Personal Finance I received a suspicious letter from the "IRS" today stating that I owe them $2,500 which includes my full SS# (unmasked). I am worried that my identity has been stolen. What do I do? |
- I received a suspicious letter from the "IRS" today stating that I owe them $2,500 which includes my full SS# (unmasked). I am worried that my identity has been stolen. What do I do?
- 2 years later, landlord company gives me debt and an eviction on my record.
- My employer is correcting their 401k matches from the last 2yrs or so, taking $15k back
- Received my bill receipt for my rental car over the weekend, totaling $1649.14 for one day
- Getting married, what are some tips for married life and combining assets?
- When I realized how much I spend on Starbucks
- How to save for retirement if I will be too blind to work by age 50?
- My father died in 2011 and i came accross 401k docs, any idea how to find the money if there is any still?
- Keep getting calls from Amazon delivery drivers
- Some mysterious person bought auto insurance using his/her bank account for all the cars in my household
- I don't have enough money in my account to make my CC minimum payments. This should be my wake up call. Please reinforce my inertia
- Should I take cash out of my paycheck to reduce spending?
- Can I keep my credit frozen indefinitely?
- Where is the best place to put money? Mortgage, student loans, or investing?
- 19 with a few thousand in savings, should I keep building my savings up or do you guys recommend I put it into other places such as stocks or a Roth IRA?
- I have spent $15,778 on myself this year. Help me change.
- what to do about life insurance policy
- Can I afford a motorcycle?
- Taking a closer look at my 401k investments... help me re-allocate
- Is there any sort of "first job guide" resource for people just starting their first job?
- Which Charles Schwab account do I rollover wife’s 401k into? Her old 401k has traditional and Roth monies in the same account, but Schwab doesn’t seem to offer a “Rollover Roth IRA”.
- EDD gave me an account with $20k, is it actually mine?
- My boyfriend just got a bill from DEW SC, USA for the unemployment he received when he was furloughed
- One-time financial advisor?
- Avoid Loan Depot for your Mortgage
| Posted: 01 Sep 2020 12:34 PM PDT I'm at a loss here and I'm worried that my identity may have been stolen. The letter I received states that I owe the IRS money on a tax credit that was completely legitimate. As far as I'm aware, the IRS doesn't display your full social security number on letters. The number on the letter I received is 1-800-829-8310 which links to several articles and forums that it's a scam. I have tried calling the actual IRS number several times today but haven't been able to get a real person on the phone. When I go to my IRS profile at irs.gov, it says that I owe the IRS nothing as of today. I am extremely worried that my identity may have been stolen. Any advice? Edit: Come to find out that the number is legit. Thanks for the help everyone. I have proof that I did my taxes correctly, so I'm hoping it's just a mistake on their part. It just doesn't make sense to me that the amount doesn't show up on my IRS profile, and the letter says that I already owe interest when this is literally the first notice that I've received. Wish me luck. [link] [comments]  |
| 2 years later, landlord company gives me debt and an eviction on my record. Posted: 01 Sep 2020 09:53 AM PDT Backstory, lived in an apartment for 3 years. Had some financial trouble while living there but in the end fixed them and moved to be way closer to the higher paying job and was right with money the last few months. The apartment complex was bought/sold 4 times while I lived there. The last company bought the property about 2 months before moving out. My GF and I were in the market to move but was not sure it would happen, so we were planning to stay when a last minute place opened up and we were able to move at least an hour traffic wise, closer to my job. We moved about 1.5 months before the lease was up. The entire time I was calling the office and no one was answering. They took the website down, never provided information on how to reach the new owners and closed the main office for construction for a while. So we moved and I kept trying to give them notice of moving. I had turned in Keys and everything before the lease date was up with my Apartment number on it. 2 years goes by and not a call or email from the company that had my number and email on file. I get an email one day from Hunter Warfield stating I was in debt collection for 665 dollars to this previous company. I, of course, asked them to provide me information on this debt and they sent me a court case from a year prior collecting on me and evicting me. (GF wasn't on the lease). So I told them I am not aware that I was any part of this and that I would not be accepting this as a legit debt. However, in time, it has been put on my credit report. I have reported it to Transunion and Equifax but it has come back. It really isn't a lot of money in the