Personal Finance Ignore any private messages. Anyone offering services, transactions, referrals, etc. is a spammer or scammer. |
- Ignore any private messages. Anyone offering services, transactions, referrals, etc. is a spammer or scammer.
- My mom took my 17 year old sister off of her family health insurance.
- Job removed the second lead position and gave me twice the work for the same pay, then denied my request for a raise.
- Capital One Quicksiler Bonus Question
- Credit Card Application denied with 789 credit score
- I have a financial advisor strongly urging me to get a life insurance policy as a profit making plan. Is there a catch?
- Selling hobby items you're passionate about for financial security.. or at least comfort?
- Here are your new income tax brackets for 2020
- Need held! My mother is asking for my paystubs and credit card statements for EBT but I don’t live with her anymore?
- Need help getting a document stating I do not own property
- My dad is out of the picture and now my mom is struggling with bills. I’m away from home for college. Would it be financially better if she were to move in with me?
- Military Separation
- Overwhelming debt, please help!
- First baby expected in July, open enrollment ends tomorrow, I'm on HSA, she is not, not sure what what to do.
- Job decision advice
- Sister passed suddenly i am in charge of getting stuff in order
- What should I do with this inheritance check from my mother's IRA?
- Backdoor Roth ira questions
- Just realized I messed up my tax return on the 1040NR-EZ. It it too late to get fixed?
- Partner's former apartment complex is charging for refrigerator replacement? Unsure of policy/protections/etc
- DoNotCall violations settlement being mailed out to people.
- Scam Story & Advice
- "tax free" salary from foreign company , US citizen, job in Dubai, company based in EU
- Balance transfer causing dip in credit score
- Money stuck in 457(b)
| Posted: 16 Oct 2019 01:13 PM PDT Here on /r/personalfinance, we ask people to "please treat others with respect, stay on-topic, and avoid self-promotion". Focusing in in on that last part, we believe it's important to limit the effect of biased and self-interested advice, questionable financial products, and scams. The problem we're seeingUnfortunately, there is a disturbing increase in private messages and chat being used by scammers and spammers. Accounts with virtually no history can send anyone a message and Reddit is increasingly inconsistent about taking down these accounts. Scammers and spammers often target people having financial difficulties (e.g., a very persistent scammer on /r/Debt) and people who are new to certain personal finance topics. The admins also refuse to take reports from the moderation team so all we can do is ban these accounts from posting here. This does not prevent them from messaging you unfortunately, but please do message the moderation team so we can prevent scammers from commenting. Scammers will often comment prior to reaching out in a PM. What we're doingUntil this is better addressed by Reddit, we're going to ramp up our efforts to warn people and we're going to sticky this post for an extended period of time. We already send out an automatic message to anyone making a submission warning them to ignore PMs (along with some other welcome information). Unfortunately, due to a design quirk in AutoModerator, this doesn't get sent 100% of the time. To address that, we're going to make this warning more consistent by using a separate bot. What you can doFirst of all, please report abuse to the admins and report abuse to the moderation team. If you need to post private or sensitive information, please consider using a throwaway account (totally allowed here) and make sure you completely redact any sensitive information such as account numbers, your name, and your address. Finally, we hope this doesn't deter you from posting here on Reddit. It's very easy to block people that message you privately and hopefully this is not the permanent future state of Reddit. Regards, The PF moderation team TL;DR Ignore anyone messaging you privately.Report abuse to the admins and report it to the moderation team. Thanks.[link] [comments]  |
