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re: What y’all planning to do with your gummit checks?
Posted on 3/20/20 at 12:15 pm to TideWarrior
Posted on 3/20/20 at 12:15 pm to TideWarrior
quote:
I'd prefer they just defer rent and mortgage payments for 90 days.
Some banks are already announcing this. I saw this morning Suntrust(Truist) I believe was one of them.
Defer or forbearance? Defer, you can just pick up where you left off with payments. Forbearance, which is what they did with most of the victims of Hurricane Michael, they just delay your payments till the end of the forbearance period. That doesn't help worth a shite. You get to skip your payment for 90 days or whatever, then on day 91, you've got 3 to 4 mortgage payments due.
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Posted on 3/20/20 at 3:16 pm to TidalSurge1
quote:
Retirees struggling to get by on Social Security retirement benefits might not get a check at all. They don't have to file tax returns. They paid taxes for 65 years though, before they retired. Seems fair, NOT.
If they are struggling, they must not have saved properly for retirement. I would say they are getting bailed out every month by receiving a check. And the stimulus check program being contemplated currently is to help with job cutbacks and losses. How do current retirees factor into this?
This doesn't even touch the fact that current Social Security recipients are receiving checks at formula amounts my age group will be lucky to get at even 75% of current levels.
Didn't think this one through, did you?
Posted on 3/20/20 at 3:46 pm to LovetheLord
quote:
How about you?
I'm stocking up on weed. Gonna be a long quarantine.
Posted on 3/21/20 at 4:09 pm to LockDown
quote:
If they are struggling, they must not have saved properly for retirement.
Not everyone had extra income above their cost of living to save and invest for retirement.
quote:
I would say they are getting bailed out every month by receiving a check.
I would say they earned it and likely paid more (including their employer's matching SS tax payments) into SS funding than they'll get back in retirement benefits.
quote:It's also to help stimulate the economy. Hence the term "stimulus" check. Why shouldn't modest income retirees factor into that? Why do employed people unaffected by job cutbacks factor into that moreso than modest income retirees?
And the stimulus check program being contemplated currently is to help with job cutbacks and losses. How do current retirees factor into this?
quote:
This doesn't even touch the fact that current Social Security recipients are receiving checks at formula amounts my age group will be lucky to get at even 75% of current levels.
Is that the current retirees' fault? As you indicated above, you should be saving for your retirement, so you don't have to be "bailed out" by SS retirement benefits. And what does that projection have to do with who does or doesn't get a coronavirus stimulus check?
quote:
Didn't think this one through, did you?
Didn't think this one through well, did you?
This post was edited on 3/21/20 at 7:11 pm
Posted on 3/21/20 at 6:00 pm to pvilleguru
I was in the hospital for 2 weeks and after insurance I owe about 6 Grand so anyone that doesn't want their check shoot me a message !! 
Posted on 3/21/20 at 6:02 pm to CrimsonPlanet
quote:
CrimsonPlanet
quote:
Prattville
Hey baw, what side of town do you live in?
Posted on 3/21/20 at 6:05 pm to TidalSurge1
quote:
I would say they earned and paid more into Social Security than they're getting in benefits.
While I don't agree with the arguments of the poster you're replying to, this is incorrect. According to AARP most people will end up getting more back from social security than they paid in.
Posted on 3/21/20 at 7:11 pm to JustGetItRight
Thanks for that link. Pretty good article. It said married couples and higher and lower income earners are more likely to get more back in benefits than they paid in. But I wonder if they're counting the matching SS taxes the employer(s) paid in, as well as the investment earnings (for decades) on the paid-in funds. That'd be more comparable to the total you'd have if it had been a 401K plan instead of SS. As long as a retiree's benefits don't exceed that total, he/she isn't reducing the SS fund.This post was edited on 3/22/20 at 9:38 pm
Posted on 3/21/20 at 11:29 pm to Glorious
quote:
I’ve refrained from getting an Xbox 1 because I seriously don’t need it but might have to pull the trigger
Save it for the ps5. No need to waste it on the X-bone
Posted on 3/22/20 at 7:22 am to TideSaint
so deferring rent hurts the people who owns the house? And deferring mortgage payments hurts the small bank who is struggling now. Maybe defer FHA, VA and Hud backed loans if you can prove you suffered a hardship.
I plan on giving half of mine to a local food bank.
I plan on giving half of mine to a local food bank.
This post was edited on 3/22/20 at 7:29 am
Posted on 3/22/20 at 7:27 am to CrimsonPlanet
quote:
I was in the hospital for 2 weeks and after insurance I owe about 6 Grand so anyone that doesn't want their check shoot me a message
And this is why I'd prefer that my $1000 go towards starting some sort of universal healthcare fund.
Posted on 3/22/20 at 8:23 am to pvilleguru
You could donate it to Crimson Planet's healthcare fund.
This post was edited on 3/22/20 at 8:26 am
Posted on 3/22/20 at 8:59 am to CrimsonBoz
quote:
Ford is over 12% right now. I’m enjoying the dip while collecting the yield.
Not to be that guy... But Ford yield is now 0%. They suspended the dividend to persevere capital
Posted on 3/22/20 at 10:03 am to 14&Counting
I'm growing CBD. Not weed but close! No gummit check for me or wife! Y'all enjoy them if you get one.
Posted on 3/22/20 at 10:31 am to Keytide
quote:
I'm growing CBD. Not weed but close!
Cannabis is cannabis is cannabis.
Posted on 3/22/20 at 11:06 am to MoarKilometers
Right on brother!
Posted on 3/22/20 at 5:14 pm to Keytide
Appears the checks may have hit a snag.
Now the House Democrats are drafting their own bill.
Never let a crisis go to waste.
ETA: The stimulus bill failed to pass in the Senate.
Now the House Democrats are drafting their own bill.
Never let a crisis go to waste.
ETA: The stimulus bill failed to pass in the Senate.
This post was edited on 3/22/20 at 6:17 pm
Posted on 3/22/20 at 8:56 pm to TideSaint
quote:
Appears the checks may have hit a snag.
Now the House Democrats are drafting their own bill.
Never let a crisis go to waste.
ETA: The stimulus bill failed to pass in the Senate.
The Dems want more money for hospitals and more limits placed how corps will be given money.
The bill has also grown to 2 trillion.
Posted on 3/22/20 at 9:18 pm to LovetheLord
I won't be getting one. Congrats to all that do. Hope for the best.
Posted on 3/22/20 at 10:00 pm to TideWarrior
The dems want to throw in student loan debt cancellation in the bill.
Why is the dems so determined to forgive students who borrowed money to go to college? But not average people who borrow money to buy houses, etc? What's the difference??
If the students knew they were getting in over their heads, they should have got a job and saved money for college instead.
Why is the dems so determined to forgive students who borrowed money to go to college? But not average people who borrow money to buy houses, etc? What's the difference??
If the students knew they were getting in over their heads, they should have got a job and saved money for college instead.
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