long run and I would love to pay it as we are in the situation of looking to buy a house, but its almost not about the money. It is more about the eviction. I am willing to pay if the eviction can be taken off my record as that will look bad for future rentals or buying a house. Especially over what is less than a months rent. I payed the entirety of the lasts months rent before leaving and never even looked to get my deposit back as it was a special price and figure they would use it anyways without giving it back. I was wondering if anyone has been in this position before and maybe some advice on how I should handle this. I am capable of paying it off but I am more worried about the eviction. I am sure I could hire a lawyer to fight this but, I am sure it would cost way more to go that route. TLDR; Moved out of apartment last minute. No contact for 2 years. Get debt collection and eviction from apartment complex. What do I do? EDIT: I am tracking down the case and bringing it to a lawyer. Thank you for all the helpful people. [link] [comments]  |
| My employer is correcting their 401k matches from the last 2yrs or so, taking $15k back Posted: 01 Sep 2020 07:06 PM PDT My employer notified me that they made an error in the 401k matches that was discovered by an auditor, and that as a result, they will be taking pretty much all the employer matches for this and parts of last year out of my 401k account. The way they explained this to me was like this: I am one of the few employees that front load their 401k account in the beginning of the year (I typically max out by March or so), and that's always been fine (I've been with the company for years). They have always continued to "match" until the end of the year. So I just get some $300 per pay period in my 401k after I've maxed out. However, when they switched from Voya to Fidelity some year and a half ago, they continued doing that --- i.e. they continued the employer matches throughout the rest of the year even when my contributions were already maxed out. Now they are telling me that according to the terms of the Fidelity contract or something they were not allowed to do that and that they have to take the money back. And that there is nothing I can do about or they could do about. Effectively, or at least that's how I understand it, after they've taken their erroneous contributions back it will be like I didn't contribute at all for 9/12 months of the year. This may sound shady but I trust my employer, so I think it was an honest mistake on their part. That doesn't make me any happier about it though. I've so far only spoken to the payroll person and not to anyone else. Do you guys have any suggestions on how to proceed or what to do? Do I just have to suck it up, or is there any way I can keep the money? [link] [comments]  |
| Received my bill receipt for my rental car over the weekend, totaling $1649.14 for one day Posted: 01 Sep 2020 07:30 AM PDT Hello r/personalfinance, If this is the wrong sub, please direct me to a better suited one. TL;DR at the bottom. Alright so, over the weekend I rented a 'mystery vehicle' from Budget. The mystery vehicle in question ended up being a Dodge Grand Caravan.. we had a good laugh about it but it only served its purpose of getting from point A to B and back. Van was prepaid for $54.57 (cheaper than the ridesharing we would have done) and picked up at Cleveland Hopkins International Airport. We drove it from there to our hotel, a pitstop for snacks and coffee, back to the hotel, then finally back to the airport with the necessary fuel stop on the way. The rental lasted for exactly 24 hours. According to my Google Maps Timeline, the total distance drove in it was 53.5 miles. I had 150 miles free for the day according to the rate. Then today, I was reviewing my statements and noticed the charge on my credit card. Huh, I thought, maybe one of those weird deposit charges that went away after the rental was complete? Nope, I had a bad feeling about it and went to my profile and pulled up the receipt. My heart sank as it reflected the charge on my credit statement. How? I scanned the receipt and saw the charge for miles.. I found the odometer readings from before and after and the difference was 2695 miles. The total driven distance was 2695 miles. Odometer out: 20055, odometer in: 22750 HOW? I attended and was in a wedding, but let's say if I didn't do that, what fun could I have had in the van? The van I had rented after flying to Cleveland? My own 24 Hours of Le Mans? Maybe take a joy ride across the country to Austin, TX for brisket (but flew to Cleveland first) and back? For such a trip, and following the speed limit would have taken 40 hours and 20 minutes nonstop. If you do the math, my average speed would have had to be 112.29 MPH the entire 24 hours of those 2695 miles. Sorry for the long post, I'm just trying to find humor in such a situation. I have already called their customer service and filed a claim and have a claim number that will apparently be resolved in 5-7 business days. I had to ask for it, nothing specific on whether they would call or