Personal Finance Please help me decipher hospital bill ($25k for having a baby) |
- Please help me decipher hospital bill ($25k for having a baby)
- my landlord has offered to buy me out of my lease in the apartment i am renting
- 36 yo with no retirement and looking for advice on how to invest my savings for retirement and down payment on a home.
- How to shop around for a mortgage and is it worth it?
- Does my Company 401k match suck?
- Preparing to buy a house in a slow market
- Can someone explain capital gains tax for real estate to me?
- Maintain 2 cars for a family of 5?
- Thinking about retiring soon -- nervous about finances
- Is this something I just wait out?
- Should I get a W-2 job solely for the reason of getting FHA loan?
- Am I saving enough for retirement
- Parent Retirement Advice
- Mortgage principle payments or.....
- My entire personal identity has been used, from opening up credit cards to bankruptcy. I haven't lived in USA for almost 6 years and don't have ID card. My ID card is of EU citizenship.
- Best investment for medium-term saving?
- Opening Roth IRA for 2021 Contribution
- Should I drop my full coverage car insurance down to the minimum?
| Please help me decipher hospital bill ($25k for having a baby) Posted: 15 Jan 2022 05:49 AM PST Hi everyone, My wife just had our first baby 2 months ago. The Ob group was great. They are in network on my Aetna plan and we paid accordingly to the Ob for all the prenatal care. We just got the bill from the hospital, and it's $25,000. Apparently this is because while all the doctors in that Ob practice are in-network, the hospital itself is out of network, and my plan does not cover any out of network costs unless it's an ER visit (we did not go through the ER). It was the most expensive, lowest deductible Aetna POS plan available through my employer. This is the only hospital the Ob group delivers at, 5 minutes down the road from their office. How in the world was I supposed to know this beforehand? My wife and I make decent money, so we won't qualify for any financial assistance from the hospital but it is a lot of money and more than that just feels completely unfair. I plan on calling both Aetna and the hospital billing dept on Monday morning. Any advice on how to navigate this? [link] [comments] |
| my landlord has offered to buy me out of my lease in the apartment i am renting Posted: 15 Jan 2022 09:12 AM PST My landlord said he is not kicking me or evicting me but want to know if I wanna get bought out my lease. I have a 2 bed room apartment in n new York and been living here for 15 years my rent is unheard of tbh. He wants me to give him an offer that is suitable for me. I kinda of need help here I don't wanna make no mistakes ! [link] [comments] |
| Posted: 15 Jan 2022 05:53 AM PST Hello! Looking for advice here! I'm 36yo with a stable job making 55k a year. I have 18k in savings and another 10k from a family member (holding it to gift me it to help pay for a down payment on a home if possible). My plan was 10k for emergency in savings. And the 18k for a home but I know I need to start investing for retirement and soon. I had an idea to save another 6k and drop it into opening a Roth and immediately max it for the year but I'm not sure that's a good idea vs just opening it with the minimum and then contributing what I can. I most likely don't need the full 18k for a down payment on a home either considering an FHA loan so I could invest some of that money off the bat. I just paid off my car and have no other debts. Would it be wise to just find a good financial advisor? Or just open and 401k or Roth on my own? I've read the wiki a bit and some articles but still just feel lost and ignorant when it comes to this kind of thing. [link] [comments] |
| How to shop around for a mortgage and is it worth it? Posted: 15 Jan 2022 09:00 AM PST When I bought my first home, I went with a lender the realtor suggested. I have heard you can shop around for a loan and getting a better deal. Is it worth the time? Which lenders are best to work with? Should you do this before the homebuying process? [link] [comments] |
| Does my Company 401k match suck? Posted: 15 Jan 2022 06:51 AM PST New to investing since maybe about a year & wondering do you guys think my company match is low. Yes I'm grateful we even have a match so don't confused this with I'm not grateful whatsoever. My company gives you $100 per month as long as you contribute $100 per month yourself to the 401k. So it's $1200 per year in total. What do you guys think? [link] [comments] |
| Preparing to buy a house in a slow market Posted: 15 Jan 2022 08:14 AM PST My partner and I are planning to buy a home between July - November 2022. We live in a rural area where the market is and likely will continue to be slow. There is only one neighborhood where we would realistically buy a house; if nothing becomes available there before our apartment lease is up, we will continue our lease month-to-month. What is the most impactful way to prepare for buying a house within the next 6 mos - 1 year knowing that the pickings will be slim? Should we try to save for a >20% down payment so we can be more aggressive with an offer? Reduce e-fund to 6 mos and bring down DTI (currently <15%)? Open another savings account for a reno-fund so that we can make more compromises? Ultimately it's a personal decision obviously but as first time home buyers, any advice or ideas are appreciated! [link] [comments] |