| My mom took my 17 year old sister off of her family health insurance. Posted: 07 Nov 2019 07:45 AM PST Myself included, but it's alright because I'm 19 and just enrolled for Medicaid. My sister, however, is 17 and has no job. She's living alone in a property my mom said she could stay in rent free, because the bills like electric and water are paid for, social services hasn't done anything about it. It's important to note that my mom has my sister staying here because my mom is no longer living in the state, she fled months ago. However, my mom recently had her go to the health department to get a birth control that isn't her usual, for free, and specifically for those without insurance. Usually, my sister would go to her doctor to get the pills. On top of this, my mom told her she couldn't go to the doctor because the last bill was $600. This all leads me to believe that, upon going out of state to live with our step dad, who has a warrant out for abusing us, (it's a very long story, picture your typical mother chooses men over her children story.), she had taken me and her off of the family insurance. As I know that by moving out of state, she needs to make a new one. I'm considering calling social services on behalf of my sister, who now can't go see her doctor. But I'm not sure what my best bet is, so that's why I inquired this forum. I live in Maryland if that helps, thank you. [link] [comments]  |
| Posted: 07 Nov 2019 09:33 AM PST I told them that they can't expect me to stick around for the same pay and twice the work, and if I'm gone in a few months, they'll know why. I shouldn't have said that, but it's straight up immoral to dump the second leads work on me with no intention of hiring another just because I'm capable of doing both jobs. Edit - I need the amount of money I make, and it's a good paying job. I guess I could cut a few corners here and there to make ends meet if I had to take a lower paying job. Frustration got the better of me, however, and I shouldn't have made a threat. I need the job more than the job needs me. [link] [comments]  |
| Capital One Quicksiler Bonus Question Posted: 07 Nov 2019 07:41 PM PST So the quicksilver card has a $150 bonus if I spend $500 within the first 3 months. Does that bonus apply to a balance transfer as well? [link] [comments]  |
| Credit Card Application denied with 789 credit score Posted: 07 Nov 2019 05:45 PM PST Hi All, I applied for a US Bank Cash plus credit card a few weeks ago and was denied because of too many recent inquiries. So some background: I just closed on a home within the last few weeks. I had no issues being approved and getting financing. There were about 8 or so hard inquiries as I was shopping for mortgages. I want to apply for a new credit card because I'm going to be spending some money on furniture and things to furnish the new house. I've had a Bofa credit card for about 8 years now and that is my only other line of credit besides my soon to be mortgage. I decided after applying that I should have gone with the Chase sapphire preferred as they have the 60,000 bonus points upon signing, and that's more enticing than what the US Bank card offered. My question is, should I wait before applying for the Chase credit card? Or is US Bank strict when it comes to approval? I have 10k set aside for furnishing the new home. [link] [comments]  |
| Posted: 07 Nov 2019 06:27 PM PST I have a financial advisor who was a friend of my fathers and is overseeing my inheritance as it makes me panic thinking of the risk and everything. I'm smart enough to know that I don't know the world of investments and taxes, and to stay out. He is telling me that it would be a tax-haven to put my money in a life insurance policy, and that I could loan against the policy to invest in other places, while that money matures in the policy. The cost of it would come out of other dividends so I wouldn't pay anything or have to worry about it, and I could use it for medical or other funds later in life. If its important, the total investments are ~200k, and the plan would be 2k anually till i'm 65 for 250k. I am 33, have no plans on having kids or marrying or dating (not quite ace but non-relationship) so I really don't value the policy after I die part, at all. Is there a catch or something where this could be a bad decision? what would that look like? Hes telling me that since I'm not at risk of failing to pay the policy, theres no other risk to me, and its pretty much purely beneficial. I don't really trust insurance companies to not screw me on a technicality, and I don't understand half of what my advisor is explaining on why its a good idea to "invest" in life insurance. If anyone could create osme examples where this would pay off and where it would hurt me, I'd really appreciate it! [link] [comments]  |
| Selling hobby items you're passionate about for financial security.. or at least comfort? Posted: 07 Nov 2019 07:50 PM PST Not very active in this community but I'm looking for some advice. First, some background.. I'm a 23 year old homeowner with a bit of a car collection and a very, very tight budget (mortgage of $1575/mo, income of ~$650/wk). I acquired a 1987 M6 last year for less than it's value and I have an opportunity to flip it now for a tidy profit of $18-20k. Compared to my salary of ~$50k it sounds like an easy decision but I absolutely love this car and I know I'll never have another one. Maybe this question is better suited for a BMW subreddit but I'd like to hear opinions on financial security vs. possessions and hobbies that you're passionate about. The scales are balanced but I'm afraid I'll miss the market demand for this car if I wait a few years. [link] [comments]  |
