Personal Finance How should I split up my apple? |
- How should I split up my apple?
- If I’m a college student with no credit, would it be smart to get a credit card to build credit and only use it for my $5/month Spotify subscription?
- AMEX reduces my credit limit from $11k to $7500 because I rarely used my card- what impact will this have on my credit score?
- My Girlfriend Received A Collections Letter for a Card She Doesn't Remember Having
- Inheriting $60,000. Should pay off all debts, or invest/save?
- My credit score just jumped 60 points
- Am I being lowkey robbed by my employer?
- Mortgage from parents
- Left a job during tax season, still haven't received my W2. No one can give me an answer, and taxes are due tomorrow.
- Looking for credit card to pair with Citi Double Cash.
- My Tax guy made a mistake and I need some advice.
- Close Friend going to jail, I want to set-up an account of money for him when he gets out. What's the best option?
- Question re: checking for any fraud
- Thieves stole Debit Card & PIN then used it at official Chase ATM with cameras; Will Fraud Protection reverse charges? Can I get footage from a bank?
- Become landlords or get while the getting is good?
- Best credit card choices for a student trying to get his first card with no credit?
- Ally Bank eCheck Deposit
- Is it smart to pay off all my college debt in six months to avoid interest?
- Mom got hold of a check I mobile deposited, what can she do?
- Is it worth it to contribute 8% of my 51k paycheck to a 401k with a 3% match starting second year of employment when I owe ~85k in loans for school at 5.5% apr?
- Bad credit, second chance banking question
- I have a question about my 2017 taxes (CA, USA), TurboTax says I'm below the minimum filing requirements
- Midland Funding and a law office. Won't take my money or return my calls?
- Contributed 500 USD to FSA in 2016 (and stopped there after). Did I lose that money now in 2019?
| How should I split up my apple? Posted: 14 Apr 2019 07:54 AM PDT Long time ago (2000-2009ish) I invested in AAPL. Over that period of 9 years, that investment totaled to about $140K. Now it's worth about $560K (depending on the day) and I'd really like to put it into something more diversified (like an index fund). How should I do this?
I could sell it all at once and then put it into another investment (e.g. an index fund) but I'm leery of the tax implications. Honestly the reason why this happened is because I'm a set it/forget it kind of guy. I rarely look at my investments once a year. Every year I tell myself this is the year that I diversify but then I finish my tax return and go my merry way. [link] [comments]  |
| Posted: 14 Apr 2019 01:41 PM PDT |
| Posted: 14 Apr 2019 06:20 PM PDT My other 2 cards are used more often and have a total limit in excess of $25k, but I was surprised to receive the note from Amex- I made sure to use it on a few purchases throughout the year. Any thoughts or experiences to share? [link] [comments]  |
| My Girlfriend Received A Collections Letter for a Card She Doesn't Remember Having Posted: 14 Apr 2019 08:44 AM PDT Title. She received a standard collections letter from a company. However, she doesn't recall having the card and further they spelled her first name wrong and used her maiden name which she hasn't used since 2010. We looked up the company and they appear to be legit and registered to do collections but we're hesitant to do anything. She recently cleaned up some other debts she had and meticulously checks her credit score and marks against her. This debt has never been reported which seems odd since it would be AT LEAST 9 years old due to it being under her maiden name. Just like any collections letter it lists the creditor, original creditor and gives 30 days to dispute it via letter or call to discuss. Is this a phishing attempt? Flat out scam? What is the best way to proceed? [link] [comments]  |
| Inheriting $60,000. Should pay off all debts, or invest/save? Posted: 14 Apr 2019 04:06 PM PDT Hi all- I'm not very good at finances, so any tips are appreciated. Long story short, I'm inheriting $60,000 at the end of the month. I'm 26 years old and I have student loans, a car payment, and 2 maxed out credit cards as a result of taking a risk and moving across the country to work freelance. My question is, do I pay off all of my debts and save what's left? Or should I only pay off a partial amount and make an investment? My debts are the following: Student Loans: $21,000 Car Payment: $18,500 Credit Card A: $10,000 Credit Card B: $3,000 If I pay off all of those, that leaves about $7,500. I'm planning to give $5,000 to my mom, so that leaves $2,500. Right now I have zero savings, I'd like to have a small emergency fund. I have an IRA with about $10,000 in it. Haven't contributed to it in 2 years, and would like to add something now. Lastly, I don't have any experience with investing, but I'm wondering if that would be a good option here? Again, any advice on what to do helps. Thank you! [link] [comments]  |
