- December 6, 2023
- Posted by: legaleseblogger
- Category: Related News
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****** just grabbed a
More a vent post than anything else. My personal info has been leaked again. This time the info includes name, birthday and SSN. Ive got my credit frozen with all three credit agencies, have various monitoring services. This morning I double checked all my financial accounts with my various institutions to make sure I have 2FA turned on. Ive got my brokerage account locked down. I changed some passwords (I do this a few times a year anyway). They all have different passwords. I think Ive done all I can. Its all just so frustrating.
This time a third party my employer uses got hacked and employee info was stolen. IÔÇÖm wondering if there is any security in opening a new bank account specifically for my direct deposit to be routed to, then forwarded to the accounts I actually use. Probably not. Might do it anyway.
When I was broke and my credit sucked anyway I used to not worry about this stuff. But since IÔÇÖve gotten things turned around, have a little money in the bank, and decent credit now I do. This sucks. Ugh. Have a good day all.
IÔÇÖm new to investing with IRAÔÇÖs but IÔÇÖve heard itÔÇÖs something I should look into. Currently 27 making 85k a year & my job doesnÔÇÖt offer any type of 401k. Should I start up my only Roth IRA account ? Or traditional IRA account? I donÔÇÖt really know the differences between Roth & traditional
I also have 3 investment accounts set up already so I have some investment experience
I’ve finally hit $100k in liquid investments, and $100k salary! Took me about 5 years, 5 different jobs, and a 40% savings rate, but we’re there.
Now I just need to do this for another 25 years and I can retire. 😛
I was looking to get a new car from Honda. They have a special APR of 3.9% (all my local credit unions were at 6.5% and higher). My Savings account currently gets me 4.29% APY.
Assuming I qualify for HondaÔÇÖs APR, wouldnÔÇÖt it be advantageous for me to keep the money in the savings account,as it will generate interest to pay off the car paymentÔÇÖs interest and generate a little extra cash?
ÔÇ£Only invest in an HYSA if you need the funds within the next 5 yearsÔÇØ – Why?
So I may be saving for a home eventually. Thats the likely goal of the few hundred I put into my HYSA monthly. IÔÇÖm currently getting 4.5% return.
Why do people say that HYSA investments arenÔÇÖt for longer than 2-4 years? Should I be putting this money elsewhere?
Late 20s in the US. I was recently gifted $130k and need some advice on what to do with this money.
My situation: I’m still in grad school and have $35k in savings, with $20k in a Roth IRA invested in index funds and $15k in a low-yield savings account. I have fairly modest expenses and no debt. I don’t have specific investment goals, but I’m considering the possibility of buying a condo in the next 2-3 years once I’m out of school. Still, this goal is pretty uncertain and contingent on where I end up after graduating. Because of this I’m wondering about the right way to invest this money.
Potential options:
1. Should I look into something safe like a CD or HYSA until my short-term plans become more concrete? Rates look decent atm, and the low risk feels appealing given the potential short-term need for a down payment.
2. Something with moderate risk like a mixed allocation between index funds and bonds.
3. A third option… Are there other strategies I should consider?
I would appreciate any advice. I don’t have much investing experience and feel a bit overwhelmed. Thank you in advance!
Hi all. New here, what’s everyones favorite tracking method of asset allocation amongst several different accounts on several platforms (Mine and wifes IRAs, 401ks, etc on 3x platforms). Is it best to do this on xls, or is there a better website/provider for tracking investments, net worth, asset allocation?
I’m thinking of switching some of my VTSAX funds to some international funds, is there a penalty or tax or anything to that?
I’ve read that a big advantage of 457(b) accounts is that you can withdraw funds before 59.5 without any penalty. If the entirety of your 457(b) funds were rolled over from a 401k, can you still withdraw with no penalty?
A friend has some credit card debt at 24-28% APR. Would it make sense to withdraw from their retirement accounts (even with the penalty) to pay this off? My thought process is that their retirement accounts aren’t growing faster than the 24-28% APR. I realize not an ideal scenario but they’re bleeding money with the debt currently.
How can I transfer my mutual funds out of vanguard to Robinhood?? IÔÇÖm trying to get rid of it without penalty. Trying to move everything to Robinhood. Thanks
What all do I need to consider when selecting a primary bank to house my checkings and savings?
I’m currently at Bank of America as my primary bank and I know I’ll need to at least keep the credit card as it’s my longest-established line of credit. I have mutual funds within Wells Fargo and a Southwest card with Chase. I’m at Bank of America because that’s where my parents set up my first checking and savings account in high school.
I feel overwhelmed by what other options are out there and uncertain how to know what the smartest financial decision is?
How do I decide which bank is best for me and makes the most sense?
Thanks in advance!
I have an auto-loan preapproval from a local CU for 6.84% at 36 months . Not sure if I should adjust that loan term a bit, but I could get it down to 6.34% if I meet a couple easy criteria (autopay with a CU account, buy a hybrid vehicle).First time ever financing something, so given the current interest rates, should I just go with this? Should I adjust the months, or just verify I can pay it off early with no penalty if needed? Also, I could pay full cash for my car, but I’d rather hold some cash on hand in case something else happens. Is that still the play given interest rates?
Heard the fed announced they’re dropping interest rates in 2024, so wondering if refinancing or something would be viable here
I’m generally a pretty straightforward investor. I lead a pretty FIRE-ish financial life and put everything leftover in my 401K, max out a Roth annually, and anything left goes in my Vanguard brokerage. 80/20% between VTSAX and VBTLX. Set it and forget it aside from balancing the 80/20 split annually.
My co-worker and I talk a little about investing. They told me about a Robinhood promo where they will match 1% to any new brokerage account transfer with no limit. For me, that would be a few thousand free dollars provided I keep it there for 2 years. Almost too good to be true.
I am a bit skeptical of changing from a tried and true institution to a start-up that already has a string of controversies on it’s Wiki page.I wouldn’t be able to invest in VTSAX and VBTLX, but could still do VTI and BND, which is comparable.
Any reason I should be skeptical of this idea?
Hey all. New here. 2 questions.
1. I have about $150k in my traditional 401k (I started my career late). I contribute 15% of my paychecks + my employer matches 4% of my salary. I recently discovered my employer offers a Roth 401k.
Would it be best to leave money in traditional or swap to Roth? IÔÇÖm concerned the taxes would crush me given my income.
2. I tried to switch investments out of the estimated age retirement plan. The fees were astronomical for the chosen fund. I switched everything to a vanguard total index/international index/ bond portfolio, but seeing something about a guaranteed fixed income option. It doesnÔÇÖt show a way to get rid of it despite it not going towards contributions. Can I get rid of this? Do I want to?
Why does my untouched CD interest jump up and down monthly? See screenshot here: of my account: https://pasteboard.co/vEFs9swAG1cP.png
It’s a 5.00% 11-month CD that has been completely untouched. Why does the monthly interest fluctuate so much? Sorry if I am missing additional details, but please feel free to ask if I’m missing something. Thanks! I am in the US.
$QWTR Quest Water Global Expands Into South Africa
Quest Water Global, Inc. is pleased to announce the establishment of a strategic partnership in South Africa with AQUAtap Oasis South Africa (Pty) Ltd. This partnership marks a significant milestone for the Company and is a testament to their commitment to promoting diversity and economic empowerment in the region. AQUAtap Oasis South Africa (Pty) Ltd. will have access to Quest Water Global, Inc.’s water technologies, market-driven business model, and expertise, while also benefiting from the knowledge and experience of their local partners.
https://www.globenewswire.com/news-release/2023/11/28/2787302/0/en/QUEST-WATER-GLOBAL-EXPANDS-INTO-SOUTH-AFRICA.html#:~:text=The%20Company%20is%20proud%20to,in%20need%20across%20the%20continent.
Question about HSA / FSA. Got married this year, wife has FSA, I have HSA. IÔÇÖm already aware IÔÇÖll have to withdraw my excess contributions before filing our (married filing jointly) taxes for 2023. The way her plan works is she stops contributing to the FSA Dec 31, but has access to the funds til Mar 1, when her new plan year starts. A) does this mean I remain ineligible for my HSA for the first 2 months of the 2024? B) if so, can I just prorate the HSA max to be equal throughout my 24 pay periods, or does the date of the contribution matter?
I have a 457 account and I’m about 20-25 years from retirement. Starting next year, I’ll have the option of a Roth 457. At what point does a Roth 457 versus traditional make sense? I already have a Roth IRA.
Quick question – I’m making some life changes and freeing up about $1000/mo. starting in January. I have a rental with a small mortgage ($100,000 at 6.175%, with 29 years remaining). I’m having a hard time deciding whether to put the extra $1000 into retirement or into paying the mortgage off fast. I’m on track with my current retirement savings, but feel like more would always be better. I really want that mortgage paid off for peace of mind. Any advice? Secondly, can someone help me find a more complex prepayment calculator? I’m looking for one that allows me to change the amount of prepayments over time. So for example, I’d input $1000/mo. prepayment year one, $1200/mo. prepayment year two, etc., to figure out when the payoff would be in different scenarios.
I have multiple independent contractor gigs which are all delivery related such as Uber Eats and Instacart. Will these all go on the same Schedule C when I report mileage and expenses? I also do web design on the side and get paid via PayPal so that will go on a separate one right?
Need advice: I have a $3k personal loan debt at 5.5% to which IÔÇÖm paying $300 a month. Should I sell shares (specifically Amazon shares) to pay off the debt? The idea would be that then I can repurpose those $300 a month to go back into AMZN shares. (Unable to lower that monthly payment)
Edit; I do have another credit card with higher interest rate total $2k debt. BUT I only pay $40 a month towards this one. I KNOW I should pay off higher interest rates first but the $300 a month kills me more than the $40
In a state with local income tax.
Have some short term funds rainy/repair/improvements fund that would like to maximize returns. Current at 5.25% HYSA. Obviously need access to the money in the short term while I figure out next steps.
I’ve googled to death and t-bill laddering seems to be the best approach for short term goals + no state or local taxes
Are there companies that will help facilitate a personal loan from a family friend? IÔÇÖm interested in things like setting up a contract and a possible lean on property as well as possible help with monthly servicing.
My employer offers an hdhp. IÔÇÖm a healthy guy, single with no dependents, so i was thinking maybe getting on an hdhp just to get an hsa would be a good idea? As a means to lower my tax liability and invest? What do you all think?
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23 yo, making 90k a year. Currently maxing out my 401k to the match but wondering what the optimal financial decision is after. Currently am placing most paychecks (after rent, insurance, etc) roughly 2-2.5k a month into a HYSA earning 4-4.2% and have over 95% of total savings including college fund In a CD at 5%. Is it worth opening a independent IRA? Not sure whether to keep with the savings and into the CD, split into a Roth, or invest more than max on 401k. Thank you for any advice!
Are the days of a reliable beater car gone? Should I just settle and maybe get a newer corolla with a loan worth less than $10k?
Just wanted to share a milestone/success story in progress: I’m officially “debt-free” (besides my mortgage)
Got a bonus at work, and just used it to pay off the last of my car loan. Student loans paid off last year. CC debt down to 0. No more car payments no more student loan payments. Feels great. Was a long road.
Hi Reddit! I finally managed to save $1,000 I would like to put it in a CD account I have read SoFi and BMO (Alto) are good options. Which one do you suggest? I am a newb to investing, CDs, high yield savings, etc.
Save in HYSA or pay extra mortgage principal curtailment?
Question I am wrestling with: currently have a 30 year mortgage, 3.25% interest rate. I pay 2 additional principal payments a year. I have an additional $200-$300 a month I could apply to principal, but would it make more sense to put that money into a HYSA and then maybe 5-10 years from now make a large principal payment down the road?
Just not sure which makes more sense to do.
TLDR: Will I harm my credit score if I currently have 2 accounts, one is 3.85 yrs old that I want to close, the other is ~2.65 yrs old and I am opening one new checking account and one HYSA.
Acc 1: BOFA, 3.85 yrs old, needs 1500$ minimum balance to avoid fees. Want to close.
Acc 2: Costco Citi, 2.65 yrs old.
Want to open:
1 checking account for everyday use, no fees
1 HYSA
Goals:
In ~1.5 yrs, move to another state and buy a car with trade in money + savings. Potentially a down payment on first time house purchase depending on how much it costs to move out.
Will I hurt my credit score substantially enough from closing my oldest account? I have perfect payment, no card debt, and monthly ultilization. ~770 credit score right now if it matters
One app for tracking all assets and liabilities – net worth
Is there a recommended app that is safe, secure and easy to use that can connect to all my accounts – brokerage, banks, retirement, mortgage, etc. so I see my entire net worth in one single place?
I, donÔÇÖt care for budgeting. But what would be great is after connecting to my accounts, it can show details – incoming/outgoing transactions, portfolio diversification, etc.
Let me know. I am nervous about providing my authentication for all my financial accounts but I guess thereÔÇÖs no way around it if the app needs to connect and get the latest info.
Does anyone know of any online hysa’s for kids? I have a Wealthfront hysa but they don’t do custodial/joint accounts. Most of the others I’ve seen need to have an account/login to chat or get more information.
Thanks.
Hey, hope all is well
Currently, I invest in a couple of different things:
I invest back into my work and get returns when jobs are completed. This is something I use for medium term gains.
ROTH IRA, I allocate $125 a week into a roth ira which goes to a total market fund and a total international market fund.
Right now, I am thinking of adding a couple of different investments:
Crypto, was thinking of allocating $50 a week into bitcoin and eth and just HODL ($40 btc and $10 eth)
heard something about life insurance investing and how you can borrow against it in the future.
Starting a S&P500 investing account where I just allocate $100 a month indefinitely.
Should I invest in crypto only $50 a week? Is there anything else you guys would recommend me to put money into? Thank you!
HYSA PayPal VS Capital One
I already opened a capital one savings at 4.3% but noticed PayPal has the same rate. Unless there is some big reason to switch I will just stay with capital one. I mainly chose them because they had physical locations. None super close to me but I still like having the option if I needed it.
Sign up bonus for savings account
I see a lot of banks like C1, Ally, Sofi giving a bonus for opening savings account and setting up direct deposits for the account.
Wanted to know if there’s disadvantage in opening these savings account and then closing them once the bonus is received?
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Hi all,
This is a question about Revolut loans in Germany.
Can one repay their loan in full at any time, without any cost? The official docs say so, but then there are answers like this one out there which indicate that, at repay time, one needs to pay the credit due when the loan is created: https://www.reddit.com/r/Revolut/comments/y8izbq/comment/it1kszu/?utm_source=share&utm_medium=web2x&context=3
So I’d like to know from other loaners out there… How’s your experience been? Any ‘hidden’ fees?
**TLDR: Considering moving life savings from Chase to Wealthfront for generous HYSA. Is Wealthfront a safe financial institution?**
Hello,
I recently learned about HYSAs but never saw any with rates that caught my attention. Through exploring this sub (and related subs), I found out about Wealthfront, which is currently offering a cash account with 5.00% APY.
A few points on their advertising page include:
1. APY delivered through our partner banks (?)
2. No account fees
3. Unlimited withdrawals & transfers
4. No minimum or maximum balance to earn 5.00% APY
5. Up to $8M FDIC insurance through partner banks
I am very new to personal finance and managing money, and my current bank is Chase. I chose Chase because they’re everywhere, established, and I imagine aren’t going anywhere any time soon. I have a large emergency fund ($50k) with Chase, currently earning no interest, which I am considering moving to Wealthfront for this generous interest rate.
Wealthfront seems really interesting, but – forgive me if this is a nonsensical question – is Wealthfront safe? I have no safety net outside of my emergency fund, and cannot afford to have it all disappear. (I’m considering the old adage: if something seems too good, be suspicious.)
If there is anything else you might suggest to consider when switching financial institutions, particularly in this context, please let me know.
Thank you for reading.
If i am racking up credit card debt and its taking hits on my credit score would a loan help raise that score quickly as i pay off the loan?
I use SoFi as my bank and I have the SoFi credit card. However, I never use it due to my other cards (travel + cashback cards). It kind of bothers me that it just sits there staring at me whenever I open the banking app and I don’t want to close it.
I had an idea to move all my monthly subscriptions (NordPass, Amazon Prime, etc) to that card which would make it very easy to track all of my “unnecessary” monthly payments.
These monthly charges total to around $40 a month so it’s negligible in terms of cashback (at 2% cashback, it’s around $0.8/month or around $9.6/year).
Would you recommend I just keep it all on my Venture X to keep everything in travel points or move it over?
Thank you 🙂
Do any of you recommend multiple HYSAs? I have one with marcus with 15k in it but I’ve been hearing horror stories so should I switch or start a whole separate one?
Hi, my girlfriend is unable to access her Marcus HYSA account due to it being locked and not having the correct secret word. WeÔÇÖve been on the phone with customer service multiple times and they all give the same flat answer and nothing more. ÔÇ£We cannot access your account without the secret wordÔÇØ. I understand this answer due to fraud reasons, but has anyone had any luck with recovering their account through another form of identity authorization? There must be another way to unlock it. Whenever we ask they always go back to their same answer with no form of help or assistance. We called during the weekend so I hope we got these generic answers because these are just the weekend service teams. Thanks
Hi.
Could anyone recommend some good, high yield savings accounts? I don’t have much to start it, but I’m seeing I’m doing poor currently with .15%…
Would upping my credit limit on a CC cause any changes to the APR or fees in any way? (Chase Freedom Unlimited)