Personal Finance Hospital refused to bill the correct insurance, then sent my bill to collections. |
- Hospital refused to bill the correct insurance, then sent my bill to collections.
- Is my ex-employer asking me to commit fraud?
- Banks with similar tools to Ally's Buckets?
- Received unemployment insurance PIN that I did not request. Is it attempted fraud?
- A review (based on personal experience) of 4 US-based FDIC-insured accounts (T-Mobile Money, Discover, CIT, Varo Money)
- Vanguard Brokerage - 100% VTSAX okay?
- Should I sell my 2 Amazon shares to fully fund 2020 Roth IRA?
- Is it worth overpaying on your mortgage?
- Lost my job and filed for unemployment. Got denied for lack of wages even though I have worked in IL for the past 15+ years and made more then enough to count for unemployment.
- Obligatory note about Schwab website UX / UI
- Asked for a salary that they said yes to without flinching
- Need 36k Loan for Slightly Unusual Home Purchase
- Is investing money (at a job I do not plan to keep more than 5 years) into an employee 401k at a young age wise?
- Investing in a mutual fund for five years?
- Parents are part of an MLM, set aside 20,000 in an iul “for” me.
- Student Loan Refinancing
- How to file Taxes for my fiancée who is in grad school
- Am I financially stable enough to go study in Canada (as an American)
- Steps to file taxes for free online via the IRS site
- If an ETF and Mutual fund are based on the same index, why would their costs be different?
- Apartment Advice
- $84k debt between student loans and car - what order do I attack?
- Schwab Backdoor Roth IRA Process: Instructions enclosed
- How do you guys split of monthly savings?
| Hospital refused to bill the correct insurance, then sent my bill to collections. Posted: 10 Feb 2021 03:20 AM PST Edit: THANK YOU EVERYONE for the wonderful advice. You have all helped me SO much. I think I have the information needed to set forth with getting this all settled. You all made a very anxious person much calmer today. Hopefully I can soon be done with all of this and go back to normal. Thanks again for all your help. Going to keep this as short as possible. Got into a car accident in September of 2019. I live in Michigan (no-fault state) and at the time of the accident unlimited PIP was still mandatory. I broke my wrist/hand and have been temporarily disabled since 2020 after my first surgery revealing further injuries, next surgery is this March. All related medical bills are paid in full through my auto insurance. I had no issues with billing until my first surgery (Aug 2020), where they decided to bill my work insurance instead of the auto they've been billing for a year. I called on 3 different occasions to fix it (they said they had no record of me calling the first two times.) Third call was after I received a final notice. They told me that my auto insurance denied payment when requested, but when I spoke to my adjustor, she said she never even received the bill in question. Took about 3 months (and my adjustor leaving 2 emails and 2 voicemails that were never returned) for them to get back to me, but they did finally send it to my adjuster and it was paid in full. The hospitals radiology service also billed the wrong insurance. I called to let them know, and they told me it was placed under review and I will be contacted with the outcome. I also sent the first (and only) bill that was mailed to me back with the correct insurance info written on it, and recieved no further communication or bills. I assumed it had been taken care of, silly me. Today I received a collections letter (dated Feb 4th) for the radiology bill in the amount of $120. I have not changed my address, phone, or anything that would have made them unable to reach me. I received one statement, about a week after my surgery. No final notice, no call, nothing. My questions are, who should I be calling first, and what do I do if they give me the run-around again? I have dealt with collections in the past two seperate times for valid bills and paid them off immediately, upon written agreement that it would not be recorded as a delinquent account on my credit report. I would very much like to NOT have to go through the process of disputing this on my credit report later on, especially for something I don't owe, and have made very clear efforts to provide them with the correct info. Any advice would be appreciated, thanks in advance. [link] [comments]  |
| Is my ex-employer asking me to commit fraud? Posted: 10 Feb 2021 12:11 PM PST I worked for a small company for a couple of months this last summer. I received my W-2 with numerous mistakes including an incorrect ss number, so I let the company owner know that I would need a corrected one. She called me today and said that it would take a lot of work and investigating to get me a corrected W2 so she would just write me a check for the state and federal taxes I paid out during the time I was employed by her. This is because I am a single mother and always get back a refund. I questioned her, wouldn't I get in trouble for not claiming additional income? She said that SHE may be penalized, but I wouldn't be and that it's such a small amount of money- just over $2k that nothing would happen. This seems fraudulent to me or does she know of some legal loopholes that I don't know of? Who would stand to benefit from doing this? [link] [comments]  |
