That would be an indirect impact. And only if the retiree cashed in his entire retirement portfolio right at the bottom of the crash.

Bottom line, the day they died, all federal checks are stopped. Their tax obligating stops (duh) but so do all their expenses. Either destroy or send the checks back.

Someone's got to do it and it ain't me, the gubmint sees to that! ;)

I remember a thread several months ago about a neighbor or friend who had a portfolio invested in a very safe haven that historically paid about 4 or 5%. We all criticized it because of the lost opportunity of such a conservative strategy. Myself included.
But for the months of March and April, that strategy was brilliant. In the long term is was still a bad idea, but that's another thread.


It's not the gubmint's job to be safety net fer folks who stick their necks out too far, or need that big screen TV or the 24" dubs more than they need to put some money in the savings account.

But that's not really what this thread is about either.
It's about "is it OK to steal if I can get away with it?"
Most say no. A few said sure, you won't get caught. :rolleyes:
The OP came through with flying colors because he knows what's right and is doing it.


But I like threads like this, they shine light on the individuals who know right from wrong and and also the few who don't.

Most everyone knows right from wrong, just some figure they are special and deserve something for nothing, and "everyone else" is doing it, so why not. It does not make it right. Wrong is wrong always.

Not if you were living off of interest and dividends from your investments. In that case an impact to your principal value would impact your income. Not that it somehow makes it ok to not have an emergency fund in the event that crap happens.

"The government will get back the checks sent to deceased persons, ever penny of it."

https://www.dallasnews.com/news/politics/2020/04/30/irs-sent-1200-stimulus-payment-to-dallas-woman-marked-as-deceased-on-the-check/

I’d keep the checks in my safe so I could prove to the irs that they were never cashed.