qk9vl6v]

so right

[@robertbell525]

Absolutely. The man has to lead or the ship WILL go down.

[@pejisan]

but why did he retire young with such bad finances? the whole family is weirdly entitled and money-blind

[@Jane-rh7tc]

@@robertbell525 this guy has absolutely no financial sense, it's not abt being a pushover and not leading the household, I wouldn't trust a guy like him with family $$ at all, he has absolutely no plan at all. He has a 300k house and still has 200k mortgage and he's in his 70's, what the hell has he been doing the past 50 yrs of his work life?!

[@loriej9297]

How does someone get to be this age and facing $100k in student loan debt and $70k in credit card debt and decide moving to another state and buying a $300k house is a good idea? This didn't happen overnight and it didn't happen with just one bad decision. This is obviously a lifestyle choice for them. Knowing that, it's hard to feel sorry for them or see a way out for them.

[@workinonit9562]

By having a selfish lousy wife and a brat for a daughter.

[@gene_takavic57]

What happens if the parents have some unfortunate health problems, or pass away? What's the spoiled brat going to do then?

[@SamanthaCMitch]

@@gene_takavic57 loan will be forgiven as it's not in her name. j

[@drtij_dzienz]

$300k house is pretty normal price almost everywhere in usa… places where the houses are cheaper pay less and have fewer jobs

[@kbanghart]

​@@drtij_dzienzyeah these days 300k is nothing

[@836dmar]

Sadly, this guy is playing the real victim. Every time they disagree with him, he says, "Exactly". This is likely how he handled his family and is now acting like it was out of his control.

[@inthebooks3947]

If a women made this compliant you’d sympathize with her

[@hoosier_daddy65]

Basically it is unless he goes for the divorce.. as you can clearly see nothing g he says will change her mind …

[@lanecostilow6959]

If one spouse spends, the other can do nothing except divorce. You can't MAKE the spending spouse stop -- they have to stop themself.

[@kbanghart]

​@@lanecostilow6959not true

[@kbanghart]

​@@hoosier_daddy65but then where will they live with their income split?

[@alanj9978]

71, 200K mortgage, 100K on kids student loan, 75K on credit cards. Someone's gonna be living in his car by 75.

[@gene_takavic57]

Unless he opens the book and immediately turns to Chapter 11.

[@aolvaar8792]

$0 Student Loan Payments for Social Security Recipients with Parent PLUS Loans. One feature of all federal student loans is that the debt dies with the borrower. Tell wife to RETIRE, default on the CC, get $0 repayment plan, sell house and buy in Rural NM. Live well on SSA.

[@snowpz]

Yeah definitrly needs to claim bankrupcy and get rid of that CC debt ​@@gene_takavic57

[@chuckokoye2410]

@@gene_takavic57even that wouldn’t clear up the 100k student loan debt. they’re fucked at this age

[@Annihilate3275]

How can he not have his 300k house paid off (or close to it) at 71 years old?

[@MikeNapoli1989]

I feel so bad for these people. This show is proof young people aren’t the only group that is bad with their finances.

[@leeboy244]

I feel sorry for the man.if it was me it would be divorce time

[@zixinnie9796]

For every young person bad with finances, there are a set of parents who taught them to be that way

[@MikeNapoli1989]

@@zixinnie9796 yes.

[@markg999]

Obviously not we got a bunch of geriatrics in govt putting us trillions in debt. I'd say a solid 90% of country has little common sense with money.

[@dmbgator86]

@@leeboy244they can’t afford a divorce.

[@BradDiBenedetto]

This guy had the gall to say “long story short” lol

[@Lovetheonewithin]

😂

[@jeylohnen]

😂

[@TheCap10Jmoski]

😂😂😂

[@daddykillyfriends8407]

😂😂😂😂😂😂😂

[@michelarosier1918]

😅😂😂

[@livingunashamed4869]

Start saving early guys!

[@rillawhat8142]

💯👍🏾👍🏾👍🏾

[@bigt1114]

His wife is screwed....the Student loan debt will be deducted from ANY Social Security she receives!...so the Husband can forget any "relief"...in that area. This a sad situation where the parents have been Marginally employed all their lives...yet they spoiled this daughter into thinking of a Private (useless Degree) school she..deserves!. He's... doesn't have much of a financial future. .

[@aolvaar8792]

$0 Student Loan Payments for Social Security Recipients with Parent PLUS Loans. One feature of all federal student loans is that the debt dies with the borrower. Tell wife to RETIRE, default on the CC, get $0 repayment plan, sell house and buy in Rural NM. Live well on SSA.

