Personal Finance Wife getting fired because she gave two-weeks notice? |
- Wife getting fired because she gave two-weeks notice?
- Every well regarded investment book I've read boils down to the "passive, lowest cost, index, buy and hold" strategy.
- Ordered fish from Alaska, it was delayed without a freezer for 3 days, and now both companies deny responsibility.
- Questions about my personal retirement finances pertaining to Roth IRA and Target date 401k
- Does the “don’t buy a house that is over 3x your income” rule of thumb apply when I can manage a larger down payment?
- (May be NYC-specific): Can you be financially successful being a renter for your entire life?
- Rent an apartment or own a mobile home
- Would it be a stupid idea to downgrade my car to pay off some debt?
- What kind of advisor to get (US)
- Process of gifting a vehicle from NY to TX?
- Does using my maximum credit card limit but still paying it off in full effect my credit score negatively?
- Someone random sent me $40 over Zelle
- Best way to partially finance future home renovation? HELOC? Home Equity Loan? Cash out refinance?
- Japanese Budgeting Method
- Working on getting my finances in order before moving out. Starting my new job in the Fall
- What happens if I have medical debt in the USA and try to re-enter the country?
- In home buying process…
- Have no idea what to do with my savings account. Someone please point me in the right direction.
- I quit a job in October 2019 but didn't receive my final mobile deposit, any recourse?
- How do I best fight against having my salary cut (if it happens)?
- Personal finance book/resources for late 20s?
- Pay off mortgage or keep savings
- How do parents with debt get around giving away their money before they pass away?
| Wife getting fired because she gave two-weeks notice? Posted: 04 Jul 2021 09:49 AM PDT My wife works in a restaurant that is owned by a rather vindictive, obscenely wealthy old lady. She was being disrespected regularly by the owner and management staff, and this week put in a formal letter submitting her two-weeks notice. Wife is now telling me that rumor is that the owner now wants to fire her. My advice to her was, "Make sure she says the words, "You are fired." or "You are terminated." If you get fired, you can collect unemployment from her. If she says something like, "I accept your two-weeks notice, but we don't need you to work the two weeks, you can go ahead and quit today." Don't accept that. She's essentially firing you without having to pay you unemployment. Is that advice decent? I doubt my wife would actually claim unemployment, but it's more about the principle of the thing. "You can't quit, because you're fired!" Fuck that. If you're gonna officially fire her to make her look bad, you better be ready to do it officially, which means ponying up for unemployment, termination pay, etc. Right? [link] [comments]  |
| Posted: 04 Jul 2021 09:52 AM PDT So is there a point to reading more about investing? Seems after about five or six of the "classics," we are reaching the point of severely diminishing marginal utility, are we not? [link] [comments]  |
| Posted: 04 Jul 2021 06:52 PM PDT Title pretty much sums it up. I live in Alaska and ordered from a local company for a fish delivery to a family member down south. Ordered on Tuesday online with my debit card, received an immediate receipt via email. Then received a call on Thursday about lack of availability of a specific type of fish, so I got it upgraded to a different type of fish and again received an email receipt of that difference - this time with a shipping tracking number attached. However, my family member got a call on Friday in regards to the shipment from the shipping company (separate from the fishing company) stating that the shipment was delayed. They don't deliver on weekends, so the fish would be sitting in their warehouse from Friday till Monday. And after my family member asked about freezing the box of fish while it waits for delivery, the delivery company stated they don't have freezing capabilities. The shipping company denies responsibility, stating the shipper request freezing of the box, and the fishing company denies responsibility stating it's on the shipping company for not taking care of the fish. I should mention there is no option online or in my emails given to change shipping in any way - the fishing company handles that solely on their end without the customer being able to change it. What kind of recourse, or options do I have? [link] [comments]  |
| Questions about my personal retirement finances pertaining to Roth IRA and Target date 401k Posted: 04 Jul 2021 07:06 PM PDT I am 34yo working for the same tech company for 10 years, make ~90k and put 13% into my 401k with employer matching 5%. I am about maxed out in my current pay grade and don't plan to start making much more, 1-3% a year from now on unless I go back to school. My wife makes about 30k a year working for a school district and pays into PERS but otherwise doesn't save for retirement. I am really uninterested in (scared of?) finance but was talking to a coworker recently and he said he is maxing out a Roth IRA and then putting 5% in 401k so I researched and am thinking maybe I should also be maxing out a Roth IRA to help me avoid taxes in retirement. Also I always read that you shouldn't use dated funds but I am afraid to change my 401K investment because then I would be responsible for it if I screw it up somehow, I know blaming fidelity in the future won't help me but it would feel better if I could blame someone else (I know dumb). Basically I want some advise on if I should be using a Roth IRA and if I should be messing with my 401k investements. I feel like I should be playing a more active part in all of this but am afraid to touch anything and mess it up, plus Fidelity's website says that I am on the right track and the numbers they estimate for my retirement seem really good. Some details: Age: 34 Household income: 120k 401k: 13% + 5% match (of 90k) [add an extra % every year] Current amount in 401k: 130k Rate of return on 2050 target date fund= 1y- 37.12% 3y-12.52% 5y-12.83% 10 Year/LOF= 8.47% [link] [comments]  |
| Posted: 04 Jul 2021 09:03 AM PDT |
| (May be NYC-specific): Can you be financially successful being a renter for your entire life? Posted: 04 Jul 2021 11:16 AM PDT I make a good 6-figure income and could conceivably save for a down payment and afford the mortgage on a nice 1 bedroom apartment (in the $650-800k range). But owning an apartment in NYC just seems like such a hassle in terms of being responsible for taxes, maintenance, potentially a co-op board, etc etc. And not having the freedom to move around when I want to experience a different neighborhood. I definitely see NYC as being my home base for the rest of my life. And the good renters' rights laws in NYC make renting not too bad... in general, you won't be dealing with some small-time landlord who doesn't let you hang things on the walls and harasses you constantly. But I have this weird feeling that if I don't own property, I will never be truly secure even if I build wealth in other ways. Or that in a place like NYC, the cost of rent will always go up a lot (unless you secure a stabilized apartment). This may be a very NYC-specific question as there aren't many other parts of the country with such a unique housing market, but what are everyone's thoughts on this? [link] [comments]  |
| Rent an apartment or own a mobile home Posted: 04 Jul 2021 05:03 PM PDT Hey all, I've seen others speak on this before but I definitely do feel it's unique to each person's situation. However, I'm sorry about the redundancy and the lengthy post. My original idea was to buy 2 mobile homes, and live in 1. One goes for $10,900 and the other's at $15,000 and both are in solid condition. I wanted to take out a $30,000 personal loan, and finance it as close as possible to whatever I would end up paying in interest if I decided to just make the monthly payments on both homes. (Only because I don't want to drop 30k cash, I can't on my own.) (Credit is great) I make about 4k-5k every month myself, plus some other income from side jobs I do for family, and my girlfriend makes about the same amount right now. I'm also a college student. I wanted to continue buying mobile homes as a type of investment, and to live in too. Is this worth it? Edit: I think in the long run I would totally buy a piece of land. Lot rent would definitely add up. I guess I want to see if this would be a viable way to begin this type of cash flow. [link] [comments]  |
| Would it be a stupid idea to downgrade my car to pay off some debt? Posted: 04 Jul 2021 06:58 PM PDT Hello, My mom is getting a new car, and my parents are going to give me her old one (a 2016 Honda). (My current car will go to my younger sibling.) According to KBB, the trade in value median is $12.6k and private retail value is $14.5k. I have $5k in credit card debt and $20k in student loan debt. My question is, would it be a stupid idea in the long run to downgrade to a car that is $8-10K and pocket the $4-5k difference to use towards getting out of credit card debt? Or should I just enjoy this unexpected, nice upgrade? Thanks! [link] [comments]  |
| What kind of advisor to get (US) Posted: 04 Jul 2021 06:03 PM PDT So I find myself in a situation I never expected, and I'm trying to find a path forward that makes sense and also fits my abilities. I'm 58, work in academia, as does my wife. We make about US$80k and US$90 (she makes a bit more than I do). House is paid for, expenses are minimal since we're both rather naturally cheap. We keep our finances separate, but a couple of years ago we were at about US$1M assets each. My investments have been a bit hodge-podge, since honestly financial stuff doesn't interest me. I stuck money more or less randomly into VOO, IVOO, VIOO, BLV and didn't worry about it. After a while that seemed too random to me, especially since I was not re-balancing on any kind of schedule, I was just sticking more money into stuff and forgetting about it. I honestly just don't like thinking about it. Thus, I was moving chunks of it into FIHFX, with the plan of moving all of my money there. That's at 20% bonds right now which I guess is right, I don't know. But I've done this for twenty years, and had a couple of windfalls we need not discuss here since you'd laugh at me, and I now find myself looking at about US$3M in all my combined accounts. I would like to work for another five years or so, and during that time I would like to be a bit on the higher risk/higher return end of the scale. Then once I retire I'd like to move pretty rapidly down to the lower risk end. In the next year or two I'd like to buy a summer house on a lake somewhere, which I think would be under $500k, which I think would be something like $40k/year for mortgage and upkeep and so on. When I retire I'll have to pay health insurance myself, I guess, and I plan to keep eating. That's the extent of my financial plan. I had a CFP I talked to every couple of years for a few hundred bucks who would point me at some ideas in what to put money into and give me some tax advice. I had a meeting with him after my latest little windfall and he offered to manage my investments and financial stuff for 1% of the invested value. So, what does one do here? This is a level of assets I never expected to have. I do not have plans for this. Options: My instinct here is to stick it all in FIHFX and forget it for a few years. Low fees, balances itself, I guess 20% bonds is about right. Is there an obvious flaw in that? I could talk to someone at Fidelity. I think Fidelity advisors are fiduciaries. I get offers from them which I have so far ignored, but I suppose that would be an easy option. I could take my CFP up on his offer. He knows what he's doing, he's a fiduciary, he could probably save me some money on taxes and so on. I don't know. 1% seems like a lot to me. I could get another CFP and just pay an hourly rate for advice once a year, as I've been doing with this guy. Something else. Buy an annuity? I guess an annuity would pay my bills and would have very low risk. No worries, a check coming in that's large enough to deal with any contingencies, huh. I always thought annuities were a terrible idea, but maybe not. Thoughts? [link] [comments]  |
| Process of gifting a vehicle from NY to TX? Posted: 04 Jul 2021 05:22 PM PDT My dad who is in NY will be giving me his vehicle, I just moved to TX. What would the process look like for our situation? I've tried doing research but it's left me more confuse than before. Would we have to fill out any forms in NY or is everything done in TX? I know that he would have to return the plates back to NY afterwards but other than that I'm lost. [link] [comments]  |
| Posted: 04 Jul 2021 03:45 PM PDT Like the title suggests, I am a student who just got approved for a Discover Student credit card. One question that I seem to have that I haven't been able to find an answer for is this: If my credit limit is $500, and I max out my credit card, meaning I spend my entire $500 limit, however, I still pay off the entire outstanding balance in full by the end of the billing cycle / month, does that negatively effect my credit score, or help me build it faster? Most people stick to the 30% rule, which is basically that they shouldn't spend more than 30% of their credit limit, however this being my first credit card, I have a few questions, and this seems to be the one that isn't getting answered anywhere. [link] [comments]  |
| Someone random sent me $40 over Zelle Posted: 04 Jul 2021 09:20 AM PDT How likely is it that this is a scam? I received a $40 Zelle payment yesterday. Within 10 minutes I got a text saying that they accidentally sent me money meant for their sister. They said they typed the number in wrong. They asked if I could send it back and seemed pretty upset when I didn't respond right away. This morning I got another text with "you must need the $40 more than my sister. Happy 4th." I don't think my bank or theirs can reverse the transaction and I want to trust that they really did just type the phone number in wrong and it's not a scam. Either way, it's only $40 so I guess if it is a scam it's not that bad… What would you do? Update: thank you all for the advice! I have notified my bank & sent in an email to Zelle's customer service. The phone number has been blocked and I won't be sending any money to them or their "sister." I will wait for Zelle to reverse the money. [link] [comments]  |
| Best way to partially finance future home renovation? HELOC? Home Equity Loan? Cash out refinance? Posted: 04 Jul 2021 05:05 PM PDT My house is currently worth at least 650K and I owe 360k on a 30 year mortgage at 2.85%. I have 29 years left. 800+ credit score. We are about to sign a contract with an architect on a renovation that we think will cost about 250k and we hope to begin construction next spring. We would like to finance about 100K of that through our home. We will stay in this home at least 10 years. Whats the best way to figure out how I should finance this? Calculate the 10 year cost of all these things? [link] [comments]  |
| Posted: 04 Jul 2021 07:16 PM PDT Has anyone tried this Kakeibo budgeting method? I get confused with the apps, YNAB and even premade excel templates. WHat were your results? [link] [comments]  |
| Working on getting my finances in order before moving out. Starting my new job in the Fall Posted: 04 Jul 2021 05:00 PM PDT Hey all! Just a little background, I'm 24 and graduating nursing school come August and will be working full-time starting in September. I currently have 14k in savings (8k invested in to stocks), no student loan, no car payment. I have already gotten and accepted job offers as a registered nurse and the pay for new grad nurses has been.... a little less than I expected at about ~57k per year. My goal was to save ~1000k per month as well as contribute 15% towards my 401k but after crunching the numbers I feel that may be an out of reach scenario. Should I lower my 401k contribution in order to save for a house in 2-3 years? The 401k match of the hospital is 6%. Just wondering if I am considering all expenses correctly in order to have a ballpark of how much I can spend on rent. I was estimating about $1000/month at first but it seems 700-800 sounds a lot more realistic. Thanks! Spreadsheet here [link] [comments]  |
