Anonymous
01/09/2019 21:52
Subject: Re:Shut down could not have come at worst time withdraw. Some tap
Anonymous wrote:The interest free loans make the most sense and depending on the terms for repayment taking out a larger amount to cover 3 months makes sense.
I can see where people on this board with young kids are stretched. This is the time frame when many people have just bough a house, have daycare or nanny bills for 2 or more kids, car loans for the bigger car that fits all the kids and might have something left on their student loans. Many people keep a small savings but as the stock market has been doing well they have been maxing out their retirement and college contributions which is exactly what they should be doing not sitting on 50K in their bank account if they are feds. Since the stock market has gone down, its the worst time to tap retirement plus there is a only a 60 day window to put the money back before you get hit with a huge tax penalty.
If you could stop paying for daycare, nanny, preschool or private school while you are furloughed then it wouldn't be so bad but you can't.
Why do people come onto a thread that is multiple pages and answer without reading? It just makes you look simple if you push an answer that doesn't help the OP answer the question she had. When this was first mentioned, she said that due to the problem that caused the outstanding debt that she has bad credit. The interest free loans are being given to those who have good or decent credit, not bad credit. If her credit is below about 550 or maybe even 600, she may not qualify for those loans.
Anonymous
01/09/2019 21:33
Subject: Re:Shut down could not have come at worst time withdraw. Some tap
The interest free loans make the most sense and depending on the terms for repayment taking out a larger amount to cover 3 months makes sense.
I can see where people on this board with young kids are stretched. This is the time frame when many people have just bough a house, have daycare or nanny bills for 2 or more kids, car loans for the bigger car that fits all the kids and might have something left on their student loans. Many people keep a small savings but as the stock market has been doing well they have been maxing out their retirement and college contributions which is exactly what they should be doing not sitting on 50K in their bank account if they are feds. Since the stock market has gone down, its the worst time to tap retirement plus there is a only a 60 day window to put the money back before you get hit with a huge tax penalty.
If you could stop paying for daycare, nanny, preschool or private school while you are furloughed then it wouldn't be so bad but you can't.
I can see where people on this board with young kids are stretched. This is the time frame when many people have just bough a house, have daycare or nanny bills for 2 or more kids, car loans for the bigger car that fits all the kids and might have something left on their student loans. Many people keep a small savings but as the stock market has been doing well they have been maxing out their retirement and college contributions which is exactly what they should be doing not sitting on 50K in their bank account if they are feds. Since the stock market has gone down, its the worst time to tap retirement plus there is a only a 60 day window to put the money back before you get hit with a huge tax penalty.
If you could stop paying for daycare, nanny, preschool or private school while you are furloughed then it wouldn't be so bad but you can't.
Anonymous
01/09/2019 21:23
Subject: Shut down could not have come at worst time withdraw. Some tap
Anonymous wrote:Anonymous wrote:Anonymous wrote:Genuinely curious... Feds can’t even work Target or Gap type place without permission? Sell candles, pampered chef
Unless they get permission, technically no. And why would Target and Gap want to hire someone who could quit tomorrow or in a week? It takes time to go through hiring processes to go through, to do training etc. It becomes a cost to the federal worker who will quit once the Government reopens and the hiring company who invested in that worker.
+1 You have to list your former employment and a contact person on the hiring forms. You think they won't realize that Jane Doe from Department of the Interior isn't going to leave the moment the Government opens? Coast Guard "helpfully" suggested that federal workers babysit and sell their belongings. Our country has become a banana republic.
https://thehill.com/homenews/administration/424613-coast-guard-suggested-employees-hold-garage-sales-babysit-to-ease
This. You can do odd gug economy jobs, but actually being hired by another employer is a problem.
Anonymous
01/09/2019 20:46
Subject: Shut down could not have come at worst time withdraw. Some tap
I think I would also take the TSP loan, pay off the debt, and keep some money for living expenses.
But at the same time, I would cut my budget to the bone to make that money last as long as possible. Once paychecks start back up again, I would take the remaining loan money and immediately repay it, and then begin working the Dave Ramsey baby steps to pay off the rest of the TSP loan and build an emergency fund, while continuing to live on that extremely limited budget for the short term.
It sucks right now OP, but I think you will emerge much stronger, personally and financially.
