Personal Finance Girlfriend was talked into almost $3000 in dental appointment, help! |
- Girlfriend was talked into almost $3000 in dental appointment, help!
- Mom(67) 'retired' told me she has 70k in CC Debt,40k student loans What can I do?
- Don’t be scared to take the leap
- are there any risks to cashing checks from a stranger?
- When you receive a substantial raise, what "extravagant" expenses are worth spending on for general QOL improvement?
- Mother's landlord offered to sell her the house.
- Don't be afraid to ask your bank to lower your auto loan rate!
- Another PNC Story - automatic ACH withdrawals that they can't stop
- [US OHIO]I'm full time caring for a friend with a variety of mental disabilities, are there any programs we can sign up for that can help us?
- Strategy for leveraging "the great resignation" to get a small pay increase? (Like $2-3 per hour). Company has been telling me no for 2 years, I have a meeting tomorrow.
- Losing deceased fathers estate at 1pm tomorrow!!!
- Five year time horizon pay off house or invest in stock market?
- I Bond Question - Interest Accrual
- Delta dental just sent me a check and now I'm confused
- Am I screwed? (Botched Rollover by Fidelity)
- How to look out for scam-able elderly parent?
- Potentially new Venmo scam?
- Boss is taking weeks to approve raise
- Why not use retirement account to save for a house?
- Roth IRA for First Home Down Payment
- Should I pay off my vehicle?
- Paying Off 0% Interest Loans, Leaving Job Soon
- Would you sell your new car to invest portion?
- Do HDHP and EPO/PPO plans have the same contracted rates for the same provider?
| Girlfriend was talked into almost $3000 in dental appointment, help! Posted: 02 Nov 2021 01:19 PM PDT Hey everyone! So, my girlfriend was waiting for her company to get dental and they still haven't. This stressed her out so she decided to just pay for a cleaning out of pocket. She went, got the cleaning, setup next appointments and came home. They told her she needs minor work, nothing too concerning or pressing, and it will cost her $1000 per appointment, 3 appointments before the end of the year. They shotgunned them for her and talked her into the private plan with their office (each appointments is still $800 with a $300 entry fee, better, but not by much). I told her to cancel them, get private insurance or something, then go to a new dentist but she's convinced this is "what you're supposed to do." Is there another option I can provide her that is better? Let me know, thanks! EDIT: wow, thank you all so much for everything! She came home and read through the comments and now understands that this isn't right. You have saved us a ton of stress and monetary loss ans I cannot thank you enough! [link] [comments]  |
| Mom(67) 'retired' told me she has 70k in CC Debt,40k student loans What can I do? Posted: 02 Nov 2021 03:09 AM PDT My mom told me she has 70k CC debt with ~10% interest rate and student loans at idk what type of interest rate. She has not had a job in 20 years. She has a few rental properties and makes about ~1k a month from them. My mom has a history of being terrible with finances and I dont have any confidence in her to get out of debt. I am certain these debt numbers are actually worse than what she is telling me. What options does she have to reduce her interest rate/payments? I am a single 29 male. I have some money saved up and have a decent job. I theoretically COULD help her out, but I am worried that if I did she would just end up in this hole again on her own... My mother told me she has about 20k that she uses to trade stocks. But shes the type of person to fall for pyramid and MLM schemes easily so I am sure that this is not a good method for her. I would guess she has ~100k in retirement savings. [link] [comments]  |
| Don’t be scared to take the leap Posted: 02 Nov 2021 04:03 AM PDT EDIT: to add I had 15 years experience in my industry when I took the job. I accepted the lower pay because I had a two year gap in my industry. The job required my boss and I to open up a brand new location. We went from zero sales to almost $300k in gross sales a month within a year. Hi everyone! So basically I've been reading here how the market is hot for employees right now. I've been getting underpaid with my current job. I really liked my job but the pay was hanging over my head. I have been working very hard and my one year anniversary came up. My boss always says I do a good job and go above and beyond. Nothing came up about a raise and I didn't feel encouraged by my boss. I liked my boss but he can be passive. He doesn't even want to ask for a raise for himself. My boss ended up looking into the raise and it was 50 cents. Laughable. I started applying at jobs and finally got a hit. 2 interviews later I got a job offer. Old job $45670 New job: $66,900 plus 2k sign on bonus. That's a 21k plus swing. Don't be afraid to put yourself out there! You never know! [link] [comments]  |
| are there any risks to cashing checks from a stranger? Posted: 02 Nov 2021 03:22 PM PDT I'm getting a check from a stranger, I want to deposit it into my account, my working theory is if I don't touch it and wait for it to clear, there aren't really any risks, but I wanted to ask here since you guys are the ones good with this type of thing. Edit: decided to play chess, and told her the check "could not be verified" now she's asking me to Zelle her 100 dollars to verify. Lul thanks guys. Defo a scam haha Though I'm not really sure how she intended to get my money Edit; holy heck why is every comment I post on this get downvoted? [link] [comments]  |
