Personal Finance Job offer rescinded after submitting counteroffer |
- Job offer rescinded after submitting counteroffer
- I think my Financial Adviser made some Bond trades that were NOT in my best interest after I notified them I was moving my accounts.
- First Job. Is it normal to lose about 30% of your paycheck to taxes or did I make a mistake filling out a form?
- A College Student in a Unique Situation
- Scratched a parked car while in a parking lot, paid the owner out of pocket. Worried about future repercussions.
- Keep my checking account in a different bank than my long-term/investment
- Savings bond heir lives overseas?
- My car was stolen. Will my insurance go up?
- how to get money to stop burning a hole in my pocket
- Disputed a debt and lost. Has my debt really restarted the 7 years?
- $229 bill for not getting treatment in an emergency room after a mugging
- Financial literacy volunteering ideas?
- 23, about to graduate college, no debt, 60k inheritance coming up. What do I do?
- Is SPTM a good option for a ROTH IRA?
- Graduated college, want to leave my hometown, no self-confidence, what are the basic personal finance things I need to know to survive on my own?
- Confused about deductions and expenses after 2017 tax code changes USA
- Leveraging job offers for a raise
- CC Authorized User Impact
- Woke up today to collections deleted from my credit report.
- My uncle recently passed away
- Company I held stocks in was acquired and am now receiving a "TENDER OFFER" after less than a year of holding. Want to understand my options and whether I can avoid paying income tax.
- I just bought a car. My auto loan company won’t allow autopay from my normal bank?
- Starting to Save for a Home
- What can you say to improve your chances of getting a late payment report removed by a creditor?
| Job offer rescinded after submitting counteroffer Posted: 28 Sep 2019 06:33 PM PDT Just want to post and remind people here of the reality of negotiations going bad for you. Most posts here about starting new jobs recommend that you always negotiate your starting wage as most employers expect you to. While I would still recommend this too, I will say make sure you are negotiating from a position of strength. Luckily for me, I'm still employed with a job I like and could afford taking on the risk of losing an offer. But for people who are unemployed or underemployed, I would think twice before possibly losing a job offer. Know your worth. Little backstory on the job offer: I currently work as an Application Engineer for a company that I genuinely enjoy. My pay is fair, it's an ESOP, I never have to work over 40 hours (usually only do 37.5) and the first $2,500 of medical expenses per year (out of $6,000 total deductible) is paid for by the company, which makes going to the doctor a lot easier knowing I won't have a bill. We also receive bonuses based on company bookings. These bonuses give me an additional $12-14k a year. Safe to say, I know how good I have it and was not actively looking to change things up. A couple weeks ago, a CEO of a small company reached out to me on LinkedIn and presented an interesting opportunity. He had just purchased this small company (<5 people) in the area I was working. Basically this was a family run company and the guy he bought it from was looking to retire. He was going to stay on for additional 1-2 years to help train me be a suitable replacement for him. I liked everything about the opportunity and would have taken it if the compensation lined up. After the interview, I received an offer in my email. The base pay was about 13% higher than my current pay and this job also had bonuses, but I had no idea how easy they would be obtained compared to my current situation. He offered less PTO then I was currently receiving and I already knew I could kiss goodbye to my great work/life balance that I currently had, since he wanted to grow the company by 50% in the first year. The guy who was on the way out was already doing 60-70 hour weeks. I counter offered stating that I expected the work load to increase from my current position and that I genuinely don't want to leave so I asked him to raise the base salary by $10k (A 15% increase from the initial offer) and that I would accept if he could meet that. He wrote back the following: "At that rate we will be pursuing a more experienced engineer with less demands at such an inexperienced level. " In my mind that's a very unprofessional response so I already know I dodged a bullet. But anyway just be careful when negotiating, but if you have a job that you like, play hardball all you want. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 28 Sep 2019 06:19 AM PDT As the title states, I decided to move some retirement and non-retirement accounts away from an adviser and to a firm where I can self manage. One retirement account was 100% bonds and after I advised them I was moving it took four weeks to get the accounts moved and during this period I now noticed there were four sell/buy transactions (so effectively 8 transactions) and my gut is telling me they were swapping some 'good' bonds for possibly 'not so great' bonds that maybe they were holding for other customers they have. Any ideas of how to prove this out (a 3rd party?) and where to take it (i.e. FINRA)? Thanks!! Edit #2: Thanks all and based on the input I have an action plan: a) Ask them for a written response on why these trades were made - how did they benefit me. b) Have an expert review (I think I have someone who would spend 15 minutes reviewing). c) Unless, like a few commented, there were some real garbage given to me to replace more highly rated bonds, just take it in the gut and move on. d) But if an expert tells me they smell a rat and they don't have a fair explanation, I may take it further with FINRA. Edit #1: Sorry I stepped into a class so I'm away for a few hours.I believe it may have not been in my best interest based on a cursory review of the yields and the quality of the corporations.They are a fiduciary.Definitely not rushing to report them just thought I could get some input. Will answer specifics in a bit. Thank you in advance for your comments. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 28 Sep 2019 08:51 AM PDT Hello everyone. So I just got my first job and need help reading my paycheck. I make $2,185 a check (every two weeks) before taxes, but my take-home amount is only $1,543 after taxes (a decrease of about 30%). Again, this is my first job so I am completely new to taxes and finances. I've been spending time on this subreddit to learn but the going is slow. So is 30% the average amount or am I doing something wrong? For some more information, I've added the tables on my voucher below. Personal Info: I'm 24, living with parents, and unmarried.
Thank you so much for the help! Edit: Thank you all so much for helping! This subreddit is wonderful :) [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| A College Student in a Unique Situation Posted: 28 Sep 2019 05:57 PM PDT Hello personalfinance! Long-time lurker here and looking for advice. I'll try to keep this short: I'm a full time college student who recently separated from the military. I'm currently going to school and being fully supported through my GI bill, meaning all tuition is paid and, with proper budgeting, living expenses too. I applied for financial aid and was quite surprised to see that my state offered me quite a large amount of aid in the form of federal and state grants, ranging into the thousands of dollars. Since my tuition is already paid by the VA, those grants then get refunded to my bank account in full each semester. My question is "where do I go from here?" I have a decent sized emergency fund and have taken care of all of my obligations and needs for the next few years until graduation. I have absolutely no debt and my tuition is fully paid for by the VA. I already have a good head-start on retirement savings in the form of a 401K. The only events I have on my immediate horizon are a proposal within the next year and planning for a family after college (3+years from now.) So, knowing that, what are some possible ways that I can utilize this newfound financial surplus to plan more for my future? Thank you in advance, and for always giving good financial advice on this sub! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 28 Sep 2019 02:37 PM PDT Hello, Last week I was pulling into a parking spot and accidentally accelerated into the bumper of a parked car. The owner luckily was walking right out of the office directly in front. This was my first time in an instance like this and I was very nervous. We exchanged information and took pictures. I gave my insurance, license, name and number. From them I only got their name and number. As we were exchanging we decided that since the damage was not too severe that I would pay for the damage out of pocket and not get insurance involved. They said they would go to a shop to get an estimate and let me know. Today they were able to get me the cost, around 1000, and they will go in to have it fixed a few days later. I agreed to pay and sent the payment via a mobile payment app. I have proof of payment to this person. I asked for a copy of the receipt once the work was complete and they complied. Now a week later and I still do not have the receipt or response. I am afraid this person will put in a claim, is my texts and proof of the money transfer enough proof I fixed their car? I made sure to verify the cost and I have pictures of the damage. I figured is she turned around and tried to put in a claim I could show that I already paid for the damage. This was my first accident so I know there was a lot I should have done at the time but forgot to. Any info is much appreciated, thank you! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Keep my checking account in a different bank than my long-term/investment Posted: 28 Sep 2019 07:27 PM PDT I have an investment account with an balance that's substainale for me. But it's all in stocks and I vow to not sell themor take out the money. its in an online brokerage I had to recently to close my checking account in chase due to its maintance fees ( i don't have income right now and getting hit with those fees). I opened an account with the same online bank as my investments, and I feel some kind of silly kind of pride/ or whatever / thinkign that I have more money to spend when i really don't. I tell myself that oh, if things go worst, I can sell those stocks etc but that's not good way to manage finances should i try another bank so i dont have to see my investments inwillingly? anynoe have that problem [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Savings bond heir lives overseas? Posted: 28 Sep 2019 06:01 PM PDT If the POD or joint owner of an inherited savings bond lives in another country do they have to file a tax return in the U. S. to report the interest income? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| My car was stolen. Will my insurance go up? Posted: 28 Sep 2019 01:30 PM PDT Simple question. My car was stolen. I don't have comprehensive or collision. Do I need to tell my insurance company? The value of the car is less then 900. Can I cancel my insurance and just report it stolen ? Sorry if this is a dumb question I just don't know if I have to tell my insurance company l. Edit I figured it out. I thought filing a claim was mandatory. I didn't realize I can talk to my agent and not file a claim at the same time. I can just cancel my policy and tell the theft is reason. Thanks you to everyone that post Edit#2 the woman gave no shits why I canceled my policy. If anyone cares to know I have progressive. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| how to get money to stop burning a hole in my pocket Posted: 28 Sep 2019 08:00 PM PDT okay! so this is going to sound like a childish question and i am pretty young. (young adult) but i have a spending problem. not a huge one! but money seems to burn a hole in my pocket. usually i plan too big before paydays and spend too much on items like shoes or coats, lunches and office supplies. i need these items but i don't have to get them all at once - but every time i have money i blow through it. eventually i want to be on my own so this is beginning to dawn on me. my mother says i'm just impulsive because I'm young but i really want to grow out of it and stop feeling so drawn to spending money right away! its like an itch you gotta scratch! ideally i want to have money stretch out longer by just saving up for bigger things slowly. but its hard getting to that point. anyone have any advice on saving, budgeting, or just putting back money etc.. for the responsible spenders out there - when did you gain a little more willpower with your money? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Disputed a debt and lost. Has my debt really restarted the 7 years? Posted: 28 Sep 2019 04:14 PM PDT So i disputed 2 accounts on my credit. The debits were found valid so they stayed on the report. However, now when i look at credit karma it is saying that the dates of the accounts are within the last year instead of the 5 years it has actually been since it was delinquent. Credit karma is also now stating that paying the debt would get me nearly the same score as getting it deleted all together. I called the agency and they said that disputing the account acknowledged that I was my debt but that I don't agree with it, so the 7 years restarted. This doesn't seem right. Can anyone guide me on what to do? Should I just pay the debt and be done with it? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| $229 bill for not getting treatment in an emergency room after a mugging Posted: 28 Sep 2019 07:35 PM PDT About 2 weeks ago, I was mugged by group of kids while going into a metro station. Aside from my glasses frame getting cracked, I managed not to lose of my belongings, but I was hit in the head several times and was worried about possibly having a concussion. After being seen by some paramedics and speaking to the police, my parents took me to the nearest emergency room. I checked in and got my vitals checked, but ultimately left before receiving treatment. We decided that since the wait was going to be several hours and I seemed to be OK once the shock wore off, it made more sense to go to an urgent care in the morning (this all happened at night and the urgent care places were closed at the time.) Today I got two letters in the mail. One was a victim impact form, which asks for a list of various expenses. The other was a bill for $229.43 from the emergency room visit, since the hospital was not covered by my family's insurance. Obviously I can just set up a payment plan and include the price of the emergency room visit in my victim impact statement. But the thing is, getting charged this much for basically nothing but a check of my vital signs seems excessive. I'm a college student working part time and $229 is a lot for me. I'd honestly prefer to see if I can get the price of the ER visit down. I've heard of cases where people are able to negotiate lower prices directly with hospitals after being given overly large bills, but I'm not sure how to go about it. My questions are as follows: *Should I try to get this bill cut down? *If yes, how should I go about it? *If I try to get the bill cut, how do I record it on the victim impact letter? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial literacy volunteering ideas? Posted: 28 Sep 2019 10:47 AM PDT I'm looking to volunteer in my community. I live in Chicago and particularly want to help people with financial literacy. Understanding and being confident in how you handle your personal finances can make a huge difference to your quality of life and i want to help people manage their money better. I've read dozens of personal finance books, majored in finance in college, and currently work in investments so i have a fair bit of background on the subject but I'm by no means an expert. Does anyone have ideas on how I can get involved in my community in this capacity? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| 23, about to graduate college, no debt, 60k inheritance coming up. What do I do? Posted: 28 Sep 2019 03:46 PM PDT Like the title says, I'm about to graduate with a bachelors in journalism. I was fortunate enough to have parents who could pay for my education, so I have no student debt. My father is deceased, so my grandmother passed away and left me a sizable portion of her estate. Depending on two property sales, I should end up with around 60k in the bank after this (I live in Missouri, so there's no inheritance tax). What do I do next? I feel so fortunate to be in this situation and I'm terrified I will squander this massive opportunity laid before me. Should I invest? Start looking at houses once I have a stable job after graduation? Take the trip I've been wanting to take for years? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Is SPTM a good option for a ROTH IRA? Posted: 28 Sep 2019 04:58 PM PDT Hi guys - I am 25 years old, with about 8k in my current IRA. I have been with a financial advisor for a couple years, and he put me into a fairly high costing MF. I have taken control of my account, and switched to Ameritrade to have my ROTH IRA. My question: is SPTM a good choice to be the lone fund in my IRA? Edit: I was debating between SPTM and SPLG. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 28 Sep 2019 04:44 PM PDT I graduated this past spring and got an internship in my city in the field I really wanted to work in. I didn't get hired on at the company at the end of it (if you want to know the details, you can go through my post history). This was the only company in my city where this particular field is practiced, and if I want to pursue it further, I'm going to have to leave town. I have low self-esteem as it is, and this turn of events didn't help me at all. Now I'm just sitting in my parents' house applying for all the jobs I can, but I haven't heard anything back yet. I feel like an unemployed loser who no one wants to hire. I live in a conservative city, and people think I'm gay, which I think puts everyone off of me. I worked on-campus at my uni, which was pretty liberal, and people there liked me, so idk. I wish I could live in a socially-liberal but fiscally-conservative area, which probably doesn't exist lol. I don't want to give out too much info so as not to doxx myself, but I'm going to have to leave town if I want to pursue the career I want. I have some money saved up, but I feel like I'm too financially illiterate to take care of myself. I get so anxious when it comes to dealing with the bank, bills, and other stuff, even though I'm pretty good at math and smart with my money. Sorry for the confusing post. I guess what I want to know is the basics financially of living on my own. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Confused about deductions and expenses after 2017 tax code changes USA Posted: 28 Sep 2019 06:15 PM PDT Hi, please forgive if this is the wrong forum, but I have been given several differing answers from professionals and colleagues alike. I am for all intents and purposes a freelancer. I have several main clients, all of whom give me w2's at the end of the year. I say I am a freelancer because I don't have set days. I work in TV. Clients ask my availability, and I let them know. They then schedule me as needed. Sometimes I will get a call from someone I have never worked with, and work one day with them, but still I will be put on pay roll. It seems to be the norm in my industry for the type of work I do nowadays. That being said, I am expected and required to have certain tools to perform my job. Earlier this year I transitioned from a full time position to this freelance lifestyle and thus was required to purchase quite a lot of equipment. My questions are: If all of my clients are w2, can I deduct any of those purchases? If say I have one or two 1099 clients, where my total 1099 income was say $1000, could I deduct say $3000 in expenses. It is nearly October, let's say I needed to purchase a lot more equipment and that gear would allow me to procure a lot of 1099 clients, but I probably wouldn't build the clientele until well into 2020, should I wait til 2020 to purchase, or could I log those expenses to use as deductions for 2020? Thanks for any insight! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Leveraging job offers for a raise Posted: 28 Sep 2019 02:23 PM PDT My manager mentioned to me that the most effective way to get a raise at this company is to have a job offer that's willing to pay more. My manager is an absolute top performer and I consider myself to be in the top tier as well but I am obviously more junior and not as vital as she is. I have some reservations about this approach as we recently hired on a new vp of our group and don't want to leave a bad taste in anyone's mouth using this tactic. Has anyone successfully used this technique to get a raise and remained in good standing with their company? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 28 Sep 2019 07:54 PM PDT I made my brother and mom authorized users on my CC, so that they can start to get a credit score. After a year, they got their own CC's and their scores were high. However, I incurred some debt (7k) over the summer and my mom's been trying to buy a house, but she thinks that debt will reflect badly on her possibilities for a bank loan. Is there any credence to this? I have taken them off as authorized users but I'm not sure if that has a positive effect. Any guidance would be helpful. Thanks for reading! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Woke up today to collections deleted from my credit report. Posted: 28 Sep 2019 07:35 PM PDT Hello every body. Over the last couple years I had some health problems and had no insurance. Long story short I went to hospital multiple times and never paid my bills. Everything went to collections. I had 10 medical collections. My credit score was all the way in the 500s. Started about 5 months ago I got a secured credit card. Started building my credit. Applied for another card unsecured and was approved. All my credit scores reached to around 600. I still had the 10 medical collections on my Transunion report. So a month ago I looked at all the accounts and noticed the amounts were all wrong. I disputed all of them and come to find out I checked today and all 10 are off my credit report. I called Transunion just to confirm and they said they're removed. Only thing is.. I thought my credit score would have improved a lot more. It barely went up. Is that normal? Does it take more time to be adjusted? Or does collections being deleted really not help the score? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 28 Sep 2019 05:00 PM PDT He died very suddenly and my aunt, who I am very close to, is having to figure out what all he had money invested in. They were only married for a few years and she was not aware of all of his finances. She is sending me his laptop and tablet to see if I can get any information on what companies he was invested with. Is there a good way to go about helping her figure this all out? Or any advice for me/her? He left everything to her in his will. They live in illinois if that helps at all. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 28 Sep 2019 03:25 PM PDT So I used to work at Carbon Black and exercised my stock options to buy their publicly traded shares in December of last year. As some may know they were acquired by VMware not too long ago. This is good news because the stock price jumped but now I have just received an email regarding a "TENDER OFFER" that I must accept or decline by Tuesday. I was originally planning on holding them for a year to avoid paying income taxes on the gains but now I'm not sure if that's an option / in my best interest. This is the only time I've owned stocks outside of retirement vehicles so I'm kinda out of my element here. Any advice / info would be greatly appreciated! Thanks in advance! PS I think it's a bit weird that the stock is seemingly still being traded after being acquired but maybe that's because the acquisition hasn't actually gone through yet? The stock is still trading around [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| I just bought a car. My auto loan company won’t allow autopay from my normal bank? Posted: 28 Sep 2019 06:51 PM PDT I do not have checks, I don't like or need them. I have always set up autopay. Fifth third bank apparently only allows autopay from their own account (unlike my last at Wells Fargo, I don't bank with them but the auto loan was easy). What is my best move? I want to refinance and get away if they won't allow autopay Edit: already want to thank you guys! Keep it coming but I get anxiety about this stuff so even the parts I may have thought of are easier when discussed. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 28 Sep 2019 02:57 PM PDT Hi all, Early 20's and starting to look for a smart way to save for a home. Any advice? I'm local to the Bay Area so homes can be pricey however I'm looking at homes just outside and think I can keep it in the 200-500 range depending on how well I'm doing at the time and how much I've saved. Is there a place where I can begin to invest? How much do you reccomend I have as a down payment? Any expenses you wish you had saved for/kept in mind when buying your first home? All help is appreciated, thank you! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||
| What can you say to improve your chances of getting a late payment report removed by a creditor? Posted: 28 Sep 2019 06:37 PM PDT I have 2 late payments one from 2015 and one from 2016. I'm trying to get a car loan and would like to attempt to get them removed. I've seen pages say to try to get your creditor to remove it before trying the credit report companies. [link] [comments]  |
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