Personal Finance (CA)My dead grandmother lost a $34,000 CD. How do I find it? |
- (CA)My dead grandmother lost a $34,000 CD. How do I find it?
- Scam Attempt Alert: “Bank” calling to authorize a transaction
- Expecting parents to kick me out soon and I will have $7.3k saved up after doing my six months internship
- Form 1099-R indicates early withdrawal for Roth IRA contributions
- 20, put my first $500 away out of check for $1000/month savings goal
- $9,000 in collections
- Drowning in $12,000 credit card debt. Pretty hopelessly. Any advice appreciated.
- Credit Score 700, $20 in bank, starting a new job tomorrow but I need to come up with $700 for rent by Feb. 3rd. Any suggestions?
- I went to the ER Thursday with a spinal injury I don't know when I will be able to return to work. What should I do (Los Angeles)
- Buying new home before selling current home. What's the best way to go about this?
- Possible negative aspects of US-Italian citizenship?
- Will the assessed value of property automatically match the new sale price?
- Bank gives me 0% interest, how do I invest (and diversify) EUR10,000 in financial markets?
- After years of school finally got a job and would like to eventually prepare to take care of my parents/siblings in the future.
- Mortgage question: paying principal vs. refinancing
- Medi-Cal health insurance. I'm a substitute teacher. I make over the monthly limit sometimes, but I'm still under the yearly limit. Help
- Sub savings vs multiple savings accounts
- Can my partner claim me on her tax return?
- Will lose medi-cal insurance this summer due to internship, other options for student?
- What sensitive information should i redact on my Earnings Statement?
- Just found out there is unclaimed properties in my deceased mother's name; what do I do to obtain?
- 28yr old waitress interested in learning how to save long term.
- My Mom would like to retire in 2-3 years -- how should she manage her debt now?
- Should I (17yo) file my taxes for this year?
- High Yield Savings for High Balance?
| (CA)My dead grandmother lost a $34,000 CD. How do I find it? Posted: 25 Jan 2020 03:19 PM PST My grandmother opened a bank account in the early 1990s at a big national bank with my father as power of attorney. She then put a bunch of money into a CD (at 4.95%, wow) Sometime later in the 1990s this bank account was closed, but nobody knows what happened to the money, or remembers. We have a deposit book. We have the letters confirming the opening of this account. We even have the debit card. The California Comptroller's office does not have this money escheated under her name or my father's name. Grandma is now dead and father is completely clueless as to what to do to locate this money. What do, Reddit? [link] [comments]  |
| Scam Attempt Alert: “Bank” calling to authorize a transaction Posted: 25 Jan 2020 02:09 PM PST Hi everyone! I'm writing this to tell you about a scam attempt we avoided last week. It all started when we got a legitimate call from our bank saying that there was a suspicious transanction in Kentucky, when we were actually in California. They didn't ask for any data, I just said "that's not me" and they offered to block the debit card and that was it. 2 days later, we get a call from our bank's fraud department saying that there was suspicious activity on our card, and that they wanted to verify if it was ours (two transactions, a small one and a 1K transactions at Target). The guy over the phone sounded a little sketchy, and was definitely trying to get us to feel urgency. After saying "Ok, let's block the card" he said he was going to send us a 2-factor authentication code to our phone. I denied the request and hung up. He called again, asking for the same stuff, I asked how I could verify he was from the bank and he replied that the number he was calling from was the same as the number in the back of my credit card. He was right, but I know numbers can be spoofed. I put him on hold and called the bank on another phone we had and when they picked up, I hung up again on the scammer. He called 6 MORE TIMES, while I was talking to the bank. The real bank associate was super chilled, congratulated me on being aware and not giving any data over the phone, and proceeded to check that everything was in order. In short, if your bank is calling and they are asking for information, even if it's just a 2FA code, hang up and call the bank yourselves! If I hadn't blocked my card two days earlier or if I didn't have my super-smart wife with me at that time, I probably would have been reporting a fraud the next day [link] [comments]  |
