Personal Finance Fidelity just blocked access to my account (401k and Cash Management) because of "Fraud", and they say I can no longer do business with them. Anyone have experience with this? |
- Fidelity just blocked access to my account (401k and Cash Management) because of "Fraud", and they say I can no longer do business with them. Anyone have experience with this?
- We’ve been paying someone else’s water bill. Provider admits the problem. Recourse?
- Parents used my identity all my life and I am filing for taxes for the first time next year...
- I'm clueless on bank stuff for the most part. My current bank has a 1.90% APY, does that = 1.90% interest rate?
- How long should you work a job before it is "okay" to quit?
- Am i being scammed
- What to do with savings at 21
- Denied hardship withdrawal (Vanguard) for wife's surgery, asking for paperwork that doesn't exist.
- Still dont get HDHP vs PPO
- Defined benefit vs contribution
- How/Where to Invest in First World If You're a Citizen of a Third World Country?
- How much money do you need to make to be able to hire some to manage your ALL your money stuff (stocks, 401k, ira,retirement,bonds, and all the lingo) and make more in the end than their fee?
- Would 4 years make sense to invest in property?
- Employer in area with 50% match up to IRS limits on 403b. Is this an awesome deal?
- I want a raise at work; do I ask now, or after New Year's, when our department has a budget again?
- Best Online Savings Account?
- HELP - $35,000 Wire Transfer can't be located
- 33, Self Employed and have been living off savings for a while now
- free fico scores and credit freezes
- Best Friend's College Tuition
- Should I get a new credit card or increase my credit limit?
- What's your mentality?
- Is it a smart idea to have a property management company manage my first real estate purchase?
- Found a credit card in my name....
- Principal on a Student Loan
| Posted: 08 Nov 2018 01:47 PM PST I've had a workplace 401k with them for a year and just opened a cash management account and savings a couple weeks ago because of some promotion they ran, and all I've done since was deposit $100 and $5000 into the accounts. Has anyone had any experience with this before? I was told to contact my jobs HR department to work out the 401k, that there is no information they can tell me, and to fax or mail in a scan of my drivers license and bank statement from my main bank to them. I can't login, customer support cant tell me anything. I just want my money back but I was really excited to use Fidelity to keep the majority of my savings. If anyone can help me with what to be expecting or if theres anywhere I can go for more information, that'd be great, thanks! [link] [comments]  |
| We’ve been paying someone else’s water bill. Provider admits the problem. Recourse? Posted: 08 Nov 2018 05:19 PM PST Washington state, if it matters. We have been renting this apartment in a fairly big complex since 2017. Our water bill is paid together with rent and sewage. It generally stayed in the $75-85 range every month ($75 is the fixed sewage fee and the rest is the variable water consumption). We have been out of the country for a full month which coincided with the water billing cycle. We expected a bill close to zero for water since nobody lived in the apartment. Well, for the month we were gone, we got the biggest bill yet - $95 (meaning we used $20 of water while out of the country). Long story short, I persistently asked for answers from the leasing office and they finally got back to me. I am quoting their exact response: "We just got the report back from [water provider] and it does look like they needed to complete some extra work to get your meter corrected. The transmitter was displaying information for a different apartment, they had to swap those back to correct the issue. Based on the billed amounts between the two apartments, the difference in billing was $14.67. This has been credited to your account, and this can take up to 48 hours to reflect on your account." But my question is, do they have proof that the issue started 2 months ago? How can I be sure that I haven't been paying someone else's water bills since we moved in? I sent an email back asking for proof that the problem started recently and not years ago. What are my options? [link] [comments]  |
| Parents used my identity all my life and I am filing for taxes for the first time next year... Posted: 08 Nov 2018 05:49 PM PST My parents are undocumented and used my credit to take out a mortgage and auto loan when I was 4 years old. My current credit score is about 776 and house was paid off this year while the car has 2 years left. They were very responsible and cautious using my credit, but Im wondering what to do. 1. My dad's DOB and employers show up on my account. I tried applying for a cc recently and they're requesting further documentation bc I'm assuming they saw that info didn't match up to my actual dob/employer. My dad did NOT use my ssn for employment, it just shows on my credit report bc he applied to loans with his employer listed. Is there a way to change the dob without triggering an investigation or getting my parents in trouble?
