Personal Finance Scam Alert: Amazon Payments Unclaimed Property |
- Scam Alert: Amazon Payments Unclaimed Property
- too much scholarship money but can’t use it for rent. what do i do???
- Mortgage was sold to a company that charges a fee to make payments
- All of a sudden, I'm going to be making an extra 45k a year. Please help.
- Daughter in over her head
- Lost Immigrant Parents: Two Mortgages, failing businesses, lots of debt. Who can help?
- Asking for a raise after 1 year of work
- Parent, the Grantor, wants to dissolve my sibling's and my Irrevocable Trust to pay off their debt
- Gave my two weeks notice and was fired after because "we are slow".
- Pay cut 19% and now my check is late
- I opened up a Roth IRA with fidelity but I have no idea what to actually do with it
- Do I stay or do I go?
- Can I stop contributing to my ROTH IRA temprarily?
- Best Way to Dispute Ambulance Bill Gone to Collections?
- Do I have any grounds for disputing this medical bill?
- [NC, USA] Can a previous employer take your 401k, sell off your investments, and move it elsewhere without your consent? They lost me $5k from my retirement.
- 25% cut..acceptable?
- Landlord canceled lease night before move-in
- Offered a no-closing cost refinance from lender - trying to figure out the catch?
- Need help removing a joint owner from my Edward Jones account
- I have 10k allocated for index funds. Best to put all in VTSAX or mix?
- Non US citizen - retirement savings advice?
- Apartment complex made 2 leaving roomates sign for lease, in order to add 2 new ones. Should I be concerned?
- Should I withdraw from my 401k to put a 20% downpayment on my first home, or stick with just my 10% cash?
| Scam Alert: Amazon Payments Unclaimed Property Posted: 30 Jun 2020 12:05 PM PDT Just wanted to make folks aware of this since I didn't find hardly any information at all about it on the interwebs or on Reddit. I received a letter in the mail on June 5th with the title "Important Notice of Unclaimed Property Action Required: Response By 08/15/2020". It was a letter saying that due to a sale I made on Amazon in August of 2014, I had an unclaimed balance of $55.57 that was due to me. It talked about how I needed to verify my address, claim the funds, then sign and print my name. It said that if I didn't claim the funds, then the funds would be sent to the state agency of my last known state of residence, in this case South Carolina. It was a very legitimate looking letter, as I'm sure all good scams tend to be, but I thought this was suspicious already for two reasons: 1) free money is always suspicious unless it's a 401k match from your employer (thanks pf) 2) I recently saw a post on here or maybe r/all were someone talked about looking up through your state agency to see if you had unclaimed property funds. While the process itself IS legit, I used that system and didn't find any unclaimed property for myself or any of my immediate family. This was maybe a month ago when I made that search, so I thought it was weird that I would all of a sudden get this letter. It wasn't impossible for me to have unclaimed money from 2014 either; I made an Amazon Payments account to resell textbooks I had purchased while I was in college, but knowing college me, I would have made dang sure I got $55 pretty immediately because I was broke. Long story short, I called Amazon customer service who then contacted Amazon Payments. They assured me that they DO NOT conduct business in this way, that the funds would have been credited to my account or I would have gotten an email about it. I got a follow up email from my customer service representative asking me to forward a picture of the letter on to their fraud/phishing department. I just wanted to let everyone know that this is in fact a scam. I saw one other post after extensive googling about this and it was from two months ago, so this might be a recent thing, but this is NOT from Amazon. They only ask for your printed name and signature but I'm sure someone could do plenty of things with both of those. Tldr; Amazon Payments customer service confirmed that unpaid/unclaimed property letter was a scam. Edit: seems like there's a lot of conflicting information here but I'm just going to wait until the end of the year and check my state agency's website. Amazon themselves sent me two separate emails saying this was a scam, picture links are in the comments. My bf pointed out sketchy things about the letter too, like the fact that the letter was printed in greyscale and didn't look like something Amazon would have an official stamp on. Also, there's a letter "Z" badly hidden/printed behind bubble number 3. I'm just going to play it safe on this one, if I hear of any updates I'll edit here but in my opinion I'm saying this is a scam with the information I have, and I'm going to play it safe. Thanks to all who responded [link] [comments]  |