| My credit score just jumped 60 points Posted: 14 Apr 2019 01:52 PM PDT The last rung on the ladder to getting my debt and finances under control has been consolidation of my student loans. I've been putting it off because the whole thing made my skin crawl but getting a notification of my credit score going up and looking at my updated credit report feels amazing. I'd like to remind anyone putting it off that there is light at the end of the tunnel. Live long and prosper. [link] [comments]  |
| Am I being lowkey robbed by my employer? Posted: 14 Apr 2019 10:06 AM PDT So I'm in a little bit of a situation. Family run car dealership in Ontario. Some employees have caught them doing some shady things with numbers and I just don't know. My employment agreement states I will receive a salary of $36k. $3,000/month and I get paid on the "1st" and the 15th. "1st" because it's usually the 3rd or 4th of the month before we get our cheques, physical cheques. On the 15th I take home 1204 after tax. If I dont hit my draw then I receive what should be the remainder of my $3k. I get $780. At one point it was $860. Its rarely the same amount but I feel like there's too big of a discrepancy and according to a tax calculator I should be bringing home $1122 biweekly. [link] [comments]  |
| Posted: 14 Apr 2019 01:21 PM PDT My parents have offered us a loan and act as our mortgage lender. We're looking at houses roughly between 300-400k. I'm aware that we have to file with the irs. The reason we want to do this is because we would like to buy a house and in a competitive housing market a cash buyer looks better plus my parents won't charge pmi. We've settled on an interest rate of 4%. (I wanted to be somewhat fair) My husband and I have a healthy relationship with my parents and have done other financial deals before successfully with no problems (albeit never this big). We also anticipate making at minimum 300k combined after 2 years so it's just a matter of timing at this point. Besides irs reporting and relationship issues, am I forgetting anything? [link] [comments]  |
| Posted: 14 Apr 2019 01:20 PM PDT TL:DR at the bottom. I worked at a grocery store for a little over six months as an in-between job, and since I started in 2018 they should have sent me a W2. When I left, I was assured I would have online access and that it would be mailed to me when the online access was revoked. I checked my online work profile, and I did not have access. I called and told them and they said they would fix it several times, but never did. I only had online access for a week. A little more than a month passes with me contacting them several more times. They told me they mailed it and I would just have to wait. But tomorrow, taxes are due and I still don't have that W2. I really hope it comes in the mail tomorrow, but just in case I already called and asked what time the ONLY person who can help me get this info will be in tomorrow morning and I plan to be there 5min after. Is there anything I can do if I can't get this info by tomorrow? It's the last thing I need to complete my taxes. I have one other W2, some stuff about my student loans, and proof of insurance. Is there any way I can file around this to avoid being late? Any advice would help! TL :DR last job didn't give me my W2 even though I have asked for it repeatedly. They told me it was in the mail and would not resend it. It's the last thing I need to file and taxes are due tomorrow. What can I do about this? [link] [comments]  |
| Looking for credit card to pair with Citi Double Cash. Posted: 14 Apr 2019 05:43 PM PDT I currently use my Citi Double Cash for 2% cash back on all purchases (1% when I buy and 1% when I pay my balance). It is the only card that I currently use for my personal spending. I travel often for work (within the USA, occasionally by flying, but mostly in a company vehicle and all airfare, gas, hotels, and food is paid with a company card). I do have a separate card with TD Bank; however, it is never used and mostly just kept as a backup. Should I continue to primarily use the Citi Double Cash for everything, or should I pair it with another card with rotating 5% categories or travel points to maximize the benefits? For reference, for my personal travel, I don't fly with a single airline or stay with a single hotel group enough to justify getting a card dedicated to a single airline/hotel. I have excellent credit, so credit score limitations shouldn't be an issue. I also don't mind paying an annual fee if the rewards warrant doing so. I appreciate any feedback—Thanks! EDIT: Thanks for the feedback so far. As requested, here's a bit more about my personal situation and spending: I'm in my late 20's, single, and have no kids. Restaurants are probably my single highest routine spending category (not super fancy places, usually, but I do eat out frequently), even higher than groceries since I basically live at company properties around the country (in between business trips) and haven't paid rent in over a year. For personal travel, I try to take one "big" trip per year, and while Sky Lounge access would be a cool perk, it certainly isn't necessary for me. TSA pre or Global Entry would be well worth it, though. [link] [comments]  |