Edit: forgot to mention my dad and I have identical names [link] [comments]  |
| Posted: 08 Nov 2018 04:09 PM PST So if I put $12000 in, I'll make $228 in my account per year? [link] [comments]  |
| How long should you work a job before it is "okay" to quit? Posted: 08 Nov 2018 04:54 PM PST I got my first "real" full time job about 8 months ago. I'm in no rush to quit and generally pretty happy, but I'm kind of curious about eventually trying something different. I know employers really look down on jumping from job to job quickly (for obvious reasons), but what is a generally a safe period of time to work before considering doing something different? I would assume it would be a around a year, but I honestly have no idea. [link] [comments]  |
| Posted: 08 Nov 2018 04:28 PM PST Hello, i know this is a bit long so bare with me. Im currently a community college student, (20 yrs). Last week, i met this classmate ( a female adult), we got assigned a project together so i got to know her for the first time ever. For the first two hours we only spoke about the project then things got sketchy for me, she started asking some personal questions about what i do for living, do i wanna be successful in my life, have my own business, get to have assets etc..., And i was like yeah sure i do like that who doesn't want money. SO she said just give me your number my fiancee will contact you and we can meet up to discuss your potentials and see if you are qualified to get into our company and start working with "our team". At first, i thought this was too good to be true, this must be a scam but she sounded nice and i said uh there is nothing to worry about. Four days later, her fiancee called me and started asking me some questions, and after that he asked if I would like to meet up for a coffee to talk for a little bit after I finished working at my part time job. I said sure, didn't seem like it would hurt. So last night after I got out of my shift, I met him at the closest Starbucks, and both him and his wife that I met prior were there. They were dressed nice. We started talking, they asked me couple questions, but they kept a low profile saying that, they are not gonna reveal everything in the first meeting because i was gonna get "confused" but after some time I'm gonna learn about what kind of business they do, what kind of company they have etc. The husband said he has a mentor who is living the lifestyle they always dreamed about it and who is giving him advice to become successful. Anyways, they continued to ask me some questions and then they gave me a book called "The Business of the 21st Century" by Robert T. Kiyosaki, and they told me if i can read this book during one week, and i was like sure i can do that, and then he said Ok, then we meet up next week same place same time, and i was like no problem. The couple seemed pretty nice but i have a feeling i'am being scammed but am i really?? Should i meet them next week or not? plus the lady is in my class, and we meet up every Fridays so what should i do? [link] [comments]  |
| Posted: 08 Nov 2018 11:52 AM PST 21 M in PNW. 4k/mo income, around 3200 take home after taxes. 50 hours/week. 3k/mo side job, under the table so no tax. Work at night. Full time college student with 2 quarters left until graduation. Rent: $950/mo Utilities: $110/mo Tuition: $3700 every 12 weeks, only 2 payments left. $5500/year contributed to Roth IRA w/ Vanguard past 2 years, not including this year. No CC debt, have 4 cards w/ total 30k limit + Amex 750 FICO Currently $16k checking, $16k savings. Car owned outright, will be selling and using as down payment for new car in the next few months. Payment will be around $360/mo. I usually use my taxed income for my expenses related to living, so groceries, tuition, and rent. $300/mo goes directly to savings. The rest is left in the checking account. My untaxed income goes towards spending such as eating out, traveling, etc. Towards the end of the year, I plan to contribute $5500 to my IRA again. Next year, I will continue to put $300 in savings directly, but also plan to contribute monthly from my taxed income. $5500/12 = $458.33 + the $300.00 to savings would be $758.33/mo saved/to retirement. This would be 23.6% of my take home taxed income. My spending habits are not great, but I use my untaxed income for luxury items and food as the peers I am around have similar spending habits. I never touch my savings account and consider it to be an emergency fund, however i feel it is getting a bit large for that. I did slack on the IRA this year, so the contribution will come from the savings account. Any suggestions on what to do going forward? Would like to start improving spending habits as I transition from a college student with a lack of responsibilities to a functioning adult. [link] [comments]  |
