Personal Finance New to /r/personalfinance? Have questions? Read this first! |
- New to /r/personalfinance? Have questions? Read this first!
- Weekend Discussion and Victory Thread for the week of December 21, 2018
- HR Block Messed up my taxes
- In hindsight I feel really bad not to have done anything for mom. She loses the house to a foreclosure next week.
- Amateur Guide to Shopping Diagnostic Imaging Procedure (x-rays, ultrasound, etc)
- Someone Walked into a CitiBank Branch and withdrew money from my account
- Open a high yield online savings account.
- Got a preview of what is ahead of my wife and I with Gymnastics......
- 19 y/o and girlfriend wants to make a joint account
- Exactly a year and a month ago I paid for a repair for my car. Yesterday I was surprised with a recall letter from my car maker detailing exactly the same problem I paid for.
- Pay off credit cards completely now or continue saving for a house?
- Financial Goals with SO
- College grad drowning
- Credit Score lowered from 840 to 760 for 7 years over 1 dollar 86 cents due
- Question about federal loan grace period and in school deferement
- Debt vs retirement
- Should I max my 403b before contributing to an IRA?
- I'm scared that my mother's irresponsible spending habits and terrible money management will drive us to bankruptcy very soon. Please help!
- Someone broke into my garage and stole tools
- I'm thinking about not buying a house and waiting for the seller's market to turn into a buyer's market. What should I do with the down payment while waiting for the tide to turn?
- Compounding interest
- Gunshy after losing home in the last recession - to buy in 2019 or wait a bit longer?
- Need help/reassurance that I’m calculating a potential paycheck right.
- How much is enough to justify a Job Switch
- IRS will no longer fax transcripts beginning February 4, 2019
- Beneficiary of my X-girlfriends life insurance policy
| New to /r/personalfinance? Have questions? Read this first! Posted: 15 Dec 2018 05:06 AM PST Welcome! Before making a post, please check out some of the great resources that we've provided to answer your questions:We have a simple guide answering most questions about what to do with money and how to prioritize your finances: Click here: How to handle $.We have a wiki covering dozens of topics: credit, debt, retirement, investing, and more: Click Here: Personal Finance Wiki.We have age-specific guides too!15 to 20?18 to 25?25 to 35?35 to 45?Also be sure to check out our regular series:Weekday HelpWeekend Discussion and VictoryWhen posting here, please treat others with respect, stay on-topic, and avoid self-promotion.[link] [comments]  |
| Weekend Discussion and Victory Thread for the week of December 21, 2018 Posted: 21 Dec 2018 01:05 PM PST If you need help, please check the PF Wiki to see if your question might be answered there.This thread is for personal finance questions, discussions, and sharing your success stories:
A big thank you to the many PFers who take time to answer other people's questions! [link] [comments]  |
| Posted: 21 Dec 2018 06:17 AM PST I have always done my taxes myself on HR Block's website and never had any issues. This past year (2017 taxes), I went into one of the offices and had an HR Block employee do my taxes( only worked for 1 company so only 1 W2). I assumed this was a safe decision. Yesterday I got home and had a letter from the IRS. The letter stated that my line 10 entry was incorrect and was about $8,000 less than what I actually made. This error has caused my taxes not to be payed correctly and now I have a bill to the IRS for $1,800 for back taxes that weren't paid. Do I have any recourse to HR Block for improperly entering my taxes? [link] [comments]  |
| Posted: 21 Dec 2018 04:17 PM PST I'm 25 and my mom is in her late 40's, long since separated from my father. She was a really great mom who raised me well, however she had absolutely terrible spending habits and would buy a ton of stuff she didn't need (and which I didn't need too when I used to live with her), default massively on bills and credit card payments etc. There was no way to reason with her and she basically did what she wanted with her money, despite earning only about $50k annually. I still keep in touch with her despite having moved out at 21 but mom is also a very proud woman who never tells anyone anything about the state of her finances. She basically never wants or expects anything from me. I've graduated a couple of years ago and currently earn around 45k annually, living many states away from her in accommodation I'm not in a position to share and recently learned from a third-party that mom will lose the house due to mortgage defaults next week. I know her problems are hers alone to deal with and I have no obligation to help her out but she has nowhere to go (her family is basically non-existent), nowhere to turn to and now she doesn't have a roof over her head and food on her table. I feel really shitty and depressed for not helping her out with her debts and figuring out her problems before it was too late, even though she'd never let me out of her sense of pride. Did anyone else feel this way when leaving their family members to slowly self-destruct, however inevitable you knew it was? [link] [comments]  |
