Personal Finance Changing companies is worthwhile even while in a low level position. |
- Changing companies is worthwhile even while in a low level position.
- 60 y/o retiree needs your input
- I want to retire early, max my IRA/401k? Best way to plan on accessing the money early?
- How do I stop feeling bad about declining social invitations because there's no more room in my budget for them?
- 1099 vs. W2 employee
- 10k Cash. Cheapest most reliable car?
- Contributed to Roth IRA, now over earnings limit. Now what?
- stopping outside withdrawals from bank account
- My SO and I work the same job as auto adjusters in the bay area, will 60k each be a livable wage?
- Help me negotiate better salary, RN for first management position (Atlanta, GA)
- 1095-A (healthcare) tax question
- Wondering if Trump's tax cuts change the equation regarding whether to use pre-taxed(roth) vs tax-deferred(401k/403b) savings strategies
- How do I get on top of 10 years of un-files taxes? And what should I expect?
- Ex-employer notified me they made an accounting mistake and contributed too much to my 401(k) US-WA
- Not earning enough to get by. Should I/How should I attempt to lower my mortgage and cc payments?
- On the financial brink... Should we sell our home?
- Was young and naive, bad business deal is ruining my credit [Debt]
- Citigroup Is Refunding $335 Million to Credit Card Customers.
- My scholarship was taken away from me and I don’t know what to do now
- Need some help... discovered I've had no health insurance for months!
- College Student. USA, Ohio. 1099 worker. How do I figure out taxes.
- How do I get as close to zero refund as possible for 2018 taxes
- How should I negotiate this job offer?
| Changing companies is worthwhile even while in a low level position. Posted: 24 Feb 2018 06:23 PM PST I'm basically just a stock boy. But I've been doing it for three years now. My old job was cutting my hours and I really couldn't afford to just stay there. I spent over a month trying to find a second part time job with little success. Until I decided to apply for a new full time job with some competitors. It meant giving up on having two jobs and getting more than 40hrs a week, but no one wanted to give me a part time job with the odd hours stockers have to work. I got a call from one store within an hour of applying. And took a job from a different store that did the entire hiring process over the phone in one day because they didn't want to wait and have someone else make an offer before I could come in for an in person interview. Now I'm making about 20% more, getting full time hours, and possibly most important of all will have health insurance (something my old job didn't provide). I was surprised how in demand someone with experience can be, even in a low level position. Although if your job is anything like mine you've had to put up with an endless stream of shitty new hires who couldn't do a job even as easy as stocking. So it makes sense why managers and hr are excited to see what should be a sure thing applying. This subreddit is full of information that has no use in my current financial situation. But I encourage everyone to look around at your other options. Even if you don't have a degree or certification or a real carrier. Companies are always hiring for low level positions, and some of them are willing to pay more to not have to train someone or worry about them not being capable of the job. TLDR: If a stocker can get a 20% raise by changing companies you should at least give it a shot. Also I'm on mobile and I always see people apologize for that with formatting so hopefully this doesn't look crappy. And I don't think I'm breaking the rules by posting a success story. The details of my own experiences are just there to help anyone else in a similar position realize this applies to them as well. I've seen plenty of posts about changing companies that I didn't feel like applied to me, so I tried to make a post that would've gotten me to explore my own options sooner. [link] [comments]  |
| 60 y/o retiree needs your input Posted: 24 Feb 2018 09:35 AM PST Edit: Thank you, everyone for the input. I guess I'll try and stick it out where I am at for now and continue to research more options and save more. Just wanted my independence again a bit too soon. At least I have clarified some goals in my mind. Again, thanks all! Sorry this is long but it's important to my life. Basic info: I am a retired/disabled veteran in WA State. Some time ago I went through a divorce and lost most of my 401k of which only $27,000 remains. Lost my job and not really employable anymore. I have over $6,000 in savings. I'm living on about $1600 fixed income and my only debt is $3,200 in credit card debt. Monthly bills are the usual. Credit score 800+. I've been going through severe depression so I've been living with a family member for 3 years and paying their rent of ~$500 a month. Now: I need my own space and just can