| Denied hardship withdrawal (Vanguard) for wife's surgery, asking for paperwork that doesn't exist. Posted: 08 Nov 2018 12:39 PM PST Looking for suggestions, because I don't know what to do. My wife needs to have her gall bladder removed, we scheduled it for Nov 14 so she can sync it with her off days from work. It's outpatient, so she called the hospital asking what we would have to pay, $2000 BEFORE they'll let her have the surgery, and that's just from the hospital. Doesn't include anesthesia or the surgeon, she is also having her tubes tied, which the gyno said she could do immediately after the gall bladder surgery, while she was still under. All told, everything totals around $5000. We have Blue Cross Blue Shield (Florida) insurance, although we live in Alabama. We have HDHP, with the amount the hospital is asking left as our deductible, $2000. We would have to pay 25% of the remaining costs, so about $750 (3000 x 25%). We don't have $2750 sitting around and the hospital will not take payments. We started the process of a hardship withdrawal last week and I found out it was denied this morning. I've spent all day on the phone. I'm exhausted, frustrated, confused, baffled, at this point. Apparently, Vanguard wants a preauthorization / explanation of benefits from BCBS. Unfortunately, BCBS claims they don't know what that is and they aren't able to provide anything other than what they've already given us, paperwork showing our deductible and the part they cover after we meet the deductible. Hell, I conferenced in vanguard customer support with the surgeons office and bcbs, where they both explained they couldn't provide vanguard with something that doesn't exist. Googling for 5 minutes shows there are such things as this EOB that vanguard is asking about, but my insurance and all of the offices involved (4), do not do this, they bill insurance AFTER the surgery. I've spoken with 2 different vanguard support people and had insurance and one of the offices on the line each time, vanguard support just keeps repeating the same damn thing, and insurance keeps telling them they can't provide the paperwork they are asking for because it doesn't exist. We had each office generate a letter of the charges they intend to file, and provided that to vanguard, but they keep saying they can't use that, it has to be some paper from insurance. I'm beyond frustrated, my wife has been crying half the day. Just looking for some guidance, suggestions, anything at this point. Edit: Im currently on a waiting list for 24 hours to speak with a Vanguard supervisor. For some reason I cant immediately speak with one, although Ive been on the phone all day with their support. [link] [comments]  |
| Posted: 08 Nov 2018 07:16 PM PST Hi! I've been reading the other posts on this subject , and I still don't understand which to pick. Both plans are Anthem and I'm in New York. 26 year old woman in good health, thankfully. Poor family history of heart disease, high blood pressure, and cancer that am working to mitigate through habits. Recent physical put me in the normal range for blood pressure, bmi, cholesterol, etc. PPO ( currently on this) $24 per month cost to me (single person) -$300 annually Deductible: $500 Max out of pocket: 3000 in network, 6000 out of network Specialist visits and perscription copays usually run me about about 250 per year HDHP: $0 per month cost to me Employer will contribute $1000 to HSA over the year Deductible:$2700 Max out of pocket: $2700 in network or $15k out of network Preventative care is covered before the deductible. Are HSA investment options generally pretty low fee or are they limited and high fee? I do need to get a new IUD in 2020- I understand this is required coverage, but will it still cost me something if I choose the HDHP? The first time I got one at Planned Parenthood for little cost to me because I was unemployed (side note- I love planned Parenthood and donate monthly now that I'm gainfully employed) so I am unfamiliar with the actual cost. I appreciate any advice! I consider myself pretty knowledgeable on finances, but insurance is an area I am not as educated on. I have always done an HMO and this is the first time I'm making this choice. I don't fully understand the terms and implications and need help spotting anything I should consider. Thank you! Edit to add: I have enough in cash savings to meet the in network out of pocket on either plan. I wear glasses and contacts- can I use HSA for those? [link] [comments]  |
| Defined benefit vs contribution Posted: 08 Nov 2018 06:21 PM PST I'm fortunate in that I have a one off opportunity to switch retirement plans. I'm currently in a defined contribution plan employee 5% and employer 7% pre tax.with retirement at 65. I have approximately 300k with 23 years to 65. I can switch to a defined benefit plan which is around 46% of my salary at retirement. Employee contributions would be 4% plus .75% to grandfather retirement at 60. This would also allow my spouse to receive the same amount upon my death until her death. Obviously the longer I live the better value the defined benefit would be, however if I live a short period of time the defined contribution would be better for my children's inheritance. What else should I be considering in making this decision? [link] [comments]  |
| How/Where to Invest in First World If You're a Citizen of a Third World Country? Posted: 08 Nov 2018 03:49 AM PST I've been browsing this sub for some time now, reading posts and links from sidebar. Naturally, guidelines and advises are US-centric (401k, etc.) which makes sense. I would - kindly - like to ask for a guidance when it comes to my particular situation. I come from one of the most backwards Eastern European countries. I've been working abroad for some 10 years or so now. I have readily available US$ 50k available at the moment that I would like to invest (it's been laying around for months and that is bothering me a lot). This should grow to approx. US$ 100k before the end of the year, but as windfall sidebar links says I'm not counting on it until I have it in my hands. I don't know how much money is this when it comes to investing, i.e. a lot or pocket change but this is what I have to start with. So my main problem is my citizenship and the limitations related to it - exposure and access to mature investment markets (my country is outside of any reasonable international financial flows). A couple of points/decisions I think are important for this:
So, my questions would be what would you recommend as an investment opportunity as in international options that are friendly for people with third world country citizenship like myself? Is there a type of fund, trust, etc. that works with these kind of cases? I was eyeing an opportunity in US where my sister currently works on an appropriate visa. Apparently, her visa/legal residence and her being in the system, having SSN, insurances, etc. is sufficient to make an investment based on this particular company's T&C but I'm not sure if it's that simple. My apologies if I asked something that was discussed - I wasn't able to find it. [link] [comments]  |
| Posted: 08 Nov 2018 07:13 AM PST |
| Would 4 years make sense to invest in property? Posted: 08 Nov 2018 05:40 PM PST This is a couple years premature, but I'm starting to think about our next move. Husband and I are in school and will graduate at the same time. I am getting my PhD, he is getting his md. His starting salary for residency will be 50k, and go up a bit each year. The worst I can do (besides not getting a job) is 50k as well. (If I get a postdoc) We do not yet know where we will be going. We both carry a LOT of expensive hobbies. He has a motorcycle and dirtbike collection and I have horses. I LOVELOVELOVE the idea of buying land when we get out of school. Somewhere we could stretch out in and start slowly building our lives. Eventually we will have money. If we could buy an awesome property from the get go, and live in a bare nessesities house, my thought is after residency we could either
It's going to be hilariously expensive for us to rent a place that would accommodate our 3 big dogs, 3 horses, and have a 3 bay garage. But if we had a little cabin, a pole barn and a field we would be set! So am I crazy? (Okay I know I'm crazy, I have horses in grad school... moving on... ) Is buying land and potentially selling in just a few years a good idea? Would there be any return on that kind of investment? Who would we talk to and how far in advanced to find what kind of properties/locations are better for this? Just a quick Zillow search and I can find several places within driving distance of potential residency hospitals around 150k We do not have any savings (okay, about 2k between us but that's emergencies) but we could pretty easily sell some of the things we have to come up with a down payment. We are hella lucky about debt because my husband grandparents are covering medical school entirely and my tuition is covered in grad school via stipend. Thoughts? [link] [comments]  |