[@cathyziegaus3378]

Is it deducted from SS because student loans are federal? It was my understanding that only federal taxes owed and child support can be deducted from SS. This situation is a mess and saving their SS money would not do much.

[@aolvaar8792]

@@cathyziegaus3378 ????? $0 Student Loan Payments for Social Security Recipients with Parent PLUS Loans.

[@BusArch42]

@@cathyziegaus3378yes. Federal backed loans they can garnish SS

[@tracyaf6084]

@@cathyziegaus3378they can deduct up to 15% if it’s a federal loan.

[@jasonmoquin]

So, the wife is a teacher but never learned anything...taught the little snot the same thing, and this guy's retirement is now destroyed because of her crappy decisions. How incredibly selfish! Truth be told, he is absolutely partially- culpable though, as he let that woman walk all over him for a very long time and went into debt buying her the boots to do it. This is truly a horror story and also a life lesson in not letting the spender control the money and not ignoring the debt until the avalanche is coming at you. Disturbing!

[@ericeven4090]

I blame him mostly. It's like he was getting chased by a Zamboni but never tried to get out of the way and now it's running him over. The family was just driving the Zamboni.

[@boston312]

he is your typical American beta male simp

[@rillawhat8142]

🤔💯

[@Smallvillefreak]

Why exactly would he retire if he had no retirement and couldn’t live on what he was getting from social security?

[@aolvaar8792]

@@Smallvillefreak $0 Student Loan Payments for Social Security Recipients with Parent PLUS Loans. One feature of all federal student loans is that the debt dies with the borrower. Tell wife to RETIRE, default on the CC, get $0 repayment plan, sell house and buy in Rural NM. Live well on SSA.

[@deathbysonar]

My dad co-signed a school loan for my brother once and ended up paying off his loan after my brother refused to pay. It was a lot of money and did damage the relationship with my dad and him. I have two boys and I can firmly say, I will help them if I'm able but I will never co-sign a loan for anything.

[@willelliott5052]

My dad decreased the inheritance for one of my brothers who borrowed from him and never paid.

[@kbanghart]

I co-signed on a car loan for my son and he paid it off. No problem.

[@sfc5774]

Here’s a strategy. Student pays for their first semester tuition. If they get a cumulative (B) GPA the parent will reimburse their tuition so their student can pay their second semester tuition. Rinse, repeat. Student pays for dorm and meals from their savings or campus job. Cutoff age for parental money is 25 yo.

[@deathbysonar]

@@willelliott5052 that may be the case for my brother. My dad gives us cash for Christmas and I’m always shocked that he still gives my brother money.

[@Galworld761]

My parents co-signed my school loans. I lived in 💩 hole rent stabilized apartment for 8 years to pay those off FIRST. If I died, he would be on the hook.

[@Sparkle-ButterFly]

I had an HVAC guy come to my house and he unplug my AC unit and told me that I needed to pay 10k for a new one because the fan went out. After I sent him on his way I called up another HVAC guy who replaced the capacitor and plug my unit back up for less than $100. My AC unit was up and running better than ever. Some people will snatch your money from you if you don't do your research. Also, I love my child but I never did and never will co-sign or attach myself to any financial debts for someone else. NEVER!

[@CarnivoreStork]

My friend is 73 years old. She’s had a 100 interviews, no one will hire her. She has an amazing resume. He’s out to lunch. No one should have a mortgage in their 60’s & 70’s. 🤦🏻‍♀️

[@herbertscott9575]

What type of work has she done in the past? What's her skill set?

[@BusArch42]

Yup. If you look old they will not hire you

[@LittleMopeHead]

Such a messed up family situation: - A mother is babying her child and signed for parent plus loan - An entitled daughter goes to an expensive private school in NY - A father who is in retirement but have to go back to work and also struggles getting the family together in one page financially

[@mph5896]

Better them than I.

[@blackworldtraveler3711]

Like I keep saying here…..money is everything. That “love” and “ I’m having kids so I can be taken care of when old” isn’t working too well here and no guarantee. This is why I do much more with a backup plan than just solely depend on people and family.

[@raymond_sycamore]

guarantee you the women in his life HATE men, too....

[@ericeven4090]

Father should leave the family and live out his days in peace.

[@soni05131]

-father won't put his foot down -father needs to buy a back bone :'(

[@beaniemac]

At his age, he's pretty much out of options. How old is this daughter if he's 71 years old???

[@drtij_dzienz]

Wife is 66, so I’m thinking 30-40? In any case, the daughter is correct that they are responsible for the loans they took out. If they wanted to pay for her college without loans they could have saved money in advance.

