Personal Finance Ally adds "Consent to Share Personal Information" to Service Agreement; mentions the PATRIOT act |
- Ally adds "Consent to Share Personal Information" to Service Agreement; mentions the PATRIOT act
- Using retirement funds for down payment
- If a collection agency contacts me, will that hurt my credit? My car was stolen...
- Co-signers regret
- Stolen car was recovered and the tow yard wants more $ than the car is worth - what are my options?
- Lost money in robinhood
- My college apartment will be uninhabitable for at least a week due to my roommate’s mistake. What should I do?
- Is this something I can do?
- Finding the balance between saving and living
- What are the best strategies and resources for withdrawing money when one retires with a 401k (funded pretax), Roth IRA, HSA, and reaches Social Security eligibility.
- What are the most common ways peoples financial or credit card information is stolen?
- Does asking for a credit line increase hurt my credit score?
- Need advice deciding beneficiary
- 401k contribution amount
- If you get a mortgage and buy a house on TN visa, then move back to Canada, can you rent out the house and keep paying the mortgage normally?
- Anyone know how I can run a rental check on myself?
- $25k to invest in addition to normal investing
- Deposit limits for new checking accounts?
- Leaving the country for 4 months, possibly semi-permanently. Bought a new car in January. Store it or sell it?
- Saving up to buy a rental property? Where’s the best place to stash my savings over the next 2-3 years to ensure it continues to grow?
- When does it generally become worth involving car insurance for an accident
- Can I dispute hard inquiries on my credit report?
- An immigrant looking for financial advice.
- 24 years old - 1099 Taxes Question - need help figuring out budget!
| Ally adds "Consent to Share Personal Information" to Service Agreement; mentions the PATRIOT act Posted: 10 Oct 2020 07:56 AM PDT https://www.ally.com/resources/pdf/bank/ally-bank-obsa.pdf Not that important, I just thought it was interesting they called the PATRIOT act out by name. [link] [comments]  |
| Using retirement funds for down payment Posted: 10 Oct 2020 10:43 AM PDT I am wanting to purchase a family farm that is held in an estate of a late grandmother. The down payment is roughly the same amount as the share in the estate that should be dispersed back to me when the estate settles. To satisfy the down-payment, I would need to float about $25,000 for 3-6 months till the estate settles. I have about $10-15,000 in savings I could part with but I'm looking at possibly utilizing some of my retirement funds to help close the gap. I have the following: 401k: $60,000 Spouse 401k: $15,000 Roth IRA: $10,000 Spouse Roth IRA: $25,000 (converted from Traditional IRAs over the last 1-3 years) HSA: $15,000 I am normally 100% against using retirement assets to fund purchases of any kind, but considering that I am only floating this money for a few months then can put it back via increased 401k and Roth contributions (I don't max out) after the estate closes, this seems like the way to achieve my goal of keeping the family farm from being sold off. I've thought about a 401k loan, but the monthly installment payments add risk and put a cash flow burden on me that would be challenging. Not to mention it would have to be considered when applying for the loan. If this is the best option, I will consider it. What is the best way to use those assets without getting eaten alive in taxes or penalties? [link] [comments]  |
| If a collection agency contacts me, will that hurt my credit? My car was stolen... Posted: 10 Oct 2020 06:14 PM PDT I was told to come here. I received a letter today from a collection agency that I owe a local gas station $25. On Easter Morning 2019 my car was stolen. In May of 2019 I was contacted by my local gas station that I owed them $25 in stolen gas. I gave the company the information from the police report, the officers information, etc and they said it would be taken care of. 18 months later.... TODAY. I received a letter from a collection agency that I have not paid on a debt of $25. I have not been contacted about this in 18 months. I do not care about the fucking $25 I just don't want my credit ruined because I'm trying to buy a house and have an appointment with a banker THIS THURSDAY! I thought this was done and if getting my car stolen in 2019 means I can't buy a house in 2020/2021 I'm going to be seriously pissed off. How do I find out if this is going to, or already has affected my credit? Should I pay the $25 immediately? [link] [comments]  |
| Posted: 10 Oct 2020 07:53 PM PDT A couple years back I cosigned on a car for someone that I thought was dependable as a way to help them out. While we were close friends at the time, we now have not spoken in over a year. Today I got a hit on my credit for delinquency on their account and it hit pretty hard. What are my options to get out of this situation? [link] [comments]  |
