Personal Finance When negotiating a raise, what can I ask for besides a salary increase? |
- When negotiating a raise, what can I ask for besides a salary increase?
- Autistic brother gave out ssn
- Should I Pay Mother's Credit Card Debt as a Gift?
- I am paying 45000 for a 15000 car.
- Contribue to 401k or Taxable
- Warning about the Albert app
- Very low PMI, is 5% or 10% down on a mortgage better long term?
- We're trying to get pregnant and currently have a HDHP with an HSA. Does it make any sense at all to switch to a more expensive PPO plan with the same provider?
- Moved companies and have many 401ks, do I consolidate?
- (US) Hidden fees when movin Out for the first time.
- Tracking Capital Loss Carryforward - Manually?
- New Job, HDHP vs PPO vs EPO
- Looking for opinions on quitting a well-paying job for my mental health without a clear career afterward?
- Helo with budgeting and saving!
- Best retirement account for US citizen that wants to move to Czech Republic in 10 years
- Best way to upgrade new house?
- Switching from full-time hourly to a salaried position
- Got 30k+ from an accident settlement case and would like to diversify that money!
- Buying a car with a lien
- First salary job with 8% for full match, and I can contribute up to 50% per paycheck, what should I do?
- Questions about Pension into an IRA.Traditional vs Roth
- 401k Contribution period
- Envelopes system or 50-30-20 rule for someone on unemployment?
- How are HSA withdrawals handled if the money is invested?
| When negotiating a raise, what can I ask for besides a salary increase? Posted: 29 Oct 2020 06:25 AM PDT I was just offered a new job that would result in a 90% salary increase. However, I really enjoy my current job and I'm already financially stable, so I would rather stay here. I was up for promotion this year anyway, so I'm looking to use this offer to sweeten the pot. My boss told me flat out that they can't match a 90% salary increase (we're a smaller company), but he would try to get as close as possible, and asked if there was anything else they could offer to make up for the gap. What are the other chips I could play here that might be easier for my current job to achieve? All I can think of is extra vacation time (which I rarely use anyway) or a one-time bonus. What other benefits could I negotiate here? [link] [comments]  |
| Posted: 29 Oct 2020 03:35 PM PDT My 18 y/o brother started his first job recently. He talks on the phone to different people during the day. An "officer" called him and gave him bs info about a crime someone committed with his ssn...he gave this "officer" last 4 of his ssn, name, zip code. I walked in and asked him what was going on then hung up on the scammer. He just opened a bank account and was applying for different jobs so he assumed that it (last 4 of ssn) was information you gave out casually. What can I do to help damage control it? If this is the incorrect sub, please point me to the right place. [link] [comments]  |
| Should I Pay Mother's Credit Card Debt as a Gift? Posted: 29 Oct 2020 12:54 PM PDT Hi - would love to know if this is a reasonable decision. My mom's 50th birthday is coming up and I would love to pay her credit card debt ($22k) as a gift. I am recent college grad and have been working for a little over a year. This would wipe most of my high-yield savings account. My mom was a single mother and gave everything she could to my brother and I. All of her credit card debt can be tied back to expenses related to one of us. I know this is risky because it would wipe my savings account but it feels like the right thing to do since most of her cards have >25% APR and she doesn't make enough to put a significant dent in it. Also since I am able to WFH during this pandemic I have been living with her and helping with minor bills. I know I could replenish my liquid savings account quickly, but I also don't want to make a move that is financially damaging. This will have no impact on my 401K savings. It would be helpful to hear advice or from people who have given a similar gift to their parents. [link] [comments]  |
| I am paying 45000 for a 15000 car. Posted: 29 Oct 2020 03:38 PM PDT Is there any way for me to refinance this car. The monthly payments are $600 for the next 6 years and the monthly insurance is $450. It's only been two months and due to involuntary hour reductions at work I am about to be short my upcoming payment. I can already see this is a bad idea. I am thinking of filing bankruptcy and just giving up the car but I plan to call the financier first to see if the interest can be lowered or something. Any advice welcome. I make $2400 monthly Car+warranty+dealership fees is $20k total financed. Interest Rate is 26.8% annually for 72 months for a total of approx $20k. Edit: I plan to take all of the advice I found here and hopefully provide a positive update in the future. Thank you all for the advice [link] [comments]  |
| Posted: 29 Oct 2020 07:59 PM PDT I have been working at this place for almost 2 years. The company matches 1.5% (pretty awful, I know). The asset based fee is 1.38% annually. I'm currently just putting the match in and I invest myself into a taxable account after maxing my Roth IRA. Is the tax free nature of the 401k worth contributing more into even with this asset based fee? [link] [comments]  |
