Personal Finance My mom is falling for scams and won't listen to anyone. How can my dad protect himself? |
- My mom is falling for scams and won't listen to anyone. How can my dad protect himself?
- My in-network doctor apparently made my appointment out of network.
- Our family has old stock in a company that was bought out by another is there any way of redeeming them today?
- Chase requiring in person branch visit to add beneficiary or create joint account
- Using U.S. credit cards while studying in U.K.
- Chase closed my account and sent my remaining money to an address I no longer live at without informing me...
- $40k in debt, fair credit, need help figuring out my options.
- How to manage inheritance and new income
- Need Advice on how to start investing.
- $31,000 in CC debt - best options?
- Got my first 'real job,' how can I build credit and start saving for retirement? No history at all and trying to make the most of working from home
- 16 year old and wondering what to do with my money
- Ugh, wrong contribution year for IRA...
- Driving for Delivery Companies (eg. door dash, postmates, etc)
- Moving out for the first time, any advice?
- How should I go about reducing debt? (Details in post)
- In a really strange/impossible situation but I'm not giving up...
- Does anyone consider their unused vacation time when planning an emergency fund?
- How to do "Nanny Taxes"?
- How important is international diversification?
- I have collections accounts from AT&T from 2015 that have passed between multiple agencies and now shows that it was opened in 2018 - is that legal?
- How to calculate contractor pay to salary & benefits?
- Is my young wife on Medicare (serious)?
| My mom is falling for scams and won't listen to anyone. How can my dad protect himself? Posted: 23 Aug 2020 06:55 PM PDT So my mom has pulled about 15k out of their joint accounts. This is a combination of scams she has become involved in. She isn't being completely honest with anyone but from what we have gathered the is one where it involves a girl "who needs to get home to her sick mother but her car died on the way there" and a "if you give us 10k, we'll give you a 100k grant." My mom has already sent the money orders so they're fucked. My dad is going to go to a different bank tomorrow and open his own account and is calling all investments to make sure my mom can't touch or do anything with his investments. He's changing all of his passwords just in case. What else can I advise him to do? I think he should pull all money out of their joint accounts but he's not sure he can. As for my mom, we've had several conversations with her about these scams but she's convinced she's made the right move. She's not going to learn so that's why I'm reaching out on getting my dad help. [link] [comments]  |
| My in-network doctor apparently made my appointment out of network. Posted: 23 Aug 2020 09:16 AM PDT Hi everyone. It's my first time posting here after lurking for a long time, so please let me know if I do anything incorrectly. I'm a 20 year old college student, and I'm in a situation with my insurance that I don't know what to do about. I started seeing a psychiatrist a couple of months ago. I confirmed with my insurance that they were in-network, and my first visit was covered. I saw the doctor again about 3 weeks later, and they had my same insurance information, same everything, but I find out recently that my second appointment with her was out of network and now I have to foot a nearly $500 bill. Can someone please tell me what this means? I was given no warning or notice that they were out of network. They still show up on both the hospital's website and my insurance website as being in-network. My insurance says the doctor 'inputted a code' that made it out of network, but I just don't understand what that means. I really need this doctor because she renews my medicine, and I have another appointment coming up in a few days. I've contacted them to see whether it will be in-network, but can someone tell me whether this is normal??? Can doctors just switch it up and decide to be out of network? For reference, this doctor is with a hospital that has always been 100% in-network with my insurance and appears still to be. When calling insurance it's apparently not an error in processing. Do I have to call before every appointment to make sure it's still in-network? I'm lost and confused and I could really use some advice. It doesn't appear that my doctor has dropped my insurance/vice versa, but I guess I wouldn't really know. [link] [comments]  |
| Posted: 23 Aug 2020 12:33 PM PDT My father owns some shares of an old company that existed back in the 1920s or 1930s, the company was later bought out by a company that still exists today, is there any way to convert or to redeem it today? [link] [comments]  |
