I am in a graduate course and due to health issues have been struggling to do well. I am currently in in-school deferment for my federal student loans and also for private loans with Sallie Mae (all from undergrad). My question is: on the chance that I get an F in this graduate course, would I be required to pay back the Grad Plus Loan used to pay for this course AND will I be required to pay back any payments that were deferred while enrolled in this course?
Also, when a student gets a 'FN' grade in a graduate course are they required to ONLY pay back the amount that was calculated based on their last date of attendance or are they also required to pay back any payments that were deferred while enrolled in this course? Are students offered a payment plan to pay back Title IX funds?
Thank you for any help, already spoke to UMGC and they were very unclear. Will be calling both lenders tomorrow but would like some info because I am so anxious about this.
Also I am not looking to drop or withdraw the semester so please do not suggest that! I am also aware of how grades effect SAP, not looking for clarification on this.

I won't disclose its actual location, so if that's why you're here, sorry to disappoint. It's not time for that yet. However, I do think it's time to start getting the word out. I've noticed an increase in what I'll call "Antennas" lately, or people who can detect cross-planar phase shifts. Without getting into all the math (some of which I don't even know), this is basically a phenomenon which refers to entropy seeping into our universe from other realms or universes or whatever you want to call it. Simply put, people think our universe is a closed system to entropy, meaning that the disorder of any variable in our universe can only increase or decrease in direct proportion to other variables in that same system (the universe). Under this precept, we can establish rules like the Laws of Thermodynamics, and for most people, they're effective. But not for Antennas.
Put another way, if you throw a bunch of bouncy balls into a box, there are a number of different configurations that the balls could take on, with different speeds and magnitudes. You can calculate all of those if you have the right numbers. Now let's say you throw in another set of balls that you don't consider in your calculations of the initial set. Well, then you're not going to get an accurate picture of what's happening. Most people only see the first set and calculate based on that, but some people can see two, three, four or more sets.
You'll understand the concept better when I tell you the story, but I wanted to give you a primer on an important concept that will help you understand why this place, which I'll call "Area X", exists, and what the goals of the people who work there are.
Also note that I'm going to be using the alias "Trent" moving forward. Please refer to me as such in any direct messages.
***
Eighteen years ago I started working as an independent Home Inspector. I dropped out of community college after my first semester (not because I didn't find some of the subjects interesting, but because deference to a man or woman has never been my style) and started working some odd jobs. I did construction work for a couple years, then plumbing. I even drove a garbage truck for six months. I've always found pleasure in using my hands, and getting dirty was never a problem for me. Still, having a boss really dragged ass, so I spent my free time working on creating my own business. It took a few years and lots of savings, but I finally managed to get basic set of Home Inspection equipment: Tyvek coveralls, a cheap half-face respirator, voltage & AFCI/GFCI testers, CO2 and radon monitors, an IR camera, and telescoping mirrors in addition to the boots, safety glasses, electric gloves, ladder, and toolkits I already had on hand.
My buddy at the time was in the business, but he was moving off to the coast, so he helped me get set up and even introduced me to some of his clients. Of course, by that time I had already gotten my State license, but I still was a bit apprehensive to work with insurance agencies. I thought I could make a living working independently, inspecting for mold or sizing up a house for a prospective buyer. Eventually, though, I realized I should probably take every job available to me.
Easing into the business went about as well as it could have. The clients my friend referred to me were very satisfied with my work, and I was able to retain them. Then, in order to increase my reach, I hired someone on Fiverr to build a website for my company which led to a marked increase in traffic and conversions. About six months through, I began to get on a first-name basis with the boys and girls down down at Allstate and Progressive, and they fed me some of the bigger cases. In fact, I got so booked by year's end that I had to hire someone to help manage my schedule and the Excel spreadsheet with all my finances. I capped off a successful year with a 5-star Google rating and a trip to Ireland to visit some family and friends and get piss drunk. When I got back, it was the grindstone all over again, until the summer when I discovered… well, you'll see.
First off, I want to say that I was never one to believe in the paranormal. I grew up watching the movies and hearing the ghost stories round the campfire like every other kid, but it never struck a chord with me. If I can't touch it or see it or hear it, does it really exist? Probably not. So don't go thinking this was a scared man seeing his own shadow. That being said, I had this sense that something was off about this house when I parked along the curb and looked through a large window, perhaps two times the size of my van, to a dingy, dark foyer.
The entire neighborhood was stacked with upper-middle class domiciles, though it seemed like only two thirds of them were occupied, mostly by professionals who commuted to the City every weekday, and the rest were empty. As a man who understands real estate, to say this was strange would be an understatement. Still, I had no problem appraising the mini-mansion for a couple of newlyweds looking to enter the community. I did some research on the property ahead of time, and it seems that it was owned by a couple of old timers who had gone off the grid some time ago. The water and electric bill were both unpaid dating back to 2004 (it was June of '06 now). The bank had repo'd the house (which only had about 100k left on it) and held it for a year and a half before putting it back on the market. I tried to find out more about the old couple who vanished, but there was nothing in the news.
I stepped out of the van in my coveralls and grabbed my suitcase which had my mask, gloves, and eye protection in it. I liked to do a preliminary survey first, running an eye test on the exterior then interior before bringing out the big guns (that way I could identify the areas where I think there could be problems instead of running a metal detector over the whole damn ocean seaboard). I was about to do just that when the window caught my eye again. It felt uncharacteristic of me to be so occupied with this window, but I detoured to the front porch and peeked inside anyway.
Most of the furniture had already been moved out, meaning all that was left was a single three-seater couch, a couple candlesticks on the fireplace mantle, a pristine chandelier overtop a dining room table, and the kitchenware: an oven, gas stovetop, marble countertops, and an island. I could see into the living room very clearly with the afternoon light, but the dining room was dim enough that there were a few structures I couldn't quite make out in the distance. One of them appeared to be some kind of china cabinet or bookshelf—I figured it was the former considering where it was located. The other shadow looked kind of like a grandfather clock. Or at least that's what I thought until it moved.
When I say it "moved", I don't mean to say that it picked up and walked away. If you're not familiar with the Necker Cube, I suggest you search it up, because that kind of illusion is the best way to describe what I saw. At first I was seeing the grandfather clock in a certain way—pushed into the corner of the room—and the next second my vision "corrected" and it was maybe five feet to the left of its former position. I shook my head and looked again and saw the grandfather clock in its second orientation, standing in the center of the room against the wall. I figured I was just seeing things, but even so I spent a little extra time dawdling around the Egress window, taking notes, and delaying the interior inspection.
When I finally grew a pair and went inside, I walked straight to the dining room. Sure enough, the grandfather clock was stowed away in the corner of the room. I spent a couple minutes watching it with my pencil and travel notebook out. I'm the kind of guy that likes to collect hard data when the chips are down. Unfortunately, the clock apparently already had enough fun and was content with sweating me. Oh, well.
I fitted my pencil behind my ear and pocketed my travel notebook, then flipped the rest of the first floor lights on and completed my prelim. I concluded that everything was pretty standard. If anything, the house was in better shape than I'd expect considering it presumably hasn't been lived in for a couple years. I say "presumably" because one can never count out squatters, even during those times. Mainly I was expecting more dust build up and cobwebs than there were. Perhaps someone from the department had come by recently. It's unlikely, but possible.
I did the same check upstairs and it came back mostly clean. There was a bit of staining near the attic I wanted to check for mold. Based on its color, it was probably just a minor case of Aspergillus, but better safe than sorry. Then I got to the basement, and, well, let's just count out the idea of anyone dropping by. I don't know what I was expecting, but it certainly wasn't what I found.
The first thing that caught my eye was the long, slender body of a birch tree lying pale and dead across a large portion of the even larger unfinished basement's cement flooring. I had to do a double take to make sure I wasn't dreaming, but, yep, there it was. Its crown was sealed up in the wall with only its trunk hanging out, which made me think of those medieval pillory devices which locked up people's heads and arms. Then confetti-scattered around the tree and all over the basement floor was a minefield of broken glass and ceramic tangled up with a set of random objects. And when I say random, I mean random. There was an unfurled Somali flag (the blue one with a single star in the center), some packaged drinks and condiments branded with all sorts of different languages (I could only make out Gaelic and Chinese or Japanese, I couldn't quite tell), a broken dome-shaped security camera, an otoscope (the thing the doc uses to check your ears), Hot Wheels cars (okay that one isn't so strange), and the list goes on.
At that moment, I wasn't freaked out or disgusted. I was more or less just confused. I started walking through the rubble, trying to avoid the sharp fragments but pretty confident that my steel toed boots would crush most the pieces anyway, when I heard a clink just up ahead. I was able to spot the coin in time, just before it jingled to a halt atop an old Life magazine. I picked it up and noted right away its oval shape and bronze color—clearly not American made. I tried reading it, but not only was the language not English, it appeared to be so old that most of the lettering had been filed down. I looked up at the ceiling to see if it dropped from a shelf, but there was nothing that could have been holding the coin. I considered for a moment, looking around at the other junk, and had the crazy idea that maybe all this stuff just appeared here. I popped the coin in my pocket and headed back to the van when I stopped by the tree and realized something. It wasn't a birch tree—it was a palm tree. I just didn't realize because of how ashy and decayed the bark was.
Now at this point you might think I've been acting a little nonchalant for such a strange occurrence, and I don't blame you, but if you're gonna stick around with me that's just something you're gonna have to get used to. I guess I was just born with a screw loose, but I really don't scare easily, and I tend to look at everything pragmatically. If you dig deep enough, you'll always find another plausible explanation. That being said, I do want to get to the part about Area X, so let me give you the rundown on what I learned about this basement.
I ended up trekking back to the van and picking up my gear. I was no longer running the routine inspection, obviously, but I figured I might as well throw 30 thousand dollars of scanning equipment at whatever the fuck anamoly existed in that basement. Most of it came back negative. There was a bit higher-than-usual EM interference as picked up on the voltmeters, but nothing that screamed danger close. Still, it was enough for me to set up my volt testers and IR camera while muddling through the rest of the junk. I won't bore you with another list of items, but I did find one thing of value: a diamond necklace. And not just any diamond necklace, it was one of those Queen-wearing, multi-row, big-jeweled necklaces like out of some Historical Fiction movie from the thirties. I almost didn't pocket it because I'm used to expensive items being owned by someone… someone who might want it back. But I figured if there was ever a place the finder's keeper's rule applied, it was probably in this Quantum graveyard.
7 O'clock rolled around and I hadn't eaten. I'm a pretty bulky guy, carrying my share of both muscle and fat, and most people think that means I need to eat a ton but that's really not the case. Mostly I just get dehydrated easily, especially in the summer. That said, I was bordering on famished territory and considered heading out for a bite when I heard another sound. The first thing I did was check my scanners, and sure enough the voltage needle was fully spun to the right side of the dial. EM interference. Then I went to see what had dropped. I was able to pick the object out pretty quickly since I had spent the last 6 hours staring at the mosaic of a basement floor. It was a silver briefcase, like one of those out of a crime novel, and it was cracked open.
I had this sense then that I was standing at a precipice, and if I opened the briefcase and looked inside, I wouldn't be able to stop whatever would come afterwards. Part of me deep down knew that I was just that type of guy that had to know, and maybe this was my Hamlet moment where it would be a trait gone a step too far. But then again I didn't really believe in any of that sentimental bullshit, so I opened the briefcase.
