‘Do we have any recourse against my future father-in-law if he refuses to remove his custodianship?’
I have a question regarding my fiancé and his father. My fiancé’s father owns his own business that my fiancé has worked at on and off for the better part of a decade. The hours are always sporadic, as is the pay.
I’m concerned my future father-in-law will continue to hold this account over my fiancé’s head. It would give us much more peace of mind if we were able to sever that tie to him.Withdrawing money from an IRA is usually a really bad idea and results in large penalties. That’s when you turn on the computer and look at your fiancé’s resumé. What are his skills? What are his aspirations? Does he want to work at his father’s company for his whole life? Does he lack confidence? What can you do as his girlfriend to help him find a new path that leads to financial independence? Does he need to go back to college or work on his presentation skills to find a new job? I have so many questions, but none of them have anything to do with the IRA.
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