Personal Finance All cards have been compromised |
- All cards have been compromised
- Mortgage went up by $80 but we didn't notice and sent our normal payment (automatic). Credit scores dropped over 100 points.
- Identity Thief Paying the Bills??
- Infant at Investing
- Is paying extra on my mortgage worth it, or should I invest?
- Should I close out my oldest credit card?
- 26, financially stable. Should I max out Roth IRA & 401k even if I'm not planning to retire in US?
- Question about building credit with credit card
- My Dad about to sell his investment property, but I think his methodology regarding capital gains is wrong.
- About to lose my job soon, any ideas?
- Discovering IRS doesn’t have record of 2019 tax return
- Tax Advantaged Accounts
- How much of my income can I really afford on rent in San Francisco?
- How to ask for a raise/bonus with metrics of my performance included?
- Mom is in forclouser
- Thinking of disputing my "authorized user" credit history, but I'm not sure if I'd be shooting myself in the foot.
- Euro credit cards for US resident ?
- Is there ANY way to help my mom's credit card debt? Anything bonus we could do?
- Advisor lied about fund fees while rolling over 401(k)
- Possible First Time Home Owner advice
- Aging with (partial) traditional IRA to Roth conversions
- Am I insane to spend this much on rent or can I justify it?
- I'm currently a W2 with a consulting firm. Am I allowed to jump ship and become a W2 for my client instead? [X-post careerguidance
- Car loan and trade in question.
| All cards have been compromised Posted: 06 Jun 2021 04:36 AM PDT I am going through a curious situation. On Saturday my door dash account was compromised which meant my debit card was also compromised. I changed ALL of my passwords and pins and requested new cards that could have been at risk (really only my debit card). I didn't have any credit cards loaded on there. I froze the accounts I could and have been monitoring the others closely (again these should have been fine). Today I got an alert that one of my frozen cards was used for Amazon Spain (not my home country and I didn't order anything) so I promptly took care of that. Again this card was not on the door dash account. I looked at a different credit card account and it had 2 pending charges that I definitely did not make, luckily are for $0 but still. I'm not sure what to do at this point. All my passwords are different/new, I've frozen what I can, requested new cards, etc. What am I missing? How did this happen to ALL of my cards, considering I don't use them and they aren't loaded into my accounts? I traveled to Oakland recently, but only ever used my debit card. I figured that might have been part of the situation but now that everything has been compromised, I'm skeptical. [link] [comments]  |
| Posted: 06 Jun 2021 06:46 AM PDT Our mortgage went up by about $80 last month due to a tax and escrow adjustment. We didn't notice and our normal automatic payment was sent as usual. This month we got a notice of delinquency and our credit scores both dropped from over 800 to the 600s. We didn't miss a payment, just ended up being short on one month due to the change. We have been preparing to apply for a HELOC so this is pretty bad timing. What can we do to undo/mitigate the damage? [link] [comments]  |
| Identity Thief Paying the Bills?? Posted: 06 Jun 2021 05:47 PM PDT Had my identity stolen. The usual "credit inquiries made by everyone and their mom" and multiple accounts under different creditors racking thousands of dollars. However, one account stood out from the rest in that every month has received a scheduled payment, much higher than the minimum payment needed. There's not a single brain cell in my possession that can come up with a reason as to why someone would steal my identity, open an account, and then make regularly scheduled payments? So naturally this begs a whole rabbit hole of questions pertaining to the tactics of identity thieves and all associated parties. I started thinking that maybe this has to do with the Thief and Associates™ wanting to stay on the down low, and distributing the compromised/fraudulent accounts to some schmuck who doesn't even realize that he's using my account. Would anyone be willing to provide a fairly in-depth explanation to the psychology and tactics utilized within the identity theft industry, and provide any guidance as to why this might be occurring with "my" account? Thanks in advance! TL:DR - homeboy has a fraudulent account under my name and is for some reason making payments even though he has no obligation to [link] [comments]  |