| Here are your new income tax brackets for 2020 Posted: 06 Nov 2019 09:43 PM PST https://www.cnbc.com/2019/11/06/tax-rates-and-income-brackets-for-2020.html For married individuals filing jointly: 10%: Taxable income up to $19,750 12%: Income between $19,750 to $80,250 22%: Income between $80,250 to $171,050 24%: Income between $171,050 to $326,600 32%: Income between $326,600 to $414,700 35%: Income between $414,700 to $622,050 37%: Income over $622,050 For unmarried individuals: 10%: Up to $9,875 12%: Income between $9,875 to $40,125 22%: Income between $40,125 to $85,525 24%: Income between $85,525 to $163,300 32% Income between $163,300 to $207,350 35%: Income between $207,350 to $518,400 37%: Income over $518,400 For heads of households: 10%: Up to $14,100 12%: Income between $14,100 to $53,700 22%: Income between $53,700 to $85,500 24%: Income between $85,500 to $163,300 32%: Income between $163,300 to $207,350 35%: Income between $207,350 to $518,400 37%: Income over $518,400 For married individuals filing separately: 10%: Up to $9,875 12%: Income between $9,875 to $40,125 22%: Income between $40,125 to $85,525 24%: Income between $85,525 to $163,300 32%: Income between $163,300 to $207,350 35% Income between $207,350 to $311,025 37%: Income over $311,025 [link] [comments]  |
| Posted: 07 Nov 2019 08:48 AM PST Hi everyone, i recently had to move out of my mothers house and am living on my friends couch! I'm 19 years old. She's asking me for my last few pay stubs and finance information. I asked her why and she said she needs it for our EBT and energy assistance. I'm wondering if I can't get better benefits as a single person making less than 20k a year? Rent in my area is about what I make every month and I don't know what to do next. I've got a few weeks left where I'm at right now then I need somewhere new. Is my mom committing some kind of welfare fraud? Am I involved because I don't need that kind of trouble. She asked that I don't change my address legally. [link] [comments]  |
| Need help getting a document stating I do not own property Posted: 07 Nov 2019 06:20 PM PST Hi! I am currently based in the US and need to get some sort of document stating i do not own real estate. I meed it for tax purposes in my country of origin. I tried: 1. A title company - they are happy to give me a list of properties I own as long as there is at least one. they are not set up for "negative confirmation". 2. Tax lawer - basically ghosted me after the initial phone call. Any idea what governing body should I go through to get something like this? [link] [comments]  |
| Posted: 07 Nov 2019 07:30 PM PST Her job is location friendly and I'm working part-time and going to school. She's told me that she isn't able to save during the winter and that she has to take away from her savings. My mother and I want my brother to finish highschool there; he's a junior. Basically, we're not going to save anything until summer of 2020 when I get a job at the hospital. She's planning to sell a car because my dad used to use it but it's under her name. I don't want her to use up all her savings. [link] [comments]  |
| Posted: 07 Nov 2019 05:54 PM PST I am planning on separating from the military within the next year. Current plan is to go back to school to get an MBA or MSEE. No debt or property to speak of and no real plans to make any major purchases before I get out. My questions is given a 2 year period with no income while in school should I save my cash in my savings account or invest it into my Vanguard and/or TSP. I guess my main worry is having money readily available to cover expenses. Current assets: 10k Crypto 25k Cash 40K TSP 100K Vanguard (Roth and Index Fund) [link] [comments]  |
| Overwhelming debt, please help! Posted: 07 Nov 2019 04:36 PM PST Hey everyone! I'll try and keep this structured and concise, however I would really appreciate any help/insight! I am a (M) 25 year old pharmacy student. I am currently preparing for my licensing exams. Studying for these exams are extremely time consuming; I study nearly every day between 8am to 1am (that's obviously exaggerated since I have to cook, shop, eat, take breaks, etc. in there but you get the idea!). Basically, I would have difficulty maintaining a part-time job while prepare for those exams. Current Debt: Student debt: $32,000 - Payment: $300/month Credit Card(s): $12,000 - Payments: $290-300/month Total: $590-600/month "Income" pretty much comes from family financially supporting me: Approx. $650-700/month. This amount is relatively constant but I don't know how I could use it to land a loan/line of credit. Why do I need a loan? Well, I applied for a change/upgrade in credit card type (on the card that has the bulk of the CC debt) to reduce my interest from 23% to 11%. Turns out due