I'll double check and then give it until tomorrow. Thanks!
Search found 136 matches
- Wed Oct 11, 2023 9:38 pm
- Forum: Personal Finance (Not Investing)
- Topic: Arithmetic error in credit card statement
- Replies: 33
- Views: 4058
- Wed Oct 11, 2023 9:38 pm
- Forum: Personal Finance (Not Investing)
- Topic: Arithmetic error in credit card statement
- Replies: 33
- Views: 4058
Re: Arithmetic error in credit card statement
I thought so, but I have checked every transaction. The math just doesn't add up! I will certainly call them tomorrow if the error isn't resolved overnight.cheese_breath wrote: ↑Wed Oct 11, 2023 9:14 pm Just call them and get it resolved. Have you considered the possibility that someone else might have charged something to your credit card?
- Wed Oct 11, 2023 9:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: Arithmetic error in credit card statement
- Replies: 33
- Views: 4058
Arithmetic error in credit card statement
Dear Bogleheads, I think I've found an arithmetic error in my credit card transaction history. Several times per month, I pay my credit card down to exactly 0. Before I do, I add up all the posted transactions since my last payment. These have always summed to the "current balance," as they must. My last payment was October 4th, and I summed all my posted transactions from then until today. For the first time, the sum of the posted transactions was not the current balance. The current balance is $172.59 higher than the sum of my transactions. I've done the arithmetic by hand, with a calculator, and a spreadsheet. I've gotten the same answer. There was no balance from the last statement, no fees, no interest, etc. Just purchases, p...
- Thu Aug 17, 2023 10:04 am
- Forum: Personal Investments
- Topic: Max Employee Contribution
- Replies: 6
- Views: 807
Re: Max Employee Contribution
Thank you both!
- Wed Aug 16, 2023 9:13 pm
- Forum: Personal Investments
- Topic: Max Employee Contribution
- Replies: 6
- Views: 807
Max Employee Contribution
AFAF:
A friend has recently gotten a management role in a governmental position. He has has access to both a 403(b) and 457(b) account; he also is required to participate in a pension. He wants to do the following contributions:
Req'd pension: 12,540 (11%)
457+403 max is 22500*2=45000
Roth IRA: 6500.
His gross is $114k.
He lives a very frugal lifestyle and can afford to invest this much, but we aren't sure if he can contribute to all 4 retirement accounts, or if there is some sort of cumulative maximum that he must avoid. He does not get an employer match.
Can he do all of this?
A friend has recently gotten a management role in a governmental position. He has has access to both a 403(b) and 457(b) account; he also is required to participate in a pension. He wants to do the following contributions:
Req'd pension: 12,540 (11%)
457+403 max is 22500*2=45000
Roth IRA: 6500.
His gross is $114k.
He lives a very frugal lifestyle and can afford to invest this much, but we aren't sure if he can contribute to all 4 retirement accounts, or if there is some sort of cumulative maximum that he must avoid. He does not get an employer match.
Can he do all of this?
- Fri Jul 14, 2023 11:06 am
- Forum: Personal Finance (Not Investing)
- Topic: Long-lost tax refund check found
- Replies: 5
- Views: 1188
Re: Long-lost tax refund check found
Because the IRS has a very low rate of answering phone calls. They also have a one-month-old and are too busy. Otherwise I would have just advised them to roll the dice on the IRS customer service.
- Wed Jul 12, 2023 12:28 am
- Forum: Personal Finance (Not Investing)
- Topic: Long-lost tax refund check found
- Replies: 5
- Views: 1188
Re: Long-lost tax refund check found
Thank you!
- Sun Jul 09, 2023 7:23 pm
- Forum: Personal Finance (Not Investing)
- Topic: Long-lost tax refund check found
- Replies: 5
- Views: 1188
Long-lost tax refund check found
Hi all,
A friend of mine just found a tax refund check from 2016 and the check itself is long void. He asked me for help, but I'm not sure what to do. The refund trace option through the app appears only to go back to 2020. Is there any hope that the money is still available without having to call?
My friend was filing head of household. The refund amount is about a grand.
A friend of mine just found a tax refund check from 2016 and the check itself is long void. He asked me for help, but I'm not sure what to do. The refund trace option through the app appears only to go back to 2020. Is there any hope that the money is still available without having to call?