The gun surprised me a little, but not as much as the piece of paper laid atop a case file reading in large black font, "FIND ME". I expected the envelope to have some missing person file in it, but instead there were all these schematics and blueprints for some kind of device. Whatever it was, it was pretty massive. Some of the lengths were hundreds of meters long. And what's more strange is based on the blueprint's locale, it appeared to be underground. I looked back through the pages a couple times, then checked the note—nothing strange there. The gun appeared to be a simple glock. I was no gun expert, but I had been to the range pretty regularly with my construction buddies, so I got used to the feel of a pistol and rifle and some of the different names; however, I realized pretty quickly it wasn't your standard glock when I couldn't find mag-release. That's when I noticed how light the gun felt. I tried to chamber a round, but again, there was no hammer. What the hell kind of gun was this?
I ended up throwing everything back in the briefcase, including the necklace, coin, and a few Koozies I found that were branded with one of my favorite sports teams (never let an opportunity go to waste). I put up all my shit back in the van and spun over to a local burger joint, got my fill, and went home. I made sure to draft an email to the prospective buyers, telling them the house had several patches of black mold and a bit of a rat problem before drifting off to sleep. Although I really didn't do much of that.
When I woke up, I took a cold shower and downed a can of Reign, then commuted to my gym and got a lift and some sauna time in before making the trip back to the house. I brought some extra supplies with me for some experiments I cooked up while not sleeping the previous night.
First, I had two camcorders set up on a couple tripods in either corner of the basement. I wanted clear footage of these mystery objects spawning in. Then I set up a voltmeter in a similar fashion, but I had a wire extending out of it on a circuit which fed to an alarm that would blare when the reading was over 250 volts. Upstairs, I rearranged some of the furniture so that the small number of tables, chairs, clock, cabinets, and other little pillows or vases I could find were scattered across the living room, dining room, and kitchen. Then I pulled up a lawn chair to the front porch window and waited.
I didn't have to wait long though. In about a minute, I started to notice some of the objects moving. It was strange. When a few of them would shift simultaneously, it was like looking at a holographic card that would change shape depending on where your eyes were in relation to the image. Every time I saw a shift, I felt an awkward feeling in my eyes. They went blurry for a fraction of a second, then there was a twinge of pain, as if my brain couldn't handle the contradictory stimulus. It didn't get more crazy than that though—until the alarm went off.
I had cracked open the small rectangular window in the basement to the side of the house so I would hear it. It took four hours and several strange stares from passersby walking their dogs before it rang, so I was a bit lost in my thoughts, but when I heard the beep I perked up fast. It lasted for maybe 5 seconds total, but what I saw was truly miraculous. The best way I can describe it is a pool of silver or gray or translucent light emerging in the foreground between me and the objects in the different rooms. A series of twisting tentacles sprouted from the gray octopus-like head and spun in a way that reminded me of that little kids ride at the amusement parks. Then the objects started to "heat up" is the way I describe it. Their position became relative, meaning they were here one second, there another, then they popped out of existence entirely. Suddenly the rooms were all empty, then they were full of things I had never seen before. Then five seconds passed and the octopus vanished and it was back to the same old objects in their usual places.
It took a few minutes to process what I saw, and even then I wasn't sure I really saw it. I went inside and looked around at my distribution of the house's furnishings. They were all there, intact. Then I went downstairs to check the cams. I rewinded a couple minutes and played it back, but there was no flying object to be found. Instead, there was some gray static that lasted half a second and then the object, a kid's treasure chest toy, was there on the ground. But you want to know the really strange part? I rewinded the tape again, and when I watched the footage back, the treasure chest was always there.
I later came to understand that these poppings in-and-out of our reality are only conceivable to a conscious mind that can track the interference patterns—not rote computational instruments. In fact, even most people can't do it (although everyone has at least a slight awareness of it, even if only subconsciously). Plus, locations like the basement of this house are very rare and kept under tight lock. That became obvious to me two days later when, after my normal morning routine, I pulled up to a driveway and curbside filled with unmarked government vehicles. Either bravely or stupidly, I pulled up to a few officers (they were wearing suits in 85 degree weather, so I assumed…) who were idling by the large fence of crime scene tape and asked them what the score was.
"There was a crime," said the short man with a unibrow.
"Oh, is that right? Damn shame. Someone break in? I have a niece who lives nearby, so…"
The man looked at his two compatriots, both of whom were wearing sunglasses and a "get this civilian fuck out of here" expressions. "Oh, yeah," he started in a reassuring tone that was so condescending it would have annoyed anyone except me, "we found a body. We think it was a homicide. Best to keep your kids away from here for a while."
I thumbed the stubble on my chin, my other hand outstretched on the wheel, and considered moving on, but my mouth had other ideas. "That right? But uh, isn't this house vacant? I mean, I don't remember no one living in it."
The short man, now tall with temper, said, "Yeah, some squatters. We think there was a dispute over some drug money. Nothing for you to worry about though, we got it under control. Now if you wouldn't mind moving along, we have a lot of work to do."
Oh, I'm sure you do, I thought, but only said, "Of course, sir, sorry for keeping you from your job." Then I rolled up the window and cruised on, keeping my eyes on the house which slowly diminished in the side-view mirror.
Luckily I had been smart enough to break down my camp and lug home all my equipment each night, so I didn't leave anything incriminating. I didn't move the furniture back, so maybe that would come back to haunt me, but considering the kind of shit going down in that house, I didn't think they would notice.
For any of you wondering about the conclusion of the house story, I went back a couple weeks later after the suits had left and the tape was taken down and confirmed that not only was the basement entirely cleaned out, but it was no longer exhibiting any strange properties. I looked for a story related to the house, maybe a made up murder of some kind, but there was nothing. That bastard lied to me and didn't even bother to cover his story up.
Now, in the aftermath of an event such as this, I really only had one of two options. I could forget it, move on, continue living life. The necklace was surely worth a fortune. I could sell it and have enough to retire, or at least hire enough people and expand my business large enough to retire within ten or so years. Or I could take all that money and invest it in my own PI business with only a single objective: finding out what those people knew, and why they were hiding it.
I think you know me well enough by now to guess which line of reasoning appealed more to me.
***
For the sake of brevity, I'm going to omit most of my encounters along the journey to discovering Area X. There's a lot to tell, and if it appeals to you perhaps I'd be willing to share at a later date, but for now I want to get this part of the story, the more proximal part, out in the open.
Three years ago, I discovered the source of what I'll call "The Receiver". This is the device that was schematized in the documents that I found in the briefcase. What it does is a complex answer, and how it does it is pretty much all speculation, but here's what I've been able to find out: this universe we live in is a node in a network of many other spaces. These spaces exist in higher dimensions that we cannot directly perceive, but using a conceivable analogy, just think about a flower with petals. The petals are these other dimensions which bleed into our world, which is at the center. However, it's not that pretty. We see the physical world through the lens of spacetime: sizes, speeds, etc. These other dimensions don't necessarily have space or time. In fact, what actually exists there, I couldn't say. The only data I have on them is from two sources: correspondence information and server data from the secret agency (which I'll call "the Organization") that keeps this under wraps, and first-hand experience with realms from these other entities, either directly (I experience it) or through the eyes of someone else with the same or greater abilities than I possess.
I referred to these people with abilities earlier as "Antennas", and I will continue to use the term. Antennas really come in three flavors, marked by the strength of their ability: weak Antennas, like me, are able to observe spontaneous interactions between our universe and other dimensions (phase shifts) when there is a strong force of collision like existed in the basement; moderate Antennas may see phase shifts occur at any point, and they usually are able to retain memories from across the different transformations; strong Antennas, and I don't know if they exist yet, but they are able to consciously interact with these other realms and cause phase shifts to occur.
I mentioned that moderate Antennas are able to retain memories from before and after a phase shift. Technically, all Antennas have this ability, but it's about degree. I can recall only very specific instances and without much detail. Moderates are usually able to pick out much more nuanced minutiae. At the lower end of moderate scale, most of those details fade or get fuzzy over time, but for the very strong Antennas, they hold onto almost everything. One other property that scales with strength is interaction with other conscious entities. Only a small percentage of moderates are able to do this. What's interesting is that these entities can possess (yes, like ghosts) people who aren't even antennas, but no one is aware of such possession at this deep of a level. I have several companions now, and only two have had interactions with these otherworldly beings. Not all of them are malevolent, some of them are whimsical or kind, but there are a fair share of demons out there.
Getting back to the point, Area X started as a government funded project in the 70's. At that time, they were focused on a few subjects: Artificial Intelligence, DNA sequencing, and psychedelics. Yes, they were part of the infamous LSD experiments. But they looked at these subjects through a common lens—there was something that the burgeoning tech industry, fueled by the advent of a commercial computer market, was missing. As the tech giants rose in the early 2000's and began to collect mass amounts of data, this other agency was decades ahead in a different metric, although it was completely (and still is) hidden from the public. Their efforts to understand psychedelic experiences led to a formalized method of understanding interactions between multiple realities. They built certain scanning equipment to detect anomalies like the one I found in the basement; although their tools were much more sophisticated and didn't utilize voltage readings. Then they ran tests in these areas. One area in particular is a hot-bed of phase shift interactions. That's where Area X is located (and the Receiver).
The Receiver is a giant electromagnetic orb that has trapped the kind of multi-dimensional energy that causes the phase shifts; since the Organization seized control of the lab, it's effectively become a map of the Earth in relation to these other worlds. For the past twenty or so years, the Organization has been studying this map, using the data big Tech companies have collected to essentially develop a Rosetta Stone for interpreting the meaning of the fluctuations in their scanning equipment. Recently, the public, though going the long way round, was actually pretty close to a breakthrough in this same department until recently when ultra-powerful LLMs surfaced, and the whole world began going down what I'd argue is the wrong rabbit hole of language processing. But I digress.
Area X is essentially a private military base built for defending the most impactful piece of technology ever invented. With the Receiver, the Organization now has the power to essentially predict any and all future outcomes, the only thing holding them back is the limitations of their own scanning equipment which will get better with time. To put it into perspective, the Organization has access to a kind of data allocation tool which in one day can produce over ten thousand times that the Big Data companies combined would be able to filter through in the next decade. You might think, then, that the problem is merely asymmetric power, and that is certainly a concern, but it isn't the main concern. The main issue is that this organization is actively recruiting (and kidnapping) Antennas from around the world in an effort to find or make one of them into a strong Antenna. In other words, they want a subject who is able not only to see the future, but to manipulate it at will.
balance to the world. I've been working on amassing resources, capital, and building my own team, and now I'm ready. You might ask why I'm posting this here. Wouldn't it be better to keep all this secret? Well, yes, it would be. But that's the problem. Nothing is secret anymore. They know about me and the others, and if I don't make a move, they will. In a way, this is a letter directly to the organization that I know, and I'm coming.
In a different way, I wanted to release this information to the public. There are lots of people out there waking up and realizing that the world they experience is not the one others experience. If you think you might be an Antenna, don't be afraid—you have a special gift that can be controlled. If you want more details on how to control it, or if you're interested in my mission, don't be afraid to reach out. This hasn't always been my life's work, but it is now.
At least until I die.