no longer function being cooped up in someone else's place anymore. I really need to get my own place. Rent is high out here and a small mortgage seems more affordable. My calculations show that though it might be close, I can swing getting a small, modest mobile home for less than $20,000 with a VA loan and good down payment as long as mortgage and lot rent combined are ~$500. Now here is the decision: I found a place online that is a 4 hour drive from here. It is going for $18,000 and so far it seems perfect for me and seems like the last move I would ever need to make in my lifetime. But, the lot rent is $530 and cost of utilities combined are a just little higher than I'd prefer. I have a few years left before I can get SS so it would be risky to go for it but it might be worth toughing it out until then. I could go through the whole mortgage BS or I could just cash in part of what is left of the 401k and pay cash. If I do that then obviously the lot rent would be my only major responsibility but the increase of the cost of the utilities makes me a little apprehensive. So, my question is: With all of the information given, In your opinion, do you think I should risk cashing in most of my small 401k and go for it and pay the entire $18,000 forgoing a mortgage payment? It's been many years since I had a mortgage so am I forgetting any essential input of information to help me decide? I am also a bit apprehensive about almost wiping out over half of what little is left of my 401k but then again, it might be worth it. The home is open to view this weekend so any ideas to help me decide would be a tremendous help. [link] [comments]  |
| I want to retire early, max my IRA/401k? Best way to plan on accessing the money early? Posted: 24 Feb 2018 08:48 AM PST I am going through a mini-midlife crisis and pondering financial freedom/early retirement. Wife and I both make near 6 figure salaries but are getting burned out. I figure if max my IRA contributions and 401K for several years I could have 1 to 1.5 milllion saved (depending on the market), primarily in retirement accounts, and have my house paid off. I see very little guidance on the best way to access this though money in your 30s/40s/50s though. It makes sense to put as much as possible into tax deferred (up to 48K between 401K and IRA for a couple) if I plan on living frugally in retirement. That leaves about nothing in non-tax deferred savings if I go that route. .. So lets say I retire at 40. I assume I start using Rule 72(t) to take out money with a SEPP? Is this easy to navigate/a smart way to plan things. My understanding is you have to continue to take the same size payments until 59.5. What if I give up on retirement and go back to work full time? I just haven't seen much on this topic but it seems super important for well compensated people considering early retirement. [link] [comments]  |
| Posted: 24 Feb 2018 05:51 AM PST I'm a pharmacy student with a growing student loan balance and have established a fairly tight budget (eg. $1100 in expenses/month) to reduce what I have to borrow. I set aside money each month for fun: dining, drinks, concerts, etc. but when I hit that limit I quit. Several times I've had to turn down friends' invitations to do things because I don't want to overspend. It's not that I don't have the money to do it...it's that I don't want to spend it. Sometimes it's challenging and a little awkward explaining this without coming off as a miser. For those of you on a stricter budget what do you do/say in these situations? [link] [comments]  |
| Posted: 24 Feb 2018 04:08 PM PST I'm going to be starting an internship for my counseling masters program in a few months. Last week I met with the person who will be my supervisor for the internship and, to make a long story short, the internship will be paid and she offered me the option of being paid as a W2 employee or as a 1099 contractor. Is there any benefit to being paid as a 1099? There will be no difference in gross pay or other benefits no matter how its paid (and not a whole lot either - probably somewhere between 13k and 15k over the year that I'll be interning there). I'll also be working my regular full time job during this time and should gross somewhere around 50k between the job and internship. I'm thinking that there's no real benefit to being a 1099 in this situation, is that right? [link] [comments]  |
| 10k Cash. Cheapest most reliable car? Posted: 24 Feb 2018 07:00 PM PST Cheapest car to own that will last the longest. I drive a lot for work. Don't care at all what to looks like. [link] [comments]  |
| Contributed to Roth IRA, now over earnings limit. Now what? Posted: 24 Feb 2018 04:07 PM PST At the beginning of each year, I do my yearly contribution to my Roth IRA. I sent my contribution in January 2017. Now as I am compiling my all of my earned income form last year for my taxes. I have found that I have gone over the annual earnings limit. Can I just withdraw my 2017 contribution, or do also need into consideration on gains made on that money during 2017? Thank you for any help/advice! [link] [comments]  |