My friend was filing head of household. The refund amount is about a grand.
- Tue Mar 14, 2023 6:21 pm
- Forum: Personal Finance (Not Investing)
- Topic: SEP-IRA Unexpected Contribution
- Replies: 3
- Views: 376
Re: SEP-IRA Unexpected Contribution
Thanks so much! For ease of account management, can he roll this over into a traditional IRA?
- Mon Mar 13, 2023 10:14 pm
- Forum: Personal Finance (Not Investing)
- Topic: SEP-IRA Unexpected Contribution
- Replies: 3
- Views: 376
SEP-IRA Unexpected Contribution
Hello! I am asking for a friend:
He worked a job in the summer of 2022. The employer sent him a letter indicating that they will pay 15% of his wages into a SEP-IRA. This was not promised or expected, and he is very happy that he is getting some extra for retirement. He has already filed his taxes. Will he need to amend or report anything?
He hasn't gotten the check yet-is there anything else to know?
He worked a job in the summer of 2022. The employer sent him a letter indicating that they will pay 15% of his wages into a SEP-IRA. This was not promised or expected, and he is very happy that he is getting some extra for retirement. He has already filed his taxes. Will he need to amend or report anything?
He hasn't gotten the check yet-is there anything else to know?
- Mon Feb 13, 2023 9:45 pm
- Forum: Personal Finance (Not Investing)
- Topic: Retirement Account Withdrawal
- Replies: 2
- Views: 477
Re: Retirement Account Withdrawal
Thank you!
- Mon Feb 13, 2023 9:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: Retirement Account Withdrawal
- Replies: 2
- Views: 477
Retirement Account Withdrawal
Is there a standard deduction for withdrawals from a retirement plan like there is for earned income while working?
For instance, assume a single 60 year old retiree with no other income than that from his 401(k) in his first full calendar year of retirement. He takes $10,000 out. Since $10,000 is less than the standard deduction ($13,850 for 2023), would he owe tax?
Thanks!
For instance, assume a single 60 year old retiree with no other income than that from his 401(k) in his first full calendar year of retirement. He takes $10,000 out. Since $10,000 is less than the standard deduction ($13,850 for 2023), would he owe tax?
Thanks!
- Sun Jan 01, 2023 4:07 pm
- Forum: Investing - Theory, News & General
- Topic: REGISTRATION FOR THE 2023 BOGLEHEAD CONTEST
- Replies: 672
- Views: 40246
- Sat Dec 10, 2022 7:23 pm
- Forum: Personal Finance (Not Investing)
- Topic: Tax form
- Replies: 6
- Views: 565
- Sat Dec 10, 2022 7:10 pm
- Forum: Personal Finance (Not Investing)
- Topic: Tax form
- Replies: 6
- Views: 565
Re: Tax form
Thanks! @miamivice
- Sat Dec 10, 2022 7:00 pm
- Forum: Personal Finance (Not Investing)
- Topic: Tax form
- Replies: 6
- Views: 565
Tax form
Hi all,
I received some interest from the IRS from a refund check. It was about $2.50. I know this interest is taxable. Which form will the IRS send me and when can I expect it?
Also, for humor's sake, since this amount would fall under the de minimis rule because it's so little, will I get a letter from the IRS saying "Due to de minimis rules this form is not filed with the IRS." like my brokerage sends me?
Thanks again!
I received some interest from the IRS from a refund check. It was about $2.50. I know this interest is taxable. Which form will the IRS send me and when can I expect it?
Also, for humor's sake, since this amount would fall under the de minimis rule because it's so little, will I get a letter from the IRS saying "Due to de minimis rules this form is not filed with the IRS." like my brokerage sends me?
Thanks again!
- Tue Aug 09, 2022 1:17 pm
- Forum: Personal Finance (Not Investing)
- Topic: IRS wants me to call them
- Replies: 13
- Views: 2685
Re: IRS wants me to call them
Thanks so much everyone! I’m going to wait for the letter to come. I forgot that they do that in a moment of anxiety.
