Personal Finance Being overcharged for rent. Can I do anything? |
- Being overcharged for rent. Can I do anything?
- New Employer does not match 401K. Should I open one with them or an outside account?
- Bank took $2000 out of my account and said it will be closed within a week.
- I was given a large wedding present in cash, what are the tax consequences?
- backdoor roth question: contributed 6k to fidelity, but it will not available until 1/6. when I convert on 1/7/2021, does this considered tax year 2020 or 2021?
- Financed solar panels, now can't refi home.
- Is a $10k savings "enough" to move into your own apartment in a LCOL area?
- Will removing myself as an authorized user from my moms target card hurt my credit?
- If i become tax resident in america after investing in the s&p 500 in ireland my entire life will i have to pay the irish tax on it (40%) or just american CGT
- Trying to send money to my Spanish tutor in Ecuador
- Background Check delay leading to financial hardship
- Steps to Prepare for a Mortgage
- Understanding mortgage interest deductions
- Employer Cashier Check Scam?
- I could use some unbiased opinions on a large, somewhat financially risky life decision.
- What to do with children's gift money?
- Bank Won't Close Credit Card Unless I Come Into Branch
- Have I Calculated Take-Home Pay Correctly?
- 2019 Taxes Dependent/Independent
- Do I Need a Safety Deposit Box?
- I wasn't paid correctly after being laid off
- Should I use a Transamerica insurance policy for retirement? Help!
- Help me help my sister buy a house
- HELP with capital gains and home loan qualifications
| Being overcharged for rent. Can I do anything? Posted: 29 Dec 2020 08:33 AM PST My lease says my rent is $1,087 per month. It says in the lease that "Rent above includes all additional fees, rentable items, and processing fees." The lease also states that the rent can only be paid through their online payment site. When I go to the online payment site there is an additional $40 per month "service charge" to pay rent (making my total rent $1,127). Is this not against the terms of the lease? Is there anything I can do? I know it's $40 per month but this seems unfair. [link] [comments]  | ||||||||||||||||||||||||
| New Employer does not match 401K. Should I open one with them or an outside account? Posted: 29 Dec 2020 08:07 AM PST Never had a 401K before, first job out of school. New employer does not match 401K and some other employees have passed on the company 401K. Should I open up an account with new employer or elsewhere? EDIT: Thanks all for the input. If it helps, my company has been around for about 10 years and has never offered a 401K matching program, but they have discussed it could if the company keeps growing. Salary is 53K [link] [comments]  | ||||||||||||||||||||||||
| Bank took $2000 out of my account and said it will be closed within a week. Posted: 29 Dec 2020 06:50 PM PST So I finally got my renters assistance check from LA county for $2000 after 6 months of jumping through hoops. Check was in my name. Wife deposited it into out joint account with her mobile up. Today I check the account (Chase btw) and it's negative $2000 and they state my account will be closed frozen and closed within 10 days. Spoke to the bank and they said it was flagged as fraudulent deposit. I'm at a total loss at what to do. The program is the ERAS program in LA and they have no number you can call for help. [link] [comments]  | ||||||||||||||||||||||||
| I was given a large wedding present in cash, what are the tax consequences? Posted: 29 Dec 2020 01:53 PM PST Let me start out by saying, I'm obviously not looking for advice on how to evade the bank secrecy act. So my dad gave me a large gift for my wedding, over $20k. The jokester he is, he thought he would be hilarious to give it to me in cash. Well, now I have way too much cash and its making me nervous. I was wondering how to make this easiest for myself in regards to my taxes? Will I have tax liability on the gift? If so, how much? Should I wait to deposit until after Jan 1 so I don't have to worry about the tax consequences for 2020? Thank you! [link] [comments]  | ||||||||||||||||||||||||
| Posted: 29 Dec 2020 06:51 AM PST fidelity rep told me it will be 2021. I always thought as long as I do this before 4/15/2021, it will be counted toward 2020? [link] [comments]  | ||||||||||||||||||||||||