| Banks with similar tools to Ally's Buckets? Posted: 10 Feb 2021 06:19 PM PST Are there any others? Seems so obvious to me, crazy it's not standard. [link] [comments]  |
| Received unemployment insurance PIN that I did not request. Is it attempted fraud? Posted: 10 Feb 2021 06:37 PM PST I received a letter in the mail from the Ohio department of unemployment insurance containing a PIN to use when filling a claim, but I never requested a PIN or ever filled for unemployment. Is this a potential form of fraud? My only guess is that someone attempted to fraudulently file for unemployment benefits using my identity, but either did not realize the requested PIN would be sent by mail to my address, or they hoped to somehow intercept it in the mail. I'm planning to contact the office to confirm, but are there any well known fraud schemes I should be in the lookout for? [link] [comments]  |
| Posted: 10 Feb 2021 07:24 PM PST These comments are all based on my personal experience. Do your own additional research before you open new accounts. Let me know if you have any FDIC-insured account recommendations :)
[link] [comments]  |
| Vanguard Brokerage - 100% VTSAX okay? Posted: 10 Feb 2021 09:49 AM PST Hello everyone, I just deposited $5,000 into a vanguard brokerage and am waiting for the transaction to go through, but my plan is to invest it completely in VTSAX. My husband and I (25M and 25F) make about $200k-$220k jointly and both max out our 401ks, IRAs, and HSAs; we are also debt free besides our mortgage. I am pregnant and due in July, so I plan to keep $40k in cash in a savings account to cover any possible healthcare expenses ($10k allocated towards out of pocket max for the family), 3 months maternity leave expenses, and an additional 3 months EF just to be covered. Is this a wise decision? We both have safe jobs (anesthesia and teaching) that were mostly untouched by the pandemic, so I can't imagine we'll have any issues with job security, which allows for a little more risk tolerance - we won't cash out during a financial downturn. In my position, what would you guys invest in to minimize taxes and (obviously) make the most profit? It seems like a lot of my peers hand pick various stocks, but everything I've read indicates that socking away money in a mutual or index fund results in comparable (if not better) gains over the long term. Now that our savings account is satisfied, I plan to just dump all of our excess funds beyond monthly expenses into this taxable account and would love to hear your input on which funds to use. Thanks so much for your help! [link] [comments]  |
| Should I sell my 2 Amazon shares to fully fund 2020 Roth IRA? Posted: 10 Feb 2021 03:59 PM PST I just opened a Roth IRA and found out I can still contribute to 2020. I have two shares of Amazon stock from more than a year ago. Should I sell them (~$6500) to put $6000 into the 2020 Roth IRA? I don't really have $6000 in cash sitting around. I am starting my first career job soon so my tax rate is as low as it'll ever be. The Smart Asset capital gains tax calculator figures my due will be $255. Additional Question: I am moving from WA to CA soon. WA does not have state income tax but CA has 9.3%. This means I would save $158 in state tax if I sell the stocks while still living in WA, right? [link] [comments]  |
| Is it worth overpaying on your mortgage? Posted: 10 Feb 2021 02:18 PM PST This isn't our forever home, will probably sell after 7 years but wondered if it is worth overpaying. Currently in the process of renewing our mortgage and I'm unsure what are pros and cons of it. Any help, advice or tips are welcomed. I'm based in the UK. Thank you. [link] [comments]  |
| Posted: 10 Feb 2021 03:20 PM PST Basically as the title says. I filed and then got a rejection letter like a week and a half later saying I don't qualify due to lack of wages. I appealed and submitted paperwork like they asked show that just last year alone I made almost 50k. I have an appointment with the IDES adjudicator next week. Is there anything I need to know or what other advice can you give. This has been a long annoying process and I don't get how they think I "haven't made enough". [link] [comments]  |
| Obligatory note about Schwab website UX / UI Posted: 10 Feb 2021 12:20 PM PST I've spent a good amount of time investigating which bank account I should open as I move to the US. At the end, I was split between Chase, Ally and Schwab. Everything was pointing that Schwab is the best option for many reasons, e.g.
