Personal Finance EDUCATION: What to do if you get a surprise medical bill; new law bans many surprise bills |
- EDUCATION: What to do if you get a surprise medical bill; new law bans many surprise bills
- Deposited $2000 into atm. Only $1500 processed and apparently the ATM “ate” the other $500. Bank claims the camera and ATM audit show no evidence, but I have a receipt. Help?
- 27 and rudderless looking for advice
- Is mobile home ever a good idea?
- Before I pull the trigger on selecting funds for my 401k, I’d like to know if you think these are the “right” ones for me.
- Crippling Gambling Addiction Ruining Retirement
- Why I am leaving Charles Schwab
- Car Insurance - Keep this in mind
- Max out 401k and live off savings?
- Mom (59.5) quit her job - should I reallocate her to less aggressive holdings?
- When does it make sense to stop investing if you are looking to buy a home?
- Just looked at my girlfriend's portfolio...
- Wife got new traveling job, quick question.
- Asking for Additional Vacation Time
- At a standstill filing previous years taxes! Help!
- Prioritizing an IRA vs. Funds for Travel
- what company is best to go through to invest in mutual funds?
- Definitely accepting the offer, but lost on salary negotiating
- Extra Net $1k in paycheck
- My deceased mother's IRA rolled over to my father. What to do with it?
- Rent renewal increase negotiation
| EDUCATION: What to do if you get a surprise medical bill; new law bans many surprise bills Posted: 07 Jan 2022 09:23 AM PST Saw this article today and wanted to share it here. Good information on the new law that took effect January 1, 2022 and what to do if you get a surprise medical bill. As this article says, don't expect the providers to make it obvious you have rights. You need to become educated so you know how to protect yourself and loved ones. Additional info on the new law: [link] [comments] |
| Posted: 06 Jan 2022 01:19 PM PST This is at a local credit union (Apple FCU) The receipt shows that $2000 was deposited. It also shows only $1500 was put into the account. The bank managers are being extremely unhelpful about this. Has anyone dealt with something similar and know the best way to proceed? Edit: Transaction date was 18 December 2021 [link] [comments] |
| 27 and rudderless looking for advice Posted: 07 Jan 2022 07:52 AM PST Hello all, I am 27 and recently moved back in with my mom and grandmother due to the ongoing global bastard. I am currently working 2 jobs (bed and breakfast and doordash) and barely making enough money to pay my bills. The issue is that I've always had a huge mental block about getting a "normal" job. Spending all day every day tied up at work and commuting makes me mentally miserable, as does not having the funds to do what I want. I've also grown up in a home that was fundamentally financially illiterate. With all that said, is there a different way of looking at this issue that I'm not seeing? Maybe other ways to make some income that don't involve taking 10,000 online surveys? Or am I just lazy and need to get to work and be miserable? Thanks for any help or guidance. It's been a rough time, especially with the holidays, but I'm just trying to do my best Edit: Genuinely thank everyone for the help. Maybe i just needed to be talked off the ledge a bit, but you all helped. Much love Edit 2: listen guys I understand get a job is the answer. I wanted some help and guidance with what to pursue and how. Thanks to everyone who gave me actionable responses. Also I don't actually do surveys all day, it's just a common response on Google [link] [comments] |
| Is mobile home ever a good idea? Posted: 07 Jan 2022 07:11 AM PST I recently purchased 10 acres about an hour outside of Austin, TX (15-year land loan, near 6% interest). I have been pricing houses, and what I want to build is in the ~$400k range - I'm not in a position to finance that at the moment. I'm considering spending $100k on a mobile home, so I can live out and there not have to commute back and forth - I could also roll the land and trailer into a 30-year mortgage with a better interest rate and lower payment. This would be pretty affordable and allow me to save and try to make a career move to earn more. I think the timeline would be 3 - 5 years until I would be able to build the house I want, and then I'd have the trailer as a guest-house / office / storage area. Does this idea make sense? Appreciate the insights~ [link] [comments] |
| Posted: 07 Jan 2022 05:53 AM PST I've highlighted the funds that interest me, and put an allotment percentage by the ones I think are best. About me: I'm 41. I'm just now to a place in my life where saving for the future is even an option, so I have no current savings. I'm Im a year into my new job and looking to make the most of it. The company matches 100% of my contributions up to 4% of my annual pay. I can comfortably contribute enough to get the full match plus a little more. Not worried about the actual raw numbers right now, just asking if the funds I'm looking at are close to optimal for me at my age. The risk tolerance calculator gave me a moderate to moderately aggressive strategy and using the guidelines from the sub wiki, these are what appear to fit those criteria. Am I close? [link] [comments] |
