Personal Finance Fill out those class action lawsuit settlement forms you get from time to time. |
- Fill out those class action lawsuit settlement forms you get from time to time.
- Employer saying I need to either work 7-days a week at 10+ hours a day, take a pay cut, or lose my job (restaurant manager). I can't afford any of those (needed home at least part time to care for disabled partner and three children).
- How do I talk to my landlord about not being able to pay my rent this month?
- University cancelled my class. Now no longer eligible for student health insurance.
- About to be a widow-can I live for the next 30 years on our savings?
- Declined job offer a month ago, now they want to talk again
- Parent has an Airline Pension...Scared Company Will Go Under
- Money Market vs Savings right now
- Mortgage lender has been sitting on my loan application for 2 weeks and now the rates are higher, do I have any recourse?
- Going to be switching to tutoring my students online and thinking of the best way to get paid remotely
- Credit score fell due to parents' debt I was unaware of...what to do now
- Call your credit card customer support to waive your next CC payment (and possibly even have interest or other fees waived/refunded)
- I was a child during the 2008 recession and i dont understand much about this type of thing, what can happen to my money in the bank?
- My sister wants to transfer her Wealthfront securities to my brokerage account. Possible?
- Buying a house - should I back out given the current state of things?
- Suggestions for app that scans physical receipts and organizes in monthly folders
- I think I messed up for 2019
- is a 401k early withdrawl of 50k before retirement age taxed at effective tax rate after itemized deductions?
- How much cash should I keep?
- Traditional to Roth IRA with stock market down
- Delayed mortgage payments amounts will still be due after forbearance period
- Which 401a plan would you choose and why? The link is below.
- Defering Tax Payment to July 15
- Investing vs high interest debt
| Fill out those class action lawsuit settlement forms you get from time to time. Posted: 22 Mar 2020 01:50 PM PDT Got a notice a little while ago that I was ID'ed as being able to benefit from a class action lawsuit that got settled. I filled out the form and expected to get about $75. That was 6 months ago. Just opened up the mailbox on Saturday and received $632! Totally awesome and unexpected. I guess they didn't get a lot of responses back and gave people a larger share of the pie. It is worth it to fill out those lawsuit settlement forms when they come once every blue moon. And yes, the lawsuit/settlement is legit - I had my lawyer cousin double check the case for me before sending in my info. [link] [comments]  |
| Posted: 22 Mar 2020 06:56 PM PDT What can I do? I have emails showing my owners laying out plainly their expectations that I work 70+ hours, 7 days a week until this directive to go to take out and delivery only is over. They've also said to me and other managers in their employ on the phone that any manager not willing to work 7 days is "another manager they don't have to worry about." At this point seeing their true character, I have no desire to work for them. And I'm confident I could get another restaurant management job with my experience when places are hiring again. But until then I need my income, and I'm afraid that if I'm fired I won't be able to collect unemployment. At the same time, I absolutely can't work that many hours every day and neglect my responsibilities at home. [link] [comments]  |
| How do I talk to my landlord about not being able to pay my rent this month? Posted: 22 Mar 2020 10:16 AM PDT It was just announced that I won't be able to open my business for two weeks. I'm not gonna have enough to feed myself and pay rent. I've never had to have this conversation before. Could someone give me some tips or just help relieve my anxiety about having to have this conversation? Anything is appreciated. Thank you. [link] [comments]  |
| University cancelled my class. Now no longer eligible for student health insurance. Posted: 22 Mar 2020 05:53 PM PDT My school requires a certain number of credits per term in order to qualify for the student health insurance. One course I was taking was a half-semester course that would have started next week. Due to the cvirus , they cancelled the class and dropped everyone from it. They offered me a refund for the class. But, now I'm no longer eligible for the health insurance since I'm not enrolled in the minimum number of credits. The insurance goes from August-August. I already paid all the premiums since they bill premiums all at once on your student bill. I also maxed out the entire policy (not just the deductible) since I needed a few surgeries and have chronic health issues. In other words, I should have had everything covered 100% between now and August. Now they're kicking me off the plan in a time when I need it the most. [link] [comments]  |
