Personal Finance Gave a two month notice I was leaving my company, was told it was unprofessional. Advice? |
- Gave a two month notice I was leaving my company, was told it was unprofessional. Advice?
- Should I put in two weeks notice day before boss goes on vacation?
- Am I living paycheck to paycheck, if I’m still saving 10-20% of my net income for retirement?
- I don't plan on living past 60 or so. What should I do for retirement savings and plans?
- Wife hit with six figure medical bill after procedure was supposed to be covered by insurance...
- Credit card scam involving FedEx and their lack of consumer protections.
- In today's environment, short term means HYSA
- $30000+ credit card debt
- Dying father, crippling debt
- 3 years ago I was struggling with over £20,000 debt to credit cards, loans and finance agreements. Today I’m debt free here’s what I learnt.
- Do I take my dad's offer to buy the house?
- How would you invest $70k USD now? (US)
- When is the best time to meet with a realtor? Before or after you have your 20% downpayment? We expect to have it available by September, and our lease ends in November. When should we start looking for a house?
- Help to get out of debt
- Indecisive: leasing, buying used, or financing new?
- Setting up 401k and have zero clue
- I need help with my parents
- How Impartial Is a Home Appraiser
- I need to book several flights between Boston Logan and Orlando Florida up to 5 times per year. Best way to save money?
- Should I apply for a credit card?
- My credit score seemingly dropped over something that did not occur.
- Tomorrow, I’m losing my job.
- [23yo] Just started Full Time in Municipal Government (TX, Pension involved) and was wondering what retirement accounts to start (As I hear starting early is good)
| Gave a two month notice I was leaving my company, was told it was unprofessional. Advice? Posted: 13 Jun 2019 06:45 AM PDT
This was my whole letter. I was told it was unprofessional by his assistant and that I should have called my boss to talk to him about leaving before submitting a formal notice so he knew why and what my plans are. My mother works in the same company and she was contacted before me by the assistant to see what my plans are and why I want to quit. (I'm in my mid 20s living on the other side of the country as her and we talk sparsely, there's no precedent for her being questioned in my mind.) I was told he'd be contacting me soon, I gave up trying to contact him because he never responds. I sent this late last month and I haven't heard anything from him whatsoever. My new job is giving me a sign on bonus and doubling my annual salary so there's no chance I will be staying here at all. I want to know what you guys think and if there's something I should do that I may not know to do. Thanks. EDIT: - role, not roll. I goofed. - I didn't actually use my reddit name in this letter - I work in a high specialty field in a high position. They won't be able to hire someone off the street, thus the reason for the long notice. - Boss was not contacted before hand because he has not responded to me for over a month prior. Weeks-months at a time without response before that. - Boss lives and works >500 miles away. Phone/email are the only ways to readily contact him. - redacted info to be more anonymous [link] [comments]  |
| Should I put in two weeks notice day before boss goes on vacation? Posted: 13 Jun 2019 02:17 AM PDT I just got a job offer that wants me to start in about two weeks. Today is my boss last day in the office. He will be out Friday, Monday, and Tuesday. Would it be a bad move to tell my boss that I'm leaving today? Instead, should I try to get the new company to move my start date back a week? Edit: I want to clarify that I'm asking if I should tell him today that I will leave in 2 weeks. I don't intend to leave today Edit2: I work for a really good company as a data scientist. It's not a job that needs to be scheduled around or filled the day I leave. The company does not ask people to leave the day that they put their notice in Update: I told him today. I prefaced it with "I'm sorry for the timing of this with your upcoming vacation and all but...". Thanks for the input [link] [comments]  |
| Am I living paycheck to paycheck, if I’m still saving 10-20% of my net income for retirement? Posted: 13 Jun 2019 05:19 AM PDT So I know this phrase is typically used when people aren't saving for retirement, but the remaining of my net income goes to daily living expenses with a minimal amount being spent on my "wants." I can't help but feel like I'm working just for that next paycheck. The only thing I am lacking is a strong emergency fund, but that is slowly building. [link] [comments]  |