| Amateur Guide to Shopping Diagnostic Imaging Procedure (x-rays, ultrasound, etc) Posted: 21 Dec 2018 06:58 AM PST There are two main hospital chains in my city - one more expensive than the other. I recently went to my spine doctor at the expensive one and he ordered me an ultrasound. Here's what I've learned on how to save money in this area. Once doctor from Hospital A schedules you an appointment for diagnostic imaging: 1) get the CPT code(s), also called procedure codes, from your assigned diagnostic imaging location 2) call hospital A's billing department, get the price to go through your insurance. You'll need to tell them your deductible if you want them to calculate/estimate what your actual cost will be to go through insurance. You'll also give them your CPT codes if they can't find them in their system. 3) ask them for the self-pay cost of the procedure. For example, my deductible resets on Jan 1st (today is 12/21), and I'm nowhere near meeting it. If I went through my insurance, it would cost $944. Self pay price is $344 - it won't go towards my deductible, but that won't matter because I'll be nowhere near meeting it. 4) Now that you have the CPT codes and the prices for Hospital A, look around on the web for other radiology services in your area. Call their billing departments, give them your CPT codes, and get their self-pay prices (and through-insurance prices if you want). 5) Lastly, if you decide to switch from Hospital A to lower-priced Hospital B, you'll need to call Hospital A's radiology dept back up and have them send your order (usually by fax) to Hospital B. DISCLAIMER: I know little about navigating healthcare costs, hence my excitement about sharing this new piece of knowledge that many of you may already know. Just posting in case it helps. I'm making the assumption that B's radiology team is as good as A's. [link] [comments]  |
| Someone Walked into a CitiBank Branch and withdrew money from my account Posted: 21 Dec 2018 04:01 PM PST First off, this is by far the craziest thing that has probably happened to me. I got a notification on my phone that a $3500 withdraw had been made using my account. My card was on me, as was my ID. What's crazier is that it was a teller withdraw....so how on gods great earth did this possibly happen? I've called citibank and they're looking into it, with a provisional credit supposedly being given to me on the 26th of this month....has this happened to anyone else????!!! [link] [comments]  |
| Open a high yield online savings account. Posted: 21 Dec 2018 07:07 AM PST Hey, I just thought I'd recommend to anyone who has a decent amount in savings that is saving up for some purchase in the near future and therefore doesn't want to put that money into retirement accounts or the stock market outside of retirement accounts to open a high yield online savings account. I am currently getting 2% interest on mine which is much higher than a normal bank would pay and that's almost enough to even cancel out inflation if you assume a rate of 3%. [link] [comments]  |
| Got a preview of what is ahead of my wife and I with Gymnastics...... Posted: 21 Dec 2018 06:36 AM PST We've taken our daughter to a really well known gymnastics class starting when she was 5. She started in the Kindergarten class there in the fall of 2017. She's 6 now and moved up to their level 1 recreational class. Its only an hour and a half, one time a week. She loves it. Its $100 a month. She makes friends there, the coaches are great, she's learning a lot of self confidence and fitness, which are the primary reasons we wanted her there. It was actually her idea to do gymnastics as opposed to Soccer or Dance or anything else that we showed her. So, she's happy and the price and time commitment are reasonable. So, last night my wife and I were there watching out daughter and we started chatting with some other parents there. Their daughters were 7 and 8. One is on their competition team, the other is on the pre-competition team. So, their time commitment is 2 weekdays of 3.5 hours, 4 hours on saturday and on top of that, they have to go to a dance school one night a week for the floor routine. Time commitment aside, the one blurted out that its $3,000. We're not sure if that is per quarter (which is what they bill, ours is $300/qtr), semi annual or annual. We didn't wanna ask because our jaws were already on the floor. Now, there is no guarantee that our daughter will even want to do that. She might