| too much scholarship money but can’t use it for rent. what do i do??? Posted: 30 Jun 2020 10:25 AM PDT hi, i basically have too much financial aid. but somehow i dont think any of it will help me pay rent this upcoming year. i have prepaid tuition through my mom's 529, then about $14k in institutional gift aid on top of that. i just won a [up to] $20k education-expenses only private scholarship yesterday (which will probably just replace the 529, since they're both tuition+fees restricted). my tuition and fees together cost $17k. this upcoming year i cancelled my housing contract because of the increased risk of coronavirus in a dormitory with hundreds of students. Instead, I've been trying to rent an apartment, alone, near campus. rent would be about $1k a month. this puts me in a sticky situation because i'm pretty sure my only aid that can be applied to housing is the $14k. however, i feel like my university isn't going to just give me this money, since my housing won't be on campus. i have a feeling they will apply my $14k scholarships towards tuition and fees, leaving $3k to pay off. then, the $20k private scholarship will kick in for the $3k, leaving me with nothing left to pay my rent. i know working full time is an option, but with prepaid tuition and nearly $34,000 in gift aid for a school that only costs $17k, I feel like there has to be some loophole I'm missing that'll let me access that money. plus, working a job would still put me in danger of contracting coronavirus (the thing i was trying to avoid by renting in the first place). does anyone have any recommendations for what to do or how to solve my problem? i'm willing to answer any questions needed for clarification. thankyou :) [link] [comments]  |
| Mortgage was sold to a company that charges a fee to make payments Posted: 30 Jun 2020 07:33 AM PDT I closed on a house a few weeks ago. In typical fashion, my mortgage was sold immediately to a company called Arvest Central Mortgage Company, which has an average 1-star review and is allegedly owned by Walmart. My first mortgage payment is not due until August 1. I looked at the fee schedule online and there is a $5 fee for paying online, $10 fee for paying over the phone, and a $200 fee to setup autopay plus an additional fee per autopay transaction. What the heck can I do to avoid all this? I have paper checks so I could pay for stamps, letters, and certified mail but this is also a huge hassle. Plus the stories I've read is that they wait until after the due date to cash the check so they can slam you with late fees. My anxiety is already though the roof after reading all the horror stories about this company Arvest. Can I set up some sort of BoA e-bill pay? Could I argue with the original lender that these fees weren't included in the original paperwork? All I remember reading was there was no prepayment penalty and no balloon payment but not anything about convenience fees or surcharges. I am located in Maryland if it helps. [link] [comments]  |
| All of a sudden, I'm going to be making an extra 45k a year. Please help. Posted: 30 Jun 2020 04:36 PM PDT So at the tender age of 39 I'm starting a new job making a ton more money. I'm really excited to be making this move but I'm not sure how to handle it all. I'm getting $115k/yr. My family says I should incorporate myself but I barely know what that means (they barely know). I figure I need to talk to an accountant but I want to know what to expect and see if I can do it all myself. I just have no idea what I'm doing. How do I get this going in the right direction? [link] [comments]  |
| Posted: 30 Jun 2020 05:15 AM PDT My 24 yr old daughter recently shared with me she is just over 10k in credit card debt. (All on one card) she has been managing this bill for a few years apparently but was to embarrassed to tell anyone. She lives with a roommate and has a car payment. She makes $15 per hour. I would like to help her since the interest is pretty much wiping out what she pays each month. What is the best way to help? I was thinking about paying off what is left on her car (3k) so she can put the money from her car payment to her cc and lower her car insurance. The other idea was to take out a personal loan for 5k and help her by paying half the card. Thoughts? [link] [comments]  |
| Lost Immigrant Parents: Two Mortgages, failing businesses, lots of debt. Who can help? Posted: 30 Jun 2020 02:09 PM PDT Hi everyone, Thanks for ruining everything, COVID... Long-time lurker here, but I'm hoping to get some guidance from you all on where to seek help in navigating my parents' pretty **** financial situation. I'll break down some key facts that I think can be helpful, but in short what I'm hoping to get from this community is pointers on \where to go** for help. Who can help *me\* help my parents? Bullet point story:
Clearly there's a lot of **** to sift through here, but we're open to accepting the reality of selling one of the homes they worked hard to buy (in order to pay everything off... trying to avoid this), but... my main question is: who can even help us figure out if this is the right move? Is there help out there for people looking to manage \***ed up financial situations* (as opposed to those with so much money that they need a financial advisor)? To be honest, I don't even know what a financial advisor does, and it doesn't sound like the right person to help us make decisions like this. Last point: I'm 22 and don't have the tools to help them myself. I'm sure there's support out there for COVID-19-related hardship, but both my parents and I are the blind leading the blind here. What do?! PS: There's a lot of detail I don't even know. The issue is, I don't even know what questions to ask my parents, so that I could relay to an advisor (or whoever it may be). If this post gets attention from you all and I get some questions, I'll try my best to answer! [link] [comments]  |
