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T.P. going to send every dime on tp.......not
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Its "bad for the economy" if people didn't spend their moneyThe whole things stupid. Trillions of dollars to people AND corporations that should be able to weather this If they made better financial decisions. Like when financial experts recommend a six month buffer, this is why. People with a nicer newer vehicle than they need with a several hundred dollar a month weed and Starbucks habit shouldn't get it.
But a timbersled
Yes it "should be" no big deal but, the problem is in the world we live in it is. A LOT of people are out of work or soon to be. A LOT of them will have nothing to carry them over. Leave a huge portion of the populace out in the cold and guess who they will vote for? Of course if they get the Socialism that "sounded " so good they will soon find out they shot themselves in the foot. Sadly it's very hard to gain freedom back once people have willingly given it up.The whole things stupid. Trillions of dollars to people AND corporations that should be able to weather this If they made better financial decisions. Like when financial experts recommend a six month buffer, this is why. People with a nicer newer vehicle than they need with a several hundred dollar a month weed and Starbucks habit shouldn't get it.
But a timbersled
I don't qualify, and I'm fine with that. There are millions of people out there who need it more than me right now.
The whole things stupid. Trillions of dollars to people AND corporations that should be able to weather this If they made better financial decisions. Like when financial experts recommend a six month buffer, this is why.
But a timbersled
I have a one year buffer in my checking account and what was supposed to be a lifetime buffer in my IRAs and 401K. I also am several months ahead on my mortgage payments. That is after putting about $10K into a car I bought for my daughter that then needed repairs, and then paying about $30K in med/dental bills last year. Ok, still good - as long as I have a job.
But I did not plan on losing 20% of the value in the retirement funds - those were supposed to be for my daughter, not me, but I had counted on them being a backup if needed.
Combine that with two out of three of my family now being unemployed and on unemployment, myself now being without health insurance (I need to get medicare now - another expense).
It just has all happened at a very inconvenient time: first one person was unemployed, ok, I was working, I can back them up. But then I lose $80K (on paper) from my backup. Ok, I was still working, I can just work longer than I planned. Nope - now I am unemployed and I can't touch my retirement funds without taking a 20% loss if I cash any of it out.
Add on top of that, COVID, a coming recession, both of which make my plans for selling my property iffy at best (who buys property at my best price, when there is a recession and their job is iffy?).
The check is meh - nothing.
The extended/expanded UI benefits? BIG deal, for all of the people I know that were just laid off unexpectedly (5 people at work, 1 person I know online who was barely making it, often working multiple jobs to make ends meet, now is stuck in N. Dakota unemployed still snowing, getting $260 a week on unemployment).
No, if we are smart, we won't go out and spend that money on a Timbersled, but we should be able to at least keep a roof over our heads, food in the fridge and the lights on. That will make a difference. Hopefully enough that it won't be a repeat of 2008.
I have wanted one for years, but now I think I won't ever have one unless I get a job and one that pays better than my last job, and even then, I would probably have a heart attack riding it. Last night packing up all my stuff and moving it to my car before the doors locked at 6 PM produced angina and I was going to take a nitro pill if it didn't go away. Can you imagine what riding a bike in the snow would do to me?
I'm confident that your skills will still be in demand once everyone comes out of their bunkers.
We'll be donating to local food banks.
You've reached full retirement age. Go for it! Top SS benefit is $2400/mo plus Medicare.Doesn't help right now and I used to think that way when I lost my job, but then discovered that there were thousands of people just like me on the UI roles competing for the same jobs. It is even worse now - I am 66 and the tech sector has a bad rep for age discrimination.
Stupid idea after seeing what the heck a timbersled is.... if anyone still have the much ballyhooed 3 wheel ATVs (c'mon, you know what I'm talking abt ); maybe a modernized take on the Klein Kettenkraftrad semitracked motorcycle? Basically swap a coupla of those modular tracked units on the back of the 3 wheeler and add a larger cargo deck
Back on topic. I wonder for those who don't plan on keeping their checks; maybe donate to certain causes as mentioned somewhere above, and maybe to NWFA? could be anonymous.
You've reached full retirement age. Go for it! Top SS benefit is $2400/mo plus Medicare.