Personal Finance Tax Thursday Thread for the week of March 21, 2019 |
- Tax Thursday Thread for the week of March 21, 2019
- I HAVE TO move out at 18, what do I do?
- Have been working in Europe, and have been told by another American I should have been paying taxes?
- Went to one of those shark talk “events”
- I just quit my job. What happens to my 401k?
- [Encouragement] It sucks but paying down debt is a good way to avoid spending money on stupid stuff.
- Bad credit, but a TON of home equity, looking for options...
- Aggressively paying student loans during grace period - good or bad idea?
- 4 year review is tomorrow, need advice on asking for a big raise
- Graduating with $100K debt and no job.
- Have no debt and decent liquidity but feel trapped. Am I overreacting?
- Can DOE garnish all income?
- Buy Once, Cry Once
- HELP! Buy a used car in cash or continue to lease?
- Recent College Grad Looking for Financial/Investing Advice
- W2 in my name for money I didn't make was filed by my employer AND I already filed my taxes.
- Dying father-in-law offered to give us his house.
- My employer is hiring another position at my level. Recruiting agency has a posting for it, but starting above what I make. Having been here almost 2 years, am I in the right to demand a raise above what this new person would make?
- Is there any way to save money on gas?
- Stay at home father to high needs child, income/finance advice.
- Debt and Wisdom Teeth and more Debt
- Do banks allow multiple checking/savings accounts in US?
- Index funds - is there a right time to buy in?
- What should I invest my daughter’s money in?
- Might have accidentally signed up for a credit card?
| Tax Thursday Thread for the week of March 21, 2019 Posted: 21 Mar 2019 04:07 AM PDT Please read the PF tax wiki page to see if your question is answered there before posting.This weekly cross-sub thread will be posted through mid-April to give subscribers a chance to ask basic tax-related questions in a consolidated thread. We are also very lucky to have some folks from /r/accounting and /r/tax joining us here to help out. Since taxes can be a very complex topic, the main goal is to point people in the right direction, provide helpful information, and answer questions. (Please note that there is no protection under §7525 or attorney-client relationship when discussing matters in posts on a message board. Consult a reputable tax advisor in person if your situation demands it.) Make a top-level comment if you want to ask a tax-related question! If you have not received your answer within 24 hours, please feel free to start a discussion. For all of the Tax Thursday threads from this year, check out the Weekly Archive. [link] [comments]  |
| I HAVE TO move out at 18, what do I do? Posted: 21 Mar 2019 08:11 AM PDT I won't bring up the specific details, but long story short, my parents are legitimately crazy, one of those extreme situations where everything I do must be kept secret (talking to friends, working a normal job, etc). Luckily in the middle of last year I got a job with my brother, he told my parents he would not pay me, then paid me in secret. Since then I have about 10k saved up, but recently they have made it very difficult to even work because I am assuming they somehow figured out I am being paid. Because of this, I will likely lose my job and my income, however, I do have experience working with people, writing resumes, doing interviews, so I don't think getting another job will be super difficult. The main issue for me is how can I get out of this house as quickly as possible? For a while I thought that maybe these things my parents do were normal, but the more I am exposed to the real world (mostly through the internet, which I had very little access to until about 2 years ago) I found out these things are in fact extreme and unusual. For a bit more context, I am 17, no car, no license (parents won't let me get one), no friends who would be willing to let me live with them (socializing was very hard because I was homeschooled) I have a associate's degree and as I said, 10k saved up. Whats my best course of action to get away? Edit: there are a lot of comments and I am sorry I can't reply to all of them, I'm using an old phone I found to make this post so I can't be seen with it, I just want to say thank you all for the advice given, I don't have any mentors so all this honestly helps. Your kindness means the world to me and I will make sure to read every comment. [link] [comments]  |
| Have been working in Europe, and have been told by another American I should have been paying taxes? Posted: 21 Mar 2019 03:51 AM PDT Hi PF, I moved to europe when I was 17 to attend school/university. Because I had dual nationality (US/UK) this was very easy for me. I have since graduated and have worked for the last 4 years in London, and have recently moved to Paris. Here I met another american colleague who was complaining about having to pay taxes/file with the IRS. I have never done this. I assumed the US was like all other counties where you only pay tax when you live there... Personally I have no idea how to do this, or where i should even start! My family resides in PA. For more info heres my approximate earnings per year. 2018:40k 2017:33k 2016:35k 2015:25k To put it simply, am I screwed here? Please let me know if any more info could help. edit: Massive thanks to everyone, the overwhelming amount of advice is greatly appreciate. I am much more at rest mentally, but ill certainly get my shit together and file. Thanks! [link] [comments]  |