But one red flag that was brought up in many of these discussions is that their UI is outdated and inconvenient to use. Well, I don't know what these folks are used to, but let me tell you that Schwab has one of the cleanest and best designed banking interfaces I've used. So if that's your only hesitation too, give it a try. [link] [comments]  |
| Asked for a salary that they said yes to without flinching Posted: 09 Feb 2021 02:53 PM PST I had an initial phone interview today and the first topic they brought up was the salary. I asked for 5k more than the job listing salary range. They said yes to my salary request without even flinching. I spoke directly with someone at the sub-contractor company, not a recruiter. Now I can't help but feel like I sold myself short. More phone calls and interviews are to occur. The offer letter (if I'm accepted) may not be for another week or so. Is it too late to revisit the salary conversation? I like this role and afraid to jeopardize my chances by coming off as greedy. How do I properly broach the topic? [link] [comments]  |
| Need 36k Loan for Slightly Unusual Home Purchase Posted: 10 Feb 2021 02:46 PM PST So the context behind this is that my stepfather owns a property with his nephew, and I'm looking to renovate it and move in, but my stepfather's nephew needs to be bought out of the mortgage so that it's owned solely by my stepfather, who would then let me live there rent-free as long as I pay the taxes and utilities for the house, and then ownership would go to me once he passes. Sounds like a good deal, except I'd need to come up with about $36,000 to pay off his nephew as he just doesn't have it. Essentially I'd be getting a house for $36k. This doesn't seem like a situation that a mortgage lender would finance, but I also am extremely wary of a personal loan to accomplish this. My credit also could be better and I'm working on getting that fixed somewhat before I dip my feet into this. Do I have any other options that might accomplish this? [link] [comments]  |
| Posted: 10 Feb 2021 06:34 AM PST Scenario: Bob is 21 and employed in a lower-middle class job with a mediocre 401k program. Bob is working with the company through college, and expects to leave after finishing his education. Bob isn't strapped for cash and isn't concerned with his student loans. Bob has a personal savings account. Bob is electing to put away 3% of his paychecks into the 401k because his employee pays out 50% until 3%. WHAT BOB WANTS TO KNOW IS: A) Let's assume Bob would withdraw the money from the 401k after leaving his CURRENT job after college. Would it make more sense to deposit no money into the 401k, and put everything in personal savings because of the penalty on early withdraw? B) (Assumes Bob does not withdraw the 401k until retiring). Bob anticipates having a few different jobs while advancing through his career. He expects that if he keeps putting into the 401k, he may have to transfer it when changing jobs once or twice depending on brokerages. -Bob is curious if he will lose money because of this, and wants to retain as much money as possible. -Bob also feels that if he had the money in his personal checking account it would be "more safe" because he would have immediate access to it and it couldn't be "lost" or "withheld" from him. -is Bob being paranoid in this regard? [link] [comments]  |
| Investing in a mutual fund for five years? Posted: 10 Feb 2021 02:07 PM PST After a family member passed away last year, I was given a decent sum of money. Some of that money (10k) is going to be set aside for my younger brother to purchase a car when he turns 16 in five years. Right now the money is in a HYSA and the rates are abysmal and 5 year CD rates are not any better. I can't help but feel like this money would be better allocated in the market (index funds) and I can pull it out in five years time if it's grown. If the market is down I will leave it be and pull the car money out of the HYSA. I have my roth IRA set up with fidelity so I'm planning on putting all of this money into FXAIX in an individual account. I am just confused on whether or not this is a good decision tax-wise? I understand I will have to pay capital gains tax on any profit when I take the money out. Online I've read that ETFs are more tax-efficient than mutual funds.. but I really can't find any info on what that will actually mean for me in five years? I also understand that I may have to pay taxes yearly even if I do not sell, but I am confused on how much that will be. My goal is to put this money in the market so that even after taxes my brother will have a larger amount than what it would be sitting in a HYSA at 0.50%. If anyone has any advice or can help explain the taxes portion it would be greatly appreciated! [link] [comments]  |
