Daughter(18), a UK citizen and no insurance in the US, had to have emergency surgery in the while visiting her mother and I in the states. - What do I do about the crazy amount of bills that are all in her name? It’s at about 50k right now, but ... See More they are continually coming in. We can’t afford to pay them off for her.

Buddy moved out. He asked if I wanted a room for 650$.. I started a new job, need advice. - Hey Reddit! So I got a new job making 25$ an hour.. I’m 22 years old. My friend who I’ve known for a longggg time.. (he basically calls me his ... See More brother) asked me to move out as he has bought his a mortgage approved on the house and he asked me to move in with him. He offered me a room to stay for 650$. I have 3K saved up, I paid my car off and the only thing I have left is credit card debt (but only 200$ worth)

Should I take the leap?

(And also I stay at my moms house and I split the room with my younger brother)

edit: I deadass did not expect for this to blow up overnight, will get to the comments when I’m not busy.

SAHM and retirement - Am I missing something? - I (62F) see a lot of posts here as people struggle to figure out if they can afford to stay at home with the kids. I am also recently retired and subscribe to various retirement subreddits and Facebook groups. Some posts ... See More there are heartbreaking: A woman in her 50's loses her husband to death or divorce and suddenly finds herself impoverished as she approaches what were supposed to be the golden years.

It feels like a disconnect. Perhaps I erred on the side of caution perhaps brought on by poverty in my youth, but throughout my working career I had my eye on retirement and I guarded that incredibly closely; for example, in my divorce I gave up the house and the car so that I could keep my retirement intact.

For the stay-at-home parents out there: Is retirement and social security entering your computations? Maybe this post is really a pleading one, especially for women, to please look at what your years outside the workforce will do to your eventual retirement savings. Being on this side of the equation and recently retired, it can be huge.

It would be great if our country (US) did a better job with child care and also addressing stay-at-home parents' retirement accounts, but we're sure not there yet.

My sibling defaulted on student loans and now my parents owe $60k, destroying their plans of retirement. - My sibling always seemed to be responsible so this came as a shock. My dad co-signed the college application, and he’s been getting calls and letters from the bank for months, if ... See More not a year, but my sibling always said that they were taking care of the payments. They were just a month behind, a late payment, etc.. My parents were always told that it would be taken care of and they didn’t have to worry.

My parents tried to apply for a small loan to fix their driveway and they were denied. That’s how they found out. My dad’s credit is shot and they are in debt. They had no idea.

Turns out my sibling spends all of their time high, buying weed and edibles. They’re blowing money on tattoos and traveling. Impulse purchases and bad decisions. They put “fun money” before paying the bills. They and their spouse bought brand new cars which got repoed. They’re losing their house and everything they own. At least that’s what they say, but on Facebook they post their travels and go to festivals.

Now my parents owe the bank $60k+. The bank won’t settle and payments are $700/month. My dad was going to retire in a few years. They were working on fixing up the house and their plans of that are shot. They’ve struggled for years and finally got to a good place within the last 10 years.

My parents have tried to reach out to my sibling and they’ve heard nothing. My sibling told my parents that they won’t help pay the student loans before going no contact. My parents said that they wish my sibling had come to them when they were struggling so they could’ve figured out a plan.

I don’t think there’s any way of fixing this situation…. Does anyone else have advice?

[US] Just received 16 letters from the IRS addressed to 16 different people with my address. Any advice besides marking "not at this address"? - In the spring I received about 5 letters addressed to different individuals, and after a quick call to the IRS, they simply said to send ... See More them back. Now we're up to 16 letters. Just keep marking them "not at this address" and send them back, or is there anything else to be done? Does this mean anything for my own taxes? Thanks in advance.

Edit: Thanks everyone, got a lot of options from the simple to the complex.

Edit 2: My credit reports and ssa records look fine. Already using the identity protection pin with the IRS for filing. I'll call the local IRS office tomorrow. Thanks again!

