My husband is 57 and has been out of work for 2 years. We have been living on savings and I watch our grandchildren while my daughter works. She helps us out in many ways. To be able not to dip into our savings our daughter has been helping out with our house payment which is less that she would pay another babysitter and she is happy it is us and not a stranger caring for her children. This averages about $400 a month.
We haven't filed a tax return because we were under the impression that anything under $5000 a year we didn't have too. Is this correct?
He has a IRA in the bank but cannot touch this till he is $59 1/2 we were told. But the interest rates really stink on this money.
We do suppose that we may have to take money out of his IRA before he reaches 59 1/2 but we are really trying not too.
I have no medical insurance and my husband can go to the VA hospital if he has too but not me.
We haven't filed a tax return because we were under the impression that anything under $5000 a year we didn't have too. Is this correct?
He has a IRA in the bank but cannot touch this till he is $59 1/2 we were told. But the interest rates really stink on this money.
We do suppose that we may have to take money out of his IRA before he reaches 59 1/2 but we are really trying not too.
I have no medical insurance and my husband can go to the VA hospital if he has too but not me.