If you are in the US and have a corporate pension, it's (most likely) insured by the US government and won't "go away" even if the company is no longer around or plan fails.
You can freeze your credit. We did that with DH when we were refinancing and he had an identity theft/fraud issue from a visa rebate card. You can unfreeze them if you need to easily. The only issue is, we had to do each one separate, so 3 login/passwords.
Does vanguard have like a one-time advisor option? Like for $100 you get a hour with someone to tell you what you need to do with your money? I don't have enough in there for an actual advisor, but I would maybe just like to check-in with someone this year.
So do you know how to do it, exactly? (Or anyone else on here?) Do I go to each credit company's website? Thanks.
I just did this a few months ago for my 81-year-old mother after she got phone scammed. We froze her credit with all three agencies. For two of them we were able to do it fully online, by just answering security questions. The last one we had to call and speak to someone, and we came within a hair of not being able to do it, because they wanted info like the amount of the last purchase on her credit card (which we had just cancelled that account) etc. Ultimately we realized that she was on one of my credit cards so I was able to verify using that. This page has good info and links to all three agencies.
Just be very careful about the password you choose, and keep it safely somewhere. They say you can't unlock your credit without it although I'm sure you could with a lot of hassle.
Should we sell some of our Tesla stock? H wants to sell, I want to keep all of it. We have 21 shares.
We are keeping ours. I consider it "found money" and we don't really need it, so I'm going to ride it out at least a little longer. I've seen some crazy forecasts, like it may go up to 2800 a share, along with equal forecasts that it is going to tank. :-) That said, I think the new administration will be good for clean energy, and I also think China is coming on board with clean energy, so in my totally uninformed view I think that means good things, as long as Elon keeps his stupid mouth shut. :-D
Where/what can I read to help me understand stock terms more? Like, what are "good" measures on different ratios, what's a good liquidity measurement, what's a good P/E measurement, etc? I try to research stocks but I don't know enough to understand what I'm reading.
So do you know how to do it, exactly? (Or anyone else on here?) Do I go to each credit company's website? Thanks.
I just did this a few months ago for my 81-year-old mother after she got phone scammed. We froze her credit with all three agencies. For two of them we were able to do it fully online, by just answering security questions. The last one we had to call and speak to someone, and we came within a hair of not being able to do it, because they wanted info like the amount of the last purchase on her credit card (which we had just cancelled that account) etc. Ultimately we realized that she was on one of my credit cards so I was able to verify using that. This page has good info and links to all three agencies.
Just be very careful about the password you choose, and keep it safely somewhere. They say you can't unlock your credit without it although I'm sure you could with a lot of hassle.
Okay, thanks! I'm going to try to do it this weekend.
Post by krisandgrace on Jan 15, 2021 12:26:05 GMT -5
I have a Capital one 360 savings account for our long term savings and did have a Roth with them too but a few years ago they transferred it to Etrade, I assume because they don’t deal with Roth IRA’s anymore. I also have fidelity ETF’s in an old TD account. I am trying to decide if it is worth opening an account and moving everything the Fidelity or at least the stocks and Roth.
I have a Capital one 360 savings account for our long term savings and did have a Roth with them too but a few years ago they transferred it to Etrade, I assume because they don’t deal with Roth IRA’s anymore. I also have fidelity ETF’s in an old TD account. I am trying to decide if it is worth opening an account and moving everything the Fidelity or at least the stocks and Roth.
Or is this worth the hassle?
So I think right now you have this:
Cap360 TD Etrade
But afterwards you'd have this: Cap360 Fidelity.
If I follow you, then yes, I personally would do this b/c I think Fidelity is a good place to be for the long haul and also I like seeing as many things in one place as possible. But it's probably worth asking what other accounts you have elsewhere, if any, and whether these funds could just go into something you already have established, even like a work 401k, depending on the balances of the accounts in question.
If you are in the US and have a corporate pension, it's (most likely) insured by the US government and won't "go away" even if the company is no longer around or plan fails.
I have a Capital one 360 savings account for our long term savings and did have a Roth with them too but a few years ago they transferred it to Etrade, I assume because they don’t deal with Roth IRA’s anymore. I also have fidelity ETF’s in an old TD account. I am trying to decide if it is worth opening an account and moving everything the Fidelity or at least the stocks and Roth.
Or is this worth the hassle?
So I think right now you have this:
Cap360 TD Etrade
But afterwards you'd have this: Cap360 Fidelity.
If I follow you, then yes, I personally would do this b/c I think Fidelity is a good place to be for the long haul and also I like seeing as many things in one place as possible. But it's probably worth asking what other accounts you have elsewhere, if any, and whether these funds could just go into something you already have established, even like a work 401k, depending on the balances of the accounts in question.
.
Thanks. We each have work 401K’s, the stock is part of our long term savings and is actually all in fidelity funds already. I just used TD because I had an account with them from some stock I inherited a long time ago. I think I will move it if for nothing else to simplify it.
Thanks. We each have work 401K’s, the stock is part of our long term savings and is actually all in fidelity funds already. I just used TD because I had an account with them from some stock I inherited a long time ago. I think I will move it if for nothing else to simplify it.
I would. I value simplicity b/c I think I do a better job managing my finances when they are not a massive hassle.
Ok here is my basic silly question. I just received a 401k quarterly statement. Why are we still seeing gains? I thought things were going to slow down with covid? Why am I seeing a 15% increase? (Not complaining. My 401k isn’t on my radar since I’m a SAHM)
Ok here is my basic silly question. I just received a 401k quarterly statement. Why are we still seeing gains? I thought things were going to slow down with covid? Why am I seeing a 15% increase? (Not complaining. My 401k isn’t on my radar since I’m a SAHM)
It’s not silly. I think this question speaks to a lot of the economic issues in this country - specifically that most people have no investments and aren’t getting ahead, while those who do, are. (<— all of that is a huge oversimplification)
The explanation is complicated but here’s an excerpt from an article I’ll link below:
Quote:
“Investment markets are considered forward-looking indicators, which means that investors buy and sell stocks based upon their expectations for the future.
"Currently, investors believe there will be a scientific solution to the virus, and until that happens, the Fed will continue to provide support for investors in terms of liquidity and low interest rates," says Amy Bush, chief investment strategist at Tandem Wealth Advisors in Phoenix.
Ok here is my basic silly question. I just received a 401k quarterly statement. Why are we still seeing gains? I thought things were going to slow down with covid? Why am I seeing a 15% increase? (Not complaining. My 401k isn’t on my radar since I’m a SAHM)
The stock market doesn’t = the economy. It is an indicator and one that large businesses and wealthy individuals rely on heavily. A lot of businesses have easily transitioned to remote work, didn’t see a big downturn in business, or if they did they laid off a bunch of worker bees to keep their stock price up. Most of the businesses that are going under are small businesses that aren’t public so you aren’t seeing the impact in the stock market. The stimulus checks and extra unemployment helped prop up the economy by encouraging people to spend money. Big box stores and amazon have made more profit than a normal year. The construction industry didn’t pause for long and is going strong in most areas. People want to live in bigger places because they are home all the time, so the real estate market has gone crazy but interest rates are crazy low so people can buy at those prices and lots of people refinanced which means they have more money in their budget to spend. There’s more poverty and hunger due to people losing jobs but it is not impacting the stock market.