| Asking for a raise after 1 year of work Posted: 30 Jun 2020 09:10 AM PDT I've been working at a CRO (specifically an oncology drug development company) for just over a year now. It's my first job out of college, and I make $17 an hour. Over the past year, my responsibilities have drastically increased and now look more similar to the responsibilities of people who are in higher positions than me and who get paid more. To add to this, the majority of coworkers who I have talked to said they got some sort of raise after one year of working at the company. During the current situation, our company has said that they will not be giving performance based raises this year. My performance review was excellent, but I understand the reasoning behind them not giving everyone a raise. However, I don't know if I should consider asking for a raise based on my increased responsibilities (I've taken the lead in developing a new model that I know is making the company a significant amount of money, and I also can perform more surgical and imaging techniques than the majority of other techs here). I don't make much money given what I do, and I am now considering if changing jobs will get me further in terms of salary. Should I ask for a raise right now? How much is a reasonable amount to ask for as someone who is one year out of college? [link] [comments]  |
| Parent, the Grantor, wants to dissolve my sibling's and my Irrevocable Trust to pay off their debt Posted: 30 Jun 2020 09:56 AM PDT Hi all! Disclaimer: I've read through the Inheritance link in the Wiki, and hoping for more unbiased advice from Redditors. I'm *hopeful* this isn't as complicated as I think it is. Thank you for reading! Back in the 90s, my dad set up an Irrevocable Trust for my brother and I to inherit 50/50. I vaguely knew it existed and it was briefly mentioned to me during college, and it was hinted that we'd receive something by the time I turned 30-years-old. However, this has changed. Within the last few months, my dad has reached out to my uncle, the Trustee, to dissolve the trust -- which I've now been informed sits at ~$220K (excluding attorney fees and taxes). He's asking my brother and I to gift him $120K to pay off his debts, essentially leaving us $100K total or $50K each (which would be less to due to fees and taxes). He explained to me that the trust will need to be brought to court to dissolve, and, due to COVID-19, a decision needs to be quickly as the courts are delayed. He wants this completed before the end of 2020. Once it's done, he would like my sibling and I to gift him and my step-mom the $120K over the next two years. I love my father. He financially supported me through college and have never asked me for something of this gravity before -- let alone money. I'm grateful to have no student loans and be completely debt free in addition to being financially independent (I work with an annual income of $42K that includes all the bells and whistles corporate America offers). I plan to talk to the my uncle, the Trustee, later this week, and I want to do what's best for my brother, my dad, and I. Are there any resources that could help me understand more about what's being asked of me and my brother? What kinds of questions should I be prepared to ask the my uncle (he's worked for a top accounting firm for decades as a senior accountant)? Lastly, when I decide to accept only the $50K for myself and help my dad, what's the best way to make it grow for long-term benefits? Would it be wise to save ~$10K for an emergency fund and place the rest in a retirement account? Thank you so much if you've made it to this point, and I look forward to your insight! [link] [comments]  |
| Gave my two weeks notice and was fired after because "we are slow". Posted: 30 Jun 2020 07:14 AM PDT I put my two weeks in yesterday for new job that starts on the 13th. I came to work the next day, worked 3 hours and they called me to a meeting telling me I'm let go because they are slow right now., even though I am painting parts in a factory 12 hrs a day 5 days a week. They said I would be paid out my vaca time because I put in a notice and then asked me to leave. I was very much expecting those two weeks of pay, and feel it's disrespectful as I have never missed or been late a single time for them, but I understand it's at-will and within their right. Could I apply for unemployment? Everything appears and feels like I've been fired without misconduct. I did put my resignation in, but at the same time I was expecting (and needing) those two weeks of pay. I was simply trying to be respectful to them and telling them when I would be leaving. Also, if I did go through with unemployment for those two weeks, would that take away my vacation time being paid out? [link] [comments]  |