| Posted: 29 Oct 2020 04:18 PM PDT Albert app is a savings and budgeting app. Works pretty well afaict. The issue is with the "genius savings" they offer, where they use algorithms to detect if you have money they can save for you that shouldn't hurt your bank or send you into overdraft. I was $-9 in the bank (I get paid tomorrow and had an emergency I needed to dip into the negative for), and then Albert withdrew $9 and $12 giving me a $9, $12, and $35 overdraft charges. Good app, just stay out of the negative. [link] [comments]  |
| Very low PMI, is 5% or 10% down on a mortgage better long term? Posted: 29 Oct 2020 10:17 AM PDT I'm buying a $300,000 home (possibly less, due to some repairs needed). I have $30,000 saved for a down payment, as well as some for other closing costs. After speaking to my lender today, they gave me several options, two of which I'm interested in. Both are 30 year fixed at 2.375% interest. At 5% down, it would be $1812/month (including taxes, insurance, PMI). The PMI on its own is $59/month. At 10% down, it would be $1734/month, with PMI at $40/month. I'm trying to determine, long term, which is a better deal for me. My immediate assumption is that 10% down is better than 5% down, but at 2.375%, with a difference in payments during the PMI period of $78/month and after PMI of $59/month, I'm not entirely sure. The other option would be my parents moving investments around, gifting me $30,000, and I pay them back $30,000 over time, which A) isn't good for them and B) even at 0% interest, I believe it's a larger payment than $40-$60/month PMI. Any advice here? Thanks in advance. [link] [comments]  |
| Posted: 29 Oct 2020 02:46 PM PDT We are guessing that with pregnancy we're likely to hit the out of pocket maximum regardless of our choice. The out of pocket maximum is about $1400 more for the HDHP than the PPO. The deductible is $5000 more with the HDHP than the PPO. The HDHP plan would cost about $3000 less in premiums over the course of the year than the PPO. Our HSA balance has more than enough to cover the out of pocket maximum on both plans. But, we're not pregnant yet and who knows how long that will take. Is there any reason to switch to the PPO if the maximum we'll pay out of pocket is only $1400 difference? [link] [comments]  |
| Moved companies and have many 401ks, do I consolidate? Posted: 29 Oct 2020 08:32 AM PDT As I mentioned, I've moved companies 4 times in the last 10 years, so I have 4 different 401ks floating around with varying amounts (and they're across Fidelity, Vanguard, etc.). I'm not sure what makes the most sense, do I leave them as is or consolidate? Basically I've never put too much thought into figuring out how to plan for retirement (I'm 31 now) and have lots of assets lying around, not sure what the best way to manage it is. Thanks in advance! [link] [comments]  |
| (US) Hidden fees when movin Out for the first time. Posted: 29 Oct 2020 08:19 AM PDT So I'm looking at places to move into on my own for the first time and I understand rent and security deposits but I'm curious on some other hidden fees or deposits that I may not be aware of. Like utility deposits etc. [link] [comments]  |
| Tracking Capital Loss Carryforward - Manually? Posted: 29 Oct 2020 02:36 PM PDT Hey all, As I understand capital loss carryforward, I'm supposed to just manually track the loss each tax year going. Do any brokerages or tax software do this on your behalf? I usually use turbotax. Seems weird to keep an excel sheet from years ago that says "I lost money". I'll obviously keep the 1099-b that has the loss. Maybe it's just that simple. Example: Year 1: $20,000 loss, deduct $3,000 Year 2: $0 capital gain/loss, deduct $3,000 more from last year's loss. Now $14k loss remaining. Year 3: Same as year 2, now $11k remaining. Like that? [link] [comments]  |
| Posted: 29 Oct 2020 06:08 PM PDT 21 y old, healthy, but recently have been informed that need to go for semi annual ultrasounds. The HDHP is compelling because of the money invested in the HSA (not available with the other plans). I just started so I don't have anything in my 401k and IRA yet. But my thought is that because I know I have to go to these semi annual ultrasounds I should either do a PPO or EPO plan. Any advice/direction of what I should lean towards? Which plan should I go with? HDHP w/ HSA Yearly premium: $965 Annual deductible: $1500 Co-Insurance: 80% covered Out of Pocket Max: $4,500 HSA: $500 employee contributions PPO Yearly Premium: $1,378 Annual deductible: $350 Co-Insurance: 80% covered Out of Pocket Max: $3,350 EPO Yearly Premium: $1,031 Annual deductible: $350 Co-Insurance: 80% covered Out of Pocket Max: $3,350 Estimating each ultrasound to be around ~1k to 2k. Other than that, I haven't been to a PCP for around 2 years. I typically do not go to the doctors [link] [comments]  |
