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BaseballPCHiker posted:I think I am following. Basically start taking the 15% out of my paychecks now and roll into it savings. Gets me use to living off of that amount, and then when I am actually eligible for the program I can start paying myself back from that fund. Then a year from now I actually start making money off of this. Exactly. Get your buffer now, and once you are ready to go you know exactly what you can afford. Once you have rolled through the program for a year you will be playing with a majority of house money. The 2 year thing is a short vs long term taxes play. It is much riskier as you are exposed to an increased concentration of risk in your company. The 0.20% raise assumes flatline stock price. If it goes up you make more, if it goes down you can lose money including your initial investment. You have this same risk with the 6 month hold, just for a shorter window. Remember if your stock price tanking catastrophically could also result in layoffs. You are taking the "double down" bet in blackjack. (But with better odds.)
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Dec 1, 2021 16:40
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how does vanguard work? im confused
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Dec 1, 2021 22:11
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It’s a business, op. They are a brokerage. They are owned by their investors. You give them dollars and they turn it into fractional ownership of companies. You can sell your ownership stake for dollars whenever you want.
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Dec 1, 2021 22:21
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Otis Reddit posted:how does the vanguard app work? im confused Just tweaking this to say not well. Love vanguard, but they have never been great with online poo poo. Works well enough where it isn’t make or break though.
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Dec 1, 2021 22:23
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I posted this in AI, but I would love your thoughts on this as well. I have a company car (2019 Subaru Outback. 4000 miles). I have changed roles in my job and they will either (a) take the car away or (b) let me purchase it for 11k. I live in an urban area and I do not need or want a car. I would be fine with giving the car back, but I’m tempted to buy the car at 11k all cash and re-sell it immediately. Carmax is quoting me 29k. Is this stupid? What am I missing? Is there a better approach? What are the tax implications? Thanks!
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Dec 2, 2021 08:26
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holy gently caress buy that car
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Dec 2, 2021 14:32
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Just buy the car and resell it, you're way overthinking it
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Dec 2, 2021 14:40
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Even if you have to pay taxes, you're still going to be up well over $10k. Why would you not just go for that?
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Dec 2, 2021 14:50
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KYOON GRIFFEY JR posted:holy gently caress buy that car
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Dec 2, 2021 14:54
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My friend, people are paying 11k for 10 year old corollas. Buy the car.
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Dec 2, 2021 15:59
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The only reason but to buy the car and resell it is if you think your bosses might get pissed that you bought a company car and then later don't have a car if one is needed. Financially speaking, buy the car.
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Dec 2, 2021 18:24
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Ask if they'll cut you a check for $8k to not buy the car. That should save everybody some work and is really common in situations like this
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Dec 2, 2021 19:07
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I think I know the answer to this, but worth asking anyway. I am looking to buy a new house and move in the next 6 months. My credit score according to CreditKarma is 794. Is there any massive benefit to getting it up into the 800s and any way to accomplish that in the short term? The only thing I get dinged on is the age of my credit which not much I can do about that. Also anything to avoid in the short term aside from massive spending sprees?
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Dec 2, 2021 20:01
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BaseballPCHiker posted:I think I know the answer to this, but worth asking anyway. CreditKarma is an estimate and really is just a basic guide to your actual credit. "Trying to get my score up" is just being financially responsible and letting it happen. Don't carry balances on credit cards, don't open a bunch of new cards, etc.
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Dec 2, 2021 20:07
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It's not clear that there's any real benefit to increasing your score if it's 780 or higher.
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Dec 2, 2021 20:30
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Medullah posted:CreditKarma is an estimate and really is just a basic guide to your actual credit. "Trying to get my score up" is just being financially responsible and letting it happen. Don't carry balances on credit cards, don't open a bunch of new cards, etc. ultrafilter posted:It's not clear that there's any real benefit to increasing your score if it's 780 or higher. Thanks. Figured as much, just wanted to make sure I am doing all I can these next few months to get myself the cheapest mortgage rate, best deal on home purchase, etc.
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Dec 2, 2021 20:31
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In my experience anything over 740 when it comes to mortgages is the best rate you can get.
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Dec 2, 2021 21:27
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Thanks to everyone for the kick in the rear end and reassurance. It feels like there has to be a catch so I was definitely overthinking it. Looking forward to starting the car paperwork tomorrow!
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Dec 2, 2021 23:44
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In 2022 I will need to get healthcare coverage in the US for the first time in my life. I'll be using the healthcare.gov marketplace and I'm a bit overwhelmed at my options. Any good resources on what I should be looking for?
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Dec 3, 2021 20:27
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Ur Getting Fatter posted:In 2022 I will need to get healthcare coverage in the US for the first time in my life. I'll be using the healthcare.gov marketplace and I'm a bit overwhelmed at my options. Yes, LinkedIn.com. Find a job that provides you with healthcare.
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Dec 3, 2021 22:35
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Ur Getting Fatter posted:In 2022 I will need to get healthcare coverage in the US for the first time in my life. I'll be using the healthcare.gov marketplace and I'm a bit overwhelmed at my options. It gets worse: which state are you in? Some have people who can help you through the process.