[@lombardo141]

@@drtij_dzienznormal people don’t do that. You can scream to the high heavens and this situation will repeat tomorrow

[@lombardo141]

If I was his age I will just give up. I will be probably dead in a decade. I will give my wife an ultimatum , we sell the house and down grade. And live the rest of our life in peace. Sometimes time catches up to you and it is what it is.

[@mikesmith-wk7vy]

The wife deserves resentment, that poor guy won’t get a retirement ever because of his wife’s and daughters snobbish entitlement and reckless spending

[@willelliott5052]

Just remember that there are three sides to a story. I strongly suspect that some fine vehicles and toys were financed for him too.

[@drtij_dzienz]

Why didn’t he save enough for retirement while he was working? Or save for daughters college while he was working? He must have been spending *everything* as it comes in

[@taurusthebull76]

Choose your spouse wisely.

[@mustangkurt]

@@taurusthebull76he’s just as much to blame as they are.

[@mustangkurt]

@@NanoWealthGuy yep. He could’ve grown a spine at any time but he was probably content to just let things build until the dam finally broke.

[@B_Y22]

The credit card interest alone is probably around 1100 a month

[@jasonrodgers9063]

He's taking the word of the first HVAC guy about his unit. He needs to get LOTS of quotes for both REPAIR as well as REPLACEMENT. Preferably from independent HVAC guys that don't have flashy new trucks and big advertising budgets. The REST of what he's blathering on about is essentially- "I'm stupid, I do stupid things, save me from the stupid things I've done, and also the stupid things I'm GOING to do when I ignore your advice."

[@drtij_dzienz]

Yeah Dave would have never allowed that. It sounds like his AC unit outside broke and they are selling him a full furnace/blower replacement on top

[@jasonrodgers9063]

Indeed!@@drtij_dzienz

[@MrJimmy3459]

Yea 14k seems kind of high, although it depends on how big the house is

[@aolvaar8792]

@@drtij_dzienz I have a new roof top 4 ton AC/gas pack, $8K

[@truthseeker6370]

Their A/C unit went out....and a single contractor told them they needed a new furnace too? Get several other quotes. Perhaps the A/C can be repaired vs replaced, and a new furnace is Not part of the equation. This poor man has been simping way too long! 70k in credit card debt at nearly 72 yrs old, with over 250k still owed on a mortgage? I hope they can set some boundaries with themselves and their/her daughter. This is a retirement nightmare.

[@harryaurelian]

Things like this are awful to hear but at the same time i have learnt from all these videos on what not to do to ensure i succeed

[@l.gibson6422]

right!

[@resaboutb.9566]

Why wasn't it suggested caller sell the house? These two didn't even offer the man a free FPU course. Personally, I'd purchase a couple of window units for this summer and forget about trying to finance for new central air: they live in CT, not Lake Havasu City, AZ, and winter will soon be over. Sell the house, pay off the spoiled daughter's student loans, file for bankruptcy. Until then, this man can drive and deliver Alphagraphics orders. His wife should hold out for her FRA SS. George said caller needs to get a job at $25 an hour and work 40 hours a week. Yeah, okay, that's probably not going to happen. I want to hear how Dave and Jade would respond to this.

[@blackworldtraveler3711]

They asked about the house. Can’t suggest anything when the caller knows nothing and can’t give needed info.

[@DisabilityExams]

Wife needs to stop making excuses and get a job.

[@roseother8306]

Wife IS working as a teacher. Yes, they should have provided FPU and the budget course. Sell the house. Move into smaller place. Window ac in the meantime. They left this man without direction - they didn't even ask him to speak with a counselor off the air. He'll be suicidal in no time.

[@robertbell525]

They could probably file for bankruptcy now. Keep the house. That discharges debt for everything else. Sell house, pay off student loans. Take the rest of anything, move down south to a mobile home in the country and live off SS. Tell daughter never to contact them again

[@aolvaar8792]

@@robertbell525 $0 Student Loan Payments for Social Security Recipients with Parent PLUS Loans. One feature of all federal student loans is that the debt dies with the borrower. Tell wife to RETIRE, default on the CC, get $0 repayment plan, sell house and buy in Rural NM. Live well on SSA.

[@Smallvillefreak]

They never should have taken this call. This is absolutely a call for Dave & John. Getting the daughter to grow up is of no concern to these parents anymore. They have to leave her alone and live for themselves. And using the threat of having to take care of them against the daughter is absolutely ridiculous. That’s failing to take responsibility for your actions. I’d be pissed if I were Dave and heard how they handled this call.

[@jackstar254]

100k parent plus loans, 70k credit card, 250k mortgage, grandpa, you working till you die.