I won't disclose its actual location, so if that's why you're here, sorry to disappoint. It's not time for that yet. However, I do think it's time to start getting the word out. I've noticed an increase in what I'll call "Antennas" lately, or people who can detect cross-planar phase shifts. Without getting into all the math (some of which I don't even know), this is basically a phenomenon which refers to entropy seeping into our universe from other realms or universes or whatever you want to call it. Simply put, people think our universe is a closed system to entropy, meaning that the disorder of any variable in our universe can only increase or decrease in direct proportion to other variables in that same system (the universe). Under this precept, we can establish rules like the Laws of Thermodynamics, and for most people, they're effective. But not for Antennas.
Put another way, if you throw a bunch of bouncy balls into a box, there are a number of different configurations that the balls could take on, with different speeds and magnitudes. You can calculate all of those if you have the right numbers. Now let's say you throw in another set of balls that you don't consider in your calculations of the initial set. Well, then you're not going to get an accurate picture of what's happening. Most people only see the first set and calculate based on that, but some people can see two, three, four or more sets.
You'll understand the concept better when I tell you the story, but I wanted to give you a primer on an important concept that will help you understand why this place, which I'll call "Area X", exists, and what the goals of the people who work there are.
Also note that I'm going to be using the alias "Trent" moving forward. Please refer to me as such in any direct messages.
***
Eighteen years ago I started working as an independent Home Inspector. I dropped out of community college after my first semester (not because I didn't find some of the subjects interesting, but because deference to a man or woman has never been my style) and started working some odd jobs. I did construction work for a couple years, then plumbing. I even drove a garbage truck for six months. I've always found pleasure in using my hands, and getting dirty was never a problem for me. Still, having a boss really dragged ass, so I spent my free time working on creating my own business. It took a few years and lots of savings, but I finally managed to get basic set of Home Inspection equipment: Tyvek coveralls, a cheap half-face respirator, voltage & AFCI/GFCI testers, CO2 and radon monitors, an IR camera, and telescoping mirrors in addition to the boots, safety glasses, electric gloves, ladder, and toolkits I already had on hand.
My buddy at the time was in the business, but he was moving off to the coast, so he helped me get set up and even introduced me to some of his clients. Of course, by that time I had already gotten my State license, but I still was a bit apprehensive to work with insurance agencies. I thought I could make a living working independently, inspecting for mold or sizing up a house for a prospective buyer. Eventually, though, I realized I should probably take every job available to me.
Easing into the business went about as well as it could have. The clients my friend referred to me were very satisfied with my work, and I was able to retain them. Then, in order to increase my reach, I hired someone on Fiverr to build a website for my company which led to a marked increase in traffic and conversions. About six months through, I began to get on a first-name basis with the boys and girls down down at Allstate and Progressive, and they fed me some of the bigger cases. In fact, I got so booked by year's end that I had to hire someone to help manage my schedule and the Excel spreadsheet with all my finances. I capped off a successful year with a 5-star Google rating and a trip to Ireland to visit some family and friends and get piss drunk. When I got back, it was the grindstone all over again, until the summer when I discovered… well, you'll see.
First off, I want to say that I was never one to believe in the paranormal. I grew up watching the movies and hearing the ghost stories round the campfire like every other kid, but it never struck a chord with me. If I can't touch it or see it or hear it, does it really exist? Probably not. So don't go thinking this was a scared man seeing his own shadow. That being said, I had this sense that something was off about this house when I parked along the curb and looked through a large window, perhaps two times the size of my van, to a dingy, dark foyer.
The entire neighborhood was stacked with upper-middle class domiciles, though it seemed like only two thirds of them were occupied, mostly by professionals who commuted to the City every weekday, and the rest were empty. As a man who understands real estate, to say this was strange would be an understatement. Still, I had no problem appraising the mini-mansion for a couple of newlyweds looking to enter the community. I did some research on the property ahead of time, and it seems that it was owned by a couple of old timers who had gone off the grid some time ago. The water and electric bill were both unpaid dating back to 2004 (it was June of '06 now). The bank had repo'd the house (which only had about 100k left on it) and held it for a year and a half before putting it back on the market. I tried to find out more about the old couple who vanished, but there was nothing in the news.
I stepped out of the van in my coveralls and grabbed my suitcase which had my mask, gloves, and eye protection in it. I liked to do a preliminary survey first, running an eye test on the exterior then interior before bringing out the big guns (that way I could identify the areas where I think there could be problems instead of running a metal detector over the whole damn ocean seaboard). I was about to do just that when the window caught my eye again. It felt uncharacteristic of me to be so occupied with this window, but I detoured to the front porch and peeked inside anyway.
Most of the furniture had already been moved out, meaning all that was left was a single three-seater couch, a couple candlesticks on the fireplace mantle, a pristine chandelier overtop a dining room table, and the kitchenware: an oven, gas stovetop, marble countertops, and an island. I could see into the living room very clearly with the afternoon light, but the dining room was dim enough that there were a few structures I couldn't quite make out in the distance. One of them appeared to be some kind of china cabinet or bookshelf—I figured it was the former considering where it was located. The other shadow looked kind of like a grandfather clock. Or at least that's what I thought until it moved.
When I say it "moved", I don't mean to say that it picked up and walked away. If you're not familiar with the Necker Cube, I suggest you search it up, because that kind of illusion is the best way to describe what I saw. At first I was seeing the grandfather clock in a certain way—pushed into the corner of the room—and the next second my vision "corrected" and it was maybe five feet to the left of its former position. I shook my head and looked again and saw the grandfather clock in its second orientation, standing in the center of the room against the wall. I figured I was just seeing things, but even so I spent a little extra time dawdling around the Egress window, taking notes, and delaying the interior inspection.
When I finally grew a pair and went inside, I walked straight to the dining room. Sure enough, the grandfather clock was stowed away in the corner of the room. I spent a couple minutes watching it with my pencil and travel notebook out. I'm the kind of guy that likes to collect hard data when the chips are down. Unfortunately, the clock apparently already had enough fun and was content with sweating me. Oh, well.
I fitted my pencil behind my ear and pocketed my travel notebook, then flipped the rest of the first floor lights on and completed my prelim. I concluded that everything was pretty standard. If anything, the house was in better shape than I'd expect considering it presumably hasn't been lived in for a couple years. I say "presumably" because one can never count out squatters, even during those times. Mainly I was expecting more dust build up and cobwebs than there were. Perhaps someone from the department had come by recently. It's unlikely, but possible.
I did the same check upstairs and it came back mostly clean. There was a bit of staining near the attic I wanted to check for mold. Based on its color, it was probably just a minor case of Aspergillus, but better safe than sorry. Then I got to the basement, and, well, let's just count out the idea of anyone dropping by. I don't know what I was expecting, but it certainly wasn't what I found.
The first thing that caught my eye was the long, slender body of a birch tree lying pale and dead across a large portion of the even larger unfinished basement's cement flooring. I had to do a double take to make sure I wasn't dreaming, but, yep, there it was. Its crown was sealed up in the wall with only its trunk hanging out, which made me think of those medieval pillory devices which locked up people's heads and arms. Then confetti-scattered around the tree and all over the basement floor was a minefield of broken glass and ceramic tangled up with a set of random objects. And when I say random, I mean random. There was an unfurled Somali flag (the blue one with a single star in the center), some packaged drinks and condiments branded with all sorts of different languages (I could only make out Gaelic and Chinese or Japanese, I couldn't quite tell), a broken dome-shaped security camera, an otoscope (the thing the doc uses to check your ears), Hot Wheels cars (okay that one isn't so strange), and the list goes on.
At that moment, I wasn't freaked out or disgusted. I was more or less just confused. I started walking through the rubble, trying to avoid the sharp fragments but pretty confident that my steel toed boots would crush most the pieces anyway, when I heard a clink just up ahead. I was able to spot the coin in time, just before it jingled to a halt atop an old Life magazine. I picked it up and noted right away its oval shape and bronze color—clearly not American made. I tried reading it, but not only was the language not English, it appeared to be so old that most of the lettering had been filed down. I looked up at the ceiling to see if it dropped from a shelf, but there was nothing that could have been holding the coin. I considered for a moment, looking around at the other junk, and had the crazy idea that maybe all this stuff just appeared here. I popped the coin in my pocket and headed back to the van when I stopped by the tree and realized something. It wasn't a birch tree—it was a palm tree. I just didn't realize because of how ashy and decayed the bark was.
Now at this point you might think I've been acting a little nonchalant for such a strange occurrence, and I don't blame you, but if you're gonna stick around with me that's just something you're gonna have to get used to. I guess I was just born with a screw loose, but I really don't scare easily, and I tend to look at everything pragmatically. If you dig deep enough, you'll always find another plausible explanation. That being said, I do want to get to the part about Area X, so let me give you the rundown on what I learned about this basement.
I ended up trekking back to the van and picking up my gear. I was no longer running the routine inspection, obviously, but I figured I might as well throw 30 thousand dollars of scanning equipment at whatever the fuck anamoly existed in that basement. Most of it came back negative. There was a bit higher-than-usual EM interference as picked up on the voltmeters, but nothing that screamed danger close. Still, it was enough for me to set up my volt testers and IR camera while muddling through the rest of the junk. I won't bore you with another list of items, but I did find one thing of value: a diamond necklace. And not just any diamond necklace, it was one of those Queen-wearing, multi-row, big-jeweled necklaces like out of some Historical Fiction movie from the thirties. I almost didn't pocket it because I'm used to expensive items being owned by someone… someone who might want it back. But I figured if there was ever a place the finder's keeper's rule applied, it was probably in this Quantum graveyard.
7 O'clock rolled around and I hadn't eaten. I'm a pretty bulky guy, carrying my share of both muscle and fat, and most people think that means I need to eat a ton but that's really not the case. Mostly I just get dehydrated easily, especially in the summer. That said, I was bordering on famished territory and considered heading out for a bite when I heard another sound. The first thing I did was check my scanners, and sure enough the voltage needle was fully spun to the right side of the dial. EM interference. Then I went to see what had dropped. I was able to pick the object out pretty quickly since I had spent the last 6 hours staring at the mosaic of a basement floor. It was a silver briefcase, like one of those out of a crime novel, and it was cracked open.
I had this sense then that I was standing at a precipice, and if I opened the briefcase and looked inside, I wouldn't be able to stop whatever would come afterwards. Part of me deep down knew that I was just that type of guy that had to know, and maybe this was my Hamlet moment where it would be a trait gone a step too far. But then again I didn't really believe in any of that sentimental bullshit, so I opened the briefcase.
The gun surprised me a little, but not as much as the piece of paper laid atop a case file reading in large black font, "FIND ME". I expected the envelope to have some missing person file in it, but instead there were all these schematics and blueprints for some kind of device. Whatever it was, it was pretty massive. Some of the lengths were hundreds of meters long. And what's more strange is based on the blueprint's locale, it appeared to be underground. I looked back through the pages a couple times, then checked the note—nothing strange there. The gun appeared to be a simple glock. I was no gun expert, but I had been to the range pretty regularly with my construction buddies, so I got used to the feel of a pistol and rifle and some of the different names; however, I realized pretty quickly it wasn't your standard glock when I couldn't find mag-release. That's when I noticed how light the gun felt. I tried to chamber a round, but again, there was no hammer. What the hell kind of gun was this?
I ended up throwing everything back in the briefcase, including the necklace, coin, and a few Koozies I found that were branded with one of my favorite sports teams (never let an opportunity go to waste). I put up all my shit back in the van and spun over to a local burger joint, got my fill, and went home. I made sure to draft an email to the prospective buyers, telling them the house had several patches of black mold and a bit of a rat problem before drifting off to sleep. Although I really didn't do much of that.
When I woke up, I took a cold shower and downed a can of Reign, then commuted to my gym and got a lift and some sauna time in before making the trip back to the house. I brought some extra supplies with me for some experiments I cooked up while not sleeping the previous night.
First, I had two camcorders set up on a couple tripods in either corner of the basement. I wanted clear footage of these mystery objects spawning in. Then I set up a voltmeter in a similar fashion, but I had a wire extending out of it on a circuit which fed to an alarm that would blare when the reading was over 250 volts. Upstairs, I rearranged some of the furniture so that the small number of tables, chairs, clock, cabinets, and other little pillows or vases I could find were scattered across the living room, dining room, and kitchen. Then I pulled up a lawn chair to the front porch window and waited.
I didn't have to wait long though. In about a minute, I started to notice some of the objects moving. It was strange. When a few of them would shift simultaneously, it was like looking at a holographic card that would change shape depending on where your eyes were in relation to the image. Every time I saw a shift, I felt an awkward feeling in my eyes. They went blurry for a fraction of a second, then there was a twinge of pain, as if my brain couldn't handle the contradictory stimulus. It didn't get more crazy than that though—until the alarm went off.
I had cracked open the small rectangular window in the basement to the side of the house so I would hear it. It took four hours and several strange stares from passersby walking their dogs before it rang, so I was a bit lost in my thoughts, but when I heard the beep I perked up fast. It lasted for maybe 5 seconds total, but what I saw was truly miraculous. The best way I can describe it is a pool of silver or gray or translucent light emerging in the foreground between me and the objects in the different rooms. A series of twisting tentacles sprouted from the gray octopus-like head and spun in a way that reminded me of that little kids ride at the amusement parks. Then the objects started to "heat up" is the way I describe it. Their position became relative, meaning they were here one second, there another, then they popped out of existence entirely. Suddenly the rooms were all empty, then they were full of things I had never seen before. Then five seconds passed and the octopus vanished and it was back to the same old objects in their usual places.
It took a few minutes to process what I saw, and even then I wasn't sure I really saw it. I went inside and looked around at my distribution of the house's furnishings. They were all there, intact. Then I went downstairs to check the cams. I rewinded a couple minutes and played it back, but there was no flying object to be found. Instead, there was some gray static that lasted half a second and then the object, a kid's treasure chest toy, was there on the ground. But you want to know the really strange part? I rewinded the tape again, and when I watched the footage back, the treasure chest was always there.
I later came to understand that these poppings in-and-out of our reality are only conceivable to a conscious mind that can track the interference patterns—not rote computational instruments. In fact, even most people can't do it (although everyone has at least a slight awareness of it, even if only subconsciously). Plus, locations like the basement of this house are very rare and kept under tight lock. That became obvious to me two days later when, after my normal morning routine, I pulled up to a driveway and curbside filled with unmarked government vehicles. Either bravely or stupidly, I pulled up to a few officers (they were wearing suits in 85 degree weather, so I assumed…) who were idling by the large fence of crime scene tape and asked them what the score was.
"There was a crime," said the short man with a unibrow.
"Oh, is that right? Damn shame. Someone break in? I have a niece who lives nearby, so…"
The man looked at his two compatriots, both of whom were wearing sunglasses and a "get this civilian fuck out of here" expressions. "Oh, yeah," he started in a reassuring tone that was so condescending it would have annoyed anyone except me, "we found a body. We think it was a homicide. Best to keep your kids away from here for a while."
I thumbed the stubble on my chin, my other hand outstretched on the wheel, and considered moving on, but my mouth had other ideas. "That right? But uh, isn't this house vacant? I mean, I don't remember no one living in it."
The short man, now tall with temper, said, "Yeah, some squatters. We think there was a dispute over some drug money. Nothing for you to worry about though, we got it under control. Now if you wouldn't mind moving along, we have a lot of work to do."
Oh, I'm sure you do, I thought, but only said, "Of course, sir, sorry for keeping you from your job." Then I rolled up the window and cruised on, keeping my eyes on the house which slowly diminished in the side-view mirror.
Luckily I had been smart enough to break down my camp and lug home all my equipment each night, so I didn't leave anything incriminating. I didn't move the furniture back, so maybe that would come back to haunt me, but considering the kind of shit going down in that house, I didn't think they would notice.
For any of you wondering about the conclusion of the house story, I went back a couple weeks later after the suits had left and the tape was taken down and confirmed that not only was the basement entirely cleaned out, but it was no longer exhibiting any strange properties. I looked for a story related to the house, maybe a made up murder of some kind, but there was nothing. That bastard lied to me and didn't even bother to cover his story up.
Now, in the aftermath of an event such as this, I really only had one of two options. I could forget it, move on, continue living life. The necklace was surely worth a fortune. I could sell it and have enough to retire, or at least hire enough people and expand my business large enough to retire within ten or so years. Or I could take all that money and invest it in my own PI business with only a single objective: finding out what those people knew, and why they were hiding it.
I think you know me well enough by now to guess which line of reasoning appealed more to me.
***
For the sake of brevity, I'm going to omit most of my encounters along the journey to discovering Area X. There's a lot to tell, and if it appeals to you perhaps I'd be willing to share at a later date, but for now I want to get this part of the story, the more proximal part, out in the open.
Three years ago, I discovered the source of what I'll call "The Receiver". This is the device that was schematized in the documents that I found in the briefcase. What it does is a complex answer, and how it does it is pretty much all speculation, but here's what I've been able to find out: this universe we live in is a node in a network of many other spaces. These spaces exist in higher dimensions that we cannot directly perceive, but using a conceivable analogy, just think about a flower with petals. The petals are these other dimensions which bleed into our world, which is at the center. However, it's not that pretty. We see the physical world through the lens of spacetime: sizes, speeds, etc. These other dimensions don't necessarily have space or time. In fact, what actually exists there, I couldn't say. The only data I have on them is from two sources: correspondence information and server data from the secret agency (which I'll call "the Organization") that keeps this under wraps, and first-hand experience with realms from these other entities, either directly (I experience it) or through the eyes of someone else with the same or greater abilities than I possess.
I referred to these people with abilities earlier as "Antennas", and I will continue to use the term. Antennas really come in three flavors, marked by the strength of their ability: weak Antennas, like me, are able to observe spontaneous interactions between our universe and other dimensions (phase shifts) when there is a strong force of collision like existed in the basement; moderate Antennas may see phase shifts occur at any point, and they usually are able to retain memories from across the different transformations; strong Antennas, and I don't know if they exist yet, but they are able to consciously interact with these other realms and cause phase shifts to occur.
I mentioned that moderate Antennas are able to retain memories from before and after a phase shift. Technically, all Antennas have this ability, but it's about degree. I can recall only very specific instances and without much detail. Moderates are usually able to pick out much more nuanced minutiae. At the lower end of moderate scale, most of those details fade or get fuzzy over time, but for the very strong Antennas, they hold onto almost everything. One other property that scales with strength is interaction with other conscious entities. Only a small percentage of moderates are able to do this. What's interesting is that these entities can possess (yes, like ghosts) people who aren't even antennas, but no one is aware of such possession at this deep of a level. I have several companions now, and only two have had interactions with these otherworldly beings. Not all of them are malevolent, some of them are whimsical or kind, but there are a fair share of demons out there.
Getting back to the point, Area X started as a government funded project in the 70's. At that time, they were focused on a few subjects: Artificial Intelligence, DNA sequencing, and psychedelics. Yes, they were part of the infamous LSD experiments. But they looked at these subjects through a common lens—there was something that the burgeoning tech industry, fueled by the advent of a commercial computer market, was missing. As the tech giants rose in the early 2000's and began to collect mass amounts of data, this other agency was decades ahead in a different metric, although it was completely (and still is) hidden from the public. Their efforts to understand psychedelic experiences led to a formalized method of understanding interactions between multiple realities. They built certain scanning equipment to detect anomalies like the one I found in the basement; although their tools were much more sophisticated and didn't utilize voltage readings. Then they ran tests in these areas. One area in particular is a hot-bed of phase shift interactions. That's where Area X is located (and the Receiver).
The Receiver is a giant electromagnetic orb that has trapped the kind of multi-dimensional energy that causes the phase shifts; since the Organization seized control of the lab, it's effectively become a map of the Earth in relation to these other worlds. For the past twenty or so years, the Organization has been studying this map, using the data big Tech companies have collected to essentially develop a Rosetta Stone for interpreting the meaning of the fluctuations in their scanning equipment. Recently, the public, though going the long way round, was actually pretty close to a breakthrough in this same department until recently when ultra-powerful LLMs surfaced, and the whole world began going down what I'd argue is the wrong rabbit hole of language processing. But I digress.
Area X is essentially a private military base built for defending the most impactful piece of technology ever invented. With the Receiver, the Organization now has the power to essentially predict any and all future outcomes, the only thing holding them back is the limitations of their own scanning equipment which will get better with time. To put it into perspective, the Organization has access to a kind of data allocation tool which in one day can produce over ten thousand times that the Big Data companies combined would be able to filter through in the next decade. You might think, then, that the problem is merely asymmetric power, and that is certainly a concern, but it isn't the main concern. The main issue is that this organization is actively recruiting (and kidnapping) Antennas from around the world in an effort to find or make one of them into a strong Antenna. In other words, they want a subject who is able not only to see the future, but to manipulate it at will.
balance to the world. I've been working on amassing resources, capital, and building my own team, and now I'm ready. You might ask why I'm posting this here. Wouldn't it be better to keep all this secret? Well, yes, it would be. But that's the problem. Nothing is secret anymore. They know about me and the others, and if I don't make a move, they will. In a way, this is a letter directly to the organization that I know, and I'm coming.
In a different way, I wanted to release this information to the public. There are lots of people out there waking up and realizing that the world they experience is not the one others experience. If you think you might be an Antenna, don't be afraid—you have a special gift that can be controlled. If you want more details on how to control it, or if you're interested in my mission, don't be afraid to reach out. This hasn't always been my life's work, but it is now.
At least until I die.

Hello!
I'm currently 1.5 years into my career, but I've been looking to move out of my country due to economic and deteriorating political conditions of my country. This is my second cycle of applying to US universities, and I've finally got an admission offer at a good public university. I've been praying to get an opportunity to finally leave, but now I am not sure I can do so easily given the circumstances.
Given the US market circumstances and my own current set of experience, I've been leaning towards the decision to defer my admission until the next year due to my financial reasons, but majorly due to my professional exposure so far - I believe I'm taking a very huge risk going into a recessive job market.
Currently, I'm really doing well. I've recently got into a new role where I finally have started to get exposure on things that I did not get in my last role (switched in Feb). I've gotten into a helpful and supportive environment. My team appreciates me. I have a very healthy relationship with my manager. I get paid well by the standards here and have currently a very stable life. Other than that, I live comfortably and don't have much to worry about that would cause me too much mental pressure.
I understand that going abroad is a risk which would help you grow, but given the circumstances, I don't really have faith leaving to first study for a 2 year degree, meanwhile trying to get part time roles in a unfamiliar market, society/culture - trying to simply maintain my life. Now, I honestly think that deferring my admission till the next year is a better choice, where by the time I finally leave, I'll leave with 3 YoE and have a better chance to get roles and opportunities more quickly.
There's also the factor that comes in with age.
I feel unsure. I believe I am taking a calculated risk move that will pay off by not going this year, and instead going the next year. I don't to delay moving by a lot, but this one year should be enough for me. During this time, I want to stick to one of a few things I have in mind, like freelancing or open source.
Any thoughts?
Thank you.