| Posted: 25 Jan 2020 06:52 AM PST I'm an 18 yr old with $4.5k saved up as of now. After my six months internship this spring, I will have a total of $7.3k saved up by 6/10/20. In the summer, I have a job lined up for me and all I have to do is call the chief up and ask for that job. I want to get an apartment in 6 months so I can go to school and work. I know my narcissistic parents are going to kick me out, as they have tried more than a million times. It's not like it's the best place in the world to be as a kid anyway. I'm just sick of it.. They never helped pay for anything in my life expect for food and shelter (both of which I'm grateful for) and I always had to do my own thing and raise myself since I was 15. I had to pay for college, plus books, plus literally everything I own. I want to prove it to them they were wrong about me and now, they lost a son However, I also want to get a cheap car so I can get around places and find even better jobs. Do you think buying a car is even in my radar? I really have no other options but to get an apartment this summer and all I have to do is focus on my career. It sucks that I have to grow up young, but I will try to manage What would you do? [link] [comments]  |
| Form 1099-R indicates early withdrawal for Roth IRA contributions Posted: 25 Jan 2020 05:10 AM PST I withdrew $40,000 from my Roth IRA which was opened in 2014 and were contributions only (no withdrawal of gains). In my 1099-R form it indicates code J which is an early withdrawal with no known exceptions. Going through Turbotax it increased my state amount owed by $2,000 and $0 for Federal. I've searched online and lots of people had this question but it never gave clear guidance on what to do. Should I call Vanguard to re-send the form with the code updated to indicate code Q which is a qualified distribution? Edit. State is NJ [link] [comments]  |
| 20, put my first $500 away out of check for $1000/month savings goal Posted: 25 Jan 2020 02:04 AM PST Like the title states, I went to the bank and pulled out cash (personally I feel like it's easier to do this and stash it away and forget rather than keep it in my bank account). I'm a (recently promoted) car detailer, first check was for $1155, second one I'm expecting $1300-$1400. Right now I'm just living with my parents (which is definitely helpful), but I'm still paying roughly $775 in monthly expenses. These expenses will drop here shortly, and I can then replace them with an impending rent. I suspect I might be able to save a little more as time goes on with the new title, but I'm comfortable with this goal for at least a year, and hoping to continue this new (and exciting) endeavor. Once I hit a goal of ~10k, I'm going to begin seeking investment opportunities. Totally do-able in the year 2020! Edit: grammar [link] [comments]  |
| Posted: 25 Jan 2020 03:55 AM PST Hi all, I've been battling with fixing my credit for a while now. I got in some trouble when I was a little younger and everything I was paying I had stopped and it all slipped into collections. I have 6 accounts in collections totaling $9,000. I have no other credit cards or loans and my credit score is a 557. Fortunately, all of the debt was assigned to the same collection agency. Most of this debt is now 3-4 years old. Should I contact the collection agency on my own or should I hire a credit counselor? I'm not sure the best way to approach this mess I made. I need to find a place to live soon. I have $6,000 in my savings but my credit history is holding me back. Any advice or input is greatly appreciated. [link] [comments]  |
| Drowning in $12,000 credit card debt. Pretty hopelessly. Any advice appreciated. Posted: 25 Jan 2020 05:14 PM PST Alright, so I'm pretty embarrassed to say the least. About 4 years ago I claimed bankruptcy, I had got ill in my early 20s unexpectedly and all my utilities got racked up, medical bills, and a few small credit cards. I was getting sued by a collection company and they were moving to garnish wages. So I claimed bankruptcy at age 26. All was well after that I got a small credit card and built my score back up to about 700. However, my mom almost immediately after had an accident and had no income for a while. She is now on disability but that was a lengthy process. So because I was always paying in full and repaired my credit my lines got bumped up rather quickly. I think writhin a year. I should have known better. But I was trying to support myself and my mother on $17 an hour. Which isn't an easy feat in Rhode Island. So credit cards became my option for many things. Because we needed, food, electricity, and other essentials. Don't get me wrong some of that spending wasn't the brightest. I am not innocent in the matter. Anyways, I'm now stuck spinning my wheels in the mud. I'm pretty much only making minimum payments and the interest is killing me. I'm not making any traction. Only paying the minimum is leaving me with like $100 to feed myself and buy gas for two weeks. (I'm paid biweekly) Which as you can imagine is damn near impossible. I can't get