want to just stay on the recreational side and just have fun. But holy shit!!!!!! That cost is astronomical, as i'd lean that it is most likely per quarter. My wife and I are on the Dave Ramsey 7 step plan. We're working on paying off debt, which we're doing well with. But even if we paid off our debt before this, we'd be on a diet of rice and beans. I wanted to ask some others here, parents, who the hell do you do this? Are there any tips or tricks that i could learn to make this more manageable? How would you even consider this if you have a second or third child, let alone a kid in daycare. My wife and I have a HHI of around $145/yr. We have a monthly budget, and almost all our extra money goes toward paying down debt. The reasons i'm asking is because i want to have a mental plan for this if my daughter would eventually want to do this. [link] [comments]  |
| 19 y/o and girlfriend wants to make a joint account Posted: 21 Dec 2018 09:37 AM PST So, like the title says, I'm 19, living in an apartment with my girlfriend and roommate, and my girlfriend has been asking me a lot the past few months to make a joint account with her. We've been together four years, and I do trust her (ie Its very unlikely she'll just take the money and dip) but I see no point in making one. We make barely over 3000 a month (combined) more than half of which goes to bills, and the rest (of my money at least) I've been trying to save for college, but even that seems to be a struggle. She says she wants to use it for cat stuff, groceries, ect, but we've been living together for 2 years with individual accounts and have had no problems coordinating to get that stuff. In my mind, it's just a bad idea to open a joint account at my age period, but she seems to see it as more of an opportunity, so I guess my question is, is it a good idea to open a joint account at my age and in my situation? Would it even be worth it? [link] [comments]  |
| Posted: 21 Dec 2018 07:29 AM PST Hi all, I'll try to be as concise as I can. I drive a 14' Ford Focus. Last year I took my car to a Ford dealership that's nearby for my engine was stalling and the check engine light came up. Long story short, the problem was figured out and the technician on site went ahead and fixed my car with my permission. With parts, labor, taxes, etc., the total amounted to 361$. I still have my original receipt, one of those official ones you get every time you take your car in for service. In it the problem my car has/had is detailed and matches exactly the description of the recall letter I received on the mail. I say has/had because my car still doesn't read how much fuel is left (one of the problems listed on the letter and by the mechanic a year ago). The whole point of this post is, is there anything I can do about this? Can I be refunded this money? Can I ask for that money in terms of credits for say, one of those 65k engine services or whatever? Other than call or show up at the dealership and explain to them what I wrote in this post, is there something you recommend while talking to them? Edit: Dealership said to contact Ford directly. Ford said to send them the original copy of the service that was done to me which I luckily have among other info. Thanks for your feedback. Edit 2: yes I have car insurance.... [link] [comments]  |
| Pay off credit cards completely now or continue saving for a house? Posted: 21 Dec 2018 04:53 AM PST The wife and I would like to get out of our apartment sooner rather than later, we've currently put away ~$10k or so for just that. However combined, we have ~$5k in credit card debt from when times weren't quite as smooth. We both have very steady incomes now, albeit not high incomes, and were wondering what the best course of action for us is... Do we pay off the credit cards completely so that we don't have to worry about them at all anymore, at the expense of us moving into a house sooner, and then save for a home or do we continue to pay the monthly credit card bill and work towards the house so that we're actually paying towards something with a mortgage instead of throwing money away on apartment rent? Any general advice on what should be top priority? Thanks! [link] [comments]  |
| Posted: 21 Dec 2018 02:57 PM PST Been married for 6 years, one thing that seems we can never talk about is financial goals. I do all the the finances and she wishes just to know how much I need to cover the expenses. My issue is when I wish to discuss finances, it "scares" her or causes her high anxiety. So the conversation comes up about twice a year and never gets a full discussion. I feel that we spend to much on food and drinks and adult beverages. I wish to get debt free but I feel like we get deeper in debt. If we were aligned I feel we could tackle this as a team and not just one person.w TLDR: How can I get my SO to discuss financial goals and how can we align on goals to tackle debt? [link] [comments]  |
