Accidentally Filed a 1099-R retirement form last year with my taxes Last post was dropped. For the 2023 tax year I apparently filed a 1099R retirement distribution form. I also filled it out stating that I took a $3,000 distribution which I did not because I am not retired. I corrected the 23 tax forms on Free TaxUSA It did not change what I owed should I submit an amended copy? submitted by /u/comeuppins…

Loan/Credit card consolidation help Hi, so I’m 25 and I’ve racked up about $15,000 in credit card debt broken up into 3 accounts. This debt just got high because I moved out and didn’t focus on paying it off when it was in the promotional 0% APR timeline but I do have the money to pay it off. I can pay $1,000-1,500 towards the balance of those cards each month but struggle to keep…

Catching up to withdrawal Is there a way to calculate (assuming obviously the max yearly contribution of $23,500) how quickly one could replace a withdrawal amount of $33,500 and then also replace the normal 5% contribution with 5% match per pay (about $300 total per pay over 24 pays in a year) AND avg rate of return? I’m in a fairly rough patch with credit card debt I’d…

Fraud charges twice in 6 months.. should I be concerned? Hi everyone! So for context, my card information has been stolen twice now. Once in June, once yesterday. Here’s where it gets weird: June: BOA debit card. I didn’t think anything of it because I used that card EVERYWHERE. They bought like $1,000 worth of tickets on Ticketmaster. The investigation took longer than the standard 30-45 days which…

Deceased father had unclaimed assests My father passed away in 2002 when I was a minor. My godfather, his brother, was the executor of his will. I just recently found out he has a few thousand dollars in unclaimed property in the state of NJ. I contacted the probate court and they told me my godfather, and ONLY my god father, can request the certificate I need to claim the money. Ho…

2% Quarterly Fee Roth IRA My friend recommended a financial advisor to open a roth ira and the advisor said their fees are 2% quarterly and $40 annually. This would be my first account and I feel like this is a lot in fees. Am I better off opening a roth ira through Schwab, Fidelity or one of those bigger companies? Thanks in advance. submitted by /u/MathaholicAno…

Can I max out a new 401k right now and receive the tax benefits when I file for 2024? My partner just received very large bonus for the first time. (She’s now a full partner at her practice) and I’m working my way through the “managing a windfall” flowchart. I’m stuck on 401k’s. Up until now, we have only been contributing the minimum for her employer match amount, and we haven’t touched mine because my employer does not match, …

Roth IRA + Income question I believe the 2025 income limits for married couples is $236,000. (I know it goes up to $246,000 in some prorated fashion). This is for MAGI which as I understand it is income + (interest 1099’s) – 401k/TSP contributions – HSA contributions – medical premiums – dental premiums. So this year (2025) is first year I decided to contribute to my 401…

Never got a bill for my surgery. Kind of worried. I had surgery done a year and a half ago now and they never billed me a cent. I ran a credit check, no signs of an unpaid debt. Im a little worried about that, what do i do? submitted by /u/gonegonethanku

Fraudulent charges on debit card have started arriving at my house.. On Tuesday, my wife noticed ~$1,400 in fraudulent charges across five transactions. We immediately contacted the bank, who froze her card and started an investigation. Here’s where it gets weird: one charge was for a tire website, and today, the tires were delivered to our house. We called the non-emergency police line, filed a fraud report for …

Wondering how on track for potential retirement in 3-5 years Hi folks wanting some cold eyes review. I’ve talked to a couple financial advisors and don’t find them super helpful honestly. Sorta canned answers. I’m 55. My company is shipping us all from SF bay area to Tennessee and I really don’t want to move due to my whole family being here so thinking to get laid off and get some simpler job that just …

Best way to pay for upcoming expense? (20k) Hi All, Just found out the other day that our boiler is cracked and needs to be replaced. We are based in the New England are so we have very cold winters. We currently have an oil tank but are using this to switch from Oil to Gas to prevent any future liability with oil tank. The estimated cost of this is around 20k. I currently have a chase sa…

One hefty credit card or a few smaller ones? Just finishing up paying down some debt I incurred on a few credit cards. Dumb spending from when I was a little younger, but as a result my credit is actually super high. I have 3 cards as of rn. I wanna get rid of at least one, possibly two. Is it smart to get one card (or maybe 2) with a credit limit that is as high or higher than the 3 combi…

Help me assess my risk I’m 44, married, 3 kids. My wife earns very low income and I’m at around 120k. We are both in very recession-dependent sectors. As a result we have always been risk- and debt-averse so we don’t get caught unable to pay our bills. As of 3 years ago, we have no debt. We are good savers and have built up 500k but it’s just sitting in HYSA. This was…

Refinancing Auto Loan: Confused EDIT: question answered – I got the length of loan wrong and it’s actually 84. I’ll leave this post here if someone else needs info in the future. My husband and I bought a 2023 truck in Nov 2023 at 8.89% (!!!!) and we’re looking to refinance. Just stopped by some credit unions today to check our rates and they’ll obviously be much better, but w…

Wife is getting a $3,000 lump sum bonus from her employer. We’d like to make the most of it, but at the end of the day, does it really matter where it goes? We don’t have any emergent needs to need the money right now, but we’re just looking at what we can do with it Cash options: We take a cash payout. Lose $1,000 in taxes, keep $2,000. We put the whole amount into the HSA. Keep all 3,000, but then reduce the amount we pay into the HSA next year. So we still lose the $1,000, just spread out over n…

After Emergency Fund, Do People Invest Most of Their Income? I’m 32, but I did not grow up in the states, and my parents have never invested in the stock market, so I’m not sure what is good financial advice / typical practice. I max out my 401(k) and my IRA, and I have an emergency fund of around 6 months of expenses. I do not plan on buying a house / car / similar big purchases within the next 5 years. …

529 to Roth IRA Rollover Questions I’m in the fortunate position to have approximately $6,400 left over in a 529 account that I’m the beneficiary of. My parents financial advisor gave them some (seemingly) incorrect information and I’m trying to determine what my next steps are. -The advisor wanted to open a new 529 account with me as the owner. I’m currently the beneficiary on …

What to do with my retired parents money My mom is 81, and she has a federal gov. pension and around $850k in the market in various ETF’s, Mutual Funds and individual stocks. These investments have obviously done well over the past few years but I’m concerned about a market correction and her losing a sizeable amount of this. She’s in an independent community and will likely need assis…

Is it ever okay to dip into your emergency fund for non-emergencies? I’ve been building my emergency fund for a few years now, and it’s finally at a solid six months’ worth of expenses. It gives me peace of mind knowing it’s there for true emergencies, like job loss or unexpected medical bills. Recently, though, I’ve been tempted to dip into it for something that’s not really an emergency but feels like a worthw…