Personal Finance Is it insane to switch jobs right now? |
- Is it insane to switch jobs right now?
- Chase refuses to offer any assistance for Mortgage customers.
- Boss says come to work regardless what govenor says
- Today I received validation to live below my means
- Last summer I bought put-options and I suddenly have 400% profit. What does a ban on short selling actually mean?
- A lot of companies are saying they won't charge late fees for at least the next 2 months, if I decided not to pay would that still hurt my credit ?
- $28K Stolen from Checking Account
- [USA, CO] Employer hasn't contributed to my 401k account in 55 days
- Ethical question
- Our companies entire staff was laid off and told to go on unemployment.questuon about vacation.
- Chase Waved my credit card interest this month.
- Can I claim my home internet/utility bills as a business expense while I am being forced to work from home?
- Sharing some motivation I've needed a few of these days: stay in the game. You only lose money when you sell. Keep everything exactly where it is - if anything, put more in as you can.
- Friends dad has passed away with hidden bank accounts and life insurance policy
- How are my friends sustaining their financial lifestyle? I don’t even understand how it’s physically possible.
- Are roth contributions also pushed to July 15 - the new tax deadline?
- I sent IRS my additional information. Now what?
- Is now a bad time to buy a house?
- Hit by an uninsured motorist, need your advice on how to proceed.
- Debt Collector sent me a notice, I never received a bill in the first place. What will this do to my credit?
- Anything to consider regarding maxing out 2019 Roth IRA contribution now?
- My unoccupied 2012 Honda Civic was totalled by an AmaZon delivery van. I have questions.
- Opening a money market account question
| Is it insane to switch jobs right now? Posted: 23 Mar 2020 08:30 AM PDT So I was aggressively job hunting right when all this happened. I have some solid, promising leads that are still moving forward. If I get a job offer (at my dream company) in the coming week or two, is it just lunacy to make a move right now? I am really hating what I'm doing but the work is steady for now and I can work remotely, even if it does drain my soul. EDIT ; thanks for all your perspectives. Can't reply to them all individually as I'm working right now but I definitely appreciate your time and attention. OFF WORK EDIT: Well this got some attention. I'll try and answer direct questions as best I can. Regarding details: I'm keeping them vague for anonymity but it's a fair bet the industry I'm in now (largely servicing grocery stores) is more stable than the one I would be headed to (outdoor equipment manufacturing). Thanks, again, to everyone for the time and perspectives! If I am offered a position after the interview process (beginning tomorrow), there will be lengthy discussion about assurances and protection during the transition, taking into account everything mentioned here. [link] [comments]  |
| Chase refuses to offer any assistance for Mortgage customers. Posted: 23 Mar 2020 10:06 AM PDT Im in Michigan, where they just announced a 3 week stay at home order, and my job is not considered essential. Like the title says. I called Chase, who I've banked with for over a decade and refinanced my Mortgage with in 2017, to find out about deferred Mortgage payments, as several of my Friends have said they've done successfully with their Bank. All Chase is offering is to not report to my credit for the next 90 days if I have late payments. Nearly every other major mortgage provider is deferring payments for their customers due to the ongoing COVID-19. Am I missing something here? They did say I could apply for a Mortgage hardship program, and "see if an investor will allow a change". However, I don't think people should be having to do this at this time. I'm especially frustrated because I've talked to several people who told me they simply had to call their bank and the bank, understanding the situation, took care of them. I'm not in a unique situation, most everyone will be impacted in their ability to make mortgage payments. Just to be clear, so no one misunderstands, I'm (we're) not asking to just skip payments, but simply push them back to the end of the loan. From people that I've talked to, and articles I've read, this shouldn't be this difficult. If this is not the appropriate place to post something like this please let me know. Chase's facebook page is flooded with people saying the same things. [link] [comments]  |
| Boss says come to work regardless what govenor says Posted: 23 Mar 2020 03:16 PM PDT So I live in Washington State. There are rumors we will go into a mandatory stay at home for 2 weeks today(3.23.20). My boss told everyone regardless what the govenor says, we are still working. I work for a lumber mill. Now I'm not trying to lose my job, or get in trouble with the law, what should I do? *Edit 1: So the mill I work at sends wood chips to paper companies to make toilet paper. So we are deemed essential. [link] [comments]  |
