Personal Finance Should I be honest during interview that I'm leaving my current company because I'm not being paid? |
- Should I be honest during interview that I'm leaving my current company because I'm not being paid?
- BOA automatically change “choice checking” to “Adv plus banking”
- What documents and financial items are worth keeping copies for future use or reference?
- Haven't filed taxes for several years (US). Seeking advice on how to fix this situation.
- What is happiness worth?
- WA-Seattle: Married filing jointly/separately w/ Student Loans
- I had a $25K windfall. What do I do?
- Mortgage increased $71 a month- PITI is the same. What the hell?
- Taking on student loans
- First time home buyer IRS rules
- One student loan down...two to go! What should I do with extra money?
- Nearly two years ago, a small medical copay (<$10) went to collections without me knowing about it and I paid it immediately. I'm worrying it's affecting my credit score now, anything I can do?
- Should I lower what I put into my employer's retirement plan?
- Medical Bill in Collections the hospital has no record of
- HR telling me to enroll in insurance for 1 month
- Do I handle investing myself, or get someone to do it for me?
- Recently graduated, newly married, BROKE.
- ACA: widow's benefits and MRDs on an inherited 401K (non-spousal)
- [Insurance] Company offer letter says insurance after 30 days. Now say the 1st of the month. Can they do this?
- Please help, credit fraud. Someone uses my dad's credit card to purchase stuff online and the item got delivered to our home.
- Wells fargo charging cash advances when i have not used the card in months.
- Pay towards credit card debt or payoff hospital bill?
- Wondering what to do with my car?
| Should I be honest during interview that I'm leaving my current company because I'm not being paid? Posted: 06 Nov 2018 06:42 PM PST I recently joined a new startup company on August. Due to financial issues, the company has failed to pay my salary for 2 months now. So far I've managed to pull through thanks to my emergency fund. While I trust the people running the company, I have a family to feed, and my savings will be emptied soon, so I decided to start looking for another job. Since this is the first time I'm leaving a company after working there for just 4 months (I usually stay for at least 2 years), I'm pretty sure the interviewer will want to know the reason of my leaving after such a short time. Should I just be honest and say that I'm looking for another job because I'm not being paid? [link] [comments]  |
| BOA automatically change “choice checking” to “Adv plus banking” Posted: 06 Nov 2018 08:51 AM PST I am noticing on my BOA mobile app today that my choice checking account is now labeled "adv plus banking" I am trying to Google some answers but not really seeing much...same with a search of r/personalfinance. In efforts to save myself a trip to BOA I'm wondering if anyone else is seeing this today? You always hear stories about these banks opening or upgrading accounts without account holders consent and I just want to make sure nothing shady is in the works. [link] [comments]  |
| What documents and financial items are worth keeping copies for future use or reference? Posted: 06 Nov 2018 02:24 PM PST So I am a recent college graduate who just earned his first professional opportunity after school. As per any job, I am undergoing a background check. I recently got an email from the company running the check stating they couldn't verify some of the information I provided and needed further documentation for support. They asked for some previous W-2 copies and other tax related documents to help them. I realized that I didn't have them, but luckily my mom (the prepared one in the family) had kept files of a few of them and was able to get ahold of our family accountant to get the remaining copies. Still learning how to adult, so I was wondering, what other documents in life do you think are important to keep and have copies of? [link] [comments]  |
| Haven't filed taxes for several years (US). Seeking advice on how to fix this situation. Posted: 06 Nov 2018 01:07 PM PST I don't know if this is the appropriate subreddit for this. If not, please feel free to remove it. As the title says I haven't filed taxes for several years now. I am a citizen of the United States and I want to remedy this problem. Long story short, there was a time when my life was a mess and I was heavily addicted to drugs. I held an array of jobs, lived in several different halfway houses, and as a result all of my W4s and relevant information kinda scattered to the wind. I am now 2 years clean and still cleaning up my wreckage. I don't know when this last year I filed taxes was (4 years ago?), how to go about collecting all of my various W4's, or how to contact the IRS about this. I realize this is a subreddit mostly used by people who have their shit together financially speaking. If there is a more appropriate place to take this discussion please let me know. Take it easy on me, I'm well aware I haven't been the most responsible person and I would like to change that. Any advice is appreciated, especially the good advice. [link] [comments]  |
| Posted: 06 Nov 2018 07:11 AM PST I have 6 years as an analyst. To be honest, I'm not a great analyst, but I do well because people like me. My current job has gone down the toilet and so I've looked elsewhere and I have two job prospects. I currently make 80k. Option 1: Sales. It's a completely new industry. I have three friends who work for this company, do very well for themselves and love it. They make 6 figures and don't work more than 35 hours/week. Base is 45k and I know I can't expect comparable sales to my friends my first year. I can work from home and will also be required to travel 4 days a week about an hour away. Option 2: analyst position 15 minutes from my house. The pay hasn't been negotiated yet but it'll be somewhere between 80k and 100k. I know I can fake being happy but ultimately I'm tired of being behind a computer. I have a wife and two kids and a mortgage. The sales job base pays all my bills with nothing left over. The analyst role will give my family a more cushy lifestyle. I'm trying to find that figure of how much would option 2 need to pay me to negate my potential unhappiness? I'm a provider and can't solely make these decisions on perceived happiness. I'll make the most of any circumstance. Thoughts? [link] [comments]  |
| WA-Seattle: Married filing jointly/separately w/ Student Loans Posted: 06 Nov 2018 01:08 PM PST Hi All, Post title says it all, I am looking for advice on filing 2018 tax returns "married filing jointly" vrs. separately. I have already done some research on the pros and cons, but advice I keep seeing says "...and if you have income driven repayment plans on student loans that will change your decision". Well folks, I got married last September to the love of my life and she just so happens to have student loans on an income driven repayment plan. I am looking for advice on whether we should file jointly or separately based on the following factors: Income: I make $82.5k per year (salary). She makes about $75k per year (salary). Benefits: I contribute $5k annually (pre-tax dollars) into my company's 401k plan (a part of an employer match program). She contributes about $1.2k annually (post tax dollars) into an IRA account she set up. Expenses: I have student loans on a level payment plan, $15k balance with a $400 monthly payment. She has student loans on an income driven payment plan, $100k+ law school debt with a $320 monthly payment. Housing: We rent and live in Seattle, WA. If you were in my situation, what is the most advantageous tax filing status going forward with my wife's income driven repayment plan in mind? I am assuming her loan payment could double because of me? Thank you. EDIT: Thank you for the responses so far. To answer one of the main questions, yes my wife is going for a PSLF. She works at a qualifying non-profit. [link] [comments]  |
| I had a $25K windfall. What do I do? Posted: 06 Nov 2018 02:21 PM PST A little backstory. I am 22, and I have a reliable job paying ~$60k a year. I have a healthy rainy day fun (3 months+ income). I max out my Roth IRA contributions annually, but have no other investments/portfolio. I am approximately $70,000 in debt at an interest rate of about 4.7% (making monthly payments is no problem whatsoever under current circumstances). Now for the hard part: I just came into $25,000 cash. Sure, I could turn around and take a huge chunk of my debt away. If, however, I could beat 4.7% via investing in the stock market, wouldn't it make more sense to invest the money? Can I even beat that interest rate? When it comes to investing, if I wanted to start a portfolio geared towards retirement how would I do so? Indexes? Mutual funds? ETFs? EDIT: Wow...I cannot believe how helpful you all have been. Thank you everybody for the advice! [link] [comments]  |
| Mortgage increased $71 a month- PITI is the same. What the hell? Posted: 06 Nov 2018 10:31 AM PST I have a fixed rate mortgage since 2014. Payment has always been the same amount. Mortgage lender increased my payment by $71 per month. My property taxes and insurance remain the same. Only issue uncovered is that they paid my property insurance tax twice ($301). The insurance company is sending a check now for the difference. $301 (yearly) doesn't account for a $71 monthly increase however. I have called them twice and the phone reps were dumb as dirt. Gonna go into the bank on Saturday morning, not sure how that will go. Question is there any valid reason why a fixed rate mortgage would increase $71 a month if taxes and insurance stay the same and it's a fixed rate mortgage? Or any viable explanation for this? [link] [comments]  |
| Posted: 06 Nov 2018 03:51 PM PST Hello PF. Just want some input on my current situation and the decision I ultimately have to make. So, I am in my 3rd year of college studying Construction Management (starting salaries for my area are about 50000). I have 4 semesters left costing 20,000. I lived at home for my first two years and paid everything out of pocket. I moved out this year and will be able to still pay everything out of pocket thanks to my internship paying 19 an hour. I will be going into next school year with 12000 saved. I want to continue living on my own but this will mean I will take on approximately 10000 in student loans. My question is, is this worth the expense? Some other things to consider. I know I will have to buy a new car within the next 1-2 years as mine is on its last leg, and this will require additional debt. Another thing to consider is that I could easily move home and graduate completely debt free and with a nice nest egg, I just love the college atmosphere and being completely on my own. Like I said earlier I am just looking for advice on my situation. Thanks. [link] [comments]  |
| First time home buyer IRS rules Posted: 06 Nov 2018 01:22 PM PST I have several thousand dollars in an IRA account that I would like to put towards a down payment to avoid penalties for early withdrawal. Can anyone point me in the direction of the IRS' rules for defining "first time home buyer"? Is there another agency that might define it differently for this purpose? I have never owned a primary residence. However I do own two income properties. IIRC when the Fed was offering a "first time home buyer credit" several years back they defined a first time homebuyer as anyone who has not a held a stake in their primary residence for the past two years. If that is still the case, then I think I qualify but I'm not 100% sure. Thank you! [link] [comments]  |
| One student loan down...two to go! What should I do with extra money? Posted: 06 Nov 2018 08:18 PM PST Just paid off one of my three student loans that was $200/month. I'm currently saving between $600-$800 a month because I need to build up my emergency fund. I have a state pension as a educator and am about 21 years from the earliest I could retire and draw a full pension. I owe $30,000 on the two remaining loans (from grad school). Would I be better directing the extra $200 towards the other loans or adding more to my savings? The interest rate on both remaining loans is 4.5%. I should note I just got my first school administration job this year which is why I'm able to save that amount each month. My previous twelve years in the classroom didn't pay nearly as well, which is why I don't have much (currently $2,000) in my emergency fund. [link] [comments]  |
| Posted: 06 Nov 2018 11:52 AM PST I went to a doctor appointment a long time ago, and thought I had paid everything in full. A few months later I was surprised to get a letter in the mail informing me that a debt collection agency was pursuing repayment for the outstanding balance of something like $9.89. In a panic I called the number and paid it in full. In retrospect I probably should have contested it instead because the previous organization had completely failed to attempt to contact me about it (I know they definitely had my correct address and phone number because I received other mail/calls from them). Now my credit score appears to be lower than it should be based on the fact that I've consistently paid my student loans and credit cards on time for years and have a low debt to asset ratio. It's not horrible but should be better. So what I'm wondering is can I do anything about this or has that ship sailed? It's the only debt of mine that has ever gone to collections and it'd suck to be significantly detrimented because of a communication issue over $10. [link] [comments]  |
| Should I lower what I put into my employer's retirement plan? Posted: 06 Nov 2018 09:14 AM PST My employer has a simple IRA plan through Vanguard that I've been contributing to since I started. The maximum match is 3% of what I make, and I've set my contribution to 7% of each week's pay. Should I lower my contribution to 3% since that's where the match caps out and take that extra and put it towards my IRA contribution for 2019? [link] [comments]  |
| Medical Bill in Collections the hospital has no record of Posted: 06 Nov 2018 12:40 PM PST I've been working on raising my credit score in anticipation of buying a house in the next few years. On my credit report is a medical bill in collections from my local hospital from 2016. Now, I haven't gone to the doctor for anything that wasn't preventative, that my insurance wouldn't cover. So, I called the hospital today to see what it was from and why it wasn't paid by my insurance. The hospital has no record of anything from the date of service. They only have 2 bills in my name and they aren't even close to the one listed on my credit report. I asked if they could send me something stating they did not show me owing them anything, so I can contest it on my credit report, but all she can send is the statements from the other dates showing nothing owed. How do I go about getting this removed from my credit report without any supporting documents? [link] [comments]  |
| HR telling me to enroll in insurance for 1 month Posted: 06 Nov 2018 05:14 PM PST Hey everyone, just got married, my wife is on her parent's insurance until January. We are both going to get on her work insurance but my HR guy is telling me to enroll in our new healthcare plan and then un-enroll in 1 month when my coverage starts with my wife's insurance plan. My Wife seems to think this is not possible to do but honestly I'm clueless. I currently have insurance with my company, they are switching to new plans. TL;DR Is it possible to enroll in my work's health insurance just until January first? [link] [comments]  |
| Do I handle investing myself, or get someone to do it for me? Posted: 06 Nov 2018 10:50 AM PST My wife and I (22 yo and 24 yo, respectively) have about $30k combined in student loan debt, but we're working on that. Currently, we're both working full time and working on our masters (we work for our alma mater and they provide it for free, score), we're building our 6 month emergency net, and already max out our work 401ks. All said, we're budgeting well, and have around a grand a month that we're not spending, and am currently saving. If we want to get into more investing, is that something I can do myself? Should I use one of the robo-advisors? Or is it best to talk to someone? I'd much rather trust a professional about this than my own self, but just curious about what's best to do moving forward. Edit: Also, how much should I have liquid at any point? We want to travel and such and have kids within five years or so, but I don't want our money to be locked away at that point. [link] [comments]  |
| Recently graduated, newly married, BROKE. Posted: 06 Nov 2018 07:23 PM PST Alright Reddit, we need some advice. My Wife and I graduated College about a year and a half ago. We've been married and on our own for the past 6 months and have been struggling to get by. We both have around 45k in student debt that we are paying off on a 10 year flat rate plan. We paid for the wedding on our own and have some residual debt (about 2,000) that we are paying off of my credit card. We pay rent, phone bills, insurance, and all of the other standard costs of living. We are both employed full-time which is a BLESSING. My Wife's positions after college have been temporary contracts, which have only been certain for 3 months at a time. To add to that- my Wife also carries 20k in medical bills from her battle with cancer as a teenager. Long story short, her parents went bankrupt paying for treatment, and that 20k is for procedures/surgery and treatment for side effects that all occurred when she was 18 and in remission. At 18 she was not able to pay this off and college only added to that debt. Essentially she has avoided calls from collections for the past 7 years.. This destroyed her credit and left her in a huge hole before her life even got started. We hope to start paying the medical bills and also start putting away into our savings. The problem is that at our current capacity that hope just isn't possible. So, Reddit- I am asking for advice. I am happy to accept any advice you are willing to give in regards to the best plan of attack against this mountainous debt. I am also trying to find a way to earn some extra monthly income to help with our bills. Any advice on the best way to do that on top of a full time job? TL;DR Medical and Student debt. How to finance better, reddit pls. [link] [comments]  |
| ACA: widow's benefits and MRDs on an inherited 401K (non-spousal) Posted: 06 Nov 2018 01:54 PM PST EDIT: Title should say inherited IRA, not inherited 401K, although that's what it was prior to becoming the inherited IRA. TL/DR: Can I use a MRD to bring a $0 income up to the $20K income I'd need to qualify for ACA subsidies? In order to not end up writing screens of text, I will attempt to keep this brief. If you need further clarification, I can provide that as well. In March, my husband passed away. He left me and our two young children (4 and now 7) behind. He carried our family's health insurance through his employer. When he passed, we were offered COBRA, at what you can well imagine was a huge increase. My employer no longer offers health insurance. At that point, I applied for and secured healthcare through the marketplace. On the application, I indicated my income from my employment ($65K) but I do not recall if I included income from last year's MRD's that I am required to take because I inherited an IRA from my brother a few years back. If the application asked for it, I'm sure I added it. Since then, I have become increasingly frustrated with my job, which changed hands right around the time my husband passed, and has only gone sharply downhill since. If I find myself unemployed for any reason (including quitting a job), I will receive social security survivor's benefits (called something to the effect of "young widows with children" which is more a reflection on my kids' ages than mine) in addition to those my children receive. All told, the benefits would be enough for us to live on without sacrificing too much. (about $3.5K/month) Because my job sucks and I have a 4 year old as well as no degree (albeit a ton of OTJ bookkeeping/AP experience) it occurred to me to quit in December after padding my emergency funds/savings accounts a bit (SSI for me wouldn't take effect until 2019 at the earliest anyhow). I'd take next year or even the next few years off from work, stay home with her for the first few months and finish college once she's in kindergarten (I didn't forget about the 7yo, but he'd be in school regardless). I have an emergency fund of about $10K, and have another $10K across other non investment accounts, and am also expecting a settlement on my late brother's house shortly of somewhere between $25 and $30K. I have cash to last for a couple of years as long as I don't go crazy with it. Worst case, I don't believe I'd have trouble finding another job, although if I make too much (basically make anything), I lose the widow's benefit. The children keep theirs no matter what. Problem is, since survivor's/widow's benefits don't count as taxable income (at least everything I have read seems to indicate that every other SS payment does, but not this), my net income at that point on paper for purposes of the ACA goes down to $0, with the exception of the MRD that I have to take on my brother's 401K part of which he left me when he passed away in 2015. Since then, I have managed to grow this into a little over $200K, so the annual MRD is currently around $4K, although I can take more if I want to. With an income of essentially $0, I don't qualify for ACA subsidies. But with a net worth of $200K+ I certainly don't qualify for Medicaid. It's a catch-22. All of that being said, my main question is: Can I take an MRD equivalent to 100% of the poverty level WRT the ACA (for a family of 3 it's in the neighborhood of $20,500) and claim that as my sole source of income for 2019? Since