#father

Father’s Inheritance Money

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Father’s Inheritance Money I am receiving a check of $950,000. I am 25 making salary of $95,000. I would like some insight as to where I should put this money. It was my fathers inheritance so I do not want to put it into something risky. I want to make sure my money is protected for me and my future kids as well. Any guidance would be really appreciated. submitted by…

Reddit Personal Finance 177 2023-08-24

Do i give my father 2k for something that could be a scam?

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Do i give my father 2k for something that could be a scam? My (F16) Father (M57) has been asking me to give him 2k to supposedly get money off a company which I believe to be a scam. It all started a few months ago when he told me he saw an ad in a football article he was reading about how a very well-known celebrity had won over 1.5 million through investments. Without doing any research he got in cont…

Reddit Personal Finance 213 2023-08-20

Blair’s Last Run Moonshine Owner Needs Help Finding His Father’s Old Car

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Blair’s Last Run Moonshine Owner Needs Help Finding His Father’s Old Car It’s not entirely unheard of for people to attempt to track down a special family car from their childhood. Maybe it was stolen when they were a kid, or their parents had to sell it to pay the bills. Heck, sometimes, the car just got sold because one of the parents wanted something new and didn’t have the space to… Read more…

Jalopnik 231 2023-08-15

Help with 20K Single Father

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Help with 20K Single Father Hello, I’m. Single father. My sons mother had become disabled a couple years back. I just received social security disability back pay, 20k. What would any of you suggest I do with this money in order to help me and my son out financially for the future. Invest? submitted by /u/Newlin13

Reddit Personal Finance 212 2023-08-15

21 yr old father w/ kids… 40k in savings

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21 yr old father w/ kids… 40k in savings As the title states, 21 yr old father, with responsibilities and bills to pay. Managed to save up this much from working excessively and could’ve been more if I didn’t splurge some money and made some risky investments. I make close to 50k a year and basically run on debt. I leverage my spending by spreading it across 16 credit cards to my name…

Reddit Personal Finance 250 2023-08-13

Father just passed away worth debt

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Father just passed away worth debt So my father just passed away. I am meeting with an estate attorney next week, but thought I would get some thoughts from here ahead of time. My dad passed away with about $20,000 in credit card debt. He is the only one on those accounts. He may have some minor Medical bills still to come in. His only assets are a 10 year old vehicle worth $4,00…

Reddit Personal Finance 206 2023-08-12

My father hasn’t paid taxes in 6 years how much trouble is he in?

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My father hasn’t paid taxes in 6 years how much trouble is he in? As the title says my dad is terrible with finances and is one of the main reasons my parents divorced. My dad is extremely irresponsible but has told me that he needed help finding a tax accountant to help do his taxes and during our conversation told me he hasn’t paid taxes in like 6 or 7 years. He doesn’t paying mind any taxes that he owes and…

Reddit Personal Finance 145 2023-08-12

Father passed, has 401k that goes to my mother, question about disbursements & rollover

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Father passed, has 401k that goes to my mother, question about disbursements & rollover My father recently passed back in late June 2023. We’ve got just about everything figured out with the exception of his 401k. He had approximately $450,000 in the 401k. He was 75 when he passed and was receiving annual disbursements even though he didn’t need the cash. Same situation as my mother. They were also married at the time of his passin…

Reddit Personal Finance 258 2023-08-06

Father Approaching Retirement with Little Savings

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Father Approaching Retirement with Little Savings Hi all – I’m sure this question comes up a lot but am just looking for initial steps and how I can best help. My Dad (68) lives alone in Central Florida. He lives in a house that is probably worth $450-$500k. He works a physical maintenance job that keeps him on the road a lot, but that job is increasingly taking a physical toll on him. He’s fat…

Reddit Personal Finance 229 2023-07-31

“Loaning” money to father?

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“Loaning” money to father? So, we just recently paid off our house and cars this past year and are almost debt free minus one credit card and owing a little to the IRS. Ever since paying the house and cars off about 6 months ago it seems like everything has been happening to where we are saving less than before. Car repairs, replaced a fallen down fence, plumbing, propert…

Reddit Personal Finance 299 2023-07-27

Father died. Want to use life insurance payout to set Mom up for retirement.

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Father died. Want to use life insurance payout to set Mom up for retirement. Since it isn’t earned income, it can’t be rolled over to an IRA. Without giving out too many specifics, the amount is over $100,000 and she is in her mid 50s. She has no other retirement savings. What investment options are there and what are the pros/cons to each? Would it be worth contacting a financial advisor? Thanks in advance. submitt…

Reddit Personal Finance 221 2023-07-27

My father passed when I was 6 and my mom did not do anything for the Estate.

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My father passed when I was 6 and my mom did not do anything for the Estate. My father passed when I was 6 years old in 2008 without a will. My mom never did anything with any of his accounts. I’m 21 now and I found unclaimed funds which prompted me to go searching into what other money he could have left. Problem is, my mom is kind of crazy and swears up and down that all of his money was stolen from us when he passed a…

Reddit Personal Finance 150 2023-07-22

My 66 year old father has barely any teeth

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My 66 year old father has barely any teeth It’s been decades since he had a dental exam. He’s 66 this year, and has Blue across Blue Shield Medicaid but that insurance doesn’t cover Dental I believe. I checked his coverage VIA BCBS app, the dental category is not check-marked, so not covered. It’s only for prescriptions, health saving account, and other healthcare rather than dental. I …

Reddit Personal Finance 250 2023-07-17

My father left me a UTMA but the account cannot be found.

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My father left me a UTMA but the account cannot be found. My father left me stock shares in the form of a UTMA under American Express Financial Advisors (now known as Ameriprise) almost 20 years ago, when I was still a child. I have a statement showing the account number and everything, but even the very helpful Ameriprise customer service representative couldn’t locate the account. What should be my n…

Reddit Personal Finance 191 2023-07-15