| Posted: 06 Jun 2021 02:16 AM PDT I am an Infant at Investing. I am thinking about opening a Fidelity brokerage account. Any other apps that could be better for a beginner? I am more interested in long-term investing, but am not closing the door to trading. Background info: I am 20 years old and have 9 months of military service. As some may know, the base pay is good, but not great. I would like to start investing since some of my coworkers had a discussion about investing. I want to have my money work for me instead of only working for money. Edit: I am putting 10% of my base pay into the roth tsp, into the C - fund, S - fund, and I - fund. 50%, 40%, and 10%. I was putting in 20% for 6 months until this month, but was criticized for it and changed it because "I understand investing a lot but you gotta live a little and save more of your base pay" from a coworker. [link] [comments]  |
| Is paying extra on my mortgage worth it, or should I invest? Posted: 06 Jun 2021 05:06 PM PDT I find myself at 41, finally with a savings of about $60,000; my house mortgage is at 170,000 at 3% interest, with about 20 years left My question: would it be better to pay extra payments on my mortgage, or safely invest some? Which one would save/make me more money in the long run [link] [comments]  |
| Should I close out my oldest credit card? Posted: 06 Jun 2021 03:03 PM PDT My oldest credit card is linked to my current bank, First Horizon, and they're so behind with technology that it's pitiful, so I've been wanting to switch banks. The only issue is because my current bank is technologically challenged, keeping said credit card and still maintaining it and making payments would be a nightmare. For reference, I got a Citi CC last year and fell in love with how easy the app is to use, even without any other Citi accounts. Compare that to First Horizon and it's the biggest hassle I could imagine, couple that with the fact it takes a few days minimum for anything to post on the credit card, vs Citi that will show it automatically. But enough of my griping about First Horizon and my love for the Citi CC, would it be smart to close out my oldest line of credit so I won't have to worry about maintaining an account with a bank I hate? Will that affect the age of my credit history? I'm still young-ish and have had this card for almost 5 years, vs Citi which I've had for 1 only year. Any advice would be appreciated, and for what it's worth, looking towards Ally bank since they stopped charging overdraft fees on their checking accounts. [link] [comments]  |
| 26, financially stable. Should I max out Roth IRA & 401k even if I'm not planning to retire in US? Posted: 06 Jun 2021 11:53 AM PDT I'm a Canadian citizen, and resident alien in US. While the job brought me to US and I do see some benefits living here, I find it unlikely for me to live here after retirement. With that said, 40 years are plenty of time for my perspective to change, so I don't necessarily count it out. One of the most common advices I've been seeing is to max out IRA and 401k contributions first. I currently only contribute in 401k enough to get employer match, but haven't gone any further as I'm unsure if I'll stay here when I'm old. I'm in my early stage of investment, and I'm trying to convert my saving accounts into investment. Should I still prioritize IRA/401k even if I'm unsure if I'll retire in US? [link] [comments]  |
| Question about building credit with credit card Posted: 06 Jun 2021 06:20 PM PDT I'm early 30s for age and I live in the USA. Most of my life I have avoided credit and just paid for everything straight up and just saved money as I went. I recently got a credit card in order to help "build my credit", and I looked up tips to do that. But most of the advice is fairly nonsense. It seems tailored to people who don't have any money and are using the credit card in order to survive until their next paycheck (which seems incredibly risky to me). I'm not by any means well off or even middle classes, but my wife and I manage to save a fair bit of money because we don't spend very much money, live in a 1 bedroom apt., and we don't have kids. So using a credit card is just an utter charade in order to "build credit". I guess I have 2 main questions about how this works. 1: Most advice I see will be like "Make sure to pay the credit card off every month". This makes sense of course because I don't want to be charged interest. But what does this really mean? Should I wait until the day before it's due and just pay it off? Or should I immediately pay it off after every purchase? It doesn't really make a difference to me but what would reflect better on my credit score? 2: Most advice I see is to stay under a certain % of my credit limit. I think I see 20% or 10% put forward depending on where I look. But what does this mean? If I have a $1,000 limit I would assume I should stay under 100. But should I use $99 dollars in credit ideally? Or would even lower be better? Should I just use 1 dollar in credit then pay that off? 2.b: Also, if the goal is to stay under 100 dollars, would it be beneficial to get to 100, pay that off, then use 100 more and pay that off? Or what would be ideal? Thanks for help. [link] [comments]  |
| Posted: 06 Jun 2021 10:18 AM PDT Hi PF, Located in US. My dad bought his 1st investment property for ~80K and is about to sell it for ~310K. (There would be a capital gains tax liability of ~230K) He is telling me after he sells the 1st property, he will use the proceeds to pay off the mortgage of his 2nd investment property which has a balance of about ~294K. He says because he will not be keeping any of the proceeds for himself and he's paying off the 2nd investment property mortgage, he will not be obligated to pay capital gains tax for selling his first property. If this is wrong, he would owe about ~82K in taxes from his sale + income. Does anyone have any insight to this? [link] [comments]  |
| About to lose my job soon, any ideas? Posted: 06 Jun 2021 06:50 PM PDT I'm authorized to work under DACA and my work authorization expires next week. my job (amazon) has notified me about this and i'm afraid they might terminate me before my work authorization is renewed. It usually takes 1-2 months for the process complete so it's not possible for me to get it renewed before it expires. It's completely my fault for letting this important factor slip and i know it but i just want to know if there's anything I can do? if this is the wrong subreddit to post this too i understand that as well. [link] [comments]  |
| Discovering IRS doesn’t have record of 2019 tax return Posted: 06 Jun 2021 09:40 AM PDT Basically the above, and wondering what my options/next steps are. I've always filed using freetaxusa. I submitted my 2020 return, but got a message that it had been rejected because the amount I listed for my prior year AGI didn't match. I checked my 2019 return and it matched. Then I set up an IRS account and checked there (thank goodness for my SO, I never even knew that was an option.) They have no record of my 2019 return. I checked through my email and I have a message and a case number from freetaxusa saying that my 2019 return had been accepted by the IRS. I'm just not sure who to contact or what to expect: will I be on the line for "not filing" last year? Is this an error from freetaxusa or the IRS? And also because of this, my 2020 return ended up being filed late (I didn't see the message that it hadn't been accepted until too late) so wondering what repercussions that might bring. Would really appreciate any advice for next steps or who to contact. [link] [comments]  |
| Posted: 06 Jun 2021 06:04 PM PDT Hello, I'm 25, currently I've done Roth Accounts. I think maybe I should be putting money into pretax traditional accounts since I'm earning about $90-100k a year. When I retire I would have a lower tax bracket than currently if I'm not working. I am putting 15% into a traditional 401k and maxing out 2 Roth IRAs. Have I been thinking about this wrong for the last few years? [link] [comments]  |
| How much of my income can I really afford on rent in San Francisco? Posted: 06 Jun 2021 12:29 PM PDT My company is moving to San Francisco from Los Angeles. I lived with roommates in college (8 girl suite the first year, then 2 other roommates) and currently share a 2 bed apartment with one roommate. I am tired of living with people so having my own space is a must, and the studios I've seen are too small for me, so one bedroom apartments it is. My pre-move salary is 60k and my current portion of rent is $975+$110 utilities. My salary is being pushed to $115k and I am getting a 10k untaxed moving stipend. I don't have any debt and my expenses (health insurance, medical costs, car insurance) rarely exceed 10% of my income. What's realistic for me to live on in SF at a 115k salary & 10k moving stipend without being excessive? I want a nice apartment with amenities in a safe area because I don't currently have anyone I know in SF other than my coworkers and I'll be spending a lot of time alone. I also have a cat which limits my apartment search a bit. According to the 30% rule, I shouldn't spend more than $2874 on rent, but a lot of the complexes I've seen with the amenities I want are about $3k for my move in date (July). And parking spaces run $250-400 in all of the apartments I've been looking at, even the cheaper ones without amenities! Thoughts or suggestions? Will I be unhappy if I'm spending upwards of $3k, nearly half of my monthly post-tax pay on just living expenses? Do I need to lower my standards or just accept the higher cost of living? [link] [comments]  |
| How to ask for a raise/bonus with metrics of my performance included? Posted: 06 Jun 2021 06:20 PM PDT I work on a team with 5 people who are my equals in terms of job title, responsibility, and time in our current role. I am the youngest and most inexperienced overall, so I am currently paid the least. Over the course of my time with this team, I'm been tracking my work compared to my teammates. As it stands now, I do about 50% of the work on this team of 5. My mid year review is coming up and I'm wondering how to present this information about the value I add to the business in order to get a raise/bonus. I make about 55k and I work in finance. [link] [comments]  |