| Financed solar panels, now can't refi home. Posted: 29 Dec 2020 11:36 AM PST Got all the way to closing, and suddenly the lenders like "oh you have this solar loan, so the pricing no longer applies, and it's $5000 for what was previously the par rate". The solar panels were financed, but in the loan docs it explicitly stated that there is no security interest in the real estate, and the security interest is only in the solar equipment itself. There was a UCC filing made that also explicitly stated the collateral to be the solar panels only. The loan agreement also explicitly stated that the solar panels are not a permanent fixture on the home, and are removable, and that I cannot make them permanent, nor remove them, until the solar loan is satisfied. The lenders are saying it's a lien on the property and therefore impacts the LTV, and this significantly impacts the refinancing rate & pricing. Is there any way around this? Are they interpreting this the right way, or is there another lender that might not count the solar loan against the LTV? Thanks! Edit: thanks for all your responses. At the end of the day, it sounds like this is common, and I misunderstood the implications of a UCC filing, despite the loan agreement stating that it has no security interest in the real estate. I also saw that in some cases a solar lender could be willing to temporarily terminate the filing via ucc-3 and refile post-refi, but my lender was not willing to do this. [link] [comments]  | ||||||||||||||||||||||||
| Is a $10k savings "enough" to move into your own apartment in a LCOL area? Posted: 29 Dec 2020 09:00 AM PST Title. I'm currently living with my parents and want to try to move into my own place once COVID "calms down." Originally, I wanted to have at least $15k to $20k in my savings, however, I'm debating if that might be "overkill." To be honest I'm 27 and I think it is time that I finally move out. I want to be able to bring a female friend over and not be an "awkward situation" or conversation. I was looking at either late summer or early fall to possibly move. By then, I should easily have between $11 to 14k or so in my savings. The price for a 2 bedroom are ranging between $900 to $1200 per month. About me: Salary: $52,000 per year Credit Score: 804 Savings: $4,200 (Will likely throw more of it at my car loan then will obviously build back up after the car is paid off) Debts: Car: $10k left (will be paid off in March/April 2021) Student Loans: $44k (I work in education and am trying for PSLF) I appreciate any replies! EDIT: Thank you all for your replies! I am going to just keep going with my "plan" that I have and play it by ear given COVID (e.g., if COVID is "calmer" in the summer I'll move out, if it isn't I'll keep saving a little, etc.). [link] [comments]  | ||||||||||||||||||||||||
| Will removing myself as an authorized user from my moms target card hurt my credit? Posted: 29 Dec 2020 06:38 AM PST I have about a 735 credit score. Little history. I had a student loan for a few years i paid on time. Had one credit card years ago i paid on time and recently a new one in my name i paid on time. When i FIRST started with credit, my mom put me on her target card she has paid on time. Its listed on my history as my card (authorized) and years of payments on time. I've been on this card for like 8 years. If i REMOVE myself from her card will my credit DROP and how much? So are you saying theres NEVER a time i can remove myself finally from that with a minimal penalty? What's the call? [link] [comments]  | ||||||||||||||||||||||||
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| Trying to send money to my Spanish tutor in Ecuador Posted: 29 Dec 2020 12:16 PM PST During the pandemic, I've been working on my Spanish with a tutor from Ecuador virtually. I've been using PayPal to pay him, but he's had a lot of trouble getting the money from paypal. Something to do with him being from another country. His other students have had success using MoneyGram to send money, but I ran into trouble. I set up an account with MoneyGram and put in his name and address and sent money for the next month of tutoring sessions. Unfortunately, MoneyGram froze the transaction and locked my account. They never charged my credit card. I contacted customer service. They asked about what the transaction was for, and I was honest with them. They told me that my account had been deactivated permanently, there was no appeal process, and that they could not release any details as to why the transaction was denied. I have screenshots of the conversation I had with customer support, and I'll link them in the comments. I'm hoping someone might have a suggestion for a next step: What service should I try next? What kind of fees should I expect? Why is this so difficult?! [link] [comments]  | ||||||||||||||||||||||||
| Background Check delay leading to financial hardship Posted: 29 Dec 2020 06:10 PM PST It's has been six weeks now for my background check. Four of those weeks has had the same status delay in processing criminal background check. I made the mistake leaving my old job before this was completed. I am a month out with no paycheck and no health insurance for myself and the family. Company can't start me due to company policy on background checks. We can survive for about another couple weeks before I need to start pulling money from retirement to survive. I really want this job. This background check is in the process of causing us much financial hardship. What options do I have? Can I file for unemployment? What about health insurance? Cobra is way too expensive for us? [link] [comments]  | ||||||||||||||||||||||||
| Steps to Prepare for a Mortgage Posted: 29 Dec 2020 03:48 PM PST Hello all, As part of my plan for 2021, I want to start considering getting a mortgage (at least take the right steps), especially while rates are low. I also live alone. Age: 24 Salary: $79k. (Income in 2019 was $63k) Credit Score: 757 (with about 5 credit card inquiries this year) Current Debt: Federal Student Loans $42k — 4.25% Interest with Payment at $320/month Private Student Loan $35k — 4.09% Interest with Payment at $278/month Car Lease — $300/month Savings: About $10k Current rent payments: $1,782 Here are the steps I'm thinking about:
My goal house would be between $150k-250k, with a mortgage payment around $1500/month. Where I live now houses start around $350k, for things besides mobile homes) so if I could move that would be great, but that depends on the job situation. Thoughts? Anything I should improve? Look into? I don't think a 20% down is a hard requirement anymore, especially if PMI is reasonable, but I still want to have a good emergency fund if big equipment fails (even though I plan on looking at later than 2018 instructions). [link] [comments]  | ||||||||||||||||||||||||
| Understanding mortgage interest deductions Posted: 29 Dec 2020 04:42 PM PST The IRS page for pub 936 does not provide details about how the interest component for loans above $750k will be determined. Say I have a loan of $1.5 million @ 3% for 30 years. Will the deduction be for
The only calculator I found says the limit will be $22,500 for each of the first 20 years and start decreasing thereafter; that amount is neither of the two calculations above. Any pointers appreciated! [link] [comments]  | ||||||||||||||||||||||||
| Posted: 29 Dec 2020 02:49 PM PST Posting on behalf of my girlfriend. In short, my girlfriend's employer sent her a physical cashiers check for ~$4000USD that included her first week pay and funds to purchase a work computer, printer, and other office supplies. She cashed the check through her mobile app and a couple days after the check cleared, her employer sent her a new email with instructions to purchase a cashiers check from her bank, and send the money/deposit the new cashiers check the into a random Wells Fargo account. To me this is very clearly a scam, but would my girlfriend be on the line for anything? We're at the bank right now trying to get it figured out but I just want some peace of mind. [link] [comments]  | ||||||||||||||||||||||||
| I could use some unbiased opinions on a large, somewhat financially risky life decision. Posted: 29 Dec 2020 09:29 AM PST Hey All, I'm 30 years old and over the last 7 years I have dedicated myself to work. I laid out goals in college and for all intents and purposes I have met or exceeded them. All of my goals have been financial and unfortunately I can't seem to get out of that mindset, every decision I make is centered around the accumulation of wealth. I'm about to be a new father and because of this I want to deprioritize my financial focus and re-center on my family. I'm finding it a bit difficult because I have this inherent desire to work a prestigious job and I know that I'm incredibly fortunate and if I stay in my position then I can quickly accumulate wealth. However, the nature of my job means that I have to prioritize a non-trivial amount of my "personal" life to work -- it is not uncommon for me and my peers to work nights and weekends. I also have high expectations for myself and over the past few months I've had multiple work related panic attacks; I have since seen a doctor and been medicated but the underlying anxiety still exists. I'm trying to weigh my desires and financial security with giving my soon to be daughter the father I want her to have. I have a plan, I know it's not the most financially sound, but I think we can swing it and I'm hoping to get some unbiased opinions from those with more life experience than me. Financial Standing By and large I think my family is in good financial standing. I have a reasonably good grasp on our expenses and because of our high savings rate we've been able to accumulate a reasonable amount of assets.
