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A 62-year-old man said his 64-year-old wife insists on keeping $75,000 in cash hidden at home because “it feels safer” than leaving it in a bank.

Bill explained on “The Ramsey Show” recently that despite having nearly $1 million in combined assets — including retirement accounts and a home valued at about $304,000 — his wife refuses to move the money, fearing government or institutional interference.

Bill shared that his wife’s mistrust began after handling her late father’s finances. Before he died, her father had little savings and owned several low-value properties, including a home that sold for $40,000.

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When he was placed in a nursing home, the state required her to provide years of bank statements and asset records for Medicaid audits. “It was very painstaking, and she lost sleep, tears,” he said, describing the process that left her unwilling to rely on banks again.

When co-host George Kamel asked how much she wanted to keep on hand, the caller replied, “$75,000 total … she says that would make her comfortable.” He added that he wants her to feel secure but worries about the practicality of storing that much cash at home. The couple are financially stable, with no debts other than a $102,000 mortgage.

“You guys are just about millionaires,” Kamel noted, emphasizing that the money isn’t the issue — the fear behind it is.

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Co-host Jade Warshaw said the wife’s concerns come from poor estate planning, not from bank risk. “This $75,000 is neither here nor there,” she said, urging the couple to focus on creating wills or a trust to prevent similar complications.

Kamel warned that keeping large sums at home invites more risk than leaving them in an insured account, pointing to potential losses from theft, natural disasters, or inflation eroding value over time.

To balance comfort and safety, Warshaw suggested compromise. “I’d probably split the difference,” she said. “Put half in a high-yield savings, and if you get a safe for the house, put half there.”