I'm sorry to hear that It is so hardMy handicapped son lives in a group home and we will not be able to even see him til this is over.
Today is his birthday.
This pandemic made me realized that cash truly is king. These days selling stocks, jewelry and most other items would incur significant loss.The question is kind of hard to answer, probably survive a year on our liquid assets, but if we sold stocks, property, jewelry, non-essential goods, we'd could probably survive a few more years....
I'm so sorry @luv2sparkle. Praying he remains safe and well and that you do too and that there are many many many happy birthdays you can celebrate together.We just retired on 2/14 but haven't started getting checks yet. We will still have money coming in from payouts from sick time and a few other things. We could go on for a while. All of our retirement/deferred comp money is in a stable income fund but I haven't dared to look at it. When retirement starts paying we will be just fine, but I may need to help my daughter and sil. Thankfully, my adult children are still living with us, so I won't have to worry about how they are doing. One, has been on disability after being hit head on by a gentleman from another country driving on the wrong side of the road, one completely laid off from two restaurant jobs, and one recently home from teaching overseas for almost 10 years.
My handicapped son lives in a group home and we will not be able to even see him til this is over.
Today is his birthday.
Not to make light of the financial situation but truly good health is King, Queen and everything in between. Without that nothing else matters.This pandemic made me realized that cash truly is king. These days selling stocks, jewelry and most other items would incur significant loss.
The losses are on paper if the stocks aren't sold no real loss. Yes, they seem big because of the stock market over the last few years. It will return. I also have a rental and wonder if my tenants will be able to pay the rent.I don't have anything to draw from. Even if I live to 200 yrs old I'll still be taking my $3k tax deduction on stock losses.
My BIL & SILs both have rental properties, but if their renters loses their jobs how the heck they gonna pay rents?
I don't feel like I even have that luxury because of the kid and husband! If hubby carks it I'll have to exist for the kid and the dog.I can’t. And I’m usually not so much of a nihilist because I have children, but this is just an absolute sh!t show.
I am so very sorry @Asscherhalo_lover for your husband, you and your family.
Thank you all, he tried applying today as soon as he got off the conference call and was told not to clock back in (they didn't even let him finish the day) BUT apparently he's already made too much money this week and has to wait for his assigned day next week. We have NEVER been on unemployment and honestly have no clue how this all works.
if I live that long and my brain doesn't fail me, I most likely will too (only usbecause Im a workaholic...lol). Only way we wouldnt make it is if the dollar went to straight shit. we made a point to have cash thats not tied up in anything. we couldn't ball out of control on it (we don't now...lol) but we have enough for 2 years if needed.A year on cash, if we're really tight, and a few years if we liquidate. If I thought I was never going to be able to retire, now I know I'm never going to be able to retire
Mind you, I'm hoping I get the privilege to work until I'm 95.