#Business

1099 received for 529 account

( www.reddit.com )

1099 received for 529 account Hi Personal Finance, We are in the process of getting rid of some financial planners we have at both Wells Fargo and Morgan Stanley. They were inherited accounts with dedicated FAs for my grandparents who passed (they raised me) and we recently met with a certified financial planner who is helping us escape the fee merry-go-round that we’ve been…

Reddit Personal Finance 1.2k 2025-02-12

Trying to close a line of credit for a parent with dementia. I only have the last four digits of the account.

( www.reddit.com )

Trying to close a line of credit for a parent with dementia. I only have the last four digits of the account. My mom has dementia and I have taken over her finances. I have a financial POA in place. I’ve run across an old line of credit, a “Dell Preferred Account” now at Comentity Bank. I found an old document regarding this and it only references the last four digits of the account. A few days ago I received a document in the mail with this account’s u…

Reddit Personal Finance 351 2025-02-12

Looking for Advice on Car Loan Debt

( www.reddit.com )

Looking for Advice on Car Loan Debt Have a car bought used 2 years ago transferring $10k negative equity into the loan, now in a situation where the car is too small for our family and looking to up size but not sure whether to transfer current negative equity into new car loan or to pay it out over the term of a lease. Let me know, advice is greatly appreciated, thank you. Car Wo…

Reddit Personal Finance 542 2025-02-12

1099 employees vs w2

( www.reddit.com )

1099 employees vs w2 I’ve always been a w2 employee, got offered a position 1099. I’m not the smartest person when it comes to taxes and such, how much do we realistically have to pay back at the end of the year? How much would I potentially around about have to take out of each paycheck? The job is only 23$ an hour. Before I go ahead and accept the offer I’m just d…

Reddit Personal Finance 827 2025-02-12

What’s next for the CFPB?

( www.reddit.com )

What’s next for the CFPB? For those of you in the US that have contacted CFPB when you have an issue with your bank, are we worried about the agency’s long-term existence? submitted by /u/mikgub

Reddit Personal Finance 847 2025-02-12

Employer is 1 Month behind on Salary Payments

( www.reddit.com )

Employer is 1 Month behind on Salary Payments Hello my company is going through tough times and may fold soon. They are 2 paychecks behind on payments (they were 3 but recently paid one payment 2 weeks ago). I’m still being asked to do usual job duties but it’s gotten to the point I need to make a move. In Texas do I qualify for un employment in my situation? Having a hard time reaching Tex…

Reddit Personal Finance 765 2025-02-12

Will I encounter any issues with Swift or wire transfers?

( www.reddit.com )

Will I encounter any issues with Swift or wire transfers? Are there any complaints regarding Swift for transferring funds? I am a developer with foreign bank accounts for my customers. Will I face any problems when transferring my personal funds to my home country using Swift or wire transfer? I am a taxpayer, and all of my income is reported in my home country. My average monthly income is between $40…

Reddit Personal Finance 847 2025-02-12

Can i try and not submit? Am i overthinking?

( www.reddit.com )

Can i try and not submit? Am i overthinking? ok maybe a dumb question but my taxes are more complicated this year as I’ve gotten married, had a baby, taken STD and opted in for individual policy of PFMLA. i want to ATTEMPT to file my wife and i’s taxes but am a little worried i may be overwhelmed by the complexity in comparison to how simple previous years have been. is it possible to ente…

Reddit Personal Finance 690 2025-02-12

In need of guidance on debt resolution

( www.reddit.com )

In need of guidance on debt resolution We fell into deep credit debt, we got desperate and signed up with “beyond finance” debt solutions. Long story short, we owe discover 13k, they refused to work with BF on a settlement and since turned us over to debt collection lawyer firm “Weltman Weinberg resolutions” they want 10,768 to settle the debt, BUT they want it all in 1 lump sum paym…

Reddit Personal Finance 1.1k 2025-02-12

Please give feedback on my and my wife’s financial standing.

( www.reddit.com )

Please give feedback on my and my wife’s financial standing. Hi Guys, I was hoping to just get some general thoughts/feedback/recs on me and my wife’s current financial profile and maybe potential recs on how to more efficiently allocate our capital? Salaries combined= $160k Monthly Total mortgage payment = $1,850 Student Loan Payments = $500 a month Car Payments = $500 a month Liquid cash in bank = $80k …

Reddit Personal Finance 1.2k 2025-02-12

Asset Allocation for a 10 year portfolio

( www.reddit.com )

Asset Allocation for a 10 year portfolio I am 54m, planning to retire in second half of 2025. I have a deferred compensation account that will start a 10 year distribution in 2026. It will cover all my expenses. I have other assets that I don’t plan to touch while getting the deferred comp distribution. My question is on how to set up proper asset allocation for the deferred comp accou…

Reddit Personal Finance 677 2025-02-12

Requesting some Backdoor Roth clarifications.

( www.reddit.com )

Requesting some Backdoor Roth clarifications. I have some questions about a backdoor Roth IRA situation that I would love to get clarity on. This applies to both 2024 and 2025. So here goes: I am clearly above the income limit for 2024 to make Roth IRA contributions. I was considering contributing via the backdoor Roth IRA, but I remembered that I stupidly rolled a previous employer’s 403(b…

Reddit Personal Finance 633 2025-02-12

Will we get a bill if we were never seen at the ER? They also never asked for our insurance.

( www.reddit.com )

Will we get a bill if we were never seen at the ER? They also never asked for our insurance. Over the last couple of months, my husband has started having some mysterious allergic reactions to things that we don’t understand. Tonight, he took a bite of some fancy cheese and immediately started feeling like he was having another allergic reaction. I immediately grabbed two Benadryls that he took within 3 minutes of having the reaction. A…

Reddit Personal Finance 509 2025-02-12

Need suggestion in managing household funds

( www.reddit.com )

Need suggestion in managing household funds Me and my wife earns collectively 3.50 Lakhs per month. We have home loan of 75k per month and doing SIPs worth 70k per month. Have two person loans so paying around 50k there as well. Approx 25k goes in groceries and other household items. What could be the other ways to invest the remaining amount (around 1 lakh+) which will yield better retur…

Reddit Personal Finance 567 2025-02-12

Setting up my daughter

( www.reddit.com )

Setting up my daughter My boyfriend passed away last year and he left our daughter a little over $100,000 so that I can take care of her. I’m currently in the military and have steady income but I want to know the best way to save and manage her funds to best help her and set her up to have money for college or whatever she chooses. Edit: She’s only a few months old a…

Reddit Personal Finance 700 2025-02-12