Dad still claims me on his taxes - I’m 21 - Hi guys! The other day I (21F) was talking about money with my coworker and we were talking about the stimulus checks that were given out during Covid. I mentioned that I never got any of the stimulus checks ... See More because my dad still claims me on his taxes. She was shocked and said that was ridiculous and I’d need to change that right away.

For context: I still live at home bc I am a student and can’t afford to move out yet even with a full time job. I do not pay for any insurance, but I pay for everything else. Additionally, I’m saving up for a car and once I can buy one it’s going to be in my name and I’ll be paying the insurance for it.

I asked my dad to explain why he still claims me on his taxes (bc I don’t know anything about taxes and I was curious) and he got defensive and said: are you 25? To which I replied no. Then he said: that’s why. Not much of an explanation

Also, my dad still claims my older sister who is 24. She lives on her own, has a full time job, pays for her phone, and has a car in her name that she pays entirely for.

Can someone explain the basics of tax claims to me and if it’s good that my dad still claims me and my sister or if it’s bad. Thanks!

Brother got offered a $90 a hour job as a web developer. Too good to be true? - He told me on the way to the gym and he showed me the email which stated they would give him a check to buy the items required to work remotely. He ... See More was excited but skeptical and so was I but I congratulated him. He’s been studying for maybe 2-3 years so to get this job is a big accomplishment for him but I’m worried it’s too good to be true. He said the company seemed real and also that he found the job on linked.

Any additional info needed, I’ll do my best to find it I’m just worried for him.

Employer missed spouses short term disability payments and is asking for money back from makeup payments. - My spouse was out of work for about 2 months on short term disability over the summer. During that time her employer didn't pay her for an entire month. This was after the ... See More waiting period ended. Later after looking at bank deposits we communicated with the disability insurance company and they made what appeared to be makeup payments. Now her employer is telling her that they overpaid and we need to pay them back 1000.00+.
It seems that the makeup payments worked out to the correct amount to cover the 4 weeks previously missed. How do we determine what if anything is owed back to the employer?

Edit 1: My spouses short term disability insurance is provided by her employer.
When she was out, she recieved no payments directly from an insurance company, only from her employer.
She recieved pay for the first two pay periods after her short term disability started, then no pay for two pay periods, then some pay again. Also worth noting, we contacted the insurance company when we saw a gap in payment.

If you’re contributing to retirement accounts you are not living “paycheck to paycheck” - Was talking to a guy who said he lives “paycheck to paycheck” and later revealed he maxes his Roth IRA and his employer match on his 401k. I’m sorry but that does not count as “paycheck ... See More to paycheck”. Just because you have every dollar allocated out of your bank account at the end of the pay period doesn’t mean you’re PC2PC if half of that allocation is going to a variety of savings accounts. Makes me question the accuracy of all those poll questions. Am I wrong here?

Someone transferred more than $64k from my mom's checking account to a stock company. What exactly should we do? - Hi, this morning my mom was checking her Bank of America app to see if she received a deposit she was expecting but she saw that there was a transaction ... See More from yesterday that totaled more than $64k to a stock company called "TD AMERITRADE DES". She has never heard of this company nor knows anything about stocks/investing, so this was definitely not her. Also, this is an incredible amount of money and is more than half of her total savings. She immediately called customer service and spoke to someone in Spanish (English is not her first language) who told her they would freeze her checking account (not savings) and they will investigate the fraud. She also told her that there was nothing she should be doing but since this is basically my mom's life savings, I think it would be crazy not to. My mom asked her why she didn't receive any alert for this transaction since it's a huge amount and the rep had the audacity to tell her "You have the app on your phone? You can check your transactions yourself". This all just happened and my mom is an absolute mess right now and I want to do everything I can to help make sure she gets her money back asap. What exactly should we do next?

EDIT: Wanted to add that she did in fact set up alerts and her other accounts (savings, credit, and debit) still have their alerts on. It was just the checking that seems to have alerts disabled which she didn’t realize until today.