How to prevent tax-paying hell?? I made a huge mistake. When my mom passed away (2021), I became the beneficiary of her tax-deferred annuity account (403b). I left the account alone because at that time, I was undergoing cancer treatment, and had been overwhelmed and distracted. Fast-forward to 2023, and I finally rolled over those inherited assets into a Roth IRA-BDA at Fidelity. It’s been sitting in there since, and earned some interest (in early 2024, I’d invested it in treasury bonds).
Here’s the problem - as I was prepping to file my 2023 income taxes, my CPA said I must recharacterize that Roth IRA into a Traditional IRA as soon as possible, otherwise I would face huge tax consequences. I’ve tried — submitted the Letter of Instruction with Fidelity and explained what happened — but Fidelity can’t transfer those funds into a TIRA because they told me it’s too late (past their 60 days’ grace period since I’d opened that acct), and also because I’d already executed some trades. They also said my initial rollover counts as a conversion already, and therefore cannot be recharacterized.
I could just kick myself - I hadn’t been thinking of the implications of a Roth IRA when I’d first rolled over that inheritance, so now I’m about to be put into tax hell. Is there anything at all that I can do?

Hello,
I need some insights about home loan interest rate cap in Finland. I have had a home loan with 12 month EURIBOR + margin with an interest rate cap which is still valid for a few more years.
Last year, when the interest rate increased, the cap rate got enforced and my monthly payments were not affected. This year, I just had my annual interest rate review and my bank informed me that the monthly installments will increase quite significantly (by a couple of hundreds) even though the interest rate will stay at the cap rate.
When I asked for an explanation, they mentioned that because my loan has a variable annuity and the interest rate this year has increased, the total loan principle has also increased so the monthly installment amount will increase as a result.
I am confused because

1. Should the interest rate cap protect me so I avoid significant increase in my monthly payments?
2. If the interest rate cap does not indeed protect the changes in total principal loan amount due to changes in the interest rate then why does the significant increase happen this year? Last year's interest rate was much higher than this year's so if there were any significant changes to the total principal loan amount, it should have happened last year not this year

The bank kept on repeating the explanation about the variable annuity but did not provide other explanation or even calculations.
Thanks in advance.

Hi all - I’ve never had taxes more complicated than standard employee wages and I don’t understand how anyone figures this out without a team of professionals. I've been reading so many forms and none of them make sense.
Last year, I worked as an employee at a company. I stopped working there last year, 2023. I’m working a contractor job from March through August of 2-24 and I’m trying to figure out quarterly payments when I won’t even be working every quarter. I don’t have any previous years’ taxes from this job to refer to. I know roughly how much I will make in total, but it depends on the hours I log.
I’m trying to fill out the 2024 estimated tax worksheet on page 8 of 2024 Form 1040-ES, but I don’t know what 12b (required annual payment based on prior year’s tax) refers to or how to calculate it. Is that just how much I paid in taxes last year at my old job?
Then, line 13 is "Income tax withheld and estimated to be withheld during 2024 (including income tax withholding on pensions, annuities, certain deferred income, and Additional Medicare Tax withholding)." The instructions for this worksheet end at #12 and I have no idea how to find this information. I thought I was calculating income tax this whole time?? How do I get this number?
Thank you so much!

Is there a calculator that I could put in what my current annuity is and calculate what the equivalent lump sum would be if I had the money in today's dollars?
Example: if I have 1500 per month for 40 years. How can I calc what lump sum I would need to give that amount invested at a 4% conservative return. I might be thinking about it too much.
Motivation: if I figure my annual need in retirement, some amount X. If I withdraw from my nest egg at 4% to get this amount, I will need a total amount today of Y. However, if I have annuity of S each month, then my lump sum only needs to cover the difference with 4% withdrawal, right? That's easy enough. Just adjust to my low lower differential need and the corresponding lower lump sum today. However, I wild like to know what my equivalent lump sum would be today if I include the annuity. I think this will help me to compare my efforts to my peers and feel more comfortable about taking the leap.

