The IRS recently provided guidance regarding eligibility under the CARES Act and specified that a qualified individual includes an individual who has a reduction in pay (or self-employment income) due to COVID-19.Distributions:If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.

I will have basically zero expenses because I live with my parents and I will be saving hopefully 90-95% of my income.

I have moved out of the property due to an emergency health issue to live with my parents.

In my limited experience with HOAs (I refuse to buy in one, but my parents have had terrible dealings with at least two of them), they're Little Kings of their Little Kingdoms, but they tend to fold like an empty shirt when confronted directly.

My parents live in one side rent-free (and retain a life estate on the property).

After some poor experiences with chaperoned school groups, I now require everyone in the home to be 25 or older unless accompanied by his/her own parents.

The IRS recently provided guidance regarding eligibility under the CARES Act and specified that a qualified individual includes an individual who has a reduction in pay (or self-employment income) due to COVID-19.Distributions:If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.

You got in the game and now your taking a constructive look at how to improve, its what the professional in every profession do - Sports - business - entertainment- Parenting !!

The parent transfers income to a lower tax bracket.It's valid, but it has to pass the sniff test without being eyebrow raising.

@Elise Marquette I am in the process of getting a credit card right now and I just got out on as an authorized user of my parents credit card.