| My Tax guy made a mistake and I need some advice. Posted: 14 Apr 2019 09:55 AM PDT hi. I did my Tax at the same guy I go to for taxes each year for past 8 years. I am a single person with no dependents. After he filed my taxes and told me what I am getting back in taxes this year (said it will go to my checking account he has on file), he emailed me after wards and told me that he made a mistake. He forgot to add/claim the money from the shares/stocks I sold earlier last year. He said I have to come back again and that he needs to re-file my taxes. I offered to come back to the tax guy right away, and he said, no I have to wait. Told me to come back after April 20, which I won't be able to. To his credit I should add, if he didn't tell me, I wouldn't have known, and he hasn't made any mistakes in the previous years. The problem: 1. I am leaving early morning tomorrow out of the country and won't be back until middle of August. I know I goofed up for waiting until last minute to file my taxes, but in my defense I still did it before the filing deadline of Apr 15. I have a busy professional life. 2. Before going in to see him, I had decided that this would be the last time I would be using this tax person. Also my personal circumstances are going to be soon changing. 1. How bad is this situation? Will I get in trouble? 2. Can this problem be addressed on next years taxes? Edit: P.S: I already emailed back my 1099 tax page from e-Trade account to my tax guy. [link] [comments]  |
| Posted: 14 Apr 2019 07:57 PM PDT One of my friends in my close circle is going to jail and the rest of my friends in the circle want to contribute to a joint account for our friend to be able to use when he comes out. The sentence is about 5 years and we want to be able to continuously add money to the account overtime. We want the money to be racking up interest over time, but we also want to beat inflation(~3%). Any tips will be appreciated. Thanks [link] [comments]  |
| Question re: checking for any fraud Posted: 14 Apr 2019 07:59 AM PDT I pull my credit reports annually to make sure everything looks good and consistently check my bank accounts and other accounts I have opened. However, I'm wondering if there is anything else I should be looking at to do my due diligence and make sure there is nothing weird opened in my name (ex. retirement accounts, insurance accounts, etc.). Any suggestions? [link] [comments]  |
| Posted: 14 Apr 2019 03:27 PM PDT Recently was at a store when someone asked if I could buy them something(long story), their friend was eyeballing my pin entry and picked my pockets then went to an official Chase Branch with ATM to withdraw 1 thousand dollars. I couldn't cancel the card fast enough and going through the claims process. It seems banks are suspicious but in my case, they should be able to get video footage of a female(I'm male) who is clearly not me doing the withdrawal. Most ATM fraud stories I'm reading seem to involve some random ATM without cameras so I was curious if it's much more likely my fraud claim will more likely be valid? EDIT: anybody with actual CHASE related experiences or similar at a major banks? I kinda get the impression it's hit or miss on getting refunded. Whats the exact process after you contact fraud and receive the packet in the mail? [link] [comments]  |
| Become landlords or get while the getting is good? Posted: 14 Apr 2019 01:04 PM PDT Hi and thank you for reading. My family and I are going to be making a big (for us) decision soon and in spite of hours spent talking to friends and family and reading countless articles on the internet, I don't know what to do. Maybe a reddit stranger can solve all my problems... My wife and I live with our two very young children in a city. Our neighborhood is improving rapidly (call it what you want). We bought about 5 years ago and our home value has increased by what seems like a lot. I believe if we sold now we'd walk away with at least $100k. The median home price here is somewhere between $150-200k so its a nice chunk of change for us. We're not wealthy, we both work and work hard to save for our family. Although our neighborhood has gotten a lot nicer, we have come to the decision that for schools and quality of life we will move to the suburbs. A