[@morlandoemtp]

When your wife said we should sign for the parent plus loan, say you can but it will result in divorce

[@exceedinglyaverage1179]

Dude, box fan is 20 bucks, window ac is 200… AC breaking down is not an emergency 😭

[@aolvaar8792]

PHX, AZ 30+ days in a row, 110 or higher, cool down at night to low 90's. In 12 hours, New 4 ton AC/gas pack on roof for $8K

[@exceedinglyaverage1179]

@@aolvaar8792 hahahaha… I’m just saying you can survive without it for a while, poor people do it all the time… it’s not a must have right now.

[@giggle1971]

Maybe going with a $20 fan will get mother and daughter on board. They need to sweat!

[@aolvaar8792]

@@exceedinglyaverage1179 I have a Legal requirement, 68-78 degrees, Hence the 12-hour Fix.

[@peterrose5373]

It can be, if you're 71 years old. Although probably not in Connecticut. There's likely only a week or so when the temperature gets lethal, and a week at an emergency cooling center would probably keep complaints about selling the furniture to a minimum.

[@jimroscovius]

Why private school if you couldn't afford it?? Also, true love does not cost money.

[@alanj9978]

She could "afford" it. Bank of Mom.

[@aolvaar8792]

Ivy covered brick building, paver sidewalks, well-off BF

[@TheKingsOutpost]

The mother and daughter are irresponsible. Dad has no back-bone.

[@CaBdosdos]

These guys dont know how to handle these disaster calls.

[@elizabethallen4353]

Amen. After a couple minutes Dave would have said "What is your question sir? How can I help you today?"

[@Smallvillefreak]

He never would’ve told the parents to try and scare the daughter into helping by saying she’ll have to take care of them. That’s the kind of move he blasts irresponsible parents for making when the kids call.

[@fishroy1997]

Summary: Bill from New Haven never took control of his life. Comment below with your address and I'll send you a bill for the time I saved you

[@kbanghart]

Please send the bill to Mar a Lago

[@funbunlol101]

Jokes on you I'm listening to this while working

[@elizabethallen4353]

Yeah I had to stop listening 1/3 through. Way too sad.

[@jeffreywhitaker5154]

This DEFINITETLY needs a follow up call.

[@laneesha1000]

Yessss it does!

[@FrankS111]

This guy isn’t safe and can’t breathe.

[@onefreelife]

You know, I'm 72. My husband is 80, in poor health. I went back to work because prices are up and we needed the money. Actually working sure beats sitting around. Stop whining. Just do what you need to do. You'll probably live longer out working

[@kbanghart]

Whining lol

[@Observer100-cn7gv]

@Onefreelife, you are not free at all. You should not be working at that age unless you choose to do so, not because you have to. This is sad. You are basically spending all your life working for people who don't even care about you. Life is short. You try to be positive but the reality is that you should be enjoying retirement now (or from years ago) or have your own business.

[@kbanghart]

@@Observer100-cn7gv No, you can't just assume that anyone working at that age doesn't like it. Many people enjoy their work, included in that is older people. She also said they needed the money. What's wrong with being productive and making money? And, lots of folks can't or don't want to have their own business. It's not for everyone. There's tons of folks who complain about my state of CA killing small business, for example. And you assume the people she's working for don't care about her? Yikes.

[@Jane-rh7tc]

@@Observer100-cn7gv sounds like a whining person who likes to see everything in life a negative way. you will never be happy even if you don't work at all, always finding things to whine abt.

[@spencerrochman6314]

He said he bought the house for 3 something and they owe 200k. The house has likely appreciated. I wonder what there equity position truly is. If they have enough equity to clear all debt I would sell. Go rent and work the baby steps after.

[@DoctorSmartyPants]

He said 200 something and 300 something. So we don't know. Could have paid 310 and owes 299 for all we know. Agree, would have been nice to know the equity standing.

[@michellechikaonda3219]

This, exactly. If he can’t fully remember the price he paid for it-only the range it’s in-then they likely purchased it a while ago, when the daughter was still in K-12. They should sell, completely clear their debts, leave any remainder in a high-yield savings account (they sound so bad with money that I’m reticent to suggest they invest it), get on Medicare, and then use their combined SS incomes to cover their rent and living expenses. Unfortunately they sound so collectively deluded that they’re more likely to simply continue down this road until the inevitable financial car crash arrives. And at all of their ages and stages in life, that feels really sad.

[@isay207]

Exactly down size big time Im surprised this wasn't suggested

[@Goforth.And.Conquer]

This should be a case study for high school and college aged people in what not to do with your financial life. This man's current predicament is a pure tragedy; I hope he is able to find a way out of this mess as quickly as possible, but I'll also be using this as motivation for myself. Everyone's goal should be to never end up like this family. Make the arrangements and sacrifices now people...