| Stolen car was recovered and the tow yard wants more $ than the car is worth - what are my options? Posted: 10 Oct 2020 04:33 PM PDT The background details on this are weird and lengthy (because, ya know, 2020) and ultimately unimportant so I'll just skip them. In any case, I had a car stolen, and then it was recovered and towed. It's an 03 Civic Coupe LX with 200k miles and a bevvy of issues - it's not worth much of anything, and if I do take possession of it I will most likely be scrapping it for $430. Also because it was a beater I had state minimum insurance, so insurance will not be helping one bit. A whole bunch of COVID related BS meant that it was 7 days between when the car was towed and when I was able to get a release from the police station and into the tow yard office in their now extremely limited hours. $100/day storage fees plus whatever else means they now want $930 to release the car to me, or $685 to pay... something, and they keep it (we were in the middle of figuring out where they even towed my damn car when their office closed but they told me they won't charge another day's storage fee if I'm back tomorrow). Yes, if I can scrap it for $430 (first quote I got, haven't looked too too much into this yet) in general the $245 difference would be a no brainer, but I also had to travel 2,500 miles to come deal with this on basically no notice so there are a bunch of additional expenses that come with staying here any longer than I have to, and ideally I'm doing whatever I have to at the tow yard at 8 AM and then hopping on a flight back to where I was, and where my nicer newer car is in airport parking. I haven't even been able to see the car yet at this point, I have no idea if it's drivable, or if there are new issues, or what has happened to it - it was almost 2 weeks between when I reported it stolen and when it was recovered, and a debit card that was in it for an account I didn't have any money in/don't use was used for fraudulent charges, so I don't have the highest hopes for the car being in the same already kinda crappy shape it was in prior to being stolen. I've done some googling around and looked at past reddit threads, but there's a frustrating amount of conflicting information, and I was hoping to get a straightforward answer. What are the likely (or definite?) outcomes if I simply do not pay even the $685? I have a clean title in hand and on my person, along with a car key - what leverage might this offer me in any potential negotiation with the tow yard? Is there anything else I should be aware of, or anything I'm not taking into consideration? This has been a nightmare and I just don't want to make any more mistakes in dealing with it. My gut instinct is to just pay the $685, write this off as a really shitty experience, and move on without worries.. [link] [comments]  |
| Posted: 10 Oct 2020 07:54 AM PDT Hello, I have (over the course of about two years and two months) lost 2038.77 dollars and pulled the rest out of my robinhood account. What can I do about taxes for this? I don't currently have a job but i think I'm about to get one but anyways...what can I do as far as taxes go? Can I pay less now that I lost money in the market?...(does this number stay with me for some years or did i miss my chance not filing my taxes with it included since i started investing and was just losing money) I don't remember any of the details on this and it looks like you have to pay for turbotax premium to input robinhood stuff which I don't want to do as paying money to show I lost money doesn't sound like the best idea and I should be able to do it for free somehow right? Any and ALL information would be very much appreciated, thank you all! (if you guys need any more info lmk) [link] [comments]  |
| Posted: 10 Oct 2020 12:14 PM PDT I'm currently a first year medical student. I am married, but my school is in a town about 1.5 hours from school so I rent an townhouse near the college with two other roommates. When we first moved in, my roommate asked if it was okay if she installed a bidet hose to the upstairs bathroom that we shared. I didn't mind and told her to go for it. She bought some hose from Amazon about 2 months ago and installed it herself. I had inspected it myself and never observed it to leak or cause problems. However, a few days ago, as I was leaving class, I got a phone call from apartment management informing me that the bidet attachment had broken and flooded our entire living space. I arrived home to find water literally pouring from our front and back doors. Inside, water was pouring from the ceiling drywall and light fixtures, as well as seeping from the walls. There was about an inch of water in the kitchen and the carpet was soaked through. The damage was