| Posted: 02 Nov 2021 12:24 PM PDT I've accepted a new job; it comes with a significant raise. SO and I are very financially frugal and set up well long term. Fully funded emergency fund, 15% towards our 401k accounts, 529s taken care of, no debt outside of student loans (Federal only, which we're using the avalanche method on to pay off quickly) and our mortgage, saving appropriately to handle future large purchases with cash (cars, home renovations, etc). With this in mind, what seemingly "extravagant" expenses are worth it (if you can afford them) as they'll prove your QOL? My SO has a chronic illness that causes physical impairments, do we've long joked our career goal is to make enough money to pay for a cleaning service. It would make both of our lives easier and give us more time to enjoy life together. That's finally an option for us with this new raise. Any similar expenses that are worth it? [link] [comments]  |
| Mother's landlord offered to sell her the house. Posted: 02 Nov 2021 07:09 AM PDT Hi all. Any advice appreciated. To make it as short as I can, my mother's landlord is selling all of his properties because he does not want to be a landlord anymore, but in my mother's case has offered to sell her the house for $10,000 if she would continue the monthly payments ($550) until the total selling price has been paid in full ($60,000 or so). She basically has zero chance of getting a loan to buy the property normally so her only options are this or moving (which she doesn't want to do). I'm a little apprehensive because I don't know how this deal would work, or if there is a term for it. I also do not understand the landlord's motivations to sell to her if he doesn't want to continue being a landlord but will continue taking her payments. My biggest concern is something backfiring on her and all the money will be wasted. My questions are: [link] [comments]  |
| Don't be afraid to ask your bank to lower your auto loan rate! Posted: 02 Nov 2021 08:35 AM PDT Obviously, this only applies if you have a loan through a bank, but I'm able to request a rate reduction every 6 months and my rate has gone down from 3.2% to 2.4%. Honestly, I don't know if 2.4% is considered a "good" rate... EDIT: I guess this is rare? To clarify, I'm at a CU. But yeah, I guess loan rates have been going down and I haven't missed any payments so they offered a lower interest rate when I asked. [link] [comments]  |
| Another PNC Story - automatic ACH withdrawals that they can't stop Posted: 02 Nov 2021 09:17 AM PDT I had a mortgage with BBVA, which transferred over to PNC earlier last month. When my mortgage transferred over, they created an unauthorized virtual wallet account and set up an automatic monthly withdrawal from this virtual wallet account to pay the mortgage. You cannot see or manage this automated payment on the online website. So I pay my mortgage via an automated payment from Wells Fargo via PNC's online website. That worked just fine. Four days later, PNC deducts $8400 from the virtual wallet they created and tell me to deposit money within 24 hours or get charged overwithdrawal fees. In an account I didn't create. Amazing. I called customer service. What did they say? "I'm sorry but we can't stop this payment. It will go into overwithdrawal and you will be charged the overwithdrawal fee. You can call us later to review it once you are charged." Even better - "I will have to put in a request from another department to cancel the future automated payments from your virtual wallet. I see that the payment was deducted from an autopay from the virtual wallet, but I cannot manage this autopay setting. It will take a few days." [link] [comments]  |
| Posted: 02 Nov 2021 01:05 PM PDT First off I'm honestly not trying to mooch the system... But I'm actively working like 20/7: being a full time student, 30+ hours of work and being a care taker, I'm just going further in the hole because of this situation fanatically and mentality, So I will take anything I can get. I know programs like what I'm looking for exist, but I'm not sure what qualifies for this assistance. This person is not my family but I'm the closes family they've got. They also are not completely incapable of living a semi normal life, but at the moment they need assistance. My friend has been diagnosed with borderline personality disorder, major depressive disorder, AHAD and a variety of other more minor issues. They have been hospitalized at least 7 times in the past few years since the pandemic for attempting suicide. My tasks include:
So my questions are: Is there a program they we can apply for in my situation? If so, where should I look or who should I talk to? Does it matter if we are not related? If it does matter, would a legal marriage fix that? Are there any other steps I should be trying to take at this point to help with this situation? Thank you for any help! I will get back to any follow-up questions in the comments. [link] [comments]  |
| Posted: 02 Nov 2021 06:10 PM PDT I'm an independent contractor and going on my 3rd year at this company, always remote, even pre pandemic. I don't have a direct manager. I've never gotten a pay raise, although I've asked several times over the years - last was around 2 yrs ago. I make around $15/hr but with self employment tax i keep like $11/hour.