- Tue Aug 09, 2022 12:48 pm
- Forum: Personal Finance (Not Investing)
- Topic: IRS wants me to call them
- Replies: 13
- Views: 2685
Re: IRS wants me to call them
Thanks so much! The new message seemed unusual because it hasn’t been 16 weeks and I used to see the 3-part bar (received/processed/approved) and it changed to “call us.”
- Tue Aug 09, 2022 12:42 pm
- Forum: Personal Finance (Not Investing)
- Topic: IRS wants me to call them
- Replies: 13
- Views: 2685
IRS wants me to call them
Hi there,
I filed an amended return on paper. I logged in to the Where’s My Amended Return page. It said that it hadn’t been processed but that they want me to call. Why might that be?
I don’t really have time to wait for the 1% chance they’ll pick up. Does anyone know why they’d want me to call them before they’ve even processed it.
I filed an amended return on paper. I logged in to the Where’s My Amended Return page. It said that it hadn’t been processed but that they want me to call. Why might that be?
I don’t really have time to wait for the 1% chance they’ll pick up. Does anyone know why they’d want me to call them before they’ve even processed it.
- Sun Dec 26, 2021 4:55 pm
- Forum: Personal Investments
- Topic: Dividend Taxation and Timing
- Replies: 2
- Views: 509
Dividend Taxation and Timing
Hello all,
Quick question about how dividends are taxed in a mildly confusing scenario:
1. I opened a taxable account late this year and
2. I purchased my first lot of a mutual fund that pays a dividend in December and
3. That dividend was paid as expected.
But, the number of days from when I purchased the fund to the due date for 1099-DIVs will be fewer than 61. Must I pay ordinary rates on these dividends? Or can I wait, then request a new form that shows that the dividends became qualified once the 61 day holding period has been met?
Thanks!
Andrew
Quick question about how dividends are taxed in a mildly confusing scenario:
1. I opened a taxable account late this year and
2. I purchased my first lot of a mutual fund that pays a dividend in December and
3. That dividend was paid as expected.
But, the number of days from when I purchased the fund to the due date for 1099-DIVs will be fewer than 61. Must I pay ordinary rates on these dividends? Or can I wait, then request a new form that shows that the dividends became qualified once the 61 day holding period has been met?
Thanks!
Andrew
- Thu Aug 12, 2021 9:43 am
- Forum: Personal Investments
- Topic: HSA Eligibility Question
- Replies: 4
- Views: 672
Re: HSA Eligibility Question
Thank you both! It seems like the answer is no, but I'll double check with HR to be sure. Thanks again!
- Tue Aug 10, 2021 4:45 pm
- Forum: Personal Investments
- Topic: HSA Eligibility Question
- Replies: 4
- Views: 672
HSA Eligibility Question
Hi Bogleheads, I have a question about whether or not I am eligible for an HSA because I am unsure which of my deductibles counts for the minimum deductible of $1,400. My plan, a BCBS HMO, lists two deductibles. There is a $500 deductible "per member per plan year for Standard Benefits Tier hospital services only (counts toward Basic Benefits Tier deductible)" and then a $2,000 deductible "per member per plan year for Basic Benefits Tier hospital services only (counts toward Standard Benefits Tier deductible)." I understand that if the $500 deductible is the one that counts then I am ineligible, but if the $2,000 one counts then I am. Please let me know if I am eligible, or if I need to provide any further information. I...
- Tue Apr 07, 2020 7:42 pm
- Forum: Personal Finance (Not Investing)
- Topic: Government Pension Offset
- Replies: 4
- Views: 755
Government Pension Offset
Hello,
After reading a few previous threads and the SS factsheet, I was wondering about my private employment and my future pension. My future government pension will almost certainly bring my SS benefit down to 0 because of the GPO. What happens to the money I previously contributed to Social Security from private employment from 2009-2017? Do I have any claim to get it back because I contributed in but get nothing back?
After reading a few previous threads and the SS factsheet, I was wondering about my private employment and my future pension. My future government pension will almost certainly bring my SS benefit down to 0 because of the GPO. What happens to the money I previously contributed to Social Security from private employment from 2009-2017? Do I have any claim to get it back because I contributed in but get nothing back?