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Dec 3, 2021 22:40
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Thanatosian posted:Yes, LinkedIn.com. Find a job that provides you with healthcare. Thanks, gently caress off. H110Hawk posted:It gets worse: which state are you in? Some have people who can help you through the process. Georgia. I’m not TOO worried, I’m in a weird transition state and have savings, so mostly I’m looking at higher deductibles and lower total out of pocket.
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Dec 3, 2021 23:04
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Ur Getting Fatter posted:Thanks, gently caress off. Man, I don't think that was meant as hostile. US Healthcare is hideously expensive and low quality unless (and often even if) you obtain it through work.
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Dec 3, 2021 23:08
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If you end up the the same lovely situation as me where healthcare.gov is prohibitively expensive, but you make too much for any assistance, Christian Healthcare Ministries is the least-awful option I’ve found. It’s not governed as “insurance” so there catches. They won’t cover anything preventative, and won’t cover the results of an “ungodly action.” (were drugs involved?). You can’t really appeal their judgement, which scares me. It’s also weird having to get a referral from a minister that’s the “right kind of Christian” before signing up. That said, it’s cheap and the “deductible” is $500 per incident. 3 years in, they paid for a $30,000 melanoma surgery, a baby delivery and two kidney stones in my house. USA!
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Dec 3, 2021 23:25
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eddiewalker posted:If you end up the the same lovely situation as me where healthcare.gov is prohibitively expensive, but you make too much for any assistance, Christian Healthcare Ministries is the least-awful option I’ve found. Ummm congratulations on your incredible luck I guess, but a lot of these refuse to pay out for literally anything, and are a massive scam. They have no obligation whatsoever to pay out for anything, ever, at all.
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Dec 3, 2021 23:38
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GoGoGadgetChris posted:Man, I don't think that was meant as hostile. US Healthcare is hideously expensive and low quality unless (and often even if) you obtain it through work. I genuinely was not trying to be an rear end in a top hat. There are three kinds of health insurance available on the market in the U.S.: ridiculously loving expensive, terrible, and both ridiculously loving expensive and terrible. It loving sucks, but most insurance you get through an employer is waaaaaayyyy better than anything you'll find on the market. If there's someone you could marry to get on their employer-provided insurance, there's a good chance that that's better, too, even with the downside of a marriage of convenience.
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Dec 3, 2021 23:40
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eddiewalker posted:If you end up the the same lovely situation as me where healthcare.gov is prohibitively expensive, but you make too much for any assistance, Christian Healthcare Ministries is the least-awful option I’ve found. This is terrible advice. I'm glad it worked out for you so far, but.....no. Please do not suggest this to people.
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Dec 3, 2021 23:46
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Yeah, we've recently been talking about those Christian health sharing plans in the Bad With Money thread.
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Dec 4, 2021 00:26
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eddiewalker posted:If you end up the the same lovely situation as me where healthcare.gov is prohibitively expensive, but you make too much for any assistance, Christian Healthcare Ministries is the least-awful option I’ve found. I would not give these people money if you can avoid it. They are part of the problem. I really want to expand but it's immediately D&D. I have probably said too much. Get something off healthcare.gov - even the worst plans will prevent you from literal insolvency in the event you have a huge ER-ICU recovery thing. See if there are local brokers you can go through to help guide you through the process. There are open enrollment periods, literal guesswork at your income for the year, penalties if you get it wrong - including if you manage to get a big unexpected raise, and more. Covered California I know has people who help you through the process, paid by the state, which can get you the least worst options. I don't know if Georgia has the same. If you can, try to find a job that offers you a Kaiser Bronze (or better) plan if that is a thing in your neck of the woods. It's the best of the HMO's.
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Dec 4, 2021 00:27
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If you have a regular doctor, be sure to check if the ACA plans you are looking at are taken by your doctor.
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Dec 4, 2021 01:03
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Being told to "get a job" felt like a cheap shot, but I'll also admit that I'm being a bit over sensitive in the funy computer forum, so no harm done. Thanks everyone for the advice. Yeah, right now I'm mostly looking at not going bankrupt in case of an emergency, I can cover deductibles and co-pays, and I don't have any preexisting conditions. For non emergencies I also have the option of taking a flight back home where healthcare is substantially cheaper than in Hell, USA, but obviously I'd rather not depend on that. I guess I'll call the healthcare.gov line and see if they can set me up with a broker who can go with me through the options.
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Dec 4, 2021 01:47
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eddiewalker posted:If you end up the the same lovely situation as me where healthcare.gov is prohibitively expensive, but you make too much for any assistance, Christian Healthcare Ministries is the least-awful option I’ve found. Do not do this: https://www.youtube.com/watch?v=oFetFqrVBNc Ur Getting Fatter posted:In 2022 I will need to get healthcare coverage in the US for the first time in my life. I'll be using the healthcare.gov marketplace and I'm a bit overwhelmed at my options. My mom uses the healthcare.gov for hers in Ohio. basically...expensive, she makes some money but not a lot so a weird spot. My advice is to avoid going off of healthcare.gov. There are a LOT of scams out there for "insurance".