Thoughts? Apart from quitting, listing the messes i cleaned up, and showing salary data. I know they are short handed and really can't understand why they are being so stingy, as I know for a fact they're making buckets of money. Some of the higher employees make $250K (I overheard this once, it's not common knowledge). Thank you! [link] [comments]  |
| Losing deceased fathers estate at 1pm tomorrow!!! Posted: 02 Nov 2021 04:32 PM PDT So my father passed away back in February early this year, and I have three older sisters that were talking to the lawyers about everything's I was just here to help pay for the property. My sisters have told me that everything was under control. But now not so much. It's being auctioned off tomorrow afternoon. And no one is trying to do anything about it but me and the oldest sister. I came up with the idea of cutting as many trees as needed down to pay for the property. And me and two of my sisters are trying to get loans to put together to pay for the property. But not so much luck. Also we still don't know if they will work with us and hold of the auction in order for us the do the whole cutting the trees down way. I don't what I can do? I really don't want to lose my fathers property. It meant so much to him…. And suggestions [link] [comments]  |
| Five year time horizon pay off house or invest in stock market? Posted: 02 Nov 2021 07:06 PM PDT I have a big life event coming up in five years that will involve me moving state and selling my house. Also, I recently inherited enough cash to pay off my mortgage ($700K, 28 years left, 4% interest rate) and was wondering what is the best financial decision? Do I pay off my mortgage or invest in the stock market? I imagine I can beat a 4% return, but given early mortgage payments are so interest heavy how does that work out? Also, how much of a tax break do I get if I pay interest on a mortgage? I'm a little new to this so apologies if I got anything wrong. Looking for help here! [link] [comments]  |
| I Bond Question - Interest Accrual Posted: 02 Nov 2021 07:17 PM PDT I'm sure there is a reasonable explanation but my numbers are not adding up. In May I bought my first I Bond. I put in 10k. Rate was 3.54%. So I calculated that in 6 months the return would be $177. I just checked my account today and it shows that the value of the bond is $10,088, which amounts to half of what I expected. Can some one explain to me what I'm missing? I'm pretty sure that the issue is that I don't understand exactly what to expect. I thought interest accrued monthly. In advance I appreciate the community's help. [link] [comments]  |
| Delta dental just sent me a check and now I'm confused Posted: 02 Nov 2021 05:24 PM PDT So delta dental sent me a check for 500, but at the same time says in the claim I owe 1100 to my dental provider. My providers in network, and they went through my costs when I went in just over a month ago and I paid my dental provider roughly 400. The numbers don't really add up. The statement they game me was the total amount of claims is 1900, amount I owe my provider is 1100, and amount paid by delta dental is 500. How is it I'm in debt now 1.1k when I believed I was already paid up, and why is it they sent me a check? I'm trying to get ahold of my dentist but figured I'd come to you all to get advice. [link] [comments]  |
| Am I screwed? (Botched Rollover by Fidelity) Posted: 02 Nov 2021 04:39 PM PDT Ok so I have had a nightmare of an experience working with Fidelity customer service after they screwed up rolling over a 401K they managed and they're telling me after almost a year of back and forth that I am shit out of luck. I was wondering if anyone here had any advice or if I really am screwed. It's a long story so thanks in advance for reading. So I have both 401(k)s and IRAs with Fidelity Investments. Towards the beginning of the pandemic I left my job that had the 401(k). To avoid paying the quarterly fees I decided to roll over the 401(k) into my IRA. I initiated a rollover into my Roth IRA and a newly opened rollover IRA (again also held in Fidelity). They ended up screwing up the rollover and I had to call back and do it again. Not a huge deal, but annoying. The representative also gave me incorrect tax advice implying that my rollover was going to be a taxable event when it really wasn't. Again this isn't the main part that screwed me over but it is context that suggests to me that this company's customer service is a joke at best and negligent at worst. So this is where the real issue comes in. While on the phone the second time to make this rollover happen, I was asked if I wanted to bring over the assets in my 401(k) as they are (in kind) or liquidate them to cash and reinvest once it's brought over. I had a several minutes long conversation with the rep about any fees associated with doing it one way or the other and ultimately decided to bring over my shares as they are to avoid market volatility (this was end of October/early November 2020 when the market had that mini dip and was bouncing back). The representative confirmed the decision to bring over as is and told me I'd get an email confirmation and see everything roll over in the next 7-10 business days. So fast forward a few week and I'm looking at my accounts and seeing my 401(k) empty and my Roth and rollover IRAs having cash added to them. I think this could be a temporary credit that was applied while waiting for the assets to fully hit the account. I call customer service to see if this is a glitch or if it'll take longer for my shares to just show up. I'm told to call back in a few business days since the shares might still be settling. After a few more days I call back and I'm then told that the assets that were in my 401(k) were not eligible for Fidelity IRAs so they were liquidated to cash. I complain that this was done without my consent and in complete contradiction with the conversation I had when I initiated the rollover. I'm frustrated because had I known that they would be liquidated to cash I would have closely monitored my account and reinvested as soon as they hit my account. Because I wasn't watching I ended up missing a 7% move in the market (which is paltry compared to what's happened since but at the time the market was still seeming volatile). The rep makes a note and tells me they'll reach out to the supervisor and get back in touch with me, but the rep suggests I just re-purchase the shares now. I ask if doing that would disqualify me from any adjustments that could be made to backdate a purchase and the rep says "probably." So that was November 2020. Over the next nine months I get bounced around between Fidelity 401(k) and Fidelity IRA representatives (each of whom says I should be talking to the other team and that legally their two entities are separated so they can't actually see relevant information). During that time the 401(k) reps pull the recordings of the phone conversations that happened when I asked for the rollover and acknowledge that they gave me incorrect information and tell me—of course without expressly promising because of legal bullshit—that they'll try to make this right. At some point in August I get assigned a customer success rep who tells me that they will be the last person I need to talk to you about this. He escalates the issue and "makes my case" and then gets back to me telling me "there will be no adjustment." The reason he gives me is that the rep that I spoke to that first time I called in vaguely suggested that I should re-purchase my shares and therefore it's my fault that I'm still sitting on cash that should have been invested in assets that appreciated over 30% in the time since they liquidated them without my knowledge. Essentially here I'm being told that because I could have accepted taking a 7% loss because of them, it's my fault that I'm now down 35% because of them. I expressed my disbelief and was stonewalled, telling me I could send a written complaint to some PO Box I'm sure no one reads. I'm out thousands of dollars and while standing here now, I wish I had just let them screw me out of 7% instead of 35%, now it feels like an especially weird time to buy in my entire 401(k) when the market is at an all time high. What would you do in my position besides take my business elsewhere or go back in time? [link] [comments]  |
| How to look out for scam-able elderly parent? Posted: 02 Nov 2021 04:03 PM PDT My mom is turning 80, losing her memory, and has a comfortable retirement. She's the finance-savvy person out of the two of us. Unfortunately, she told me she was nearly scammed by a phone call pretending to be Amazon. She can't remember what she told them but she's "pretty confident" she didn't give up her information. I hope she's right. How can I help protect her finances for her when she's vulnerable like this? She's also fairly stubborn and hates the idea she might need to give up some control so tips there could help too. [link] [comments]  |
| Posted: 02 Nov 2021 06:32 PM PDT My mother in-law was recently scammed out of a sizable amount of money. The scammers spoofed her banks phone number and called their landline claiming there was an issue with her checking account. They asked her to log into her banks mobile app. I'm guessing the bank app is connected to zelle as they next had her type her name into zelle to find herself. From what I understand the app searches through your contacts when you type in a name. She found what she thought was her own account and at their instruction sent the entire contents of her checking account to "herself". The money left her account and the bank doesn't seem to know where the money went. It's getting taken care of but I'd like to know how this was done, anyone know? Edit: I was told while typing this out it was zelle that was used not Venmo [link] [comments]  |
| Boss is taking weeks to approve raise Posted: 02 Nov 2021 07:49 AM PDT Hello, my one year anniversary at this company was Oct 6th and my review was that week. My boss told me all the information has been given to the VP and he will approve the raise. My company is going through a merger so I expected this would take longer so here's the question, Should I ask for them to back pay me for the time I waited for approval? Or is it expected I'm to accept the raise whenever I get it and move on? How would I ask them for this politely? [link] [comments]  |
