Are you (or your partner) able to get a credit card with a 0% APR transfer option and transfer at least some of your current balance out? Some cards are offering up to 21 months of 0% APR.

Is your total income $33901 or $47954 ($33901 from spa and $14053 from serving job)?

Your issue probably stems from not filling out the multiple jobs worksheet on your W4s for both jobs. They both think they're your only job so don't start withholding taxes until $12950 (standard deduction) resulting in double counting of the standard deduction.

Nah. Now you’re fine. We’re here to keep you honest

Do you have few credit accounts?

You may find our Taxes wiki helpful.

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Open a high interest savings account and put all gift money there.

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This is probably the best solution to the money problems. I don't know why, but the thought of taking a gap year to make my money back never even crossed my mind. I mean if I got a full-time job and a part time even for only a year, I could probably knock a sizeable chunk out. I still need an actual loan though, because I still keep getting rejected by loan companies

>Long story short, why was EJ such a headache?

Fidelity doesn't have agents who make commissions off sales. Edward Jones, Merrill, etc, all the full service firms do. The experience is noticeable, as you've noted.

My agent at Merrill keeps asking about whether or not I have funds to move into Merrill. Fidelity hasn't contacted me since I opened an account with them. I prefer the latter experience.

A lot of the people who are responding to you in this thread and upvoting comments in this thread have no idea what optima is. Your dad is right. It's questionable whether optima is actually worth the $4k you're paying them, but you've already paid $4k to retain a professional who deals with situations like this on a day to day basis. Let them deal with it, they'll do a better job than some armchair redditor who thinks that they'd be able to sweettalk the IRS into ignoring a debt.

You may find these links helpful:

• 401(k) Fund Selection Guide
• 401(k) FAQs
• "How to handle $"

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Call the university directly. This could be a scam.

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Today's VFFSX price change hasn't been updated, so anywhere you're looking at VFFSX's price change, over any period of time that you might think should include today, it does not reflect what happened today.

What happens when you add (not exactly how it works but close enough) today's +1.42% to the 1yr -11.05%?

Yes, and the scariest part is they won't qualify for Medicare if they don't get those 40 quarters of work in.

Elderly and no healthcare is pretty scary.

So you rolled over your old 401k to a new 401k plan at your new job?

Thanks for reply. It wouldn’t be a lot just enough for a 5k vehicle or less. He made it sound like I’d be selling at the high point when I first invested but I guess that really means I’d be selling at the low point now. And even if I pay it back it’s be rebought at a higher price depending on the market. I just need a car to get better job opportunities and go to college that’s an hour or so away. So figured giving up a future investment would be worth it if I can get a better education or better paying job in the long run

> How come their yearly performance is not identical, though?

They are identical.

• https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2023&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VOO&allocation1_1=100&symbol2=VFFSX&allocation2_2=100

If what you said in your description is accurate, you just became a landlord of sorts. If your housemate doesn't pay up, you have to evict him and find someone who can, or you're on the hook for the $. Tell him he's got to come up with the money or you can't afford to pay both your rents, and he has to move so you can get a replacement.

No. Move the child tax credit to the end. After finding your tax, then deduct 2000 from the final tax calculation.

Key detail you may have missed:

>you still need to pay taxes on any money in your traditional IRA that hasn’t been taxed.

So only any pre-tax money (deducted when contributed or growth after contribution) involved in the conversion incurs owing tax.

The "clean" backdoor Roth goes like this:

• You have a $0 Traditional IRA balance, so no pre-tax dollars already exist in it.
• You contribute money into a Traditional IRA. You claim this as a "non-deductible contribution" on your return to report that these are "after tax" dollars. So they get included in your taxable income on your return and taxes are owed and paid on them as part of that. There is no income limitation on this contribution.
• You convert your Traditional IRA balance into your Roth IRA. There is no income limitation on this conversion. That used to be different, but the income restriction's removal back in the 90s(?) was the change that opened up the backdoor.
• The amount converted is taxable based on a "pro rata" calculation. You take the $pre-tax / ($pre-tax + $afterTax) of your IRA balance to get a percentage. If the $pre-tax is $0 (because you didn't claim the deduction and earned no interest/growth), then 0% is taxable.

There's some wiggle room around timing of things. You don't have to wait to file your return for those contributed dollars to count as after-tax, everything gets lumped together on your tax return.

There's likely nothing to "fix". The scores are all automated and can vary drastically with requests for new credit.

Just take a deep breath and wait a couple of months. You will very likely see your score start to recover in around 30 days--and a little more each month after that.

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EJ makes money on your total assets under management.

so does Fidelity, but apparently they recognize it's your money and you can access it whenever you want. Fidelity has excellent customer service in my experience, while EJ offices could be a crapshoot.