Hi there, I just had a question about the cares act. I got lucky enough to keep my job during this whole pandemic, reading through the rules, I had thought I had qualified for the CARES act withdrawal and gone through fidelity. I took out about 2.9k from my investments as a withdrawal. Come to find out when I was speaking with one of my co-workers, who better explained the act to me and I do NOT qualify.
Called Fidelity and they could not cancel it transaction, informed me I have 3 years to pay it off. I'm debating just using it to help my parents out who have been affected by COVID-19 indirectly, but nothing outlined in the CAREs act.
Any suggestions what I should do?
TLDR: I am stupid and withdrawal early. Debating about using it to help parents, but rather not commit fraud, if audit, but likelihood of being audited is tiny, but again, accidental derp on my part. Probably should return it and do a hardship loan instead.
Thank you !
