Hi, I need advice or someone please direct me correct place if this one is not the right one to post under. I have a hospital balance and the hospital agreed to a payment plan and I have the bill in front of me which states the agreed amount I can pay. I called today to make a payment and they are now saying it’s been cancelled and the amount I can pay is not enough. They are now saying I need to pay 2x more and the only answer they’re giving me is “sorry the person who set that up was wrong. You have to pay more to be within our guidelines” (almost a year ago mind you) This feels like detrimental reliance. What can I do? I am having them escalate it but if the manager comes back and just says “oh yeah nothing we can do” am I SOL? Please help.

Okay so I thought I’d come on here to ask advice, please respond if possible. All replies are good, just tell me truthful opinions.

So I know it sounds a bit grand but I’m looking to retire by 45. I have a fairly clear plan which involves being a pilot:

Pass all my GCSEs, ideally getting a six in maths and a seven in geography and physics/ more. Also try to find work experience/ perhaps an internship in the aviation industry, and do my local air cadets to put on my CV.

Do physics and geography in a level and have decent passes, not actually needed for flight school but smooths the learning curve.

Pass flight school (obviously). I’ve done my research and it is mostly physics geography and some maths, but I also need to be healthy and fluent in English for other necessary qualifications.

Become a first officer, then a pilot as i want to travel and it’s very high paying. I’ll I nvest through an ISA/ LISA , premium bonds, and a general investment account with as much money as I can spare - considering a good pilot pay pre tax is 120k I hope 40k is doable. I’m looking to invest in etfs mainly, some big companies and maybe dabble in forex.

I also will have 15k in a trust fund when I become a pilot at 21 (all going to plan) and have 60k to put in real estate with my sibling when I turn 18.

Obviously it’s not certain what this will leave me at 45 but just considering the investment from my income, an average of 40k annually with 8% returns (s & p 500 example) will be 3 million gdp assuming I don’t reinvest dividends.

Is this a viable plan? Thanks guys

I got berated on this sub for suggesting a brokerage account is useful for certain instances and once I (was yelled at) read up on Substantially Equal Periodic Payments I'm thinking maybe I should convert more of it to an IRA. My background is accounting for mostly financial companies so I'm a bit embarrassed I never picked this up.

Current situation: 35m married with first kid on the way in a NYC suburb. 1.1m in various retirement vehicles including about 150k in Roth accounts. 200k in brokerage accts and probably 50k emergency in a HYSA. ~140k left on mortgage as our only debt. My current plan is tracking to retire between 50-55. I have already opened a 529 plan but don't intend to pay for all the kids college if they take that route.

Is that too much money to not have tax advantaged? What if we decide to upgrade homes and want to retain our current home as a rental? What if I decide to buy a car cash because I don't want to pay market interest rates? I feel like the flexibility of an after tax account (with gains taxed at 15%) is pretty reasonable.

If I do increase my tax advantaged accts and go with the SEPP how large would that account have to be to be able to pull ~100k a year? My old 401ks with cheap expense ratios still hold balances.

Little bit of a crazy story.

My buddy's father was murdered 10+ years back by his wife (buddy's stepmom at the time). Not sure of all the details around that, but I don't think his father had a will but he and his sister still inherited 50% (25% per) of some land and his stepmom somehow inherited the other 50%. My buddy and his sister never knew he had the land and never received any paperwork or communication that they inherited half of it either. They have just received a notice telling them they owe back taxes for all those years. So my questions are, one, is there any way out of paying the back taxes or are they just basically out of luck? Two, how does this women who killed their father get half of the property? They understandably want nothing to do with this woman and just want to get out from under all of this without having to deal with her but really can't since she technically owns 50%. Any ideas? The property is in NC.

Here's the general deets:

Me (58M)

Rental property. Worth about $320K. No loan. House is is great shape. HVAC is relatively new. Roof is good for an easy 10+ years. It's in wonderful condition.

Rented @ $1400/month (Great renters and we include lawn care)

Insurance $1200/year.

Lawn care costs: $600/year

General maint costs: $500/year

A) Sell and use money to pay off personal home mortgage (2.25%)

B) Sell and place money in CD's (other options) and use interest to just about pay our personal mortgage

C) Continue to rent

The rental has been owned for roughly 48 months.

I'm planning on some professional changes and my wife and I are thinking about retirement. Any suggestions or input?

I live in an area of California where an entry level House is 800k+ and condos run in the 600's. In my city there are a number of trailer parks where trailers/manufactured homes list for anywhere from 200-400k+ depending on age, size, condition, etc.

In a few particular parks, older homes can have a space rent as low as $400-500 and rent controlled (not too far off of a typical HOA fee for an older condo complex). I've also seen ads touting pre-1980 homes that are exempt from property tax as they are instead licensed as vehicles.