- Thu Mar 26, 2020 5:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: Credit Karma Amended Return
- Replies: 0
- Views: 187
Credit Karma Amended Return
Hello all, Please forgive me for another technical post. Problem with W-2: I have received new W-2s because the payroll company made an error in them. It appears to only affect my state return because it relates specifically to a retirement deduction for the state system. The Feds give the deduction no matter what, so I don't have to change anything, or so their email seems to suggest. The retirement system is the MTRS, the Massachusetts Teacher Retirement System. The payroll company put my MTRS contribution in box 12, but they should be in box 14, and therefore "should not be deducted from state taxable wages." The email continues to say "Although you are allowed a retirement deduction on your state income tax return, it is ...
- Sun Feb 09, 2020 6:30 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fun Side Income in Retirement?
- Replies: 50
- Views: 4924
Re: Fun Side Income in Retirement?
Older members of my family do arts and crafts, like selling candles at flea markets.
- Sat Feb 08, 2020 9:03 am
- Forum: Personal Investments
- Topic: Are there any great bank bonuses for EF money?
- Replies: 4
- Views: 526
Re: Are there any great bank bonuses for EF money?
I ue everybankbonus.com They have a state filter, which is useful. It's updated regularly, and about 90% accurate. There are some expired offers on the site, and you'll occasionally find one for the wrong state. On the whole, though, it's been very good and I've gotten about a grand using them.
- Fri Feb 07, 2020 6:34 pm
- Forum: Investing - Theory, News & General
- Topic: What is the highest expense ratio you willingly pay?
- Replies: 177
- Views: 19800
Re: What is the highest expense ratio you willingly pay?
I wouldn't ever pay more than 10 bp. The highest I've paid is 7 bp for FSRNX, the Fidelity real estate index fund.
- Sun Feb 02, 2020 8:26 am
- Forum: Personal Finance (Not Investing)
- Topic: MA Tax Return-language question
- Replies: 6
- Views: 792
Re: MA Tax Return-language question
I know Roth conversions are taxable here (I have no cost basis) so I included it because there was no other place to put it. It appears on line 9 of my state tax return, and also in schedule x, where such things go. I *think* I got it right. Okay, I took a look at your Form 1 instructions and your Schedule X. On page 10 of the instructions it states: "Rollover from a traditional IRA to a Roth IRA. Taxpayers are allowed to make partial or complete rollovers from existing IRAs to Roth IRAs. Any taxable portion of these rollovers included in federal gross income is also included in Massachusetts gross income, except for amounts previously subject to Massachusetts personal income tax. See Schedule X, line 2 instructions for further detail...
- Sun Feb 02, 2020 8:26 am
- Forum: Personal Finance (Not Investing)
- Topic: MA Tax Return-language question
- Replies: 6
- Views: 792
Re: MA Tax Return-language question
Thanks to you! When I read my MA tax return, it said my income was my W-2 income on line 3 (the same number that is the sum of my two W-2 forms and that appears on line 1 of my 2019 1040). I know Roth conversions are taxable here (I have no cost basis) so I included it because there was no other place to put it. It appears on line 9 of my state tax return, and also in schedule x, where such things go. I *think* I got it right. Are you sure you have no cost basis in your TIRA? If you made regular IRA contributions in MA, they are all non deductible and you have to track these amounts separately for MA worksheet purposes. Moreover, your MA IRA cost basis is recovered FIRST when you take a distribution or do a Roth conversion, not pro rata su...
- Fri Jan 31, 2020 7:31 pm
- Forum: Personal Finance (Not Investing)
- Topic: MA Tax Return-language question
- Replies: 6
- Views: 792
Re: MA Tax Return-language question
Thanks to you!
When I read my MA tax return, it said my income was my W-2 income on line 3 (the same number that is the sum of my two W-2 forms and that appears on line 1 of my 2019 1040). I know Roth conversions are taxable here (I have no cost basis) so I included it because there was no other place to put it. It appears on line 9 of my state tax return, and also in schedule x, where such things go. I *think* I got it right.
When I read my MA tax return, it said my income was my W-2 income on line 3 (the same number that is the sum of my two W-2 forms and that appears on line 1 of my 2019 1040). I know Roth conversions are taxable here (I have no cost basis) so I included it because there was no other place to put it. It appears on line 9 of my state tax return, and also in schedule x, where such things go. I *think* I got it right.