| Posted: 06 Jun 2021 06:18 PM PDT My mom is 66 years old, divorced for five years, my dad left, leaving her with the house payment and no money in her account. She has a lawyer and the lawyer advised her not to even pay property tax for the house. She has been living in the house rent free for a few years, and her lawyer told her she has only about six months before she will be evicted. She is working, and makes about 40k/yr Which is too much to qualify her for senior housing (although she is on the list). I currently live out of state in a small one bedroom, and I can not afford to support her more then I already do. Her credit is quite possibly the lowest it could possibly get. She has a bankruptcy on her score from a few years ago. She has a little money saved. But not even close to enough to retire or anything like that. Any advice on any programs that can help? Or any advice in general? This is based out of NY. Thank you. [link] [comments]  |
| Posted: 06 Jun 2021 06:44 PM PDT I (23) have never had debt/loans other than the mortgage of the house I just bought, and the only inquiries I've had are from apartments and ISPs/utilities. Throughout college, my father had me on his platinum amex as an authorized user so I can build my credit. My credit score has always been between 670-730, with the reason being "too few accounts currently paid as agreed" and "lack of recent revolving account information". My father, who was the primary account holder, had relatively high monthly balances ($30K/mo), but he always paid in full. On my credit reports, it always shows his balances but that I never paid anything. I think this might be affecting my credit score, but I want to know if I'm wrong before I dispute the account on the grounds of "belongs to primary account holder" Also, my debt to credit ratio is 100% even though I pay my amex in full every month-- what's with that? TLDR
What should I do? [link] [comments]  |
| Euro credit cards for US resident ? Posted: 06 Jun 2021 06:33 PM PDT I travel to Europe a fair amount (or at least I presume I will some day resume doing so), and I also have some clients in Europe who pay me in € into a bank account in Europe. So it would be nice if I could charge stuff on a € card and pay it in € and avoid the round trip foreign exchange. I used to have an American Express € card, but they cancelled all their US residents' € cards earlier this year. Are there any banks that offer € credit cards to US residents without an absurd annual fee? My French bank wants 134€ for a Visa Premier which is a bit much. I have a debit card but I'd like a credit card which gives better protection against dodgy charges. [link] [comments]  |
| Is there ANY way to help my mom's credit card debt? Anything bonus we could do? Posted: 06 Jun 2021 03:24 PM PDT Hi there, my mom is in some pretty big credit card debt (around 29-31k or so depending on the month) and I'm just curious if there's ANYTHING she can do to help out her debt. As she's getting older it makes me more and more concerned. I have offered to help her pay it off but she is a proud woman so I'm just seeing if there's anything else she can do. Would a CC company offer lower interest if she called? Would a CC accept a lump sum payoff of a cheaper amount? (say 10k or something if you chatted with them, or would it need to go to collections first?) balance transfer to a new card? Is there anything else besides a fee to do that? What would the fee be? Is there anything she can do to help it out? Possibly a personal loan at a bank for cheaper rates? Just looking for ANYTHING I an do to help her out :) [link] [comments]  |
| Advisor lied about fund fees while rolling over 401(k) Posted: 06 Jun 2021 10:58 AM PDT EDIT: Thank you everyone for your assistance! I will be contacting Vanguard and John Hancock tomorrow to see if it's not too late to sort this all out. Thank you all for the wonderful ideas and insights! I'm in the process of rolling over my retirement account to IRA accounts. When I called John Hancock, the advisor over the phone told me that I had to roll it into a JH Roth and traditional IRA to separate the two components of the 401(k), due to the nature of the plan. Then he tells me I need to give up my RFUTX for JJERX, a different 2060 target date fund that he assures me is the same. Now, a couple days later, I realize that this fund has a 5% front end load! I specifically asked him if it had any fees associated with buying it and he said in no uncertain terms that there was not. Is he allowed to lie like that? The money hasn't come out of the 401(k) yet, do I still have time to stop this buy? Can I just tell them to hold the RFUTX or, failing that, to keep the cash while I transfer it to my Vanguard account? [link] [comments]  |