so extensive, that it even effected the townhome next to ours. Luckily, none of my personal belongings were affected. I was informed by the apartments that extensive repairs (ripping out the drywall, ceiling, kitchen cabinets, and downstairs and upstairs flooring) would take at least a week and we would not be able to live on the premises during this period. I was not worried, initially, as I have renters insurance (shared with the roommate who owned the bidet). However, this is where it gets tricky. My roommate picked the policy and coverage. Normally I always include overflow damage coverage to my coverages (it's not that much more expensive in comparison to potential costs and it's the most likely type of damage you will encounter to your living space). I stupidly, never read the coverage info or asked my roommate about it. She did not include this coverage. So not only will the insurance not be covering repairs due to the damage, but it will also likely not be providing reimbursement for alternative living arrangements while repairs are made. I will not know this for sure until I speak to the adjuster on Monday, but based on wording from the contract, this is likely the case. I am currently at the home I'm sharing with my husband in my home city for weekend, but I need to be near my college. I have almost daily mandatory in person commitments. My school will not allow me to be absent from them under any circumstances. I'm already being reprimanded from missing a class Friday since I left town, as I had no where else to go. However, my budget is not built to not only pay the rent for a place I can't live in, but pay for a hotel room. One of my roommates doesn't have the same busy in person schedule that we have, so she is just staying with her family in another city and commuting. My other roommate (who's on the hook for the damage), is staying "with a friend" near the college. I have no close friends in the town where the college is located. My only real option is a hotel room or sleeping in the study rooms on campus and washing my lab clothes at a laundromat. I'm wanting advice on how I should approach handling this situation. Tl;dr: my roommate made a modification to a toilet that flooded the apartment, leaving me temporarily homeless. What do? [link] [comments]  |
| Posted: 10 Oct 2020 02:54 PM PDT Posting this from an alt account because I don't want it associated w/ my real account. I'm a 33 year old guy who has a job making right at 95k, don't have a college degree. The only debt I have is a 10k car loan and a 0% interest credit card with 2k on it. I have ~107k in "available" credit on my credit cards and a 776 fico. I have ~100k in a 401k another ~30k in a checking account and I pay utilities and rent on a house my family owns. I don't honestly don't spend too much. After covid I've basically just been saving everything incase something would happen with my job. (I don't think anything is going to happen though? *knock on wood*) My dad called me up the other day and basically said "hey have you ever thought about buying that house?" talking about the house that I live in. I said yeah but didn't think I could ever buy a house of this size or anything. Long story short he wants to sell me the house which I want to do but have no clue if I can actually qualify for this house? The house is worth 700k he wants to sell it to me for 300k (what is actually owed on it currently). What is the best way to buy the house? I attempted to call some lenders today but seems that they're not working and Monday is a banking holiday. I'm feeling anxious because I feel like 300k is a crap load of money and I certainly don't have the money to buy it outright. From doing the calculator(s) I feel like I can afford this house? I also contribute 8% to my 401k and my employer matches that 100%. Do you think I will be able to purchase this house? It seems like I might face some issues getting a loan for 300k if the house is worth 700k due to it not being "fair market value?" I really should know more for my age... But haven't really been the best with money. Thank you for any help and/or advice. Edit - Since I read the thing. Single. No kids. [link] [comments]  |
| Finding the balance between saving and living Posted: 10 Oct 2020 05:42 AM PDT 27M. Been struggling recently with saving as much as possible vs having fun with SO and friends. Dinner and drinks for $100 or stay in and cook a cheap meal. Situations like that. How do you all strike a balance between enjoying life but ensuring you are financially sound and set up for the future and accumulating wealth? [link] [comments]  |
| Posted: 10 Oct 2020 07:02 PM PDT |
| What are the most common ways peoples financial or credit card information is stolen? Posted: 10 Oct 2020 03:59 PM PDT Many people I know at some point have had fraudulent charges in their name at some point in their life but there usually isn't definitive follow up on how the information was aquired. [link] [comments]  |