| I don't plan on living past 60 or so. What should I do for retirement savings and plans? Posted: 13 Jun 2019 03:24 PM PDT I don't plan on being alive past age 60, I would say. I have a genetic condition that will worsen over time. The last years will be severe pain, low mobility. Honestly even now I'm at moderate pain and medium mobility. I make about 80k a year, Denver area. Early career, I'm about a year in after finishing all school. I'm 25. 36k in student debt (started with 56k when I first started working, was also living in a lower cost area). I anticipate making around 90k within a couple years, maybe even 100k. It's the way my job is structured. Where and how should I save for my late life stages? I may need access to those funds for medical care. I genuinely have no intention of being alive past 60. This condition is not curable, and it will not improve. I'm not here to argue with "you never know you might improve!" Because it is literally physically impossible. I like the idea of "retiring" at 50 or 55 while pain is still tolerable and I can move around. What kind of account/fund would allow me access before the typical retirement ages? [link] [comments]  |
| Wife hit with six figure medical bill after procedure was supposed to be covered by insurance... Posted: 13 Jun 2019 12:41 PM PDT My wife has a debilitating case of a condition called endometriosis and back in Feburary she had a surgery which we didn't think would be possible because the specialist was out of network and we'd have to pay out of pocket. We have insurance through my wife's company and knowing her issues and whatnot we've always gotten what amounts to the "Platinum coverage". The doctor's office helped my wife fill out the appropriate forms to try to get part or all of the procedure covered by our policy. To our relief the office told us insurance agreed to cover the procedure. Fast forward to today and my wife received a call about an outstanding balance on her surgery to the tune of $200+K. Naturally she and I are both panicked. She called the insurance company and they claim to have no record of an "Out-of-Network" exception. The Doctor's office referred her to a billing service. My wife is at work (barely functioning) right now so I'm not sure if there is any documentation I can pull but where should we go from here. Insurance mentioned filing an appeal, would that be worth it or unlikely. Is it possible the doctor's office lied about insurance covering the procedure. Not sure what paperwork we have to support any of this but I wanted to come here for some sound advice on how to proceed. [link] [comments]  |
| Credit card scam involving FedEx and their lack of consumer protections. Posted: 13 Jun 2019 08:35 AM PDT TLDR; Credit Card info was stolen and $999 item was purchased and shipped to my address. The thief then set-up a FedEx delivery manager account and rerouted the package to a different (maybe theirs?) address. About a week ago, I received a notice from Chase about a $999 charge to my credit card for a Chief Steam Cleaner (that I definitely did not order). After reporting it as fraudulent, they removed it from my transactions. Yesterday, I received a call from Chase stating that they had reviewed the paperwork with the company the product was purchased from and I would be liable since it was shipped to me. I had the burden to prove I didn't receive the product. Thankfully, the Case manager gave me the FedEx tracking number. After looking up the tracking, it didn't show an address, just my city. I was very bewildered because I never received a product. And when I got home I found a mailer from FedEx thanking me for signing up for their "Delivery Manager" program. After 3 hours on the phone with FedEx, I came away armed with new information. 1. The scammer had rerouted the package to a different address after it was shipped by creating a fraudulent Delivery Manager Account (this was key because it make it look legit to the bank, as well as the vendor). 2. FedEx would not give me the proof of delivery with that address because I could not prove ownership of the fraudulent account and "privacy" concerns... 3. ANYONE CAN SET UP A DELIVERY MANAGER ACCOUNT FOR ANY ADDRESS WITHOUT PROOF OF IDENTITY (just email approval). In the end, I called the company the steam cleaner was purchased from and the owner Kevin (shout out to my hero) was able to dig into the transaction using his shipper ID and get the proof of delivery (showing a different address) so I could provide it to Chase and get off the hook for $999. How could I avoided this? Not sure. Keep an eye on all transactions and be diligent about fighting back? All in all, I give the following rankings. - Chase: 4/5 - Kevin in New Jersey: 5/5 - FedEx: 8====D I plan on filing a police report, and maybe mail some dog shit to the other address. [link] [comments]  |