Options As a goal I want to maximize the time I spend with my family while minimizing my financial hit. I believe I have the following options:
I have no desire to stick around with my current team, so option one is basically a non starter. I'm a bit torn between option two and three; I really want to pursue option three but I'm afraid that I'd be giving up long-term stability for short-term satisfaction. Option two isn't particularly good either; I don't believe in my company's core values, I don't believe that employees should have to miss dance recitals, baseball games, or holidays for the worlds richest man. I'm generally dissatisfied with my company. What I want from this post Long story short, what I'm looking for from this post is to get the opinions of people that have more life experience. I feel like I'm trying to make a decision about a subject I have no experience with; I'm trying to understand how to balance the benefits I provide my family today vs tomorrow. Is $300k/year and an earlier retirement worth the time spent away from my family? Is dedicating myself to my daughter for the first 6 months of her life worth the financial impact (>120k)? When is what we have enough? I have no idea, but I would appreciate anyones advice. [link] [comments]  | ||||||||||||||||||||||||
| What to do with children's gift money? Posted: 29 Dec 2020 07:30 AM PST My two children (age 2 and 4) received a gift of $100 each from their grandparents. They both have piggy banks with roughly $25 in change they like to play with. I don't want them to play with $100 bills nor do I want to break the bills into change for them to play with. It's too early to start teaching them about the value of money since they are more interested in playing with it. I want to start something like a savings account or investment or something I know will benefit them in the future but I don't know which is the best route. If I were to open a savings account, should I just open one account I control for both of them until they are older or should I open an account in each child's name now? Should I purchase saving bonds, maybe? If savings or investment accounts are ideal, I plan to continually contribute monthly to their starting amount then later, when they start earning an allowance, teach them the benefits of contributing a portion to their own accounts as well. I appreciate any suggestions. [link] [comments]  | ||||||||||||||||||||||||
| Bank Won't Close Credit Card Unless I Come Into Branch Posted: 29 Dec 2020 09:25 AM PST Hey y'all, I did a bit of searching in this subreddit and couldn't find my specific situations. I have a credit card with a bank in the Pacific Northwest and have moved to the mid-Atlantic. The bank won't update my mailing/billing address unless I go into a physical branch, the closest one is 2000 miles away. I requested to cancel my card instead (other issues, this is the straw that broke the camel's back). They said I also need to come in and sign a closure form. The card is sitting at a zero dollar balance, but is a few months from expiring and I don't want a card to go to an old address. I've talked to someone over the phone, I've submitted an online request, I sent a message via the online account to close. Nothing is working. Is there anything I can do to get them to close my account? [link] [comments]  | ||||||||||||||||||||||||
| Have I Calculated Take-Home Pay Correctly? Posted: 29 Dec 2020 04:40 PM PST I start a new job in a few months and it will be my first job after graduating from college. I am trying to create a budget and plan ahead of time so I can start preparing my lifestyle for my future paycheck. I'm finding that my take-home pay seems very low using online tools. This might be the case, but I want to make sure I'm not missing anything? I've tried to account for all health expenses for someone in my condition. I do recognize I am saving rather aggressively. Should I reduce what I save or see if I can get by on the take home pay? For those who live in Oregon, is there anything clever I can do to reduce my tax burden? Currently, this plan makes it look like I'll make good money and then not really have much to spend on my hobbies/interests.
