Mvelopes is another one.

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You're not getting scammed per se but you're absolutely getting ripped off. Read the wiki, close your Northwestern Mutual accont and consider the 5% commission you paid your first learning experience.

I avoid putting in lump sums when possible and instead dollar cost average on a weekly or monthly basis.

This is definitely not a good idea until you secure housing. Your partner's credit score will drop into the 500s as soon as she takes out a loan. There is a sub called r/mechanicsadvice. I'd suggest posting in that group describing exactly what the transmission is doing and see what advice you get. A lot of automatic transmission problems can be solved by simply changing the fluid.

That's actually pretty good, yeah I don't have a problem either simply obeying the law, it just seems like it's going to take forever for that to get here.

The IRS is actually pretty good to work with. As long as they see that you are putting in some effort they'll do the same. There is a lot of stigma against them but in my experiences it isn't warranted. If Optima is telling you not to work with them I'd want a good reason and a solid alternative path forward in writing.

My gut feeling is Optima is a waste of time and money. If anything find a tax accountant (not an online service) that specializes in trucking. But either way don't feel that you need to hide from the IRS when they reach out.

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> Recently started my career as a RN (22F), had some expendable income and my friend recommended a financial advisor at Northwestern Mutual.

Your friend did you dirty.

NWM is a notorious high-fee investment provider. You are being charged high fees for something you could very easily do yourself.

> I only have put $1,500 and they invested in FAGAX. Annual operating expense of 0.89%. I am extremely financially illiterate and I’m not sure if they are trying to scam me because I see other more diverse pro folio.

I wouldn't call it a scam, but as I said you could easily do it yourself.

Open a Roth IRA at a low cost brokerage. This sub recommends Vanguard, Fidelity, and Schwab. Then initiate a "Transfer of Assets" from the receiving firm's web site. This will pull the money over from NWM.

As to how to invest, consider a target date fund or a total market fund. See: https://www.reddit.com/r/personalfinance/wiki/iras#wiki_eli5.3A_how_should_i_invest_within_my_ira.3F

I think talk to your husband about the house if you feel it should be equal. You can both come up with half the down-payment, just in different times, unless you match his contributions. But, what about the mortgage? will you split that equally too? Just something to think about

As for everything else, I think go travel than figure out whether you want to max out your contributions. You have a rental property too, which in about a decade or so will be paid off, if I ran the numbers right. Assuming you keep the same rent (which you could probably increase at that time) and pay (which will likely be more in that time), you'd be making an annual income of 114,200. At this point, if your husband's pay hasn't changed either and assuming it's around the 85k ballpark, you're making 57% of the money. You haven't told us his income, so you can run the numbers using that instead and see whether your percentage changes substantially or not.

Note that you will have to include property taxes and a small reserve for any maintenance required for your rental. I'm assuming the prop. tax is handled with your current mortgage, but I don't know where you live so I can't adjust your income for that.

I think I would be able to. Once the time comes where I move out, I would be moving in with my SO(yet to work out the details with her but she would be helping)

Nope. I doubt my brother officially announced anyone as an executor to his estate. He may or may not have left a will. All I know is he lived with a roommate. I don't know who it is or even where he lived. His next of kin is probably just his estranged siblings. Currently, handling his business defaults to me since I was the one who picked up the call from the investigator searching for his family.

Settle on an amount you can comfortably do and do it no matter what the market does. Always be investing!

My last boat saw 2-4 days a week of use during the fishing season. You're absolutely right about boat people, we'll spend what we have to to get out on the water. That's why I cheap out in other areas of my life.

So many business deductions. In those years I believe 100-percent of health insurance premiums could be deducted and on personal taxes the house mortgage deduction etc. Mileage on the trucks, all the costs. Tons of deductions for a trucking co. Hope they captured all of those. Office too, including home office space

Thought about going this route

Why wouldn't they be allowed to do that?

Ask yourself, if you were offering something for sale or rent, you get to state the terms by which you want to sell or rent it to someone.

And it's up to you whether you want to agree to rent / buy on those terms or not. Reset your expectation about whether to be upset or not.

Unless you're in a rent controlled situation where you're guaranteed a rate/term, you decide to renew the lease each time. Or move.

This is going to sound mean but you need to cut the fluff out of the story and recognize the irs is a heartless machine that'll hunt you down for each penny.

I used to be a 1099 contractor and if there's no money being paid out, double check if there was an escrow set up that set his projected taxes aside

If optima says he owes $40k, that sounds about right for 2 years. I would get an accountant and take any and every receipt, invoice, pay settlement, truck payment, listed per diem and anything else that they may use to knock that down

Finally, if the irs is auditing him, get a payment plan and don't get swindled by those ads for 3rd party irs help. even if he doesn't have much padding in his account, they'll work with him because option B is they will freeze his assets, garnish up to a third of his wages, slap more fines on him and possibly send him to prison.

True. And I agree in principle. Just hard to look at accessible cash and not cringe a little when the market dips.

I'm fairly new to having enough left over at the end of the month to put a decent amount into savings, and it's hard not to focus on that savings account number growing larger.

Even though I know that, especially right now, it's not even keeping up with inflation. It's definitely a mental block.

You don't need a financial advisor and you definitely don't need to do business with Northwestern Mutual.

Read the applicable portions of this: https://www.reddit.com/r/personalfinance/wiki/index/.

Set up an emergency fund first. Then, open and fund an IRA. If you have credit card balances, pay those off.

Are you the executor of his estate?

Or just call together with your dad there, on speaker phone - very easy

If you want to inherit his estate, you'd need to file with the local court wherever he lived. If he had no will and one or more of his parents are still alive, they would likely inherit anything he had first. You'd be next if both his parents are deceased (it depends on the state, but this would be true in most/all states).

Any assets with value that he has would first need to go to paying off any debts he had. Given that he was in and out of the hospital, there is a good chance of a decent medical debt, so it is likely there would be no assets to inherit and donate.

Many lawyers will do a free initial consultation on cases like this.

In fact, if she creates an account at ssa.gov she can see what her actual benefit amount will be based on different scenarios.

Yes, they can do that.

There is statewide rent stabilization in California, AB 1482 (“TENANT PROTECTION ACT OF 2019″). Most apartments greater then 15 years old are covered by this. The rent increase and request for a written 13 month lease are both in alignment with statewide regulations. Refusal to sign a lease gives them just cause for eviction under Statewide regulations.

https://cal-rha.org/advocacy/ab-1482/