| Employer in area with 50% match up to IRS limits on 403b. Is this an awesome deal? Posted: 08 Nov 2018 12:21 PM PST So, I just graduated nursing school. I'm looking around at jobs and I found a tiny hospital about an hour outside of town that's hiring. They're advertising a 50% match up to IRS limits on their 403b. That's like insanely awesome, right? Or am I missing something or doing math wrong in comparison to other normal sounding retirement plans? [link] [comments]  |
| I want a raise at work; do I ask now, or after New Year's, when our department has a budget again? Posted: 08 Nov 2018 05:25 PM PST I am at my first job after college, currently 17 months with the company. I make $60k/year, after a single cost-of-living raise. This is after taking over a leaving employee's position (that had much more responsibility) and absorbing a role from another department. I do the work of 2 roles, and have saved the company ~$125k/year with the improvements I made as part of my responsibilities. I don't want to threaten leaving as leverage, but I want to be paid what I feel I'm worth. I am making $10k less and $20k less than the average in my area for both positions I fill, respectively - but I "only" have 17 months' experience. I would like to ask for $15k more and another 2 weeks vacation. The big question is: since my department has run out of money, should I ask for a raise now (because I want it now!), or after our budget returns, so "the department having no money" will not be an excuse? edit: some clarifications. [link] [comments]  |
| Posted: 08 Nov 2018 12:30 PM PST I have about 10k in Ally Bank - are there any other accounts that are worth the effort of switching for higher interest rates. [link] [comments]  |
| HELP - $35,000 Wire Transfer can't be located Posted: 08 Nov 2018 07:02 AM PST I need some advice on what steps I should take here. I'll try to be brief: Situation - On 11/5 I submitted a $35,000 Wire Transfer from my own checking account at USAA to my own investment account at Merrill Lynch which is part of Bank of America. The funds left USAA on 11/5, but never arrived in my investment account - I have made numerous calls to both USAA and Merrill Lynch. My own name was on the wire transfer as the beneficiary, but USAA didn't put my personal investment account number in the wire transfer info - just the generic routing number to Bank of America (They didn't ask for this, and I've never done a wire before so I thought they had all the information they needed). Merrill Lynch says that the routing number that was on the wire is a "holding account" at Bank of America, yet they have no way to actually locate it. USAA says the funds are gone from my account and they don't know where it went. - USAA has initiated a 'wire trace' but they said it may take up to 5 business days. Questions - Is there anything else I can do besides wait for the wire trace to finish? It's already been 3 days and I find it really hard to believe that my money just disappeared. I was thinking of sending a claim or email of some sort to USAA, but I don't really know if it's appropriate or what information I should include. - Is there any chance my money will just be gone? Or that somehow I will be held at fault for not giving USAA more information and ensuring it goes to the right account? I'm trying to be level-headed and not lose sleep over this, but neither bank gave me any assurance that this will be resolved or that they will get my money back. TIA for any assistance. [link] [comments]  |
| 33, Self Employed and have been living off savings for a while now Posted: 08 Nov 2018 08:06 AM PST I've always been self employed, over ten years at this point. At this point, I've honestly been living off savings for a couple of years. Being self employed income is always up and down, I honestly have always made bulk of income in slow bursts and then nothing for a while. My spiral started because of a bad depression where I didn't do anything for a while. Now I just can't get anything going. I'm at a point where I don't know what to do. I'm depressed, I'm scared money. I have over 100k in a 401k that I'm draining because that's all I have left. Would it be best to say fuck it, use that money to try and make more money? Or avoid tapping into it more? I'm just not going to get anywhere as scared money, but at this point don't know what to do. I want to make money back and recoup for lost money/time, at same time even though I have 100K+ in retirement I'm acting like I'm poor on verge of going broke and not spending any money and stressing over every little thing. My resume is pretty blank, a couple of months ago I accepted a job but the guy ghosted me. I also felt like a huge failure and didn't like how I felt so went back to try and make money on my own. [link] [comments]  |