| stopping outside withdrawals from bank account Posted: 24 Feb 2018 05:40 PM PST Hi, a bit of a time sensitive topic here but I can't find other help at the moment. Is there a way to stop an automatic outside withdrawal from hitting my debit account (BofA)? My account is a little underwater at the moment and I'm going to be charged a hefty fee from BofA for paying an automatic charge that happens the next day. I've tried to talk to the merchant but there is no way to keep this charge from going through and BofA customer support is closed with no 24 hour help. I want to be able to somehow keep the bank from generously covering the charge for me since the fee for their help is far more expensive than if we simply refused payment to the merchant. [link] [comments]  |
| My SO and I work the same job as auto adjusters in the bay area, will 60k each be a livable wage? Posted: 24 Feb 2018 09:41 AM PST Well right out of college my SO and I landed the same exact job within a month of finishing our undergrad at sacramento state. She majored in psychology and I majored in Criminal Justice. No kids, No rent (yet), and we both have about 20k in student loans. We have lived together in the past and we offer financial assistance to eachother when it's absolutely desperate times. The job we landed pays about 60k starting out. To my understanding that's 120k grosses income . With taxes taken out, that's an estimated 3400 each a month. Please correct me if I am wrong. Will we survive in the bay as our new jobs take us to san Rafael. We were thinking of commuting 38 min from a town over that charges 1680 a month minus utilities. TLDR: SO and I got the same new job in the bay area that pays 60k starting out to each of us annually. rent in priced at 1680 I'm a town 38 min away From city we will be working in. can we survive and still live comfortably? [link] [comments]  |
| Help me negotiate better salary, RN for first management position (Atlanta, GA) Posted: 24 Feb 2018 02:06 PM PST Hello. Recently accepted a verbal offer from my employer. Manager said HR will contact me next week with details, so I wanted to have a good shot at negotiating the best salary. Job is for Population Care Manager in Kaiser Permanente, Atlanta region. Basically like a case manager. According to GlassDoor, range is estimated at $83-118k with 98k as average, salaried. Why I feel I can at least aim for 100k: job requires 3 years experience, I have 4. Requires BSN, prefers MSN, I have MSN. I also have a certification (CNL) that essentially mirrors the job description. I've been in the Kaiser system for 2 years already, doing a lot of what this job will require, plus using their software. Most recently completed a formal leadership course within the company in the past 6 months. Interview went incredibly well, and I got a call back within 24 hours. Lastly, I'm already at 83k now working as a specialty RN. I would like to politely ask HR rep during the call by starting with "Is there room for negotiating a better salary? I believe my skill set and experience... " Help me find the best way to phrase! Would love just tips and overall advice if you've been in healthcare or RN positions, in case there are any unique aspects to negotiating in this field. Thanks! [link] [comments]  |
| 1095-A (healthcare) tax question Posted: 24 Feb 2018 02:06 PM PST Tax newb and r/personalfinance newb here. I've done a little research, and read the PF rules so: I just entered my 1095-A and looks like I have to pay in now (yay). As I understand it, (correct or expound on this if I am incorrect, please): the payout is due to underestimating my income when I applied for my healthcare plan, so now I have to pay back the difference on the advance premium tax credit. My question is: How can I make sure my 2018 situation will be better? Will it be based off my filing for 2017, or should I contact my healthcare provider and verify my income info? (I've already emailed, as their support is closed on weekends) Thoughts? [link] [comments]  |
| Posted: 24 Feb 2018 03:36 AM PST I've heard in the past that you should contribute to a roth account if you believe that you will be at a higher tax rate later on than you are right now, and that you should go tax-deferred if you believe that you'll pay more taxes now than in the future. That said, I have dim visions of a 3 dimensional surface that comprehends anticipated networth at retirement, current taxable income, and anticipated future market return . So how has this surface changed since the Trump tax cuts? Specifically, i want to know whether it makes sense to go back to a roth 401k while making 200k/year with a networth of 2.2 million at age 45, expecting to retire in 5 to 10 years. I'm expecting equal to slightly better market returns during that duration. [link] [comments]  |