email me. I'm just afraid they won't see the obvious error and will fall back on their odometer readings as their defense. Has anyone else been in a similar situation? What do I do now? Wait? Do I dispute it with my credit card company? I can't afford that much money for nothing. I'm looking for advice on my next steps. Thank you. TL;DR - Rented a van, prepaid $54.57 for 24 hours, charged $1649.14 for the odometer reading stating 2695 miles were driven. Seeking for advice. UPDATE: Budget actually came through today and corrected their mistake! Also, a big shout out to all of you for the advise and laughs. I did not expect this many people to reply or reach out at all.. y'all are awesome. I know this situation may seem simple but just a reminder that: 1) there's people who are willing to help with any situation, 2) keep a calm head when dealing with companies that make mistakes. We're all human and 3) cover your own ass just in case! [link] [comments]  |
| Getting married, what are some tips for married life and combining assets? Posted: 01 Sep 2020 11:34 AM PDT Hi there, marrying my fiance soon. Both 30, employed, no debt, living in major metropolitan city on the east coast. Both have Roth IRAs, 401Ks, modest investment portfolios, saving each month, etc. Overall, finances are healthy and organized. My question is regarding the process of combining assets. How did you guys go about shifting funds into a single account? Did you combine your brokerage accounts into a single account or keep them separate? A bit of a "I don't know what I don't know" situation. Any tips appreciated. [link] [comments]  |
| When I realized how much I spend on Starbucks Posted: 31 Aug 2020 04:22 PM PDT I realized that I've spend $350 on Starbucks in the past two months... it started out just an occasional coffee every couple days then every morning, then I started getting breakfast along with my coffee.. My coworker gets it every morning so I figured, if she can afford it, so can I.. I mean, I was easily spending $7 every single day... I'm so mad at myself for letting it get this far, but I've bought some pre-made iced coffee and some microwave breakfast sandwiches... wish me luck [link] [comments]  |
| How to save for retirement if I will be too blind to work by age 50? Posted: 01 Sep 2020 01:56 PM PDT Hi all, I'm a recently graduated college student with a decent job. Long story short, I have a degenerative eye condition that affects my vision. According to professionals I will be legally blind by the time I'm about 45-55. I'm wondering how to best prepare for my future if I may need to retire early and rely on disability income in my 50s. What kind of retirement account should I set up? How can I best allocate my savings for my future if I may need my money before a typical retirement age? Currently I make about 50k a year and am able to save about $750 a month. edit: My current employer does not offer retirement match unfortunately. Edit2: To everyone telling me that blind people can work I obviously know that's the case. Not every blind person who wants to work is able to and I want to be prepared for that possibility. Certainly if I am able to work I would prefer to. [link] [comments]  |
| Posted: 01 Sep 2020 02:15 PM PDT Hi, my father died in 2011 and today we (me and my mother) were going through some old documents and came across a 401k investment paper of some sort from nationwide, and so we called nationwide and they said there was a 401k through them but my fathers company transferred the 401k to another company and so they no longer had the money with them(?). Nationwide said to call the company my father worked for to look into the 401k which would be Hirchmann Electronics, but they do not have a U.S. number to call. Any ideas on how to go about finding this or where it went? Am currently trying the social security office. [link] [comments]  |
| Keep getting calls from Amazon delivery drivers Posted: 01 Sep 2020 03:43 PM PDT Over the past month or so, we've been getting calls from delivery drivers from across the country (UK) to our home phone. They say they have a package they want to deliver and they can't find the address, but they're always in cities miles away from us. It's gotten to the point where we're playing Amazon bingo, trying to guess where the next driver will be calling from. We can't figure out why this is happening and if it's some sort of scam we can't think of. We're more curious than concerned, but would appreciate any info on what might be happening. [link] [comments]  |
| Posted: 01 Sep 2020 07:43 PM PDT Sorry if I posted this on the wrong subreddit. If anyone knows please direct me to the right place. About a month ago I received a letter from GEICO saying I enrolled in autopay for my auto insurance policy. The catch is that I was never a GEICO customer. The policy was under my name, SSN, and address but the bank account was not mine. I called GEICO to cancel my policy and told them about my situation. This hardly makes sense if it's a fraud as why would the person use HIS/HER money to pay for MY insurance? Yesterday I received a check from GEICO stating that it's a refund due to recent policy adjustments. I also called my bank asking if there's a hidden account opened with my information, and there was nothing, so it seems like my bank account is safe. This is one of the weirdest things that has happened to me and I have no idea what that person is up to. Has any of you ideas or experience with this? [link] [comments]  |