| free fico scores and credit freezes Posted: 08 Nov 2018 04:34 PM PST Does anyone know whether a credit freeze will prevent banks from being able show you your (free) credit score? [link] [comments]  |
| Posted: 08 Nov 2018 10:31 AM PST Hi Reddit, My best friend (18yo) from the United States is currently majoring in English (community college). thing is, his father is a veteran with emotional problems and his mother is an alcoholic. They refuse to get the tax documents necessary for him to get a loan for his college tuition. Coming from a family with little money, what are his options to continue going to college? Thank you, Reddit. Edit: age and community college [link] [comments]  |
| Should I get a new credit card or increase my credit limit? Posted: 08 Nov 2018 06:31 PM PST Background: Husband and I married soon after college. We both had no debts: student loans, car payments, credit cards. We began/currently are renting out house, making pretty good money, and decided to get a credit card to begin building credit. We chose a Capital One card with a very low credit limit ($300 to start, bumped up to $500 randomly) but zero fees. It also comes with zero "perk", such as cash back, airline miles, gadgets, etc. Credit score in mid-upper 600s Question: Should I pursue increasing my credit limit on this card (and how?) or should I cancel this card and get a different (i.e. Better) credit card? [link] [comments]  |
| Posted: 08 Nov 2018 06:30 PM PST How do you save money? What's your mentality when you're in a surplus of money? I'm trying to pick at some brains here... My whole life ive been spending all my money it seems like because i still live with my parents so I'm "comfortable" but now it's scary and I wanna really start saving! [link] [comments]  |
| Is it a smart idea to have a property management company manage my first real estate purchase? Posted: 08 Nov 2018 04:17 PM PST So Im in my mid 20s, live in New York and I have some money saved up to buy a house. However it won't be enough to buy one in NYC as most decent homes here won't sell for under a million dollars. I did a little research and found that Jacksonville FL is a good place to purchase property and get a good ROI by renting it out. (you can buy a house for 150k and rent out for 1k a month in some parts). So Im thinking instead of having cash sitting around barely catching up to the CPI, I can invest it in property down in Florida, have a property management company find and deal with the tenants and take their cut while my capital grows. And maybe use that property as collateral on my next real estate purchase. I know this is an oversimplified version of what it takes and I'm aware of that. One concern I do have is if something on my property needs repairs, what's to stop the PM company from over pricing me and get kickbacks from the contractors they do business with? If you've done something similar if you can give me some insight on how it went with you, was it a good idea? Any tips, or things I should avoid? Maybe point me to some useful resources? I want to make sure this is worth the effort before I find a mortgage broker and start looking for real estate agents in Florida. Any and all help will be greatly appreciated! [link] [comments]  |
| Found a credit card in my name.... Posted: 08 Nov 2018 06:22 PM PST Hey all, first post asking for help here. So I've been working on repairing my credit after years of not. I pulled my score up on credit karma (650) to discover that I have a credit card with a $3k spending balance. It's been open for a number of months and payments are always made on time. What can I do in this situation? It's apparent to me that somebody bought my identity awhile back and either boosted my credit score temporarily or opened the account during a period of my life which I wasn't taking care of myself. [link] [comments]  |
| Posted: 08 Nov 2018 06:18 PM PST Hey everyone, I'm a recent U.S college grad with around $30,000 in student loans. I've been making payments on my student loans and throwing extra at individual loans with high interest rates. I've already payed off my highest interest loan this way ($3000 @~6%). However I recently made a $200 payment on a loan with an original balance of $5824 and unpaid interest at $61.65 and now the principal balance is at $6612.91. My question is: if I paid $200 on this specific loan why do I have unpaid interest and why did the principal balance go up? This is an unsubsidized Stafford Loan. I'm calling FedLoan in the morning but I'm not sure how much help they will be. Thanks in advance. [link] [comments]  |
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