| Possible First Time Home Owner advice Posted: 06 Jun 2021 07:24 PM PDT So I recently found out that I may be able to purchase a house my dad has rented our for quite some time. He offered me to purchase this and if I dont then he would sell this to someone that was interested outside of the family. I have till the end of the month to decide. Details regarding this. Owes about 200,000. I think he said the property is currently worth somewhere around 350,000. Im 21, currently live with him and have been saving up my money since my first Job. Im 21 and want to check to see if I even qualify for a loan; my credit score is pretty good also. I make under 25k a year and I think I could do without a roommate but after a short estimate I would be around $700 a month for groceries, insurance, gas, internet, utilities. Im not sure if I should take this opportunity and its a little daunting thinking about it. I would feel more confident if I had a person to room with but im not sure if this is worth planning with someone if its not worth purchasing the home from him. this was all of the sudden so apologies if I miss any info. [link] [comments]  |
| Aging with (partial) traditional IRA to Roth conversions Posted: 06 Jun 2021 05:49 PM PDT Suppose someone:
Do any/each of those conversions have their own additional 5-year aging requirement? My understanding is that the aging requirement could apply only to withdrawals of the gains, anyway, not to withdrawals of the original contribution/conversion amounts. The conversion amounts are subject to tax the year they are converted. Is all of that correct? I've seen some discussions about "early retirement" and funding retirement with taxable savings for 5 years, but I believe those discussions have all been premised on someone who is under 59½. IRS Pub 590-B is only sometimes helpful. [link] [comments]  |
| Am I insane to spend this much on rent or can I justify it? Posted: 06 Jun 2021 07:17 PM PDT Im 27, from Ireland and moved to Singapore. My current salary is $8500 SGD (6,415.77 USD) per month. I currently live in a flat share and pay $2000 SGD per month, however I'm really sick on living with people and just want my own space. It would definitely be possible for me to find a place for $2500 SGD to live alone, however I really want to live in the city centre and I've seen this amazing condo that I've fallen in love with. The only downside is, that it's $3500 SGD per month (Including Utilities). Am I insane to do this? The budget would be as follows:
At the moment I'm able to save $3000 SGD so as you can see above this would go down to $1500 SGD. I currently have a 6 months emergency fund, however I have no property of house. [link] [comments]  |
| Posted: 06 Jun 2021 05:22 PM PDT Not sure how to properly word this, but I'll try my best (on mobile too, so sorry for the format): I work for a consulting firm in a somewhat niche field as a full time, W2 employee. Not sure if relevant, but I (and most of the company really) need to hit 40hr of billable hours and gets OT (straight time only) even though I'm a salaried employee. For the majority of the time, we get a assigned to a client, do the very specific tasks they hired our company to do, and move on to the next client. We're usually play the role of SME and help the client do something they simply have no capability of. (Think engineering consulting or architectural designing) My current client and assignment is a little bit different though. It is a staff augmentation sort of contract. The client already has a team to do the stuff that we do, but they are just short staffed. I'm assigned to the client's team pretty much 100%, report to the client's chain of command, and when/if the client decide to end remote work, I would be working out of the client's office. I check in with my company supervisor once a week, mostly to log my time sheet. Recently, the client started to post hiring ads for multiple openings of the exact same position, at the same office, with the same team. My client side supervisor was encouraging "everyone interested" in the position to apply during our weekly team meeting where I was the only external member (everyone else is internal and has either that position or the ones above it) Am I legally (or morally/ethically) allowed to apply for a job with my client? Would there be some sort of conflict of interest? [link] [comments]  |
| Car loan and trade in question. Posted: 06 Jun 2021 06:54 PM PDT If I cancel My auto Extended warranty contract worth $4000 (it says cancellable on my contract), does my entire car loan go down by $4000? Reason I'm asking is because I want to trade in my car for a newer model but am currently upside down on my loan vs trade in by about $3000(e.g. dealership will pay off car for $30,000, I have $33,000 left on loan). I'm wondering if I cancel the svc contract that would offset it and make positive equity (under my scenario new loan amount of $29,000). Does cancelling extended warranty on an automobile work in that way? For further clarification, car is financed through Volvo financial. Thank you. [link] [comments]  |
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