| Chase requiring in person branch visit to add beneficiary or create joint account Posted: 23 Aug 2020 10:48 AM PDT Not sure this is the right sub, but figured someone may have some insight. I have a checking account with Chase. I'm trying to add a beneficiary, but there is apparently no way to do that without going in-person to a branch. I called and was told I may be able to do this over the phone with someone at the local branch, but then they said I have come in-person inside the branch. Similarly, my wife and I want to open a joint checking account and are told we have to do this in-person at a branch. (Only individual accounts can be opened online, Chase told us). This doesn't seem to be a great policy nowadays, since I am obviously wary about spending time in an enclosed space with another person. (I wouldn't mind doing this outside, but I expect that would not happen). With my accounts at other banks, I've been able to add/update beneficiaries online. Has anyone else been able to update a beneficiary or open a joint account with Chase without having to go in-person to a branch? [link] [comments]  |
| Using U.S. credit cards while studying in U.K. Posted: 23 Aug 2020 10:12 AM PDT Long story short, I will be studying for my MA and PhD in England in a few weeks and am trying to figure out a way to take advantage of the credit cards I already have while there. Obviously, I will only bye using cards that don't charge foreign transaction fees, however there are still some hurdles. When purchasing something online, most U.K. websites want a U.K. billing address to purchase things. This isn't ideal, since the U.K. debit card I am issued will not offer the points or buyer protection that my U.S. credit cards offer. It seems slightly odd to me that purchases with my U.S. credit cards can be done in person without any issue, but the moment you try to purchase something online—everything changes. Can anything be done? [link] [comments]  |
| Posted: 23 Aug 2020 01:25 PM PDT I (24f) have banked with chase for over 5 years now. I just got my own place and my parents decided to help me get a new car as a gift because I am in the city alone with no transportation. They decided to pay $4000 for the down payment. We all bank with chase so they used Zelle to send me $2000 and planned to send another $2000 the day after. (There's a daily limit for money transfers). The first time they tried sending the money, the bank locked their account because they were suspicious of fraud. Which is fine, knowing they take those extra precautions makes me confident that our money is safe. They answered all the questions over the phone and they unlocked their account. The next day, they tried sending the next $2000 and it was canceled. When my parents tried to log into their account, they noticed it was locked again. They called and talked to a supervisor and were told they would fix it and have it processed over but it has not happened. My parents ended up having to transfer the money to one of their other accounts and send the $2000 through Google pay. After everything cleared I went to the bank and withdrew the money and got my car that day. Later that same day I went to the store to buy toilet paper, and they said my card was suspended. I tried calling chase but they were closed at this time. (7pm) I called early the next morning to understand why they suspended my debit card and they told me my account was closed. Confused, I asked why and they said they didn't know the reason. I went to my local branch to try to get more information and they told me the same thing. But I also found out that not only did they close my account but they said I can no longer bank at chase. I spoke to the teller and she said she looked through my bank statements to see if there was any fradulent activity and saw nothing. She was also confused and told me she didn't understand why they closed my account. So not only did they not inform me on my account being closed, but they took the remaining money from my account and sent it out to an address I no longer reside at! Along with this, my parents account is still locked and they have not been able to access it since they sent me the money. How is this even possible?? There's no way they can do this when all I did was withdraw money from my account that was sent from my parents. If there is anyone who can give me insight on the situation I'd greatly appreciate it. I have been stressing because I have bills and rent due in a few days and I have no access to any of my money... TLDR: Chase Bank closed my account without my authorization after I withdrew my own money. They will not tell me the reason why they closed it. They also sent the money in my account to an address I no longer reside at. I need help because I have to pay bills and have no access to my money. What can I do to fight this?? [link] [comments]  |