- Fri Jan 31, 2020 4:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: MA Tax Return-language question
- Replies: 6
- Views: 792
MA Tax Return-language question
Hi All,
I am filling in my MA tax return through CK.
"Total IRA/Keogh plan distributions, qualified charitable IRA distributions, Roth IRA conversion distributions received during 2019:" Do I put my Roth conversion here? It sounds stupid to ask, but is the act of doing a Roth conversion a "Roth conversion distribution"? I also thought it was also included in my federal return, so I want to make sure I am not double taxed. Google and the DOR website were not of help.
Thanks!
Andrew
I am filling in my MA tax return through CK.
"Total IRA/Keogh plan distributions, qualified charitable IRA distributions, Roth IRA conversion distributions received during 2019:" Do I put my Roth conversion here? It sounds stupid to ask, but is the act of doing a Roth conversion a "Roth conversion distribution"? I also thought it was also included in my federal return, so I want to make sure I am not double taxed. Google and the DOR website were not of help.
Thanks!
Andrew
- Sat Jan 25, 2020 7:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inputting Roth Conversion Into CK Tax
- Replies: 14
- Views: 2733
Re: Inputting Roth Conversion Into CK Tax
Hi all,
Thank you for sharing your knowledge. I appreciate it. Once I get the rest of my tax forms this week or next, I may post again to confirm that my line 4 is correct. It really helps a lot-this is something I want to mess up!
Andrew
Thank you for sharing your knowledge. I appreciate it. Once I get the rest of my tax forms this week or next, I may post again to confirm that my line 4 is correct. It really helps a lot-this is something I want to mess up!
Andrew
- Thu Jan 16, 2020 8:34 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inputting Roth Conversion Into CK Tax
- Replies: 14
- Views: 2733
Re: Inputting Roth Conversion Into CK Tax
Thanks again! I'll make sure to check lines 4a and 4b on the 1040 to see that they are 3665. If the end result is right, that is what matters.
Andrew
Andrew
- Thu Jan 16, 2020 7:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inputting Roth Conversion Into CK Tax
- Replies: 14
- Views: 2733
Re: Inputting Roth Conversion Into CK Tax
On box 2a of my 1099-r, the taxable amount is listed as $3,665. That's what I inputted into the software. Several questions later, it told me to subtract the rolled over amount from box 2a. Since I rolled over the entire thing, I changed box 2a to 0 , and put $3,665 into the question about "Rollovers or Conversions to Qualified Roth IRAs." Subtract does not mean change the tax form box 2a to 0. I use TurboTax and have never heard of CK Tax so can’t help with that. Cheers Thanks for your reply! Here is the exact guidance that CK tax gave at the rollover question, for anyone else who might use this software: "The issuer of your 1099-R is instructed to put the taxable amount in box 2a. However, if they do not know that you roll...
- Thu Jan 16, 2020 6:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inputting Roth Conversion Into CK Tax
- Replies: 14
- Views: 2733
Inputting Roth Conversion Into CK Tax
Hi Bogleheads, I have a complicated question about what to enter where in the tax software. Here's the background: Last year, I rolled over $3,663 from a pre-tax 457(b) at Empower to a rollover IRA at Fidelity. I did a Roth conversion a few days later into my Fidelity Roth IRA. A few weeks later, I converted about $2 again because I earned some interest while the $3663 was sitting in cash. The rollover IRA is now closed. On box 2a of my 1099-r, the taxable amount is listed as $3,665. That's what I inputted into the software. Several questions later, it told me to subtract the rolled over amount from box 2a. Since I rolled over the entire thing, I changed box 2a to 0, and put $3,665 into the question about "Rollovers or Conversions to Q...
- Sun Jan 12, 2020 10:32 am
- Forum: Personal Investments
- Topic: Minimum for investment fee to be worth it.
- Replies: 7
- Views: 961
Re: Minimum for investment fee to be worth it.
Hi all,
Thanks again for all the advice. I really appreciate it, and will probably put some money into the 403(b) and put some toward large purchases. I want to buy a car this year, and could save a little faster.