| Today I received validation to live below my means Posted: 23 Mar 2020 01:04 PM PDT Due to the outbreak, my Healthcare company is supporting our front lines more by cutting corporate pay by 20% "temporarily" to assist them. I work in IT so 20% is a lot of money that I now have to work out of the budget. Luckily, my car is paid off, I don't carry any debt, and I save a little over 20% every month. I'll be fine. It means I can't buy the occasional video game or takeout meal or stupid random bullshit on Amazon for now. As a message to everyone out there who is living at or above your means, consider what would happen if YOUR company suddenly cut your pay 20%, even temporarily. Would you have to dip into savings? Do you have savings to dip into? Be careful, it can happen to anyone [link] [comments]  |
| Posted: 23 Mar 2020 06:54 AM PDT I'm from the Netherlands and last summer I figured we've had such a long time of prosperity, that it's only logical that the next crisis must be around the corner. So I bought some put-options with a two year expiry on the AEX index. This Corona situation is obviously not what I hoped for and it seems horrible to be profiting from all these dying people, but here I am with a 400% profit on my initial investment. Recently some European countries (Italy, Spain) have put a ban on Short Selling, and as far as I know, buying put-options is a form of short selling. It hasn't been banned in the Netherlands yet, but I now wonder what a "ban" would mean for my situation. Would it mean I can't sell the option contract anymore and I can only execute it at the expiry time? Or would it mean that the whole thing would become worthless? Or would it mean yet something else? [link] [comments]  |
| Posted: 23 Mar 2020 05:19 AM PDT Question is in the title. With COVID-19 forcing many places to waive any late fees I wonder what that means for credit history? [link] [comments]  |
| $28K Stolen from Checking Account Posted: 23 Mar 2020 02:26 PM PDT Hey all - Wanted some advice on what to do. I logged into my TD account (NY-based) yesterday and found ~$28k missing from my account. The only reason I even had that kind of cash available is because I just moved to the US from Canada, and had to liquidate all of my assets for the move. The account was drained over the previous 48 hours. There were three types of debited transactions:
The bank has opened a fraud claim for the online payments (#1 and #2), and told me they would take 10 business days to process. For the checks (#3) they are telling me it may take up to 180 days to receive the funds back. So far, the bank has made me sign an affidavit and said that all I can do is wait for the investigation to be completed. The checks are blatant counterfeits, and were even acknowledged as fakes by the TD rep. The checks are signed and paid by the same person, and do not even have my name on them. They have photoshopped the check number and the account information at the bottom to match mine. What actions or next steps can I take against the bank? I am out 28k, have rent and bill payments coming up, and no one at the bank is able to help me. I tried to contact a branch manager, but all of the NY branches are either shut, or have their phones off because of COVID-19. Any advice is helpful. [link] [comments]  |
| [USA, CO] Employer hasn't contributed to my 401k account in 55 days Posted: 23 Mar 2020 07:54 AM PDT Hi All, My employer has been having some cash flow issues, pay checks are always a week or two late, sometimes they come twice at a time... didn't bother me too much since the paychecks were actually coming in and I figured I might quit before it got too dire since I hadn't gotten a raise in a while(was hoping to max out my 401k before i did that). I just noticed, only $4000 of the $19500 I have contributed to my 401k from my paycheck has actually gone into my vanguard account. I should have had $8000 contributed from the 2 paychecks i received on feb 3rd and then another $7500 from the 2 paychecks i received on march 9th. I spoke to my boss about this and he said that it's happening because we've been staggering payroll for people and the 401k provider doesn't allow for some people to get their contributions while others do not. He is trying to get the provider to let us contribute some of the contributions and is hoping for some big payments from our clients but said he wouldn't know more until later. Basically, I'm concerned that I'm never going to see my $15500 that I'm still owed into my 401k and that the company will collapse in this crashing market. Does anyone know what my recourse is here to get that money? [link] [comments]  |
| Posted: 23 Mar 2020 10:36 AM PDT My financial advisor invested some cash for me in a non-traded REIT. Turns out the he owns the Company, that he described as a REIT, and did not disclose that info to me. As soon as I learned this info,by investigating the company on my own, I requested my $$ be returned at once. I feel this was very shady....am I correct??? [link] [comments]  |
