Surprise Check...

We got a letter from SCB's momma in the mail yesterday. I guess he received some mail at their house and because it looked official she opened it before she tossed it... and a goof things she did.

It had a check in it!

2 years ago SCB was working for a school as a part time hourly paid janitor, he had a small retirement account (either a 457, 401k or an IRA). I guess they have made changes to their personnel policies recently. According to the letter we got, they no longer keep inactive employee's accounts if they are under $1,000.00. So, since his balance was $261.82, they withheld 20% for taxes and gave us a check for $209.46. 

We could attempt to call them and try and roll over the funds, but SCB doesn't have a retirement account yet...

He proudly handed me the check and asked what we should do with it... (awe)...

I told him we pretty much had 2 options for it... and that I would let him make the final decision.

we could: 

• A) Try and put it in a Retirement account at ING Direct for him in a CD earning maybe 1.5%(Since its not enough for an initial deposit elsewhere) OR
• B) we could put it towards paying back his parents since he hasn't had any work in a week and a half through Labor Ready (and he feels horrible that he got sick that one day and couldn't go in...).   

He decided we'd put it towards paying back him parents.

$959.00/$1,500.00  = $541 to go... 24 more days to go till the wedding (when we'd like to have it paid off)...