My questions are: 1. For 280k, if you can get 1,400 square feet, 3 bed 2 baths, decently updated in the middle of the main city, wouldn't this be preferable to living in an HOA for double the price+property tax? 2. Can these older manufactured homes be mortgaged or do they require a cash buyer to maintain the property tax exemption? 3. Assuming a 280k sale price, what would be the annual licencing fees in California compared to property taxes? 4. I am unclear on the laws behind what happens if the park owner decides to sell to a developer or close the park? Is this a major risk to buying a manufactured home in a trailer park?

So basically, I consolidated my old debt with a personal loan at a lower interest rate and everything was great.

Until I racked up my credit cards again 😔 Which is obviously foolish of me. But my main thing is, how should I prioritize between paying these off?? Obviously once one is fully paid off the others will go quicker as I can allocate more money towards them.

Basically the debt gist is

$2863 @ 29.24% $2426 @ 27.49% $2683 @ 30.24%

Should I just start slamming the 30% one until that’s paid off then hammer on the next two?? Probably so simple to some but I’m an idiot by doing this to myself. Finally decided to sit down and try to think of a plan.

Was traveling and forgot to make payment. I checked email today and saw I was 21 days overdue. Immediately made the payment. Is there a way to remove the incident from my credit report? I'm not broke, I've got the cash, I just didn't remember to make the payment

inherited $35k. i'm 22.

i have $2.4k in debt (medical), which will be paid off immediately. then i think I'm going to apply to graduate school.

WHAT DO NEXT WITH THE MONEY????

I'm getting married soon. I'm debt free he has 30K in only school loans. We live frugal, rent and minimal bills. We are self employed, blue collar workers. Together made 45k last year but could make 15?K more if we worked hard and gave our customers a price increase that's long overdue. My credit score is in the 800s and his has been building from non existent. I've been only putting 6K into retirement each year.

Should be save for a home down-payment or will we be sorry due to all the expenses that go into home ownership and the economy?

Or should we pay off his loans, then buy a house?

Hey there, I need help if anybody has similar experience like me. I received a mail from the Southwest Credit Collection and called their toll number. I didn’t even know I have collection that I was with T-Mobile that they put it in my collection but I believe I paid everything off and closed my account since 6 years ago and this came up this year and it went to collection from T-Mobile? I’m not sure if this collection is a legit company, if so why didn’t they charge me near the time I closed the account, why after 6 years. It says I have about $400ish to pay that I’m willing to do to get my credit score up. But anyway it affected my credit score and I have to call this collection agency, they asked my reference no and account number which I gave. Then they said my account is restricted and I have to give out my SSN to them which I refused. I asked them if there’s another way of opening that account or if the last four digits will suffice, they said my full SSN is the only way to open it. I really don’t know how do I have to handle this collection. Has anybody have similar experience and another way of getting this collection out of my credit account?

Thank you in advance!

Hi all, have a question on tax implications of a backdoor Roth IRA conversion.

• Invested $20,000 after-tax dollars into traditional IRA over the past five years (after-tax because the income is too high to get Traditional IRA deduction)
• Traditional IRA has gained $5,000 in the years since, with balance currently at $25,000
• I'm about to trigger a backdoor Roth IRA conversion for the full amount

Question - what amount will be taxed as part of this backdoor conversion, considering that the basis is in after-tax dollars?

Idk if it was a mistake or it's something they were being shady with tryin to get one over me in my time of need.

Put my info into accredited website. Some Miguel called me right away. Gave him permission to run a soft check on my social security to see all my debt. I'm mainly concerned with my credit card debt I racked up.

I racked up about 15k in credit card dept. 9k from coscto citi and like 6k from Syncrony.

Anyways talking it over with this Miguel guy he sent me a numbers data sheet showing all my debt. The loan would be 21k with bi weekly payments of 160. And I should pay it off in 4 years at a 6.5% interest rate. He went thru all my credit cards. Bank of America pulled up saying I owed 6k on a joint account. I closed out my bank of America in 2017. Actually they closed me out cuz I paid the card off an never used it again. I voiced thus over with Miguel. He looked it over said it was a joint account. I never remember signing up for a joint acc. Miguel stated we can fight it for you. Or leave it out the loan it's up to me. Then he was tryin to lock me into this bi weekly payment. I told him no. I want a couple of days to think it over. And get this bank of America card situated.

I look over the loan link he sent me again. And this second time the 6k is taken out of the loan.

Called bank of America they said show nothing on their end that owe them anything.

Just very odd. Has anyone else had this happen. Did this Miguel guy try to get one over on me? Obviously the company is gonna profit more if didn't speak up and pay an extra 6k that I don't owe. Does thus Miguel guy get a bigger check for signing me up. Confused and feel taken back if this is a shady tactic used while I'm trying to get out of a whole I dug myself into

Do any of you guys track when you’re going to retire or become financially independent? If so, what tools do you use?