| Went to one of those shark talk “events” Posted: 21 Mar 2019 03:53 PM PDT Scams. 100% scams. It was supposed to be Kevin O'Leary talking about wealth, but it was mainly two guys promising you an easy way to money through flipping houses ($1k course) and trading options ($300). I was baffled at the amount of people who fell for this. Kevin's talk was actually informative, but everything else was garbage. If you or anyone you know is going to these events, please let them know what's really happening [link] [comments]  |
| I just quit my job. What happens to my 401k? Posted: 21 Mar 2019 03:19 PM PDT I just quit my first "real job" last month (I was basically told to quit or be fired which would have been worse for me in the long run). I've been grieving over the job and also a bad breakup that happened concurrently, though unrelated, but my finances and dealing with the loss of the job hasn't been the first thing in my mind. I just randomly I had a 401k there. It didn't have much money in it, probably less than $3000, but it's money. I didn't get it back in my final paycheck, so do I just lose it? If not is there something I have to do to get that money back? [link] [comments]  |
| [Encouragement] It sucks but paying down debt is a good way to avoid spending money on stupid stuff. Posted: 21 Mar 2019 08:09 PM PDT The short is that my wife and I were making over $120k. I drove a stupid expensive truck and she needed to quit her job. Cut to late last year where I ditched my truck for an electric vehicle saving a combined $500+/ month gas and payments. She quite her job and got $5k in back pay, the EV tax credit yielded me a $6.5 tax return and my work bonus was $3k. We also heavily reorganized our finances, changed insurance providers, and got our spending under major control. We were never at risk when she was working, but we ate out too much and spent too much money on junk. We took this "windfall" $14k and sat on it as it came in across Jan/Feb/Mar. I watched our savings grow past our emergency fund limit and everytime I had the urge to go out and upgrade my vehicle again I would pay off a student loan. I just made another payment and feel proud that I am working to dig out of the hole instead of digging deeper in. Anyone struggling out there, when you get money don't do what you want to, do what you need to. I am confident that buying that vehicle wouldn't have truly negatively affected me, but the loan is something I won't be living with and that will be unequivocally the better life option. Thanks for reading as I still fight the emotional feeling if wanting my expensive luxury truck I can no longer afford a down payment on. [link] [comments]  |
| Bad credit, but a TON of home equity, looking for options... Posted: 21 Mar 2019 12:54 PM PDT So, I'm in the process of getting a divorce, and my ex's name is on the deed to our home. We've tentatively agreed that I'll buy him out for a little less than half of the equity (as opposed to actually selling), but I'm trying to figure out my options for coming up with that money. I make about $40k a year, and fairly few bills (and will have more income and fewer bills once he's out and I can have a roommate move in), I fully own my ($5k-ish value) car, and I have 70-80% equity in my home (I owe less than $35k on a home that's valued at $120k-$140k, I bought at just the right time with a huge down payment). I don't need to cash out all the equity (and I'd rather not if possible), but I need to come up with roughly $30-50k to buy him out within the next few months. I'm potentially looking at a HELOC or home equity loan, but (VERY long story short) my credit's pretty terrible right now after a very (financially) messy period leading up to our divorce. Any advice on my best options here? And would I need to have a hard number I'm looking to get before I start looking (i.e. have it appraised before I start), or can I go through the process, figure out how much equity a lender feels I have, and then let them know what I'm actually going to want (because the amount I'm going to be paying would be based on the equity)? [link] [comments]  |
| Aggressively paying student loans during grace period - good or bad idea? Posted: 21 Mar 2019 03:30 PM PDT I just graduated in December and am working as a lab technician contractor. I'm in the grace period for my federal student loans until July. Current loans owed is about $23k, monthly payments after grace period will be about $240. As a contractor, I make $18/hour and get a paycheck weekly, so depending on number of weeks in the month and if there's a holiday (I am not paid for holidays), monthly net income varies between $2200 and $2800. Monthly Budget Rent and Parking: $715 Student Loans: $400 Car Insurance: $81 Discover Savings: $100 ($7k balance) Roth IRA: $100 ($1200 balance) Student Spotify: $5 (will go to $10 soon) Groceries vary, but are usually $25 to $30 a week. Eating out similarly varies, but hovers around $40 a month. My main question is: should I hold off on student loan payments for a couple months and defer to building my emergency fund, or should I keep paying? Should I stick to paying over the minimum or reduce my payments? I will be moving to a new apartment or rental house in August, and I plan to keep rent similar to or less than what I pay now. My contract will also expire at the same time, so I will either have a new permanent position job that pays more or I'll have some unemployment time while I search for something. Really the amount of uncertainty I'll be going through in a few months has me worrying about my finances. Any advice is appreciated. [link] [comments]  |
| 4 year review is tomorrow, need advice on asking for a big raise Posted: 21 Mar 2019 09:43 AM PDT I've been at the same company for 4 years now. Originally we were a small company, we have about 50% more staff (~30 employees total now) than we did when I started and more than double the revenue (I know this because I manage all of our insurance claims). I started off as the office manager, but when I tried to quit a year and a half in because I couldn't handle being at that desk all day and hated scheduling, my boss made me a work from home position where I manage all of the billing. I started working for $11/hr and after a 3 month "trial period" I was given a salary of $30,000. On my one-year anniversary, my salary went up to $36,000, at 2 yrs I made $40,000, and at 3 it went up to $44,000. Percentage-wise, I understand I've done alright. The problem is that in our area, the median income in my area is over $80,000 per year (over $110,000 for families), and ever since I started my job I could never afford to live how I want to live. I couldn't possibly get a 1br apartment in the area for less than 50% of my income. A mortgage payment on a house less than one hour away from either of our offices (which is important, since I still need to go into the office occasionally) would also take up almost half my income, and then I'd still need to pay for home repairs/insurance/etc, so owning a home is out of the question. I've been working for over 4 years at this company and I still have to live with 4 other roommates in order to make ends meet. I don't want to seem ungrateful, I love that I have a flexible job where I can work from home (I have some anxiety issues that make it really hard to leave the house some days, and I don't think I could find another job with the same perks), but I can't see myself progressing in life as it stands now. I've decided that I would be perfectly happy working in this role for $60,000/yr indefinitely (I could live by myself and still not break the 1/3 rule), and I think I could really thrive on that amount, but I understand that is a huge raise and I just don't know how to go about asking for it. More info:
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| Graduating with $100K debt and no job. Posted: 21 Mar 2019 06:26 PM PDT In Canada so all numbers are CAD. STORY: Went to top business in Canada to get ahead, was sold the story that the average starting salary is $70K. Had no financial support throughout undergrad at all, and the program is the most expensive in Canada (tuition/year is more than medical and law school=$80K). Some people get really good jobs in investment banking and consulting, but that wasn't for me. Because my tuition was so high and I don't get government funding (mom has income beyond their threshold on paper, but we have no relationship), I had to take out the special line of credit banks provide for students at my school. It financed my tuition and living expenses. Now I'm graduating with $100K debt at prime (roughly 3.9%), and I'm absolutely terrified because I don't even have A job, let alone one of the top paying. I don't know how to plan for the next few years of my life. Note: majority of the students at the school come from wealthy families--parents pay their tuition out of pocket. [link] [comments]  |
| Have no debt and decent liquidity but feel trapped. Am I overreacting? Posted: 21 Mar 2019 03:13 PM PDT Throwaway because detailed personal financial information. My SO and I are in our mid twenties, and currently work in a major city on the east coast. I work in accounting and my SO works as a recruiter. Combined we pull in a little over $140k gross per year. Combined we have roughly $75k in liquid assets and $35K in 401k assets. Neither of us have debt. Our monthly expenses are: Wifi - $35/mo Electric & water ~~~ approx. $100 - $115 per month. Gas - $80/mo Car Insurance - $400 per 6 months (10+ year old car) We have been able to save aggressively in the few years we have been working, but I feel as though we are still so far behind. I feel trapped and worn out because while we have been doing great in saving, we have a large looming expenses on the horizon that will not only wipe out our liquid assets, but will put us in debt and I hate the idea of being in debt. I hate, hate, hate, HATE the idea of going into debt for just about anything (short of a house) and it makes me incredibly anxious about our future. The looming expenses are: A wedding / reception / honey moon I've estimated to cost $28k A two year graduate school program that is estimated to cost $35k per year On top of those two large expenses on the horizon, we would like to purchase a house in the near future. Houses in our general area START at $400k and these are NOT nice houses. If you bought a house at that price point you're likely walking into a home that hasn't seen a dime of investment since the 90's, and it would do well with some gasoline and a match. Buying that $400k house also means we would need $80k cash to cover the 20% down payment. I know we can put up less and simply pay PMI, but I hate the idea of that because it feels like we are just throwing money away to pay for something we can't truly afford and we would be incredibly leveraged. If we moved further away from the city we could likely afford a cheaper and more "modern" house, but we would then have to acquire a new car for in order for my SO to be able to commute to work - adding yet another layer of debt and expenses. The icing on the cake is my SO wants to adopt a small dog. The adoption fees range from $500 - $750, and then our rent would increase by $60/mo due to "Pet Rent". I don't know what the monthly expenses for owning a dog are but even if I assume a monthly expense of $100 for food, toys, pet insurance, etc. The annual cost of this dog would be at least $1920, and that says nothing to any "Doggy Day Care" or "Dog walker" fees, which can run up to $100 per day in our area. I feel trapped. Even though we are in a solid position right now, I feel like it is all about to disappear overnight and we will be poor before we are 30. How do you stay positive / motivated while working to save aggressively? How do you stay optimistic / calm when the numbers are flashing red? How do you justify "leisure" expenses with large "fixed / required" expenses on the horizon? How would you sleep at night with $400k+ of debt attached to your name? What do you do when your pending financial obligations are stressing you out? Am I over reacting? Is my disdain for debt unreasonable? Any advice or input would be greatly appreciated. Thank you. [link] [comments]  |
| Posted: 21 Mar 2019 04:45 PM PDT My disabled sister has been living with crippling student debt for over 20 years, which has just been aggregating exponentially over time. From what I understand, it went to collections and then to a garnishment phase where the DOE is taking any pittance of income she gets. So I'm wondering - if I was to start transferring money into her account on a monthly basis, would that get garnished? How does this work? What is the reach of the government for federal student loans? [link] [comments]  |
| Posted: 21 Mar 2019 08:11 PM PDT I learned this saying from gun enthusiasts. The idea to the best of my understanding is, if you buy it right, and buy the thing you want, it's going to be cheaper in the long run. It will (in theory) be higher quality, break less, and you won't get the itch to replace it like you would if you bought a cheaper version. So it sucks to pony up the extra cash in the beginning, but you only cry once on the initial purchase- versus crying multiple times from headache a cheap gun causes you, losing money on the cheap gun as you sell to get better quality, etc. I have experienced this as it relates to guns, and it has now guided me to buying exactly what I want with a two pair of boots, as well as buying a used Lexus because that's what I really wanted (and it fit my budget... didn't break $9k...). I gotta say, I am liking the philosophy. I'm realizing I like owning some nice things and see that the higher quality could potentially be cheaper in the long run. Do you agree? Why? Do you disagree? Why? If you agree, what other areas of spending are buy once, cry once catagories? [link] [comments]  |
| HELP! Buy a used car in cash or continue to lease? Posted: 21 Mar 2019 10:39 AM PDT My best friend of 13 years is a car salesman, I currently have a lease (through his dealership). Lease ends in June 2019. Here's the dilemma, he's INSISTING that I continue my lease as it is the most cost-effective option for me. I feel like I disagree. My financial status: I'm 27 years old, married (my wife and I just bought a house 6 months ago, have my master's degree which resulted in $100,000 of student loans. I make $50k annually, my wife makes $48,500 annually. Personally, I think I'm in no position to continue paying for a vehicle that I'll have no equity in in the end. I just can't justify driving a brand new car with $100k in loans. I would like to buy a used (but reliable) car for around $7-$8k in cash and bank on all of those $300 monthly payments I was previously making. All of my additional income (apart from bills) will be going toward my student loan to pay off. I am trying to have it paid off within 5 years at max, preferably 3. Do you have any advice? I'd appreciate any input. Thanks guys. Note – I listen to Dave Ramsey very frequently and he's a large part of the reason of my financial goals. [link] [comments]  |
| Recent College Grad Looking for Financial/Investing Advice Posted: 21 Mar 2019 07:57 PM PDT I have recently graduated from college (21 years old) with a bachelors in business, and started my first full time job. I enrolled in my employers 401k and have been putting money into a Roth IRA (even during college). I am also an avid saver and try to save 20% of all my after tax income, be it from side hustles, salary, gift money etc. As to debt, I do have student loans to repay, but that is currently all the debt I owe. I do own a credit card but always pay off the outstanding balance and my car is completely paid off. My main concern is that I feel like I have too much cash setting in a savings account making very little in interest, so should I take 10% of my after tax take home pay and invest in a taxable account with index funds? Or should I go the other route and work on maxing out my 401k and Roth IRA. If I go with the latter of the two, I will likely not be able to max out either account just increase contributions. Adding to the retirement account will seize up the money in case of emergencies or big purchases. The markets have always interested me and I would take the dollar-cost averaging approach with that account. Regular purchases, one or two times a month (likely 10% of my paycheck) would be my schedule for buying into the funds with a portfolio of low-cost index funds tracking the markets. Experts, let me know your thoughts and opinions! [link] [comments]  |
| W2 in my name for money I didn't make was filed by my employer AND I already filed my taxes. Posted: 21 Mar 2019 07:47 PM PDT I wasn't sure how to title this but its a mess and I have no idea what to do. Long and short of it, I work for a family business owned by my father and I have my own. Mine is doing quite well, my fathers not so much, and its in the same field. For the last few years he wasn't able to pay me regularly, BUT he cut the checks as if I was, and I had to pay the tax on money I didn't make. Since 2013 this had added up to about 50k in taxes I payed I didn't actually get paid on. Most of which in the last two years. Being I felt some of those years I was overpaid I was willing to suck it up anyways. Now my father isn't trying to take advantage of me, but hes a really shitty business man who is good at what he does but bad at money. He's always been that way. So its my dad, I want to help him. In 2016 I told him only cut a check when I'm getting actually paid. He messed that one up a few times. Then in 2017 I said just stop paying me all together. I worked since December 2017 for free. He was always promising to make up for the screw ups in 2017 (cost me a boatload) and I know he meant it but 2018 wasn't any better than 2017. So I get a call from his yesterday about my W2 and working things out, this is bad, it means he screwed up again. Oh and I already filed my taxes, just to make things fun. So I stop by his business tonight to pick up this W2 and I was paid 71k for 2018. I never saw any of it. It has 12k in Fed withholdings, which covers just less than half my my real tax burden on it is, basically I'd owe about 16k more. Oh shit.... I called my father and basically said WTF, he thought he paid me something in 2018 (he's quite old) and I told him no, those were 2017 checks that I couldn't even cash due to age of the check. So he suggested I file an amended return and I blew my stack a bit and told him thats still going to be paying more and even if he covers my taxes I was suppose to get a 27k refund this year and this could bump up my tax bracket etc etc. So he said he would call his accountant tomorrow. Now again just so people get it, he's not trying to screw me, its not his character, he's just kinda dumb with money and I was too trusting of him doing what I said to do. He's always sure it will get better. But what the hell do I do now? I basically under reported my income by 71k. I don't want to screw my father unless thats the only option but I really can't take this hit right now. [link] [comments]  |
| Dying father-in-law offered to give us his house. Posted: 21 Mar 2019 04:58 PM PDT Father in law has late stages of lung cancer and offered us to take over his mortgage. We know nothing about home owning hence this post. House is worth $213,300 he owes around 40k so it seems dumb to turn this down. But how do we go about the transfer? We weren't expecting this and we only learned about him being this sick a few weeks ago. We gross 80k combined, net about 4,200 a month. We live in NJ also. I'm thinking the monthly cost is at most $1200, $778 is his current monthly mortgage payment plus property taxes and homeowners insurance. We have limited details at the moment but are trying to figure out if this is even feasible. My sister was a real estate agent briefly and told us that we should get a new mortgage for the remaining balance of the house. We rent currently and our rent is $1200/mo in a more expensive town. [link] [comments]  |
| Posted: 21 Mar 2019 11:14 AM PDT Not sure exactly how many details are needed for a solid answer, but I figure too much is better than not enough? I was hired in at $14/hour USD. At the one year mark got my raise to $15.00/hour. This new posting is listed at $22 to $25 'depending on experience' on a recurting agency site. I'm due for a review in the next month or two. Since my last review I have a few more internal certifications as well. As a secondary series of questions, how do these agencies work? Do they get a cut of the salary? Does the company pay them till the 'contract' time is up or the hire the person on all the way? If the company won't match it, should I be applying for the job through the agency? [link] [comments]  |
| Is there any way to save money on gas? Posted: 21 Mar 2019 07:29 PM PDT basically I'm going over my budget and trying to cut spending wherever possible [link] [comments]  |
| Stay at home father to high needs child, income/finance advice. Posted: 21 Mar 2019 07:11 AM PDT I am a 41 year old stay at home father to a son (K, 6yo) and daughter (C, 4yo). My son is significantly impaired by autism; and the side effects of a 3 year chemotherapy regimen, that ended almost 2 years ago. K will require lifelong care. He is semi independent (at the 6 yo level), but needs help with toileting, bathing and eating, and cannot really communicate outside of those familiar with his speech. He also will have lifelong medical follow ups/side effects from the chemo, and must attend 3 hour evening sessions of ABA therapy 3+ days a week. Wife agrees that my returning to the fulltime workforce is pretty much impossible. Her career pays very well (this is not an "emergency! help me now!" type of post) and she loves it and loves me being at home with the kids and handling the legwork of taking care of them. My concern is more long term. We are currently in the green by a somewhat slim margin. I am trying to keep down some expenses (and we already have an idea of what we can cut in case of dire straits), but as my neurotypical daughter gets older, her costs and needs will only go up, just yesterday she asked to start taking swim lessons. Then there is dental stuff, future school stuff, etc. etc. Not to mention that no one really has an answer for my son long term (no society has ever really answered what you do with a person who can't work, and has the mind of a child, after their parents are gone.) I am not even sure what I am asking, maybe forms of income (unlikely I know), or long term options for son? I apologize if rambling (or if this is the wrong sub) but I would like to hear if anyone else has experiences like this, and any advice they have to offer. To clarify a few points: my son is about 2 yo mentally (and is not likely to improve much) son has unplanned costs fairly often (he needs a new floor in his room due to urine accidents, he hurts himself occasionally, breaks objects, swallows/consumes things occasionally despite our best efforts) My wife fully contributes to her retirement fund My son receives medicare benefits for cancer and autism related needs We are well above the limit for Federal SSI benefits for a child Thaks for reading [link] [comments]  |
| Debt and Wisdom Teeth and more Debt Posted: 21 Mar 2019 05:14 PM PDT I am in 6k credit card debt, because I needed a new computer for school, a phone, etc. my wisdom tooth surgery cost me $670 today but I can get a grant from the school for $700 to cover it. I make 12k a year, more so during the summer, and I can take out addition unsubsidized student loans to cover costs of things like summer school etc. private loans are a last option to float some cash for emergencies but I don't even want to go that route. What's the easiest way to pay off the 6k? Also; if you wanted to know, I literally don't remember getting my wisdom teeth out lol. Thanks guys!! I have three American Express cards with, one of these is with no limit, $2,000 and $2,000. I have one chase freedom card with $2,000. and one discover card with $1,500 (I haven't used this card at all). The other account is with care credit but I literally need a few weeks to apply for the grant and get the itemized receipt and voila. EDIT: I don't see any of my debt as bad and it's not incredibly stressful, one of the AMEX cards has no interest until December, it has the highest balance, and the chase freedom has no interest until April of next year. [link] [comments]  |
| Do banks allow multiple checking/savings accounts in US? Posted: 21 Mar 2019 08:37 PM PDT We just moved to the States (my wife is Texan) from Norway, and I am trying to figure out which bank to use over here (for checking/savings, primarily). One thing I have a hard time finding out, is if banks allow me to create numerous bank accounts at my own convenience? I did this in Norway, and like having a setup of: Personal checking and savings for myself and wife + joint savings + joint fixed expenses + joint variable expenses + car maintenance account, and possible a couple more. Is this OK with most US banks? I'm looking at using Discover Bank, but open to suggestions here. [link] [comments]  |
| Index funds - is there a right time to buy in? Posted: 21 Mar 2019 08:26 PM PDT Alright so aside from December 2018, is there a right time to buy into index funds? I'm wanting to drop about 10k into large, mid, small cap funds, using a moderate aggressive model. [link] [comments]  |
| What should I invest my daughter’s money in? Posted: 21 Mar 2019 08:24 PM PDT My daughter is 9 years old and I'd like to teach her to invest her money early so she can retire at a decent age. She's onboard with it and has agreed to contribute $10 a month for now. She currently has $60. I'd prefer to start her money out in a mutual fund but all that I've seen is a high cost of entry for something like that. Any recommendations what I should put it in to obtain a decent percentage of return? [link] [comments]  |
| Might have accidentally signed up for a credit card? Posted: 21 Mar 2019 04:38 PM PDT I was walking through school today and went past some BMO stand. A guy went up to me and started talking about how I can win a student prize etc etc. It felt like a high pressure sales thing and I ended putting my name and address on the form they gave me, I left the phone number part blank though. They started talking about cash backs and what not, that when I realized I might have screwed up. Can they sign-me up for a credit card even though I just gave them my name and address?What do I need to do in order to cancel whatever they might be doing with my info? Im in Canada if that matters. [link] [comments]  |
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