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INSIDE THIS ISSUE
1
Avoid Inertia to Embrace Progress
2
Pass Down More Than Just Money
3
Margie’s Kitchen: Cherry Bread
Old-School Habits That Will Save Your Wallet
4
Allison Holker’s Financial Nightmare
DANCING WITH DEBT The Costly Lesson From tWitch’s Estate
When dancer Allison Holker lost her husband, Stephen “tWitch” Boss, unexpectedly, she wasn’t just grieving — she was hit with a financial nightmare. After his passing, Holker recently revealed she was left with a staggering $1 million tax bill, saying she’s “still in the trenches,” trying to dig her way out. Though spectators may have assumed she would inherit the wealth from his reality TV and dancing career, she inherited his debt. It’s a reminder that money problems don’t discriminate, and financial planning isn’t just about building wealth — it’s about protecting yourself and loved ones from unexpected burdens. In Holker’s new tell-all book, she said her late husband had spent money recklessly, giving away significant sums to family and friends and purchasing everything from weird art to drugs. The news blindsided her since they had always maintained separate bank accounts, and it seemed they were both managing their independent finances just fine. Though they had been married for nine years, Boss never left a will, leaving her to sort through the financial mess with no plan or instructions. Paying off his debts drained his accounts, and the challenges kept adding up to more dollar signs. The family had no medical insurance after his death because he didn’t list them on his policy. He also failed
to pay his family’s homeowners insurance and still owed car payments, which were all bills Holker had to “catch up” on. The small residuals Holker earned from Boss’ television work barely dented the tax bill.
Photo: Lexi DiStefano
Holker said she had never expected to face a substantial financial emergency like this and wishes they had planned better for the unexpected.
“I think it’s a really important conversation to have because you can’t really prep for something like this,” she said.
Holker had to navigate this financial storm with no plan in place or clear directives from her late husband, all while facing the pain of losing him. It’s an important reminder that an estate plan can help protect loved ones from overwhelming debt and legal complications when the unthinkable happens.
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