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| 2019 Taxes Dependent/Independent Posted: 29 Dec 2020 06:11 PM PST Ok so I'm just confused. Last year was my first year doing taxes and my mom decided to let me do them on my own, when I filled them out I never put down that I could be claimed as a dependent. She soon filed her taxes after me and tried to claim me as a dependent. I'm not too familiar with how taxes work but she ended up owing money back because of it? So I'm just wondering if for the year of 2020 am I considered an independent adult? This is all in relation with the stimulus checks. I received the first 1200 payment but I'm wondering if I'll receive the second. [link] [comments]  | ||||||||||||||||||||||||
| Do I Need a Safety Deposit Box? Posted: 29 Dec 2020 05:48 PM PST I really appreciate all of the helpful advice in this subreddit. Today I'm in need of some advice for myself and anyone else that is struggling with the same question. If all I have are a some vital records (SSN card, birth certificate, and passport) do I really need to pay for a $50 per year safety deposit box at my local bank? I like the idea of having those things close to me in case I need to up and move. I do live in an area that is at risk for a major earthquake. But I don't know how easy it is to replace all of those records and documents if they were lost to fire, flood, or theft, which could theoretically happen if they were stored at a bank too. I'm just not sure if it is worth the convenience and risk by having them in a fireproof safe with me or shelling out $40-50 a year to have the extra security. What's the commonly accepted advice in this scenario and what are some of you doing? [link] [comments]  | ||||||||||||||||||||||||
| I wasn't paid correctly after being laid off Posted: 29 Dec 2020 08:02 AM PST I was laid off after working 21 hours for the week. I could no longer log onto the server (work from home) but had taken screen shots of my time card. Two weeks later (scheduled pay day), I was paid for 0 hours. My insurance was deducted from my earned bonuses. I emailed HR asking for proof of hours worked for the pay period. Several days later, they responded that they had a payroll glitch (l don't believe this) and would pay me for 40 hours for my inconvenience. The following week, I received payment for 53 hours. Is there a logical explanation for this? Is it possible that they paid for 4 extra work days to keep me quiet? Could they have been liable to pay more because they originally didn't pay me correctly and it took over 3 weeks? Or were they just generous? Located in SC. TLDR: Job didn't pay me after lay off. After confrontation, paid me for 4 extra days. Did the company act accordingly? [link] [comments]  | ||||||||||||||||||||||||
| Should I use a Transamerica insurance policy for retirement? Help! Posted: 29 Dec 2020 05:39 PM PST I am 27 years old making 48,000 a year. I'm a teacher, not married, and I don't have kids. I have a 403b and just started a Roth IRA(which I'm basically putting pocket change into). My friend works for Transamerica and wants to help me save more for retirement. Through him, I applied for a "Transamerica Financial Foundation IUL flexible premium adjustable life insurance with index account options" policy. He explained how I can use this insurance policy as a retirement fund. What I especially liked, was that I can take out some of the money earlier, like if I wanted to put a down payment on a house. Now that I'm looking over the paperwork, I'm getting cold feet about this. Is it worth it getting this insurance policy? It'll feel really awkward telling my friend that I don't want to go through with it anymore, especially since I already put down $200 (what my monthly payment would be) for my insurance application. Thanks for all the help! [link] [comments]  | ||||||||||||||||||||||||
| Help me help my sister buy a house Posted: 29 Dec 2020 07:50 PM PST My sister and her husband outgrew their tiny place, and really need to expand. This year their income went up, but the bank took the average income for 2018 and 2019(lower wages) which effects them negatively. Bank says they need someone to (the hated word in this sub) co-sign the loan. Their credit is >750. They don't miss payments, pay credit cards every month, and don't have other loans or debt. But their average income for 2018 and 2019 was too low. What's the best way for me to help them get a house, while minimizing my risk? Are there other methods besides co-signing? If I do decide to (Dun Dun Dun) co-sign, but they default on payments, what's the worst that can happen besides bad credit? I don't really use credit much, as my car and condo are paid off. Would the the bank take their house and move on, or would the bank come after my condo? How about other assets, stocks, cash, car, etc? [link] [comments]  | ||||||||||||||||||||||||
| HELP with capital gains and home loan qualifications Posted: 29 Dec 2020 07:39 PM PST I have 2 days to figure this out. My income so far for 2020 is like 25k. I don't work anymore. I'll begin to live off capital gains soon. Should I sell, say, 75k in capital gains real quick just to beef up my 2020 income? Will this help me qualify for a home loan? I don't have a real job so I don't know what a loan qualifier would look at in terms of forms. Guessing my 2020 income form would be one. I have around 500k in financial assets, which I'll start to periodically sell to cover my expenses. No other income. [link] [comments]  |
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