| Posted: 01 Sep 2020 01:08 PM PDT I have $12k in credit card debt. I've spent frivolously on food, toys, and travel. I slowly watched it happen and after maxing out two Chase cards I stopped spending with my cards. For over a year now I have only been using a debit card. But my debt has only gone up with interest. I know the steps I need to take. I've known for years. I know I need to save up an emergency fund. I know I need to tackle each of my credit cards with ferocity, one by one, while making minimum payments on the rest, until I am debt free. I want to be debt free. But I haven't wanted to be debt free enough to make it happen. I'm almost thirty years old with no savings. I can't make the moves I want to make. I don't have "fuck you" money to walk away from a bad situation. The only retirement funds I have were set up by my parents and I've never contributed to those accounts. I could just take money from those accounts and pay off this credit card debt and theoretically save money in the long run by not paying so much interest over time. But I know this isn't a math problem; it's a behavior problem. I need to be happy with what I have. I need to actually stick to the budget I write out. Tell me I can do this. [link] [comments]  |
| Should I take cash out of my paycheck to reduce spending? Posted: 01 Sep 2020 04:46 PM PDT I have a tendency to spend because it's so easy and I can't see the money leaving my pocket when I swipe my card or buy online. Should I make it a habit to take a certain % out in cash to reduce spending so I can see the money being spent? Obviously need to leave some in my checking to pay bills online but does anyone recommend this? Or should I just freeze my debit card [link] [comments]  |
| Can I keep my credit frozen indefinitely? Posted: 01 Sep 2020 06:25 PM PDT Is there any reason not to keep your credit frozen indefinitely? I'm not applying for credit cards or loans every other week, I see no reason to not freeze it, and from my understanding it is very easy to unfreeze it for a short period of time if you do find yourself in need of a credit check. [link] [comments]  |
| Where is the best place to put money? Mortgage, student loans, or investing? Posted: 01 Sep 2020 08:20 AM PDT Background info: I'm a 24 year old woman with a job in STEM my salary is $74k a year. I lucked out and got this job immediately after graduation. School left me with roughly $70k of student loans. $13k in federal loans at 3.5% interest and the rest in a scattered amount of private loans. I think I had four private loans with interest rates ranging from 5-9%. I spent the first year out of college trying to wrangle in my debt and now have all the private loans consolidated at 4.5%. In the two years since graduation I've got the private loans to $37k and the federal loan at $12k. For the most part we're just going to ignore the federal loan. The interest rate is low enough for me to find it unproblematic. Right now I have $10k to use in one of the three options. (I have $5k as a constant emergency saving and $20k in my 401k but I'm not touching either) Options: Buy a house- Mortgage rates are at a crazy low! Where I live there are a lot of programs to help a first time homeowner and I'd need barely any money for a downpayment. Overall a safe investment and on a personal note I've moved close to 7 times in the last six years. I miss having a place I look forward to returning to and I can call my own. Also where I am rent is pretty much equal to a mortgage. But this is probably one of the riskier and more expensive options. Keep throwing money at student loans- Typically I throw all my extra money at student loans, around $2k each month. At the current rate I could be debt free in two years! Invest- I have $4k in investments currently. It started as just money I'd feel okay losing. But in the past year and a half I've gained 60%! I dont know if putting money there makes more sense than student loans. It's considerably less dependable. End note: I just want to make sure my money is doing the best for me that it can! Thank you for any advice! If there is any more info you think is needed I'll add it asap! Added info: Credit score 754 Rent $550 utilities included but my landlord/friend is planning on selling next year. Usual rent for the area is $1500. Regular monthly stuff, $90 for transportation. $200 for food. Roughly $30 for things like spotify, hulu, netflix, some of these I split with others. [link] [comments]  |
| Posted: 01 Sep 2020 06:05 PM PDT Hi I am currently 19 attending ASU and I have been saving up for the last year or so and have a few thousand dollars and am looking for opinions on whether to keep building up my savings or if I should invest it into other things? [link] [comments]  |
