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Achillia

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  1. My thoughts exactly. Our economy has managed to not completely tank this past year, in large part because of this kind of spending. Maybe some people are buying sneakers, but the vast majority understand this is not permanent, and they are at least managing to keep their rents paid while we wait for jobs to come back. This is not a "political" statement. It really is an observation on how the economy works. If this is really too political for CB, then maybe this whole thread is too political.
  2. Yes, paper returns-- I did my taxes with TurboTax, but printed out the forms and mailed them. This was, ironically enough, on the advice of the IRS some years back when I had an identity theft issue. They said I would not be able to file electronically. In both cases, I sent in the tax forms-- then later sent in the checks for what I owed. My account shows that the checks were received, so somebody over there is opening the mail! I could show a mortgage broker my copies of my forms and the cancelled checks that show I am paid up for what I owe, but it sounds like they need somethin
  3. Yes, I have an online account. It says the 2017 is the last year they have processed. They *have* processed all of my payments though. It is also a little weird that I would never have received a notification from them about 2018. I'll take a stab at requesting transcripts, but I am anticipating that they won't be able to produce them since they they have not received my forms. Btw, I sent paper forms in rather than filing electronically-- I will bet anything the forms are in a mountainous pile that would make Rumpelstiltskin run screaming.
  4. It sounds like there are alternate ways of doing this then. Part of my problem is that my job only accounts for half my income-- but again, I have my own documentation.
  5. The Form 4506 won't be useful though if the IRS hasn't processed the return though, right? I can provide copies of my return since I have them, as well as proof that I paid my taxes owed.
  6. I just found out via my IRS account that my 2018 and 2019 have yet to be processed (though the IRS did process my payments). Probably due to COVID, they are impossible to reach-- I have tried all week. I'm aware that to apply for a mortgage, i will need to present my tax forms for the past two years. Am I at a standstill if they have not processed my forms? Or can I simply show the bank my copies of my tax forms and other relevant documents? I am assuming they mainly need to see my AGI. Seriously though: wassup with the IRS? This is a major roadblock!
  7. This is why I stay clear of mutual funds! I mean holy sh*t, this, this. It's also why I have hesitated on hiring a financial advisor. It's amazing how much those guys take. I interviewed one who said he would sell everything I have in the stock market and put it all into mutual funds. Scccccrrrreeeeaaaammmm. Really good article btw. This one hits close to home for me. I'm 57 and have a million as my net worth, and especially now with everything that is happening in the world, no, I am not resting easy. All kinds of things can go wrong.
  8. One thing to consider would be a charitable remainder trust-- I can give 500K to my alma mater and reap a 5% annuity for the rest of my life. Not bad. I am considering this.
  9. I would love to be able to time my death to the exact moment I run out of money. Problem is I have no idea how long I will live. Ugh.
  10. This. The average unemployment check, even with $600 tacked on, is a pittance. The end date for when benefits end with no possibility of appeal *always* looms in your mind. If you lost your job, you probably have no health insurance. Everything that doesn't have absolute immediate importance has to be put off. The anxiety is overwhelming. So many people assume it is a choice, but live or die really isn't a choice. The big irony for me is that we are now learning just how valuable so-called "unskilled" workers actually are-- our economy would crumble without them. Maybe it is time to pay them m
  11. Oh come on, of course utility bills are going to go up: we are all at home all of the time! Normally I would be in an office taking in the AC and using their electricity. Now I get to pay for everything. This, on top of having to take a whopping pay cut so that I can have the dubious pleasure of continuing to have a job. Oh and let's not forget that the home office deduction no longer exists!
  12. I lived for three years in Turkey, back in the nineties, teaching English. Not as extreme as what you describe, obviously, but in general people had less, shared more, and took care of one another, and were not especially attached to status symbols. Back when I was there, you could live very nicely on 12K a year, provided you lived simply and did not buy anything imported. Turkey has a reasonable social safety net, free healthcare, free education, subsidized childcare, etc. So 50K in Turkey back then would have been ridiculously wealthy. Fact still remains, in the US, it is not--
  13. One strategy homeless people have used in the past is to get an account with Mailboxes-- you can then use the address of your branch as your legal mailing address. I don't know if this is still legal. I just remember the olden days when I was once in the position of having to find a job *and* an apartment at the same time. Oh man, did that blow chunks.
  14. One reason we refer to the economic system is that the economy really is a system-- we are all in this together, and if a huge swath of our system falls permanently into poverty, we all suffer. This isn't a cake to fight over. This is emergency aid designed to keep our economy from sinking. It makes sense to send the aid to those who need it most. We will *all* be doing better later if most of us can at least manage to stay afloat. Those of who are upper income especially. For example: I have significant investments in a REIT fund which has brought in a very nice ROI ov
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