| In today's environment, short term means HYSA Posted: 13 Jun 2019 06:49 AM PDT There is an influx of posts asking what to do with $5000 - $100000, which OPs have come across in one way or another. Inevitably folks ask:
The answer: High Yield Savings Account. CDs, in today's environment have essentially no benefit over HYSA. Stocks/ETFs/Mutual Funds are not short term investment tools. For those who also add in:
If this existed, no one would tell you. They would keep that secret all to themselves. (Hint: this Financial Holy Grail doesn't exist!) [link] [comments]  |
| Posted: 12 Jun 2019 11:58 PM PDT Don't ask me how I got here, because I don't know. I'm 21. Put all my tuition bills on my credit cards because my stepdad makes too much for fafsa to help me out, to the point where they won't give me student loans. Anyway, I don't really wanna talk about it. The point is I fucked up and need advice and I don't know where to ask it. I am thinking of meeting with a financial advisor but I have decided my best option would be to get a debt consolidation loan. Here are my 4 cards: bank of america 23.24% balance: $3001.96 first tech 16.24% balance: $10030.49 navy federal 13.24% balance: $3026.76 navy federal 17.24% balance: $15427.87 Would that be my best option? I am in trade school m-f 8a-7p and have only been able to find a job that will have me work 2 days a week. That means a monthly salary of about $900, until I graduate from school. Please don't tell me i'm stupid, I know. What should I do? [link] [comments]  |
| Posted: 13 Jun 2019 03:22 PM PDT My mother and father are married. There are three grown children, including myself. He was admitted to the hospital a week ago. His condition is grave, but may take some weeks to conclude. My mother is alive. During this extremely difficult experience, we have learned many bad things about him. Many bad things. Most urgently ... we now know that he has opened two credit cards using the identity of a deceased relative. He then added himself as an authorized user and the cards are at their limit. In addition, he has hemorrhaged the entire family savings. We are afraid to talk to the card issuers. There are thousands of really sick charges, from a sick man, that we would love to contest. I hate that my dead relative's great character is being tarnished. We don't want my surviving mother to be straddled with this debt. We're not authorized users on the card. We do have power of attorney. What should we do? [link] [comments]  |
| Posted: 13 Jun 2019 03:37 AM PDT
I know a lot of this is probably already common knowledge or explained here but I just thought maybe if someone struggling saw this in action it would help. [link] [comments]  |
| Do I take my dad's offer to buy the house? Posted: 13 Jun 2019 06:31 AM PDT Hi Reddit, I'm 23 and I just finished a master's in data science and analytics. I have about $50,000 in students loans that range from 3.5-7% interest, the largest being my $20,000 grad loan at 6.5%. I recently started working as a data scientist making $90,000 in a HCOL area. I am currently living at my dad's house, last year I turned our half-finished basement into an in-law apartment, so at the moment I basically have my own space rent free. My dad is eager to retire in the next year, when he does, he will be spending 7-8 months of the year out of the country. He has proposed that I buy the house (currently worth about 600k off of him for 350k (15 year fixed rate, about 3.2%) and use 50k of that to pay off my student loans so I'll owe at a lower rate. The deal would be that he would pay the mortgage until he retires in 9 or 10 months, and then he will give me $500/month in perpetuity if I guarantee him a place to stay when he is not out of the country, this would be in the in-law apartment in the basement. This would also give me the opportunity to rent out two of the three bedrooms in the house if I'd like. To me, it sounds like a solid deal, I basically get a house for half off and consolidate my debt. I planned on buying the house in the future anyway. What do you think? Am I missing anything here? Thanks! [link] [comments]  |
| How would you invest $70k USD now? (US) Posted: 13 Jun 2019 03:17 AM PDT I currently has it in an online savings with 2% interest. I really want better returns but the real estate and stock market is kind of high right now. Want to hear some suggestions... No debt. Won't need it anytime soon. thanks [link] [comments]  |
| Posted: 13 Jun 2019 07:14 PM PDT |
| Posted: 13 Jun 2019 03:11 PM PDT I just graduated law school and have $155,435 in student loans (includes principal and interest and is a combination of undergrad and law school, with various interest rates ranging from 5.31% to 7%). One of my loans goes into repayment this month and it's $91 (from undergrad, it's a graduated repayment plan) and the rest will go into repayment later this year - currently, my loan servicer website says my monthly payments will be $1,600/mo (assuming I go with the "level" repayment option). I also have one credit card with a balance of $4,627 with an interest rate of 18.24%. I know I need to transfer this balance to a low/no interest card and pay it off within that period of low/no interest but am unsure of how exactly that works and what I should be considering as I'm looking at different options. I am currently employed by my Father who is an attorney and I will continue to work with him once I hopefully pass the Bar. He is aware of my debt and has agreed to pay me enough to cover my monthly payments, etc once all of my loans go into repayment. He's a solo practitioner who has done relatively well for himself but he's almost 70 and has not been the most financially responsible. The plan right now is that I'll eventually take over, so I want to be smart about how I handle my own finances. Right now, I net $2,042/month but will receive a raise once I'm able to officially practice. I do not know what that raise will be yet. My current monthly expenses include: $810 in rent, $310 in health insurance, $100 in utilities, $100 credit card, $80 for gas, ~$300 grocery/food, ~$200 entertainment/misc. Ultimately, I want to get a retirement plan going and would like to one day own a home. I would love some insight on how to best manage my money and debt. I guess my question is, how do I get out of debt as quickly as possible? What student loan repayment plan should I choose and why? What should I look for in a credit card balance transfer? Any suggestions or information is greatly appreciated. Thanks! edit: formatting [link] [comments]  |
| Indecisive: leasing, buying used, or financing new? Posted: 13 Jun 2019 07:50 PM PDT I (23M, Massachusetts) need to buy a car in the next few weeks, as my roommate and I are moving (and having a car would expand options of where I could live). I've been able to use the commuter rail line since I started my job two years ago. Concerns about car-buying in general:
I was pretty set on looking for a gently used honda or toyota sedan (2012 and newer, <60k miles) within my budget. Given that there are options for financing and leasing, I'm not sure what to do. [link] [comments]  |
| Setting up 401k and have zero clue Posted: 13 Jun 2019 05:11 PM PDT I'm trying to set up my 401k but I have zero clue what annual pre tax employee savings rate and annual Roth employee saving rate, is. [link] [comments]  |
| Posted: 13 Jun 2019 07:22 PM PDT I'm pissed as fuck tonight. Sorry this is probably gonna be long. A few years ago my parents lost their house because they're financially illiterate and keep believing in their failing ass business. Don't get me wrong, I love my parents to death and want the best for them but they make 0 effort to improve their situation. It's seriously gotten so bad that they don't even give a shit about their credit scores and just take out random lines of credit they can get with no intention of paying it back. We are at that point. So when they lost our house (foreclosure) , my saint of a grandmother sold her house and used her equity to buy a house that would hold us all. She loves her family to the point of not being able to see what's horseshit and what isn't. She is literally the best human being to ever live (since probably Jesus Christ if you believe in that shit). My parents agreed to make the mortgage while my grandma retired. Fast forward 2 years, my grandma is still working and hasn't retired and my parents are still a mess. So we all move in together. Everything is just fine up until Christmas when my parents pull their usual "oh it's dead season in the business so guess we can't pay the mortgage and have to buy Christmas presents shit." They get an entire month behind on the mortgage and have made all but one payment on time since January. I only know this because I made an effort to check my grandmas credit karma and the poor lady went from 780 to 598!!!!! In 3-4 months!! I asked my grandma what's up tonight and she made mention that my parents never showed her any mortgage documents and I know they've made an effort to hide any and all mail from her. All she's seen is her credit score go down and her hard work being destroyed by two people who are working for nothing. I told her to get that shit under wraps but she's too afraid of my mom. I can fucking handle it anymore. I'm 23, graduated from college last year, have had a full time job since, and help in huge ways around here. I bought a new lawn mower with my grandma (we are the only 2 who contributed). I also paid for a vacation for my entire family (I haven't left the state in 2 years and my job situation allows so I figured why not at the time. Plus I wanted to do good by my grandma too). I'm just at a fucking loss. I bitch all the time about them working too much for nothing and it falls on deaf ears and results in more excuses. How the hell would you all handle this? I love them to death but I'm seeing red tonight and trying my best to not go off. My grandma has told me before she wants me to be executor of her will and wants to leave most of it all to me (because she knows I'm not fuckin dumb) but at this point is there anything I can do? I want her last years to be good and it makes me sad she has to deal with this :( and then a part of me is pissed that literally no other 23 year old I know has shit like this going on. I'm just over it. [link] [comments]  |
| How Impartial Is a Home Appraiser Posted: 13 Jun 2019 02:20 PM PDT Hi Everyone, So I am about to close on a home, which should be a very happy occasion, but I can't get rid of this nagging feeling that I overpaid for the home. My lender had to have the home appraised, but the appraisal came in at exactly my offer, which was already above the original asking price. I was just wondering, how impartial is the appraiser? Obviously they are human and fallible, but is their number the best one I am going to get? I know that the lender wants to know what the home is "really" worth (let's imagine is it even possible to know that magical number) because if I default, they need to sell the home in order to get their money. But since I put down 15%, ignoring transactions costs, I imagine they'd be fine with me overpaying by a similar amount. They are still whole in the case I don't pay. Sorry - this is a bit of a ramble; buyer's remorse is getting to me. [link] [comments]  |
| Posted: 13 Jun 2019 02:16 PM PDT I've recently succeeded in winning visitation rights with my son up here in MA. He lives in FL full time. I am responsible for all of the travel costs. The way the agreement works out is that his mother will travel with him from Orlando to Boston where I'll pick him up, then when it's time to leave, I'll travel from Boston to Orlando and drop him off. So that's one round trip paired with a one way, twice per month. So it amounts to three round trips per month. I'm considering the Spirit 9 dollar fare club, but I've always felt that they're kind of shady. It's safe to assume we'll need one carry on for the adult, each direction. JetBlue is probably the "best" airline in the area for this, but could very well be 100 dollars more per leg than Spirit, depending on their added fees coming together (we'd have to pay to choose our seats to be together if it's Spirit, can't let the babe sit alone). Any frequent travelers out there have some advice? I figure I should settle on an airline and then open up a credit card with them to start gathering miles/points. Edit: I've looked into Spirit's free personal item, and it looks like we actually won't need to pay the $37 carry on fee each way. That makes Spirit more attractive. Now I'm trying to dig into rewards cards; the only Spirit credit card doesn't really have great rewards, so I'm thinking a general travel credit card is better. I'm leaning toward the Chase Sapphire, Capital one ventures reward, and the BoA Platinum traveler. [link] [comments]  |
| Should I apply for a credit card? Posted: 13 Jun 2019 04:51 PM PDT Hello everyone, I am 19 years old with a part time job at a retail company. I will be going to university later this year. I am authorized user under my parents for couple of credit cards and I have a debit card myself. I want to build my credit but my parents say no and wait till I am like 20 or 21. What should I do? Would it be wise to apply for a credit card right now or should I wait? If I should apply for one, which credit card would be the best? Thanks. [link] [comments]  |
| My credit score seemingly dropped over something that did not occur. Posted: 13 Jun 2019 01:42 PM PDT Either that or Credit Karma is wrong about why my credit score dropped. So I got an email today from Credit Karma telling me my credit score changed from Good to Fair. It dropped 73 points in about a month. There were two reasons for this, one reason was that I closed a credit card which I got when I was younger for emergencies. It was co-signed with my mother I believe and I never used it. This actually happened and I have no issue with it. What seems to be incorrect is that my student loan balance went up. I have been paying my student loans on time every month but according to Credit Karma, my student loan balance increased from $1,586 to $4,446. Not only has my student loan been going down every month, my student loans are around $20,000. At my peak I had around $25,000 in student loans but it has been steadily decreasing. I took my loans out with Navient, is there a possibility they did not tell me a loan payment was due? Any help here will be much appreciated. [link] [comments]  |
| Posted: 12 Jun 2019 09:30 PM PDT Tomorrow I'm losing my job. I'm being let go for a complaint (nothing too serious morally, but my organization doesn't tolerate much in terms of complaints and this is my second one.) I'm in an at-will state in a small town. I make 51,000 ($1400 after tax twice monthly) and my wife make $40,000 ($1150 after tax twice monthly). We have insurance separately through employers so only I will be out of luck. I don't know what I'm going to do. There's not another job here in my field. I have a $950 rent payment, a single $450 car payment, about $200/mo utilities, $300/mo in student loans and about $1200 credit card debt. We have about $8000 in the bank. A) what are some of the easiest common ways to save money in budget cuts and what are the less obvious ones I'm not considering? B) what is the best way to get an income while you are between jobs without ruining your resume by doing something you are way overqualified for? [link] [comments]  |
| Posted: 13 Jun 2019 06:33 PM PDT Hey guys, I tried to read a lot before I posted but I can't seem to find the answer within myself. I hope to receieve some wisdom I have missed/overlooked! My goal is to kill my debt quickly while starting (even if its a little) saving for retirement. The job pays $51,000 and the pension plan for my city pulls a required 7% with a 2:1 match; I hear this is unheard of and a big reason why people work in government to retire. If we take this given out, my pre-tax income becomes $47,430. After some research on health care, I ultimately will be opting for a high deductible plan with an HSA. The city contributes $1,000 a year to the HSA and I currently am putting $50 a month into it (was unsure of how much to put in at the moment). Since that amount is pre-tax, my new pre-tax income should now be $46,230. Bi-weekly being a bit under $1,500. I have some school loans and credit card balances (The 0% option for x months type) and I have calculated that I will need to put $947.92 a month into my credit card balances (I keep this up for however long my terms are, and once a balance is payed off I will put that extra cash into something (retirement or school loans)). This leaves me roughly $2,000, I pay about $200 for bills and I plan to give my Mom about $300 a month. The Final take home pay will be $1500 to leave for loans, retirement, and wants. School loans total to about $13,777.15 with only 1 loan accruing interest (Balance of $479.15) at the moment and the repayment start in November. The interest rates for these range from 3.76% to 5.05%. I will most likely do the avalanche method so I pay the least interest over time. Finally, I am thinking about retirement as I hear this everywhere I go online and from coworkers twice my age, this cannot be overlooked! (According to everyone) I also heard people using their HSA as a retirement account, but I hear that can only be pulled for medical expenses when you're older (Obviously that will be more common with age). I am just trying to hit my out of pocket limit but also treating it as a "retirement". So I was wondering if I should open a 457 and contribute pre-tax income there or open a Roth IRA and contribute post-tax income there. Hell, or even do both? Put a little in each? I am not sure if I plan to stay in government my whole life, but people tell me here if I can tough it out for 30 or so years (Ill be 53) that it will be worth it. That is way earlier than the 65 or 70 range people talk about traditionally. [link] [comments]  |
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