Greenappleflavor

Greenappleflavor t1_je4wg3t wrote

You’ll be surprised how big of a drop collections can have and it’s not just the score, it’s a mark for all to see—so as long as you don’t plan on taking credit AND don’t come across any landlords that would need your credit report or employers (I’m in an industry where this is a must, but some employers check on this even if they’re not in an industry that expects it’s employees to not have any collections/judgement/felonies).

If you have the date/time and name of person you spoke that says it, may be long shot but even then you’d probably have signed paperwork to the effect of if insurance doesn’t cover you’re on the hook.

Which means yes you owe and you should see if there’s a way to cut that down—start by asking for itemized bill, and reviewing.

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Greenappleflavor t1_jaak05v wrote

I hope you see this OP, while everyone is correct, there may be a way to get the $200k distributed to you and your brother (1, if you guys were the contingent beneficiaries or 2, you’re comfortable with it going to probate and using the update will to enforce (but the $/time cost may outweigh the tax benefit your grandda intended).

https://www.broadridgeadvisor.com/kt/HtmlNL.aspx?pvw=52C1D3C9CF34854F895148D8B529D8E229D5B0FDBC71B93A719295EDFA1355167185B41EAE6C088917D7ADA111912687FDD969FA3214C7355C736D7DF5070081E43963CC6D590DDFDA5D2DB7A90B48A49E2C5D09CCC26EB5BE0089A538AE5BE97860BBEA9E25D359CF28D4B0F4CDEFCA

But yes, beneficiary supersedes the will as everyone says.

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Greenappleflavor t1_jaai01j wrote

You and your mom each don’t have enough funds to cover an emergency ($2500 for an electrician for example), you should not be putting money into a savings for rental property. You need to get your own houses in order before doing anything like that.

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Greenappleflavor t1_j2bfrc1 wrote

Vtsax has similar top ten holdings as VOO and its total market but 99% of the portfolio in US market. Given your age I’d do 50/50 because of your time horizon but you can certainly change it up a bit to 60/40 or 70/30 etc. just be careful with funds overlapping too much which means you’re less diversified then you think.

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Greenappleflavor t1_j1p2qgi wrote

I’m curious to see where your $ goes. Unless the $300k combined income is recent, it sounds like there’s a lot of spending vs debt, and I would increase my EF and tackle the cc debt asap, and perhaps front load the retirement more, tax deferred helps especially in this environment.

In six months things will drastically change with the drop of $2500/month expense, and as long as you stick with saving/investing it should be fine.

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Greenappleflavor t1_iy6nvd9 wrote

Some cc issuers now can tell you’re approved for x in CL vs being preapproved… however, why not just see if the cc with debt almost paid off has a balance transfer offer? You don’t need to apply for a new credit card if they have 0% apr balance transfer offer for you.

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Greenappleflavor t1_iuivip5 wrote

In your shoes I would do a combo of remote work and online classes to finish my degree.

There are CS jobs (the best I know of is tech or financial sector) and often part of the benefits are paying tuition (think first republic or fidelity).

In addition to the usual benefits (medical, dental—fidelity starts from day 1).

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