I feel like I have one of he other few situations where it’s ok to contribute

We have a 403b situation, where, if we put in 5%, my employer puts in 10%…so not only is it missing out on the free money from a 1:1 match, it’s missing out on that extra 5%. The benefits of it, including the tax advantage now, outweigh the interest we may pay on other things. Others may disagree, but it’s the one thing we are doing that I’m not sure whether it follows Dave exactly, but we’ve decided not to ignore that 10% of my salary every year….

Is there a company match?

You want to contribute at least enough to maximize the match. For example if the company will match 6% of your contributions you want to contribute 6%. You also want to check to make sure how often you are allowed to make changes to your deferrals. Some plans only allow changes quarterly, semi-annually or annually. Here is a link for a take home pay calculator to help you determine how your paycheck will be affected.

I’m an idiot

because I didn’t sign up several years ago – however, better late than never. So, if I go with 3%, it’s approximately $40 less out of my pay, should I try to go with a higher %? I’m a little concerned about my take home pay since it’s just me and the critters and the mortgage etc.

Mr. Manager got my husband’s SSN correct…. not mine

They’ve taken what they’ve taken – he was very evasive and would not help out at all. (Surprise, surprise.) He said they got a lawyer involved, etc. And that a garnishment costs another $200.

So, I set up a withdrawal from 401K and will get the mortgage in on time (I hope). Friends from all over have helped out with food and gasoline and one friend even went in and paid for my husband’s insulin and heart medications. And we have a few more paychecks coming in this month, so we should survive.

Unless the money is in your hot little hands in the form of green paper, it is not yours!!!

Posted in SSN

I know from first hand experience that collection agencies do not look a SSN

We went round and round two different times on an auto loan for another Sean Patterson, even spelled differently. They insisted it was my ds because he had the audacity to go the same college as the Shawn Patterson did. I had to threaten lawsuit to even get them to look at the ssn. Luckily ds was unemployed at that point so they didn’t get to garnish him like they tried.
The next time you talk to Mr. Manager ask him for the last 4 of the ssn and make him repeat it over and over until you get it. Just keep interrupting him until he slows down and gives it to you properly. The fact he’s rushing on means he knows something is wrong. Then point out to him that is not your ssn. Also demand to know when the court judgment was and what it was for. You will need all that info to get it straightened out.

Posted in SSN

So they took money from you

when they were supposed to take from someone else?!? I’m basing this on the fact that the account they were dealing with had a different SSN than yours… I think they screwed up, PERIOD. If that’s the case, the only way you could get the money back will likely be a lawsuit of your own. If it goes that far, get them for 10x what they took from YOU…

The amusement begins:

After much pushing of the ‘0’ button I reached a human being. She says she doesn’t know how much they took, but no, they cannot take any more. My paycheck will be fine on Friday. I asked about making some sort of arrangement so I could get my husband’s medications and so forth. She transferred me to a manager.

He rolled off my name and someone else’s last 4 digits of SSN and didn’t pause long enough for me to say “That’s not right.” Then he said “Oh, there is a cease and desist code on your account, so I can’t talk to you.” I faxed in the “permission to talk to me” letter he asked for. (Bad idea? good idea? neutral?) and noted that despite this “code” they have called my 15 times on my cellular phone at work after the date that he acknowledged this communication.

Mr. Manager person is supposed to call me back at noon. Let’s see what story he cooks up now.

How long ago was that judgement?

They probably either a)added a bunch of fees and penalties, or b)just pulled all of it to make SURE they got enough. I don’t know how garnishment works. It’s possible that if you owed $1000 but only had $500 in the bank, a garnishment for $1000 would simply be refused.

My 401K account says that

there is no penalty if I get it paid back before April 15th. And no penalty if it is to avoid foreclosure? I was putting it into another bank account that they haven’t hit / found and then electronically posting it to the mortgage company.

The other, I’m trying to find out. It was from a lawyer – and I can’t reach a human being there to save my soul. I’ll try later today again. Trouble is, I’m at work and I need to work too!!!