| How do I get on top of 10 years of un-files taxes? And what should I expect? Posted: 24 Feb 2018 07:22 AM PST Long story short, lots of different factors and circumstances played into this but bottom line is, I have about 10 years of un-filed taxes and have no idea how to get on top of it. My dad sucks and ran our family finances into the ground so growing up, I've never had anyone to turn to for sound money advice. Didn't finish college and have always struggled to make something of myself. When I was 24 I became a self employed personal trainer thinking that was the solution to my money problems but it only made it worse. I worked a ton of part-time jobs and side jobs just to get by. I mean- I was making like $25,000-30,000 and was irresponsible with it. I couldn't even afford to have my taxes done. I'd tell myself "I'll get it done next year" and I'd justify it by thinking that at my income level, I wasn't even a blip on the IRS radar. That mindset spiraled my situation out of control. I was so depressed that I honestly thought I wouldn't survive my depression long enough for my taxes to catch up to me. Welp, a funny thing started happening three years ago and by business started doing better and better. I kicked my depression. Last year was the first year ever that I didn't hold at least one part time job. This year I'm on track to hit $175,000. Now that I'm finally in a position where I can catch up, I have no idea how. I need advice guys. What steps do I take? What should I expect? [link] [comments]  |
| Ex-employer notified me they made an accounting mistake and contributed too much to my 401(k) US-WA Posted: 24 Feb 2018 10:54 AM PST I worked at my old company, Employer A, until April 2017 and they had a 401(k) plan that I contributed to approximately for a year and a half until I left. The plan had a company match of 50% of employee contributions up to 4%. I was paying off student loans when the 401(k) was introduced in 2016 and decided to just do 4% pretax and get the effective 2% match from Employer A. When I left my 401(k) had $6,000 total($4,000 from me, $2,000 from employer A)
After leaving Employer A and going to my new company, Employer B, in June 2017 I decided to take advantage of the new 401(k) plan with its lower fees and the generous matching from my new employer. I directly rolled over my funds from my old 401(k) to my current company's 401(k) in November 2017. I forfeited some of the employer match and ended up rolling over $5500 total. My student loans and debt were paid off by that point and I wanted to focus on my retirement and financial security so I increased my contributions substantially. I am happy to say I will be hitting the personal 401(k) contribution limit in 2018 for the first time in my life.
But I have had a set back pop up in the last two weeks. My old Employer A contacted me and said they had run an audit on their finances and discovered something troubling. My old company was a chaotic startup and accounting had always been stretched thin so I was not exactly surprised something was off. They had discovered that from May to December 2016 they had been contributing to my 401(k) without making the respective payroll deduction from my paycheck. My elected contribution(4%) with company match(2%) came out to about ~$200 being contributed my 401(k) every two weeks. They calculated the total with the earnings to be ~$2400 that they had over contributed and requested the money back. To make clear I do not mean "over contributed" in the usual sense of I somehow contributed more than the 18k yearly limit to my 401(k)s or the employer match exceeded their 55k limit, they were both well under for 2016 and 2017.
I was called by HR of Employer A and they said the notice and request to be paid back was part of a "good faith effort" to recoup the money. The CEO does not expect me to pay it back as it was an error on their part and that they had a legal duty to send the notice and will not be following up any further or escalating to legal action for failure to pay and consider the matter closed.
What is troubling me the most right now, Employer A states in the letter that if I rolled over the money in the account, which I did in November 2017, then the excess funds were ineligible and I should inform my current plan provider. I have started putting a good amount of money into my current plan and do not want to jeopardize it by running afoul of the I.R.S. or these ineligible funds somehow push me over on my max contributions for 2018. I am luckily in a financial position where I can pay back the $2400 without any financial hardship but I would hate to have to pay with taxed money to rectify an issue with pretaxed contributions that they caused.
My current company offers free financial and legal consulting which I will be setting up an appointment on Monday. I got the letter just yesterday and could barely sleep last night so I decided to ask here.