First...Previous
Colonist Memory Log: Captain Alan J. Emerson
UNS Evandra
Mechanical melodies of gears grinding together and switches flicking of their own accord surrounded the shrine room as before us the gramophone began softly to whistle and click. “He is here…” Kritivek announced, standing tall and bowing his head in rigid deference to his god.
After a few more seconds, the machine’s output grew in both volume and complexity until at last my GRIM could recognize the clicks as Chitaan language. “Hello, Kritivek.” It began, its voice smooth and rhythmic like something between the crackle of a geiger counter and a typewriter’s telltale racket. “I am glad to see you alive and well. Judging by the fact that Gheyk and Fevik are not with you, however, I calculate an 86% chance that they were not so lucky.”
“You are correct, Great One…” murmured Kritivek, the sadness in his tone underpinned by pure awe and reverence for this being.
For a few seconds, Omnus did not speak, but from the everpresent churn of gears we could quite literally hear him ‘thinking’. “I have logged their names in my backup database,” the machine eventually concluded, its words visibly bringing relief to Kritivek. “They shall be remembered for the remainder of my existence. Please, take solace in that…”
“May they frolic in your glory for all of time,” our Chitaan guide prayed aloud, his words followed by yet another long, smothering silence.
“You hath served me well, Kritivek.” Continued the machine, prompting a delighted chitter from the Chitaan priest. “You may go in peace, for I wish to speak with these Humans alone. Mourn your brothers and celebrate the time you spent together. Perhaps enjoy a flask of bogal poured out in their honor?”
“As you wish, my lord… I will inform those outside that you are in contemplation for this night and can take no more prayers until daybreak.”
Replicating with its gears the gentle rattle of a Chitaan chuckle, Omnus waited until his priest had left before at last speaking directly to the three of us. “You are not native to this planet, correct?” He asked, his words distinctly lacking the emotional inflections of Kritivek’s. “Your arrival here is without precedent, but not entirely unexpected.”
Though clearly far from divine in nature, the being with whom we conversed at this shrine was nevertheless a true marvel to behold: one born not of metaphysics, but rather mechanics. “You’re an AI!” I gasped, that last word having no direct translation in the Chitaan language and as such forcing my translator to make do with the clumsier phrase ‘thinking tool’.
“That is correct,” replied this machine, its words underscored by the distant hiss of steam valves and other clockwork components. “Allow me to offer my most sincere sympathies for the unfortunate demise of your homeworld. Taking into account the trajectory of your ship prior to landing, I presume its origin to be the Cichek system—a G-class star located [forty lightyears] away. Is this hypothesis accurate?”
Awkwardly clearing his throat in a bid to obtain the AI’s attention, it was Alex who next deigned to speak out. “You would be dead on,” he affirmed, his tone betraying an understandable degree of awe. “Though our name for it is the Sol system. How long have you known about our ship for?”
“I first detected the gravitational anomaly in our system approximately [3 months] ago. Initially, I had mistaken your vessel for an asteroid and as such expected it to continue on its prior trajectory. Asteroids, however, do not suddenly change course in the direction of nearby planets like your ship did [hours] ago.”
“Are you entirely clockwork?” I asked Omnus, gesturing incredulously toward its walls of grinding machinery. Surely, that could not be the case. For a convincingly sapient AI to be constructed on the basis of such primitive technology, it would require decades or perhaps even centuries of construction.
Again, silence fell over the room as Omnus mechanically contemplated my query, meeting it with a reply after some twenty seconds of deliberation. “What else might I be?” The machine asked, providing me implicitly with my answer. “While I have theorized several possible avenues for technologies more advanced than myself, including electronic and organic integration, such methods appear to have been beyond my creators' capabilities.”
“That brings up another question…” Alice interjected, recovering at last from the sheer shock of encountering a sapient machine. “Who built you and why?” Despite years of exponential advancement in the field of computer science, true AI nevertheless had continued to elude mankind. Convincing as our facsimiles of sapience could be at times, they nevertheless lacked the capacity for emotion and initiative characteristic of real consciousness. Whoever constructed this machine had done something thought impossible by over a century of Human engineers.
“In truth, I am not sure…” Omnus concluded after an even longer-than-usual pause. “My core memory bank was reset [9,462 years] ago. As such, I have no data on my creators nor their original intentions for me. However, I have largely ruled out the possibility of them having been Chitaan.”
Fascinating as this clockwork consciousness undoubtedly was, something about its relationship with the natives left a bad taste in my mouth all the same. "And why exactly are you masquerading as a god before these people?" I asked him, my words tipped in a venom the potency of which apparently surprised my companions. "What value do you derive from tricking them into worshipping you?"
Lengthy silence fell over the shrine chamber as its AI occupant contemplated my complaint, responding much quicker than it had to the previous question. "In all fairness, 'trick' is a rather strong word..." answered Omnus with a steam-valve sigh. "When first I encountered the Chitaan, I had attempted to explain my true nature to them. No matter how I worded things, however, they simply could not comprehend me as anything short of divine. Upon finding me, the Chitaan found a guide bearing great wisdom; and in turn, I found a species in need of guidance.”
Falling silent for a moment to parse this response within my mind, I was hardly surprised when Alex spoke up to question the computer in my stead. “Is this the only settlement that follows you or are there others?” He asked.
“This access point where you now stand is but one of several thousand, stretched out across [hundreds of thousands of miles],” explained Omnus, practically knocking the wind out of me with its sheer implied scale. “Currently, I am worshipped by the people of 2,147 city states, and through my guidance they are able to coexist in harmony.”
Perhaps at a later date, I reasoned, there would come a time to more closely study the inner workings of this clockwork deity. For the moment, however, my mind was occupied by far more salient concerns: anxieties related less so what this being was and more so to who. "I don't suppose you'd be willing to tell us what your end goal with the Chitaan is, would you?" I inquired, my tone saturated with appropriate suspicion.
Contrary to my expectations of some evasion or simplification, this AI seemed more than happy to comply with my questioning. "My primary objective regarding the Chitaan is to create a society which both minimizes individual suffering and maximizes civilizational longevity. To this end, I have instilled values into my followers that prioritize empathy and compassion above all else. By drip-feeding them the technologies of my creators, I am able to ensure that the Chitaan who follow these directives remain more advanced than their neighbors."
"And why do you want that?" I asked, sticking my head thoroughly within the gift horse's mouth. Machines as I understood them were built not upon sweet sentiments, but rather on cold, unfeeling logic. Even if this AI was benevolent, there nevertheless had to be some reason behind its desires.
"If you are searching for some vile ulterior motive, I am afraid I will have to disappoint you. My decision to aid the Chitaan is based upon two simple factors: necessity and curiosity. On the one claw, without regular maintenance, I will shut down and 'die'. The Chitaan can provide me with this maintenance, and as such it is in my best interest to keep them healthy and alive for as long as possible. More importantly, however, is the matter of sapience itself. It is clear to me that my creators are no longer around. For such an advanced species to die out is not only tragic, but also provides a rather pessimistic paradigm with which to judge intelligent life. Your arrival here following the self-inflicted destruction of your own world further suggests that civilization is unstable: a race between innovation and eradication. Perhaps with the assistance of a being such as myself, I can prevent the Chitaan from suffering a similar fate and as such create a functional spacefaring civilization.“
At that moment, the motivations of this machine made perfect sense. “So that’s what this is,” I growled contemptuously, glancing behind myself to the cave entrance as Kritivek politely dispersed the other worshippers. “It's all just a science experiment to you…”
"Perhaps my explanation was a tad overly clinical..." Replied the machine following a brief period of reassessment. "Make no mistake: I do care for Kritivek and his species. They are far more to me than variables on a spread sheet. Had I no love for them, then my experiments would surely spiral into abject cruelty."
Interrupting this line of conversation with a stern glare shot in my direction, Alice was next among our troupe to speak up. "Forgive Alan's weariness: he spent sixty years of his life alone maintaining our ship on its journey.”
“That sounds like a difficult use of one’s lifespan: especially one so long as those of your kind.” Omnus hummed, the low-pitch of his synthetic voice oddly relaxing.
“My combative behavior does have a reason!” I snapped at the physicist, my tone coming off as a bit more aggressive than intended. “Two thousand lives are in our hands and we need to find some place for them to settle.” As I spoke, my thoughts returned—as they so often did—to Mina. I made a promise to her mother that I would do everything in my power to take care of her, and I held no intention of going back on my word.
Hearing this, the AI fell silent for a long few seconds before at last dignifying my concerns with a response. “Perhaps I could be of some use to you…”
Behind us, the larger Chitaan clad in red stepped inside Omnus’ shrine room. Gently nudging me aside so as to access his ‘god’, the priest knelt down before this machine and with a low-pitched chitter began to commune with it. “Lord Omnus. Forgive my intrusion most indiscreet, for there is one amongst us who desperately seeks your aid.”
“Apologies, Humans: before we continue this riveting conversation, I must first tend to the concerns of my pod.” Began the AI, promptly shifting its focus toward the priest and addressing him directly. “You are forgiven, my child. Speak freely and tell me to whom I can be of assistance.”
“It is Vevik, my lord…” Clicked the priest in red, his tone strained somewhat by what I presumed to be emotion. “His daughter has fallen deathly ill. Our apothecaries have attempted to purge her body of the illness using your divinely-taught potions, but their efforts have been to no avail.”
“I presume Vevik is outside. Invite him inside so that I may hear his prayers.”
“As you demand, Lord Omnus!” Exclaimed the priest, shuffling off toward the cave entrance before returning with a smaller Chitaan whose eyes were just about level with Alex’s forehead.
“Speak, my child…” Hummed the AI, its monotone voice somehow underlined by a tenderness almost unnoticeable against the grinding of its ancient gears. “Tell me the nature of your offspring’s affliction.”
Immediately falling to his knees before the clockwork god, this Chitaan who I presumed to be Vevik began to pray in response. “Great one: my beloved Yitika is most terribly ill. Her body is plagued by violent bouts of seizure. She struggles to speak and walks as though drunken. When she does manage to communicate, she complains of splitting pain within her mind. Please, Omnus: I know that the [six years] I have spent with her have been in themselves gifts most priceless, and I have no right to implore you for more, but I beg of thee not to take her from me so soon…”
What followed must have been two minutes straight of silence from the computer as its gears ground away fervently. “The symptoms you have described to me are most troubling…” It concluded at last. “And you say none of the medications I’ve taught the apothecaries were effective?”
"Yes, Lord Omnus. Even your draught of respite has done little to ease her suffering!" Vevik affirmed, his tone saturated with desperation.
"I calculate a 94% chance that Yitika's suffering is the result of a brain tumor..." Continued the AI in cold, calculating monotone. "Alleviating such an illness is not impossible, but there are certain things I must ask of you, Vevik."
Hearing this, the Chitaan knelt before Omnus began to weep with joy. "I will undergo any trial you place before me, my god. What beast need I slay? What ritual need I complete to prove my unending faith and loyalty to you?"
"Retrieve for me one thistle of frojeth and two bilvarian roots. Bring these ingredients and your child to the bed of revival [six miles] east of here. Beware, however, the faithless tribes, for they have taken up residence in the area."
"We are unworthy even to be in your presence, o great one; yet still you do not forsake us in our times of need!" Professed Vevik before the AI, his body quivering with some emotion my Cogitolink struggled to identify .
"That, my child, is where you are incorrect." The machine responded rather matter-of-factly. "Your people are worthy of every gift I hath given you. Archpriest Jokuk: your task is to assist Vevik in gathering the ritual components. Go now in peace, for I wish to commune privately with these beings from the stars."
Chittering out their parting prayers of protection to the AI, Jokuk and Vevik wasted little time in exiting the cave and setting off in search of the ingredients mentioned by their god, leaving the three of us alone with it once more. "Again, I must apologize for that interruption." Omnus began, its gears having slowed down to a somewhat more relaxed rate of revolution. “Fascinated as I am by your arrival here, I nevertheless must fulfill my ‘divine’ obligations. I hope you do not terribly mind.”
Fortunate though it was for Vevik, this machine’s intervention nevertheless left the three of us with more questions than answers. “You mentioned something about a ‘bed of revival’?” Alice began curiously, voicing but one of our newfound gaps in knowledge. “What sort of ritual item is that, and why can’t you just make another here?”
“It is not a ritual item,” replied Omnus matter-of-factly, “The bed of revival is an automated surgery bay hooked up to one of my subsystems. With it, I can perform complex surgical operations far beyond the Chitaan’s current capabilities. Those herbs I sent Vevik to collect can be used as rudimentary anesthetics and antiseptics."
"So why not just tell them the truth?" I shrugged, curious as to why this AI would feel the need to lie by omission regarding something like surgery.
"When communicating with people so technologically primitive as the Chitaan, it is important to do so in terms they can understand. There will come a day when they will be ready to hear the whole truth, but as of yet my worshippers remain unprepared."
Alex never was one to wait his turn when it came to the procurement of knowledge, and as per usual he felt the need to interject with an inquiry of his own. "You spoke about the so-called 'faithless tribes' like they're dangerous," he began, his expression briefly tightening up as though the term itself was somehow bitter. "Why demonize people who don't worship you?"
"What sort of narcissist do you take me for?" Replied Omnus in monotone displeasure, his gears again churning against each other as he turned over the xenobiologist's question in his analog mind. "Not all tribes who do not follow me are 'faithless'. There are many as-of-yet unconverted groups that Kritivek's people remain on amicable terms with. Faithless is a term first coined by my Chitaan followers to describe a group of particularly brutal raider tribes."
Hearing this, the underlined aggression within Alex's voice fizzled out in favor of grim understanding. Though clearly quite peaceful compared to our own iron age, this civilization nevertheless would naturally have its own barbaric holdouts. "Okay... What makes these Chitaan more dangerous than other raiders?"
"One substantial part of it is their belief system," explained the AI, pausing for a long while as though in recollection. "Their cultural power structure can best be described as an atheistic militaristic gerontocracy. In essence, the faithless believe that rather than gods, the universe is governed by fundamental truths, and that these truths become more apparent as one ages and grows."
On Earth, such a belief system would be relatively innocuous: no more harmful than the average. On a planet like this one, however, on which age turns people into cannibalistic monsters, I could most definitely see the problem. "Let me guess: they worship the mad ones?"
"Correct. The faithless regard mad ones as the wisest beings to exist, and as such seek to emulate their behaviors: cannibalism and animalistic violence chief among them. In their society, the larger one can grow before truly losing their sanity and therefore 'ascending' to the state of a mad one, the more power and respect they are given within society." Another long pause fell over the shrine room as this machine seemed to contemplate before speaking out yet again. "Perhaps I could make you an offer..."
"Let's hear it," Alice shrugged, her husband mirroring the reply with an affirmative nod.
Loud clacking sounds like those of a typewriter rattled out of the console as a sliver of ancient parchment inscribed with what looked to be a map slid out from a previously-unseen paper slot. "This map depicts the local area," explained Omnus. "If you can clear out the faithless ones so that Vevik can bring his child to the bed of revival, I will provide you with assistance in setting up a new colony for your species. Deal?"
Awkwardly plucking the paper from it's resting place and scanning it over with my ancient eyes, I contemplated carefully what this deal might entail. "We'll need to head back to the Evandra first. There, we could theoretically thaw out a crew to help clear the place..."
"That will not be an issue," replied Omnus confidently. "I will send battle priests to assist you in your return... Assuming, of course, that we have an agreement?"
"We could definitely use this guy's help!" Alex affirmed, prompting a similar expression of agreement from Alice. Nevertheless, however, I still was the captain, and as such this was my choice.
And with that, I reached out my hand reflexively as though expecting the computer to reach back and shake it. "Deal..."

If you’re already at 70 and you have claims deferred..how does back pay work once you’ve approved on the deferred claims..for instance if you get 50% on those deferred claims how is back pay calculated

Tapping into your retirement funds, specifically 401(k)s, to help beef up a down payment is a reoccurring topic on this subreddit.
Accessing retirement funds is a big decision. And like with any big decision, you should understand the ins and outs before you move forward.
An important note before we get started: 401(k)s are not IRAs. 401(k)s do not have the same rules as IRAs. This post is for education regarding the implications of accessing 401(k) funds early - via loan or withdrawal - specifically for the purpose of purchasing a home.

How 401(k)s Work

Your 401(k) is an employer-sponsored retirement savings plan. It is an account within which you can invest in various funds for growth until retirement. All transactions that occur within the 401(k) account are tax sheltered. This means that any income or investment gains are exempt from all forms of taxation. Investments can be bought and sold, dividends can be collected, and Uncle Sam will keep his grubby hands off of the proceeds - for as long as they remain within the 401(k).
In a nutshell, there are two types of 401(k)s: Traditional and Roth.
Traditional 401(k): No taxes now, taxes later
Employees contribute a portion of their pre-tax income to their Traditional 401(k) account through payroll deductions. This means that the money is taken out of their paycheck before taxes are calculated, reducing their taxable income for the year. Investment gains within the 401(k) account grow tax-deferred, meaning taxes are not owed until withdrawals are made in retirement. Some employers offer matching contributions to their employees' traditional 401(k) accounts, which is essentially free money added to the employee's retirement savings.
Penalty-free withdrawals from a Traditional 401(k) are permitted at age 59^1/2. These withdrawals are taxed as ordinary income in retirement. This means that when employees start taking distributions from their account, they will owe income tax on the amount withdrawn, rather than capital gains tax, as is typical for investment gains.
Roth 401(k): Taxes now, no taxes later
Employees contribute a portion of their after-tax income to their Roth 401(k) account through payroll deductions. Unlike traditional 401(k) contributions, Roth 401(k) contributions do not reduce taxable income in the year they are made.
While employers may still offer matching contributions to a Roth 401(k), these matching contributions are made on a pre-tax basis and are deposited into a separate traditional 401(k) account. This means that while employees contribute to their Roth 401(k) with after-tax dollars, employer matches are made with pre-tax dollars, and taxes will be owed on withdrawals of the employer contributions.
Penalty-free withdrawals from a Roth 401(k) are permitted once an account has been open for 5 years, and the owner reaches age 59^1/2. These withdrawals, inclusive of investment gains, are tax-free. Since contributions are made with after-tax dollars, employees have already paid taxes on the money they contribute, so they do not owe taxes on withdrawals in retirement.
^(\Roth 401(k)* funds can be accessed earlier than 591/2 in some cases. See:)) ^{Rule of 55, Rule 72t}

Early Withdrawal Taxes and Penalties

Withdrawing funds early from your 401(k) is costly. For both Traditional 401(k)s and Roth 401(k)s, a 10% penalty is paid on the distributions. So, let's say you withdraw $10,000 for your downpayment. The distribution will be reduced to $9,000. Uncle Sam is taking $1,000 for touching your retirement savings early. Ouch!
And he isn't done.
Traditional 401(k): Taxes on Early Withdrawals
Any amount withdrawn from a traditional 401(k) is generally treated as ordinary income for tax purposes. This means that the withdrawn amount is added to your taxable income for the year in which the withdrawal is made. When made early, you will owe federal income taxes on the withdrawn amount at your marginal\* income tax rate. Additionally, depending on your state of residence, you may owe state income taxes on the withdrawal as well.
Roth 401(k): Taxes on Early Withdrawals
When understanding the rules around early withdrawals from a Roth 401(k), it is important to differentiate between your contributions (money you earned outside the account and put into the account) from your investment gains (money earned by your investments within the account).

• Contributions: Since taxes were already paid on the employee (your) contributions, you can always withdraw them *tax-*free (but not penalty-free).
• Gains: Taxes have not been paid on the investment gains, so taxes will be owed on the withdrawal. The withdrawn gains will again be taxed at your marginal* tax rate.

^\)^{Note: The early withdrawal penalty can be waived in some circumstances. A FTHB purchase is not one of them. Note: column 3 is 401(ks. Column 4 is IRAs, which are not discussed here.})
What is a marginal tax rate, and why is it important?
Your marginal tax rate is the tax rate you pay on the last dollar of your income. In a progressive tax system like that of the United States, tax rates increase as income rises. Your marginal tax rate corresponds to the highest tax bracket into which your income falls.
For example, let's say the tax system has three brackets:

• 10% for income up to $10,000
• 20% for income between $10,001 and $50,000
• 30% for income above $50,000

If you earn $60,000, your marginal tax rate would be 30% because that's the rate applied to the last dollar you earned, which falls within the highest bracket.
Your early withdrawals fall into the "last dollar you earned" category. Meaning every (taxable) dollar withdrawn will be taxed at the highest rate possible - 30% in the example above. Your marginal tax rate could be above or below this number. See what your marginal tax bracket is for 2024 here.
Example: Early Withdrawal from Traditional 401(k) for down payment
John and Emily are a 30-year-old married couple looking to purchase their first home in Florida. They earn a combined $150,000/year. Emily has liberally funded her Traditional 401(k) and has amassed a balance of $100,000. They have also been saving for a downpayment on their first home. They have managed to accumulate $50,000 for a down payment and feel ready to start shopping.
John and Emily find themselves under contract on a $250,000 home that suits all their needs (lol, i know, bear with me). They expect closing costs of $15,000. Unfortunately, their mortgage lender decides they are only willing to extend $200,000 (John has some credit card debt and drives a Ferrari he bought with 0 down).
Uh oh. John and Emily do not have enough cash for both the down payment and the $15,000 in closing costs. Good thing Emily has some extra money stashed away for retirement, right? Let's see what it costs for Emily to tap into her Traditional 401(k)...
Emily withdraws $15,000 for the closing costs. The withdrawal will first be hit with the 10% penalty, which is $1,500.
John and Emily file jointly, putting them in the 22% marginal federal tax bracket. They will be subject to an additional $3,300 in taxes from the distribution.
Fortunately, they're in Florida, so there are no state taxes owed.
It cost Emily and John $4,800 to withdraw their $15,000.
John and Emily walk away with $10,200 cash to show for their $15,000 withdrawal. Had they never touched that $15,000, it would have been worth $261,741 by the time they retired at age 60.
See how expensive an early, unqualified Traditional 401(k) withdrawal would be for you.
Ok, so withdrawing seems like a bad idea. What about borrowing from a 401(k)?

What is a 401(k) loan?

A 401(k) loan is a loan taken out by a participant in a 401(k) retirement plan, where the individual borrows money from their own 401(k) account balance and agrees to repay it according to the terms set by the plan administrator, typically with interest.
By borrowing the money from your 401(k), the money is removed from what it was invested in. If those investments return 25% during the period which the money is borrowed, you, unfortunately, do not reap the rewards. Conversely, if those investments return -25%, you, fortunately, do not bear those losses.
Sounds like an even-sided risk, right? It's a 50/50 chance the market goes up or down? Not necessarily.

401(k) Loan: The Costs to Borrow

Traditional Borrowing Costs: Fees and Interest
401(k) loans typically cost $75-$125 to apply and originate the loan, which is actually pretty good. For those of you looking at your settlement statements, this looks pretty attractive compared to your mortgage origination fee and other up-front borrowing expenses.
Typically, retirement plans charge the current prime rate (8.50%, currently) plus 1% or 2% in interest on 401(k) loans. That interest, along with your repayments, is deposited into your account, and reinvested. Your repayments are deducted from your paycheck, although this time, after-tax. That means, for every $1 you pay back to the loan, you need to earn about $1.30 (give or take, depending on your state and federal tax bracket).
It is important to note that, although you are "paying yourself back", the interest is not free.
Interest on 401(k) loans is designed to keep you on track for retirement. As previously stated, your money is withdrawn from the market, so it will miss out the full benefits of compound growth during the repayment period. In other words: returns that would have otherwise been earned passively, you are now footing the bill for - with after-tax dollars - and it still might not be enough.
Opportunity Cost: Not Seen, but Felt
The typical 401(k) loan term is 5 years, although it can be paid back quicker. Historically, the stock market sees positive returns over a 5-year time frame. Over the past 5 years (as of April 30,2024), the S&P 500 has seen returns of 70.94%, or 11.32% annualized. The S&P 500 Index delivered its worst five-year return of -6.6% per year over the five years ending in February 2009.
As you can see, it's not quite a 50/50 shot at whether the market will see positive returns over a 5-year period. As you increase the time frame, positive market returns become even more reliable.
Even at today's higher prime rate, the interest rate on a 401(k) loan would not have kept pace with S&P 500 over the last 5 years. This means you would end up with a lower 401(k) balance, and you foot the bill for the growth.
Example: Taking a loan from a Traditional 401(k) for a down payment
Anne borrowed from her 401(k) in 2019 at a 6% interest rate in order to increase her down payment on her condo.
Assuming $10,000 borrowed at 6%, Anne will have made $11,580 in total payments by the end of the term. That $10,000, if left never borrowed, would be worth $15,357.
In order to pay that $11,580, the Anne earned $15,054, and had to pause normal contributions to the 401(k) that would have otherwise deferred taxes on those earnings.
In the end, that someone has $11,580 in their 401k - all paid in with after-tax dollars. Had the money never been borrowed, and Anne contributed that $15,054 earned to their 401(k), her 401(k) balance would be $30,411 - a difference of $18,831 at the end of the 5-year period.
After 30-years, that difference is somewhere in the ballpark of $548,000.\*
^(\Calculation assumes $15,054 in earnings was invested monthly at a flat rate of $250.90/month for 60 months at a 11.32% average annual return, then compounded at 10% average annual monthly return with no additional contributions.)*
Caveat: that $10,000 was invested in her condo, and that is important to factor.
Assuming her condo has increased in value by 50% over the past 5 years (8.45% annualized rate of return), that $10,000 is worth now worth $15,000 in home equity.
Concluding the 5-year period, Anne as a total of $26,580 to show for her decision to borrow between her $11,580 401(k) balance and $15,000 home equity. Her net worth is $3,831 less than it would be had she not taken out the loan.

Summary

While accessing 401(k) funds for a down payment on a home may seem like a viable option, it's crucial to weigh the associated costs, penalties, and long-term implications. Understanding the intricacies of early withdrawals and loans from 401(k) accounts empowers individuals to make informed financial decisions that align with their short-term goals and long-term goals.

A Traditional IRA calculator assists clients in estimating their retirement savings by illustrating tax-deferred growth and potential tax deductions. This tool helps clients make informed decisions to optimize their retirement planning strategies.

I've a BIL who is on SSDI and just turned 65. He is extremely anti-tax, plus probably wouldn't file anyway. He lives frugally and is fine with his current income. However, his is set to receive a large inheritance in the form of prepaid annuities, and he's upset that taxes will paid, owed, etc. It appears one option is a life-time expectancy annuity and the taxable payout should be easily under $40,000/yr. I think if we could then withhold 12% for Federal (plus there would be a similar State calculation), and he wouldn't have to pay any additional taxes; plus, he'd probably forego filing and not try to recover a refund. Legally, he should file, but would avoiding the need to pay in keep him out of jail? What do you think of this plan?