| About to be a widow-can I live for the next 30 years on our savings? Posted: 22 Mar 2020 09:00 AM PDT My husband is in the last stages of cancer, and we are trying to figure out my financial future. After he passes, I will be eligible for 25% of his pension (just under $700/month), and if I am reading correctly, about 80% of his SSI benefit when I turn 60 later this year (about $1,000/month). Not much to live on. BUT, we own our home free and clear, ($250,000-ish). I will not be able to live here on my own, and will have to downsize maybe to a condo and either rent or sell the home. AND we have about $300,000 in a TDA earning a fixed 8% (thank you, honey, for your foresight), $70,000 in a retirement account connected to the stock market, and about $300,000 liquid. So how do I arrange things so I can live comfortably, if frugally, for the next 25 years or so? Do I sell my home? Rent it and live off the rental income? Siphon off the interest from the TDA? Live off the liquid savings and let the TDA. Ride? Buy a small condo? Or rent an apartment? I understand I shouldn't make any big decisions any time soon, but I am exploring my options. Any advice appreciated. [link] [comments]  |
| Declined job offer a month ago, now they want to talk again Posted: 22 Mar 2020 06:39 PM PDT Not sure if this is the right r/ to post in. So a few months back I started to hunt for a new job because I felt like I needed a change. Found company A, went through the whole interview process, I liked what i saw during the process. Told them from the beginning I had a salary expectation. They made an offer a month ago, I declined it because the compensation was below my expectation. It was just not enough for me to leave my current job and awesome benefits. Coincidentally, I was promoted at my current job right around the same time, which increased my compensation. 4 weeks goes by, got an email from company A's HR saying that they want to know if I'm still open and want to talk. I replied back to them that I'm still open and I gave them a new compensation expectation since my baseline has since changed due to the promotion. They wrote back and said the expectation was a lot higher than the high end range of the job, but they're willing to explore it a little more and let me know in a week or so. Part of my feels like I should've just flat out said I'm no longer interested because I feel like this move on their part appears to be "desperate". But then part of me feel like maybe they just really valued what I can bring to the table. Anyhow, because of the whole thing around what appears to be "desperation" on their part, if they come back and say yes we can meet your compensation requirement, I'm not sure if I should jump ship or not... Any thoughts? TL;DR --> rejected a job offer a month ago due to salary lower than expectation. now they want to negotiate. If they can meet my new expectation, should I take it? Thank you in advanced! [link] [comments]  |
| Parent has an Airline Pension...Scared Company Will Go Under Posted: 22 Mar 2020 05:08 PM PDT So, long story short, my mother worked for an airline company, Delta. She retired early, before the company went bankrupt 2005, and her pension survived. She was not a pilot, just a regular employee. I don't know much about the details of the pension, but I'm wondering how screwed would she be if Delta goes kaput, whether now or in the future? She has an old school pension. I don't think she has anything in a 401k. If she does, it's barely peanuts. I take it these types of pensions are not really insured, because I remember seeing the crap shows when my friend's parents were all laid off from PanAM and Eastern when I was younger. I suppose in the worst case, my mom is not completely screwed, only because I will be willing to help her if it came to it. Just worried for her, and everyone else working for the airlines. Trying to see if we have any options, if any. Thank you and best wishes to all. [link] [comments]  |
| Money Market vs Savings right now Posted: 22 Mar 2020 02:31 PM PDT Considering the times, how risky would funds be in MM vs FDIC insured savings? I'm considering moving funds from a MM in Vanguard to a savings account with a large state bank as a level of protection. That protection being access to cash until things blow over. Is my thought process flawed? [link] [comments]  |
| Posted: 22 Mar 2020 03:30 PM PDT I started the process to refinance my house back in late February even before the whole Coronavirus thing hit the US and while rates were low. I gave my lender all the required documents she asked for on the day she asked for them and signed all the paperwork nearly two weeks ago, and according to her, all she had to do was send it to underwriting to be approved and lock my rate. I called a few times over these past two weeks and she kept giving excuses that they were backed up and she'd get to mine. Well, it's now 2 weeks later and she hasn't sent mine over to underwriting yet and rates have now jumped up immensely. Do i have any recourse to get the lower rate since she effectively sat on it for so long? Thanks in advance. [link] [comments]  |
