Recent comments in /f/personalfinance

zaggie16 OP t1_jad423q wrote

Reply to comment by alaskanassasin21 in Current Employee wants to make a compensation adjustment by zaggie16

I'm not sure that's exactly apples to apples, as there are still 7 of us here, so at best it'd be their salary divided by 7. That may be a decent way to look at it though, however, I haven't personally taken on an equal amount of their projects, but this can factor in.

I know the last departure put a fire under them to hire soon, but I'm sure that seat is scalding now.

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Werewolfdad t1_jad3var wrote

Reply to comment by iguesswhatevs in Just got my check from former employer closing my 401k account by iguesswhatevs

> What do you mean deposit it should be? I can deposit, say, $1000 if there’s only $790 on the check

You write a check for $1000 to the IRA custodian as an indirect rollover

>Since I already paid taxes on it, what if I just put into my personal Roth IRA and select 2022 roll over?

Then you still pay penalties on the amount withheld

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_Nuba_ t1_jad3u1b wrote

Reply to Just got my check from former employer closing my 401k account by iguesswhatevs

This is an indirect rollover. You need to redeposit the whole distribution amount within 60 days despite taxes being taken out (If your balance was 10,000 but your check is 8,000, you still need to deposit 10,000). Then you should receive the taxes that were withheld in your tax refund for next year.

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sephiroth3650 t1_jad3scs wrote

Reply to Should I disconnect my parents from my Bank Account by Economy_Example_4289

At the age of 26, you're long past the point of separating your finances from your parents. So you make a choice. Create a new account for yourself, or continue the shared one and continue helping out your parents. There's nothing wrong with choosing to support your parents. Just understand that is the choice you're making if you keep the shared account.

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nothlit t1_jad3rdu wrote

Reply to Just got my check from former employer closing my 401k account by iguesswhatevs

You deposit this check in your bank account, then you write a new check for this amount + the missing taxes and deposit that into your new 401k or IRA as a rollover within 60 days. Then when you file your 2023 tax return you’ll be credited for the withheld taxes, which will reduce the amount you owe or increase your refund by that amount.

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J_Pizzle t1_jad3qyx wrote

Reply to comment by evilhaw in Would I need to pay Rent Twice? by evilhaw

Since this is your first apartment, I would HIGHLY recommend learning about your local tenants' rights. Many landlords are either themselves unaware or count on renters not knowing the details, but some places have numerous restrictions on how the landlord has to handle security deposits and last month rent prepayments.

Plus knowing your rights regarding privacy and landlord access and all that will help you to avoid some scummy practices.

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