| Posted: 21 Dec 2018 08:23 PM PST TLDR graduated in May with BBA in finance, severely underemployed making $17.24 an hour (~$34k a year). I gross about $2200 a month. I have $200 in savings $35k in student loans, a cc with 0% APR until June with $600 balance currently ( I could wipe this with what's in my checking currently..if not for the latest car repair). Good credit score around 750, never missed a payment in 4 years of owning a credit card. Never carried a balance until recently Expenses are: Rent/utlitlies $1100 Food:400 Misc:150 "Savings":200 Loans:200 I've had $1500 in car repairs in 3 months on a car I've purchased for $3000 less than 2 years ago, with more trouble coming (transmission). I owe my parents roughly $1100 (they aren't coming after me for it but I hate having this hang over me). My question is what can I do if my car, which I absolutely need for work, keeps setting me back ~$500 a month? I want to save for a lease put $2k down and use the money I'd get from selling my car for the payments until I find a new job/raise. I have the option to work up to 20 hours overtime a week, although that may be gone soon. What are my options? I live pretty bare bones. Coming from a finance background it seriously stresses me out knowing my situation is fucked. I don't want to go into cc debt. I may look for a new job, even though I've only been at my current for 6 months. Thoughts? [link] [comments]  |
| Credit Score lowered from 840 to 760 for 7 years over 1 dollar 86 cents due Posted: 21 Dec 2018 02:14 PM PST A couple months ago I went to Best Buy to get new headphones for my son on a 2 year warranty. I went there, got new headphones and left. What I didn't know at the time was they charged me $1.86 for it. It was put on my card and I never payed it due to me not knowing. On monday, they called me saying I owe 3 dollars now and I'm 6 months late on my payment. My credit scored lowered from 840 to 760 for 7 whole years. I'm 57 now and it will end when I'm 64, during this time all my children will go into college and graduate before the 7 years end. I tried to reason with them saying I didn't know, but they stayed stern on their 3 dollars owed. My entire life I broke my back paying every single cent I owed. I am absolutely devastated that this happened. Are there any steps I can take to revert this? [link] [comments]  |
| Question about federal loan grace period and in school deferement Posted: 21 Dec 2018 08:09 PM PST Here is my situation: I am taking spring 2019 semester off to work. I have 4 federal direct loans so far and their 6 month grace period ends in middle of june. I want to register in a class that begins end of may (which would put me at half time status) so that the grace period does not get used up. I talked to a person at my schools financial aid office and they said that summer is not a mandatory semester for enrollment purposes, and my loans will not automatically resume a deferment status because summer is optional. They said that I will want to get an in-school deferment form from my lender's website and provide it to the Registrar's Office to certify my enrollment for summer semester. Doing a search for in school deferement form, I find this https://ifap.ed.gov/dpcletters/attachments/GEN1602Attach18450011SCHFINAL.pdf I don't see anything in this form that refers to the sixth month grace period, other than in section 3 in the last check box, but I don't have any PLUS loans. Would this be the right form me or am I completely clueless and misinterpreting everything? I am worried that this form is just to stop payments only when I am in classes and after my summer class ends I would have to start paying them again. I would post this on r/studentloans but for some reason it never shows up. If you have any input on my situation I would greatly appreciate it. [link] [comments]  |
| Posted: 21 Dec 2018 03:07 PM PST I am curious on everyone's opinion on what is more beneficial. I am under the belief that neither is wrong as long as "at the end of the day, what ever makes you sleep better at night". But should you pay off debt if it takes you 10 years while missing out on 10 years of retirement? One person might state that retirement you should be debt free and no one thinks about being debt free but everyone always says they wish they put more money way (hopefully I worded that in an appropriate manner for my point). Also, if debt interest is exceeded by the gain on investment, you are losing money. But at the same time, becoming debt free, then essentially no one can have any stake in your life financially. I am trying to max out my Roth, but I'm also carrying a decent load of debt? I have a plan for becoming debt free while maxing out my retirement. But it seems I never make any progress in the debt sector and I am actually taking on more debt. Any words of wisdom is greatly appreciated! [link] [comments]  |