| Does asking for a credit line increase hurt my credit score? Posted: 10 Oct 2020 06:16 PM PDT I'm planning on purchasing a car in the upcoming weeks and planning on paying a down payment. My current credit line is not enough for how much I was planning on putting down, but I'm worried that applying for the credit line increase is going to hurt my credit score right before I head to the dealership. I called the bank that my credit card is with (Bank of America) and the lady told me that it would not affect my credit score at all, but that's different from what I've read online. Any advice on this would be appreciated! [link] [comments]  |
| Need advice deciding beneficiary Posted: 10 Oct 2020 08:22 PM PDT I have 2 life insurance policies (one through work and one my grandparents opened for me at birth that I now pay for), an IRA, and a 401k. I don't know who to mark as my beneficiary - it was a long term partner but my relationship recently ended. I am 27 and also no contact for many years with parents. My main goal is if I do die, I want my debts paid and my cats taken care of together (and not go to a shelter). Who should my beneficiary be? [link] [comments]  |
| Posted: 10 Oct 2020 10:01 AM PDT I just graduated college this spring and started working full time. I'm living with my parents and working remotely bc of corona and my company has stated that employees won't be returning to the office until at least April and my company will provide me with an additional relocation once it's finally time to move. I already have 25k saved up bc my expenses are practically 0. Should I go ahead and try and max out my 401k contribution for the year? It would mean contributing 75% of my income until January, at which point it would be lowered to 10-15%. This would also be around the time I would have to start paying off student loans. [link] [comments]  |
| Posted: 10 Oct 2020 08:05 PM PDT Texas. Or are there any special rules? Will I have to forfeit the mortgage and sell the house right away to pay it off? Will I be able to sell the house while I'm in Canada? (Eg. Have a realtor do it while I'm in Canada)? What should I expect? [link] [comments]  |
| Anyone know how I can run a rental check on myself? Posted: 10 Oct 2020 03:06 PM PDT Just need to check if my previous land lord left bad reviews or a balance. My credit report shows a $0 balance with my former land lord. [link] [comments]  |
| $25k to invest in addition to normal investing Posted: 10 Oct 2020 07:58 PM PDT I currently max my 401k and IRA contributions as well as invest about 1k monthly into a 3 fund vanguard portfolio. I've sold a vehicle and instead of having this 25k just sit in a high yield (not so high anymore) savings account, I'm thinking of investing. I've been reading about dividend etfs like DGRO, SCHD, and VIG. I'm still not completely understanding benefits and drawbacks of a high yield dividend fund vs say VTSAX. Is it just income vs growth? Would taking this 25k and putting it all in VIG, or 50/50 in VIG/SCHD be a bad idea, or would that be a good move for more diversification? [link] [comments]  |
| Deposit limits for new checking accounts? Posted: 10 Oct 2020 07:49 PM PDT Our old internet bank (State Farm) has been bought out by US Bank, and so we decided to switch to a new, local bank for our new checking account. I had forgotten how much time it takes to get all the autopayments set up. Anyways, today I tried to deposit a paycheck (next month's checks will be direct deposited, but this month's arrived in the mail), but got an error message, that the deposit exceeded the daily limit. I was stunned and convinced this was some glitch, but a second and third attempt got the same error message. I went online and found this on their site: The maximum aggregate deposit amount for "new customers" shall not exceed $1,000 in any rolling thirty (30) days. You are a "new customer" for sixty (60) days after you open your first Account with us. OK--is this unique to my small town bank? Or is this common for any bank? Just in the US? I probably wouldn't have signed up for an account with this bank if I'd known this limit existed. [link] [comments]  |