Any advice or help would be appreciated! [link] [comments]  |
| Not earning enough to get by. Should I/How should I attempt to lower my mortgage and cc payments? Posted: 24 Feb 2018 12:09 PM PST I'm trying to make my budget more manageable. I recently contacted my mortgage company and they're sending me an application for something called a modification. It will hopefully get my payment lower. I've been considering getting a personal loan or a debt consolidation loan to reduce my cc payments, too. I don't know if actual numbers are allowed/relevant here, but I'm comfortable with sharing if it will help. I don't know if those are bad ideas in the long run. Do they hurt my credit? It's "fair" currently. Should I even be caring about that? I just need to be able to pay my bills every month. Also, taxes are due soon and I haven't saved for that at all. I'm self-employed and spent every penny to pay my bills this year. I'm going to owe a few thousand, probably, and my credit cards are nearly maxed out. Any pointers there would also be appreciated! Update: More financial info I gross about $1,200 a month. I know, it doesn't make any sense. I don't even almost earn enough. I just figure if there are any of those bills that I could conceivably lower, it would help me. I've been considering ditching the Internet for a while. I can do most things I need to do (like email clients, update website) from my smart phone. I even called to cancel it about a year ago, and they offered me a $25 lower rate, so I decided to keep it. Update 2: I have to go for the night, but I'll reply more in the morning or sooner if I can. Thanks so much to everyone! So much practical and helpful advice, you all are great! Thank you! Edit: Added some bills [link] [comments]  |
| On the financial brink... Should we sell our home? Posted: 24 Feb 2018 03:06 PM PST TL/DR: Husband took a pay cut and we are sinking under $2500 mortgage payment, $150k in student loans, $25k in high interest credit. No retirement, savings or investments. Won't be able to pay bills next month. Do we try to sell the house or is there another way? Background: My husband (37) and I (35) married young and immediately had a baby, per the religious beliefs we were brought up with. His first job was in ministry making $13k per year, and we lived on student loans as he worked on his master's in religion. We both attended expensive private universities, his parents didn't help him at all, I never finished my degree, and after two ministry jobs in southern California we had no savings, no insurance, no retirement and $200k in debt to show for it. Our parents taught us nothing about finances and we lived paycheck to paycheck or worse the entire time. We moved from SoCal to a less expensive state but hubby could not find a job in his field and we both worked in retail for a year, barely putting food on the table with our ever-mounting bills. A friend came through with a job lead and we moved to a small town in the south so hubby could take an administrative role at a religious university. It paid peanuts, but more than what we were making before. He lost that job after a couple of years as we were in the process of leaving our church. #noregrets We moved to a major metropolitan area in the same state and because of hubby's education and a random neighbor connection, he was able to land a sales job at a great company with good benefits. He was bringing in $120-150k with commission. We played catch-up, tried to pay down some debt, but it always felt like we were barely keeping our heads above water even living pretty frugally. (Low rent for the area, no vacations, no crazy shopping or huge car payments.) We had two more babies because we felt like things could only get better and he was on a good trajectory at work: two promotions in three years. His insurance is great but takes about $1100/month out of his paycheck. We bought a house when our lease was up and interest rates were down. (Top of our FHA loan budget at $310k but low price for the area, great neighborhood, coveted school district.) House payment was $2200 because we only put like, $12,000 down and we bought in a MUD district so tax is a bit higher. We've probably earned $50k in equity in 2.5 years looking at neighborhood comps. Immediately after purchasing the home, hubby was promoted into a director position that is not commission-based, but dependent on the total sales of his "store". His salary increased our yearly income at first, but in the process we saw 6 months where his checks were half of what they had been, and we whittled away at our savings and fell behind in some payments. By Christmas of that year, we had opened a few new credit cards and maxed them. We refinanced our house last January but because of a combination of being financially illiterate and our previous mortgage company screwing something up, our payment actually went up to $2500. We were able to skip two payments and that helped during a couple of bad months, but when the payments kicked back in we were swamped. Refinanced for $314k and still owe $309k, so I don't think we could even try to get a home equity loan to pay down debt. I've had on-and-off low paying part time jobs and recently applied for a telecommuting admin. assistant position but didn't get it. With three kids and one not in school, it's made more sense for me to stay home than try to pay for childcare. It's been all famine, no feast since last year and last month was the first month we've had to choose groceries over credit card payments. We are "robbing Peter to pay Paul" and have borrowed from family and taken out payday loans. In the "good" three months out of the year we are earning $7k, half of hubby's best commission checks. In the bad months we are earning $5k. House-related bills are about $3k and our debt-to-income and credit are shot, so obviously we're in over our heads. We've had a lot of little emergencies/bad luck situations