to new laws, monthly payments must reflect an 3-5% of the total debt (plus normal interest). Basically mymonthly CC bill increased by about $200. From $290-300/month to $490-500/month. I cannot sustain this! "Income" = $650-700/month Old Debt Payments = $590-600/month New Debt Payments = $790-800/month If I could just transfer my credit card debt onto a personal loan then I would be able to make ends meet until I get my license and start working but that could take up to 2 years. Besides is there any way I could prove my "income"? How could I land a loan in this situation? Any help is welcome! I'm honestly panicking and don't know what to do. Thanks in advance everyone! Edit1: The Student Debt is taken from my parents' Line of Credit (I am paying off the interest I owe them) [link] [comments]  |
| Posted: 07 Nov 2019 05:47 PM PST Hi PF, I could really use some last minute help. Part of me just wants to stay put right now until we have the baby and go from there but I'm uncomfortable without having a plan. I consider myself responsible with finances but clueless with health insurance for a family. Help is appreciated. Need to sign up by tomorrow. My fiance and I recently learned she is pregnant with what will be our first. Due date in July. She's 34 and works in public education. We are getting married in two months. So we will have two qualifying events in 2020. However I could really use some help. My current situation: I have been in a high deductable HSA for a few years. Im healthy. Currently have 11K in the HSA. Her current situation: Works in public education, has a traditional health plan. Has been healthy. Is considering moving to a VEBA which appears to be an HSA equivalent. [link] [comments]  |
| Posted: 07 Nov 2019 07:20 PM PST Current job: Been with the company 3 1/2 years, income is about 65k and steady, benefits are amazing, and potential to earn 80-100k within a year or two. The cons.. company is awful and the culture sucks. Leadership is about as toxic as it gets. I manage a telecom store. New job potential: Newer company that's been around two years, they do B2B sales. I know two people personally that joined this company, one since they started and is averaging 250k/year. My second one who is a close friend is 8 months in and has made 100k, said he's expecting to hit 200k+ next year. Pros: Potential for huge income increase, I make my own schedule, work from home, and I can be happier by not being part of a toxic culture. Seems like a no brainer right? Cons: 100% commission, benefits are not as good. It's sales which I'm good at, I definitely trust the two people I know.. I'm just in a comfort zone that I hate but know it takes care of me and the family. Lastly, the two people that joined this company and the person that started this company all worked for my current company. [link] [comments]  |
| Sister passed suddenly i am in charge of getting stuff in order Posted: 07 Nov 2019 01:08 PM PST My sister passed this last week and im the only family she had so im being made incharge of her estate and stuff im inly 27band not sure how i go about anything... how do i find out any accounts she has or outstanding balances she didnt give me any info since this was sudden and out of no where. [link] [comments]  |
| What should I do with this inheritance check from my mother's IRA? Posted: 07 Nov 2019 12:26 PM PST My mother died last December and I made the mistake of listening to her financial advisor that was managing her IRA with Lincoln. The financial advisor had me request a lump-sum distribution to receive a check in the mail. He then wanted me to endorse the check then mail it to him so that he can open an IRA with Primerca... As a dumbass, I went ahead and requested the check which I received a week ago and currently have in my possession. I decided to do some research about Primerica last night and did not read good things about them. After speaking to Vanguard and Charles Schwab brokers, I found out that using a physical check to open an IRA is not possible. An inherited IRA can only be continued if it is done as a firm to firm transfer. I called Lincoln and they are unable to undo the distribution. So now I have this check and have no idea what to do with it. It seems like I'm going to get fucked by taxes at the end of the year... and now I realize that I am now screwed out of being able to rollover the IRA. Should I deposit the check into my checking account and invest it with Schwab or Vanguard? Need advice! [link] [comments]  |
| Posted: 07 Nov 2019 06:11 PM PST My wife and I both work and make similar income. We have been married for 4 years and have been filing taxes separately. It looks like the limit for Roth ira contributions for married filing seperate is 10k. This makes both of us ineligible for contributing directly to an Roth IRA . Some info about us. Both of us contribute to our company 401k. Neither one of us have an IRA or Roth IRA. I would like to set up an Roth IRA for both of us and fund it. My plan: I currently have my 401k with fidelity. I assume I would owe no taxes on this conversion and will have an 6k in my Roth IRA to invest. If my wife opens her own fidelity account she would be able to do the same thing and we would have 12k between the 2 of us in 2 Roth IRA accounts this year. Did I miss anything ? Thank you for your help. [link] [comments]  |
| Just realized I messed up my tax return on the 1040NR-EZ. It it too late to get fixed? Posted: 07 Nov 2019 08:02 PM PST I just realized that I did the math wrong my tax, and wrote down my total tax as x% of my total taxable income instead of breaking it down into brackets and calculating the tax where x was the percentage in the higher bracket. Is it too late to correct it? [link] [comments]  |
| Posted: 07 Nov 2019 10:43 AM PST Hi, My partner just received notice that her former landlord (located in middle Tennessee, USA) is going to charge her around $800 to replace her refrigerator in the apartment. The unit was fully functional and spotless when she and I moved her out of her previous apartment around 2 months ago. They also sprayed for insects (which apparently they did not do regularly as per the contract while she was living in the apartment). We received no images of the unit. No itemized statement, detailing specific charges. I was wondering if anyone had any advise on the situation beyond, pay the bill (which my partner is financially able to cover). I should add here, before advancing, that my partner has anxiety, particularly with regard to financial matters, having - like myself - been poor most of her youth. I have looked a section of the renter's contract (and will look further). Are there any relevant TN state policies/protections, basically anything that you would suggest I look into? From my limited research this morning, it seems that this apartment complex (a Berkshire community) has a history of doing this to tenants after they move out. Anyway advise or info would be much appreciated. This isn't my hill to die on, so to speak, I just want to be more informed about the situation and to help my very anxious partner out in this stressful exchange. [link] [comments]  |
| DoNotCall violations settlement being mailed out to people. Posted: 07 Nov 2019 09:43 AM PST Many tele-marketers have been ignoring the Do Not Call list, and so they have been sued. I received a letter from the class action lawsuit. You guys may too, so keep an eye out for it. [link] [comments]  |
| Posted: 07 Nov 2019 07:35 PM PST My sister was scammed out of $4k from just a phone call. She called me in hysterics about how she just realized she got scammed and I thought I'd share the story for anyone out there who might encounter the same thing. This is the shortened version with mostly irrelevant small details omitted. The scammers called from a spoofed number that replicated her campus (she goes to college out of state) emergency number. She answered and the man on the line asked if she was (insert name here) residing at (insert address here). She was taken aback but said yes, and they proceeded to inform her that her SSN was suspended and was stolen and being used by 2 individuals in a bordering city to Mexico in Texas. We used to live in this city which is what piqued her attention. They told her that there were currently 2 warrants out for her arrest, as her SSN was tied to drug trafficking and other related crimes committed in the area, and that the police would come to arrest her so she should put her money into a government holding facility so it was safe and secure until they could confirm that her identity was stolen and she didn't commit these crimes She was transferred to another person who gave her a fake name and badge number and even the precinct in which he was located, which is what compelled her to trust everything he said. He confirmed that there were warrants out for her arrest and it would be safest for her identity and money if she gave him all that information so it could be placed on a secure government hold. He began asking her what bank accounts/cards she had access to and what the balances/limits were on them, but didn't ask her for her full SSN or even the card #'s/PINs and account numbers/logins. She gave them all of that information and when she told them about the card attached to an account she rarely used which contained only $16, they pretty much told her, "yeah forget it, we don't need that one," and only wanted to talk about the account with her savings and the credit cards she has. She told them that there was about $3k in her savings, and they asked if she could move it to her checking account so it could be transferred onto prepaid cards and then given to them through those cards, as they didn't have access to pull them out of her account. It's worth mentioning that