| Can someone explain capital gains tax for real estate to me? Posted: 15 Jan 2022 09:46 AM PST I'm trying to make sense of how much we will owe on our house when we sell, and would appreciate any help: Location: California House: was purchased in 2005 for $580k. We currently owe $285k Selling: we expect the house to sell for around $850k; we're listing in 2 months Us: married, filing jointly, make about $140k total We're moving to a different state with a lower cost of living due to a desire to be near aging parents and other family. Our plan had been to rent for 6-18 months, depending on how quickly my husband attains a new job (he works in academia, and while we hope to have a full time position lined up by the time we move, that may not happen). So - with that above info, how much are we going to be paying in capital gains? Is there anything we can do to offset how much we will have to pay? Does this 1031 thing I was reading about apply here, and if so, how quickly would we have to buy to avoid capital gains? Seriously, any help in understanding this is greatly appreciated. [link] [comments] |
| Maintain 2 cars for a family of 5? Posted: 15 Jan 2022 09:08 AM PST Family composition, 10th, 7th and 4th grader. Mom and Dad both WFH. We have 2 vehicles that we hardly drive since Covid, since our companies moved us to WFH. Both cars still have notes, but I got a really good offer for mine, way 4k over most other offers. I'm tempted to sell and we just keep the one car. Of course the future is unknown companies could once again say come back to work later. My question is if I sell now, I'll have about 15k in cash what can I do with it to work for me? Also in the event that we do go back to the office I'll have to get another car, although I could possibly uber if financially it makes sense. My job is 7 miles from home. I know I may have left out pertinent info so ask away and I'll respond. Thanks for chiming in. [link] [comments] |
| Thinking about retiring soon -- nervous about finances Posted: 15 Jan 2022 07:50 AM PST I will turn 65 late this year, but want to retire in the spring. The numbers look fine, I think, and I am mentally ready to retire. But the idea is still kind of scary. Please help either reassure me that now is a good time, or tell me what factors I am forgetting to consider. The numbers: I still owe something near a year's income on my mortgage. No other debt. Savings equal to a year's incomeTaxable brokerage account equal to a year's income Retirement accounts (401K, Roth 401K and IRA) equal to about Inherited pension that I will continue to receive - equal to 25% of current yearly earnings The plan is to retire now, but wait 5 years (until age 70) to start drawing social security. Health insurance will not be an issue, as the plan I am on is not connected to my employer. [link] [comments] |
| Is this something I just wait out? Posted: 15 Jan 2022 07:47 AM PST I recently payed off pretty much 100% of my outstanding debt (credit cards amongst other things) on the first of December. I had a particularly large debt marked as a charge off, that hit my credit score hard, but it was still paid off entirely about six months later. Now, I've been advised to sit back and be patient and give it a couple of months to allow my credit score to repair itself. I've maintained a balance of under 5% of my total credit usage to help this problem, and I've kept a close eye on how my credit score is looking every month. Now, here's the problem. I check my credit score in two places: Experian, and Wells Fargo (they have a FICO score checker). The Experian CS has risen 50 points in the last 45 days, which is great, but the Wells Fargo has not gone up, it's actually gone down a point. Now I have two credit scores with about a difference of 48 points between them. Now, I'm quite young still (early 20s), but that number seems a bit of an extreme variation. If somebody runs a credit check on me I'm worried that the lower value will appear instead of the higher one. Is there any body that has any advice for me? Or should I sit tight and continue to wait it out? [link] [comments] |
| Should I get a W-2 job solely for the reason of getting FHA loan? Posted: 15 Jan 2022 11:06 AM PST I've been self employed for a while now and from what I've read(could be wrong) is that it's more than likely I would have to take the conventional loan route to get started in my real estate journey. I'd prefer not to have to fork up the 20%-25% up front if I don't have to. I wanted to take the FHA route but I'm missing the almighty 2yr work history required to qualify. So my question is, is it feasible to take on a part time job in order to garner the work history needed to qualify for the loan? Plan is to buy a triplex, live in 1 side and rent the other 2, and build from there. [link] [comments] |