| Posted: 29 Oct 2020 11:05 AM PDT TL;DR I work for a great company with good people and benefits but am miserable in the job itself. Would setting savings goals, hitting those goals, then quitting and just getting a job to cover monthly expenses for a bit be worth it? I've been working at a start-up company for about 4 years, and have felt mentally drained from the job for the last 3. I've stuck with it because the company is doing well, I'm getting regular raises, they treat their employees incredibly well w/ terrific benefits (unlimited PTO, health, dental, vision, incredibly understanding bosses that encourage mental health days, long maternity/paternity leaves), and I've been able to work from home which allowed me to live in some different areas the last couple of years. Honestly, aside from the work itself, I couldn't ask for a better company to work for. With all that, I wake up dreading the day knowing that I have to sit and stare at a computer screen for at least the next 8 hours. The combination of working from home, being salaried, and working at a start-up also means the work never feels done. It's rare for me to have several consecutive evenings/weekends where I don't work or stress about work. I've gone through spells of minor depression from the work, I don't get any personal satisfaction from my job, and I constantly have this feeling like I'm wasting this little bit of time I have on Earth. For the past two years, I've been thinking a lot about what I might want to do for a job. While I've narrowed it down to a few, I'm still investigating and thinking, and am looking for ways to get out of this sooner rather than later. I would love to get some advice from folks who have been in a similar situation. I'm 26, and as of today, I have $12,000 in an emergency fund and $2,100 in my Roth. Monthly expenses are about $1700 (rent, utilities, phone, insurance, student loans, food, $50 of fun/week) After paying all expenses, I can save between $1500 and $2000 a month right now. Would it be a bad idea to max out my Roth for 2020 and 2021 (so I'd have 13k in it), build my emergency savings to $20,000, and then quit this job and just get a job or a few side jobs that cover my monthly cost of living? I'd look for something that I feel less beholden to, can clock out of mentally once I'm done, and ideally allow me to have more mental energy to put towards potential jobs/careers that both give me personal satisfaction and contribute more to a community or society. What I like about this plan is that I can set a very clear goal and figure out exactly what my end date is. Then, I'm not working until I figure out what I want to do next, and am instead working towards an end date with a basic plan afterward that will keep me afloat. There's a part of me that feels really dumb for even thinking this. This is such a privileged position to be in. Giving up a $70k/year job that will only continue to increase in pay that has all benefits, unlimited PTO, and work from anywhere is a golden egg of jobs. But I'm miserable and can't shake this feeling that those benefits are a lot less important if my mental health suffers. After growing up lower-middle class, this job has helped me realize that I personally don't need to chase money, and I don't find happiness in being able to purchase a lot of material things. It has also taught me that financial security is important to me, though, and I certainly have that with this job, though I think I would feel financially secure if I knew I had my Roth maxed for the year and $20k in savings that I shouldn't need to dip into. Thanks for reading and sharing your thoughts! [link] [comments]  |
| Helo with budgeting and saving! Posted: 29 Oct 2020 05:48 PM PDT What are top tips for saving? I earn €1700 a month im paying back a loan of €4600 with payments every 2 weeks of €95, i pay rent of €100 every fortnight also. Wondering how to budget and save if anyone can help would be appreciated. [link] [comments]  |
| Best retirement account for US citizen that wants to move to Czech Republic in 10 years Posted: 29 Oct 2020 11:42 AM PDT Hi all, I'm in my early 20s, just starting to invest in retirement accounts. I have about $1000 in a Roth IRA right now and was planning on maxing it out, but then I realized I wasn't sure what would be best for me. As far as avoiding as many foreign taxes as possible and being able to use my retirement account in a different country, what are my best options. Just FYI, I'm not moving there for another 10 years, so I'll be living and working in the US until then. I am a born US citizen. [link] [comments]  |
| Best way to upgrade new house? Posted: 29 Oct 2020 05:30 PM PDT I'm selling my house netting 98,000 probably 4 in closing and 85000 to make 20% There is probably about 10k in carpet, trim, radon etc... I don't think I would qualify for a heloc do to LTV being 80%. CCs are at like 16% I'd have to check but that seems expensive. Not sure where to draw capital from. [link] [comments]  |