Andrew
Thanks again for all the advice. I really appreciate it, and will probably put some money into the 403(b) and put some toward large purchases. I want to buy a car this year, and could save a little faster.
Andrew
- Fri Jan 10, 2020 8:34 pm
- Forum: Personal Investments
- Topic: Minimum for investment fee to be worth it.
- Replies: 7
- Views: 961
Re: Minimum for investment fee to be worth it.
There is not. Good question, I will edit.
- Fri Jan 10, 2020 7:59 pm
- Forum: Personal Investments
- Topic: Minimum for investment fee to be worth it.
- Replies: 7
- Views: 961
Minimum for investment fee to be worth it.
Hi all, Is there a minimum amount of money I should contribute to Vanguard's 403(b) for it to be worth the $5/month fee. I know $60/year isn't much but as a percentage of what I would put in, it is high. I am thinking about $100/month, which makes it $1,200/year. 60 bucks represents 5% of that. Should I ignore the high percentage because I'm just starting this account and $60 isn't that much over a year? Or is there a better way? Notes: Base salary 50k as a teacher, will probably gross 55-56 because of summer school, working over vacations, after school, private tutoring, etc. $5,500 goes into pension fund (11%). I max out a Roth IRA This 403(b) does not have a Roth option. I am not eligible for the MA SMART Plan through Empower Retirement....
- Wed Jan 01, 2020 7:03 pm
- Forum: Investing - Theory, News & General
- Topic: OFFICIAL REGISTRATION FOR THE 2020 BOGLEHEAD CONTEST
- Replies: 688
- Views: 36367
- Mon Dec 02, 2019 12:56 pm
- Forum: Investing - Theory, News & General
- Topic: Can one have too much Roth?
- Replies: 265
- Views: 32104
Re: Can one have too much Roth?
The downside of having too much Roth is that you may have paid too much in tax to get it. That's the issue. Too much Roth means that you paid $2 today to save $1 in taxes in the future, for instance. I'm particularly interested in millennials - younger investors - who today are still in relatively low tax brackets. They would be paying the taxes to get into Roths now at a lower rate than they will likely be in 10 or 20 years from now. For millennials, they may have 30 years of investing before they retire. Packing their Roths now, and perhaps then continuing to convert tIRAs to Roths over the years - and they will end up with a giant Roth. Any downside? Any downside to having a giant Roth and a smaller pre-tax account heading into retireme...
- Sat Nov 23, 2019 9:54 pm
- Forum: Personal Finance (Not Investing)
- Topic: Are complicated credit card cash back strategies worth it?
- Replies: 131
- Views: 30565
Re: Are complicated credit card cash back strategies worth it?
In some cases, it is worth the hassle. Chase has 3 offers for $200 cash back by spending $500 in 3 months when you apply though Chase's website.
Chase freedom unlimited-that offer plus 1.5%.
Chase freedom-that offer plus 1%.
Chase Disney something or other-the same $200, but it comes with a $49 fee. You might get it waived or cancel before it is charged, but even so, you'd be up $151.
They also have an AARP card with has $100 back after spending $500 in 3 months. Any or several of those cards might be worth it.
Obviously read the T&C-you can't currently have the card, gotten a bonus recently (they're all slightly different and may have changed since I read them).
Andrew
Chase freedom unlimited-that offer plus 1.5%.
Chase freedom-that offer plus 1%.
Chase Disney something or other-the same $200, but it comes with a $49 fee. You might get it waived or cancel before it is charged, but even so, you'd be up $151.
They also have an AARP card with has $100 back after spending $500 in 3 months. Any or several of those cards might be worth it.
Obviously read the T&C-you can't currently have the card, gotten a bonus recently (they're all slightly different and may have changed since I read them).
Andrew
- Sun Nov 17, 2019 8:57 pm
- Forum: Personal Consumer Issues
- Topic: What Book Are You Currently Reading? Part VI
- Replies: 7638
- Views: 1713002
Re: What Book Are You Currently Reading? Part VI
I finished reading "America's Bank" by Roger Lowenstein. It includes a brief history of US money and national banks, then spends most of its pages giving a history of how the federal reserve came to be.
