A caller to “The Ramsey Show” described how a six-figure loan to a relative turned into a complete loss. She and her husband had lent about $200,000 to her sister and the sister’s boyfriend so they could start a countertop business, but the company later failed.
About four years ago, the business shut down and the couple involved in it broke up, leaving the caller with an uncomfortable decision: either pursue legal action or let the money go.
More from Digilifetrends
Why New Jersey Retirees Headed for Florida Delay Roth Conversions Until After the Move
For many New Jersey retirees relocating to Florida, even a one-day difference in when they complete a Roth conversion can determine whether they owe tax to a state they are…
5 min read · Published 2026-11-05Buffett’s 90/10 Strategy for a 65-Year-Old Retiree With $600,000 in an IRA and $2,800 a Month From Social Security: Monthly Cash Flow and Taxes
Using Warren Buffett’s 90/10 approach — a mix of an S&P 500 fund and Treasury bills — a 65-year-old with $600,000 could generate about $4,800 a month when Social Security is…
7 min read · Published 2026-11-05How Buffett’s 90/10 Strategy Would Work for a 65-Year-Old With $600,000 in an IRA and $2,800 in Monthly Social Security
Warren Buffett has made clear how he wants his wife’s money handled after his death. In a 2013 letter to Berkshire Hathaway shareholders, he said the trustee’s instructions could…
6 min read · Published 2026-11-05