[@gareof]

They don't need to make any student loan payments - - They also need to investigate the $14,000 HVAC - - sounds like they've just accepted the 1st price given to them

[@markg999]

A quote I got recently was same price....hvac prices are up alot the last few years. But obviously get more quotes.

[@eniak00]

In many cases, the HVAC company will the customer that you should replace both at the same time or they’ll offer to give you $1000 off if you do both and people are sucked into it.

[@blackworldtraveler3711]

@@markg999 Depends on where you live. It cost that or less for two ACs and furnaces where I live.

[@markg999]

@blackworldtraveler3711 Yea that was for two ac systems. Mine is 9 years old...newer systems don't last long like older ones it seems. Guy was upselling a 2 stage system so possible I could get for even less. Also from what I've learned is don't call for a quote the sales guy is tacking on commission the ac techs looking for problem don't usually get that so can save letting the tech give a quote.

[@ianmowbray3284]

They have been living beyond their means for decades.

[@DudeDude491]

Ken looks like he’s about to order Panera’s for Lunch 😊

[@fishroy1997]

This made me laugh and I'm not sure why

[@DudeDude491]

@@fishroy1997 Well when I read Ken’s Body Language to me he always seems to be thinking about Food during calls

[@JimmyMook]

Lmao!!!!!

[@kendrapratt2098]

Baguette, chips, or apple 🤔

[@JustinCase780]

Hopefully he didn't go for the turkey chili and a tuna salad sandwich. That brings out some crazy face.

[@Ja50nkAt]

They need a list on screen of all the stats this guy said, lost track 😨

[@isay207]

Doesn't know how much they paid for house and mortgage 😢

[@porkyrabbit]

Imagine being a boomer and getting to grow up during the most prosperous time in America where it was much easier to succeed, and then not being able to retire. That’s on you for failing

[@alexpietsch7997]

And we all get to subsidize it.

[@drtij_dzienz]

Parent plus loans are always the parent’s responsibility to pay back, 100%. Lots of parents didn’t save for kids college and then want to push them into university for their own ego. “My kid graduated from NYU!” Parents shouldn’t push their kids into university and they definitely shouldn’t take loans they can’t afford to push them harder! Even if parents are verbally agreeing with their children that the kids will take on the loans after graduation, I would say that is also not OK. It’s a verbal agreement with a 17 year old and you want to potentially detonate your relationship with your kids if they aren’t able to follow through? Parents should just make their kids apply for loans themselves if they need loans for college. Parent plus is worse than a cosign. You want to help your kid go to college? Start saving $500 a month in a 529, when they’re infants.

[@mikesmith-wk7vy]

Why would the wife to that to their future , that’s not loving your husband and to top it all she wants to retire with 100k in debt while her husband is 71. That wasn’t even loving the daughter to do that

[@DoctorSmartyPants]

I didn't hear caller say his wife wanted to retire soon. I heard him say she wanted to start getting her SS payment soon. Getting your SS payment does not mean you are retiring.

[@Joe-db5hz]

He worked his life away to serve two colossal brats to end up in this mess.

[@macneoh7418]

Suddenly, I don't feel bad about never getting married or having children. What a nightmare.

[@royshaft]

This car crash happened years ago , his life was ruined a decade ago , he and his idiot wife just didn’t realise it .

[@baysideharpy8350]

They raised a monster. Whose fault is that.

[@VenerableBede2510]

They are boomers and they blame the kid for how THEY raised her. Typical.

[@luketarplin]

This is so sad, if only he could go to Mexico and cross the Southern border, he’d be set for life.

[@nailatiylluf]

My opinion of the caller changed pretty radically when he mentioned he has $70k in credit card debt and a $200k mortgage, both of which he had control over. Sorry but he’s not the victim he made himself out to be. Even if this were completely his wife and daughter’s fault (it’s not) he still chose to retire knowing he has $370k in debt. As far the daughter of course it’s not up to the parents to pay but they also can’t say they’ll pay and after it’s all done turn around and ask for $100k that’s an insane recommendation as if she didn’t choose a school based on her parents promise.

[@elizabethallen4353]

"Fighting a losing battle." So sad. How many financial disasters are caused by relationship problems?

[@megalodon1726]

Also the mom let the interest accumulate. The original loan probably was half the $100K. The daughter shouldn't be expected to pay the bloated amount.