I learned about how scrip was used in financial panics, and that the idea of a government-issued note was controversial. I never realized private banks issued notes that could be used as money or the complicated operation that clearing a check used to require.
I learned about how scrip was used in financial panics, and that the idea of a government-issued note was controversial. I never realized private banks issued notes that could be used as money or the complicated operation that clearing a check used to require.
- Sat Oct 05, 2019 11:23 am
- Forum: Personal Investments
- Topic: Pension Statement Delay
- Replies: 2
- Views: 368
Pension Statement Delay
Hello all,
I've noticed in the 9 weeks I have been at my new job, my pension contributions have not been reflected in statements. I inquired and they told me there is a normal auditing process. Should I be concerned that it takes more than 2 months for a paycheck contribution to appear in my pension account? I already am!
I've noticed in the 9 weeks I have been at my new job, my pension contributions have not been reflected in statements. I inquired and they told me there is a normal auditing process. Should I be concerned that it takes more than 2 months for a paycheck contribution to appear in my pension account? I already am!
- Tue Sep 03, 2019 6:50 pm
- Forum: Investing - Theory, News & General
- Topic: Best of Bogleheads - your #1 takeaway
- Replies: 151
- Views: 17902
Re: Best of Bogleheads - your #1 takeaway
I learned the importance of frugality-I just got a raise, moved down in housing, and now save a minimum of 40% of my gross. Sure, I'm making up for lost time, but I'm happier and wealthier.
Bill Bernstein's admonitions against consumerism in "If You Can" and "The 4 Pillars of Investing" were the starting points, and many Bogleheads agree.
Bill Bernstein's admonitions against consumerism in "If You Can" and "The 4 Pillars of Investing" were the starting points, and many Bogleheads agree.
- Tue Aug 20, 2019 4:08 pm
- Forum: Personal Investments
- Topic: Fidelity REITs
- Replies: 21
- Views: 6709
- Sat Aug 17, 2019 3:38 pm
- Forum: US Chapters
- Topic: Post your Financial Milestone Announcements Here
- Replies: 3606
- Views: 562406
Re: Post your Financial Milestone Announcements Here
Thank you both!
- Fri Aug 16, 2019 6:23 pm
- Forum: US Chapters
- Topic: Post your Financial Milestone Announcements Here
- Replies: 3606
- Views: 562406
Re: Post your Financial Milestone Announcements Here
IRA just passed 10k for the first time ever!
- Sun Aug 11, 2019 4:45 pm
- Forum: Investing - Theory, News & General
- Topic: Fine print rationale
- Replies: 3
- Views: 440
Fine print rationale
Hi all,
I received an ad from Santander bank for a personal loan. In reading the fine print, it said "Personal Loans cannot be used to finance post secondary educational expenses."
Does anyone know why the loan cannot be used to pay for such expenses? If it's a personal loan, I figure that the borrower can use it for what they want.
Andrew
I received an ad from Santander bank for a personal loan. In reading the fine print, it said "Personal Loans cannot be used to finance post secondary educational expenses."
Does anyone know why the loan cannot be used to pay for such expenses? If it's a personal loan, I figure that the borrower can use it for what they want.
Andrew
- Sun Aug 04, 2019 9:52 am
- Forum: Personal Investments
- Topic: P2P lending
- Replies: 5
- Views: 804
Re: P2P lending
Thanks very much to everyone. I appreciate your advice and sharing your experiences. I've decided against it, not only from your feedback, but that this seems to be a "low risk, high reward" pitch and I'm suspicious.
Andrew
Andrew
- Fri Aug 02, 2019 3:24 pm
- Forum: Personal Investments
- Topic: P2P lending
- Replies: 5
- Views: 804
P2P lending
Hi All,
I am considering investing money in P2P lending, and wanted to ask if anyone knew of a database or regulatory framework that might have information about accreditation or compliance. I want to make sure that my money is lent through a creditable platform, but couldn't find a specific regulator or industry standard for further information. I'm specifically curious about myconstant.
I am considering investing money in P2P lending, and wanted to ask if anyone knew of a database or regulatory framework that might have information about accreditation or compliance. I want to make sure that my money is lent through a creditable platform, but couldn't find a specific regulator or industry standard for further information. I'm specifically curious about myconstant.