| Crippling Gambling Addiction Ruining Retirement Posted: 06 Jan 2022 07:00 PM PST As part of my parents divorce settlement over a decade ago, my mother was awarded all of my father's retirement savings, about $400,000. This summer, she hit retirement age and was able to withdrawal all of it. She used $200,000 to purchase a townhouse, and the plan was to use the remaining money to supplement her disability income of about $1,500/mo. My brother and I sat down and ran the numbers and figured it would be just enough for her to get by comfortably. The big problem: online gambling recently became legal in our state and my mother has a ferocious gambling addiction. In the last 6 months, she's lost $100,000 in online casinos. My question: Is there anything my brother and I can do to help her make the remaining $100,000 last a few years by making it illiquid to her? She knows she has a problem and feels terrible about it, and is willing to cooperate with us so we can make sure she's taken care of. Out first thought was to have her purchase an annuity, so we can at least slow the bleeding. However, we're pretty sure with a year she'd sell it off to JG Wentworth and put it all on red. Second thought was she could just transfer all of the money to one of us and let us take care of her bills, give her an allowance. However, a quick google search informed us that you can only gift an individual $16,000 per year without tax implications. I'd appreciate any advice or resources. Thank you! [link] [comments] |
| Why I am leaving Charles Schwab Posted: 07 Jan 2022 10:34 AM PST Hello, First time poster here, I read the rules but please delete if this is not allowed. Until several months ago, I was immensely happy with Charles Schwab as my bank. I would recommend them to friends, citing how they are one of the best online banks out there, with no ATM fees, easy ways to invest, and fantastic customer service. Beginning in October 2021 however, I began to run into an issue with them that has plagued me to this day, and instead of getting better it has just continued to worsen. I started receiving an error code whenever I would login to Schwab.com on a desktop stating "Bank balances are currently unavailable. Please try again later. Error Code: 105." This error made it look like I had 0 dollars in my bank account (which was not true) and also would not allow me to view any recent transactions. I thought it would be a temporary issue so I did not worry about it. After a week or so I decided to give Schwab a call to resolve the issue which began a saga that is ongoing to this day. I have talked to no less than 7 different people, each saying they would escalate the issue and get back to me. I did eventually reach a level 3 rep who found my case to be very interesting and assured me he would work it out and contact me again. I never heard from him again, and I recently called again saying I will leave if they do not fix it soon, and again they just made me empty promises. The one nice thing was the mobile app still worked for me, until it didn't. I now cannot even access my transactions on the mobile app without encountering a different error. This issue even extends to 3rd party applications like YNAB, where they cannot get an accurate balance which is essential for my budgeting practices. It is absolutely baffling how each person, no matter the level seems to be completely at a loss for how to fix my issue. I am nobody special, I'm not a millionaire, just a previously happy Schwab customer. Now it seems they have just given up and are leaving me to figure it out on my own. If you have made it this far, I appreciate you listening as I just feel so burned by Schwab and wanted to tell someone who may end up in a similar situation. I know Schwab will not care I am leaving, but I am switching to Capital One 360 and hopefully will have a better experience there. EDIT: I would also like to clarify that I believe my issue to be quite unique to me, and I did not make this post with the intent to make people doubt Schwab's safety. The issue I am having is purely visual. I have always been able to access/transfer my money and have never worried about the money actually disappearing. I do not want to leave, it has just become enough of a headache where I am spending too much time on it to make it not worth dealing with anymore. [link] [comments] |
| Car Insurance - Keep this in mind Posted: 07 Jan 2022 08:49 AM PST I'll keep it short, but I figured this was worth sharing. My car was recently rear-ended in what seemed to be a minor fender bender. I was shocked to find out: 1) If my car was "drivable" the body shop would not even begin to work on it until mid-March. 2) Some parts were on a 16-week delay. None of this mattered in the long run as my car ended up being totaled but I would have been left screwed if the car was in the shop for 4 months if it was my only car. While I have never thought of paying for the additional rental car benefit from insurance before it may be worthwhile for those who have only 1 car because even if you get it into the body shop - they could be waiting on parts for a very long time. Other details: Other driver was at fault, he was uninsured, car was a BMW and wanted it fixed at the dealership. [link] [comments] |
| Max out 401k and live off savings? Posted: 07 Jan 2022 07:26 AM PST I have a bit of cash (let's say 50k) in savings that I can't find a good place for. Would it be a decent idea to max out my work 401K then use the cash on hand to make up any gap in living expenses? Then I'd be saving pre-tax while slowly depleting the cash at a rate that matches what I'm saving. Thoughts? [link] [comments] |