Also, should we file a police report?

EDIT 2: Thank you to everyone who offered advice! I called back BofA to make sure we had the investigation/case #, then called TD Ameritrade to tell them about the situation. Unfortunately, like some of you predicted, they weren't able to confirm anything with me because of security reasons, which I understand. However, they did search if there was any account with my mom's name and zip code or SSN and they told me there wasn't. This was what I was expecting anyway, since on the transaction there is a name there and she doesn't have any association with TD.

Since they couldn't really say if there was/wasn't an account with the information I gave them, I don't know if it's flagged for fraud or anything like that. I stressed to them that I wanted them to prevent that account from being able to do any more damage, so hopefully they understand.

We also did file a police report, changed her passwords to everything, made sure she had 2FA, transferred her money to another account, canceled her cards, documented everything ourselves and we should be getting complete documentation of everything happening from her bank in the mail. A lot of people mentioned filing a complaint with CFPB but I'm not sure if we should do that now or if a few days go by without any action or notification.

Other than that, I think we've done most of the things people suggested we do in this situation and like some said, we now need to wait and let the bank handle/investigate it. The people I did speak with yesterday said it was likely she'd get her money back but we won't believe that until we see it. Thank you again to everyone who gave helpful advice!!

Some random sent me $700 on Zelle. What do I do ? - Do I call my bank ? Do I just let the money sit there ?

My husband was just fired. What should we do next? - My husband was just fired from his job about 4 hours ago for attendance issues.

To make a long story short, we had our first baby in April and it's been rocky. I suffered from bad PPD and we don't ... See More have a support system here. He took off 2 weeks for paternity leave, then periodically would use his PTO for doctor appointments, etc. His boss wasn't happy and gave him a final warning last month about his absences, and then my husband voluntarily switched to part time (I WFH, full-time, very demanding legal job).

Wednesday night at 1am we had to take our cat to the emergency 24/7 vet. Didn't get home until nearly 4am. Husband works at 7am. He told his boss, who said it was fine, then today he was fired for attendance.

I've already taken the following steps:

\- student loan IDR recalculation

\- canceled all subscriptions, e.g. Netflix

\- looked into WIC (we now qualify, I have an appointment in two weeks)

I'm assuming he doesn't qualify for unemployment since he was terminated for cause.

We have about $2000 in our emergency fund. I make $65k salary, which translates to $1700ish every two weeks. Our expenses are $900 rent, $350 car insurance, $80 renters insurance, $80 internet, $80 cell phone bill, $70 pet insurance, $70 medical bills, $200 his car loan. When student loans kick back in, I currently am set to pay $270 a month, but I just put in for that to be recalculated.

I use YNAB religiously. I'm hoping he gets a job quick, but neither of us have been fired before and I don't know how to handle the situation when it comes up in interviews.

Is there anything else we should be doing or anything else I missed?

Thank you for your time.

**EDIT:** I'm getting a lot of comments, and frankly that's overwhelming. I'm grateful for all the comments - helpful or otherwise - and I may not have replied but I read every single comment. To repeat a couple things I've said in the comments:

* His ex-employer was less than 50 people. He did not qualify for FMLA.
* The two weeks paternity leave was company policy, not FMLA.
* My husband chose to attend baby's doctor appointments, her radiology appointments and her procedures. I was at every one of these appointments. I did not make him go. I did not twist his arm and force him to go. He chose to go to these appointments.
* Yes my car insurance rate is higher than Snoop Dogg. I live in Michigan. I am shopping around for better rates.
* I do not pay utilities. I am in a house, not an apartment. I just pay rent, to my mother-in-law, who owns the home. She pays for all utilities.
* I am still waiting for the claim to process from the emergency vet, so I do not know how much I'm getting back from pet insurance.
* My car is a 2017 Ford Fusion, he has a 2016 Ford Focus.
* We did not both go to the vet. I worded it poorly and I'm sorry for the confusion. He took the cat to the vet because he was able to catch her, and I was a blubbering, emotional mess and was scared to drive in my emotional state. I stayed at home with baby.
* He is applying for unemployment anyway. Worth a shot.