| Parents are part of an MLM, set aside 20,000 in an iul “for” me. Posted: 10 Feb 2021 04:52 PM PST I know iuls are horrible. Their MLM involvement actually led to them moving to a different state, leaving me behind here. Right now I'm in a good position, with a job and savings. Recently, my mother and father bought life insurance for me(I am listed as the one insured). They are claiming it's a way to grow your money, but an iul comes with massive fees and commissions that make any earnings essentially worthless. They will be giving me control of the account eventually, I believe, but I would not like to keep the 20k in an iul. I have a taxable investment account I'm contributing to, and I'd rather put it there, or anywhere else, honestly. I'll be frank and say that I know this might be a relationship problem more than anything, because my parents were abusive and I am trying to cut contact with them. I just can't stand seeing them waste money like this, especially when my two siblings are stuck with them. How would I convince them that iuls are bad? Is it even possible with them trapped in this MLM? And if I do gain control of the account, what would be the best next steps to take the money out of that thing? [link] [comments]  |
| Posted: 10 Feb 2021 06:54 PM PST I have about 80k in debt with Sallie Mae (~25k in 3 different loans). My credit score is low 700s and I have a stable income. I recently applied to Earnest to have these refinanced but was rejected due to debt to income ratio and low positive cash flow. Is my only option getting a new higher paying job? I've only been paying these loans off for a year, and I got my first credit card about a year ago as well. All my payments have been on time or early. Do i just have to be patient? How can I get out of Sallie Mae as soon as possible? [link] [comments]  |
| How to file Taxes for my fiancée who is in grad school Posted: 10 Feb 2021 08:25 PM PST I'm wondering how to file taxes for myself and my fiancée for this year and haven't been able to find a good answer while researching. I am currently employed and have been filing my own taxes for a few years, but my fiancée is in graduate school so she doesn't currently have any income. We have been living together all year and I am supporting us both with my salary. My questions are: Does she still need to file if she had no income last year? She is worried it will affect her ability to get a stimulus check. Should I claim her as a dependent, or file as head of household? Are there any tax breaks that I am overlooking as far as education credits go if I end up claiming her on my taxes? Please let me know if any more information is needed, and any help is greatly appreciated! [link] [comments]  |
| Am I financially stable enough to go study in Canada (as an American) Posted: 10 Feb 2021 08:21 PM PST I am considering going to Canada to study. It's a year program in Nova Scotia. If I get accepted and got a job in the field-and I'm pretty sure I would-i would be starting out at double my current day rate doing much more interesting work. The cost of the program is 11000, plus fees, so let's say 20000 to be conservative. I'd obviously also have to find a place to live-usually I go on Craigslist or similar to find very cheap places with roommates, I'm hoping this is feasible as an international student. So let's say 9000 to live there for 9 months, though I'm hoping I can do cheaper. And let's say 5000 for other stuff. So 35k. I'll try to save money wherever I can but I want to start by assuming the worst. I have 22k in a roth, 87k in just stocks (all spy), 12k in cash savings, and 120k approximately in a trust. I can use the trust for education expenses so let's say I use that for the 20k. I'll be working all summer but I'd like to take at least one nice vacation so I can probably make 15k, but I'll spend probably 5 of that on vacation and other stuff (I don't really have any bills right now). So writing it out like this I feel better about being able to afford it, but I'd prefer not to dip into my stocks. Am I on target to not feel guilty about this plan even though I'm not working for almost a whole year? And I'd be in another country so I may not be counting on some expenses that will come up. With this degree I'd be able to make a lot more money and it would be SO much more interesting than my current job, I really want to do this and not feel guilty! Oh btw I'm 27f, current job protected species observer, degree would be in marine geomatics (offshore surveying) [link] [comments]  |