over the year with a sick pet, I had a hit-and-run ordeal with an 18 wheeler and someone rear-ended me, just stupid stuff that set us back. My sister is getting married in June and we have to fly the whole family across the country. I'm dreading figuring that out. Should we try to sell our house and rent something smaller and more affordable in our school district so we don't have to switch our kids' schools? Our credit is crap right now, high 500's/low 600's so I don't even know if we could find a rental in our competitive area and apartment prices aren't much better. I don't think there's any way to pull our credit up right now to even buy a much smaller place. We are in a two story, 2700 sq.ft. and could get by with much less. We never thought we were being extravagant when we built our home because the homes around us are all 3000 sq.ft. or more, and we went with an entry-level builder. Just feels like everything's hitting the fan and we don't know where to start to try and fix this. We've trimmed our budget again and again, it's the high interest credit and our low credit scores that are killing us. At this moment we have about $150k in loan debt, $25k in credit debt, no retirement, no savings, and $50 in the bank. One more month will sink us. Hubby spoke to his boss months ago about the issue and asked for a guarantee but the request is still floating around in corporate meetings, I guess. We are actively looking for another job but he would take a pay cut anywhere he went so we wonder if it's best to stick it out where he is. I'm constantly looking for part-time work and doing all I can to watch the budget, sell stuff we don't need, barely leave the house to save gas, etc... Hubby works 12-14 hrs per day plus Saturdays so it's hard to find anything flexible enough to accommodate that schedule. I put a lot of research into selling on Amazon but I'd have to spend money to make money, and there's no money to spend. I honest to God think the autoimmune disorder I've come down with is because of all of the financial stress. It's killing me. Any advice? [link] [comments]  |
| Was young and naive, bad business deal is ruining my credit [Debt] Posted: 24 Feb 2018 01:21 PM PST Sorry very long I was living paycheck to paycheck working at a grocery store. The debt I had was about $400-600 on a credit card per month, $1200 rent, and a $350 car loan per month. I had a really good credit score, around 780 at the time. But I needed more money. Began looking for a better job but couldn't find one that would get me out of this cycle of never having enough money at the end of the month to save or spend on myself. I came across this guy (Ron) who invested in real estate and loaned cars out to local rappers or business men. He found out I had really good credit and told me that he could help me make a lot of money by purchasing cars under a company name and leasing them out to these individuals for hundreds of dollars above the loan amount per month. At first it this seemed really weird to me that people would pay this guy 3-4k every 6 months to have a nice car. But after meeting some of his clients and seeing how much money he was generating, I decided to go with it. He created a company for me and took me to a BMW and RAM dealership. We left with 3 cars, a 2010 BMW M6 Coup($98k @ $1200/m), 2012 BMW 750($56k @ 790/m), and a Ram 3500($53k @ $780/m). Each car was immediately loaned out to 3 clients. The cars where register under the company but insurance was registered and paid by the clients. For about 6 months things were great, I made 12k, the loan and insurance payments were also taken care of by the clients, so I was looking forward to renewing the contract with the clients. Problems began when one of the clients with the 750 BWM was arrested and the car was impounded. I was able to get the car back, but Ron was not able to find a client. He ended up loaning the car to one of his family members and they paid the loan and insurance, but I wasn't making any money out of it. Then the BMW M6 was in a car accident in which the driver was at fault and intoxicated. The insuracne paid for most of the damage, but the gap insurance would not cover the remaining $8k due to the drivers intoxication and arrest. I did not have $8k to pay off the debt but Ron assured me that the debt would be under the company and I would have nothing to worry about. This car in particular did not show up on my credit report, nor did the Ram 3500. But the BMW 750 did show up on my personal credit. I began to get worried because collections companies were calling me day in and day out requesting I pay this debt. Ron said he would take care of them and make the debt go away, but im not sure how it all happened. They haven't called me in over a year and it doesn't show up on my credit. Now with the BMW 750 that Ron loaned to his family member was begging to have late payments. Ron told me his family was going to tough financial times but the payments would be made before the due date. But of course that wasn't the case, there was a missed payment on Jan 2017 and Dec 2017. This drove my credit score down to 620. I demanded to have the car back but now he is avoiding my calls. I tried to file a police report for the car as stolen, but since the vehicle was not registered under my name, nor do I have the insurance, I cant do anything about it. Is there anything I can do to get this car back and fix my credit? TL:DR - I was convinced by a guy to buy cars under a company we created and lease them out to clients. He is in possession of one of the cars and wont make the payments or return my calls. This has put negative marks on my credit score and I haven't been able to file a police report due to him removing me from the company and the insurance is not under my name. [link] [comments]  |