| $40k in debt, fair credit, need help figuring out my options. Posted: 23 Aug 2020 01:13 PM PDT TLDR: $37,810.70 total debt, monthly bills without groceries or gas is $3808, combined salary is $3000 per month, credit score 662. I am seeking financial advice on my debt, and wondering what options I have for consolidating it, acquiring a personal loan to pay off the high interest amounts, etc. I am in Nebraska if that matters.. So here is the situation.. I was making $65,000 before COVID. Got furloughed and eventually was asked to come back on terms I could not accept. It took me 3 months to receive unemployment with the stimulus added, and this is why my debt increased significantly. I am currently unemployed still, although I have started my own business and am starting to get some jobs coming in. The salary I can take from here right now is low, like $1500 a month at the most, and my husband takes the same. So here is the damage- $3000 per month coming in. $3808 monthly bills including rent and all minimum monthly payments, daycare, insurance, etc. (does not include groceries, gas, diapers, or anything extra) ($150 per month from this amount doesn't need to be paid until January for student loans) Typically I try to sell some personal stuff to make it by.. if I absolutely have to, I ask for help from my parents. 6 credit cards totaling $21,669.50 as of now. Average interest for these accounts is 20.81%. I do have some interest free purchases, so what I consider to be my high interest debt is $14672.50. Minimum monthly payment for all credit card accounts totals $522.00. One loan for a Jeep at 4.24% with $5,827.34 remaining. ($180 per month) 7 student loans totaling $10,313.86 (currently do not know the interest rates because they turned interest free until January 2021 and each account just says 0% right now, but highest loan is $2501.29 and lowest is $916.91 and if I recall, the interest rates varied from 1.5%-6%) So my total debt is $37,810.70 if I were to pay it off today. My credit score was 704 in October, and now is 662. Debt to income has screwed me along with high utilization rates. SOOOOO…. Yeah, I know this is bad and I really need some help because its causing me so much stress and anxiety. I thought about getting a personal loan of $20,000 to pay off all the high interest debt and Jeep, but it seems my credit score will only get me about $8000 with an interest rate of 25% or so. I'm crying as I type this because I can't figure out how to get out of this massive hole. Thanks for reading. I really need your help. Edit: Link to view a breakdown of everything. [link] [comments]  |
| How to manage inheritance and new income Posted: 23 Aug 2020 09:33 AM PDT My husband will be receiving 50k inheritance since his dad passed away and we'd love some ideas and advice on the best way to manage it. We're 33, self employed, just had our first child, and we rent a house. We have about 9k in credit card debt, 2.5k hospital bill from having our baby 3 months ago, 3.5k tax bill from last years earnings that normally we would've just paid but Covid has crippled our business so we decided to do a payment plan for taxes instead of spending savings- which is already running out. We run an online business with just the two of us, we have for 10 years. But we are in the wedding industry so we've barely had any work for almost 6 months- because of this, our new baby, and the heartbreaking personal loss of his dad we will be moving in with his mom with the goal to eliminate debt, figure out how to revive our business (or pivot to something else) and save enough to buy a house. We live in southern CA so housing prices are 400,000-600,000 for the area we want so a 20% down payment would be huge, and not necessarily what we'd want to do. We want to start a savings for our daughter, and retirement account(s) for us. The plan is to save an additional 50k living with his mom for about a year. Our income is unpredictable, especially now, but that is the goal. We will make a strict budget to save as much as possible since expenses will be minimal. We don't have any business accounts, just personal checking and savings and the same with a credit union. I'm most eager to eliminate the debt. After that what do we look into for investments, retirement and savings? Is there any credit-building advantage to only paying down like 75% of the credit card debt instead of 100%? (It is only 2 credit cards- I owe 6k, he owes 3k) We'd love for business expenses to be consolidated to a credit card that can earn miles (or other perks considering our incentive to travel is minimal right now, but hopefully in the near future we can all vacation happily again!) Can we negotiate with our credit card company (capital one) for better incentives based on paying down our balance? Any advice on where we start? Thanks for your thoughts and have a great Sunday! [link] [comments]  |