But at the same time, I would cut my budget to the bone to make that money last as long as possible. Once paychecks start back up again, I would take the remaining loan money and immediately repay it, and then begin working the Dave Ramsey baby steps to pay off the rest of the TSP loan and build an emergency fund, while continuing to live on that extremely limited budget for the short term.
It sucks right now OP, but I think you will emerge much stronger, personally and financially.
Anonymous
01/09/2019 20:32
Subject: Re:Shut down could not have come at worst time withdraw. Some tap
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:How does delaying (or even missing) one paycheck create this problem?
If you owed 20k and for some reason need to pay it back immediately, one paycheck wouldn't make that much of a difference.
Yeah, I don't get this either. Looks like Feds will miss their first payday, and all of a sudden OP needs to withdraw $50k to pay off a $20K debt?
I think she had a house of cards. I think she needs money to pay her current monthly expenses and pay off the debt that is making her budget negative (leading to more debt in ccs).
go back and read the thread. This was explained a while back. You can all pile on Op and make her feel worse than she undoubtedly does already but that doesn’t change the fact that she had a stable job from which she expected a paycheck.
I posted the last comment but I didn't mean it if it seemed to be piling on. I feel bad for OP, when it rains it poors. She was having bad luck before the shut down. I think she should do the TSP loan, wipe out the debt, and put some money in the bank. She has to be under a huge amount of stress.
Anonymous
01/09/2019 20:31
Subject: Shut down could not have come at worst time withdraw. Some tap
Anonymous wrote:Anonymous wrote:Genuinely curious... Feds can’t even work Target or Gap type place without permission? Sell candles, pampered chef
Unless they get permission, technically no. And why would Target and Gap want to hire someone who could quit tomorrow or in a week? It takes time to go through hiring processes to go through, to do training etc. It becomes a cost to the federal worker who will quit once the Government reopens and the hiring company who invested in that worker.
I guess it depends on the agency, but I could work at Target etc without permission, unless I was doing legal work for them. But you are right about hiring and training.
Anonymous
01/09/2019 20:29
Subject: Re:Shut down could not have come at worst time withdraw. Some tap
Anonymous wrote:Anonymous wrote:Anonymous wrote:How does delaying (or even missing) one paycheck create this problem?
If you owed 20k and for some reason need to pay it back immediately, one paycheck wouldn't make that much of a difference.
Yeah, I don't get this either. Looks like Feds will miss their first payday, and all of a sudden OP needs to withdraw $50k to pay off a $20K debt?
I think she had a house of cards. I think she needs money to pay her current monthly expenses and pay off the debt that is making her budget negative (leading to more debt in ccs).
go back and read the thread. This was explained a while back. You can all pile on Op and make her feel worse than she undoubtedly does already but that doesn’t change the fact that she had a stable job from which she expected a paycheck.
Anonymous
01/09/2019 20:25
Subject: Re:Shut down could not have come at worst time withdraw. Some tap
Anonymous wrote:Anonymous wrote:How does delaying (or even missing) one paycheck create this problem?
If you owed 20k and for some reason need to pay it back immediately, one paycheck wouldn't make that much of a difference.
Yeah, I don't get this either. Looks like Feds will miss their first payday, and all of a sudden OP needs to withdraw $50k to pay off a $20K debt?
I think she had a house of cards. I think she needs money to pay her current monthly expenses and pay off the debt that is making her budget negative (leading to more debt in ccs).
Anonymous
01/09/2019 20:19
Subject: Re:Shut down could not have come at worst time withdraw. Some tap
Anonymous wrote:How does delaying (or even missing) one paycheck create this problem?
If you owed 20k and for some reason need to pay it back immediately, one paycheck wouldn't make that much of a difference.
Yeah, I don't get this either. Looks like Feds will miss their first payday, and all of a sudden OP needs to withdraw $50k to pay off a $20K debt?
Anonymous
01/09/2019 18:52
Subject: Shut down could not have come at worst time withdraw. Some tap
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:why dont you work??? Uber, taskrabbit, dogwalker, handiman etc.
Stop. You have no idea what OP has been dealing with in his/her life. Have some empathy.
Retail, restaurants too.
And from another thread, there are apparently a ton of people at whole foods these days. I'm betting they need employees.