approved for consolidation loans. I know that it can hurt your credit but I closed anything with available credit so I would stop making it worse for myself and closed all but one card. The only thing I can think to do at this point is just stop paying. I hate to do that though. My on time payments are at 100% on my credit report for the last 7 years. And I know they can then garnish my wages. There has to be a better way. I just don't know what I can do to get this debt down. Here is a break down of my expenses I'm paid $2k a month for take home I luckily am now renting an in-law apt from family and only pay $375 As you can see it's around $1,739 Only thing I can cut is internet and cable which I'm planning on but still that isn't giving me much here. I'm not getting much back for taxes and I'm planning on using that to pay towards debt but I'll only have roughly maybe $1700. Edit: To add to the post I have been trying to get a second job. I've been on a couple of interviews. However my options are limited unfortunately. I work presently making $19.61hr M-F (Saturday every 5weeks) 10:30-7pm. I have some medical issues that require a job where I'm mostly sitting. I also don't think that I can get rid of this car. I only got it in November. I live in an area with very limited public transportation and only was able to come up with about $500 when my 2001 car's engine went. I didn't want a car loan but I wasn't in a good position. [link] [comments]  |
| Posted: 25 Jan 2020 12:28 PM PST hey y'all, i'm mainly a lurker but i could use some help. my life's been a little wild and i've been unemployed for the past three months. i was wondering if there's anywhere i could get a loan to pay for rent without any paystubs yet. i have no one in my life i could ask to borrow from and i'm worried about my roommates getting evict because of my financial irresponsibility. i just don't know what to do and need help, thank you. [link] [comments]  |
| Posted: 25 Jan 2020 04:24 PM PST I rent a room for 800 a month Usually I make 3k a month after taxes. Salary Every dollar goes into expenses 401k Roth IRA and savings I have 10k in my emergency fund No credit card debt And 40k in credit available to me. I have 5 days of PTO I can use. 1 what do I need to do to protect me from losing my job. 2 what can I do to minimize the financial hit. I have ok insurance but I'm already out a couple hundred dollars I know. Los Angeles California. [link] [comments]  |
| Buying new home before selling current home. What's the best way to go about this? Posted: 25 Jan 2020 05:08 AM PST We're looking to downgrade our current home to something smaller, cheaper and more manageable. We currently have about 85-100k equity in our current home. We're looking at houses in the 120k-140k price range. The plan is to completely pay off the new home once our current home sells. I have enough savings to cover the difference. I've read websites warning against bridge loans. I'm not sure if that's the best way to go. A contingency sale would be another option but there's a lot of factors there as well. Maybe the seller of the home we want wouldn't agree to those terms for instance. Another option (which I'm not sure is an option) would be a home equity loan to cover the costs to buy the new home and then sell our current home. Thanks for any advice and recommendations [link] [comments]  |
| Possible negative aspects of US-Italian citizenship? Posted: 25 Jan 2020 03:49 AM PST Hi PF, My wife and I are natural born US citizens. Due to Italian Nationality Law, my wife is eligible for Italian citizenship (as well as our minor children). There are potential benefits to this, but beyond the initial cost, are you aware of any disadvantages to holding dual citizenship (even if it is dormant)? Thank you!! [link] [comments]  |
| Will the assessed value of property automatically match the new sale price? Posted: 25 Jan 2020 03:03 PM PST First time home buyer here looking at several homes. One in particular has a 400k listed price and 200k assessed value per the county website. so property taxes come out to be around 4500. Let say someone buys the house at 400k, will the assessed price automatically match that of the most recent sale price? Edit: This is for Pennsylvania if that helps [link] [comments]  |
| Bank gives me 0% interest, how do I invest (and diversify) EUR10,000 in financial markets? Posted: 25 Jan 2020 05:12 AM PST Hi all, I have about 10k to invest. I already own several stocks but I want this to be invested in a way that it bears minimum risk. How do I find out how much weight I should give to each investment? E.g. do I put 20% in S&P 500, 20% in emerging markets,...? Should I only buy indexes/ETFs and if so which ones are best for this? Any advice is welcome, thank you [link] [comments]  |