| What happens if I have medical debt in the USA and try to re-enter the country? Posted: 04 Jul 2021 03:26 PM PDT In December 2018, a friend of mine was on holiday in Colorado and had a snowboarding accident. He was hospitalized for about two weeks and then discharged. The day after his release, he had a serious complication and was rushed back to the hospital by helicopter. A laparoscopy was performed and he lost a kidney. In all this, he didn't have any health insurance so he was charged unreasonable costs that he can't afford to pay (and will never be able to pay). On the advice of the local medical staff, he simply returned to his country without paying and has not received any particular requests since then, except sporadic emails from the hospital. To date, the situation remains unresolved and he would like to know the consequences of a possible return to the United States. I am not sure if cases like this are federal or state issues and if there is any time-limit for the case. What could happen to him if he attempts to go back (not in Colorado but another State)? [link] [comments]  |
| Posted: 04 Jul 2021 04:15 PM PDT We're in the home buying process and already have pre-approval. In our market, it's really hard to find a home in our price range. We can afford a larger down payment (and house) but not monthly. We can, however, afford a larger house monthly if we downgrade our vehicles (a truck at $609/mo and an SUV at $413/month). We may have some negative equity but if we downgrade it would lower our monthly debt to income ratio and we could afford larger monthly payments. Would it hurt us in the home buying process to do this now if it lowers our debt to income? [link] [comments]  |
| Have no idea what to do with my savings account. Someone please point me in the right direction. Posted: 03 Jul 2021 11:50 PM PDT I have $100,000 sitting in my savings account and know I'm losing money thru inflation. I'm 40. Smoke and drink, so probably not the best health. My wife doesn't work and I'm currently making about $50,000 a year (Texas). My home is paid off and, currently, valued at $250,000. My 3 cars are paid off. Have 10,000 of credit line that's paid off and aside from a bunch of medical bills (not mine) have zero debt. I also have a $15,000 401k that I'm contributing to thru work and a $250,000 life insurance policy. I have no idea what to do with this money and feel like the stock and housing market is about to crash. My goal is to make sure my wife and 3 kids are set for life if anything were to happen to me. [link] [comments]  |
| I quit a job in October 2019 but didn't receive my final mobile deposit, any recourse? Posted: 04 Jul 2021 03:55 PM PDT I was going through a lot of shit and never noticed I didn't receive my final week's deposit from the company until over a year later. I'm considering emailing them but want to know if I'm just out of luck or there's hope [link] [comments]  |
| How do I best fight against having my salary cut (if it happens)? Posted: 04 Jul 2021 12:04 PM PDT I think my salary will be one of the first cut and here's why: 1) There's a clause in my contract saying they are allowed to lower my salary. I figured that was fair so that they can not lay me off but still keep me paid if the pandemic persists or whatever. 2) I have a fully remote job for which I scored a high salary by truthfully saying that I had every intention on moving back to NYC when the pandemic is done. I have yet to move back, and I think my boss knows that I've been considering against that lately. 3) Our main revenue stream has been decreasing over the last few months and my boss said he's going to discuss with the CEO some "heavy options" for if things get worse, and he mentioned how they already had to offshore one department. 4) I'm one of the newest employees, having only been there for ~100 days. So, I think that my salary will be the first to be cut and I'm not sure what to do besides obviously save money. If they tell me it'll be cut, can I still ask for higher? What do I do? [link] [comments]  |
| Personal finance book/resources for late 20s? Posted: 04 Jul 2021 10:30 AM PDT Read Ramiro Sethi's book and recently started Rich Dad, Poor Dad. (Did read that author declared bankruptcy, though...) Looking for recommendations, maybe particularly targeting 20s/30s without a lot of money to manage. Just getting started on personal finance "journey"; low salary, crappy apartment, no car, no help from mom & dad through college and some loans to pay off plus credit card debt; so, not really looking for books about managing a lot of assets or how to manage and make big investments. Thanks [link] [comments]  |
| Pay off mortgage or keep savings Posted: 04 Jul 2021 08:09 PM PDT Debating on what the best move to make is. I'm not very financial literate, so my apologies if I make any mistakes. My husband and I owe about $34k left on our mortgage. It's 3.6% rate. I started a new job in February that pays significantly more than my previous. I'm not eligible for my company 401k for another month, but I maxed out a Roth IRA already for the year. Once I'm eligible, I plan to max out as much as possible on it as well (employer matches). We have enough in savings right now that we could pay off our mortgage, but it would deplete most of our savings. I'll probably have another 12-16k extra after all expenses this year based on what I've already saved. Does it make more sense to wait until we have more in savings, or should we pay some/all of the mortgage off? It's feel really nice to be debt free if we paid it off... [link] [comments]  |
| How do parents with debt get around giving away their money before they pass away? Posted: 04 Jul 2021 08:07 PM PDT This seems like a very common thing. Parent will die with medical debt and has a 401k or home they wanted to give to their kids. But if they just pass away then the home and 401k go Into the estate and company where the debt is owed can go and get their money. How do people get around this? [link] [comments]  |
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