she's a film student who has been saving every last cent for the past 2 years to put toward her senior feature film project. The CC's she had access to were not ~technically~ hers, they are in our grandmothers name and she's a co-signer on one of them, but was just borrowing the other. She usually only uses them after asking prior. She was obviously panicking and admittedly asking a billion questions because it didn't make sense to her. She asked them if she should call her mom, and they told her that it was illegal to call anyone or tell anyone about the call she was on currently and what'd they'd discussed, which threw her into more of a panic. They told her that the police had already been dispatched, so they were already on her way to arrest her regardless of whether she hung up or not. That if she didn't believe them, she could hang up and call the same number they called from. Again, this number was spoofed and did appear the same as campus emergency, so if she did redial it, she would in fact get campus emergency. She finally complied from fear and under the false pretense of arrest and stayed on the line with them as she went to 4 different stores to buy $500 gift cards: $1.5k in one store (from her savings), $1.5k in another (from her savings), and $500 at two additional (from grandmas CC). She then gave them the numbers to these cards and they hung up on her. The consequences of her actions finally began to dawn on her and she went into absolute hysterics. She immediately began calling us and said she gave them everything. We all took this as her giving them her SSN, card number/PINs and account numbers/logins. We all began reaching out to the fraud departments for the card companies to reverse the damage and were going to get social security involved to freeze her SSN and credit. Upon further conversation once she calmed down and we could understand her better, she revealed that she didn't give them any personal information, only the numbers of the cards that she'd purchased that contained all her money. We basically had to stop in our tracks, as fraud wasn't technically committed since she made these purchases herself... They used fear to force her into becoming their pawn then proceeded to scam her for all she was worth. This is absolutely horrific to my family, especially considering the fact that ways to avoid this have been engrained in our heads ALL OUR LIVES since it's what our mother does for a living AND she waited over 4 hours to reach out to anyone about what'd happened. Obviously (and sadly) this is the short, topical version of the story. But it just goes to show that these people really know how to use extreme fear mongering tactics to hook unsuspecting individuals into their scams. Stay careful out there and NEVER give anyone your information! You will NEVER get a call saying there is a warrant out for your arrest, the police will just show up and arrest you. You will NEVER get a call from the IRS or your bank asking for your entire social and all of your bank information; you'll receive official letters in the mail first, and can personally call your bank with the number on the back of your card. Always pay attention to the red flags and don't ignore them! If you EVER doubt anything being told to you, HANG UP and CHECK WITH ANOTHER PERSON. Everyone who needs to know your information already has it. If something seems fishy, react accordingly and apologize later if it turns out you were wrong. [link] [comments]  |
| "tax free" salary from foreign company , US citizen, job in Dubai, company based in EU Posted: 07 Nov 2019 12:29 PM PST I received an "interesting" job interview invitation. The job is on-site in Dubai working for a German company. They are advertising "tax free" salary, paid monthly and the figure they gave me is in Euros. I am a US citizen and this job move is purely hypothetical at this point but I'm just wondering what the tax implications would even be. Thanks! [link] [comments]  |
| Balance transfer causing dip in credit score Posted: 07 Nov 2019 07:16 PM PST Did a transfer balance. Basically took a huge portion of card A's balance to card B with a 0% APR for 12 months. I know it takes several weeks to process sometimes, but the balance has transferred onto B, but A still has that balance on it. It's caused my credit score to drop 45 points. I've never done a balance transfer before. Is the balance on A temporary? Will it eventually update to reflect the balance? Or do I need to notify A's bank? [link] [comments]  |
| Posted: 07 Nov 2019 07:08 PM PST I accidentally contributed 10% of my first paycheck into a voluntary 457(b) plan. Little did I know that the annual fee will slowly eat up that money. Is there any way to get the money out or am I SOL? I called Fidelity and they said that a rollover or withdrawal wasn't an option. [link] [comments]  |
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