LOT of discussion and argument and honestly tears went into that decision. For better or worse, we will be moving to the burbs. We are left with the decision of whether to sell our current home or rent it out. We have money saved for a down payment so it is not totally necessary that we sell our house. I have spoken to property managers and am confident that we can rent the house out for a good bit more than our mortgage. We're fortunate to have bought in a 'hot' area before it got hot. I don't know what to do. We're currently shopping for homes in an area that you'd definitely call a sellers market. We can make it work with our current down payment but obviously adding $100k from the sale our our current home would make things easier. Here's the thing, I don't want to sell the current home. I think it will be valuable as a rental property and honestly I think if we sell it now, in 5 or 10 years we'll look back and say "why the hell didn't we hang on to that place". Maybe I'm completely wrong. Maybe I'm being greedy and we should cash out of this house while we can. My instinct says keep it but what is my instinct worth? Neighborhoods change. Areas that were nice in this city are turning to crap while rougher areas are getting pretty nice. What's to say things won't swing back that other way. I keep reading how millennials want to live in cities but who says that's not some stupid fad that will explode in a couple years? So that's it. We can sell our house now, make a good chunk of change and have an easier time finding a new home, or we can keep it, have rental income and potentially own property in a sought after area for years to come. If you've made it this far, thanks for reading, excuse my naivety and stupidity and let me know what you think. THANKS. [link] [comments]  |
| Best credit card choices for a student trying to get his first card with no credit? Posted: 14 Apr 2019 06:57 PM PDT Im currently in school and trying to start building credit now as im a junior and inching closer to graduation. I am a little lost as to where to start here and who will even approve me as I haven't had a card before. Thanks in advance! [link] [comments]  |
| Posted: 14 Apr 2019 05:19 PM PDT I recently opened an account with Ally Bank. My parents are kind of old fashioned, and as a gift, they gave me cash, and I was wondering what is the best way to deposit this into the account? A friend suggested a postal money order, but I cannot find a definitive answer about if this is accepted through the echeck deposit. Suggestions? [link] [comments]  |
| Is it smart to pay off all my college debt in six months to avoid interest? Posted: 14 Apr 2019 03:40 PM PDT So I'm graduating in a couple of weeks. I'll have about 11k in loans. The loans are the federal subsidized loans and haven't accumulated interest and won't for six months (grace period). I start working in mid-July. I currently work at my university but won't be allowed to work after graduation. Most of my money right now will be going towards car maintenance and security deposits for my apartment. I'm basically not getting paid till the end of July. If I did my math correctly I will be making about $4000ish a month after taxes (not including insurance, 401k etc because I don't know how that works and how much gets pulled from my paycheck yet). About 1000-1200 will go towards rent and such bills. I pay my family's phone bill in exchange for not making car payments (about $300 [we don't use wifi and only use our hotspot]). I was essentially planning on using one of my paychecks each month to pay off my loans. I also have some credit card loans (helped out the family because of some emergencies) but those I've been pretty good about paying off and my parents will be giving me some of their tax returns to pay me back on that. I've heard it's important to build an emergency savings. I feel like if I focus solely on paying off my loans I will have little left to put in savings and will be tight on money for a few months till I get everything paid off. My question is, is this worth it? Or should I instead focus on building a savings and paying off the loans? If so how much is a good amount to put in savings each month while also paying off as much of my loans as possible? Thanks in advance for the replies and advice. Edit: Thank you everyone for the replies and advice. This has helped reduce some of the personal finance anxiety I was starting to get. All this information has been really helpful and has helped me figure out what I will be doing financially once I start working again. [link] [comments]  |