| Pay cut 19% and now my check is late Posted: 30 Jun 2020 05:12 PM PDT So I have worked for my employer for around 3 years, I should mention I live in Alberta Canada. Last Wednesday my boss sent me an email saying she is giving all the employees a permanent 19% pay cut effective in 1 weeks time. I was not pleased but decided to stay on so I can continue collecting cerb for the summer and then will figure something out in September when my son is in school. Now I am usually paid monthly with an advance in the middle of the month. This month I never got my advance which is fine but she owes me just under $1000 and often pays me late but this month I am in need of my check for bills. I made sure to text her yesterday asking if I should come by and get my check and she said no she will e transfer me. Today (payday) 4pm rolls around and I text her to ask again are you able to e transfer as discussed or should I come grab my check. It's obvious to me she is trying to delay paying me. I'm clearly very bitter about the pay cut and now this on top of things I just don't know what to do. I'm supposed to work Sunday which I won't be unless I'm paid. I am thinking about making a complaint with employment standards tomorrow. What should I do? Am I being unreasonable? [link] [comments]  |
| I opened up a Roth IRA with fidelity but I have no idea what to actually do with it Posted: 30 Jun 2020 05:27 PM PDT I opened up an IRA about 4 months ago and I've been putting in $200 into it on the first of each month but I didn't realize I would need to do more with it (I was only familiar with my 401k which I've been putting in 10% of my salary while my company matches up to half that). I hit invest and get greeted by this effectively and I have no idea how to pick the best option for me. The guide in the sidebar basically only notes these index funds but I didn't see any of them listed. Does anyone have recommendations for what I should do in this situation? I don't want to keep using this thing incorrectly. [link] [comments]  |
| Posted: 30 Jun 2020 06:12 PM PDT So I've been thinking about his alot lately. I've worked as an engineer in the steel industry for the 4 years since I graduated from college (BS Chemical Engineering if that matters). Started at 65k, and after 6 months was moved to 68k, and after another year and change was bumped to 72k. Was feeling very good about my career path, management loves the direction I am taking, and I have had stellar performance reviews. This past review (April) I was told that I will be promoted but they did not want to give me the title without the pay, and all merit raises had been frozen due to the covid-19 market downturn. I did however get a new role (lateral move with different but comparable responsibility) My manager and his boss have expressed frustration at their inability to give raises, and they seem genuinely interested in my development as an employee. Is this a naive view and should I look at leaving this very stable job, or should I wait this out for my 8-12% raise that was discussed in my review? I would appreciate any advice [link] [comments]  |
| Can I stop contributing to my ROTH IRA temprarily? Posted: 30 Jun 2020 03:39 PM PDT Currently a student working part time and thinking about starting a ROTH IRA. Can I stop contributing for while if I stop working and don't have an income? Are there any penalties for not making contributions? [link] [comments]  |
| Best Way to Dispute Ambulance Bill Gone to Collections? Posted: 30 Jun 2020 06:55 PM PDT With the additional COVID unemployment benefits, I've been finally trying to get my finances in order and pay off debts. Never had much saved and until last year had 1,500 in debt with a mediocre credit score. Not great, but not terrible. Thought I paid off my debts last month only to get a notice my score decreased and I saw that an ambulance bill finally made it to collections. Last September, I wound up in the hospital for three weeks due to an infection that came out of nowhere. If I held off another day, I would've been blind and another three I would've been brain dead. I had no insurance at the time and initially went into a walk-in clinic where I was approved for 100% emergency coverage at all their facilities for 30 days. Several days later, they told me to go to the downtown ER where I was assured I was still fully covered. However, the doctors at that hospital weren't confident enough and said I needed to transfer to a major hospital 7 miles away. I had a friend waiting for me that was going to give me a ride but the hospital that was giving me 100% coverage refused and said I needed to take the ambulance. I had a golfball-sized swelling under my right eye but aside from that, I felt fine. So I take the 7 mile, 13-minute ambulance ride for around $7K because they said so. I know I should've been on top of the bills better (total hospital bill is $400k, $214k AFTER their financial aid) but it's been a hectic year. ANYWAY. Is the fact that I was fully insured through one hospital's network and they required my ambulance ride enough reason to dispute this bill that's now at collections? Are their other ways to dispute a claim that may be accurate despite being bullshit? I've also heard that some collections are not even worth paying off but I'm skeptical on that. TLDR; A $7k ambulance bill that I feel I shouldn't have to pay has gone to collections. What are some ways I can dispute this to remove it and get it off my credit score? Or is it even worth taking care of at all? [link] [comments]  |
| Do I have any grounds for disputing this medical bill? Posted: 30 Jun 2020 12:08 PM PDT Recently, I had a wisdom teeth procedure performed and the surgeon noticed that there was a cyst in my mouth. Without my consent, he performed a biopsy and sent the samples to a lab for testing. During this entire procedure, I was under anesthesia and did not know of that these actions were being done. After the surgery, while still groggy and still under the effects of anesthesia, the medical assistant provided with me a form to sign and unknowingly, I had signed it assuming it was some legal discharge form. I had found out later from my partner that this form was consent for the lab testing on the cyst. Under normal circumstances, if the cyst had been detected, I would have denied the lab testing and opted to wait an see if it developed more symptoms (the cyst is now completely gone so it was benign this entire time). Now that I have received a bill for the lab testing (after insurance had paid out its end), is there any way to dispute this bill / have this written off? While the bill won't make me go bankrupt, I can't help but feel this practice was a little scummy and I was taken advantage of. [link] [comments]  |
| Posted: 30 Jun 2020 06:35 PM PDT Looking for advice, as I'm still fairly young and not fully versed in 401k plan rules/regulations. I quit my full time job last October for another job I received. I had an employer sponsored 401k plan with approximately $18k in it. My new employer said I couldn't contribute and rollover until the 1 year mark, so I left the funds in place invested with the old plan knowing I couldn't contribute—thinking this wouldn't be an issue. My new job required relocation, and lots happened between then and March. Out of nowhere, I get a letter at my new address in April saying all my investments were sold mid-March and deposited into an IRA not re-invested. As you may recall, the stock market plummeted and all my investments were sold at the rock bottom of the market, losing me more than $5k and not reinvested. I never received any notification that my funds would be sold and moved. I had mail forwarded, and got nothing. No phone calls, no emails. By the time I received the notice of sale, the market was already back up and money lost that could have been avoided. Do I have any recourse? I feel like my employer did it out of spite since we did not leave on good terms. Are there regulations saying 401k funds HAVE to be moved after X amount of time? I'm only 29 and I'm so upset a large chunk of my money is now gone due to a broken system. [link] [comments]  |
| Posted: 30 Jun 2020 02:14 AM PDT Sooo around end of March I was furloughed from my job because of covid-19. Mid June I received a call from my job asking for me back. I Ofc took it back considering I was happy I still had a job. Now that I got paid I noticed a 25% pay cut. During my furloughed period I heard from a coworker that they did receive a pay cut, however when the COO called asking if I'd like to come back no one mentioned this pay cut. I think it was unfair, am I being reasonable? What can I do? How can I approach this with my employer? [link] [comments]  |
| Landlord canceled lease night before move-in Posted: 30 Jun 2020 07:47 PM PDT I was supposed to move into a new place tomorrow and just received a message from the property owner canceling any possibility of doing so now or in the foreseeable future. This agreement was made a few months ago and first months rent has already been paid (they said they would refund it). My current lease ends in two days, so I'm kind of screwed. I'm just trying to wrap my head around my options here. Is this even legal? Is this a common scam people run? Are there rules against asking to extend your lease after you've already given 30 day notice? Any advice is appreciated. (US) [link] [comments]  |
| Offered a no-closing cost refinance from lender - trying to figure out the catch? Posted: 30 Jun 2020 05:09 PM PDT I apologize as I know this is a common question, but I couldn't find one that really answered for this situation. Our lender with whom we got our mortgage for our house back in November 2019 (7 months ago) reached out offering us a no closing cost refinance. Our original loan was a 30-year with a 3.75% interest rate, and it was sold to a servicing company. The lender is offering us a new loan at a 2.99% interest rate with no points, no fees, and he says it is unlikely we will need a new appraisal. It would save us $100 a month, or he said we could just keep paying as we are and pay off the loan in about 26 years instead of 30. He said we will be responsible for any accrued or prepaid interest plus setting up a new escrow account for property taxes and home insurance, but we will receive our escrow refund and skip the payment the month after closing so we'd be recouping that cost. My husband and I are confused because this seems like a "too good to be true" situation - responses to similar situations online all said "the closing costs are usually rolled into the loan amount" or "they're offering you a higher rate than you could get elsewhere" but the loan being offered isn't significantly more than our current balance (higher by about $150), and 2.99% seems about as low as I assume we could get. When we asked the lender what the deal was, he said it is a repeat client incentive program and all we're responsible for is the new escrow account. My husband and I are still just super skeptical because we don't understand how this benefits the lender at all - how are they getting money from this? Even if it is a repeat client incentive, wouldn't the incentive be...to get money from us? Are we overthinking it and should just go for it? [link] [comments]  |
| Need help removing a joint owner from my Edward Jones account Posted: 30 Jun 2020 07:16 PM PDT Not going to give a whole lot of details here but here are the important points. The account was given to me by my grandfather who has passed. My mother was the guardian of the account and it was supposed to be given to me at age 21. I am now 25 and I still have no access to the account. Don't know if she has been spending the money in it or not. I have an attorney and I am ready to take action but I am wondering if anyone has any advice for a young adult having to go through this with her own mother and what course of action you would suggest I take. Thank you, I would appreciate any and all input. [link] [comments]  |
| I have 10k allocated for index funds. Best to put all in VTSAX or mix? Posted: 30 Jun 2020 02:08 PM PDT I plan to invest more in the coming months but want to get this 10k in the market now. [link] [comments]  |
| Non US citizen - retirement savings advice? Posted: 30 Jun 2020 06:59 PM PDT Hello! I am a UK citizen working in the USA, Ive been here for 2 years and saved into my employees pension scheme, but looking at other options. I'd like to stay in the USA long term - I know I'll be here for at least another 3 1/2 years, I'd like to become a citizen eventually but will need to see how that goes. I read that I may not be able to open a Roth IRA, but I'd like to start saving for possible retirement here. If I leave the USA will I still receive retirement payments if I invest in one of these? What sort of options do I have? I know very little about retirement savings, I've only ever just paid into work pensions but it seems that in the USA that isn't enough to retire on and saving elsewhere is wise, but because I don't know if I'll end up here or in the UK when I retire or working in the next few years I don't know where I should be saving. Thank you! [link] [comments]  |
| Posted: 30 Jun 2020 01:57 PM PDT My girlfriend use to live in an apartment with 3 other people. The lease is up and 2 of the girls left; now myself and another person will be filling those two spots. It's for the same apartment and one of the leaving roomates was the primary leasee and said she'd handle it along with my girlfriend. Well all 4 of the former roomates signed the leasing agreement and i didn't know they did. The reasoning being that the apartment complex told them they can't add new roomates within 2 months left on the lease, because it'd be a "logistical nightmare" and they would instead delete the names and add the two new roomates (me and the other person) to it. My girlfriend said the conversation was rushed and the office is closed due to COVID. Now everytime we call they seem to beat around the bush and said that July's rent can just be venmoned to my girlfriend to make the payment for me. It seems suspicious and I'm not sure if they are pulling something here. My application for this apartment is still waiting final approval from the property manager even though this was filled out 2 months ago. I am frustrated they all signed the lease without letting me know, but I just need to know if what is going on here is something else. Also if it matters this is in California. Thanks for any help in advance. [link] [comments]  |
| Posted: 30 Jun 2020 06:44 PM PDT I will be buying my first home in Florida and am pretty excited. It'll be a new construction build w/ a base price of $300k... May go as high as $330k with certain options. I have to place a 5% deposit next week and I have 10% saved ($33k). I am wondering if t's worth (if it's possible) taking advantage of the CARES act to come up with the additional 10% by withdrawing from my 401k. Here are some basic facts (apologies if some of it is irrelevant, just wanting to include a full picture): 35 years old, single Currently in apartment, moving to house in February 2021 $72k salary 840 credit score $62k 401k $55k IRA $17k HSA $30k in House Savings (expecting to easily save $3k+ before closing) $8k builder's incentive which can be applied to closing and design options $8k-10k closing costs $330k max house cost 30 year-fixed, 3.00-3.25% interest rate expected (Can't lock until December) Emergency Fund ✔️
As you can see, coming up with 10% is pretty easy for me. Is it worth withdrawing an additional $33k from my 401k to come up with the remaining 10%? Yes, I know my house "expensive", but I have studied and tracked in-depth my cash flow analysis to not feel concerned, so, with respect, that is not my concern in this post. I am wondering if it's worth the reduced monthly payment, lower overall payment, and PMI savings at the cost of a little bite at my retirement savings. With a <3.25% mortgage rate, I don't feel it's worth it (because annual ROI averages around 7%), but am curious to hear why/if it might be. [link] [comments]  |
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