Help us end the fiscal year strong. Donate by June 30. Give Now
Hired, fired, can’t retire
May 26, 2022
Season 6 | Episode 4

Hired, fired, can’t retire

HTML EMBED:
COPY
Rebecca Danigelis never planned to stop working. Raising two kids as a single mom, everything she earned went to making sure they got the best education she could afford. But when her son Sian-Pierre's career took off, hers started to crumble.

Retirement was never really something Rebecca Danigelis thought about. She’d always prioritized her two sons. A single mom, she sent her boys to a private Catholic school, even when tuition took up much of her income from working at a hotel.

“It was very, very hard,” Danigelis said. “I never really involved them in my worries. I’d always make them think everything’s fine, to make them feel secure.” 

It seemed like all her hard work paid off when her son, Sian-Pierre Regis, got into a good college. From there, liquidating $20,000 from her retirement to help cover tuition felt like an easy decision, since she never planned to stop working anyway. At the time, Regis didn’t know much about 401ks. He wasn’t aware that cashing out early would result in penalties and taxes.

“It was just kind of like, OK, this is the way that you access money,” Regis said.

But in 2016, several years after Regis graduated and just as his journalism career was taking off, Danigelis discovered she’d been let go by the hotel. She was given two weeks’ severance. Suddenly, Regis had to figure out how to help his mom get back on track after losing her career.

As they considered her options, Regis set out to return the investment his mom had made in him all those years before. That meant becoming roommates.

If you like this episode, share it with a friend. And to get even more Uncomfortable, subscribe to our newsletter. Each Friday you’ll get a note from Reema and some recs from the Uncomfortable team. If you missed it, here’s the latest issue.

If you want to tell us your story, what you thought about the episode, or anything else, email us at uncomfortable@marketplace.org or fill out the form below.

“This Is Uncomfortable” is Reema Khrais, Donna Tam, Hayley Hershman, Camila Kerwin, Phoebe Unterman, Marielle Segarra and Marque Greene.

The future of this podcast starts with you.

We know that as a fan of “This Is Uncomfortable,” you’re no stranger to money and how life messes with it — and 2022 isn’t any different.

As part of a nonprofit news organization, we count on listeners like you to make sure that these and other important conversations are heard.

Support “This Is Uncomfortable” with a donation in any amount and become a Marketplace Investor today.

The team

Hayley Hershman Senior Producer
Zoë Saunders Senior Producer
Phoebe Unterman Producer
Marielle Segarra Producer
Camila Kerwin Producer

Thanks to our sponsors