| Our companies entire staff was laid off and told to go on unemployment.questuon about vacation. Posted: 23 Mar 2020 09:05 AM PDT Our companies entire staff was laid off and told to collect unemployment..most of us should go back to work after this virus dies down(amusement park industry in IL) my question is i have 3 weeks vacation I haven't used this year.does my employer owe this to me? If so when? [link] [comments]  |
| Chase Waved my credit card interest this month. Posted: 23 Mar 2020 07:21 PM PDT Hi all I'm on my last 9k in credit card debt and after a 2 HOUR wait , I got the interest for this month waved. As far as I can tell it didn't do anything bad, I've already made my payment this month ( I tend to pay about 1k to 2k per month). I'm down from 25k in credit card debt early last year. I'm gonna go and pay for the all crap I actually didn't pay for way over the last 2 years. Don't buy shit you don't need on credit, YOU WILL REGRET it. Unless it's a train ticket to see a partner, that was worth it. [link] [comments]  |
| Posted: 23 Mar 2020 07:06 AM PDT Can I claim my home internet/utility bills as a business expense while I am being forced to work from home? [link] [comments]  |
| Posted: 23 Mar 2020 04:19 PM PDT I've needed to hear this a few of these days, hope it can offer something to others as well. We're searching for the bottom now. Stay in. Hell, if anything, buy as much as you can (DCA would be recommended if you have extra cash you don't need in 4-5 years) The worst is (probably) over. Stay the course, eyes on the prize. You only lose money when you sell. Use this time to build value for the long climb back up in the coming years. [link] [comments]  |
| Friends dad has passed away with hidden bank accounts and life insurance policy Posted: 23 Mar 2020 05:21 PM PDT I posted this in r/legaladvice as well as I am not sure where this belongs. As the title states my friends dad has passed away recently and is struggling on paying for the funeral. They know he has his own bank accounts and life insurance policy due to fear of his wifes spending. They do not gave any information on these accounts or know how to access these funds as they would be beneficial now. Any advice or points in the right direction would be greatly appreciated. [link] [comments]  |
| Posted: 23 Mar 2020 01:51 PM PDT I feel like every time I talk with my married friends I am awestruck. I'm secondhand stressed over their finances. I do not understand how they think they can afford all this - is there something I don't know? They make 70k combined. He was in the military so they do get a ton of benefits from that. They got a $195k house, which they pay $1200/mo on, I'm sure they got a zero down VA loan understandably. They also have a brand new Jeep SUV and a brand new Chevy Silverado. Just bought a brand new $30k boat "but the payment is only $300/mo". Also bought a $20000 camper. That alone is insane. They just got brand new furniture for their home as well, and the single couch in the living room set was $3k! And recently paid $15k for their wedding. I frankly do not understand. I'm frugal by nature and I get that most people aren't but I'm genuinely scared for them unless someone could enlighten me to how this could be possible? I don't even understand how they get approved for this stuff. And I'm pretty sure they don't have credit card debt. [link] [comments]  |
| Are roth contributions also pushed to July 15 - the new tax deadline? Posted: 23 Mar 2020 04:26 PM PDT Haven't seen anything on this topic yet and since I usually file my taxes pretty early I haven't researched into tax deadline extensions, etc. But does anyone know if we have a little more time now to make roth/retirement contributions now that the tax deadline is pushed to July 15? Side note: what's your take on making contributions in this volatile environment (assuming 6-9 months emergency funds ready, etc.) [link] [comments]  |
| I sent IRS my additional information. Now what? Posted: 23 Mar 2020 06:00 PM PDT I filed my tax using Turbo Tax and forgot about the 1095-A/8962 because last year was my first time using Marketplace. So I got a letter from the IRS asking me to send me those copies. I did and I haven't gotten a confirmation email or anything. What do I need to do at this point and what will happen? [link] [comments]  |
| Is now a bad time to buy a house? Posted: 23 Mar 2020 12:00 PM PDT I need input from more knowledgeable people than myself. My partner and I are in the process of buying a house. We started before all the recent chaos happened, and have gotten increasingly nervous as time has gone on. We're stable in our jobs as far as we know, but there's a lot of uncertainty all around right now. I've heard that recessions don't typically affect housing prices unless housing is the cause of the recession. Does that still hold true as this crisis has deepened with no definite end in sight? I also saw this article earlier. If the predictions here were to come to pass, what would that do to mortgages and/or housing prices? [link] [comments]  |
| Hit by an uninsured motorist, need your advice on how to proceed. Posted: 23 Mar 2020 07:19 PM PDT Hi everyone, I need your advice. My brand new 2020 car 3 months old (payed full in cash from the dealer) was rear ended hard while parked in front of my house by an uninsured motorist. She hit it so hard it bent the rear driver side tire and shoved the front passenger tire into the curb damaging the rim on that side. I am pretty upset because I purchased this car for my wife because it was safe new car that I never had to worry about causing her problems. Now if they repair it, I am always going to be suspicious that the car will have something they missed or isn't fully safe. Not to mention that it will ruin my resale value. If something pops up on the car 4 years down the line, I will always wonder if it had anything to do with the accident. I have the following questions:
I have progressive auto insurance and my coverage include the following: Comprehensive: $500 deductible Collision: $500 deductible Uninsured Motorist: $25,000 each person/$50,000 each accident Bodily Injury & Property Damage Liability: $100,000 each person $300,000 each accident $100,000 each accident Thank you for your help and I would very much appreciate it if you give me the right words to say and the best way to approach it. [link] [comments]  |
| Posted: 23 Mar 2020 04:10 PM PDT In the middle of January, I had cut my finger really badly and had to go to the hospital. The hospital didn't look at my insurance, and just sent me through to get it stitched up. They got my ID, but again never asked for my insurance. I've had medical bills take months before, but I never received a bill. Then today I check my mail and low and behold a bill from a debt collector that I have a past due amount of over $820. I never once received a bill from the hospital and now it's gone to a debt collector. It's not the money that worries me, but it's the long term effects. I never received a bill though, and never got the chance to have it go through insurance. Can I get my insurance to even look at this, or will it take too long and will I be screwed over credit score wise? [link] [comments]  |
| Anything to consider regarding maxing out 2019 Roth IRA contribution now? Posted: 23 Mar 2020 05:12 PM PDT Greetings, PF This year was the first year I've scheduled max contributions to my Roth and HSA. With the recent dip in the market I just sent in $1,200 to my HSA to max out last year's contribution and am considering doing the same for my Roth IRA which still has $2,750 left to cap out 2019. Aside from the HSA and Roth I also have a 401k at work that matches 6% that I'm paying into. My employer also has a 457b plan, but I have not opted into that. I have about $15,000 in the bank which would cover monthly expenses for 5 months or so. The only debt I have is the last of my student loans which is at 4% and has about $14,000 left. It's currently a $160/mo payment. My monthly take home after taxes is about $4,500. Seems to me this is a great opportunity to get some more money in there. I saw this post from earlier this week and wanted to check if there anything I need to be aware of, or any recommendations from you all that I should consider before I do this? Thanks! [link] [comments]  |
| My unoccupied 2012 Honda Civic was totalled by an AmaZon delivery van. I have questions. Posted: 23 Mar 2020 11:38 AM PDT So, the driver was delivering a package on the opposite side of the street, facing my car and the driver didn't put the van in park so it rolled across the street into my car. Amazon's insurance is offering me a 7500ish dollar settlement. The blue book value is consistent with their offer, but the thing that's nagging me is that the driver was 100% at fault and totalled a car that was so reliable and had low milage for its age and now I can't really afford to replace it and will be forced to settle for less. Should I get a lawyer and try for more of a settlement? I've never had to go through this and not sure how lawyer fees work if I should hire one. [link] [comments]  |
| Opening a money market account question Posted: 23 Mar 2020 02:38 PM PDT I've been getting some mixed reviews on this, so i'm looking for some more opinions/advice. With the coronavirus causing all the problems it is, should I open up a money market account, or wait until this passes (which is hopefully soon). Right now i have the money to start up a money market account with my bank. I bank with a small, local credit union that is insured by the NCUA, and the money won't be tied up into a certificate, and it would be a available to me at my request. I'm just getting started in the whole investing/planning thing, so i just want to make sure i'm not making a mistake or taking a huge risk. Thank you for any advice, or wisdom you share in advance! [link] [comments]  |
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