| Posted: 25 Jan 2020 11:13 AM PST throwaway so I can try and be as specific as possible without someone finding out who I am 3 months ago I started working and realized I have no idea about building wealth or just generally what to do with my money. I am considering just hiring someone to take care of all this but if I can do it myself I figured why not My biggest goals right using are to use the money I make to set me and my family up in the future. (my folks can't work forever and I expect them to retire in 10ish years. Right now I'm just putting the money into a basic bank account I've had since my high school years. My current salary is 120,000 a year. I expect this to go up slightly year on year however unless I switch to owning my own practice I'm probably capped at 130k My current expenses are as followed with income of 120,000 a year -1 Bdrm apt rent- 600 a month including gas and water (love living in Johnson City) -internet - 39.99 a month -electric - 45.39 (last bill) -gas for my car - around 100ish dollars a month -Groceries - 400ish a month -Eating out once a week - 80 a month (usually less because of dollar slices but lets say 20 a week) -planet fitness - 10 a month (45 admin fee a year) -xbox ultimate game pass subscription - 15 dollars a month -Student loans(50k in total) - 1000 a month as of right now -health/dental insurance - 300 a month? (just signed up and it kicks in next month so not exactly sure) Any help would be appreciated as throwing the left over money into my bank account seems like the worst option if I am trying to set myself up for the future. Thanks in advance [link] [comments]  |
| Mortgage question: paying principal vs. refinancing Posted: 25 Jan 2020 05:52 PM PST Total still due on mortgage: 128,000 Terms: 30 yr fixed at 3.5% Status: 5 years in Now paying additional 200 on minimum 950 payment. I don't know the exact math, but would it be better to refinance to a 15 yr fixed rate? According the the mortgage calculator I will still pay off in 20 more years. On my current budget I can afford 1200 - 1300 / month. [link] [comments]  |
| Posted: 25 Jan 2020 07:16 PM PST Here's what's up. I sometimes make more than 1440 a month, but because I have so much time off (winter break, spring, summer, holidays) I make less than 15k a year. So can I still get medi-cal? I'm sometimes over the monthly limit, but I'm still below the yearly limit. I hope that makes sense. [link] [comments]  |
| Sub savings vs multiple savings accounts Posted: 25 Jan 2020 04:09 PM PST I've just finished "I Will Teach You to be Rich" from the sidebar's recommendation and I'm looking to set up some sub savings accounts for different savings goals. The author recommends capital one or AMEX I believe for HYSA. I have a Discover savings which has the same interest as the others from what I'm seeing. However I can't create sub savings accounts with Discover. I can create multiple Savings accounts and name them whatever I want which seems to accomplish the same goal. My question is: does opening multiple savings accounts affect my credit rating or something else I'm not thinking of in a negative way? Is this a fine solution to creating sub savings? I'd like to stay with discover if possible due to my CC being through them and it's nice to see everything in one interface. [link] [comments]  |
| Can my partner claim me on her tax return? Posted: 25 Jan 2020 06:21 PM PST I am a 20 year old full time college student who lives with my partner. She is the breadwinner and pays for 70-85% of the rent and has since we moved into the apartment during June. I haven't gotten 1 of my W2's yet, but I don't believe I've made over $4,200 in 2019. She supports me in every way transportation, bills, rent, etc. my father is the one who suggested she claims me over him because it would help us (he thinks). She is a freelance software developer, so she isn't taxed directly and will be owing the government. Edit: we are not married [link] [comments]  |
| Will lose medi-cal insurance this summer due to internship, other options for student? Posted: 25 Jan 2020 06:12 PM PST Hello, so I currently receive medi-cal and I got into a summer internship which will be paying about 500/week in the form of a stipend. This will mean I will be over the 1300 something per month limit. What options do I have for insurance? any suggestions? I'm 19 and live in California. Pretty healthy but I'd like to have some coverage during the 10 weeks i will be away. I understand that I would qualify for the Silver enhanced 94 plan, but this doesn't seem to cover anything that is out of network. I will be outside of California for my entire internship. [link] [comments]  |
| What sensitive information should i redact on my Earnings Statement? Posted: 25 Jan 2020 07:57 PM PST I am currently compiling my recent Earnings Statements to apply for appartments, and I am not exactly sure what information I should black out on the statements. I work for a canadian company in the US. Sorry for the lame question, and thanks in advance! [link] [comments]  |