| Mom (59.5) quit her job - should I reallocate her to less aggressive holdings? Posted: 07 Jan 2022 08:33 AM PST Hi everyone - My mom isn't into investing at all and holds the bulk of her money in a savings account. She received an inheritance last year and allowed her financial advisor to invest some of it conservatively - similar situation to this post: https://www.reddit.com/r/personalfinance/comments/rxws09/just_looked_at_my_girlfriends_portfolio/ I convinced her to let me take half of the inheritance and invest it in a taxable brokerage account. This finally happened in August, and I invested it in a more aggressive allocation than is usually recommended for her age because 1) the majority of her money is in cash holdings and 2) she doesn't need the money right now. But she's really anxious about risk so I tried not to go too hard. ~80% is in a 2030 TDF - VTHRX | ~5% in a 2025 TDF - VTTVX | ~5% in VIGAX | ~5% in VFIAX | ~5% unallocated | As of now it has lost just under 1% of its value. However - she has just quit her job. So I'm thinking she should have less risky holdings as she may end up wanting to spend some of the money sooner than I anticipated. The situation is not dire, her insurance coverage was not through her job and she owns her home so her fixed expenses are not terribly high, and she has that reasonably large cash reserve. She also has a retirement account through her job, but I don't have the exact details. I'm a little anxious about having someone with extreme risk aversion in a 2030 TDF with an overall loss in value when she appears to now be retiring in 2 weeks. I'm a younger investor and have pretty much only bought and never sold holdings, so I would like to hear advice on if and when to sell these holdings and what to purchase instead. Thank you in advance! [link] [comments] |
| When does it make sense to stop investing if you are looking to buy a home? Posted: 07 Jan 2022 05:59 AM PST I am looking to buy a home around 5 years from now. I am currently investing my money into index funds, but when should I stop doing this? Does it make sense to have money in the market if I know I have to take it out to buy a house in a year or two? When should I move to cash only? Ii am worried that if I save all my money in index funds and it dips significantly my wish to buy a house could be delayed by years. Thoughts? [link] [comments] |
| Just looked at my girlfriend's portfolio... Posted: 06 Jan 2022 06:59 PM PST looking for some advice - my girlfriend (of 8 years) has the majority of her money invested through the family advisor. She wanted me to take a look at it to get my thoughts and i wasn't too impressed with what i found and was hoping for some suggestions on what to potentially do about it. He has $45k invested across 4 mutual funds AMPCX, ANFCX, AFICX, NPFCX. The rate of return in the last year runs between like 1% in the worst fund to 15% in the best fund vs the SP500 or Nasdaq running at around 25% so obviously underperforming. The funds also have an expense ratio around 1.5%. She doesn't care to manage or worry about her investments but I still feel like this is just too suboptimal to continue. Also couldn't find it in her documents but she's likely paying a fee to her advisor on top of the expense ratio of the fund correct? She also has a vanguard brokerage account that she buys VOO in over time but I'm not sure the best approach to potentially moving money out of the mutual funds and into indexes. Any suggestions?? [link] [comments] |
| Wife got new traveling job, quick question. Posted: 07 Jan 2022 07:13 AM PST My wife got a new job as a traveling dialysis technician she started about a month ago. She has an hourly wage but then a stipend that makes up most of her income. The workplace doesn't tax her paychecks for it yet, but I've been having her put back some of her weekly check to pay for the tax. I'm assuming she will be charged at the end of the year. All of her fellow travelers are saying that stipends aren't taxable and she won't be taxed on them at the end of the year; I don't believe that, so I thought I'd post that question here. Are stipends taxed at end of the year? [link] [comments] |
| Asking for Additional Vacation Time Posted: 07 Jan 2022 11:22 AM PST I'm roughly midway through my engineering career and I'm about to negotiate a job offer with a large aerospace employer. I'm trying to decide if it's even reasonable to ask for additional vacation time as a part of that negotiation. I'm thinking of asking for an extra week since that would put me where I'm at with my current employer. If this was a small company then that would be one thing but these large employers all have set numbers of vacation days that increase with tenure. I don't want to ask for something that is not possible or which would require some special approval that rarely ever gets granted. So I'm just soliciting thoughts on this? Has anyone managed to negotiate for additional vacation days at a similar large company? Or has anyone here been on the employer side of such a negotiation and seen such days granted to a new hire? Any insight on this is appreciated. [link] [comments] |
| At a standstill filing previous years taxes! Help! Posted: 07 Jan 2022 10:50 AM PST I haven't filed taxes since '17(I know, stupid) and while trying to file '18 taxes the irs asks that I verify my identity but I haven't been able to. Anytime I called the line, I was out on hold until they hung up. Here's what I get when I try to verify my identity online. I don't what to do. Do I need the help of a professional? Any help is appreciated! [link] [comments] |