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Dec 4, 2021 02:22
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Ur Getting Fatter posted:Being told to "get a job" felt like a cheap shot, but I'll also admit that I'm being a bit over sensitive in the funy computer forum, so no harm done. I'm sorry, I shouldn't have been so flippant. It most definitely was not you I was making GBS threads on, it was the American health care system.
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Dec 4, 2021 05:27
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I'm being pushed into changing banks due to a merger, so I'd like to look at other options like online-only banking. Currently I have only a checking account that is primarily used for paycheck direct deposits, ATM withdrawals, and it's linked with my Paypal/Venmo. I keep a balance in the $1x,xxx range in it. I use it to pay my credit cards, and I write maybe half a dozen checks a year. I rarely have to make deposits, and if I do it's not cash. My wife has a separate bank account with a physical location near us. Is there some good no-frills banking for me? I suppose things that are important are ATM access, low/no fees, a good online/mobile app, and potentially the ability to earn some interest (which may involve a savings account).
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Dec 6, 2021 16:41
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Easychair Bootson posted:I'm being pushed into changing banks due to a merger, so I'd like to look at other options like online-only banking. Currently I have only a checking account that is primarily used for paycheck direct deposits, ATM withdrawals, and it's linked with my Paypal/Venmo. I keep a balance in the $1x,xxx range in it. I use it to pay my credit cards, and I write maybe half a dozen checks a year. I rarely have to make deposits, and if I do it's not cash. My wife has a separate bank account with a physical location near us. Personally I go with Ally but I don't use it for the ATM access. I have a savings, a checking for my HOA (keep about 6 months of dues in it), a checking with Venmo that I keep $500-1000 in (personally I would not link Venmo to my pay my bills checking). I believe Ally reimburses $10/mo of ATM fees, none of my accounts have debit or atm cards though. For no cost ATM access Charles Schwab is the way to go if you need to do this often or overseas.
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Dec 6, 2021 18:59
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Easychair Bootson posted:I'm being pushed into changing banks due to a merger, so I'd like to look at other options like online-only banking. Currently I have only a checking account that is primarily used for paycheck direct deposits, ATM withdrawals, and it's linked with my Paypal/Venmo. I keep a balance in the $1x,xxx range in it. I use it to pay my credit cards, and I write maybe half a dozen checks a year. I rarely have to make deposits, and if I do it's not cash. My wife has a separate bank account with a physical location near us. Ally is fine. They refund some amount of atm fees and have a decent network (Allpoint - around me that means Target, Walgreens, some gas stations). Their online check deposit works fine, moving money around is also fine. Support is fine. I don't have a checkbook through them so I can't comment on that. I have a brick and mortar bank for that. Joint accounts work great actually, my wife and I have separate logins to the same account. Biggest win over my prior bank (Capital One 360 / ING Direct) - They support living/revocable trust accounts. Biggest downsides - I don't think they support wiring? I've never tried. No two factor authentication (SMS doesn't count.) Edit: Same as above re: paypal (venmo, paypal) - I have a second checking account that has $100 in it and no overdraft protection. Paypal can gently caress right off. And in old man yells at cloud news - they are starting to push Zelle but I'm not signed up for that. Citi is making it harder and harder to mail people checks but it's still there. Never use Zelle. It's paypal levels of dispute resolution. H110Hawk fucked around with this message at 19:03 on Dec 6, 2021 |
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Dec 6, 2021 19:00
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Also look at local credit unions and see if any have decent interest. My local CU has high yield checking on balances up to 20k if you make 12 debit transactions a month, which I find easy to meet. Makes me an extra  a month. But I consider myself lucky, my previous city did not have deals like that. I still preferred the local CU back there regardless, as they will almost definitely give you a better banking experience, in terms of customer service etc, than a big bank.With interest rates what they are though, don't expect to make a fortune from interest anywhere
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Dec 6, 2021 19:04
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Ally does Wires. It is the same process if you do it on a B&M online portal where they call you and you repeat it all back to them. For our last house I moved my money to Chase just so I could walk in a do the wire, So much easier. Agree with Ally being "Fine". Never had an issue moving, depositing, getting money.
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Dec 6, 2021 19:04
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alnilam posted:Also look at local credit unions and see if any have decent interest. My local CU has high yield checking on balances up to 20k if you make 12 debit transactions a month, which I find easy to meet. Makes me an extra The thought of using a debit card...... If I had to use a debit the account would have like $250 in it.
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Dec 6, 2021 19:05
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spwrozek posted:The thought of using a debit card...... If I had to use a debit the account would have like $250 in it. I use it for sub-$10 in-person purchases, never online. I keep everything else on my credit card so i can max rewards on that while still meeting 12 debit swipes a month. Yeah having all that money in checking isn't ideal to me but I'm getting $20/month and it's insured 
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Dec 6, 2021 19:08
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