| Posted: 22 Mar 2020 04:09 PM PDT I used to just get a check after every tutoring session but now I can't do that anymore. What are some good platforms that parents can use and I won't lose money to fees? I'm expecting 100 at most a week so nothing major. Thanks. [link] [comments]  |
| Credit score fell due to parents' debt I was unaware of...what to do now Posted: 22 Mar 2020 04:49 PM PDT Hi there, I am a 31F who today was notified that my credit score dropped significantly. I checked the credit websites and my credit had fallen significantly due to a 19k debt. I looked into it and apparently I am listed as an authorized user on one of my parents' credit cards from back when I was maybe even a minor (they dont know when exactly). I understand I should have perhaps seen this account on my credit report sooner, but I did not. They have never carried debt before on this card. Now there is a 19k debt for a credit card I dont physically have a card for, nor can I view the balance or actually pay it directly. I spoke with Equifax, and was told that removing myself from the card now would cause yet another drop in my credit score. Also, not paying ar least 30% of the debt monthly will also cause my credit score to continue tanking. My parents do not have the money to pay off the card (and maybe not the 30% after this month). I could pay it off, but I am not sure I will receive all the money back from my parents. What do you think would be worse for my credit, removing my name from the card now with the 19k debt remaining, or paying off the debt and then removing myself from the card? And for removing a credit account that has likely been on my credit report for 13+ years, how many points am I looking at falling? Thank you for any advice. [link] [comments]  |
| Posted: 22 Mar 2020 07:30 PM PDT Call all your credit card companies and ask to have your payments waived temporarily. I have called all my credit card companies (6+) and all of them are offering to have your monthly payment/due date waived for at least one month, possibly longer depending on how the current situation evolves, but they said to just call back every month as long as needed. I even got Wells Fargo to waive/refund last month's interest charge and an overdraft protection fee on my Propel credit card. Obviously, you don't want to be carrying balances but of course many do and especially now even those who pay off every month MAY have to temporarily carry a balance. [link] [comments]  |
| Posted: 22 Mar 2020 03:26 PM PDT |
| My sister wants to transfer her Wealthfront securities to my brokerage account. Possible? Posted: 22 Mar 2020 06:28 PM PDT My sister is panicking. She's also probably moving to Canada in a couple of years and Wealthfront wouldn't allow her to keep her account when she moves, so she can't hold on to her funds past then anyway. I don't want her to sell now and lock in the losses, so I was wondering if there's a way she can transfer the securities to my brokerage accounts (either Fidelity or Vanguard) without selling them. Either as gifts or in-kind transfers. I'd cash her out at current value and we'd figure out how she can get back her original principal too once the market recovers. Is this a bad idea? The sticking point is her pending move to Canada which would force the liquidation, maybe a year or two from now. I'm telling her to just hold, but this is her first market downturn. I'm learning about ACAT transfers--is that what this would be? If anyone's done something like this and has a simple, straightforward way to do it, I'd love to hear it. [link] [comments]  |
| Buying a house - should I back out given the current state of things? Posted: 22 Mar 2020 08:25 AM PDT For a while now I've been planning on buying my first house this spring. I started looking and recently (last couple of weeks, right before everything really blew up) put an offer on a house, which was accepted. There were multiple offers, so the agreed-upon price is above the asking price. My SO and I live together, but because we're not married and the money for the down payment is all coming from my account, the house would be in my name only. We're not sure this is a forever home, but can see ourselves happy there for at least 5-7 years. My question is - things have changed since the paperwork was signed. I'm nervous about home values dropping due to COVID-19 and ending up with an underwater mortgage or a home valued much lower than I paid for it. I just can't see a scenario where home values go UP right now. If I back out, I stand to lose a pretty significant ($10k) earnest money deposit that I put down as part of my offer. The home inspection turned up a few issues, but I'm not sure if any of them qualify as "significant" enough for me to walk away and get my deposit back. After the down payment (~35% of the purchase price), I'd still have savings that would last about 6 months. My SO and I are not worried about job security at this time, but could afford the monthly payments on one of our incomes in the short term if something were to happen. Friends and family members I've talked about this with don't seem to want to tell me what to do (I get it - it's my money and they don't want to steer me wrong and feel responsible). I'm looking for honest feedback - what would you do? [link] [comments]  |