But don't Feds have to have special permission to work elsewhere?
Yes, and you can't get approval to do so because the people that do the approvals aren't working either.
+1 So much ignorance on this thread. Feds aren't allowed to take part-time jobs without permission in most cases. No one is there to grant permission to do so because the government is shut down. People wouldn't need to plan for all these contingencies if the USA wasn't functioning like a banana republic at the moment.
Well I can imagine if your approvers aren't working then you can't be pinged for working a second job since there's no one there to punish you. Besides, has anyone EVER been punished for working a temporary second job during a government shutdown? Half of you sound like you're just making excuses to sit around and wallow in self-pity.
Op here. Yes at my agency people have been fired.
Op again. AND I’m actually working. Just not getting paid.
OP and others hurt by this shutdown....I am so sorry. I cannot believe this can actually happen. I hope you get paid soon.
+1
Anonymous
01/09/2019 18:50
Subject: Shut down could not have come at worst time withdraw. Some tap
Anonymous wrote:OP- I hope this is a wake up call to start living below your means. We make a middle income salary by DCUM standards but in order to save we have to live like we are struggling. It’s hard but we are able to use our emergency fund in this situation. Living below our means also meant that we didn’t screw up our credit, so if this shutdown goes past our 3 months of savings, we can do cc’s if necessary. I know I sound like an asshole but this situation that you’re in isn’t wholly the fault of the government.
Yes, you sound like an asshole.
Anonymous
01/09/2019 18:48
Subject: Shut down could not have come at worst time withdraw. Some tap
Anonymous wrote:Anonymous wrote:Genuinely curious... Feds can’t even work Target or Gap type place without permission? Sell candles, pampered chef
Unless they get permission, technically no. And why would Target and Gap want to hire someone who could quit tomorrow or in a week? It takes time to go through hiring processes to go through, to do training etc. It becomes a cost to the federal worker who will quit once the Government reopens and the hiring company who invested in that worker.
+1 You have to list your former employment and a contact person on the hiring forms. You think they won't realize that Jane Doe from Department of the Interior isn't going to leave the moment the Government opens? Coast Guard "helpfully" suggested that federal workers babysit and sell their belongings. Our country has become a banana republic.
https://thehill.com/homenews/administration/424613-coast-guard-suggested-employees-hold-garage-sales-babysit-to-ease
Anonymous
01/09/2019 18:48
Subject: Shut down could not have come at worst time withdraw. Some tap
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:why dont you work??? Uber, taskrabbit, dogwalker, handiman etc.
Stop. You have no idea what OP has been dealing with in his/her life. Have some empathy.
Retail, restaurants too.
And from another thread, there are apparently a ton of people at whole foods these days. I'm betting they need employees.
But don't Feds have to have special permission to work elsewhere?
Yes, and you can't get approval to do so because the people that do the approvals aren't working either.
+1 So much ignorance on this thread. Feds aren't allowed to take part-time jobs without permission in most cases. No one is there to grant permission to do so because the government is shut down. People wouldn't need to plan for all these contingencies if the USA wasn't functioning like a banana republic at the moment.
Well I can imagine if your approvers aren't working then you can't be pinged for working a second job since there's no one there to punish you. Besides, has anyone EVER been punished for working a temporary second job during a government shutdown? Half of you sound like you're just making excuses to sit around and wallow in self-pity.
Op here. Yes at my agency people have been fired.
Op again. AND I’m actually working. Just not getting paid.
OP and others hurt by this shutdown....I am so sorry. I cannot believe this can actually happen. I hope you get paid soon.
Anonymous
01/09/2019 18:46
Subject: Shut down could not have come at worst time withdraw. Some tap
Anonymous wrote:Genuinely curious... Feds can’t even work Target or Gap type place without permission? Sell candles, pampered chef
Unless they get permission, technically no. And why would Target and Gap want to hire someone who could quit tomorrow or in a week? It takes time to go through hiring processes to go through, to do training etc. It becomes a cost to the federal worker who will quit once the Government reopens and the hiring company who invested in that worker.
Anonymous
01/09/2019 18:33
Subject: Shut down could not have come at worst time withdraw. Some tap
Genuinely curious... Feds can’t even work Target or Gap type place without permission? Sell candles, pampered chef