| I have spent $15,778 on myself this year. Help me change. Posted: 01 Sep 2020 04:30 AM PDT While I have saved 10K this year, I have also spent $15,778 on myself. I had money saved at the beginning of the year and was meant to go on a 6 month trip around Europe and then was planning to move overseas. Which obviously fell through. With a lot of time spent at home on my own, I thought I'd treat myself to a few things. But now I feel addicted to online shopping and have no filter for my money, its like I had no care at all for my spending. I want to change that, so I have worked out all my spending for the year, not including food and other necessary things and feel sick. I moved back home before covid thinking I'd be travelling, so I don't pay rent currently. I would appreciate any tips to stop these habits. I have 30K (AUD) saved. I could have had 45K. I guess its done now but I am evaluating what things I really need and what has been a complete waste. Another thing, I have felt very down this year, and I think I just got to a point of really not caring for anything. I would just lie in bed doing nothing on my days off. The past 8 weeks I have started working out and feeling a bit better. I don't want to spend my time in lockdown buying stuff anymore and want to save for future travel and a house deposit. I currently have a savings and everyday spending account. But I can transfer between the two very easily. If you are wondering what I spent that on, it ranges from skincare to gym equipment, clothes, laptop (old one broke), books, jewellery, homewares and furniture. [link] [comments]  |
| what to do about life insurance policy Posted: 01 Sep 2020 05:42 PM PDT Redditors, I'm in a unique situation A little backstory: When I was 18 years old, I inherited a mutual fund from my grandparents, and a financial advisor to go along with it. The advisor convinced me to invest in a life insurance policy, specifically a multi-index universal policy. He told me it would serve as a tax advantaged vehicle for retirement and I believed him. I signed onto a monthly premium of $300 (which was extra high because I was a tobacco user at the time ... sigh) to be payed from the dividends generated by my mutual fund. Fast forward 7.5 years - I am 25 years old, have no spouse or dependents, and have sunk $27,000 into this policy. The current cash value is $22,000 and surrender value $13,500. The death benefit is a little over half a million and my mother (who is perfectly financially stable) is the sole beneficiary. What is my best course of action? My gut tells me to cut my losses and invest the surrender value elsewhere. But maybe I've invested too much at this point to turn back? Is there any possible way the policy could be worth keeping? To make matters worse, I have three younger siblings each in the exact same position. [link] [comments]  |
| Posted: 01 Sep 2020 08:21 PM PDT |
| Taking a closer look at my 401k investments... help me re-allocate Posted: 01 Sep 2020 06:47 PM PDT So I decided to raise my 401k contributions to 10% in order to save a little more towards my retirement and lower my taxable income while my expenses are a little bit lower. My 401k defaulted to a 2050 target date retirement, and it was set to an 87/13 stock to bond ratio. I feel like the bonds are too high as I am only 30 and don't plan on retiring for a while, and am fine doing an aggressive investment strategy. I already have my own brokerage account in which I invest, and am working towards maxing out my Roth for this year. This is how the investments are allocated, and this is the available investment options on my plan. Thanks in advance! [link] [comments]  |
| Is there any sort of "first job guide" resource for people just starting their first job? Posted: 01 Sep 2020 08:19 PM PDT Hi, I'm a junior in college. I just recently got hired by my first job for 16 dollars an hour in Long Island, NY. I got an offer letter and still have to file paperwork, but I wanted to know what to expect. How does having a job work? How will paychecks work? How will I pay taxes? How should I act in a workplace? How does disability accommodation work (this is the most important thing I need help with right now)? Etc? [link] [comments]  |
| Posted: 01 Sep 2020 06:28 PM PDT My wife left her previous employer. Her previous employers 401k company was Vanguard. The previous employer gave profit sharing which was automatically deposited into her traditional 401k, and then her manual contributions were into her Roth 401k. Her new employer doesn't offer a 401k, so we are looking to rollover her 401k into a Charles Schwab IRA / Roth IRA. When we opened her account with Schwab the options were to open an IRA, Roth IRA, or Rollover IRA. As far as I can see on Vanguards website and iPhone app, it doesn't seem to differentiate which monies are part of the traditional vs Roth portions of the 401k. I want to rollover her traditional 401k into the Schwab traditional IRA which I don't think we will have an issue with, but I had a couple concerns regarding the Roth portion.
