Money magazine's "Do the Right Thing" column this week featured this intriguing question from a female reader.
I’m divorced and have quite a bit of money. Several years ago I was involved with a guy who, once he learned of my wealth, used me as his personal ATM. Recently I started seeing someone new, and I think I could get serious about him. Given past experience, I’m thinking it might be better not to tell him about my money. Would that be ethical, or is there a point at which I have to speak up?
The couple who writes the column answered that she absolutely needs to disclose her wealth to her boyfriend if the relationship is getting serious. They suggest that in order to get an accurate assessment of the man she's dating, she needs to be sure that he isn't threatened by her wealth. While I understand that honesty is important in building trusting relationships, I'm not sure that it's necessary to disclose the status of your bank account to someone you're not sure will be in your life in a couple of years. How would you answer this hesitant, almost-in-love woman's question? To tell, or not to tell?