| Steps to file taxes for free online via the IRS site Posted: 10 Feb 2021 05:12 PM PST I was planning on filing with Turbotax free service via the IRS site, however I wanted to know if you simply make the account with Intuit, file with Turbotax and that's it, or do you have to make an account with the IRS site as well? I ask because of this section here: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free Under What You Need to Get Started, this section that says "File Electronically" says you need to verify your 2019 AGI. This is my first time filing taxes so I have no 2019 AGI obviously. This also says "If you created a 2019 personal identification number, that will work too." The only pin I can think of is the one I used to get my stimulus check in 2020, is it referring to this pin? I see another thing under this mentioning getting a tax return transcript, but this is my first time doing taxes, is that necessary to do this? I just wonder if I need to go through these extra steps listed under the "File Electronically" part shown there or if I can just go straight to signing up on the Intuit site and filing and that's it? [link] [comments]  |
| If an ETF and Mutual fund are based on the same index, why would their costs be different? Posted: 10 Feb 2021 04:02 PM PST |
| Posted: 10 Feb 2021 07:47 PM PST So I just recently applied for an apartment and was denied. It said I was denied because of late payments on my credit report. All my late payments are from mid 2019 when I lost my job, I currently have over a year straight with 0 payment missed. Over the last year I paid off all my debt so my credit utilization is under 5% and my score is near 700. Just trying to figure out where I go from here...will no one rent to me until 5 more years when the late payments are off my credit report? Is the best option for me just to save up and try to by a house in cash? Thanks [link] [comments]  |
| $84k debt between student loans and car - what order do I attack? Posted: 10 Feb 2021 07:44 PM PST Hello. I am a 31y/o in a bunch of debt ($84k) because my 18-year-old self was a maniacal villain. For years I've been completely hopeless, hitting my minimum income-based repayments and fully planning to take the tax hit once 25 years passed with the loans nowhere near being paid off. Then something happened. For the first time in my life, I am suddenly earning a more than livable salary and becoming debt-free within a few years is... feasible! Here are my stats: 2021 income: $75k after taxes (my net average before this since college was around $20k per year) Frozen student loan debts in order of scariest to least scary:
Remaining on car loan ($255 per month): $6,736.95 at 5.5% Checking: $1,500 Monthly savings after rent/food/phone/insurance: $2,200. My pre-Reddit plan consisted of shoveling that $2,200 every month into a high yield savings account, then plopping it all on my 6.8% student loans when the student loan freeze lifts in October. Is this a reasonable plan? Should I hurry up and pay off my car loan since doing so would eliminate a $255 per month bill? While I'm aware that paying off the highest interest loans first is the most sensible, is smallest to largest or largest to smallest the order I should I attack all my 6.8% loans? Any advice would be very much appreciated. [link] [comments]  |
| Schwab Backdoor Roth IRA Process: Instructions enclosed Posted: 10 Feb 2021 01:07 PM PST Hey guys, putting this up here for posterity, apologies if it was already done. I spent a couple of hours over a couple of days trying to figure it out so I thought I'd put it up here in case it helps anyone. Step 0: Open a Traditional IRA if you haven't already. I am also assuming you have an existing Roth IRA with Schwab. Step 1: Transfer money into the Traditional IRA. If you are transferring from an outside bank, it takes a few days. If you are transferring from a Schwab Checking, it is instant. Step 2: IMMEDIATELY convert it to the Roth IRA by using this link: https://client.schwab.com/Accounts/RothConversion/RothIraConversion.aspx When it asks if you'd like taxes withheld, decline it. (Transfer it immediately so it doesn't accrue interest) Step 3: Invest the money into mutual funds or whatever you like Step 4: When tax time comes around, make sure to do Form 8606 so you aren't double taxed. Nearly all tax software should have this. If anyone has any other advice or a quicker or automatic way to do this, I am all ears. The process seems very manual to me, and finding that link was not intuitive at all. Best, -Sean [link] [comments]  |
| How do you guys split of monthly savings? Posted: 10 Feb 2021 07:19 PM PST Hey, So let's say you want to put away 600 a month. do you select one day of the month to toss all 600$ to savings or do you split it up two separate days possibly after each pay check? So 300$ first paycheck then 300$ second paycheck, assuming you get paid twice a month? Let me know how the best way to would be in your opinion. Thanks. [link] [comments]  |
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