| Am I saving enough for retirement Posted: 15 Jan 2022 10:58 AM PST Hi I'm looking for some feedback on my retirement savings for the time. I currently make 85k a year. I'm 29 years old. I'm currently putting 16% of my income into a Roth 401k that is post tax. Ideally I would like to eventually put more in but right now I'm kind of tight with my monthly expenses and I want money to spend to enjoy life a bit. My leftover disposable income each month right now is $1300 a month. I've been putting $500 a month of that into a savings account for general, big purchase items like home improvement type work around the house, vacations, car repairs, etc. I also put $150 of that a month into my daughter's education savings account. I pay $50 a month towards student loans (I owe $4000) and my car payment is $150 a month. That's my only debt besides my mortgage. [link] [comments] |
| Posted: 15 Jan 2022 07:46 AM PST Hi All, My mother is over 60. Outside of social security, she only recently started seriously contributing to her retirement account via her 401k. She contributes 12%, which is the max her employer would match. She has excess income every month that she wants to contribute to further retirement savings but she isn't sure where to put it. Should she contribute more to her 401k? Open up a Roth IRA/IRA? Invest it somewhere else? Thank you! [link] [comments] |
| Mortgage principle payments or..... Posted: 15 Jan 2022 08:35 AM PST one of our plans for 2022 is to make a payment on the principal of our home loan each month in addition to making the mortgage payment. we plan on paying an additional $500/mo = $6000 for the year. my question is: would this money be better served somewhere else? I thought it would be a nice little new year's "challenge" for myself and my SO, but I wanted to see if there may be some other avenues for this money that I haven't thought of. Already maxing out my 401k at work, made my $6000 contribution towards my roth ira, and emergency fund looking healthy at the moment. only think i can think of is putting the money towards a nice vacation, but we just took one. your thoughts? is this actually a good idea or is there something I'm not considering? I can't wait for the day when this house is paid off, but we've got like 28 years to go. thank you! [link] [comments] |
| Posted: 15 Jan 2022 08:15 AM PST As the title states, I no longer live in USA and haven't for a while now. I'm not sure if I will ever be coming back, but this is really bothersome and would like to get this fixed For starters, I DO have dual citizen and had a driver license at one point in the states. However, I haven't lived there for a few years now and my ID/place of residence is in the EU. My mind is so overwhelmed and have no idea where to even begin with this. From quick check, I was able to get a lexis nexus report and all 3 credit reports. Lexisnexus has some old information and shows a chapter 7 bankruptcy (so do all 3 credit reports). My credit reports also show closed credit cards (as far as I can tell, they were open, paid a few months, maxed out) First off, this is very confusing as I'm not sure how someone can do bankruptcy? I thought it would involved going to court. Some info on lexisnexus also states my gender being female, although I am male. Wasn't sure if this had anything to do with it. What should I even do to get started? I really don't want to hire a lawyer or go back to the states to fix this, but if needed I can. [link] [comments] |
| Best investment for medium-term saving? Posted: 15 Jan 2022 08:09 AM PST Hey personal finance people! What would you recommend for an investment for saving up for a large purchase (new boat)? We would like to upgrade to a new boat in 5-10 years. Would it be best to put away money monthly into a savings account, CD, mutual funds, etc? Not sure what is best in this timeframe. Thanks! [link] [comments] |
| Opening Roth IRA for 2021 Contribution Posted: 15 Jan 2022 09:04 AM PST Hi, Sorry if this was already asked; I couldn't find it anywhere. If I were to open a ROTH IRA today, can I still contribute to it for 2021 and max that year out? I know the deadline for 2021 contributions is April 15th, 2022, but what if I currently don't have an IRA. Also any recommendations on who to go with? I'd prefer something self directed, any if possible a friendly user interface. For reference I am a 19 yrs of age. Thank you [link] [comments] |
| Should I drop my full coverage car insurance down to the minimum? Posted: 15 Jan 2022 11:15 AM PST I've recently paid off my car, a 2014 Chevy Cruze LT with 75,000 miles, valued at around $7,000 or maybe a bit higher according to KBB. I currently pay $80/mo for full coverage insurance ($960/yr) and am wondering if I should consider dropping this down to the minimum required by the state since I've paid the vehicle off? I'm not sure what the savings would be just yet. I am a 23 year old male with zero accident history if that matters. [link] [comments] |
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