[@nailatiylluf]

@@megalodon1726 they’ve had a few of these parent plus calls and they always say to ask the kid to pay because it’s unfair to the parents. What’s unfair is telling your kid they can go to their dream school and not work and letting interest run up and then turning around with your hand out as if they wouldn’t have made very different choices knowing that from the beginning.

[@JustinCase780]

The one and only truly working couple in their age group that moved into CT as of recent.

[@AnyahEMB]

I have a CT teaching certificate but I’m currently working in a higher paying job. Plenty of school districts are hiring. I get notifications and emails every week from school districts looking to hire teachers.

[@jimroscovius]

Private school was the stupidest idea ever. They never met a debt they didn't like. Plus, they moved to one of the most expensive states. One dumb decision after another.

[@smithersrob]

You don't gotta take care of the HVAC, billions of people live without HVAC, buy a pedastal fan that costs a few cents a day to run and start hussling, HVAC is a luxury and you can sort that when the mess is sorted

[@billbob4856]

If the house doesn’t have a chimney for a wood-stove they really are a necessity in the modern era in winter. In the summer I can somewhat agree but a dehumidifier really should he used down south

[@todd2456]

I guess the only silver lining is if they croak, the Parent Plus loans are discharged. So maybe just pay the minimum and let the interest get sky high. Who cares at this point.

[@dasheffield5596]

The taxpayers 🤷🏽‍♂️?

[@tugboat2030]

​@dasheffield5596 lol I love how the taxpayers feel so aggrieved when it comes to student loans. You know how much tax cuts and the military are costing us?

[@gene_takavic57]

So they can pull an Epstein?

[@jh26pt2]

@@tugboat2030Tax cuts don’t “cost” taxpayers anything. It’s simply the government taking less of something that wasn’t theirs to begin with.

[@tugboat2030]

@@jh26pt2 Just like a parent reducing their hours at work doesn't cost a family anything. Everybody's just gotta tighten their belts! Daddy's taking a break!

[@Elizabeth_lowkeyluxuries]

Stories like this inspire me to never remarry again lol

[@LifeandLifeMoreAbundantly]

Plenty of successful prosperous marriages.

[@Industen]

Sorry bud but you can forgo the HVAC living in Connecticut. Throw a window unit in and use it for 3 months. 14k is extremely expensive unless you have baseboard heating and need the house replumbed with ductwork.

[@Brynson87]

This is a perfect example of what happens when you dont figure out financial education early and implement it. This poor dude, I really feel for him.

[@Mynmeisjeff]

Run brother BILL!

[@shanep2760]

This is one time I agree with them about not investing until the debt is gone. At 72 he needs the cash more than anything.

[@bigcahuna42366]

If his house isn't large and has duct work, I'm pretty sure a furnace and A/C replacement shouldn't cost $14K, unless inflation has gotten really bad. I got both of mine replaced five years ago professionally for $8K on a 1,300 square foot ranch, parts and labor.

[@oleoeplantis2005]

I am surprised they did not press more into their home equity. Sell the home and live in a humble apartment for the next chapter.

[@drtij_dzienz]

Live in the daughter’s humble apartment until the parent plus loans are repaid 😂

[@blackworldtraveler3711]

I’m not surprised. They asked. The caller couldn’t even answer his questions about their home.

[@Iamsam-jl5fn]

@@blackworldtraveler3711he didn’t want to answer. He knows.

[@kathleenmcbride1471]

​@@blackworldtraveler3711Yes they did ask. He said something vague about "bought for 300K owe 200K". And they moved recently. Doubt there is much equity and renting - at least where I live - is horrendously out-of-control expensive.

[@lauraatha4766]

You can’t sell a house that doesn’t have a working HVAC system. That really screws them over.

[@tiffanynicoley]

I cant imagine leaving my 72 yr old father to just "figure it out" with a $100k student loan bill. It was YOUR schooling, YOU pay it off!!

[@bantizzle79]

At this rate they will both be working until they die. Shame on the daughter for not willing to help pay the student loan she used for her education

[@drtij_dzienz]

Parent plus loans are the parent’s responsibility

[@bantizzle79]

@@drtij_dzienz I get that, but the daughter should feel some sympathy for her parents who are struggling to stay afloat at their age

[@drtij_dzienz]

@@bantizzle79 the parents are grown ups who took out a loan they couldn’t afford. They have got to pay it back. Kids going to college is often more about the parents ego, of raising a college graduate, than it is about the child’s career. Those parents who didn’t save a DIME in a 529 their whole life turn around with these parent plus loans and tell their kid, “no you should definitely go to college even though it’s expensive. We have the money to pay for it” what kind of decision is an aimless 17 year old going to make? Get a shitty retail job in their hometown or go party in NYC for 4 years? I know what I would have done.

[@shawncho5217]

14k for a new furnace? Your being ripped off. Shop around, I promise you can find a better price.

[@thedopplereffect00]

That sounds about right to me. People don't understand how bad inflation is now

[@johndone8045]

Probably furnace and central ac

[@thedopplereffect00]

@@johndone8045 a lot of it is mandatory government regulations making it more expensive

[@resaboutb.9566]

$14K for AC & heating -- not outrageous, especially if they have a good sized home.

[@kapeezy4097]

I’ve never understood people waiting until their retirement age to start thinking about retirement..

[@keithbellair9508]

Hvac system isnt an emergency…. 1. Ita not a necessity and 2. Thats called home maintenance… houses are not investments or atm machines

[@cutehumor]

Never co-sign for your kids student loans!!!! Vote republican to block student loan forgiveness in the future

[@lot2196]

100%

[@pingupenguin2474]

That's stupid. If her loan was forgiven then the parents would be a long way towards free of this mess. If you had a decent health service like every other western country, they wouldn't have massive medical bills.

[@lionheart93]

will never be forgiven @@pingupenguin2474

[@aolvaar8792]

@@pingupenguin2474 If both were on SSA retirement, $0 Student Loan Payments for Social Security Recipients with Parent PLUS Loans. One feature of all federal student loans is that the debt dies with the borrower. He's causing this by not wanting wife to retire at full retirement age, 67 but at, 70 maximum retirement age.

[@cutehumor]

@@drc3po if you keep voting democrat, they will push the envelope and increase their student loan forgiveness for 50k per person next time. I was a democrat and prolife and guess what, not a democrat anymore.

[@mustangthings]

Take out a life insurance policy on the daughter and… industrial accident? Spitballing, here.

[@sfc5774]

😂Tempting……..

[@spatty2589]

I wish that Ken had let him rant. Listeners need to hear this foolishness as a warning. If his wife signed for the Loan he doesn't have to pay it... hopefully her name isn't on the house.

[@firegirljen]

You don’t need central air go get yourself a few portables, there anywhere from 5 to 700 a pop. Three or four of them should be able to keep your house. Cool. It’s what I do and it’s awesome.

[@offgridjack5779]

Exactly!! Then you only cool the rooms you are in instead of the whole house. You electric bill will be much lower too!!

[@firegirljen]

@@offgridjack5779 I love it!

[@fishroy1997]

Was it "life story" day on Ramsey? Jeeze

[@pat557]

1.25x is our friend...

[@margaretl579]

An HVAC guy told me we would have replace our whole system for $19,000 as it was unfixable. We had a repairman come out from another company who fixed it for a few hundred dollars. When I complained to the original company, they were shocked and said the guy was their best repairman. Probably best in the sense of bringing in the most money-and we all know hiw he does that. I told them I would never use their company again.

[@Times397]

Caller - if you’re reading this, only make the minimum payments for the student loans. Once you pass away, the loan will also go away. If your wife signed, this goes for her too.

[@fedguy9182]

Exactly right. Forget paying off SL and get a reduced income based payment. Loan gets forgiven when wife dies anyway. Focus all energy on CC’s and sell the house and get a one bedroom apt. They can make it

[@markeayers]

This is an example of not preparing for the future. There's no fixing this unless you trade in the wife for a rich widow.

[@chuckokoye2410]

If they sell the house, they can clean most of this up. but thats looking like their only option sadly

[@Coupal1]

Listening to this, I can see how it all started. Dad working two and three jobs, not home and too tired to step in with the daughter when It was necessary. The wife had better smarten up and tell her daughter the buck stops here!

[@drtij_dzienz]

Eh, bro is thinking “happy wife, happy life” and co-signing on all her bad decisions and resenting her after the fact

[@kekejefferson9219]

The daughter should just take her parents name off and pay the loan. Isn't the daughter like 50yrs old. Sell that house. Move to an old folks apt. Your wife needs to get a better job. The teacher shortage is all over the US. Move to a cheaper state. Get a window unit a/c until the house sells.

[@janieralston2638]

I find it difficult to believe a man born in the early 1950s sat back and let his wife drive all their finances. Seems like blame shifting helps him grieve the bad situation they are in. This is probably one of those rare situations where the baby steps are not the answer since they don’t have much time left and need to figure out alternatives.

[@drtij_dzienz]

Boomers grew up in a time when everyone had a secure pension and college was cheap. As adults, retirement became one’s personal responsibility and college became mind blowingly expensive for their kids. A lot of boomers keyed in on all of these changes as they occurred and benefited supremely. A lot of boomers just plodded forward thinking the old systems would still be there to save them. These callers sound inexperienced with basic retirement vehicles like 401k and not tech savvy enough to educate themselves online. These are exactly the types of boomers getting f***ed at retirement age. It’s really hard to survive in modern day when you are this unsophisticated. The boomers who took full advantage of 401ks amassed more money than they could ever spend intentionally in their remaining years.

[@MichaelCorleone562]

This is a greatest hit call

[@drfattie]

I don’t understand what type of college student would allow their parent to do that for them, knowing that they don’t have the money

[@chuckokoye2410]

What do you mean? 90% of college students would because they’re broke 18 year olds when they go to school. a lot of them would help pay the parents back though unlike this daughter. But it isn’t her responsibility so she’s right on that

[@thedopplereffect00]

What's sad about this is he'll probably pass away still paying down the loans and the daughter still keep the remaining home equity

[@drtij_dzienz]

What’s sad about that?

[@blackworldtraveler3711]

Life insurance policy will help.

[@thedopplereffect00]

@@drtij_dzienz because he'll work too hard the rest of his life for a selfish daughter

[@thedopplereffect00]

@@blackworldtraveler3711 not at that age

[@drtij_dzienz]

@@thedopplereffect00 they could sell the house and rent an apartment, or move in with daughter, but I doubt they will make that choice. The choice they did make, was to take out parent plus loans.

[@geo865833]

The daughter is an ungrateful brat. How can any decent human being do this to their parents?

[@chrisconsorte7893]

I sympathize with Bill is going through. I went to the same thing with my ex-wife one of the issues we got divorced was we had financial problems fortunately, we never had children.

[@mikeindigo2808]

So sad to hear. Lack of financial intelligence and being too nice of a man.

[@summerforever6736]

GOING BACK TO WORK AT 71 IS SUCKS!!!!!!!1

[@amireallythatgrumpy6508]

That's why you don't retire before the age of 80. This is what happens when you retire early.

[@summerforever6736]

BS@@amireallythatgrumpy6508

[@pineappleguns3292]

This is scary ! This much debt at retirement age

[@tkordik]

Tell him to "work harder" Dave.

[@ericeven4090]

I would get out of CT ASAP. It's way too expensive to be there, especially around New Haven. Everyone wants to be close to the highways and that's where they meet. They could at least move north close to the mass border where no one wants to live so house prices are low. Unfortunately they only way out for this poor guy is probably going to be 6ft under. Mathematically he can never make enough money in his lifetime to pay his debts.

[@lafrugalistefutee6221]

At that point, I would probably stop paying any debt. Good luck taking anything from an elderly couple with less than poverty income and zero asset. You cannot garnish Social Security.

[@DoctorSmartyPants]

Actually, SS payments CAN be garnished in order to pay student loans. Only SSDI is protected.

[@carlosmiro4932]

The question is, will anybody hire a 72-year-old man for anything? And the same goes for her, there is no point to get the CT teacher’s license because it’s unlikely a school district will hire such an old woman. The won’t tell her so to her face, they’ just go ‘in a different direction.” As for awkward Thanksgiving dinners, there won’t be any because the daughter has obviously checked out. Thos guyn is calling in to closed the barn door after the horse is long gone.

[@DoctorSmartyPants]

Yes, my husband is 72 and is doing great. Plans 2-3 more years of it because it is meaningful for him. As far as wife, she can do all sort of online teaching, where no one knows your age, so that's a poor excuse too.

[@carlosmiro4932]

@@DoctorSmartyPants Is only teaching in elementary and high schools still a thing?

[@DoctorSmartyPants]

@@carlosmiro4932 Sorry, I don't quite understand your question.

[@carlosmiro4932]

@@DoctorSmartyPants I don’t think that schools are online anymore, at least in California public schools and universities are in classrooms.

[@DoctorSmartyPants]

@@carlosmiro4932 There are all kinds of schools that are online and were online way before 2019. Just Google.

[@mistiinseattle]

His wife went on sick leave because the superintendent drove her to that. Sorry but i worked for my last 15 yesrs for a boss who was a nightmare, screamed and yelled at us, lied about us, and made my life miserable, and toughed it out to retire at 70... because i needed the job and money. This guy let his wife and dsughter walk all over him.

[@audibloke]

He's almost 72, wife almost 67.... entitled daughter has got to be at least mid 30's and she STILL thinks her parents have to pay for her degree in women's studies with a minor in basket-weaving.

[@kathya1956]

Connecticut does not need air conditioning. Florida, yes.

[@mattrempel9231]

Yikes. This is a bad one. God bless and keep you sir.