Good point, thank you!

no i cant give them my blood plasma it's mine

Since I see you mentioned Canada in another post, you will likely get more tailored answers in r/personalfinancecanada

Yep. Vanguard or Fidelity are two great places to consider. You will likely have to wait 30 days before you can do it after leaving your job. If you get another job with a 401k, you can consider rolling the prior one into the new one. You can also leave the 401k where it is, but you should expect the trustee to fee you for the account periodically.

In addition to giving more details, you should say "Canada" in the subject line.

People tend to assume US (particularly when you just use a $) and so any advice you get is going to be US-centric.

You could wait until you have a new job and roll it into the new 401k or roll into a personal IRA. It won’t make a huge difference either way

70k a year and paid around 13k

[removed]

Income around 70 , total deducted is like 13,

Impossible to say without knowing your total paycheck.

Do you make $300K per year? Yeah, you still owe them money.

Do you make $30K per year? You probably have a math error somewhere.

If you have one job, then it is very easy to set up your withholding to be exactly the right amount so that you won't owe anything and won't have given the government an interest-free loan.

[deleted]

The credit card companies don't penalize you for using your card, it makes them happy. Your FICO score is determined by the consumer credit reporting companies, Experian, Equifax and TransUnion. They use the data reported to them by the credit card companies.

But if you aren't getting a loan or buying insurance, now, your month-to-month variations don't matter much. The thing you can control is use of your credit card and taking steps to raise your very low limit.

If you aren't getting cash back for "charging everything" why are you doing it? But going over the limit, once in a while, doesn't matter that much. I have a $25k limit on one of my cards and went over 30% utilization twice last year. My FICO bounced back.

Taxable income around 70

>If you decide to pay back early, you still have to pay 38 years worth of interest.

Where in the contract does it say that?

All of it in full on time by the statement date. There is no other formula.

I'm not sure what a w4 is, do they have that in canada?

What was your income and how much did you pay in total? Those are the two questions with taxes. They are just a simple math formula. If you owe, it means you didn't have enough withholding done during the year.

Any input into what to do with 401k? Transfer to a personal IRA?

Without knowing your actual income and your elections on the W4, we can only guess.

>If you decide to pay back early, you still have to pay 38 years worth of interest.

This part is weird and not normal. Are you sure you read the terms of the loan right? Even for 'predatory' loans I have not heard of this before.

Edit: I am not a mortgage lender so its possible loans like these do exist and I don't know about them. But at a minimum I am confident that this is not the norm.

Edit 2: Apparently is legal in at least some parts of Europe. Y'all be wild in what you are letting lenders do. 😜

Pay in full otherwise you're just paying a lot in interest.

Dump b of a for a local credit union.

You're looking at the nominal values, which is hugely misleading when discussing something that spans multiple decades. That 900 euro years from now isn't going to be worth much due to inflation. It's worth less than half after 36 years.

Instead, focus on the interest rate. You're the borrower now. Interest is the "rent" on the borrowed money. If you were the lender, you would want the borrower to pay you back a fair amount, too.

>Loan of €250,000 €27,000 initial deposit Pay back ~€900 per month for 38 years

Interest rate is =RATE(38*12,-900,250000)*12 = 2.86%. I don't know if this is considered low in Europe, but this is a very low rate in the US. There are plenty of things that yield more than 2.86%, including many risk-free instruments such as government bonds. This rate is even on par or below inflation. Assuming your income rises with inflation, you're actually spending less and less fraction of your income on home loan each year.

If paying interest, pay everything you possibly can.

If not paying interest, then pay the statement balance by the statement due date.

Sorry you're in the situation, but looks like the company has been fair enough.

The credit cards first and quickly, yes. Cringed when I read "and a bit of credit card debt around $15k (average interest rate around 20%)." You're currently paying ~$250/mo on credit card interest alone...gotta clear that ouchy.

After that, I'd hold in a money market account until new employment is paying me, then I'd pay off the personal loans...10% is still pretty high.

And then re-assess and ask the question again.