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Reply to "Next Stimulus Payment -- WHEN????"
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[quote=Anonymous][[b]quote=Anonymous][quote=Anonymous]To the "poor millionaire" -- I feel for you, but I don't see how a couple of thousand dollars could help your family much, since I assume you have a much higher quality -- and cost -- of living than most of us. For us, the stimulus payment made a huge difference because our rent is low and we are used to scraping by. Not saying that to pile on you, just saying.[/quote] I feel bad about the poor millionaire joke. But it's true and we cannot touch that IRA unless it's a medical emergency. That money is for when we really retire.[b] I said it in jest not in a bragging way. [/quote] If he is over age 59.5, he can take distributions penalty free. Still taxable of course. In fact, I think the CARES Act waived early distribution penalties for younger IRA owners too. Not that it's a good idea for younger people to raid their IRAs, but it's an option. [/quote]
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