Reply to Next Stimulus Payment -- WHEN????

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Middle of July.

And it needs to fricking hurry up. I don't know how much longer my husband and I can keep helping family. Plus my husband lost his job and there isn't going to be a going back to that. Since we got a small severance his applying for unemployment was for nothing. Apparently $46,000 makes you unqualified for any relief. It's stressful carrying so many burdens. Lots of people are suffering. You just never hear about them.[/quote] Your husband got a $46k severance package? [/quote]

Yes. For 37 years of loyalty. It was supposed to be $67,000 but the govt took their cut. We have a HSA with 14k in it so we're needing that to cover healthcare for a year. I did manage to save $150,000 in the three years since we paid off our house but when your sister is off work for a hip replacement and needs just about everything that entails for a few months, BIL got cut hours and I can't stand the thought of him not having enough food or no phone, son got laid off so we carried them for four months. It couldn't be helped. Another works gig jobs and needed a car plus rent for a while. Husband went to work one morning and came back home with no job. We're both 60 so at the rate we're going money will start evaporating. We won't make it to SS. If we could tap into our IRA without getting tax f'd we could do all this and not worry. We could split the next stimulus again like the first one, help everyone out with at least enough gas and food for a month. Pay one's rent for a month, house note for another.

We're poor millionaires. But it's really not funny. Something will give way soon. Something good I hope.

My husband was one of 750 that lost their job in the company. We are fortunate to have saved what we did when we did. Still, seeing minuses instead of pluses in the bank account stings, NEVER EVER think your job is forever.

Five of our neighbors no longer have jobs. This corona crap has been hell on lots of people.
[/quote]

I am sorry your DH lost his job.  One where he worked for so long. That is difficult.

On the positive side, you have a house that is paid up.  Adding the $47k to the $150k (in three years) you saved since paying off your house means that you have nearly $200k  to use for emergencies like this.  Your DH is also eligible for COBRA for 18 months and that allows you enough time to figure out the ACA options.  Since the cost of health insurance through the ACA is based on income, you can probably quailify for aid since your income has gone to $0 if you are also not working.  If you are working, you may have options there. You should be able to tap into your IRA because you are both over 59 1/2- there is no tax penalty.

Will your DH get any sort of pension?  He started working before pensions started to be reduced and eliminated- was he grandfatheried in ?[/quote]

No, no pension. We maxed out yearly on the company IRA. We have another small one so when he got the boot we transferred that to our personal IRA.
And you're right, we are in a good place. Our biggest worry is family. And the reason we will share our stimulus is because no matter what happens, we will always have more than them. That fact alone makes the sharing more important. If we can help their burden, we will do it. And we want nothing in return. It doesn't matter if they get a stimulus check too.

This is our heart center. We have no parents still alive. My kids are lucky they have us. I never remind them of that but I'm sure they know. The one question I ask myself is what if no one cared. The absolute most heartbreaking feeling is thinking I'm alone. I have no one to help me. I cannot let anyone feel like that.

But, good news. Things will work out. Avenues opened up that will help us all. We just have to ride it out a little longer.

Thank you all for the replies. You have been nice. I appreciate all the advice. We're going to be okay.[/quote]

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