| Need Advice on how to start investing. Posted: 23 Aug 2020 07:07 PM PDT I am an engineer by career and know very little about investing. Many of my friends use apps like Robinhood or just use the different vanguard funds, however I don't feel as if I am informed enough to be successful taking that path. I am thinking of opening a brokerage account (I already have a 401k and roth through my job). Has anyone come across any accounts they like and find easy for beginners? Someone had mentioned Charles Schwab to me has anyone had any experience with them? Any advice would be helpful. I am looking for a place to invest my money and also teach me some and explain to me where my money is going while being patient [link] [comments]  |
| $31,000 in CC debt - best options? Posted: 23 Aug 2020 11:09 AM PDT Hey all! 34 year old single father, share custody 50/50 with my ex-wife of our almost 5 year old child. Total debt is around $71k....$31k in CC debt, $37k in student loans, and $3300 on my car. Currently, I make around $43k pre-tax, I contribute 3% to my 401k. I would say from about the age of 18, I did not care about credit cards or accumulating debt. I went to an expensive 4 year university after high school and promptly partied my way out of the school, accumulating 2 years worth of debt that was basically just partying. I finally got my shit together and obtained my Associate's Degree. Once I got to my late 20s and finally got a "real" job, I really started looking into FICO scores and reading everything I could about getting my debt in control. And I did a really good job! I paid off debt, I patiently waited for collections to fall off my credit report, and OMG I had a 700 credit score! I was able to buy a used car without a cosigner! Life was pretty good! Then, I separated with my ex-wife about 4 years ago. I rented a small 1 bedroom apartment but was still paying more in rent than I could reasonably afford while trying to save and pay off debt. As my child got older, I chose to upgrade to a 2 bedroom. This is about $1030 a month now, while my paychecks are about $1360. The real kicker that put me back right where I had come from is a period of unemployment from February 2019 to August 2019. During that time, I relied on a lot of CC's to get me through. So, now I'm at the point where I need to make a real decision that will affect me and my daughter. I'm ready to tighten my purse strings and attack this debt....but is it worth attacking???? For reference, I have tried getting a personal loan/consolidation loan to cover the costs of my CC debt so I could have one monthly payment, but can't find anything with an APR lower than my highest APR cards. I don't have an issue paying this debt if that is the best solution....but as my girlfriend said, I could file for bankruptcy and then just SAVE all the money I was using for my CC payments. So, what do I do here??? I will list my current CC debt at the end of this post, btw. My options are basically snowball my debt, look into some sort of debt management/payment/settlement plan, or file bankruptcy? What I have been thinking of doing is using my tax refund and some additional money to pay off the $3300 I owe on my car....this will free up a monthly payment of $247 that I could then use towards snowballing. Yes, I know that the APR on my car loan is not that high, but I have just been thinking that if I could pay it off...almost $250 extra a month would be super helpful. My child's daycare has also gotten significantly cheaper ($40 a week) now that she is in VPK...so that is potentially an extra $160 a month as well. So with that savings, and my car payment savings, that is possibly an extra $400 a month that I did not have before? So, I would love to hear any advice and ideas that my fellow redditors have! Here is a list of my current CC debt (current credit score is 596 on Transunion/Equifax): Capital One Quicksilver: $13,100 Capital One Savor: $5,000 Citi: $2,800 Rooms To Go: $2,600 (0% APR for like 5 years on a new bed, so this isn't a HUGE deal) American Express: $1,900 Chase: $1,800 Best Buy: $1,800 NewEgg: $1,500 What do you all suggest? Most of these CC's are going to be 20% APR give or take a few percent. Does anyone have any good companies to reach out to discuss this stuff with? I've seen mention of non-profit credit counselors, but it's hard to decide what company to reach out to. Or do I just say eff it and throw in the towel, file for bankruptcy, and use the next few years to save and get back to where I should be? I think I should start by just calling each credit card company and seeing if they can reduce my APR? What is the best tactic for that? What exactly should I be saying/asking? I should also say, I am taking the last two classes for my Bachelor's Degree in Information Technology. I have a pretty good job in my field working help desk, basically doing system admin tasks and not being paid for it. So I have high hopes that as I finish my degree and start pursuing certifications, that I will be increasing my total income. However, that could be in a year...or five years. I currently do not have a strong desire to start job hunting until I complete my Bachelor's Degree at the minimum. As a single father, finding a job that is flexible is important and currently I am lucky to have one that is understanding. Sorry for the wall of text...TL;DR: $31k in CC debt, do I look into debt management, settlement, or bankruptcy? Thank you ALL in advance!!!! [link] [comments]  |
