I thought I had it all handled...I had all the ambulatory equipment for my disaster of a body, paid off my home, owed no one.
Until the Almeda fire took everything. I had my insurance papers on my desk and had been trying to call for 2 weeks to increase coverage for the big remodel I completed..new roof, paint, flooring...even propane fireplace for when electric goes out. I was on low income tax deferral on my home, so they took all my insurance money.
You don’t think about the fact you will have to repay every cent plus interest and penalties.
I made a huge mistake giving away much of my “wealth” to my kids...I wanted to see them enjoy it.. that included cars, a vacation home on acreage, a building lot, travel trailer, thousands of dollars...
Living out of your car is expensive..it was during covid shutdown..no motels. I paid $100 one night for a room without running water! I was everyone’s target. I finally got $25,000 from The Federal government then 2 years later Biden attached my social security checks for 2 years to collect $10,000 in interest. I had already written them a check for the $25,000! That destroyed my credit..now I can’t even rent!
Now, I’m stuck, sick and unable to drive out in the boonies without any heat, most of my savings is gone and the kids got theirs and disappeared.