| Just found out there is unclaimed properties in my deceased mother's name; what do I do to obtain? Posted: 25 Jan 2020 07:43 PM PST I just searched the Unclaimed Properties site and found out that my mother, who passed away a few years ago, had a Savings account in both her name and my own, along with various other properties that are currently unclaimed. I am in the process of getting her death certificate to prove I am her son; since her properties show her as the owner and all, what else would I have to do in regards to obtaining? I also have an old utility bill from when I had lived there with her and my family at the time as proof. Is there anything else I would need? EDIT: Am 31, live in IL, if that gives a bit more insight. Had already begun the process of one of the properties as it is a Savings account in both her and my name. A few seem to be life insurance-related as well. [link] [comments]  |
| 28yr old waitress interested in learning how to save long term. Posted: 25 Jan 2020 01:42 PM PST I was never taught financial management and could really use some advice. As a waitress, I obviously do not have a 401k nor do I know anything about where to begin. I currently have a little over 1k in saving and never have an issue with paying any bills and rent on time. For the last few years I have split my tax return between actual money and Series I Bonds. I don't even know if that will one day help a little but it was recommended I do so - figured it cannot hurt? Honestly, I cannot see myself affording to retire and while some look down upon my line of work, I love my job and make great money. The money is the only reason I deal without employer insurance, retirement plans or sick days, etc. I am interested in saving for when the times comes that I may not be able to work for whatever legitamite reasons, in case of an emergency or [my least concern] potentially owning a home - if that's possible being a waitress as I don't have a real income per se reflected on my pay stubs. Thank you and I really appreciate any and all help. Please let me know if more information is needed. [link] [comments]  |
| My Mom would like to retire in 2-3 years -- how should she manage her debt now? Posted: 25 Jan 2020 06:50 AM PST Hi Everyone. Long time lurker in PF, really appreciate everyone here and all the advice you've given. I want to help my mom who is nearing retirement, but can't seem to stop spending above her means. She is 61, has $456k in her 401k. Also has a pension that she can cash out for $84.5k at 62. Current salary is $75k and she is still contributing to 401k/HSA, but everything else (outside of mortgage/car/food/etc.) is eaten up by the following debt. Credit score is 700-720. Has the following high-interest debt: PLUS loan - $30413, 6.125%, Credit Card 1 - $271, 25% Credit Card 2 - $1345, 25% Credit Card 3 - $1500, 25% Credit Card 4 - $2000, 25% Credit Card 5 - $5985, 7.99% Loan Consolidation - $6758, 11.69% Loan for house project - $605, 9.90% Personal Loan - $1143, 9.24% She recognizes that she has an issue here, and with retirement nearing I think it's clicking that she needs to get this under control. Two ideas we were floating this morning, 1.) Go for a 0% balance transfer card to get the credit card debt under control and make a plan to pay it down within the allowed period, and 2.) Take a 401k loan @ 6.00% for $39k, and use that money to pay off all the high-interest debt. Would a combination of those two strategies be best? Any other ideas we're not thinking of? Again, thanks to everyone who contributes to this awesome resource. EDIT for clarification: She currently has a mortgage and car payment as well, which is why she isn't able to just wipe out the CC debt in a month or two with her relatively high income [link] [comments]  |
| Should I (17yo) file my taxes for this year? Posted: 25 Jan 2020 03:47 PM PST So I started a job at Starbucks a couple of months ago and racked up $3600 in taxable income, I know I don't have to file my W2 but my co worker told me that when she filed it when she was under 18, her parents received an additional $1000 for her. Can I get some insight on this? [link] [comments]  |
| High Yield Savings for High Balance? Posted: 25 Jan 2020 07:30 AM PST Looking for advice. I have $250,000 in a low interest account and looking to move to higher interest savings - want to keep liquid for down payment on house, birth of child, and emergency fund. Should I move to a high yield savings? If so, suggestions on a good one for high balance like this? [link] [comments]  |
| You are subscribed to email updates from Personal Finance. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment