We don't have direct deposit because we OWED taxes last year, which was really strange, as my husband was on unemployment half the year and we made
less money than we ever had. So we sent a check. Now, we have had direct deposit on file with the IRS for many, many years, but not LAST year. And
this year, well, we owe this year as well, but as we are totally broke right now, we are going to delay writing our check until July. So the
government will not be direct depositing our money.
I know they SAY that they will have an app by the end of the week where we can enter our bank routing information. Because WHAT CAN GO WRONG? We'll be
getting the app along with millions of other people and wait months and months for our money, IF we ever get our money. $2400 is a total joke.
My husband is retiring on April 30th. He had already put in for his retirement and the process was half completed so there's no getting out of it
now. However, we received notice right after the shutdown began that there was one little bit of paperwork that the retirement board still needed
(court copies of a 35 year old divorce, because the ORIGINAL DOCUMENTS are apparently not good enough for them). But guess what? Now the courts are
closed and they won't do mail orders for certified divorce papers. When the court reopens it will be absolutely teeming with people wanting to do
their family court business, and there are no appointments for this particular paperwork, it's in-person only and first come, first served. I am
immunocompromised and my husband is 64 years old. If we survive the family court ordeal without catching COVID19, we will still have to wait, probably
months, for his pension, because we will have missed the 60 day deadline to complete the retirement paperwork, and therefore the payments, when they
start, will likely NOT be retroactive.
So, come April 30 my husband will no longer be working but his pension will not start probably until sometime in the fall, I'm guessing. We had
planned to delay Social Security, but now it looks like we will need to start getting Social Security immediately to make up for having ZERO cash flow
for months and months. The problem? So will everyone else. Guaranteed, the minute this thing is over, the Social Security office will be inundated
with new applications. Normally the SS process takes two months. I bet it will be at least four, probably longer, before we can get a social security
check. So, ZERO cash flow.
Well, we can use the 401k, right? NOPE. The administrator rules for our 401k state that you cannot take a distribution unless you are already retired.
Which my husband is not, and will not be, for at least a few more months, even though he filed the papers in January, ffs. And besides, the 401k is
30% GONE. We tried a few years ago to move it into a safer place, but that's when we found out the administrator rule that even if you're 59.5 years
old, you can't touch it until AFTER your retirement papers are processed. So not only can't we touch it right now, but anyway we don't really want to,
because to do so would LOCK IN the losses. We'd be selling low.
Right now we are living on a little bit of savings we had, but it won't be enough to last forever, and we have a mortgage we won't be able to pay,
starting sometime this summer. That $2400 is a drop in our proverbial bucket.
NONE of this would have happened if it hadn't been for COVID19. I am not a big fan of complete shutdown. I am in favor of reasonable social isolation
and personal measures such as masks and gloves (worn and used properly), combined with massive, widescale testing and actual quarantine of those who
test positive - away from their families.
I am definitely glad to live in such a prosperous place as the USA and to have all these options (pension, Social Security, 401k, relief checks)
available to me! I don't want to seem ungrateful, it's just that none of it, NONE OF IT, helps us RIGHT NOW. I am very skeptical about actually
receiving money from the government. For some reason, our case is always (and I mean ALWAYS) delayed or outright denied because of some stupid
clerical error or problem with paperwork. Whether it be unemployment, or tuition reimbursement, or IRS relief money, I'll believe it when I see it.
Call me a pessimist, but from personal experience with government programs, I wouldn't be at all surprised if ours never comes at all.
Sorry, rant over.
edit on 14-4-2020 by OuttaHere because: Corrected amount from $1200 to $2400 because there are two of us, lol