Thank you all. [link] [comments]  |
| EDD gave me an account with $20k, is it actually mine? Posted: 01 Sep 2020 07:56 PM PDT Hello! I live in CA and am a college student. Note: I have never worked officially. I received 2 pieces of mail telling me I was available for EDD money (the first was the actual letter, the second was a recalculation that gave me more money..?) but I assumed it was a scam or something since I have never worked. I created an account on the EDD site but didn't apply for anything. Then, I received a third piece of mail from EDD with a debit card. I activated the card assuming it would fail or error out and assuming I would need an EDD ID or some sort in the process. It went through, and the account has $20k in it, most of which was deposited all on one day and all of which was deposited by EDD. This is suspicious as fuck and while I would gladly accept a free $20k, I don't think the money is mine to keep. I have not touched any of it. What should I do? [link] [comments]  |
| Posted: 01 Sep 2020 05:59 PM PDT He was furloughed from March to June when they brought him back to work. After he was back a week and then he was sick for two weeks. Then while sick decided to seek other opportunities and sent them notice via email. He just received an email that states he has to pay back what he collected on unemployment to the tune of 3k. What can we do? I assume his former employers are just just being dicks to cover their own asses for whatever loan they took. It was a small business that was poorly run. But it could be that he's actually on the hook for the unemployment after only working a week when he was brought back. Please advise. [link] [comments]  |
| Posted: 01 Sep 2020 07:30 PM PDT Someone you could lay your current financial situation in front of for an hour and ask Advice on what to do? More savings/investment, IRA/401k/mortgage - not a lot of debt, but one-time fee, not looking for someone trying to make commission or put my money into their BS. Does that exist? [link] [comments]  |
| Avoid Loan Depot for your Mortgage Posted: 01 Sep 2020 05:56 AM PDT My family has been working on a typical 30 year fixed mortgage with Loan Depot since the end of June. We are still not clear to close and have been sitting in Conditional Approval for months. Underwriting asks for the same documents over and over again. Our loan officers (four of them, thus far) are obviously overwhelmed with a very busy time. The company is understaffed and unable to get us cleared to close. Vacations and holidays delay the process even more. We are about to deal with our 5th and 6th loan officers. They copy / paste computer generate underwriting lingo without translating it and leave us in the dark with no care or explanation. They never initiate contact with us, I am following up every week to be met with conditions that have already been provided that the loan officer couldn't be bothered with checking their own portal for, where we have uploaded them. They don't receive the faxes they request and don't confirm this until weeks later. They ask for CPA letters that have to be redone because we supply them "too early"! It's generally mind-fuckery and extremely poor communication. We are a number in their large and overwhelmed system. Please, for the sake of your family, go with any other company aside from Loan Depot for your mortgage. I cannot express my devastation enough for choosing them. Update: this is a first time purchase, 30 year conventional that we locked at 2.875% in mid-late June. [link] [comments]  |
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