| Why not use retirement account to save for a house? Posted: 02 Nov 2021 04:47 PM PDT My retirement account allows me to save income pre-tax and it also allows me to take out loans from the account. So why not use this as a place to save for a down payment on a house? Rather than saving 15% for retirement in the retirement account and 10% in another account save 25% in the retirement account and then borrow it when I need to buy the house. The repayment period can be up to 15 years so I wouldn't struggle to pay it back by simply reducing my retirement contributions. So why shouldn't I use pre-tax money on a down payment, am I missing something? [link] [comments]  |
| Roth IRA for First Home Down Payment Posted: 02 Nov 2021 06:20 PM PDT I've been trying to find a solid answer to a few questions that I have regarding the taxation/penalties associated with a Roth IRA, but I haven't found exactly what I am looking for. I am hoping that one of you might be able to figure this out with me; I appreciate any help you can provide!! My questions are related to early distributions from a Roth IRA for a first time home purchase. From what I am understanding, it appears that I am able to pull up to $10k for a potential down payment with no penalties/taxation (https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributions). Does this sound correct? If so, how would I prove this when filling out taxes in the future to avoid the 10% penalty? Right now, my wife and I are planning to put ~$1700 a month away to save for a down payment. My original plan was to put this in a non-qualified, individual account, but if this rule applies, I believe it would be to my benefit to put it towards my Roth IRA instead until I hit the yearly max of $6k. Another thing I am reading about is a 'five-year rule' that requires a Roth IRA to be open for five years before taking any early distributions; however, it does not sound like this rule applies in this case. Does this sound correct? If the five-year rule applies to this scenario, I will have follow-up questions (kind of confusing situation), but if there is an exception, that is fantastic. Thanks! [link] [comments]  |
| Posted: 02 Nov 2021 12:12 PM PDT I am expecting a large bonus at the end of the year and could pay off my truck and still have some money left over. Monthly payment is $340, I owe $10K still. Interest rate is around 10%, which I know is pretty high. Should I pay it off in the next couple months or is there an advantage to paying it off over the next 3 years? [link] [comments]  |
| Paying Off 0% Interest Loans, Leaving Job Soon Posted: 02 Nov 2021 12:29 PM PDT Hello, I am planning on leaving my current job soon while searching for other opportunities. There's no rush in leaving my current position as a manager but I do want to get out of this toxic workplace asap. I could leave now and use my savings to pay my minimum payments or stay until I find a new position. I have about 6 months worth of savings as my emergency fund that I would be using. The question is, should I stay the extra couple of weeks till the end of the year and pay off all of the 0% interest loans that I acquired when I purchased furniture for my home and a new road bike. I have a little over $4,000 left and about 18 months left to pay it off. The monthly minimum payments are about $250 a month. I have maxed out my Roth IRA, HSA, (I plan on staying until December 1st so I dont have to withdraw funds from these accounts) and contribute enough to my 401k to meet the employer match plus a little more. I house hacked my house so the mortgage gets taken care of by the tenants rental payments. Would staying till the end of the year to pay off the loans be justifiable instead of the alternative of quitting now and potentially going 1-2 months unemployed while using my savings to make the minimum payments? I guess the alternative is saving the money and doing a lump sum contribution at the beginning of the year towards my IRA account vs peace of mind that I have no outstanding loans other that my mortgage of course. Thanks for your input! [link] [comments]  |
| Would you sell your new car to invest portion? Posted: 02 Nov 2021 07:11 PM PDT A little bit of context. I bought a truck with cash earlier this year. Est value 45k. In hindsight it was a pretty stupid purchase. I'm 38 with about 50k 401k/Roth Ira so obviously I'm behind. That said, I have the income to max my 401k and Roth Ira moving forward. I love this damn truck, but if I could get 45k it means I invest 30k and buy a car with 15k. That 30k is easily 240k by retirement(assuming 7-8% over 26 years). [link] [comments]  |
| Do HDHP and EPO/PPO plans have the same contracted rates for the same provider? Posted: 02 Nov 2021 07:08 PM PDT I'm trying to decide between a EPO and HDHP Aetna plan right now. I know the contracted rate for routine services I get under the EPO plan. Is the contracted rate the same for all plans through the same insurance company or could it differ? [link] [comments]  |
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