He Recently Inherited $8 Million After His Dad Passed Away And Quit His Job, But Now His Girlfriend Also Wants Him To Use The Funds To Cover Her Monthly Expenses
This man’s father, who was a physician, sadly passed away about two months ago. And while tragic, this left him in line to inherit a whopping $8 million.
Now, his father did pay for all of his expenses when he was younger, including tuition, which is not feasible for many families. Still, he had no clue his father had so much dough put away in the bank.
“I had no idea my father had that much money as he was a frugal guy, and I honestly was not expecting to get any inheritance,” he said.
Anyway, after coming into so much cash, he decided to make a drastic life change. Even though he previously made $200,000 per year at his job, he thought the position was “soul-sucking.” So, he finally decided to quit.
However, ever since inheriting the money, his girlfriend of two years has been pressuring him to use the funds on her bills.
For context, he has about $10,000 worth of expenses each month. Apparently, this is because he and his girlfriend travel a lot; he does not have any debt.
Still, his girlfriend– who earns about $7,000 after taxes each month– wants him to cover her share of the expenses, which come out to $3,000.
On top of that, she has also been urging him to put money away into a joint savings account.
“The problem is, I cannot afford the risk of paying her expenses,” he explained.
iuricazac – stock.adobe.com- illustrative purposes only, not the actual person
Since getting the lofty inheritance, he has set out to follow the 4% rule– which essentially states that individuals should only withdraw 4% of their retirement savings each year in order to ensure that the cash lasts.
But, in his father’s will, he was also instructed to donate 2.5% of his wealth to the poor each year.
“And I did not do much for my father when he was alive, and I think this is the best way I can pay back,” he reasoned.
So, after donating 2.5% of the money to charity, the remaining 1.5% comes out to approximately $120,000. And this is enough to cover all of his expenses.
Still, it’s just not enough to take on his girlfriend’s bills, too.
That’s why he just wound up telling her that she is not entitled to his inheritance.
This started an argument between them, though, and his girlfriend ultimately accused him of being selfish.
So now, he’s been left wondering whether refusing to use his inheritance to cover his girlfriend’s expenses actually makes him a jerk or not.
Do you think it’s smart that he is limiting his inheritance withdrawals every year? Why do you think his girlfriend feels entitled to the cash? How can he handle this situation without ruining their relationship?
You can read the original post on Reddit here.
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