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Harassment i should have been so lucky—person making deposite for my payment-bounced by $.10 didn’t get a call till 2nd of the next month—late credit report 120 ‘fn’ points down 750-120–this is a 7 year uphill climb—so in hindsight i have 3 pmts in the bank—-sort a like i meet a man with no shoes—then a man with no feet —much luv


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I see a lot of anxiety in your post. So I think a good first step would be to take a step back and breathe, and take an honest assessment of your situation. Consider the odds of you actually losing your job or other catastrophic or major thing in the near future, for which you would need more than the typically-recommended three month buffer. Work with a ...


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What I can recommend from the perspective of someone who managed to build that buffer. It takes much longer then expected - always. Don't get discouraged. I swear I should have reached my milestone at least 1 year earlier, but stuff always got in a way. Don't let that get to you - as it did to me. Having said the above - your expenses seem pretty high, and ...


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You mention "in a few years" you "might move"; that's too far in the future and too fuzzy of a timeline to worry about making that decision yet. In a few years if and when your family does decide to move, you can run the numbers then to make a better informed decision. Between now and then, the value of your house and the rent it could bring will change. ...


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I am really surprised that no one told about create a virtual card. Whenever i want to buy something with my CC, i genereate a virtual card. It has modififed data but can be used only once. After your first payment, you cannot reuse it.


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The second card idea is useful more than just having a card when everything else goes down. Pick up a card attached to a new account specifically for online purchases (They might know what you mean if you ask for a "Firewall" account). Set it up so that the balance cannot go negative (it will decline rather than overdraft). Keep a small balance, use a ...


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You didn't mention what your actual monthly budget looks like, but I presume from your reserve fund description that after living expenses and debt servicing, that you have some amount left over every month that you are putting into this reserve fund. We have plenty of questions and answers on shifting all of your extra savings temporarily towards ...


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I think that your intuition about the tough pill is correct, and that you should pay off those two credit cards today. Yes, paying them off will reduce your emergency fund for the moment, and that should make you uncomfortable, and you should use that discomfort to motivate you to build it back up quickly, even if that means that you have to deliver pizzas ...


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The bottom line is you are flirting with debt, much like I did during my younger years. Many ill-informed people will tell you to continue to march, build wealth by using other people's money. However, they never talk about the downside of doing so and the series of events that can lead to bankruptcy or near so. For the most part you are not doing bad, ...


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I know how to run a dental practice never real estate. Do you think I should plan on renting or selling my current house? I think you answered your own question.


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We currently have about $16K cash. This isn't the worst problem to have!! I'd like to have $30-35K+ for a ~6 month reserve. I know it will take time to get there. But every time I reach some milestone (e.g., $20K, or briefly flirted with $25K) we get hammered with some large, unexpected expense Wait until you get divorced. Then you'll beg for the ...


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To be clear it isn't being physically stolen and I've never once lost my card. Are you sure someone with physical access to your credit cards isn't selling the details online? They don't need to steal it in order to get the details. For example: roommates, family members, hired help, coworkers?


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I would recommend buying cards from revolut and transferwise to be used in online shopping transactions. When not in use keep the cards frozen. I mean keep it disabled from the app.


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Many good suggestions have been made here. I just wanted to add that there are more secure alternatives to pay online. For example, Amazon gift cards can be purchased with cold hard cash - if compromised, your more sensitive accounts are still protected. Mobile providers sell top-up cards at the grocery store (at least by me). I use Amex Serve a lot: it's ...


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Yes, this is common. I had a call from the bank, saying that they unfortunately had to change my card, because the details were stolen. They detected this in the internal audit, I didn't have to do anything to verify the card statement. Fast-forward, less than a year! I had a new call from the bank, saying they again unfortunately had to change my card, ...


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As a few answers above have intimated it appears your main issue has been very lax social security when it comes to your financial information. The more you use your credit / debit card(s). Be it at Macy's , Best Buy or the local restaurant and bar...the vastly more likely it will be that you'll encounter fraud against one of those accounts. Social ...


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I have been in your shoes, and solved the problem. I followed all bank advice, but it didn't help at all. I finally switched to using strictly cash for all brick-and-mortar purchases, and the fraud stopped completely. I think it was gas pumps. Soon after I switched, I saw a CBC documentary on skimmers used on gas pumps, and particularly ones furthest ...


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There are some great answers already, but I realized one more likely culprit for this latest theft that hasn't been mentioned in the answers: I recently signed up for pest control services from local companies (one spraying for standard household pests, and one for mosquitoes). Since both are a monthly service they wanted to have a payment method on file, ...


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I expect your identity is compromised. This will be the fault of one of the retailers you use (not necessarily where you use this particular card), or possibly a criminal working in a card issuer's customer support centre. You might volunteer to help your bank's fraud team, but don't push it. They have the "hall of mirrors" problem well known in spy novels --...


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It might be worth asking your bank for more details about the fraud (e.g. what triggered the fraud alert) because you might find that some perfectly legitimate sites are causing fraud errors. About a month ago I got a phone call from my (Australian) bank informing me my card had been disabled due to potential fraud. When I asked what triggered it, they told ...


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No, it's not common to replace your card so often I'm going to attempt an answer on this one to provide a few steps you can take to minimize your risk of having your credit card number stolen. It sounds like you've taken a few steps already, but there are definitely other ways for scammers to get ahold of your digits. Shred/burn Paper Credit Card ...


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Statistically, one of the e-commerce sites you used your card on was hacked. Once every 2 years is above average for that kind of attack, but not by that much. There's no good way around those types of attacks, other than not saving your credit card details on e-commerce sites. It would be a good idea to double-check your computer security, though.


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My immediate reaction is that your account(s) is compromised. Do you have an easy to guess password? Change it. Turn on multi-factor authentication if your bank offers it. Check your "last visited" note every time you log in (if the bank doesn't offer this, change to a bank that does). If you don't bank online, immediately call your bank and see if someone ...


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I agree with RonJohn 100%. I'd only add, once the 2 cards are paid off, step back, and wait a few months. I'd monitor my credit score to see the result of those cards being paid. I'd then use the freed up monthly cash to save, to solidify both a savings account and an emergency fund. You should start to do the math on the marriage and house purchase before ...


8

The 93% usage rate on the store card is what's really holding down your score. However, your hair is on fire™ from the CC APRs, so put out those fires first!! Given what you wrote in the comments, I'd pay off your debt in this order: CC2, the balance is so close to zero, and the difference between the CC1 and CC2 rates are negligible, paid off in 1.33 ...


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Nope it does not work like that, what you are referring to is a tax credit there are some but the interest rate deduction is a reduction of their income not taxes paid. In your hypothetical case, their income would be 60K (80k-20k) and they would pay around 15K in taxes. Granted it is not as easy as that, but close enough for illustrative purposes. ...


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When the escrow account for the delayed repairs was setup the amount put in the account was determined based on the estimates. When the account was established the rules for accessing the funds should have been defined. I have seen these accounts where the item was cosmetic (as far as the bank was concerned) and it was very easy to access the funds. They ...


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When shares are shorted by B, they are borrowed from A and they are sold to C. A has a book entry for ownership of the shares but the actual shares are owned by C who receives the dividend from the company. If B is short the shares on the ex-div date, he is required to reimburse A (the lender of the stock) for the dividends that he missed.


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For many years W-2 was preferred to 1099 because self-employment tax is 2x what you'd have withheld for social security and medicare if you were an employee getting a W-2. However as of 2018 there is a 20% pass-through income deduction that makes 1099 more attractive in most situations. Yes you'll pay self-employment tax instead of the employer paying half ...


3

(US) Quarterly estimated payments for income tax, and SE (self-employment = Social Security and Mediare) tax and/or household employment tax when applicable, are due 15 days after the end of March, May, August, and December, which is 4 times a year but not the equal quarters used for most other purposes. If the 15th is a weekend or Federal holiday, the ...


0

As per FEMA (Foreign Exchange Management Act) regulations, NRI can't hold savings account in India. Please get this converted to NRO. Can be done remotely. Most banks don't allow direct deposit into loan account. Check with your bank if they allow. There is no fax implications in India. You need to declare this in your US tax returns. It is advisable to ...


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Given the event occurred in the past, it might make sense to call HMRC (they are actually quite helpful) and sort out the formalities. According to HMRC: Employees’ rights Anyone you employ must: have an employment contract be given payslips not work more than the maximum hours allowed per week be paid at least the National Minimum Wage ...


0

They want your current address. The purpose of the address is to know where to send correspondence to you (if they have any questions), as well as things like a refund check (if, say, a direct deposit failed for some reason, or your math was wrong and you get a refund you weren't expecting). It's not there to determine residency for tax purposes or anything ...


2

Well, I decided that I might just try calling up the state and seeing what they said. The person I talked to at the Massachusetts Department of Revenue was quite helpful and said that as long as the amount from the brokerage came on a normal 1099-INT, and it was due to being from a Massachusetts bank, that that portion of the income does indeed count as "...


0

Since the proceeds are from a large transaction such as a house sale, one option is to ask the settlement agent (or similar) to do the remittance by internet transfer to the bank account directly.


0

Yes, there are several and more flexible ways you can accomplish tax deferral like a 401k. Yes, it can involve corporations created in a United State or a different Nation state, or a state within a different nation state (some countries have nation level incorporation like the Cayman Islands, some have state level incorporation like the United States, some ...


1

My income is VERY variable from year to year, so some years I get pushed into ridiculously high tax brackets Have you quantified this additional liability? This is the federal bracket table for 2019: Rate Unmarried Individuals, Married Individuals Heads of Households, Taxable Income Over Filing Joint Returns, Taxable Income ...


0

This probably isn't terribly helpful generally and feels like a product plug but I just opened a checking account at Schwab, my box of checks included five postage paid envelopes to facilitate paper check deposits. I don't know if Ally, or any other bank, does something similar.


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The alternative is to use a close by bank or credit union then electronically lnk the two accounts and make a transfer. Keep in mind that large checks may have different holding periods. The bank may also limit the number of checks deposited or the number of transactions in a month.


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I've looked at this type of question for decades now. And always been amazed at how people act based on their own risk tolerance. The question here is a bit narrow in scope, given the fact that OP plans to pay the mortgage off in just 5 years anyway. I looked at the last 114 years worth of S&P return data and created a spreadsheet that would let me see ...


0

You don't have to flee the country to smooth out the peaks and valleys in your income. Simply opening a business and paying yourself a salary rather than just passing the income through the company will do that for you. Opening an offshore business for tax reasons legally is going to be quite expensive and difficult. You're gonna need a tax specialist that ...


0

As you live in California, you'll need to file the IT-2014 form for New York, and you will be considered a part-year resident for the time you spend there. Typically you'll want to claim the same number of allowances on your State (NY) form as you would with your Federal W4. When it comes time to file your taxes the following spring, you will be required ...


1

Ben Miller addressed the Fool's claim nicely in the link. I'd add that there are specific circumstances where a surviving spouse has several options that can maximize survivor benefits. These can amount to $10k to $25k more, depending on the age of the survivor as well as the deceased. The short answer is that it may be a better decision to accept ...


3

Based on the review in this video, it's not a "fraud", just clickbait to get you to sign up to their newsletters. The gist of the argument is that the longer you wait to start drawing Social Security, the more your benefits are. The difference seems to be more than just time value of money, though. It's a significant increase to delay benefit payments (...


1

Its been a while since I had a student loan, but what you have here is a poor customer service organization. It happens, and it seems like with the student loan industry, it happens more frequently than others. If one has a car loan, and is unhappy with the way they are being treated, there are many banks/credit unions that would be happy to do a good ...


1

There is nothing about the wash sale rule the prevents you from trading anything. The wash sale rule simply addresses how you deal with the taxes associated with the loss. If it is a wash sale (ie you sell for a loss and repurchase a similar investment within the 30 days) then you simply can not claim that as a loss on your taxes. Under the rule if I have ...


1

The bank said I need to file a "Foreign Registration Statement (Limited Liability Company)" in order to comply with the bank's membership guidelines, and the Idaho State Tax Commission said in response to my emailed query: As long as you don’t have any Idaho source income, you don’t have an Idaho filing requirement or tax liability. Just having an Idaho ...


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The wash sale rule applies to losses from equities and options but not commodity contracts or foreign currencies. After a loss in the underlying, you can trade options as long as it's not a substantially identical position. So if you realize a loss on a long position in the underlying, you could buy a put but you could not buy a call because a call is ...


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No, I've done this a few times. I'll admit as the checks got larger, it was a bit more unsettling putting it in an envelope and mailing it. I would recommend: Using a reliable guaranteed delivery service (FedEx or Priority Mail Express) Taking a picture of the check and the envelope (including tracking number) Adding delivery verification if not already ...


2

The bank in Idaho requires you to "register" your company with the state of Idaho. In most states, the process of registering an LLC in a state requires paying an annual fee and filing annual paperwork. I don't know if registration is a requirement of this particular bank or the state of Idaho, but either way it is a nuisance for a small company to have to ...


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