| Suggestions for app that scans physical receipts and organizes in monthly folders Posted: 22 Mar 2020 03:16 PM PDT Basically the title, I want to be able to scan receipts for purchases and have them organized in folders. If there's OCR capabilities so I can actually analyze my expenses it'd be ever better. [link] [comments]  |
| Posted: 22 Mar 2020 04:28 PM PDT Here's some background info. In 2014, I contributed $5500 to a Roth IRA. Around that time, I was making $30k, so no issues there. No IRA contributions again until 2019. Life can be like that man. For 2019, thinking I was smart, I contributed $3000 into a traditional IRA a week or two ago. Got some of those Vanguard retirement date index funds. I want to put another $3000 in. I'm doing my taxes using FreeTaxUSA.com right now, and it says that none of my traditional IRA contributions would be tax deductible (whether I put $3k or $6k in). I make almost $130k now. What do I do? I still want to contribute $3000 more, but doing it traditional doesn't make any sense if it's not tax deductible. I don't think I should do a Roth IRA either. I don't understand the laws exactly, but it sounds like if you make above $110k, you enter into this "phase out" zone where the tax laws apply to only part of the money. And that's not ideal. Or maybe I make too much and can't do it all. I really don't know. I have heard about a backdoor Roth IRA, but I don't understand them. What should I do? [link] [comments]  |
| Posted: 22 Mar 2020 05:48 PM PDT hello, is a 401k early withdrawl of 50k before retirement age taxed at effective tax rate after itemized deductions? example scenario. married filling jointly california, total gross income $86000.00 combined $152000.00 with total itemized deductions $50000.00 is the 50k added as follows? : total combined $202000.00 effective tax rate after itemization 11.53% total tax $23290.60 and with the additional 10% penalty $5000 the 50k after the penalty is 45k and after the tax is $39235? if not can someone break it down for me. thanks in advance! [link] [comments]  |
| Posted: 22 Mar 2020 07:52 PM PDT So I've been told to have 3-6 months expenses saved. But how much of it should be in cash? In case of identify theft, fraud, Shtf, I feel like I should have some cash. But how much? I'm thinking 1,000 in 10s and 20s. [link] [comments]  |
| Traditional to Roth IRA with stock market down Posted: 22 Mar 2020 05:30 PM PDT With the hit stocks have taken, now seems like a good time to convert traditional IRA accounts into Roth IRAs, since the tax burden is less than it would have been a few months ago. I expect these will eventually recover, and the tax burden of a conversion would rise accordingly. I have $2k in a traditional IRA. My wife has $20k in another. Can I convert just one with no real downside? Or would it be best to convert all of it? We're making too much money to contribute directly to Roth IRAs now, so we're going to have to do backdoor conversions in future years. To avoid the pro rata rule, it sounds like it's advantageous to not have any pre-tax retirement accounts when you do your backdoor conversion. I'm not sure that I fully understand the pro rata rules though. Does it make sense to convert everything now, especially considering backdoor conversion in the future? Thanks for any thoughts. [link] [comments]  |
| Delayed mortgage payments amounts will still be due after forbearance period Posted: 22 Mar 2020 11:14 AM PDT Although most lenders are allowing a forbearance period, the total amount unpaid will still be due and interest will continue to accrue on it : "Be aware, however, that you will need to repay the amount that was reduced or suspended, either as a lump sum or by adding to your [link] [comments]  |
| Which 401a plan would you choose and why? The link is below. Posted: 22 Mar 2020 05:10 PM PDT http://sers.pa.gov/Employees-New.html It seems like the A-5 is safe and the straight investment plan is risky. I do not know much about retirement plans. Thank you. [link] [comments]  |
| Defering Tax Payment to July 15 Posted: 22 Mar 2020 07:06 PM PDT So question for everyone here, I filled my taxes back in Feb and owe the government money. They have since accepted my taxes and my payment is due on April 15th. Given the circumstances with the Corona virus i heard they're extending payment dates to July 15. Since i filled electronically through EZTaxReturn do i have to contact the IRS to have my payment date postponed? [link] [comments]  |
| Investing vs high interest debt Posted: 22 Mar 2020 04:25 PM PDT If the markets end up falling 40-50%+, does it makes sense to start investing money into index funds instead of paying high interest debt? The idea being that if the market is down 50%, that's a return of 100% when the market eventually rebound to it's previous highs (even if it takes 2-3y for that to happen)? A 100% return over 2-3y is far greater than paying 20% interest on debt [link] [comments]  |
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