| Should I max my 403b before contributing to an IRA? Posted: 21 Dec 2018 07:47 PM PST Hello, My employer contributes 6% to my 403b without requiring me to contribute anything. I was thinking about opening an IRA, but after looking into both IRA's I realized that I would not qualify for the Traditional IRA tax deductions, and the only way for me to max out the Roth IRA would be through a Backdoor IRA due to the income limitations. Should I forget about the IRAs and just focus on maxing out my 403b contributions? Or can I still benefit from opening an IRA and not maxing out the 403b? Thanks for reading! Additional information: I live in NYC. I've only worked full-time for 10 months this year and made about $120k with $8k contributed to my 403b. I expect to make about $130k next year since I get paid hourly. I'll have about $36k of student loans by 2019. [link] [comments]  |
| Posted: 21 Dec 2018 08:10 AM PST Hi. Some background: I'm 24 and in grad school with a student loan. My brothers are both 21 and graduated debt free. My dad is 65 and retired. My mom is 58 and is still working. I've scaled everything to the USD (I'm not from the US) for generality. ---------------------- Where do I even start? My father has a degree in engineering but started his own small business which was not highly successful. At his peak, he made about 50k a year. His business failed about 8 years ago and he was never able to recover from that. My mom has held a job for the last 30 years or so and she makes about 80k a year from just her job. Four years ago, her father passes away leaving her some inheritance and a monthly income of about 5k. So for the last 4 years or so she has been making 92k. And for scale, imagine out living expenses to be the same as in Phoenix, Arizona. Yet somehow, we are struggling to make ends meet. My mom has zero savings and TONS of debt. I don't understand how she has not been able to save any money over all these years. 92k a year plus whatever income my dad's business made seems more than enough to make sure we don't go into debt. The situation right now is: 1. Student Loans: For my undergrad (even though I got a substantial scholarship), my parents insisted they take out a loan to pay off the remaining amount which could have been paid out of pocket. They wanted to improve their credit standing. That did not happen. They stopped making payments three years ago and now that loan has gathered so much interest that the monthly payments are around 1.5k. 2. Car payments: My parents are also behind on their car payments. This would be around $500 a month and the total amount due is around 5k. (I don't even know how....) 3. Unnecessary expensive and luxurious family vacations every year: When I was younger, we were actually able to afford these but around 2011 my mom first mentioned the financial situation and still continued to plan and take these vacations up until last year. There is no reasoning with her and since my dad isn't bringing in money anymore it's more like "it's my money and do what I want" situation. She will not listen to any reason from any of us. This costs about $10k for 5 people. Earlier this year, a large amount of tax was due on her inheritance which had to be paid out of pocket. Despite this, she planned a vacation even though none of us agreed to it and booked everything. When the time came to pay the tax there was not enough money. 4. Buying everything on special financing: All of our purchases are through special financing - like TVs, washing machine, phones and anything else possible. I understand wanting to spread out the payments but when the time comes to pay the monthly amount due, the money is used to pay for either my brothers' tuition or towards the vacation. These payments pile up and these add to her debt even more. So after all this, my mother recently wanted to buy a new car even though she claimed she has no money to make the 5k due on the old car. She still wants to go on a second vacation this year and plan another expensive vacation for next year. All while complaining that there is not enough money to pay off a student loan she insisted I take for my undergrad/buy things like clothes and other necessities/having zero savings. If this keeps up, we will soon be bankrupt since she only has two years of work left and my dad is not working. She is also pushing my brothers to go to school to get another degree which will be more debt. The dire financial situation was kept from my brothers and I until the beginning of this year. I do not live at home but my brothers still do. My parents do not have a mortgage payment. I know that she is probably in need of mental health assistance but what can I do now to take some control of this financial situation? This will not end well unless I take some action now. I still have a year or so of grad school left and I will likely have to look for a job after I graduate instead of getting my PhD as I had initially planned. Edit: A lot of the commenters are saying that my parents' debt is not mine. I agree with that. But, I am culturally and also morally obligated to support them when they are not able to. Not just me but my siblings as well. So when the time comes the three of us will have to deal with their debt. [link] [comments]  |
| Someone broke into my garage and stole tools Posted: 21 Dec 2018 07:39 AM PST So this happened a few days ago. I came home around 11:30pm and my detached garage bay door was open. Immediately I noticed my thickness planer and my main tool chest were gone. The garage was a mess, I was not going to call the police originally because I thought my deductible was 1500, and I had no clue was missing. Eventually, I realized it was way more than my deductible, I called the cops, they came, wrote me a case number, and gave me a property loss form. Next morning was insurance. And this is where the fun begins: Of course, insurance wants me to provide receipts for everything I have purchased, but I don't have any. I don't even have the serial numbers off any of my tools. I went to Home Depot, asked them and had a receipt of everything I've purchased in the last year printed. Was over 100pages of receipts. Tried the same at Lowe's, and their records only go back 3 months, AND they can only look up receipts by date. I only bought one thing at Menards tool-wise since moving to this state about 3yrs ago (I mostly avoid menards because they don't give military discounts). The tool chest was a craftsman rolling chest that I bought from sears I think back in 2011-2012, and was stuffed with all sorts of goodies. They even stole one of my dollies, most likely to help get that chest on the back of their truck. At least I assume it was a truck and most likely 2-3 guys because it was not light by any means. I've been buying tools for over a decade. I don't generally take pictures, especially of my tools because, well, they are tools in my garage. Any advice would be grand, this is partly also be venting, so thanks for your time. TL;DR - someone(s) stole almost 10k worth of tools from my garage. Stuff I've been buying over the course of 10+yrs. I don't have pictures or receipts of these things for insurance, what do I do? Edit: Spelling, some grammar. [link] [comments]  |
| Posted: 21 Dec 2018 11:24 AM PST I have been looking at buying a house this year. My down payment wasn't quite good enough last year and I couldn't bring myself to pay PMI but now the market is 30% up. Although I have the down payment I don't think buying a house at the peak is a good idea. What should I do with the down payment I was going to use? I would rather not have it in a savings account. It would be nice to put it to work but also have access to it in the near future (1-2 years). Your advice is appreciated. [link] [comments]  |
| Posted: 21 Dec 2018 06:36 PM PST Hello and good day! I recently opened a savings account and was told that the interest is compounded daily. Can someone explain to me what that exactly means? I was explained to over the phone by a customer representative but I still don't really understand. Is the interest compounded on the total amount every day? Is there any interest compounded on my deposits? Also I was curious since interest is compounded daily, would it be more advantageous to me to deposit daily instead of once a month? For example, say I was going to deposit $100 every month. Would the daily compounded interest be used more as an advantage if I deposited $3 a day? If I did $3/ day vs $100/ month with a 2.00% apy will one gain more from interest than the other? Thanks in advance for all the responses and helping me out! [link] [comments]  |
| Gunshy after losing home in the last recession - to buy in 2019 or wait a bit longer? Posted: 21 Dec 2018 04:19 PM PST We lost our asses a few years ago and are about to come up on our 4 year cool down period after short selling our house. Among the things we learned is listening to warning alarms in our minds. Right now mine are blaring. Interest rates are going up, the stock market is not doing well, rents have fallen in our area by 15%, and home prices are higher than I feel they should be. Additionally, buying a home in Illinois doesn't seem optimal due to our state budget dumpster fire (though we don't want to live in another state--another country, yes, but not really another state). Current personal finance situation is a small remaining student loan debt and a small car payment balance, both of which could be paid off with the money we have saved for a down payment on the condo we rent. Our landlord will be selling it in 2019 and he has made us a fair written offer, but we are not obligated to accept it. Condos are also a