| Mom got hold of a check I mobile deposited, what can she do? Posted: 14 Apr 2019 06:22 PM PDT So to make more sense of this, I am under the age of 18 but I have a bank account with my mom as a cosigner. Also my parents are divorced so when I mention them they don't control each other. I recently won a local competition and the prize was $500. My mom was still at work so when I went home I mobile deposited the check. This was yesterday, Saturday, so the check won't clear until monday, tomorrow. However today when my mom got home I showed her the check and she said I wasn't supposed to deposit it myself, as it was "college money." The check itself is in my name and has no mention of specific use anywhere. She takes the check for reasons unknown to me. My question is what can she do with this physical check. Can she cancel the deposit and deposit it into her own account? I only ask this as my mother has taken money from previous bank accounts and don't want a sum as large as this to go to her. And another note for those worried is that my dad and grandfather contribute to a college fund in my name every month, and it's a stock and bond based account. Thanks! [link] [comments]  |
| Posted: 14 Apr 2019 06:04 PM PDT Or should I pay off the loans first and then start contributing for retirement? [link] [comments]  |
| Bad credit, second chance banking question Posted: 14 Apr 2019 03:08 PM PDT I have a terrible banking history. Several times I opened up bank accounts and still owe money for a lot of them. I'm about to start a new job in a couple of days and I need direct deposit and would like to start fresh, however due to my credit I am being instantly declined by every online bank I come across. I know of a couple 2nd chance banking opportunities but they require initial deposits of 25. Can I open an account and pay the initial deposit later? I don't have $25 right now and need a direct deposit (routing/account #) as soon as possible for my employer. [link] [comments]  |
| Posted: 14 Apr 2019 08:03 PM PDT So basically, my dad passed away in 2017 and given I was a student going to school full time in university and working quite a lot, I just about fell apart. I'm filing my taxes quite late obviously. It seems I got a large education credit on my taxes for being a student and according to TurboTax I don't owe. It is saying I'm below the minimum filing requirement for 2017. Does this mean I don't even need to send in my return by mail or should I still do this? I don't want to get into any trouble with the IRS down the line. [link] [comments]  |
| Midland Funding and a law office. Won't take my money or return my calls? Posted: 14 Apr 2019 01:56 PM PDT Skip to the second paragraph if you don't want the back story. 5 or so years ago, I let a Best Buy card default like a moron. Fast forward to July of 2015, some lady knocks on my door and serves me. Something about a judgement and lawyers, again, like a moron, didn't pay too much attention. Court date came and went, and I got a judgement against me. Fast forward to November of 2015, I was contact by a law office, and I set up monthly payments, but I had to call in and tell them to make the payment, it couldn't be done automatically. This lasted a few months, I called in once and they didn't answer or call me back, I got distracted, and now here we are, about 3 years later. Midland Funding LLC shows up on my credit report as "in collections" for ~$1,500. A few months ago, I tried calling them, and they redirected me back to the lawyers office. I called, I left a message. I called again. I left a message. Nobody ever called me back. I just now went to midlandfunding.com, entered in my details, and got "Your SSN or Date of Birth doesn't look right. Have you typed it correctly?". Yes it was correct. Looking for any advice here on what to do? This is absolutely killing my credit. I know I deserve it for making stupid mistakes, but at this point I'm trying to get it off my report and it's quite frustrating. I know people have talked about sending the debt validation form, but I couldn't quite tell if since it's past a judgement in court if that would matter. SOL runs out I assume in 2022, should I just ignore it and wait it out? [link] [comments]  |
| Contributed 500 USD to FSA in 2016 (and stopped there after). Did I lose that money now in 2019? Posted: 14 Apr 2019 02:41 PM PDT Like the title says. I contributed to my employer provided FSA in 2016 (around 500 USD I believe) as that was the maximum carry over that was allowed. My understanding was this amount will always be available to me (forever). Sometime in 2017, I changed my election to not contribute to FSA anymore as I did not have any medical costs. Now in 2019 I am trying to figure out where this 500 USD and can't for the life of god figure out where it is. My HSA account provider (who I believe is also my FSA account provider) has no mention of this money. Is the 500 USD gone given that I haven't used this money in 2016 and 2017? Or am I supposed to have this somewhere? [link] [comments]  |
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