Does Rocket Money Impersonate you? I tried the app to see the subscriptions which was cool I guess. They tried to negotiate bills with two companies. Both of them called me and said someone was claiming to be me. My cell company ended up putting me in a 3 way call with someone who said he was my brother and was negotiating my bill that we agreed on at the dinner table? Wtf su…

25 y/o, just got laid off – do I move back home or tough it out? Background – 25M, 0 debt, 45k in savings and I just got laid off. Living in a HCOL city. Also just renewed my apt lease recently for a year… My expenses range from $2500-2800 a month (including rent etc) . I do have the option to move back home however, my initial thought is I would really prefer not to. I really enjoy where I live in and my ind…

Why are fidelity’s retirement estimates so low I just got done talking to my personal advisor and his estimates of how much money I will have when I retire are significantly lower than online estimators. I am using conservative numbers when filling out 401k calculators. using a 5% yearly return and a 2.5% yearly salary increase with my existing numbers and employer contributions, online calc…

Electric company made two accounts under my name and are expecting me to pay for someone else’s bill Me and my husband have recently moved to a new house, there’s a unit in the back that is rented out separate from ours. When we moved in the house was under a specific electric company but we decided to go with another one. However when this happened for some reason the electric company switched ours and the back house electric. We found out whe…

How to approach medical debt collector when hospital bill will be resubmitted and covered? In October of 2024 my wife gave birth to our second son. After he was born, he needed to spend one day in the NICU. The hopsital then billed us for this NICU stay, and the bill was for services provided to him. Since he was not yet on our insurance, because he was just born and we didnt have his SSN yet, our health insurance rejected this claim….

Surrendering a universal life insurance contract Have a (~$10K contract value) policy that we have not been paying any premiums on and now the annual mortality charge is exceeding the annual interest being paid…so the contract is now losing value. Do not want to pay any premiums, as this was a policy started by parents years ago, and we don’t require life insurance. Any reason not to surrend…

Savings to pay off CC or hit emergency fund THEN CC? Need some advice: I’m stuck right between… A) using savings to pay down my $3000 CC debt – I am only $1000 away from my 3 month emergency fund or B) hit my emergency fund amount, and from that point just throw what I WAS putting to savings directly into the CC on top of my monthly payments submitted by /u/CarolinaMountaineer2 …

risk of loaning to friend secured by equity in a pending home sale They have already borrowed a bit, and seem not to take the hint that rapid consumer price increased have increased the value of that small amount quite a bit. Now they want a bit more to float them until the property sale. With a 7% return for me when they sell the place. What would it cost me to extract that loan money, once the sale is done? …

Roth versus tax deferred For middle to high income earners wouldn’t making a Roth contribution be a better investment for someone in their 20’s because the tax free nature of the earnings far exceeds any break you get by contributing to tax deferred accounts ? submitted by /u/Low-Dependent6912

Pay off rental properties or leave as is? Here’s my situation: 35M, single, currently not working: Current assets: 401k – 400k Stocks – 650k HYS – 30k 2 rental properties – 600k total value (200k total loan at 4.5% interest), generates 4k in rental income (2k in net) My question is: Should I nuke my 401k to pay off mortgage? This way I can save on interest payments and optimize for c…

Father is on his deathbed. Mother is beneficiary on his 401K. Need help with how to handle rollover/disbursement. My father is in the final stages of cancer is going to pass any day now. My mother has not worked in over 20 years. My father has always managed their finances, paid their bills, ect… so, it’s fallen to me to manage my mother’s finances going forward. I spoke to the finance lady who manages the 401k accounts for my fathers employer yesterday,…

How do I budget my $1000 a week with ~$8k in debt? Edit3 – Thanks a lot, everyone who commented here! Your advice is valuable to me and I really appreciate it. To begin with, I will put $2k a month towards my debt (already paid a 1000 just now) and then increase my savings. I was struggling to find a job for about a year which led me to a debt of $8k. Now that I do have a job that pays me roughl…

ELI5 ESPP tax stuff: form 3922 vs form 1099-B? I participated in my company’s ESPP this past year for the first time. I believe the broker they use will send a 1099-B form which I can use to report capital gains since I sold immediately both times. But I also got a form 3922 from the company I work for. I’m not really sure what the difference is or how this all works. Can anyone explain it? …

What types of investments accounts can I open in Canada as a Canadian citizen residing in the United States? I am a Canadian citizen currently residing in the United States and am looking at opening a CAD$ account in Canada. From what I’ve read a GIC is a possibility, and I was wondering if there were other options for investing other than a GIC. If anyone has any helpful insight it would be greatly appreciated. submitted by /u/Hiimbames …

Helping a retiree with debt… Help! I’m very responsible with finances but I find myself helping and elderly friend who was not. HELOC: 20k Credit Card Debt: 20k Misc Debt: 25k He’s now in a retirement home spending down so he can qualify for medicaid because he does not have any other income streams. What is the best strategy to consolidate/pay for all these debts? Thanks in ad…

Best way to buy home for parents I’m now in a position to be able to help my parents more financially. They don’t really have any financial assets and will soon need another place to live. I’m wondering what the best way to help them buy a home is – buying a home myself and letting them live there, giving them money for them to buy a home, or co-signing a loan for them? Would a…

I’ve maxed out 3/4 credit cards, have 2 loans and I can’t afford my payments. I made dumb decisions knowingly one day I would have to pay the price, and the day has finally come. I really want to go back to school for culinary arts, and I don’t qualify for federal aid since I make too much apparently. I want a practical strategy to pay off as much as I can but my minimum payments for all cards are over $100 a month… (Cont…

Can donating a kidney affect future life insurance policies? I just registered to join the kidney dinor registry and plan to donate if I get the call. Expenses would be paid by receipients insurance, I can get leave from my job, I have an emergency fund and spouses income. I can’t think of any other way it’d financially hurt… …Except that I plan to get a life insurance policy within the next year or s…

401k to IRA taxes, backdoor Roth Moving 401k to IRA and taxes: I have the opportunity to move Traditional 401k (100k) and Roth 401k(20k) to Traditional IRA and Roth IRA. I also invested 7k to Roth IRA back door for 2025 (move from Traditional to Roth 401k). Fidelity who holds my 401k says if I move my 401k to IRA, they might tax the entire Traditional 401k since I didn’t one tr…

Help me be smarter with my online banking skills (I’m really, REALLY, bad…) I’ve done banking completely wrong for many years since I was 15. I was never taught a correct way and I’ve always stuck with my way because for me, at the time, it worked, I’m now 23, have rent payments, truck payment, insurance, etc. and it’s getting to be a hassle juggling money between 2 accounts. And is there a better bank than Truist? Trui…