Real Answers for Life’s Money Challenges
I am 74 and have fallen for a 24-year-old.
He says he wants to get married, but he has only the house he inherited.
Im self-employed but have only a meager income.
It makes me uneasy that I have to pay for everything.
He may be able to work eventually, but for now all he finds are part-time jobs.
Should I break off this relationship due to poor finances?
Your boyfriend doesnt sound very responsible.
Now, lets talk about this gaping age discrepancy.
Theres no way I can make myself not worry that your boyfriend is taking advantage of your generosity here.
Yes, plenty of people fall in love with someone way older or younger than theyd ever imagined.
So I dont want to make any sweeping generalizations about what constitutes too young for someone of 74.
Even if youre both in love with perfectly pure intentions, surely this is one of those times.
Most twentysomethings havent acquired much in the way of assets.
Meanwhile, youre 74 and dont have much income, which certainly isnt unusual for someone whos retirement age.
You deserve to retire at some point.
Im afraid you cant afford to wait for your boyfriend.
You say he may eventually be able to work.
You say youre paying for everything, so Ill assume hes living in your home.
Whenever you end a relationship, you better act quickly to unmingle your finances.
And yet, untangling the heart can be even more complicated than separating your money.
Theres nothing I can say to make that part easier.
Just know that its not too late for you to fall in love all over again.
That doesnt mean you better be the same age.
But that person needs to be a mature and independent adult, not someone who mooches off you.
Anyone whos not willing to be your equal partner doesnt deserve your time.
It sounds appealing right?
Check it out here!
Robin Hartill is a certified financial planner and a senior writer at The Penny Hoarder.
Send your tricky money questions to[email protected].