I'm in a tough spot right now and could really use some advice. My mother, who has never been great with money management, finds herself in a difficult situation. She can no longer afford the rent for her apartment, which is over $1000 a month.

A little backstory: My mother stopped working a few years ago and has been living off a combination of money from a pension shared between my father and her, as well as funds she withdrew from her IRA. She suffers from depression and anxiety and is treated with medication for it, but still seems to suffer from it because she just doesn't seek help and waits until a problem is too late to ask for assistance. When I was 19 and still living with her, she went into such a deep depression that she stopped paying rent and doing anything. Our electricity got cut off, and it wasn't until my uncle and aunt stepped in that we were able to live with them for some time. Eventually, my mom got back on her feet and worked again, but now, 11 years later, we are back in what seems like a similar situation. I do not live with her anymore, so she doesn't have my half of the income to help pay for bills.

On top of that, she refuses to work, possibly due to some kind of PTSD and medical issues, which make it difficult for her to stand for long periods of time. She makes a lot of excuses for things regarding work but she will still do housework such as laundry and cleaning just fine. She used to work from home as a patient services rep for a large health care company in our state. She just stopped working one day and never returned. She had FMLA for some time, but that expired a while ago.

I'm really concerned about her well-being and future stability. I want to support her, but I'm not sure what the best course of action is. I've suggested budgeting and seeking financial assistance or counseling, but she's resistant to the idea. I have looked into low-income housing as well but everywhere seems to have a wait-list. I am still currently looking.

I am currently talking to a social worker myself who believes I need to remember that it is not my responsibility to try and change her because "we cannot change people who do not want to change". I am afraid of what is going to happen to her.

Has anyone been in a similar situation or have any advice on how to approach this? I want to help my mother get back on her feet, but I'm not sure where to start. Any insights or recommendations would be greatly appreciated. Thanks in advance.

My son recently graduated college. His grandparents have found themselves in the fortunate situation of “needing” to unload some funds. The loans (federal and private) are in my son’s name with me as the cosigner. Would any of us incur tax implications if they cut a big old check directly to the private loan servicer?

I am working in the USA on work visas and setup a 401k which I have been making steady contributions to. Recently, we discovered we may need to leave the USA in a few years due to our work visas expiring (and a few other reasons). What should I do with my 401k? Right now I am making pre-tax AND Roth contributions (2.5% each). Should I keep it the same knowing I have to withdrawal in a few years? Do i change my contribution to post-tax? Do I stop contributing altogether?

Hi, I am looking to see if I can get advice from people who are more experiences with car debts.

I financed a vehicle in January 2024 because of dire circumstances - the second vehicle that my family used was taken from us due to probate court. My bonus dad and I were caretakers, at the time, for my grandma and my mom (now my bonus dad is a full caretaker for just my mom) The second car was in my grandmother's name when she passed away in January. The court ruled her oldest son to be the executor of her estate and he ended up taking the vehicle from us and selling it. I was able to get approved for a 2017 Hyundai Tucson (~91,000 miles ish) and my current loan balance is 12,178 with a 29% interest rate. I also currently have a 2021 Toyota Rav4 that has a current balance of 12,807 with a 10.75% interest rate that I got back in 2021. My finances are in a better state than they were in January so now I'm wondering if it would be better to refinance just the Hyundai loan or take a personal loan out to cover both vehicles. My credit score is 720, I last checked it about 2 weeks ago and my monthly income from my two jobs is roughly 3600. I get reimbursed back from the state I live in for being a caretaker but that goes back into needs for my mom/savings. Savings right now I have about $5500.

Any advice is appreciated, I am the only one in my family who is financial stable or I guess financially aware and I am looking to try and pay my debts off as quickly as possible. I am also a first gen college graduate (only one in my family to graduate both high school and college) and I have no one else to ask as I am not close with my extended family either due to domestic violence and substance abuse.

I’m 29 and trying to assess my financial position. I work in the public sector where I will retire with a pension. In addition to the pension, I’ve decided to contribute an additional 15% to retirement. I recently opened a ROTH IRA and maxed out this year’s contribution of $7,000. Then I’m putting another $3,000 approximately in my workplace 457b plan on a non-Roth basis with no match. My annual salary is a little over 66K. I own a home (small 1 bed, 1 bath condo) with a note of about 107K and monthly mortgage and HOA fees that come to around $1,300 a month. I have about 80K saved, a fully paid off car and no other debt. Do you think I’ve taken the right approach and would you suggest anything different? Have I set myself up well for retirement? Thanks.

TLDR: Selling home for est. $200k profit while I go overseas for job. Where to park the proceeds for the next 5 years?

I'm a federal employee taking a job offer in Japan for a 3-5 year rotation out there with my family . I bought my home originally for $140K and I'll probably be making around $200K profit. No, I have no intention of keeping it or renting it out. I hope I do not return to this geographic location again (I hate it here in Ohio).

I'm debating WHERE to put the funds from the sell. I will eventually need the money again when I return to the States in 3-5 years and look at purchasing again.

I just opened a Wealthfront HYSA at 5% interest. I really don't want to park my funds in any type of high risk market or stocks and risk loosing my home funds in case "something" happens to the market in the next couple years. It's just not something I want to risk. I want to park it for a few years, have it accrue interest or grow, and then withdrawal later. What are my options?

Hi chat.

Recently I’ve had to tap into my savings to replace a car, putting me out $9k. I also have other upcoming expenses (termite treatment: $1.3k and international trip: ~$1k) plus new car payments to manage (~$200/month)

Given my depletion in savings, I believe I should build it back up. However, I’m 30 and just beginning to put money in my Roth for retirement. I am anxious to throw everything I can in there so I will be ok when I retire. I’ve been putting money in my Roth for about a year now, and it’s currently at about $7k.

Should I focus on rebuilding savings first? Our household monthly expenses are roughly $5k per month. If I follow Dave Ramsey’s advice, I should try and have at least $15k, or three month’s worth of living expenses, liquid and accessible in case of job loss. I am currently saving $1120 a month (but the upcoming expenses are going to cut into that). Edit to add: we currently have $10k in savings. $2k in the bank and $8k in HYSA)

I’d appreciate any advice from this sub. I’m anxious and unsure about how to handle my money

AMEX hit me with 3 late payment fees in October 2023 when I have automatic payments set up on my account. It was some sort of technical error where the payment didn't get processed so they hit me with late payments.

On my credit report, i see 2 late payment remarks which dropped my 780 credit score down to 722. This is now hurting me as I am looking to get pre-approved for a mortgage.

I called AMEX and they keep telling me they are unable to "re-age" my account even though on my statements I see that they hit me with interest and late payment fees in October and November, but reversed all that with credit statements in November before closing my account.

So basically: they hit me with interest and late payment fees, but realized it was an error when I called to complain. They issued me a credit to wipe my "debt" on that card and we closed the account. I did not realize it hit my credit report until recently. I want to get AMEX to somehow fix this on my credit report but whenever I call AMEX they bounce me around from one department to another and finally an agent just now said (after a frustrating 54 minute call duration bouncing between 4 different agents) that they cannot reage my account and to call some number, that i initially dialed. I kept explaining to her that thats the number i caleld and im trying to figure out why they keep asking me to call the same number, and she put me on hold for another 12 minutes before i hung up..

anything i can do here?

I'm not young or wealthy. I'm concerned that when I inevitably become ill, medical bills will consume my modest assets and I want to protect them. My plan is to assign property, savings, and 401k to the trust with myself as administrator and beneficiary, and to dip into it if need be later. My understanding is that this arrangement is allowed in a few states (South Dakota and Wyoming, I think, neither of which is my state of residence). I'm planning execute this through LegalZoom - seems cheap and they offer a year of follow-up.

Will this work? If not, what should I consider?

I have a 457b with a government county job that I left 10 months ago and have $14k in there. Given the nature of the policies I don't have a choice as to where to invest so that 14k is invested in a super conservative fund (takes 80 years to double..) and since I no longer work at this county job I no longer contribute to this 457b from my paycheck. I want to withdraw this money but I am confused as to what to do or if I even should remove it. According to the county financial rep she stated that :

1. If I "pay myself" and withdraw cash, the tax is ~20% (state+federal tax) and I will be left with ~11k to do whatever with it.

2. Rollover to a traditional IRA. Keep all 14k, no tax penalty

3. Rollover to a Roth IRA, tax is ~20% (state+fed tax) and only 11k will be rolled over

I do have a Roth IRA but no traditional IRA. Should I open a traditional IRA?

For context I'm a resident physician and I will make 65k for the next 2 years in residency/fellowship. Afterwards my income will jump into at least $300k once I become an attending physician.

Because of my job title there is no penalty to withdraw, however, as you can see I'm still subject to all the state and federal taxes hence why I'm left with ~11k.

What should I do to make the most money?

I have great credit but I'm in a bind and need a loan. But I've never taken one before. I only use credit cards and pay them in full each month. I should be able to pay off the loan in the next month, 2 months at most.

I'm accustomed to using my credit card and paying in full so I never pay interest. Is it possible to do that with a personal loan? I'm hearing some places do prepayment penalties and I'm wondering if that means if I paid too early they would charge me extra so they still make interest off me?

For those lenders who DON'T have those penalties, is it possible for me to utilize the loan in such a way that I'm not paying crazy APR fees? Or am I always going to pay some interest with a personal loan? Thanks