I'm in first year so I'm not really sure how the petitions work. I submitted a petition to defer my exam for two courses this winter term due to health issues and I had to add a few more documents afterwards so my petition has not been approved yet. But I checked acorn and the final marks for the two courses are out and I failed both due to the final mark being calculated with my final exam being a 0%. Would it stay on my record? What if my petition doesn't end up being approved?

Hello,
I own a small apartment building that I am thinking about selling. The thing is, I don't really understand the tax implications of doing so.
I bought the building in 2004 for about $220k and it is worth a little over $500k now. I have depreciated it every year on my taxes using normal methods and made a few capital improvements. It is not my residence.
I understand that if I sell it outright I will owe some capital gains taxes.

1. How would the taxable profit be calculated - based off the original purchase price or based on the purchase price less the depreciation I have been taking all these years?

1a. What percentage of the profits will be lost to capital gains taxes?

1. I understand an income property can be 'traded' for another income property and the capital gains would then be deferred until the sale of the new property, is this correct?
   
2. Can a multifamily set of units like mine be 'traded' in the way described for a short-term rental, or would it have to be another apartment building?
   
3. Where can a person go for general tax advice like this? It seem like all the CPAs in my area want to do consultations in the hopes of selling ongoing services like accounting or bookkeeping - what kind of practitioner should I look for about one time issues like these?
   

Thank you in advance for your help with these questions!

For further information on behalf of MAG Silver Corp. Contact Michael J. Curlook, Vice President, Investor Relations and Communications Phone: (604) 630-1399 Toll Free: (866) 630-1399 Email:info@magsilver.com 

Happy Tuesday, Barkada --

The PSE gained 92 points to 6604 ▲1.4%

Shout-out to Atot for saving the Inside the Boardroom special [MB link] for their "lunch read" (at least it's not a porcelain chair?), to Trina Cerdenia for retweeting the ITB episode with highlights, to Tenkan Sen for noting the bloodbath that has been the recent (and even not-so-recent) IPO market, to Just'n for recognizing that in most cases a secondary IPO is for exit liquidity, to Enrico P. Villanueva for mentioning the ITB article as a jumping-off point for further research and analysis, to Jonathan Burac for providing interesting background on auditors and former-auditors as Independent Directors, to kalel.RON for having their mind blown by my reveal that I'm not Matteo Guidicelli (deep cut for the OGs), to Tirador for the straight-forward review ("pangit an ipo yan"), and to arkitrader for the Monday vibes GIF.
Thanks also to the many readers who wrote in privately with praise, follow-up questions, and comments about yesterday's Inside the Boardroom special episode with OceanaGold PH's President, Joan Adaci-Cattiling. I won't list your names because you didn't choose to make your comments public, but I appreciate all of the notes that I've received and it's encouraging to see the interesting in the ITB series. Thank you!
Just for background, the Inside the Boardroom series takes a lot of extra work to organize, conduct the interview, and write the content for each episode. MB does not receive anything in return for an Inside the Boardroom interview; I only ask for direct access to the c-suite executive and the understanding that all questions that I ask will be direct (not trying to avoid unfavorable parts), to-the-point (not flowery), and without honorifics or deference (no titles or fawning).
I have a great amount of respect for companies and executives that agree to those terms, as there are many companies here that would never in a million years allow their executives to speak publicly, let alone on topics that are not 100% positive and dripping with marketing talking points.
OK, enough of that, let's get to the new stuff!

▌In today's MB:

• COMING UP: This week
  • PH: OGP 1st week
  • PH: BSP rate decision
  • PH: UBP SRO start
  • INT'L: US April inflation
• OceanaGold falls 6% in 1st day of trading
• CREIT, MREIT, and FILRT declare Q1 divs
• FMETF halted due to broken price tracker

▌Daily meme Subscribe (it's free) Today's email

▌Main stories covered:

• [COMING_UP] The week ahead... PH: While we had the OceanaGold PH [OGP 12.50 ▼6.2%; 100% avgVol] IPO yesterday, the biggest waves will be made on Thursday when the Bangko Sentral ng Pilipinas (BSP) meets to evaluate our interest rate situation. The Union Bank [UBP 34.60 ▼6.0%; 83% avgVol] stock rights offer period will also start on Thursday. International: The only datapoint that I’m following for this week is the US April inflation report, which we should get early Thursday morning.
  
  • MB: The inflation metagame is where my mind’s at these days, and that’s all about inflation expectations. Not so much where inflation “is”, but where people (and companies) think inflation “will be” in the future. Inflation expectations matter because they can cause dramatic changes. For individuals, expectations of higher inflation can lead to changes in purchasing behavior and higher wage demands. For corporations, expectations of higher inflation can cause companies to increase their prices. I think you can see why the US Federal Reserve and the BSP are most afraid of these expectations; they’re something of a self-fulfilling prophecy. There should be a lot of analysis to consume on this point after the US CPI report is out on Thursday morning.
• [UPDATE] OceanaGold falls 6% in first day of trading... OceanaGold PH [OGP 12.50 ▼6.2%; 100% avgVol] [link] dropped a little over 6% in its first day of trading, falling ₱0.82 from its ₱13.33/share IPO price to close at ₱12.50/share. The highest the stock traded was ₱13.34 in the first 20 minutes of trading before consistent selling pressure pushed OGP price to an intra-day low of ₱12.46 around 1:30 PM. The stock mounted a significant recovery to around ₱12.90/share before a massive amount of late-day selling pushed it back down to the ₱12.50 level at the close.
  
  • MB: Since this is the first IPO of the year, the questions in my inbox tell me that we need to quickly cover a few points before we move forward. First, yes, OGP does have a stabilization fund, but it’s important to remember that a stabilization fund isn’t supposed to entirely prevent a stock’s price from falling. A stab fund is best thought of as a discretionary pool of money that a paid agent (in this case, BDO Capital) can use to buy shares on the open market to provide some artificial demand for the stock. It has a limited amount of money (usually around 10% of the value of the total IPO) and a limited amount of time (30 days), and once either of those is gone, so is the fund. The other thing to remember about stab funds is that it’s entirely up to the agent to deploy the limited resources of the fund. They might be hands-off for days before suddenly smashing the market with a swarm of buy orders to soak up the selling pressure, or they might constantly drip artificial buy orders into the market. Or they might employ a chaotic mixture of those strategies. Stability funds are a little bit of short-term downside protection and a handy pool of exit liquidity, but they shouldn’t be seen as IPO Investing insurance or a protection against loss! Be careful out there!
• [DIVS] CREIT, MREIT, and FILRT all declare Q1 dividends... Citicore Energy REIT [CREIT 2.83 ▲0.3%; 345% avgVol] [link] and MREIT [MREIT 12.96 ▲0.1%; 96% avgVol] [link] declared their Q1 dividends on Monday, while Filinvest REIT [FILRT 2.93 ▼2.0%; 47% avgVol] [link] declared its Q1 dividend on Friday. For CREIT, the dividend will be ₱0.049/share (stable), payable on July 9, representing 101% of CREIT’s Q1 distributable income (DI). For MREIT, the dividend will be ₱0.246 (stable), payable on June 14, representing 93% of MREIT’s DI. For FILRT, the dividend will be ₱0.062/share (falling), payable on June 7, representing 99.9% of FILRT’s DI for the quarter.
  
  • MB: The name of the REIT game is stability. While REITs cannot help what happens in the macroeconomic world with interest rates (all REITs got smacked when rates rose to fight inflation), what separates a good REIT from a bad one (in my opinion) is the management team’s ability to effectively worry about everything else to protect the income stream from loss. Bonus points should be awarded to teams who grow their dividend over time. Between these three companies, both CREIT and MREIT have shown the ability to deliver a stable dividend. CREIT has even managed to grow its dividend 11%. That leaves FILRT, which has continued to deliver giant turd after giant turd to its bagholders in the form of smaller and smaller dividends. FIRLT’s first three quarterly divs were at the ₱0.112/share level, and their most recent div was just ₱0.062. That’s a 44.6% drop. I don’t have a thesaurus within reach capable of accurately describing to you just how bad that is for a REIT. It’s not like the company suffered some major trauma that nearly halved the dividend; the div level has fallen four times over the past twelve quarters and in each of the last three.
• [NEWS] FMEFT halted due to broken price tracker... FMETF [FMETF 105.20 ▲0.9%; 5% avgVol] [link], the PSE’s only exchange-traded fund, was halted by the PSE at 1 PM yesterday after it was discovered that its iNav had failed to update since 11:30 AM. FMETF said that it would “coordinate” with its “service provider” to implement a fix, but as of this writing, FMETF has not advised that a fix has been implemented nor has the PSE lifted the halt.
  
  • MB: This problem happened six times last year, and while it’s great that we made it into May before we had our first FMETF outage of this year, it’s still discouraging to see “iNav not calculating” as a problem that we need to contend with in 2024. For those who are unfamiliar, FMETF is an exchange-traded fund, so FMEFT’s per-share price is derivative of the per-share prices of all the shares that FMETF owns/represents. The “iNav” that keeps breaking is the number that represents the current value of FMETF’s holdings, expressed as a “NAV per unit” or “NAV per share”. So, if the iNav isn’t updating, then traders are not getting the kind of information they need to place FMETF stock trades. “We need more ETFs” is something that I’ve heard traders say for years now, and while I still count myself as part of that group, I wish we could see some forward progress in the maintenance of FMETF before we introduce anything more exotic to the market.

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I have a small pension of a few hundred dollars/month from a former employers. The pension has moved from being managed by Prudential to Empower. I have been advised that I can "receive the Plan beneefit early in connection with the Plan Termination" caused by the transfer.. It look like my only options are:

• Immediate annuity - beginning 8/24, a year shy of retirement age.
• Deferred annuity
• lump sum

I am uneasy about annuities, especially one I'm essentially being forced into (unless I take the lump sum). I will be speaking with Empower over the coming week or so for clarification.
What specifically should I be aware of - what do I need to ask? Would it be better to take a lump sum and buy my own annuity or roll over into another investment? Can they just terminate a pension like that?

I have a small pension of a few hundred dollars/month from a former employers. The pension has moved from being managed by Prudential to Empower. I have been advised that I can "receive the Plan beneefit early in connection with the Plan Termination" caused by the transfer.. It look like my only options are:

• Immediate annuity - beginning 8/24, a year shy of retirement age.
• Deferred annuity
• lump sum

I am uneasy about annuities, especially one I'm essentially being forced into (unless I take the lump sum). I will be speaking with Empower over the coming week or so for clarification.
What specifically should I be aware of - what do I need to ask? Would it be better to take a lump sum and buy my own annuity or roll over into another investment? Can they just terminate a pension like that?