Wife passed, left horrible financial situation. Need advice. - Hey folks,

Throw away, of course. I'm 38m, active duty military. For the past 10 years, my wife has been in charge of all the financials. She had a general power of attorney so she could handle things while I was deployed ... See More multiple times. I rarely spend/spent a lot of money, and would just ask if a purchase was "ok". I stress easily and was happy to let her handle everything.

My wife passed away, unexpectedly, last month. This leaves me and my 11 year old, special needs, child at home. After a month, I have finally been able to piece together the nightmare that is the financial situation she left me. I'm torn between grief and anger at this point. Bottom lines:

~29k in credit card dept (3 cards, all maxed)
~12k in unsecured debt (3 personal loans with our bank and 3 loans through Affirm)
2 cars, selling hers next week, around 8k left on mine.
~560k left on mortgage, home worth around 700k

I went to NFCU this afternoon to discuss options. Bottom line was two fold. Consolidation loan wont work, she tanked both of our credit scores and we just won't qualify. Home equity wont work, as our current 3% rate will spike to at least 7% with the current rates and my credit score.

Not to mention I no longer have her income.

Not sure what to do, or even what direction to look in. More then happy to provide more details if anybody can offer advice.

$45,000 in debt and considering claiming bankruptcy. - As the title says, I am $45,000 in debt. $22,000 towards my car, and $23,000 spread across (mostly) credit cards and some previous debt-consolidating personal loans.


This is not including my current expenses, like rent, gas, groceries, and insurances.


After fleeing to ... See More Oregon, I have been moving backwards with every pay period. The tax burden is so high, with a job market so saturated, that I have not been able to make a livable wage. Let alone enough to leave the state. It’s suffocating. My credit score has went from 750 to 575.


The fantasy of only having to pay my current expenses, combined with having money to throw into savings rather than credit card bills, is intoxicating. It almost sounds worth the ten years of being in my report.


Is this a sure-fire way to ruin the next decade of my adult life?




Some things that may be worth mentioning:


I have 100% payment history since having started building my credit


I don’t intend on buying land within my ten-year plan. Or assuming any assets, to be honest.


I have reached a point of facing an eviction notice, with my utilities being turned off at the end of the month if no payment is received. I just had to get help from a friend to buy me pet food.


Thank you for your time.

Edit:

Added this in a comment, but may be easier to see in the body-


I have 11 credit cards. On average, my minimums are about $50. Some are $25, some are $180.


My car insurance is $240/mo (recent speeding ticket as well as a 60% fault accident)


One personal loan is $200/mo, another is $300/mo.


Car loan is $360/mo.


Pretty embarrassed of all of this, and wouldn’t ever say any of this to people who know me. Thank you for taking the time.


My goals are to save with minimal spending. Assuming I have no debt, after obligatory expenses, I would like to save at least $300/mo. I don’t want to spend more than $75-100 on leisurely things. I don’t know how attainable that is as I’m not too sure what the financial situation would totally look like.




In regards to my partner’s contribution- they contribute to half of the rent, utilities, and groceries. They actually have been paying for all of our internet as of late.


Thank you for all of the different perspectives. There have been many options laid out, and I’m looking forward to processing them when I’m home tonight.

The company I work for is going bankrupt. What should I expect? - I work for a large retailer that is going bankrupt. I currently make about 200k and I am not able to find another job that pays this well, so I am staying for the time being. Leadership ... See More says that the bankruptcy is just a rumor, but WSJ implies BK will be filed this week.

The company pays out 401k matching funds each year in March. I have already maxed out my 401k for this year. What are the chances I will get the matching funds in March if I continue to work there? Will the bankruptcy allow them to skip the 401k matching that I was promised?

Also, I've never had to file for unemployment before. Is there anything I can do proactively to make sure filing for unemployment goes smoothly?