| Posted: 23 Aug 2020 08:38 AM PDT So, the title says the main gist of things. I'm about to start my first salaried job working as a civilian federal employee and I'm excited but also panicking a bit. My family wasn't well off and no one ever imparted any financial literacy knowledge growing up, so I don't really know where to start. I don't have any debt at all, but I also have never done anything that would build credit (no student loans/car payment/credit cards), as I didn't have a steady stream of income (some summer jobs, occasional gig work during school). I've also never dealt with a lease/landlord as I always lived in the dorms or at home. I've been looking into getting a credit card to start building up some credit before WFH ends and I need to start apartment hunting, but I'm struggling a bit with which card(s) I should be looking into. Previously, my plan had been to look at cards with some sort of extra cashback or airline miles bonus for spending in the beginning of ownership (ie. on top of whatever normal cash back earnings offered) to use on my moving expenses, but since I'm still able to work from home my main expenses are just groceries and below-market-value rent to my parents. I don't know if I should follow my original plan, or if I should be looking into some other card as a starter while at home and then applying to a different one when it looks like I'll actually be moving. I also have some questions about retirement savings. The government uses a Thrift Savings Plan (TSP)--is this equivalent or transferrable to a more common type of plan? Most advice here says to contribute the maximum matched value if you're able to, but is that also true if I might leave before being vested? I've also read that any matched contributions are traditional rather than Roth, so if I end up having to pay back the match contributions, would that be paying back the pre-tax amount? [link] [comments]  |
| 16 year old and wondering what to do with my money Posted: 23 Aug 2020 11:34 AM PDT Hey everyone I am 16 years old. I have been investing since april in the stock market. I have been using a Dutch broker on my moms name. I have put in about 1200 euros (my own money btw) and I have made roughly 100 euros investing. I am now looking to turn towards growth investing. I still have about 1500 euros in cash and in savings. Should I put more money toward my investing or should I put my money elsewhere? Love the hear critisism or advice! [link] [comments]  |
| Ugh, wrong contribution year for IRA... Posted: 23 Aug 2020 06:44 PM PDT long story short my banker selected 2020 as the contribution year for a traditional IRA when I wanted 2019. I contributed prior to the filing deadline, you think its too late to change it so its towards 2019? Will call in morning but i just needed to get some opinions. I think they use Wolters Kluwer.. thanks [link] [comments]  |
| Driving for Delivery Companies (eg. door dash, postmates, etc) Posted: 23 Aug 2020 05:06 PM PDT As a way to see if I could make some extra money, and because I have some extra time on hand I thought I would try driving for delivery app companies. So far I've driven for three weeks. My question is, based on the following numbers is it actually worth the depreciation on my car? I've included the numbers below, as well as my thinking on the situation, but I'm looking for some other input to either confirm my idea, or poke some holes in it. In total I drove 487.82 miles. I earned $279.22. The IRS mileage rate for this year is $0.575/mile. So after calculating that for my miles, that is $280.50. Essentially, come tax season I have actually not made any money because of the mileage deduction, and so won't need to pay any taxes on that money. For the calculations below I'm assuming that any given month will be about the same for 500 miles of driving - essentially not "making" any money. Info on my car/situation: My car gets about 35mpg and average gas prices the last few weeks have been about $1.80. So upfront I've spent about $25 in gas. (I know if I take mileage deduction I can't deduct gas as well and the mileage deduction is the better deal, but just wanted to include the numbers). My car is paid off and has about 85,000 miles on it. My idea is to take all of the earned money, and put it into a savings account as a savings for a down payment on a new car. I understand that by driving extra for this job though, I will probably need a new car sooner than I would if I were not putting the extra miles on it. I figure that on the conservative side I'll need another car at 150,000 miles. I've averaged about 13,500 miles on my car per year up until now. If I were to drive an additional 