| Switching from full-time hourly to a salaried position Posted: 29 Oct 2020 05:17 PM PDT I work for a contracting/services company. It's mostly a desk job. For years we've all been considered full time hourly employees. We get paid for 40 hour weeks, every week. If we ever went over 40 hours (only if our client was willing to fork for OT), we would get paid OT accordingly. This does not happen often. Recently management has been shifting some of us around. Those of us (myself included) with a bachelor's degree (or better) would become salaried employees. The main difference seems to be that if we are asked/required to work on any given project for more than 40 hours, we would not be paid anything extra. We get our flat pay rate each week regardless of the hours we work. Again, OT seems to be rare, but at any time I'm worried that I can start to get worked more and more with no extra compensation. I have been with this company for many years, and they don't seem to be the type to intentionally screw anyone over, but I'm still cautious. I asked for a raise last year, which I thought I deserved. They agreed, and I was content. In the middle of this year, they gave us this news. My question is this: Even though last year I got a decent raise, do I have any extra grounds here to ask for another one this year, since this news is independent of my job performance and recent raise? If so, what % should I ask for? As of now, there is no apparent change to my week to week work life, but I know that that can change and I don't have the freedom to decline. Edit: I already have health insurance, benefits, 401k, etc. Everything will remain the same, including pay, except for the possibility of working over 40 hours and getting no OT pay. OT was pretty rare but that might only be because the client wouldn't want to pay it. Now my employer can decide whether they need me longer or not. [link] [comments]  |
| Got 30k+ from an accident settlement case and would like to diversify that money! Posted: 29 Oct 2020 08:01 AM PDT I've (28 M) been sitting on this money since April and would like to have it work for me. I have about the same amount in student loans and would like to liquidate that, but am considering other worthwhile options I.e. investment fund, real estate with actual future earning potential. Anyone have any advice on how to proceed? [link] [comments]  |
| Posted: 29 Oct 2020 09:01 PM PDT Found a great car to buy from a private seller. She still owes money on her note (Capital One). I thought it would be pretty easy for my credit union to cut a check to her bank and get the title. But it just dawned on me that Capital One is all online. Im reading online that even after paying off the loan, it could take 30 days for them to send the title. Has anyone done this? Is it smooth or a nightmare process. [link] [comments]  |
| Posted: 29 Oct 2020 08:57 PM PDT I am making $70,000 in my first salary job. It is asking me how much do I want to contribute per paycheck (8% for full match, and I can contribute up to 50% of my paycheck). So if I contribute 8% per paycheck, $218 will come out per paycheck and company will match $164.00 per paycheck. How much should I contribute? Then after selecting a percentage, it asks where do I want to put my % contribution? Pretax, Roth, After-tax. What percentages should I put into those? [link] [comments]  |
| Questions about Pension into an IRA.Traditional vs Roth Posted: 29 Oct 2020 08:51 PM PDT I am 50yo and have a lump sum pension distribution from an old employer coming to me soon. I want to put that into a Traditional IRA to avoid taxes on it but I already have made some contributions to a Roth this year. I also have an employer based 403(?)
Thanks in advance for any info. [link] [comments]  |
| Posted: 29 Oct 2020 08:47 PM PDT For tax year 2020, one can invest upto $19500. So does that mean 19500 must be contributed by end of 2020 or it can be done by March 2021? [link] [comments]  |
| Envelopes system or 50-30-20 rule for someone on unemployment? Posted: 29 Oct 2020 08:45 PM PDT Hi! I've been tracking my spending for the last few months and unfortunately lost my job in August but unemployment (Canada) has been shifting all over the place with one claim ending then receiving Covid relief but now I've got a set monthly EI income. Previously I used an envelope-type system through an app (Buddy on ios) and budget for every little thing but there have been unexpected purchases which don't fit into my set categories. I am curious about whether it makes sense to simply work harder and stick to the strict budget I had as before with the envelope-type categories... or maybe it's easier to shift to a 50-30-20 system where 50% is allocated towards essentials, 30 towards whatever else i need, and 20 towards savings (in my case, debt). Though I have to adjust it and it would be more like 68% towards essentials, 12% towards whatever else, and still 20% towards debt. Is there another system that would work better? I'm stumped. I'm still looking for a job, but usually end up working seasonally for summers. [link] [comments]  |
| How are HSA withdrawals handled if the money is invested? Posted: 29 Oct 2020 08:36 PM PDT I'm about to open up and fund a HSA. The account sends me a debit card to use for qualified purchases. Let's say I invest all of that money in SPY stock. What happens when I use the debit card? Does it immediately sell the stock to free up cash? Do I use some sort of margin and then need to sell stock at a later time to pay it back? [link] [comments]  |
| You are subscribed to email updates from Personal Finance. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment