Thanks!

> The idea is that their fee is less than what they negotiate on your behalf

Good luck with that

And if they say not allowed me to higher level supervisors what would i do ?

Unless you move to north Georgia the hills and cold aren't a problem. The metro atl area is hilly not mountainous. Also the average winter twmp here is around 50. I wouldn't worry just yet.

So we wouldn't file "married filed jointly "?

Sorry if this is too much. My status. In military mypay is married, 0 exemptions, 0 additional deduction.

Multiple jobs or spouse works is an optional selection and I don't have it selected.

Boat loan?

Never. Save and pay cash.... 7.5%.... outrageous... 10 years.... outragoues.

Secretary of State. It's MI's equivalent of the DMV.

wow. I didn't know about that.

I'm a sole proprietor and my initial tax bill is usually upwards of $20k per year before deductions, so it sounds like it could totally be a thing depending on income those years.

Call them and find out if Fidelity canceled it or if Vanguard disallowed it.

Let's say we have 2 identical businesses which have net income of 50k after self employment tax and deductions.

A is the only employment for the owner and B is owned by someone in the 22% tax bracket based off their day job. B will pay almost 12k in income tax while A pays about 6k.

A is more incentivized to start and run a business. A can be more price competitive with their products.

Let's say it takes 5k sales to net 50k profit before income tax ($10 per sale). Business B needs to do 800 more sales to make the same money as business A. And remember these are identical businesses so business B is also doing more work, 800 sales worth more, 13.7% more. So business B has an hourly pay rate that much less than business A.

I been awhile i don’t remember exactly but right now it said “ my transfer was canceled call us if you want submitted again…”

Well, you could always go to your local bank, deposit the money in your checking account, and then initiate a transfer to your new HSA via their portal. As long as it is done within 60 days from the distribution you’re good.

I would also tell you to consider opening a personal HSA at Fidelity. It has no fees, if you change jobs in the future you can always just roll the company HSA balance to the Fidelity HSA, you can invest the money inside, and if you need to use it for medical expenses, you can always withdraw the cash.

Then switch both of you to the single setting. This accurately allocates half the married standard deduction and tax brackets to each job and withholds enough to cover your taxes. Leaving the child tax credits to be refunded to you when you file.

Depending on the state you may have to take that letter to the DMV to get a “clear tjtle” (one without a lien listed on it)

It’s not quite like when you have a lawyer in other venues, you can talk to the IRS but they are legal representatives, so you might want to consult with them about it. If you question their work though you can reach out directly to IRS. Optima should be sharing all their correspondence or paperwork with you.

$4000 is a pretty steep fee.

Since you’d dad is living paycheck to paycheck now, optima or you can probably get him into a “currently uncollectible” status, which means no payments are collected until things change, or you can get on a payment plan that is reasonable and manageable. Either of those can prevent a lien filed by irs, which is good for credit - keeps credit clean.

Check all optima’s work though for any errors, missed deductions or missed credits.

Self employed people do have heavy burdens, so the $20k isn’t necessarily surprising. They pay 100-percent of social security etc. That’s 15-percent right there, before the main deductible. It’s a whopper for the self employed. .

Oh, also, the IRS has a tax payer advocate’s office in every state. In the future if you have any problems, say, he can’t make a monthly pmt, or you need new help, they can open a case file for you. They are generally very very good and very helpful.

In my state, I believe you can submit the original title and lien release - and get a new title that doesn't show a lienholder. I've never bothered doing this, and have sold cars that had originally been financed. I simply supplied both parts of the title when selling; no problem.

>How do I get my parents financially secure, physically taken care of, without my brother feeling under-minded?

You don't. Unfortunately, they've chosen their bed and now get to lie in it. They chose to enable him for years and this is what happens

Thanks. This all seems very confusing. Just want to get the 6K and call it good. Lol.

Hi. Thank your for the details . Yeh i have been transferred to higher level supervisor once ( i think) and again he said same thing but I didn’t get his name :( . I may call back anf follow your advice. Thank you so much

Your parents need to apply for government assistance for a caretaker. That can be your brothers salary.

In the meantime, I think you all should sit down and look at the budget and expenses and then determine a salary for your brother. Discretionary spending would come out of that budget. You Can agree to help financially only to the extent that they stick to the budget

You'll want to check this with the dealership. Some loans have early repayment penalties. And if you do make early payments you may need to specify that the early payments are towards the principle, not just a early payment towards interest. No one here can answer this question, only the lender can answer specific questions about the loan.

But yes, I mean a longer term will end in more interest if you don't pay early, but it also gives you the benefit of reduced required monthly payments in the event your future financial position changes.

What did Fidelity say?

There is no difference. Some loans could have a penalty for early repayment, but I've really only seen that to prevent immediate repayment for when there is an incentive to finance a car purchase.

As a side note and coming from a financial planner/boat owner, financing a boat in general is not a good idea. Even a new boat tends to be a cash drain, and it only gets worse as you get several years into the life of a boat. But if you are a previous boat owner, you probably know what to expect.

You might also want to consider how the interest on a $200k mortgage may allow you to itemize deductions on your tax return rather than taking the standard deduction.