500 miles per month doing this delivery, I would end up needing to buy a car in about 3.5 years instead of 5. (If i needed a new one at 150,000, which I hope/plan to get a lot more out of and drive until it stops). However, if I'm able to earn/save $200 a month, in 3.5 years I'll have saved $8,400 for a down payment on my new car. (It also might not be exactly $8,400 because I'll probably need an additional oil change compared to normal, as well as maybe an extra pair of tires, so maybe its $7400). The way I see it is that this would be a smart decision because even if I need a new car earlier than I would have if I were not driving, I'll have the cash on hand to put down a payment for the new one. Where as if I didn't drive, I would get an extra year and a half out of my car, but I wouldn't have saved any extra money for a down payment. (This is not necessarily factually true - I have a full time job and can put away/am putting away some money for a down payment, but I want to look at this as strictly "new" cash/income.) Basically, does this sound like a smart decision, or am I not seeing something? [link] [comments]  |
| Moving out for the first time, any advice? Posted: 23 Aug 2020 04:52 PM PDT I (f20) am planning to move out of state to go to school in Texas. My boyfriend (m20) goes to school out there, so we are planning to move in together in an apartment for next school year. He works at a grocery store that he makes about $1200-1400 a month, where I will soon get a job hopefully making about the same. Average rent is $700-$1000. I personally also have $20,000 in savings right now and boyfriend is trying to save, but he is paying for college now. I would just like any advice or criticism for our plan. Thanks! [link] [comments]  |
| How should I go about reducing debt? (Details in post) Posted: 23 Aug 2020 12:32 PM PDT Hey everyone! So I have about $43k in debt and I'd like to get rid of it so I can used the money freed up for other things like investing and such. I make about $97k so about $2,250 every two weeks. I have a wife and two kids. Budget is as follows: Rent/mortgage -$1,038.00 Electric - $70.00 Gas - $40.00 Cell phone - $129.00 Groceries - $600.00 Car payment - $247.00 (2.99% interest) Hulu - $54.99 Credit cards - $0.00 (We pay it in full each month and use it daily to get points) Internet - $60.00 Car Insurance - $150.00 Water - $55.00 Tithes - $455.27 Waste Management - $45 (quarterly) Medical Bills - $0.00 (None at the moment) Workouts - $15.00 Home Security - $24.99 HELOC - $300.00 (8.72% interest) Gas for cars - $280.00 ------ Should I bring stop my 401k (would free up about $820 a month) and 529 plan investing ($100 a month for both kids) and use that to snowball the car loan and then use the car loan plus freed money to put towards the HELOC? Or how should I go about this? [link] [comments]  |
| In a really strange/impossible situation but I'm not giving up... Posted: 23 Aug 2020 05:18 PM PDT We really want to buy a single family right now but I am coming into road block after road block. Thought this forum might be the best place to try and bounce and gather ideas. The Story: When the pandemic hit, we moved out of our house-hack multi family to live with my grandmother who needs full time care. We rented out our apt for STR. Long story short - Oma needs a lot more care than we can provide, and we need to move back to our own place so a full time nurse can move in here. The kicker is we have no unit left to move to, all the units are rented out, and quite honestly we don't really want to move back there because now our 4 unit MF is cash flowing beautifully. The Goal: Purchase a home that will be our primary residence and has an income-generating aspect to it. The current home we are looking at is a single family on 11.5 pastured acres with a 5 stall heated horse barn. Rough-boarding alone we could generate $1500 per month income. The Situation: I have poor credit, 614 but working on it and hoping to have it at 650 by the end of the year. I earn decent income - around $5400 net per month from real estate commissions. We have income from our 4 unit multi family that grosses $5,000 monthly and after regular expenses and maintenance and paying our mortgage, we cash flow $500 per month. We have done significant cap expenditures on it this year though, which I'm sure will hurt us. $6,000 to fill in the old pool, $5400 to repaint the garage and get our EMP up to code, $11,900 blown in-insulation. We were thinking about replacing the furnace and adding a boiler this year as well, since its at the end of its life and heating a 100 year old multi family in Vermont is not cheap nor easy. $8,000. All in $31,300 in cap expenditures this year.... We Airbnb our studio condo that is at the base of a ski resort and have been renting that to traveling nurses on the off season. We own this outright, no mortgage, just paying HOA and expenses which are pretty minimal. We gross $1000 per