it technically would be my only income, I don't really need to worry about being thrown into a higher tax bracket over it, but it feels like cheating the system. If I take the equivalent of 100% of the poverty level, I believe that qualifies me for the most subsidies. Also, anything I make over $17,040 (in the neighborhood) counts against how much I can take for the widow's benefit, but they deduct $1 for every $2 you go over, and since we hit and went over the family max, I'm relatively sure that it would bring my portion down, but probably still leave it over the family max, so it doesn't make any difference. Would I need a health insurance broker to navigate something like this? Should I be calling Fidelity instead to ask their opinion? Or SSA? Google hasn't helped a bit, but perhaps you awesome people at r/personalfinance can be of some assistance. I basically just need to know where to start. You should know that I am posting this right as I am leaving work, and I'm a single mom, so I most likely won't be able to get back to it until after 9:00pm EST, because dinner and bedtime. Thanks in advance. [link] [comments]  |
| Posted: 06 Nov 2018 05:24 PM PST I posted this over in r/healthinsurance to no avail. I got a job offer and accepted. The offer letter specifically said "Employer pays all premiums for medical, dental, and eye care plans for employee and 40% of premiums for dependents. These benefits are available 30 days after date of hire." I started working October 8th. I theoretically should get benefits tomorrow November 7th (30 days if I'm counting correctly). I then get an email yesterday letting me know about the benefits and my coverage will begin on December 1st. Is this standard practice? Should I bring it up and say my offer letter says I'll get it 30 days into employment and not the first month after 30 days have elapsed? [link] [comments]  |
| Posted: 06 Nov 2018 05:16 PM PST Hello, a couple days ago my dad noticed a weird transaction on his bank account. It was a purchase made at Ozone Billiards with a total of $700. As soon as my dad saw this he realized his credit card information was compromised and he called his bank right away. After explaining the situation, the bank told him that they will file a report and issue him a new card. So we thought everything was handled until toady we received the item from FedEx. The shipping address is our address but it is under a name we don't recognize. We haven't opened the package yet. After doing some googling I figure sending fraudulent purchase to the cardholder's home address is actually a part of the scam. So I'm here wondering what should I do next? I don't really understand how the scammer is going to benefit from sending the item to our home. There isn't any Ozone Billiards stores in my area so I can't go there and talk to them personally to explain this confusing situation. Should my dad call the bank again? Should we file a police report? I'm not sure where I should post this. If there is a better sub for this problem please direct me to it. Thanks in advance. [link] [comments]  |
| Wells fargo charging cash advances when i have not used the card in months. Posted: 06 Nov 2018 08:50 PM PST I carry some debt on the card. Every month they charge me a few dollars here and there for cash advances. I have not charged anything to the card in a few months. I am paying it off, have not missed a payment in years. They are super shitty just wondering if there is anything i could do. Going to pay it off and then never deal with them again. [link] [comments]  |
| Pay towards credit card debt or payoff hospital bill? Posted: 06 Nov 2018 12:05 PM PST Forgive me if this sounds like a naive or obvious question. I didnt really look into how credit works, paying off debt, money management, etc. until recently and I'm still learning a lot. Currently working on paying off CC debt. I also have a lingering hospital bill ($950) that's been in collections. I recently started a side business and have a gig coming up where I'll be earning about $800 from it, so I can probably get the difference together to pay off the medical bill in one shot. Would it be better for my credit to payoff the medical bill entirely to take it out of collections or try to make a payment arrangement with the collections agency and put the bulk of the money toward my credit card? This wouldn't pay the card off entirely, but would knock the balance down to about ~40% of the limit. I'd also have two other CC balances on top of that as well. [link] [comments]  |
| Wondering what to do with my car? Posted: 06 Nov 2018 09:28 AM PST I have a car that's worth 18k but I owe 25k on it with 66 months left at 8% APR. I make 90k per year. I like the car and all but I realized too little too late that I do need an expensive car. I am exploring several options but am not sure what would save me the most money on the long run. My options are A) Trade the car in, pay the difference in negative equity (I have a recent credit card with 18 mos 0% APR) then purchase another car around 8-10k. B) Trade in the car and put the negative equity into a lease. Now this would be a car that I would keep (buyout) after the 3 years. It would be a car I want to keep for at least the next 10 years. C) Keep paying for the car until it is worth about the same as I owe. (By my calculations it would take 16 months or so) Thank you all. [link] [comments]  |
| You are subscribed to email updates from Personal Finance. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment