St. Louis, often referred to as the “Gateway to the West,” is a city full of rich history and endless possibilities. With its iconic Gateway Arch, vibrant neighborhoods, and a cultural scene that includes everything from world-class museums to renowned music venues, it’s no wonder that many people dream of calling St. Louis their home. However, life in this dynamic city comes with its own set of challenges. So whether you’re searching for a trendy apartment in Downtown St. Louis or a cozy apartment in the Central West End, you’ve come to the right place.
In this ApartmentGuide article, we’ll explore the various pros and cons of living in St. Louis, helping you decide if this historic city is the right place for you.
Fast facts about living in St. Louis
What St. Louis is known for: The Gateway Arch and its rich musical heritage
Population: Approximately 300,000 residents (city proper), 2.8 million (metro area)
Average rent: $1,407 per month for a one-bedroom apartment
Median home sale price: $262,500
Public transit: MetroLink light rail and MetroBus services
Public parks: Over 100 parks, including the 1,300-acre Forest Park
Annual tourists: Approximately 25 million visitors each year
Restaurants: Over 1,000, offering a wide variety of cuisines
1. Pro: Rich cultural heritage
St. Louis offers a rich cultural heritage with numerous museums, theaters, and music venues. The city is home to the St. Louis Art Museum, the Missouri History Museum, and the Pulitzer Arts Foundation. The Fox Theatre and The Muny offer world-class performances, while the city’s jazz and blues scene is celebrated at venues like BB’s Jazz, Blues, and Soups. St. Louis also hosts various festivals and cultural events throughout the year, such as the St. Louis International Film Festival and the Shakespeare Festival St. Louis.
2. Con: Urban sprawl
St. Louis has experienced urban sprawl, leading to the spread of development into suburban and rural areas. This can result in longer commute times, increased traffic, and a loss of green space. Urban sprawl can also strain infrastructure and public services, impacting the overall quality of life for residents. Efforts are being made to manage growth and develop sustainable urban planning strategies, but the spread-out nature of the city remains a challenge for some residents.
3. Pro: Affordable cost of living
The cost of living in St. Louis is 11% less expensive than the national average. Housing, in particular, is very reasonably priced, with the median sale price for a home in St. Louis around $262,500 and the average rent for a one-bedroom apartment in St. Louis about $1,407 per month. Housing costs are 22% less expensive than the national average. Utilities are slightly more expensive, at 1% above the national average, while transportation costs are 7% less expensive. Healthcare costs are also favorable, being 12% less expensive than the national average. This affordability makes St. Louis an attractive option for individuals looking to stretch their budgets further.
4. Con: Weather extremes
St. Louis experiences a wide range of weather conditions, from hot, humid summers with temperatures often reaching above 90°F to cold, snowy winters with temperatures frequently dropping below freezing. The city is also prone to severe weather, including thunderstorms, tornadoes, and occasional flooding, particularly in the spring and early summer. Winter storms can bring significant snowfall, averaging around 18 inches per year, and ice storms that disrupt daily life. Residents need to be prepared for these weather extremes by having proper heating and cooling systems in place and taking necessary precautions during severe weather events.
5. Pro: Strong job market
St. Louis has a diverse and growing job market, particularly in the healthcare, education, and biotechnology sectors. The city’s economy is supported by numerous hospitals, research institutions, and universities, providing ample job opportunities for professionals in these fields. Additionally, St. Louis is home to several major corporations and a burgeoning startup scene, particularly in technology and finance.
Top employers in St. Louis
BJC HealthCare
Washington University in St. Louis
Emerson Electric
Anheuser-Busch
Boeing Defense, Space & Security
6. Con: Limited public transportation
While St. Louis has a public transportation system, it is limited compared to larger cities. The city’s transit score is 43, walk score is 66, and bike score is 58. These scores indicate moderate public transportation options, meaning that while some transit services like MetroLink light rail and MetroBus exist, they may not be convenient or comprehensive enough for all residents. The walk score suggests that some errands can be accomplished on foot, but many daily activities still require a car. The bike score reflects that biking is possible, but the infrastructure could be improved. Most residents find it necessary to own a car to get around efficiently, which can add to the overall cost of living.
7. Pro: Diverse neighborhoods
St. Louis is a melting pot of cultures, with each neighborhood in St. Louis offering unique character and charm. From the historic streets of Soulard, known for its vibrant nightlife, to the trendy vibes of The Grove, home to hip bars and restaurants, there’s a place for everyone. Explore the art scene in the Central West End, enjoy the markets and eateries in The Hill, or relax in the cafes of Lafayette Square. This diversity ensures a variety of cuisines, festivals, and cultural experiences year-round.
8. Con: Educational disparities
While St. Louis is home to several prestigious educational institutions, there are disparities in the quality of education across different neighborhoods. Public schools in some areas may lack resources and funding, impacting the overall educational experience for students. These disparities can lead to differences in academic performance and opportunities. Efforts are being made to address these issues through various educational initiatives and community programs, aiming to improve the quality of education for all students in the city.
9. Pro: Green spaces
Despite its urban nature, St. Louis offers numerous green spaces where residents can escape the concrete jungle. Forest Park, one of the largest urban parks in the U.S., is a major attraction, offering museums, a zoo, and beautiful trails. The city also has over 100 parks, providing ample opportunities for outdoor activities and relaxation.
Popular parks in St. Louis
Forest Park
Tower Grove Park
Citygarden
Lafayette Park
O’Fallon Park
10. Con: Air quality issues
St. Louis occasionally experiences air quality issues, particularly during the summer months. Pollution from industrial activities, vehicle emissions, and regional weather patterns can contribute to poor air quality, which may affect residents with respiratory conditions such as asthma and allergies. The city is working on initiatives to improve air quality, but it’s something residents should be aware of, especially during high pollution days when air quality alerts are issued.
11. Pro: Thriving food scene
St. Louis offers a diverse culinary scene, with a variety of restaurants offering cuisines from around the world. The city is famous for its barbecue, toasted ravioli, and gooey butter cake. Food festivals, such as the Taste of St. Louis and the St. Louis World’s Fare, showcase the city’s culinary creativity and bring together food lovers to celebrate local and international flavors. Additionally, the city is home to numerous breweries and coffee shops, adding to its vibrant food culture.
Popular restaurants in St. Louis
Pappy’s Smokehouse: Renowned for its Memphis-style BBQ and flavorful ribs.
Niche Food Group: Known for creative dishes and farm-to-table cuisine.
Annie Gunn’s: A beloved steakhouse offering high-quality meats and seafood.
Farmhaus: Celebrated for its seasonal menu and locally sourced ingredients.
Sidney Street Cafe: Offers innovative American cuisine in a cozy setting.
12. Con: Limited nightlife
While St. Louis has a variety of dining and entertainment options, its nightlife scene is not as vibrant as in larger cities. The city has a more laid-back atmosphere, with fewer late-night venues and entertainment options. Residents seeking a bustling nightlife might find the options limited, though there are still plenty of local bars, breweries, and restaurants to enjoy. The nightlife is concentrated in specific areas like the Central West End and the Delmar Loop, offering a more relaxed and intimate experience.
13. Pro: Historic charm
St. Louis’s rich history is reflected in its architecture and historic districts. The city is home to several well-preserved historic neighborhoods, such as Lafayette Square and Soulard, which feature beautiful homes and tree-lined streets. Downtown St. Louis also boasts historic buildings and landmarks, including the Gateway Arch, adding to the city’s unique character and charm. Walking tours and historical sites like the Old Courthouse provide residents and visitors with a glimpse into the city’s storied past.
Want to know how to make $2,000? Here’s how you can make extra money online and offline. Whether you’re a stay-at-home parent looking to bring home more money or saving up for a large purchase, making $2,000 can make a big difference. In this post you’ll learn: Making an extra $2,000 can seem like a…
Want to know how to make $2,000? Here’s how you can make extra money online and offline. Whether you’re a stay-at-home parent looking to bring home more money or saving up for a large purchase, making $2,000 can make a big difference.
In this post you’ll learn:
Ways to make $2,000 fast
How to make $2,000 per day
How to make $2,000 online
Making an extra $2,000 can seem like a big goal, but it’s definitely achievable with the right approach. Whether you’re looking to pay off debt, save for a vacation, or just make more money, there are many ways to reach your goal.
How To Make $2,000 Fast
Here’s a list of ways to make $2,000.
1. Freelancing
If you have skills like writing, editing, programming, bookkeeping, digital marketing, data entry, SEO, graphic design, or transcribing, you can find jobs online. You can also find jobs if you know how to use software like Adobe, Canva, WordPress, or email marketing tools.
I recommend checking out UpWork to see which skills you have (you may be surprised to see what’s listed there) and start applying for jobs.
I’ve done quite a bit of freelancing and have found jobs on UpWork, Fiverr, and FlexJobs. This is a great way to make money since it’s flexible and usually done on your own schedule. There are many other freelance platforms as well!
Recommended reading: 16 Best Freelance Jobs & How To Get Started
2. Blogging
I started a blog back in college and it’s still one of my favorite ways to make semi-passive income. I currently make between $2,000-$4,000 a month on my blog and it’s entirely passive, meaning I no longer do any work on it.
There are tons of ways to make money blogging including affiliate partnerships, sponsored posts, ad revenue, and selling your own goods or services.
You can create your own blog here with this easy-to-use tutorial. Michelle also has a Free How To Start and Launch A Money-Making Blog Course you can join, and it will help you start and launch a successful blog! Once you start a blog, you can learn how to monetize it with affiliate income and sponsored posts.
You can learn how to start a blog with the free How To Start a Blog Course (sign up by clicking here).
3. Proofreading
If you have an eagle eye for detail, love finding spelling or punctuation errors, and want to learn how to make $2,000 online, you may want to become a proofreader. Working as a proofreader is generally quite flexible and you can work from anywhere in the world since your job is done from a computer.
You can find jobs proofreading for authors, law firms, blogs, and more. This is a great way to make a side hustle income or a full-time living as proofreaders can make around $50,000 a year.
Here is a FREE 7-day course just for people who want to stop wasting time and start making more money with their proofreading skills. I definitely recommend that you check it out.
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This free 76-minute workshop answers all of the most common questions about how to become a proofreader, and even talks about the 5 signs that proofreading could be a perfect fit for you.
4. Flip items for resale
You’ve likely seen TikToks where people flip stuff for profit. In case you don’t know what a flipper is, this is someone who buys something at a lower price and sells it at a higher price for a profit. This can also sometimes mean fixing up the item in order to sell it at a higher cost.
This is a great side hustle that can turn into a full-time job and is perfect if you want to know how to make $2,000 without a job (well, a traditional 9-5 job!).
A ton of people do this full-time!
This job is quite flexible because you can find stuff to flip on your own schedule. If you have kids, you can even take them along to garage sales and flea markets to score items to flip. This side hustle takes about 5-10 hours a week for beginners which can earn you up to $1,000 a month in the beginning.
Here is a free webinar, Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business In As Little As 14 Days, that will help you learn how to make money by flipping items as well.
5. Transcription
A transcriptionist is someone whose job is to turn files into text documents. You listen to what is being said in the file and type it into a text format. Transcriptionists usually make between $15-$30 an hour on average.
This job is flexible because you can choose to work part-time as a freelancer or full-time with an agency. As a transcriptionist, you must have good typing skills and a fast typing speed. You need excellent listening skills since you’re listening to files and having to type them up quickly.
A great free resource to take is FREE Workshop: Is a Career in Transcription Right for You? You’ll learn what transcription is and why it’s a highly in-demand skill, who hires transcriptionists, what it takes to become one, and more.
Recommended reading: 18 Best Online Transcription Jobs For Beginners
6. Pet sitting
One of my favorite side hustles is pet sitting. I’ve found all of my pet-sitting jobs on Rover, but you can also check out other dog-walking apps like Wag, Care.com, PetSitter, and more. Finding jobs can be hard at first if you don’t have experience, so it is usually important to set your rates lower than your competitors (this way you can get some reviews!).
Once you get jobs and reviews, you can slowly increase your rates and build your clientele. This is a great way to make a few hundred a week on top of a full-time job or other side hustles.
Recommended reading: 7 Best Dog Walking Apps To Make Extra Money
7. Sell crafts
If you have a hobby or craft you enjoy, you may want to try selling your items on Etsy. With almost 100,000,000 active Etsy buyers, Etsy is a great website to sell your handmade goods to people all around the world.
Here are some things you can sell on Etsy:
Printables
Stickers
Rugs
Soaps
Bath bombs
Crocheted and knitted items
Jewelry
I shop on Etsy all the time, and I love it!
Recommended reading: 16 Best Things To Sell On Etsy
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
8. Virtual assistant
A virtual assistant is in charge of all kinds of tasks including:
Email management
Customer support
Graphic design
Social media management
I’m currently a virtual assistant and love it. The pay is high and I get to work on my own schedule. To find jobs, I recommend checking out UpWork, FlexJobs, and Fiverr. Type in “virtual assistant” on any of these job boards and you’ll quickly find tons of job listings with details including pay, benefits, work tasks, hours, and more.
9. Writing
If you have any kind of writing experience, try finding writing jobs online. There are thousands of online writing jobs out there from companies that need help creating blog posts and content for their company.
Even if you don’t have writing experience, I still recommend checking out job board sites and applying for low-paying jobs. This will get you experience as you build up your portfolio and help you land more jobs down the line.
I have been a freelance writer for years, and it’s a great way to make extra money. In fact, I’m writing this article as a freelancer!
10. Find Craigslist gigs for extra money
Craigslist is still quite popular in cities and there are always new jobs popping up. You’re most likely to find jobs in:
Labor (construction, warehouse work, landscaping)
Customer service (call centers)
Tutors
Short-term freelancing gigs
Moving
Always remember to be careful on any website, especially Craigslist. If anything ever feels suspicious or off, listen to your gut.
11. Delivering food
One of the easiest ways to make money is by delivering food with DoorDash. This is because they are always in need of new DoorDashers.
With DoorDash, your job is to deliver meals to customers. You can work on your own schedule and work as little or as many hours as you want to. Depending on where you live, you can deliver food by bike, scooter, or car.
How much you earn depends on each delivery, how much you earn in tips, and how fast you deliver items. The DoorDash app makes it convenient to accept delivery jobs, find out where to go, and how to get there.
12. Invest in real estate
Though it’s not a quick way to make money, you can make money in the long term by investing in real estate. When done right, real estate investing can be a lucrative way to make passive income and help diversify your investment portfolio.
There are many ways to invest in real estate including:
Buy REITs (real estate investment trusts)
Buy a house and flip for profit
Buy a house, live in one room, and rent out the rest of the rooms
Use an online real estate platform like Fundrise or Crowdstreet
Recommended reading: 23 Best Real Estate Side Hustles To Make Extra Money
13. Develop apps
There are a few ways to make money developing apps including in-app purchases, in-app subscriptions, advertising, affiliate links, and sponsorships.
You can test and research ideas that might do well in app form. Ask yourself what people need help with and how your app can solve their problems. Then, validate your idea by having people fill out a survey to get a better idea of what kind of app you should create.
You also need to figure out how you’ll market your app and get new customers. This might require you to reach out to blogs in your app’s niche, influencers, and media outlets to get coverage for your app.
Also, there is a side hustle related to this – you can test and try out new apps with Freecash. You can get paid from $1.00 to $75 per app. Some apps listed on Freecash (these numbers may change) include TikTok, which pays $8 if you’re a new user, and Upside, a gas cash back app, which currently pays $24.01 to new users. HBO pays $3.96 for new users subscribing to a free trial. There are many other apps you can earn from as well. Click here to sign up for Freecash (it’s free!).
14. Online surveys
Getting paid for surveys is not going to get you rich, but it’s an easy way to make money in your spare time. Companies pay people to fill out surveys because they need opinions on products and services. Once you finish filling out a survey, these survey sites typically pay you with cash, via PayPal, or gift cards.
Surveys aren’t full of hard questions that take hours to complete. The questions are usually short and straight to the point. Companies are trying to better their products and services, and surveys help them do this.
Here are some of the top surveys that pay in cash and free gift cards to sign up for:
Swagbucks
Survey Junkie
Branded Surveys
American Consumer Opinion
InboxDollars
Pinecone Research
Prize Rebel
User Interviews
Recommended reading: 21 Best Free Surveys That Pay Cash Instantly
15. Social media management
Working as a social media manager is a job that seems to be always hiring. I did a quick search on Fiverr and found many job listings pop up. This is because companies look to hire out for their social media management.
To find jobs in social media management, go to job boards like UpWork and type in “Social Media Management.” You’ll see posts from entrepreneurs and companies looking to hire a social media manager. These job listings will tell you what they need, like scheduling posts on Instagram and Facebook, creating visuals using Canva, and responding to comments from followers.
16. Babysitting
One of the easiest and quickest ways to make money is babysitting. I’ve found all of my babysitting and nannying jobs on Care.com, but you can also check out SitterCity, UrbanSitter, or Babysits. People are always looking for babysitters for date nights, errands, and special events.
To increase your chances of landing jobs, make sure to get a background check on the website (Care.com has this option) as this will make you stand out from other candidates. If you have previous experience babysitting, ask for references so hiring parents can see that you’re a good candidate for their job listing.
17. Bookkeeping
Becoming a bookkeeper can be a great way to learn how to make $2,000 from home.
A bookkeeper is someone whose job is to maintain clean and organized financial records for a business. Some tasks can include sending invoices on your client’s behalf, running payroll for your clients and their team, preparing state tax filings, and helping the client make business decisions for future expenses.
A bookkeeper’s income can vary depending on how many clients they have, how much experience they have, and how much they charge. On the low end, bookkeepers can earn $2,000 a month, while on the high end bookkeepers can earn $16,000 a month. Bookkeepers are in demand. According to the Department of Labor and Statistics, about 200,000 new jobs open in the US for bookkeepers each year.
Here is a free training – How to start a profitable bookkeeping side hustle, that can generate $2,000 to $16,000 a month (part-time)!
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This free training will show you how to start a profitable bookkeeping side-hustle in the next 30 days—even if you have no prior experience!
18. Online tutoring
An online tutor is a teacher or expert who helps someone in a particular subject through the internet. This is done through video calls on a computer. Online tutors can make between $15 an hour to well over $100 an hour. Tutors are most often in needed in subjects like math, science, and foreign languages.
Many sites are hiring online tutors such as Tutor.com, Varsity Tutors, and Outschool.
19. Sell old electronics
Before throwing away your old electronics, consider selling them or trading them in.
Best Buy and Amazon both have trade-in programs and many other places are always looking to buy electronics. Electronics that are most easy to sell include smartphones, tablets, laptops, gaming consoles, smartwatches, digital cameras, and e-readers like Kindles.
You can sell electronics on sites like:
Decluttr
Facebook Marketplace
eBay
Gazelle
If you want to learn how to make $2,000 in 3 days, I usually recommend finding stuff to sell!
20. Photography
There are many ways to make money with photography including freelance photography, portraits, real estate, and product photography. You can also sell your photos to stock agencies like Shutterstock or Unsplash if you want to run an online business that makes $2,000.
To get started selling your photography, build an online portfolio of your work. This is going to help you attract new clients and customers. Always keep your customers satisfied and happy as word of mouth makes a big difference in the photography business.
It’s important to market your services on social media and have a professional website so people can get in contact with you easily.
Recommended reading: 18 Ways To Get Paid To Take Pictures
21. Rent a room
If you have a spare bedroom you’re not using, renting out that spare room is an easy and convenient way to make extra income.
It’s important to do a few things including cleaning and decluttering the room, researching market rates, taking high-quality, well-lit images of the room, and checking local laws to see if it’s legal to rent out a room where you live.
You can potentially rent out your room short-term on sites like Airbnb or find someone who is looking for a room for the long-term. If you find someone renting out a room for the long-term, it’s important to get a security deposit, a contract in place, and references from the renter.
My sister (the owner of this site) has rented out spare rooms in the past, even to me!
22. Rent your car
Renting your car can be a great way to earn extra income, especially if you’re not driving it that often.
First, you’ll want to check with your insurance to see if you’re allowed to rent out your vehicle. You’ll also need to see if you need a special license to rent your car. Once you have those things dialed down, choose a rental platform.
There are many platforms including Turo, GetAroundUSA, and HyreCar.
23. Work overtime
Working overtime is one of the best ways to make the most money. This is because employers usually pay a higher hourly wage for overtime hours. There are tons of jobs that pay extra for overtime including working as a plumber, pilot, home health aid, electrician, automotive technician, and so many other jobs.
Frequently Asked Questions
Below are answers to common questions about how to make $2,000.
How to make $2,000 in passive income?
There are many ways to make $2,000 in passive such as blogging (via affiliate marketing or ad revenue), selling crafts like printables on Etsy, investing in real estate, and renting out your room or car.
How to make $2,000 a week online?
To make $2,000 a week, you need to make about $285 a day. Breaking it down this way makes the number seem less daunting and more achievable. To make $2,000 a week, you’d need to pick up quite a few freelancing or Craigslist gigs, flip high-profit items, or rent out a room on Airbnb or your car on Turo. Doing multiple things will increase your odds of making $2,000 a week online.
How to make $2,000 per day?
Making $2,000 per day is going to require a lot of work and even then it’s not always possible. After all, $2,000 a day would be $60,000 each month! Working gigs won’t be enough and instead, you’ll have to get lucky by flipping a high-profit item (like real estate) or starting your own business.
How to make $2,000 online?
There are many ways to make $2,000 online, such as with freelancing gigs, blogging, virtual assisting, social media management, and selling crafts on Etsy.
Best ways to make $2,000 – Summary
I hope you enjoyed this article on the best ways to make $2,000 fast.
Making $2,000 can seem tough at first, but once you start trying out different side hustles and get into a groove, making extra cash gets easier.
You can use several tools to track a fight, including websites, apps and even text messages. Monitoring your flight may be especially important if you have a tight layover, are heading to an important event or want to make sure a loved one is safe. Below we dive into how to track flights.
Overview of tracking flights
Given that flight delays are common (roughly 20% of domestic flights were delayed in the U.S. in 2023), knowing how to track a flight is a helpful way to ensure that you’ll know when your or a loved one’s plane will land.
To track a flight, you’ll need to know the airline and flight number. If you’re trying to track your own flight, you can usually find this information either in the confirmation email for your flight or on your airline’s app. If you’re trying to find this information to track the flight of a friend or family member, you can search Google Flights, which will provide the airline and flight number.
For this flight from Amsterdam to Kilimanjaro, the flight number is KL 569 (highlighted in blue). A downside is that sometimes there are several flights a day between the same cities, so it may be hard to find someone else’s complete flight information unless you know the airline or exact departure time.
Tools you can use to track flights
Once you know the flight name and number that you want to track, below are some of our favorite tools that you can use.
iMessage
iPhone users can quickly and easily track their flights with iMessage. To use this tool, there are three steps you’ll need to take:
1. Ensure iMessage is enabled.
2. Text the airline you’re flying and the flight number to yourself in the following format: [Airline] [Flight Number] (for example, Air France 23 or AF 23).
3. Click the hyperlink created and select “Preview Flight.”
When you click on “Preview Flight,” iMessage will pop up real-time flight tracking including departure time, estimated arrival time, landing terminal and baggage claim number.
🤓Nerdy Tip
If you’re planning to meet someone when you land and they have iMessage, this feature is a great way to help them keep track of when you’ll arrive.
Flighty
Flighty is a flight tracking app that can be used to track your and your friends’ flights in real time. In addition to its flight tracking tools, Flighty keeps data from past flights so you can review stats like the distance flown, the aircraft type you’ve flown the most and how much time you’ve lost to flight delays.
Flighty also creates a “Flighty Passport” for each year you enter flight data.
FlightAware
FlightAware provides a website and an app that include real-time flight tracking tools. A big plus of FlightAware is it provides data on past flights, which can be particularly useful if you’re trying to decide whether to book a flight with a tight connection.
Let’s say you’re considering booking British Airways Flight 112, which departs New York-John F. Kennedy and is scheduled to arrive in London Heathrow at 6:30 a.m.
Looking through the recent history, you can see that the flight has landed as early as 6:10 a.m. and as late as 6:42 a.m., which may give you some assurance that your flight would likely have a near on-time arrival.
Flightradar24
Flightradar24 is a website and app that provides users with detailed flight tracking information. What sets Flightradar24 apart is it has the largest ADS-B (Automatic Dependent Surveillance-Broadcast) network in the world, which is a system that shares an aircraft’s location and flight data. With access to over 40,000 connected receivers to track flights, Flightradar24 can track over 200,000 flights per day.
How to track your flight, recapped
There are a number of helpful tools available to track flights, including iMessage, Flighty, FlightAware and Flightradar24. To track your flight, you’ll need to know the airline and the flight number.
In addition to flight tracking capabilities, some of the tools listed have other useful features, including showing past flight details, which is helpful if you’re considering booking a flight with a tight layover.
You don’t have to pay capital gains tax on investment profits while they are held in a traditional or a Roth IRA account. In most cases, the question of taxes comes into play when you withdraw money from a traditional or Roth IRA.
Each type of IRA is subject to a different set of tax rules, and it’s essential to know how these accounts work, as the tax implications are significant now as well as in the future.
IRAs, Explained
An Individual Retirement Account (IRA) is a tax-advantaged account typically used for retirement savings. There are two main types of IRAs — traditional IRAs and Roth IRAs — and the tax advantages of each are quite distinct.
Generally speaking, all IRAs are subject to contribution limits and withdrawal rules, but Roth IRAs have strict income caps as well as other restrictions.
Contribution Limits
For tax year 2024, the annual contribution limits for both Roth and traditional IRAs is $7,000, and $8,000 for those 50 or older.
It’s important to know that you can only contribute earned income to an IRA; earned income refers to taxable income like wages, tips, commissions. If you earn less than the contribution limit, you can only deposit up to the amount of money you made that year.
One exception is in the case of a spousal IRA, where the working spouse can contribute to an IRA on behalf of a spouse who doesn’t have earned income. Like ordinary IRAs, spousal IRAs can be traditional or Roth in style.
Traditional IRAs
All IRAs are tax advantaged in some way. When you invest in a traditional IRA, you may be able to take a tax deduction for the amount you contribute in the tax year that you make the contribution.
The contributions you make may be fully or partially tax-deductible, depending on whether you or your spouse are covered by a workplace retirement plan. If you’re not sure, you may want to check IRS.gov for details.
The money inside the account grows tax-deferred, meaning any capital appreciation of those funds is not subject to investment taxes, i.e. capital gains tax, while held in the account over time. But starting at age 59 ½ , qualified withdrawals are taxed at regular income tax rates.
If you think about it, this makes sense because you make contributions to a traditional IRA on a pre-tax basis. When you take withdrawals, you then owe income tax on the contributions and any earnings.
With some exceptions, early withdrawals from a traditional IRA prior to age 59 ½ are subject to income tax and a 10% penalty.
Recommended: IRA Tax Deduction Rules
Roth IRAs
Roth IRAs follow a different set of rules. You contribute to a Roth IRA with after-tax money. That means you won’t get a tax deduction for contributions you make in the year that you contribute.
Your contributions grow inside your Roth IRA tax-free, along with any earnings. When you reach retirement age and start to make withdrawals, you won’t owe income tax on money you withdraw because you already paid tax on the principal (i.e. your original contribution amounts) — and the earnings are not taxed on qualified withdrawals.
Boost your retirement contributions with a 1% match.
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What Are Capital Gains Taxes?
Capital gains refer to investment profits. In a taxable investment account you would owe capital gains tax on the profits you made from selling investments: e.g., stocks, bonds, real estate, and so on.
You don’t owe capital gains tax just for owning these assets — it only applies if you profit from selling them. Depending on how long you held an investment before you sold it, you would owe short- or long-term capital gains.
Retirement accounts, however, are subject to their own set of tax rules, and traditional and Roth IRAs each handle capital gains taxes differently.
Are Gains Taxed in Traditional IRAs?
Traditional IRA plans, as noted above, are tax-deferred, which essentially means that investment profits are not subject to capital gains tax while they remain in the account. Given this, the sale of individual investments like stocks inside an IRA is not considered a taxable event.
However, with tax-deferred accounts like traditional IRAs, you do have to pay ordinary income tax on withdrawals (meaning, you’re taxed at your marginal income rate).
So when you take withdrawals from a traditional IRA, you will owe income tax on the amount you withdraw, including any investment gains (i.e., earnings) in the account.
Are Gains Taxed in Roth IRAs?
The same principle applies to Roth IRAs, even though these are after-tax accounts: You don’t have to pay taxes on investment income or any assets that you buy or sell inside your Roth IRA.
Because you contribute to a Roth IRA with after-tax money, your money grows tax-free inside your IRA. Also, the earnings in the account grow tax-free over time and those gains are not taxed within the account.
In addition, qualified withdrawals of contributions and earnings from a Roth IRA are tax free. But remember: early or non-qualified withdrawal of earnings from a Roth IRA would be subject to taxes and a penalty (with some exceptions; for details see IRS.gov).
Roth IRA Penalties
Because you contribute to a Roth IRA with after-tax money, you can always withdraw your contributions (meaning your principal) without paying any tax or penalties.
If you wait to withdraw money from your Roth IRA until you reach age 59 ½, you can also withdraw your earnings without tax or penalties — as long as you’ve had the account for at least five years.
If you withdraw Roth IRA earnings before age 59 ½ or before you’ve held the account for five years, you may be charged a 10% early withdrawal penalty, though there are IRA withdrawal rules that may help you avoid the penalty in certain situations.
Are Gains Taxed in 401(k)s?
An IRA and a 401(k) work in a similar way when it comes to capital gains tax. Just as there are traditional and Roth IRAs, there are also traditional and “designated” Roth 401(k) plans, and they work similarly to their corresponding IRA equivalents.
So, generally speaking, you do not owe any capital gains tax on the sale of any investments held inside either type of 401(k) account.
Opening an IRA With SoFi
Most people are familiar with the basic tax advantages of using an IRA to save for retirement. Traditional IRAs are tax-deferred accounts and may provide a tax deduction in the years you make contributions. Roth IRAs are after-tax accounts that can provide tax-free income in retirement.
But the fact that you don’t have to pay capital gains tax is also worth noting. With both a traditional IRA and a Roth IRA, buying and selling stocks or other investments is not considered a taxable event. That means that you will not owe capital gains tax when you sell investments inside your IRA.
Ready to invest for your retirement? It’s easy to get started when you open a traditional or Roth IRA with SoFi. SoFi doesn’t charge commissions, but other fees apply (full fee disclosure here).
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FAQ
Are Roth IRAs subject to capital gains tax?
No, buying and selling stocks or other investments inside a Roth IRA is not considered a taxable event. This means that you will not owe capital gains tax for buying or selling investments inside your Roth IRA. And because contributions to Roth IRAs are made with after-tax money, you also won’t owe income tax on qualified withdrawals.
Do you have to pay taxes if you sell stocks in a Roth IRA?
Selling stocks inside a Roth IRA is not considered a taxable event. So whether you regularly buy and sell stocks inside your Roth IRA, or just have unrealized gains and losses, you won’t need to worry about capital gains tax.
What happens when you sell a stock in your Roth IRA?
Buying and selling stocks inside an IRA is not considered a taxable event. So you won’t owe capital gains tax on stock you sell, but you also won’t be able to offset gains with a loss you capture from a stock sale inside your IRA.
Photo credit: iStock/designer491
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Miami, Florida, known for its sunny beaches, vibrant nightlife, and diverse cultural scene, offers a unique lifestyle that attracts people from all over the world. This city is not just about palm trees and ocean breezes; it’s a bustling metropolis with a rich history and a bright future. Not sure if “Magic City” is for you? Read on to find out what to expect if you’re considering a move to the Miami area in 2024.
You know it from: Casino Royale, Moonlight, Scarface
Average 1 bedroom rent: $2,719 | Miami apartments for rent, Miami houses for rent
Average home price: $600,000 | Miami homes for sale
Average cost of full-service moving services: $91/hr for 2 movers
Average cost to rent a moving truck: $19 – $39/day
Top industries: Healthcare, Aviation, Education, Hospitality & Tourism
Move here for: Latin and Caribbean food/culture, the beach, the art & design scene
Be sure to bring: Your sunglasses and dancing shoes
1. The weather is mostly hot and humid
Miami’s weather is a major draw for many people. The city enjoys a tropical monsoon climate, meaning it is warm year-round. Summers are hot and humid with frequent rain and thunderstorms, while winters are mild and dry, making it perfect for beachgoers. However, the humidity can be overwhelming, and hurricane season runs from June to November, so it’s important to be prepared for the occasional storm.
2. It’s a true melting pot of cultures
Miami is a cultural mosaic, heavily influenced by its Latin American and Caribbean communities. Neighborhoods like Little Havana and Little Haiti showcase the vibrant traditions, cuisine, and music from these regions. This cultural diversity is one of Miami’s strengths, offering residents and visitors alike a rich tapestry of experiences and flavors.
3. The beach is a way of life
Living in Miami means embracing a beach-centric lifestyle. With iconic spots like South Beach, Miami Beach, and Key Biscayne, the ocean is never far away. Beaches are not just for sunbathing; they’re hubs for water sports, social gatherings, and fitness activities. The beach culture is a fundamental part of what makes Miami unique and appealing.
4. Public transportation is improving
Miami has been investing in its public transportation infrastructure. The Metrorail, Metromover, and Metrobus systems are increasingly used by locals to navigate the city. While the city is still largely car-dependent, efforts to expand and improve transit options are making it easier to get around without a vehicle, especially in central areas like Downtown and Brickell.
5. The cost of living is above average
Miami is one of the more expensive cities in Florida, with a cost of living that is than 18% higher than the national average. Housing costs, in particular, are more than 50% higher than the national average, driven by demand for coastal living. Everyday expenses like groceries and dining out can also add up. However, many residents feel that the lifestyle and opportunities available in Miami justify the higher cost of living.
6. The job market is booming
Miami’s economy is diverse and growing. Key industries include tourism, finance, healthcare, and international trade. Major employers like Baptist Health South Florida and American Airlines provide numerous job opportunities. The city’s strategic location as a gateway to Latin America also makes it a hub for international business.
7. Nightlife is unparalleled
Miami’s nightlife is legendary. Areas like South Beach and Wynwood are filled with clubs, bars, and entertainment venues that stay open late into the night. The city’s nightlife scene is not just about partying; it includes sophisticated cocktail lounges, live music venues, and cultural performances that cater to a wide range of tastes.
8. Art and design scene is thriving
Miami has become a major player in the art world, thanks in part to events like Art Basel Miami Beach. The Wynwood Walls and the Perez Art Museum Miami (PAMM) are just a couple of the city’s many cultural attractions. The Design District is home to high-end fashion, art galleries, and innovative architecture, making Miami a hotspot for creativity and design.
9. Home to world-class events
Miami hosts numerous high-profile events throughout the year, including the Miami International Boat Show, the Miami Open tennis tournament, and the Ultra Music Festival. These events draw visitors from around the globe and offer residents a chance to experience world-class entertainment right in their backyard.
10. Traffic can be a challenge
Traffic congestion is a common complaint among Miami residents. The city’s rapid growth and high tourist numbers often lead to crowded roads, especially during peak hours and in popular areas like Downtown and South Beach. Planning ahead and using public transportation or ride sharing services can help mitigate some of the frustration.
11. The food scene is exceptional
Miami’s culinary scene is a reflection of its diverse population. The city is known for its Cuban cuisine, with must-visit spots like Versailles in Little Havana. However, Miami’s food scene goes beyond Cuban food, offering everything from Peruvian ceviche to Japanese sushi. Foodies will find no shortage of exciting dining options to explore.
12. Plenty of outdoor activities
With its warm climate and natural beauty, Miami offers countless outdoor activities. Residents can enjoy boating, fishing, kayaking, and paddleboarding on Biscayne Bay. The city’s parks, such as Bayfront Park and South Pointe Park, provide green spaces for jogging, picnicking, and yoga. Outdoor enthusiasts will never be bored in Miami.
13. Spanish is widely spoken
Miami is often referred to as the “Capital of Latin America” due to its large Hispanic population. Spanish is widely spoken, and bilingualism is common. This linguistic diversity adds to the city’s cultural richness and can be a significant advantage in both personal and professional settings.
14. Strong sense of community
Despite its size, Miami has a strong sense of community. Neighborhoods like Coconut Grove and Coral Gables offer a small-town feel within the larger city. Community events, local farmers’ markets, and neighborhood associations help foster connections among residents, making it easy to feel at home in Miami.
15. High tourism rates year-round
Miami is a major tourist destination, attracting millions of visitors annually. While this can lead to crowded beaches and busy streets, it also means that the city has a wide range of amenities and attractions. Residents benefit from the vibrant tourism industry, which supports local businesses and keeps the city lively year-round.
Methodology: Average rent prices sourced from Rent.com July 2024. Home prices sourced from Redfin July 2024. Average moving costs sourced from MoveBuddha. Employment data sourced from Greater Portland.
Medical debt is an unfortunate reality for millions of Americans. As healthcare costs continue to rise, it becomes increasingly important to understand the financial implications of medical debt and its impact on your credit score.
This article explores the topic of medical debt and provides you with strategies to manage and minimize its effects on your credit score.
How Medical Bills Affect Credit Scores
Unpaid medical debt can have a significant impact on your credit scores, especially when it becomes delinquent or goes to collections. Here are some key points to consider:
The role of medical debt in credit score calculations: Medical bills, like other types of debt, factor into your credit score calculations. Late or missed payments and unpaid bills can lower your credit scores, making it more challenging to obtain loans, credit cards, or favorable interest rates.
Late payments and unpaid medical bills: Late payments on medical bills can be reported to the three major credit bureaus, which may negatively affect your credit scores. If unpaid, medical bills can eventually be sent to collections, further damaging your credit.
Impact of medical debt on different credit scoring models: Unpaid medical debt can affect your credit score differently, depending on the credit scoring model being used. For example, newer credit scoring models like FICO Score 9 and VantageScore 4.0 give less weight to medical debt compared to other types of debt, while older models treat medical debt more harshly.
The Medical Debt Collection Process
Understanding the medical debt collection process can help you take control of the situation and potentially minimize its impact on your credit scores.
How medical debt becomes a collection account: When a medical bill remains unpaid for an extended period, the medical provider may sell the debt to a collection agency. The collection agency then reports the debt to credit bureaus, which can cause a significant drop in your credit scores.
The role of collection agencies: Collection agencies are responsible for recovering unpaid medical debts. They may contact you through phone calls, letters, or even legal actions to collect the outstanding balance.
Statute of limitations on medical debt: The statute of limitations for medical debt varies by state, ranging from three to ten years. This is the time frame within which a collector can sue you for the unpaid debt. It’s important to know the statute of limitations in your state, as it can help you strategize your approach to dealing with unpaid medical debt.
Medical Bills Grace Period and Reporting
A grace period can provide some relief when dealing with medical bills, but it’s important to understand its impact on credit reporting.
How grace periods work with medical bills: Some medical providers may offer a grace period, typically 30 to 180 days, during which they will not report late or missed payments to credit bureaus. This gives you time to resolve any disputes, work with your health insurance company, or make arrangements to pay the bill.
Impact of grace periods on credit reporting: Even if your medical provider offers a grace period, it’s essential to pay your medical bills promptly. Once the grace period ends, late payments can be reported to credit bureaus, negatively impacting your credit.
Changes in medical debt reporting rules: Recent changes to credit reporting rules have made it more difficult for medical debt to impact your credit scores. These changes include a 180-day waiting period before medical debt can be reported to credit bureaus and the removal of medical collections paid or settled by insurance.
Can medical bills be removed from my credit report?
If you believe a medical collection on your credit report is inaccurate or unfair, you are entitled to dispute it. To dispute a medical collection, you’ll need to contact the credit bureau reporting the debt and provide supporting documentation to prove that the collection is inaccurate or unjust.
First, you’ll need to gather all relevant documents, such as medical bills, insurance Explanation of Benefits (EOB), payment records, and any correspondence with the medical provider or collection agency. This evidence will help you build a strong case when disputing the collection.
Then, once the credit bureau receives your dispute, they typically have 30 days to investigate the matter. If the dispute is resolved in your favor, the medical collection will be removed from your credit report, which may result in a boost to your credit score.
Does paying off medical collections improve my credit?
Paying off medical collections can have a positive impact on your credit, but the extent of the improvement depends on various factors.
The importance of paying medical debt: Paying off medical debt shows financial responsibility and can help prevent further damage to your credit.
How payment history affects credit scores: Your payment history makes up a significant portion of your credit score calculation. Settling medical debts can have a positive effect on your payment history, potentially improving your credit.
Settling medical debt for less than the full amount: In some cases, collection agencies may be willing to accept a lower amount to settle the debt. While this can help you save money, keep in mind that the partial payment may still be reported to credit bureaus, which could have a less favorable impact on your credit score compared to paying the debt in full.
Strategies for Managing Medical Bills
Effectively managing your medical bills can help prevent them from damaging your credit scores.
Negotiating medical bills with healthcare providers: Before a bill goes to collections, you may be able to negotiate with your healthcare provider to lower the cost, set up a payment plan, or request financial assistance.
Repayment plans and options: Many medical providers offer payment plans that allow you to pay your medical bills over time. This can make it more manageable to handle large medical expenses without hurting your credit scores.
Hiring a medical billing advocate: A medical billing advocate can help you review your medical bills for errors, negotiate with medical providers, and even guide you through the insurance claim process.
Seeking financial assistance and grants: Look for financial assistance programs, grants, or charities that may help cover the cost of your medical bills. Some hospitals and clinics also have programs for eligible patients.
Weighing the pros and cons of personal loans or credit cards: Using personal loans or credit cards to pay off medical debt can be an option, but consider the potential impact on your credit scores, as well as the interest rates and fees associated with these forms of borrowing.
What to do if You Can’t Pay Your Medical Bills
You have certain rights under the Fair Debt Collection Practices Act (FDCPA), which protects you from abusive or deceptive debt collection practices. Make sure you understand your rights and options when dealing with medical debt.
Keep an open line of communication with your medical provider and debt collectors. Discuss your financial situation, ask for assistance, or negotiate a payment plan to help manage your medical bills.
In extreme cases, bankruptcy may be a viable option to address overwhelming medical debt. However, it’s essential to consider the long-term implications, as bankruptcy can have a significant and lasting impact on your credit.
Preventing Medical Debt from Damaging Your Credit
Taking a proactive approach to managing medical expenses can help protect your credit score. Review your medical bill and insurance statement carefully for errors, and address any discrepancies promptly. Keep track of due dates and submit insurance claims as soon as possible to avoid late payments or collections.
Maintaining a record of your medical expenses can help you budget effectively and ensure you don’t miss any payments. Consider using financial management tools, apps, or a simple spreadsheet to stay organized.
You should also regularly review your credit report for any inaccuracies. By catching errors early, you can dispute them and potentially prevent damage to your credit score.
Keeping Your Credit Score Healthy
Some strategies for maintaining a healthy credit score include making timely payments on all your debts, keeping your credit utilization low, and diversifying your credit mix by using different types of credit responsibly.
Establishing a solid credit history takes time and consistent effort. By using credit responsibly, making timely payments, and avoiding high levels of debt, you can build a strong credit history that will serve you well in the long run.
Having a financial plan and an emergency fund can help you handle unexpected medical expenses without relying on credit, which could negatively impact your credit. Aim to save at least three to six months’ worth of living expenses in an emergency fund.
Conclusion
Unpaid medical debt can have a substantial impact on your credit, but understanding how it works and taking proactive steps to manage it can help you minimize its effects. Stay on top of your medical expenses, communicate with medical providers and debt collectors, and maintain a healthy credit score by following the strategies outlined in this article.
Remember, your financial health is just as important as your physical health, and taking control of your medical debt is a significant step toward financial well-being.
Frequently Asked Questions
What happens when medical debt is sold to a collection agency?
When medical debt is sold to a collection agency, the agency becomes responsible for recovering the unpaid debt. They may contact you through phone calls, letters, or even legal actions to collect the outstanding balance. The collection agency also reports the debt to credit bureaus, which can cause a significant drop in your credit score.
What are the consequences of unpaid medical collections over $500?
Unpaid medical collection accounts over $500 can stay on your credit reports for up to seven years and have serious consequences, such as:
Significant damage to your credit score
Difficulty obtaining loans, credit cards, or favorable interest rates
Potential legal actions or wage garnishments
Increased stress and financial burden
It’s essential to address unpaid medical debt promptly to minimize these consequences.
What should you do if you can’t pay a medical bill on time?
If you can’t pay a medical bill on time, consider the following options:
Communicate with your medical provider about your financial situation and ask for assistance or a payment plan.
Explore financial assistance programs, grants, or charities that may help cover the cost of your medical bill.
Negotiate with the medical provider to lower the cost or set up a payment plan.
Hire a medical billing advocate to help you review your bills and negotiate with the medical provider.
How can you negotiate medical bills?
To negotiate medical bills, follow these steps:
Review your bills and insurance statements for errors or discrepancies.
Research the average cost of the medical service in your area.
Prepare a case, explaining why you believe the bill should be reduced.
Contact your medical provider’s billing department and discuss your concerns.
Be prepared to provide documentation and evidence to support your case.
Remain polite and persistent throughout the negotiation process.
How can I get medical bills off my credit report?
To get medical bills off your credit report, the first step is to review your credit report for inaccuracies and verify the legitimacy of the medical collections listed. Inaccurate or unjust collections can be disputed, and if the dispute is resolved in your favor, the medical debt will be removed from your credit report.
To dispute a medical collection, contact the credit bureau reporting the debt and provide supporting documentation, such as insurance Explanation of Benefits (EOB), payment records, and any correspondence with the healthcare provider or collection agency. The credit bureau typically has 30 days to investigate the dispute, and if successful, the medical collection will be removed, potentially improving your credit score.
Another approach to getting medical debt off your credit report is by negotiating a “pay-for-delete” agreement with the collection agency. In a pay-for-delete agreement, you offer to pay the outstanding medical debt in exchange for the collection agency removing the collection from your credit report. This strategy, however, isn’t always successful, as collection agencies are not obligated to agree to such terms.
Chase has announced that it will be changing the benefits administrator and underwriter for it’s cards to Assurant (from eClaimsline) on October 1, 2024. In addition there will be a new website chasecardbenefits.com where cardholders can view their benefits and also file insurance claims in one place. In addition coverage will be increasing across a number of products, for example:
Travel accident insurance coverage from $250,000 to $500,000
Auto rental coverage: will now include more vehicles, coverage up to $60,000 for eligible vehicles with an MSRP of $125,000 or less
Emergency Evacuation and Transportation, provider now arranges and provides emergency transportation for qualifying events so cardholder doesn’t have to pay upfront and then be reimbursed
A number of other benefits are also being improved upon. Need to see what the claims process is like but overall seems to be a positive change.
Editor’s note: Live Nation / Ticketmaster, a dominant force in the live concert market, from venues to promotion to ticketing, was sued on antitrust grounds by the U.S. Department of Justice in May. Long-simmering anti-Ticketmaster sentiment crested with a major fiasco during presale for Taylor Swift’s Eras Tour in 2022, leading to a congressional scolding and, finally, the current DOJ action, which has not yet been resolved. We asked longtime music writer and historian Jim Washburn to give an account of what ticket-buying was like before Ticketmaster, and before the internet.
“Good afternoon, young man. May I help you?”
“Yes, thanks, ma’am. I’d like six peanut clusters and two Jimi Hendrix tickets, please.”
That 13-year-old young man was me in 1968, and that’s pretty much what buying concert tickets was like then. In Southern California, you’d either get your tickets from the event box office, or at a Mutual Ticket Agency, which had outlets wherever they could put one: department stores, Clifton’s Cafeterias, college campuses and all manner of mom-and-pop shops.
In my case, that was the See’s Candy shop at La Mirada Mall, where I was usually helped by a matronly woman with her gray hair in a bun, who likely didn’t know Jimi Hendrix from Jiminy Cricket. You’d tell her the artist, date and venue. She’d call the Mutual Agency’s Los Angeles headquarters to see what was available, fill in ticket blanks with your seat numbers and such, and you’d pay the face value of the ticket — $4.50 in this case — with no service charge.
The Mutual agency had been around since at least the 1930s, and it was still working pretty well in the late 1960s. But it was a rapidly changing world. The first concert I bought tickets for was Cream and Spirit at the Anaheim Convention Center in March 1968. My stepdad thought “concert” meant “society event,” and made me wear my J.C. Penney’s burgundy suit with a clip-on tie, ideal attire if you enjoy having hippies laugh at you. Thankfully, Dad had relaxed his dress code by that summer, when I was seated in a sweltering dirt field amid some 60,000 seemingly psychedelicized folks at the Newport Pop Festival, there to see Jefferson Airplane, the Grateful Dead, the Byrds and other rock avatars for $4.50.
The following year’s Woodstock festival and its subsequent film were a major accelerant to the live music scene, and to ticketing. When 1955’s “Blackboard Jungle” had opened with Bill Haley’s “Rock Around the Clock” blaring from movie-house speakers, it was a clarion call for kids who’d been waiting forever for music they could call their own. The Woodstock concert film was that on steroids, plus acid and weed. Its audience had grown up seeing their heroes assassinated, their friends shipped home in body bags and fellow students shot dead on college campuses for protesting. Now they had music that spoke to and for them, delivered via the loudest damn amplifiers anyone had ever heard.
A lot of us thought the questing music of the 1960s would lead to a utopian era of peace, love, flying cars and computers that could solve any problem. We settled for Ticketron.
The Ticketron era
Founded under another name in 1966, and functioning pretty well by the 1970s, Ticketron was the first successful computer-based ticketing system. There was certainly a need for it. As nice as the folks fumbling with the phones at Mutual agencies were, there was no way they could cope with the burgeoning crowds now seeking concert tickets. Had you seen the Who in 1968, you’d have been among maybe 1,500 hardcore fans, but by 1970, the Who were playing in arenas and stadiums, sometimes to more than 30,000 people.
Ticketron outlets were most often found in upscale department stores, such as the Broadway, May Co. and Robinson’s, and generally located deep in the stores’ customer service nook. Some had competent, trained staff who were sensitive to music fans’ longing to get the good seats before they were snatched up at other outlets. But some employees seemed to revel in frustrating the rockers infesting their tony store: “I’ll be right with you, dear, as soon as I’ve shown this couple our full array of gift-wrap paper.” Meanwhile, entire sections of concert seats would vanish.
That’s one reason why many fans chose to join the line at a concert venue’s box office, another reason being the perhaps mythic assumption that box offices had the best tickets. But no one shunned Ticketron to avoid the service fee — it was only 25 cents — or the convenience fee — since there wasn’t such a thing yet.
Ticket prices, meanwhile, had only moved up a buck or two in the early ’70s. Consequently, fans were outraged in 1974 when prices for Bob Dylan and the Band’s arena tour were jacked up to $8 and $9.50. But what performers and promoters noted was that, outrage or not, every show sold out and scalpers were getting record prices for tickets.
Scalpers enter the scene … and ticket prices rise
That was the first spark igniting the quick and apparently never-ending climb in ticket prices. When scalpers started to get $200 or $300 for tickets with a $15 face value, bands, promoters, venues and other stakeholders saw that as money that should be going into their pockets, not some scuzzball street vendor’s.
As a result, deadpans longtime concert-goer Matt Rosney, “Not that much has changed, except the decimal point. In 1975 I was paying $6.50 for a Stones’ ticket; now it’s $650 if I’m lucky.”
I’m mixing some different voices into the story at this point, because I became a music critic in 1983 and for the next quarter-century scarcely ever had to pay for the hundreds of concerts I saw. Poor me. So I asked friends and Facebook friends to weigh in with their experiences.
Philadelphia-raised Matt has seen the Rolling Stones in six different decades, beginning when he was a young teen in 1966: “I went with my mother and brother to Atlantic City. While they shopped or something, I spent one dollar and three cents tax to see the Stones in the Marine Ballroom on Steel Pier. They only played six songs in a half-hour set, with the audience screaming and going nuts, and I told myself, ‘I need more of this!’”
Matt hasn’t missed a Stones’ tour since, and once managed to see 19 shows on a 25-city tour. For the band’s 1969 jaunt, he had to drive to where the distant shows were a month early to try to buy tickets. When the Stones next toured, in 1972, Matt learned that if he could get the Ticketron code numbers for their gigs in other cities, he could buy the tickets right from the Ticketron outlet in a Sears store in Philly.
The communal side of standing in line
Matt and several others told me that one thing they miss about those days is that, alongside the competition to get good tickets, there was also a lot of camaraderie. When you’re in a queue sharing a joint or bota bag of wine with people as nuts about a band as you are, you sometimes form lasting friendships. One of Matt’s line-made friendships was with a huge collector of Stones memorabilia, who in turn was friends with the band’s security manager, who would sometimes get them into shows.
On the West Coast, Orange County teen Andrea Waters first saw the Stones at the L.A. Forum in 1972, and the following year spent a night in a sleeping bag in the Forum’s parking lot to get tickets for a benefit concert the Stones headlined. (She was amazed when famed concert promoter Bill Graham himself handed out the ticket slips in the morning.)
Like Matt, Andrea hasn’t missed a Stones tour since then. Sometimes the ticketing was done by mail order, and — taking a tip from a friend who’d mail in for TV game show prizes — she used colorful, hand-decorated envelopes labeled “Pick Me!” But it was Ticketron, and then Ticketmaster, outlets she had to deal with for most of the rock concerts she attended.
“That involved running at full speed through the local Broadway or May Company to the floor with the ticket counter,” she recalls. “They frowned on running, but that never stopped us. Once there, my friend Mike and I usually brought a clipboard with a sign-up sheet — like we were officials — so people wouldn’t try to jump their place in line.
“Unlike the old ladies at the May Company, at the Tower Records stores the Ticketron, and later Ticketmaster, crews really knew what they were doing. The problem was everyone knew that, and there’d be a hundred or more people lining up at Tower before they opened, so your chances could be dim there, too. We lucked out, for a while, when we found a Ticketmaster outlet in an out-of-the-way stationary store. Of course, people found out about that before long.”
When the Stones toured the U.S. in 1978, Andrea and some friends took to the road to catch several of the shows, and made some far-flung new friends in the queues. Matt Rosney was still doing the same, and at the Stones’ Cleveland show that year the two met and clicked. After clicking even more when they both turned up at subsequent shows in various states, Matt eventually moved west, and Andrea became a Rosney when they married in 1983. Forty-one years later, they’re still hitched, are grandparents, and still joined in the ticket scramble on the Stones’ current tour.
Ticketmaster, before the internet
These digital days, it’s not entirely surprising that a number of people I spoke with refer to the Live Nation-aligned Ticketmaster as Ticketbastard. But back in the service’s brick-and-mortar heyday, a lot of people on the business side of the counter did their best to make it work for ticket buyers. Lorraine Chambers, a writer and editor at the Hollywood Times, was part of the Ticketmaster crew at the Costa Mesa, California, Tower Records two decades ago.
She says, “We operated like a great assembly line, with a precisely delegated setup.” That entailed prepping the hopeful buyers in line outside: issuing wristbands; pre-checking IDs; instructing buyers to have cash and credit cards ready rather than fishing them out at the counter; and requesting they be quiet inside, so everyone’s orders could be heard clearly.
“Our goal was to keep the Ticketmaster machine printing out the most tickets possible before a show sold out,” Lorraine says. “The last thing we wanted to hear was a buyer moaning when that happened.”
Getting creative in search of tickets
I’ve heard several stories of other means of getting into shows. One couple mixed a gallon of screwdrivers in a plastic milk jug and traded it for tickets outside a multi-act stadium concert. One less consumer-minded person sold rabbit droppings as hashish outside a Tom Verlaine show. In more than one instance, people got to the front of a ticket line by carrying pizza boxes and saying they were making a delivery to the box office.
And then there were the Grateful Dead fans. In 1978, the Dead recorded a song called “I Need a Miracle,” and it became a mantra for fans who followed the band from city to city but lacked tickets. Sometimes they’d find someone with spare tickets; sometimes a sympathetic stagehand might slip them in a side door; but most often they’d find a poorly guarded fence to scramble over by the dozens.
That was at least more civilized than the heyday of rock festivals, when hordes would tear down parameter fences. As then-young concert-goer Mike Ritto put it, “Palm Springs Pop Festival: no tickets; got in free when the fences came down. Newport Pop Festival ‘69, Devonshire Downs: no tickets; got in free when the fences came down.”
Sometimes serendipity gets the job done. When Leonard Cohen’s final tour made its way to Seattle in 2013, my friend Karl Zwick went to the theater ticketless because he usually lucked out buying last-minute unclaimed comp tickets from the box office. He had no such luck this time, and was even less cheered when he saw a woman simply give away her two spare tickets to a man with a laminated “I Need Tickets” sign hung from his neck. Karl recognized him as a scalper he’d seen outside other shows. Since the fellow had paid nothing for the tickets, Karl offered him face value, $50, for one, but he insisted on $100.
“Then a guy who’d seen this came up to me a minute later and asked if I needed a ticket,” Karl recalls. “I said, ‘Hell yes,’ and then he quizzed me with questions like, ‘Where was Leonard born?’ ‘What’s the title of his second album?’ I guess I passed. He pulled a small stack of tickets from his pocket and handed me one.
“It turned out he was Leonard Cohen’s road manager. He didn’t like scalpers, and told me in a not too threatening voice, ‘If it’s not you in that seat, I will find you.’ And he did come out from backstage before the show started, saw me in the seat, shook my hand and said, ‘You’re a man of honor.’ That’s something I’ve never heard from Live Nation.”
Ah yes, Live Nation. They don’t get, or give, much love. Matt and Andrea Rosney certainly have no fun navigating Live Nation’s Ticketmaster site. Matt doesn’t like the surge pricing, where a ticket’s cost can suddenly lurch upward based on demand. He doesn’t like the convenience fee, so named because you have the convenience of buying tickets on your phone or home computer, without Ticketmaster factoring the massive convenience it is for them to not be paying for computers, printers, ticket stock and people in a zillion physical locations.
And don’t even get Matt started on the service fee. Oh, what the hell, let’s: “On my Stones ticket for Las Vegas, the service fee alone was $110. What service did they provide? Well, it hurts when I sit down. That’s the service they provided.”
(Grateful Dead crowd photo by Scott Olson/Getty Images)
401(k) accounts are a cornerstone of retirement planning in the United States. They offer tax advantages and employer matching contributions, which can significantly boost retirement savings over time. By regularly contributing to a 401(k), individuals can ensure they have a secure financial future when they retire.
Despite their importance, 401(k) accounts can sometimes be misplaced or forgotten. This can happen for several reasons: changing jobs and forgetting to roll over the 401(k) to a new employer’s plan or an IRA, employers failing to keep up-to-date contact information for former employees, or administrative errors leading to unclaimed accounts.
This article aims to guide readers on how to recover their lost 401(k) funds. Whether you’ve changed jobs multiple times or simply lost track of your retirement accounts, we’ll explore three easy methods to help you find and reclaim your hard-earned money.
How 401(k) Accounts Can Be Lost
401(k) accounts can be lost for several reasons, and understanding these scenarios can help prevent losing track of your retirement savings. By recognizing the common pitfalls, you can take steps to ensure your funds remain secure and accessible.
Job Changes and Not Rolling Over the 401(k)
One of the most common reasons for losing track of a 401(k) account is changing jobs. When transitioning to a new employer, it’s easy to forget about rolling over your 401(k) from your previous job. Over time, this forgotten account can slip through the cracks, leaving you unaware of its existence.
Lack of Communication from Previous Employers
Another scenario that can lead to a lost 401(k) is a lack of communication from former employers. Companies may not always keep former employees’ contact information up-to-date, making it difficult for them to reach out about your retirement account. As a result, you might miss out on important information regarding your 401(k).
Administrative Errors or Forgotten Accounts
Administrative errors and oversight can also contribute to lost 401(k) accounts. Misfiled paperwork, incorrect account information, or simply forgetting about an old account are common issues that can lead to lost funds.
Importance of Regularly Tracking and Managing Retirement Accounts
To avoid losing track of your 401(k), it’s essential to regularly monitor and manage your retirement accounts. Keeping detailed records of your employment history and staying in contact with former employers can help ensure your retirement savings remain accessible. Additionally, consolidating multiple 401(k) accounts into a single IRA or a new employer’s plan can simplify management and reduce the risk of losing track of your funds.
Method 1 – Contact Former Employers
Recovering your lost 401(k) often starts with reaching out to your previous employers. This method involves several steps to ensure you gather all necessary information and communicate effectively.
To begin, you need to locate your former employers. This might seem daunting, but with the right approach, it can be straightforward.
1. Gather Necessary Information
Start by compiling key details about your past employment, such as employment dates and employer contact information. This information will be crucial when reaching out to the company.
2. Utilize Online Resources
Next, use online resources like LinkedIn or company websites to find current contact details for your former employers. LinkedIn can help you identify current HR representatives or former colleagues who might assist you.
3. Contact HR Departments Directly
Once you have the necessary information, reach out to the HR department of your former employer. Explain that you are seeking information about your 401(k) account. Be prepared to provide your employment details to verify your identity.
What to Expect During the Process
During this process, you may encounter some delays or need to follow up multiple times. HR departments can be busy, and retrieving information about old accounts might take time. Patience and persistence are key.
Effective communication is essential. Be clear and concise in your requests. If you don’t receive a response, follow up with a polite reminder. Keeping a record of your communications can help track your progress and ensure you have the information needed to recover your 401(k).
Method 2 – National Registry of Unclaimed Retirement Benefits
The National Registry of Unclaimed Retirement Benefits is a valuable tool for locating lost 401(k) accounts. This registry helps individuals find retirement accounts that may have been forgotten or left unclaimed.
It’s a free service that helps individuals locate lost or forgotten retirement accounts. It connects people with their unclaimed retirement benefits from previous employers.
How to Use the Registry to Search for Lost 401(k) Accounts
To begin your search, visit the registry’s website. You will need to enter some basic information to initiate the search process.
Typically, you will need to provide your Social Security number and some personal details such as your name and birthdate. This information helps the registry match you with any unclaimed retirement accounts.
Once the search is complete, you will receive a list of potential matches. Review these results carefully to identify any accounts that belong to you. If you find a match, follow the registry’s instructions to claim your funds. This usually involves contacting the plan administrator and providing verification of your identity and employment history.
Other Similar Resources and Databases to Consider
In addition to the National Registry, consider using other resources like the Department of Labor’s Abandoned Plan Search or the Pension Benefit Guaranty Corporation’s Missing Participants Program. These databases can also help locate lost retirement accounts.
The Employee Benefits Security Administration (EBSA) plays an important role in protecting retirement benefits and can assist in recovering lost 401(k) accounts.
The EBSA, a division of the U.S. Department of Labor, oversees the administration and enforcement of laws governing private sector employee benefit plans. They help ensure that employees receive the retirement benefits they are entitled to.
How to File a Claim with the EBSA for Lost 401(k) Accounts
To file a claim, visit the EBSA website and find the section dedicated to unclaimed retirement benefits. There, you can submit a request for assistance.
When filing a claim, be prepared to provide documentation such as your Social Security number, employment history, and details about the retirement plan. This information helps the EBSA verify your claim and locate your account.
After submitting your claim, the EBSA will review your information and begin the search process. The timeline can vary, but you can expect to receive updates on the status of your claim.
Additional Tips for Managing and Tracking 401(k) Accounts
Effectively managing and tracking your 401(k) accounts is essential to ensure your retirement savings remain secure and accessible. Here are some tips to help you stay on top of your 401(k) management.
Regularly Update Contact Information with Employers
One of the simplest ways to avoid losing track of your 401(k) is to keep your contact information up to date with all current and former employers. Ensure they have your current mailing address, email, and phone number. This helps employers reach you with important information about your retirement accounts.
Keep Detailed Records of Employment History and Retirement Accounts
Maintain a comprehensive record of your employment history, including the dates you worked at each company and the details of any retirement accounts associated with those jobs. This information will be invaluable if you need to track down a lost 401(k) account in the future.
Utilize Financial Advisors and Retirement Planning Tools
Consider working with a financial advisor to help manage your retirement accounts. Advisors can offer personalized advice and strategies to optimize your retirement savings. Additionally, take advantage of retirement planning tools and apps that can help you track your accounts, monitor performance, and make informed decisions.
Importance of Periodic Reviews and Consolidating Accounts When Possible
Regularly reviewing your retirement accounts is crucial. Set a schedule to periodically check the status of your 401(k) accounts, ensuring everything is in order and making adjustments as needed. If you have multiple 401(k) accounts from different employers, consider consolidating them into a single account, such as an IRA. This simplifies management and reduces the risk of losing track of your funds.
Bottom Line
Even if your 401(k) has been forgotten for years, those funds are still yours to reclaim. When you change jobs, consider rolling your 401(k) into your new employer’s plan or an IRA.
Alternatively, you can leave it with your previous employer, but be sure to weigh the benefits and stay on top of the account details. Taking these steps will help you maintain control over your retirement savings and secure a more stable financial future.
So, you’ve got one day in Glendale, AZ – you’ve come to the right place! Whether you’re exploring the town for vacation or trying to decide on renting an apartment in Glendale, AZ, buying a home, or renting a house in Glendale, ApartmentGuide can help you with planning the ideal day.
Here’s the plan: Below, you’ll find a wealth of bars, activities, and parks handpicked by Glendale, AZ, locals. Your task is to look through the list, selecting one item from each step to create your ideal itinerary. Feel free to choose more than one option if you wish! The goal is for you to get a crash course in what it’s like to live in Glendale, AZ.
Step one:
Try a new experience
Take the opportunity during your time in Glendale to try out some of the activities the city has to offer. Below is a selection of shops and experiences, from a local women-owned boutique to a hot air balloon ride. Choose one or a few to explore during your stay.
Roka Boutique: “From high fashion to accessories to gifts, this locally owned boutique has exactly what you need to look your best. Trained stylists are ready to assist in your shopping, and you’re guaranteed to leave with something totally one-of-a-kind.” – Jen of Turquoise Wine Cellar & Tasting Room.
Rainbow Ryders: Rainbow Ryders is the top-rated hot air balloon ride company in the Southwest, offering breathtaking flights year-round. With nearly 40 years of safe flying experience, they are the official operator for notable events like the Albuquerque International Balloon Fiesta. Perfect for any occasion, their rides promise stunning views, expert pilots, and a memorable adventure for all.
Camelback Ranch – Glendale: As the spring training home for the Los Angeles Dodgers and the Chicago White Sox, Camelback Ranch provides fans with the chance to see top-tier baseball talent up close. The picturesque stadium, with its stunning desert backdrop, combines modern amenities with a cozy atmosphere, making it a perfect destination for a day out. Additionally, the complex features beautifully landscaped walking trails, picturesque water features, and plenty of opportunities for fan interaction, ensuring a memorable visit for all ages.
Step two:
Explore a park or two
Glendale boasts numerous amazing parks and natural features. If you enjoy the outdoors, choose one of the activities below to explore.
Foothills Recreation & Aquatics Center: “When visiting Glendale, we love to take our family to the Foothills Recreation & Aquatics Center. It offers a great escape from the heat and some much needed family time. They also have a full size gym and rockwall which is perfect for getting some energy out.” – Nicole Sarah of Nicole Sarah Photography Studio.
Desert Botanical Garden: “They offer some of the best plant species examples in an easily accessible pathway. Additionally, they feature many different events throughout the year including arts festivals and concerts. There’s something for all ages and it’s always new and exciting.” – Nicole Sarah of Nicole Sarah Photography Studio.
Lake Pleasant Regional Park: Lake Pleasant Regional Park is a fantastic destination for outdoor enthusiasts. This scenic park offers a variety of recreational activities, including boating, fishing, hiking, and camping. With over 23,000 acres of water and beautiful desert landscape, it’s perfect for a day trip or a weekend getaway. The park features well-maintained facilities, picturesque picnic areas, and opportunities for wildlife viewing, making it an ideal spot for families, adventurers, and nature lovers to enjoy the great outdoors.
Step three:
Try the local brews and wine
While in Glendale, stop by some of the local breweries and wineries to relax after a long day exploring the town.
The Lola: “Located in the Westgate Entertainment District, The Lola is a lively gastropub offering a fantastic selection of craft cocktails and local beers. The atmosphere is vibrant, with live music and a beautiful outdoor patio perfect for socializing. It’s a great spot to unwind with friends while enjoying some delicious bar bites.” – Brian Bergmeier of Bar and Club.
State 48 Funk House Brewery: “Also situated in the Westgate area, this brewery is known for its diverse range of craft beers brewed on-site. The Funk House features a cozy, laid-back ambiance with unique decor and a friendly staff. It’s an excellent place for beer enthusiasts to explore new flavors and enjoy a relaxed evening out.” – Brian Bergmeier of Bar and Club.
Turquoise Wine Cellar & Tasting Room: “Check out the charming, locally owned Turquoise Wine Cellar & Tasting Room! This female-owned business features a revolving menu of wines by the glass and tasting flights, and over 250 different boutique bottles of wine from around the world. Enjoy a glass on the patio, live music on the weekends, and a long list of culinary delights to make a perfect brunch, lunch, or dinner!” – Jen of Turquoise Wine Cellar & Tasting Room.