month off-season, and gross $5,000 from Dec-April. Expenses vary for those months but generally speaking we are cash flowing $600 off-season and $2500 in-season. I have large and cumbersome student debt - $125,000 federal student loan debt. Non in forbearance as far as I know, I recently paid off a $5000 debt to George Washington which I believe was in collections, I only paid that off in May of this year. I pay around $250 per month towards the loans. Husband - Great credit, he's above 700 - No income, stay at home dad. - No debt- Has a secured credit card he keeps at 30% Currently we are living rent free with my grandmother, taking care of her during this pandemic crisis. But this is a temporary situation for us and we are wanting to figure out how we can buy a single family home in Vermont. Our multi family we have a 20 year mortgage on at 5% interest with seller financing. Monthly payments are $1979. The principal balance is $267,000, current market value is $430,000. I cannot qualify for a refinance or a cash out with my current credit score, even with the income from the rental. The problem is my husband has the credit score, but not the income. So that's our story. The property that we want to buy is listed at $230,000. How do we do this? [link] [comments]  |
| Does anyone consider their unused vacation time when planning an emergency fund? Posted: 23 Aug 2020 07:15 AM PDT When thinking about the amount of money in my emergency fund, I started to wonder about the vacation days I have saved up at work. I think the biggest emergency, and one that has been very real for people recently, would be losing your job. I usually carry somewhere between 5-8 weeks of vacation time that would be paid out if I were to lose my job (yes I checked.) I'm not sure how taxes or 401k payments would be taken out of that, but the payout would be a boost if I were to lose my job. Just wondering if others consider that part of their emergency fund or not? [link] [comments]  |
| Posted: 23 Aug 2020 06:19 PM PDT Hi there! I just started (two) jobs as a full time nanny for two different families. I've spent the past few hours trying to figure out how the hell to do taxes, accept payments and timeclocks. I don't want to make the families buy a subscription to some service because that gets expensive. I know that nannies count as "family employees" and not self-employed, and have their own special tax thing... I'm really lost though. Any services/apps/etc anyone can reccomend to make things easier? All I can really think of right now is just accepting payment thru paypal business, storing 1/3 in savings to inevitably pay for taxes later and then figuring out the forms myself for W2/1099... (also, I live in virginia!) Please help! [link] [comments]  |
| How important is international diversification? Posted: 23 Aug 2020 06:12 PM PDT In my 401k and ira, I stick with funds with less than 0.04% expense ratio. This has generally left out international funds. The fidelity 0 fee international fund isn't offered in my retirement accounts. I'm wondering if it's worth paying slightly higher expense ratio to gain international exposure. [link] [comments]  |
| Posted: 23 Aug 2020 08:20 PM PDT Basically, these two accounts went to collections in 2015 and it seems like they were both sold to the same collections company and now CreditKarma is showing the accounts were opened in 2018, so only 2 years old instead of 5. Is that legal for them to just reset the date like that? I've never called anyone about it, paid them, admitted I owed it, etc. I'm considering either just paying both accounts off, or trying for a pay for deletion, but I just wanted to seek a little advice beforehand. Thanks! [link] [comments]  |
| How to calculate contractor pay to salary & benefits? Posted: 23 Aug 2020 05:47 PM PDT Hello! I'm currently a contractor at a company making $128k per year (no benefits at all). I've applied to a full time position within the company, and I'm pretty sure I'm gonna get it, but I'm trying to figure out how to approach salary negotiations. Anyone have a "rule of thumb" or any advice on how much I should be asking for when it comes to salary + benefits to keep on similar footing with my contractor rate? [link] [comments]  |
| Is my young wife on Medicare (serious)? Posted: 23 Aug 2020 01:43 PM PDT Like the title says, for a decade, my wife (early 30s) has been receiving mail offers for things that are only available to retirees and senior citizens. In the beginning, it was a joke and I assumed it was some website she signed up for where she just randomly entered a birthday and they sold her info. to others. Every now and then I would get frustrated and actually call the number and ask where they got her contact info., but the person who answered was just some rep who didn't know why we were sent the info. and had no idea how people were targeted. So my 2 main questions are:
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