If you are getting Social Security, they will have your routing number.I'm putting half in the bank and giving half to local charities. But I ended up owing a small amount the last couple of years so I'm not sure they have my routing number. Hopefully the check is in the mail.
Went to game stop for my sons birthday last week steady stream of people for preorder show my license they stick the game out the mail slotDid not get it yet. But will save it for now.
On furlough. No unemployment yet after 2 weeks.
Interesting how Best Buy sales are way up.
We are going to donate all of it to the Regional Foodbank of NENY. Have you seen the long lines of cars at foodbanks in San Antonio and elsewhere? These people really need our help. Please consider donating something to your local foodbank, pantry or soup kitchen.
My wife and I are eligible and have already seen the deposit show up in our bank account. We are retired, and have very few expenses beyond food and insurance. So I am not sure how valid this payment is to us. I am sure many others are more in need. Still unsure of the ultimate dispostion of this cash infusion. We are grateful that we are secure, and just hope to continue to be able to find the few things we need in the grocery store. But our lives are relatively unchanged.
I am sure they would like people to spend the money locally to boost the economy. But there is nearly nothing open here. And those business that are open are primarily large national chains. For now I will hold off spending until the kids and grandkids are okay. Then donate to local food banks what is left.I'm somewhat in same situation as you, except no wife for me. I also wondered how valid this payment is to myself. As you said there are many more others in dire need. Like you, this COVID-19 has not changed my income sources. The only thing I can think of for reason just about everyone will get the stimulus money, whether one is retired or not, is to get the money out as soon as possible.
We have decided that we will spend 100% of it in local, one-location small businesses as quickly as we reasonably can. These places are a major piece of the economy and pretty much define the community you live in and probably employ(ed) your kids or grandkids. I fear if we don't actively support these places, we may be left with Walmart, Amazon and nothing else when all is said and done. That would be a shame.
If you are eligible to receive anything, what will you do with your piece?
No political statements PLEASE! It's happening, voted in on a non-partisan basis, and I'm just curious where people will apply this money. Savings? Routine bills? What?
If you are retired and receive social security from SSA or SSI, this is the information you will receive from IRS site. Don't worry the misleading message I got the same as yours.I went to the IRS website where they have a "Get My Payment" link. They tell me that I'm not eligible - but I am.
Assuming I get a check I'll probably spend it on travel. We've had to cancel two planned trips this year already . One to Bermuda and one to Spain.
We were ordering out once or twice a week to support our favorite local owned restaurants. We decided to stop. Partly because of safety concerns but also because most of what we ordered was just not good. In a couple of cases it was inedible.
I am sure they would like people to spend the money locally to boost the economy. But there is nearly nothing open here. And those business that are open are primarily large national chains. For now I will hold off spending until the kids and grandkids are okay. Then donate to local food banks what is left.
Because the phase out of the stimulus begins at $75k for individuals, and goes to zero at $99k. That level of income is not exactly uncommon in Connecticut where to make the top 1% you need to make over $750k/year.