| Prioritizing an IRA vs. Funds for Travel Posted: 07 Jan 2022 09:15 AM PST Hey everyone, hope you are all doing well. I just graduated this past May, and recently accepted an offer with a company that provides enough salary to max out my 401k along with additional funds to invest elsewhere. Using the nerdwallet online calculators I have found that at age 65 my 401k account will be worth just over $6 million dollars. Following this sub's and many others advice, the next step would to be opening up a Roth IRA. If I max out a Roth IRA at $6k a year, I have calculated it to be worth around $1 million when I retire. Here is my question: I am wondering if that $6k a year is better worth saved for yearly travel? I absolutely love to travel internationally, and I figured $6k or so would be enough for me to do at least a single two-week solo trip to a different country each year. So far, the few trips I have gone on have had an immense impact on me as a person and are memories that I can take with me until the day I die. Because of my fortunate position with being able to max out my 401k so early in life, it seems silly to tie up my possible traveling funds for 40 years, especially when my 401k account will be six times the Roth IRA's worth. Sure, I can use that IRA money to travel in retirement, but I feel like life is unpredictable and those years are not guaranteed. Who knows if I will be physically able to travel when I am 65? What will the state of our planet be like then? If I travel now, I can hold on to these experiences for the rest of my life. I do not currently have enough income to fund both an IRA and a travel account, as I need to save some money for future expenses like car payments, house payments, children, etc. I wanted to know what your thoughts were. I know this goes against the subs default advice, but I feel like in my position it is the right move. Thanks for listening! [link] [comments] |
| what company is best to go through to invest in mutual funds? Posted: 07 Jan 2022 06:02 AM PST I am having a really hard time learning about stocks and investing, however most articles and books that I have read said mutual funds were a good place to start. That said I'm not sure where to go or what to look for in a trustworthy company. Right now I only invest 10% of my paycheck into the 401k at work. So I want to expand and add to that. [link] [comments] |
| Definitely accepting the offer, but lost on salary negotiating Posted: 07 Jan 2022 10:32 AM PST Systems engineer moving to a similar position with the same title. Moving from an average pay of $45K on hourly to a salary position. The pay range is nearly double at an astounding (to me) $76-$82K. Do I even negotiate or just take the lowest offer? Current job is super flexible in terms of schedule and hours and was a priority to me. New job promises the same. In addition to much better pay, I will be adding better health insurance, an actual 401K, and opportunities for growth. Everything is better and I'm giddy for starting a new chapter in my life and a better one for my family. [link] [comments] |
| Posted: 07 Jan 2022 06:44 AM PST Starting in 2022, I'll have an extra $1k post tax in my paycheck each month. I'm trying to figure out the best way to utilize the additional funds so I'm looking for suggestions. I also wouldn't mind any one commenting on how you think I shape up financially for a 35 year old. Here is my current personal/financial picture: Age - 35, no kids, Salary - $85k/Yr, Savings - $52k, Brokerage Account - $24k, 401k - $92k (No employer match), Employer Pension - $40k, I've been contributing 15% to retirement (Required 6% to pension and 9% to 401k). Debt - $0 other than mortgage, Mortgage - $236k, House Value - $390k (Zestimate) May need to upgrade house within 5 years or less. At that point, my household would have dual income (married). I'd like to rent out current property, if that happens. Thoughts on where I should put this $1k? [link] [comments] |
| My deceased mother's IRA rolled over to my father. What to do with it? Posted: 07 Jan 2022 11:04 AM PST Hi, my mother's IRA rolled over to my father's. He is 66 and does not know what to do with it. It is around $55K. What are his options? What index funds or bonds would you advise he invests in if he does not want to start withdrawing for another 5 years or so. Edit: It's been rolled over to Fidelity. Thanks [link] [comments] |
| Rent renewal increase negotiation Posted: 07 Jan 2022 08:42 AM PST I'm coming up on my third year in my ~1,400 sq ft house. First year was $1,375, second was $1,468 and now the third is going to be $1,550. In addition to the rent increase, the landlord wants me to pay $10/month for a new "service" which consolidates my bill payment for utilities. There's also some $25 "pet screening fee" even though I already paid an initial plus monthly payment for my pet when I first moved in. The landlord disclosed the new fee but then said they waiving it as a courtesy (gee thanks). Similar houses in the area average around $1300-1500 and I've paid rent on time every single month I've lived here. We would prefer not to move but we've already found a few houses nearby in that price range which have the same or more sq ft, plus a couple are even closer to my work. Considering all these factors, would it be appropriate to negotiate at all with my landlord? We are most likely moving in two years but I'd be more than willing to sign a two-year lease especially if it means a freeze on the rate. I understand rent rates increase each year but I'm slightly annoyed with the extra fee being tacked on and I feel like it would be mutually beneficial to sign a two year lease if it means a lower or locked rental rate. I appreciate any and all feedback! [link] [comments] |
| You are subscribed to email updates from Personal Finance. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment