I guarantee your dad has financial issues if he told you that and as such I would probably never take financial advice from him if I were you. The market is down so let’s sell off some stock and lock in our losses. Nope.

Yes I would buy a 2k car on my credit card but not because it is zero percent interest but because you probably need a car and you’re broke

And how are you going to afford the installation of a dui breathalyzer and monthly costs?

No. Even closed accounts are factored in for up to 10 years after closing. They also continue aging though.

It's not just an additional payment, it all goes toward principle. Your normal mortgage payment is predominantly interest, especially early on.

You should max out a Roth each year, $6,500. Increase your 401k deferrals to about 10%, and save the rest in a taxable brokerage account. At 26 your long term investments should be 100% stock, emergency fund in a savings account, and short term savings (house, new car, big vacation, etc) in either a HYSA or an index fund.

No, it won't help - average age of accounts takes into account closed accounts for FICO scores. (Vantage score does not, but mortgage lenders use FICO)

https://www.experian.com/blogs/ask-experian/length-of-credit-history-affect-credit-scores/

I wish I would have thought more about my purchase, at first I was supposed to go to a Toyota dealership but apparently one of my family members knew someone at the Nissan dealership. So I thought I was going to get a good deal on a vehicle and hopefully not get gypped. At the time I didn't know what negative equity was or the issue with these cars.

That’s not a bad point. Thank you for that advice!

I like this idea. I could go for it, but I'll see if I can convince hubby.

An indirect rollover is when you take possession of the money outside of a retirement account in between moving it from one custodian to another.

For example: you withdraw the money from your IRA to a bank account, then send that money to a different IRA. Or maybe you get a check that is payable to you, which counts as you "taking possession" even if you pass it to the new IRA rather than cashing it yourself.

This is different from a direct rollover. There are no limits on direct rollovers. A direct rollover could be:

• An "in kind" rollover, where the actual securities owned in your first IRA are transferred directly into the second IRA.
• Your old IRA provider sends you a check made payable to the new IRA provider. For example, "TO: Fidelity Investments FBO Livids-Pomegranate" (FBO means "For the Benefit Of").

A Roth conversion is another type of "direct" transfer between IRAs, and as such is also not subject to the once-per-12-months rule.

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Closer to 5 years earlier at current interest rates, give or take.

There are 12 months in a year. But there are 52 weeks in a year. So if you pay every two weeks, you make 26 payments, which is the equivalent of 13 months worth of mortgage payments every year. That’s why you pay off early.

I guess OP will have to decide independently. It's a government agency with the force of law behind it. That much isn't up for debate.

It's no different than making 1 extra full month mortgage payment per year.

• 52 weeks / yr
• 26 biweeks / yr
• 1/2 Mortgage payments * 26 = 13 months worth of Mortgage payments

That’s ridiculous. I adopted two babies in the US after fostering them. We got them as soon as they were released from the hospital after being born. Cost was $1500 which was reimbursed from the state and there was a 15k tax credit.

To relax you, Only person to likely see it was your mail carrier putting the letter in your box.

Yes but only because you make an additional payment per year, since there are 52 weeks in a year (52/4=13 payments instead of 12)

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Thank you so much!! I just asked HR about the matching question. It's hard to put into words but I will get to the bottom of it

What does Frank's company do? Is there any overlap between it and Spacely or Cogswell? What do you do? Do you work in an admin role of some kind that doesn't require much specialized knowledge or training? If so, I'd be pretty worried. If there's a team in one of these other subsidiaries that does basically the same thing as your team, the odds that both will be maintained are low.

otoh, if you're working a specialized role on a team that doesn't really have a counterpart, then I'd be cautiously optimistic but paying close attention to gossip and changes. In my experience, those changes start at the top and can take a while to work their way down to the common folk. The fact that Frank is being kept around is a good sign, imo, but if he seems to fade away, then I'd start to worry a bit.

Almost all credit cards offer a grace period, where you don't owe any interest, as long as you paid the previous statement in full. See https://www.consumerfinance.gov/ask-cfpb/what-is-a-grace-period-for-a-credit-card-en-47/. So you would have at least 21 days (potentially significantly more, depending on where in the billing cycle you are) to then get the 401k loan and pay off the credit card. No credit card interest involved.

No. It’s not.

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https://www.irs.gov/newsroom/form-1099-k-frequently-asked-questions-general

> You should include all fees (e.g., selling fees, payment processing fees, etc.) associated with the sale of your personal items in your basis when computing your gain or loss on the sale. See Publication 551 for additional information. In general, you should adjust your gain or loss on the sale of your property by the amount of expenses and fees paid to facilitate the sale.

Sorry miss read your post. I thought you were currently buying another car. Not already acquired one. I guess with that info the worst you can do is call JD and explain the situation as you said and see what they can do. Maybe they can buy it back from you or something.