slightly different animal for mortgages. Even with a 750 credit score post-short sale, the best fixed rate we can find with 0 points is 5.125% and 4.5% with 2 points. ARMs aren't much better than the 0 point option. We'd have to do conventional as the building isn't FHA approved due to a zero renting policy enacted several years ago. Our landlord is grandfathered in. Are we simply being overly cautious or is there cause to hesitate? We've been living here since the house sold and it is more than adequate, we prefer it over a single family house, but we can rent cheaper than the condo mortgage+HOA+tax. We can also pay off those two debts, bank a bunch of cash while renting, then take advantage of a downturned housing market I suppose. Had we timed it right, we could've bought a condo here for $90k instead of $140k a few years later. [link] [comments]  |
| Need help/reassurance that I’m calculating a potential paycheck right. Posted: 21 Dec 2018 04:17 PM PST I have an offer to relocate to Denver, CO with a 78k salary. For tax purposes I am single with no real tax deductions. Before I accept or deny the offer I want to figure out a budget since the cost of living is a lot higher than my current living situation. Can someone check my math/see if I'm forgetting anything when calculating my taxes? Salary: 78k Colorado state tax(4.65%): $3611 Federal taxes: $4542+($38524*.22)=$13018 Social security (7.65%): $5967 Gross income: $55403 Weekly paycheck:$1065 I understand that the first 12k of my salary is a federal tax deduction so that'll be lower, but I figured if I ignore this it'll compensate for the extra taxes they'll take out. [link] [comments]  |
| How much is enough to justify a Job Switch Posted: 21 Dec 2018 09:36 AM PST I am debating on a Job switch at the moment. Company1 is treating me well and has amazing benefits such as Unlimited PTO, Fully paid for medical/vision/dental insurance, Paid lunch every day and the flexibility to Work Remotely whenever I see convenient. Company 2 benefits are also good, 18 days to start with PTO and decent health benefits. They are offering me a pay bump of 20k more a year. That averages out to about 1k more a month (After they destroy my single 23 y/o self in taxes) I started my current Job in September, I guess I am wondering when does loyalty play a part in my career? The way I think about it is if the company started to struggle, they probably wouldn't think twice before letting me go. Is that the correct mentality to have? Would 20k be worth a job move for you guys? Thanks for your help! EDIT: I forgot to mention that Company2 is Work from home full time [link] [comments]  |
| IRS will no longer fax transcripts beginning February 4, 2019 Posted: 21 Dec 2018 10:05 AM PST Internal Revenue Service announced it would stop its tax transcript faxing service as of Feb. 4, 2019 for individuals and tax professionals. Individuals may still call the IRS to obtain a masked tax account transcript and one will be mailed to the last address of record. If a Taxpayer's address of record is no longer current, the representative will ask additional security questions, update the address on the contact, and mail the transcripts to the new address. From the order date, the normal delivery time frame is 5 to 10 days by USPS. For faster service, taxpayers may go to IRS.gov for Get Transcript Online, verify their identities and create an account. They can then view or download a copy of their tax transcript immediately. Or they can go to IRS.gov for Get Transcript by Mail and request a transcript be mailed to their last address of record. Taxpayers also may call 800-908-9946 for automated service to order a transcript by mail. IRS Form 4506-T can also be used to obtain all transcript types. Transcripts can also be provided at a local IRS Taxpayer Assistance Center by appointment only. The IRS TAC Appointment line is toll-free 1-844-545-5640 Monday through Friday 7am - 7pm local time. [link] [comments]  |
| Beneficiary of my X-girlfriends life insurance policy Posted: 21 Dec 2018 11:17 AM PST (Canada) I have recently been informed that I am the sole beneficiary of my x girlfriends life insurance policy, in the event that the police report finds that her death was accidental. I dont know the details as of yet and there may be no payout at all. The breakup was a long time ago and I have no intention of keeping the money should it come through. Besides figuring out who the money should go to, I am concerned that receiving and transferring a large sum of money could incur taxes or other fees. What is the best course of action here? Should I be contacting the insurance company? Should I let the family figure it all out and just focus on my own financial implications when more information is provided? It's a strange situation to be in [link] [comments]  |
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