| Citigroup Is Refunding $335 Million to Credit Card Customers. Posted: 24 Feb 2018 06:39 PM PST Well, this is interesting. Personally, I enjoy my Double Cash card and have never carried a balance. However, numerous times I have received communication regarding a change in APR, but it's never affected me so I never thought anything of it. What's to say the impact and refunds to be handed out to customers are being valued correctly? Is there a federal oversight committee for these types of fiascos? Just thinking about this rationally if they obviously have messed up and have to own up to it now. Apologies in advance for the amateur post. http://fortune.com/2018/02/24/citibank-refund-credit-cards/ [link] [comments]  |
| My scholarship was taken away from me and I don’t know what to do now Posted: 24 Feb 2018 06:32 PM PST Hello Reddit, I'm an international student studying in the United States. I was signed by my school to play golf for them on what used to be a full ride. Due to budget cuts for athletics my scholarship is now gone and I have no idea what to do. I'm finishing my junior year this summer, I've been here for almost three years and I really don't want to drop out of college with one year left of school. Does anyone know someone who's been in a similar situation? And if you do, how did they get around it? At this point anything helps, I'm desperate and the only thing I now is that I desperately need to graduate. Thank you for taking the time to read this and any advice will be of major help. [link] [comments]  |
| Need some help... discovered I've had no health insurance for months! Posted: 24 Feb 2018 10:06 AM PST Hi guys, I'm not really sure what to do... and what the potential consequences from this will be. So back in June I started and new job, and was elegible to get on my new employer-sponsored health insurance plan (which is really good and WAY cheaper than what I had). But there was some sort of miscommunication and I, like an idiot, checked a wrong box on the insurance application, denying all medical coverage. Well all health coverage except vision and dental (which was thru another insurance company and must have been another form).... That was the confusing part for me, and what led to such a long time before finding out I had no coverage: I wasn't quite clear on who provided the what coverage, so when I got cards in the mail from the vision and dental company (which is aso a popular health/medical ins provider), it didn't occur to me that I didn't have all the coverage. Ironically, before I had an Obamacare plan as I was working as a freelancer, so soon after I started the new job in June, I emailed the broker guy who sold me marketplace plan to cancel it, but apparently they (shadily) did not do anything and did not cancel the Obamacare plan. Only in August when I directly called the insurance company directly that they cancelled it. So since August I've apparently had coverage no coverage. I've already talked to the proper people at work and explained the situation and it looks like they might be be able to enroll me if they can come up with a "qualifying reason" of whatever... like I quit for a day and rehired or something... Not sure what they'll be able to do yet and they said they'd let me know what happens. It looks like I had 8.5 months of health coverage according to the 1095A form. So now my question is what possible consequences tax wise for 2017, might I be facing...? Will I face a tax penalty? [link] [comments]  |
| College Student. USA, Ohio. 1099 worker. How do I figure out taxes. Posted: 24 Feb 2018 06:21 PM PST I'm a graduating senior and have had 2 jobs in the past year that are 1099 contracting positions. My mother claims me as a dependent on her taxes and we live in Ohio (USA). I am clueless as to how I should calculate my tax burden. I understand that I can take off deductions, like my car payment, gas, auto insurance, phone bill, eating out if I'm eating at a job as I used all of those things for my work. But how much can I take off? How should I go about filing the taxes? With a CPA or online? The amount I made in 2017 was apx $6,000. So the tax burden shouldn't be too much, but I need all of the money I can save as I will be out of school soon and transitioning into a full time job. I also understand I can't take off all of my gas purchases, but the job I've worked have easy to calculate travel distances and I can easily figure out my miles traveled and have documentation for them. For food or other stuff I have credit card statements but I'm not sure if that is enough for the IRS. Thank you very much. [link] [comments]  |
| How do I get as close to zero refund as possible for 2018 taxes Posted: 24 Feb 2018 10:08 AM PST I worked half the year last year, still at the company today. 2 exemptions, refund is $2,961 for both federal and NY State. I also started paying back my student loan interest. Info: Single works full-time. Lives with parents. Wages last year $14,785. 2 exemptions How can I get my refund to as close as zero as possible? I wouldn't mind even getting refunded $100-200. [link] [comments]  |
| How should I negotiate this job offer? Posted: 24 Feb 2018 05:51 PM PST I was recently offered a job with decent benefits & salary at $60k. I studied engineering and have been working for 2 years in auto, but via contract. No benefits but I make $80k. My contract is up for renewal every June so no guarantees I'll have a job come June. This new company is much more aligned with my career interests and I'd like to stay with them long term, so I want to make sure I start off with a good package. I'd like to negotiate up, but this is my first time negotiating and I'd really like to make at least $65k. Do I ask for $70 and hope I get $65? Really not sure what's reasonable. How do I approach this conversation? Via phone call with HR? Do I just come out and say "I was hoping for more like $XX?" This is my first time negotiating so any and all tips are welcome! EDIT: I get 16 vacation days [link] [comments]  |
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