post #1 of 1
9/18/11 at 6:20am
Thread Starter 

Hey Mamas,

I am looking for anyone who knows the details on NJ Snap Asset criteria?  Specifically, would IRAs be considered assets?  And what are the current asset levels in general.  

 

We are a family of 4, no income coming in for a year now but we have 2 IRAs that if we touch, we lose 40% in taxes & penalties on anything we pull out.  We do own our car but it is 4 years old & had 75,000 miles on it.  Not sure if they still have the car rule in NJ either???  I know 24 states completely relaxed the criteria but I think NJ wasn't one of them so I am trying to figure things out.

 

 

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