| Posted: 10 Oct 2020 05:32 PM PDT Hello, I have a situation that I'd like to get thoughts on from a PF perspective. I'm preparing to leave the US for ~4 months in the near future. There's a fairly decent chance I might stay out for much longer or just not come back. My work is completely remote. I don't have a house and have cancelled my lease here. My only financial commitment is a car that I bought new in January. (I did not expect 2020 to go the way it has gone.) I am unsure whether to it makes more sense to store the car or sell it before I go. If I store it, I have family nearby who would be able to sell it for me in a few months if I end up staying gone for longer I am in a relatively comfortable financial position. I could sell the car for almost exactly what I owe on it. If I did end up back in the US in 4 months and needed a car, I could comfortably get one. (That said, I am only using it a few times a month at this point, and not really sure whether I need it.) Obviously if I sell it now I've lost a few thousand for the initial depreciation and taxes, but at the end of the day it's not as much as I thought it might be. There is also a possibility that I might offer to sell it to a family member or friend for the same amount that the dealer would offer. I'm in a state that charges ad valorem tax up front on a car purchase, but not when purchased from family, so there is an incentive there. I also have a friend looking for a car in a comparable price range, but since they're buying from a dealer it would be older and with more miles. Any clear thoughts on this scenario? Are there any big reasons why I should hold on to it? [link] [comments]  |
| Posted: 10 Oct 2020 05:11 PM PDT Saving up for my first rental property. Not ready to buy yet, but want to make sure I'm holding my money where it can grow. Any thoughts from those who've been through this before would be extremely appreciated. [link] [comments]  |
| When does it generally become worth involving car insurance for an accident Posted: 10 Oct 2020 11:12 AM PDT So, earlier this week I scraped up my car on my roommate's car, he was parked in a location that is usually left empty so that he wasn't on the street. He wasn't in his car, it was entirely my fault. My car only got scraped a bit so I am probably just going to sand it down and apply a new coat of paint, but the angle I came in at resulted in some damage to his front fender. He took it to a few body shops and got quotes, the one he trusts the most is a bit under $1000, but he might need a rental for the 4 days that it is expected to take which would drive the cost up by a lot. I haven't involved insurance yet (I have USAA) since I don't want to deal with the price hike, but if he does end up needing a rental I am not sure if it becomes worth involving insurance. Right now the plan is for me to fully re-imburse him for any expenses out of my own pocket. [link] [comments]  |
| Can I dispute hard inquiries on my credit report? Posted: 10 Oct 2020 05:00 PM PDT Started looking to buy a house recently, so I took a closer look at my credit. It's not good but I'm working to improve it. In the process I just there have been 13 hard inquiries in the past year and a half. I was taken aback as I applied for a couple of airline credit cards, but that's been it. Taking a closer look it turns out 11 of those 13 inquiries were initiated by a dealership I bought a car from last fall. They shopped rates with 11 different lenders, without my knowing or permission! I feel like there has to be a way to dispute at least a majority of these, right? What are my options? [link] [comments]  |
| An immigrant looking for financial advice. Posted: 10 Oct 2020 03:23 PM PDT So I immigrated to the US two years ago and I'm currently in the Midwest. I moved here for a master's degree in engineering and had on $2000 to my name. I got a scholarship and stipend to sustain me through school and got two credit cards to build my credit. I bought a beater for $1000 bucks and used it when I had an internship a year ago. Currently, my credit score is 730 and I have a combined credit card debt of $2000. I have $6000 saved in my bank account and I just got a job I'm starting on Monday paying me $68k a year. I feel like I'm about to start life again in this country and I'm looking for financial advice on how to save and invest (401k, retirement, mortgage etc., American stuff). I also want to purchase a car, I'm looking at getting a car around the 12k range and finance it, is that a good idea? My beater started breaking down regularly. I know starting a job at 29 means I've lost almost 5 years of savings and 401k so any advice on how to catch up to the normal American 29 year old's finances? Thanks for the advice. [link] [comments]  |
| 24 years old - 1099 Taxes Question - need help figuring out budget! Posted: 10 Oct 2020 02:04 PM PDT I'm 24, still a master's student but going to be hired as an independent contractor on a recurring 3-month basis (to make sure both parties are happy and wish to continue another 3 months, etc.) I will be getting paid $2400/month, and will likely be spending $1200/month on rent. Is my net income $2400 or $1200? I'm not sure if rent counts as a tax-free expense if it's not "for the business". And would I just need to set aside 15.3% of my net income, or is there more I would need to set aside? Any help appreciated! Edit: I'm in Wyoming, so no state/local income tax, only federal. [link] [comments]  |
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