Inspired by JL Collins – should I ask my financial advisor to redistribute my existing Roth all to VTSAX? Newbie here. Just finished JLCollins A Simple Path to Wealth and checked my Roth IRA to see what funds my advisor had my account invested in. I was surprised to not see any $ in VTSAX – should I reach out to them to reallocate? How does this work? My financial advisor is a long time family friend, so a bit nervous to question them based on what …

A new electricity supercycle is under way Why spending on power infrastructure is surging around the world

Lost job and struggle – need advice I was laid off a little over a year ago and have been freelancing since then. While freelancing helped at first, things are getting tough because work has become scarce. I’m struggling to land a full-time job that pays what I was making before, and the financial pressure is mounting. I’ve been using savings to survive – I don’t want to deplete m…

Should I pay off my 4% mortgage when I hit age 65 I’ll be 65 in a few years living in a VHCOL area. I will have 15 years left on my mortgage at age 65. I’ll have enough assets to pay it off in full and still be very comfortable financially, but at 4% it doesn’t feel like I need to. The value of my house probably grow at or above inflation of 3%. I have enough cash flow to either pay the mortg…

Wondering about utilizing a backdoor Roth Household income: $150k after tax Income is recently reduced due to partner taking time off work while pregnant Annual spending: $90k $280k in 401k’s $100k in company stock $800k in taxable investment account Assuming that I max our 401k each year, should I be moving money from our taxable investment account to a Roth IRA? Would that be a smart …

MIL Account Options Post Divorce FIL and MIL divorced about 10 yrs ago. I just found out MIL has her share of his 401k just sitting doing nothing in a Schwab account. NOTHING for 10 yrs. What is the best option for her being in her 60’s? Rollover to a Roth IRA? Traditional IRA? I’m still knowledge poor with retirement accounts so any help is appreciated. submitted by /u…

Auto insurance – submit a claim or eat the whole cost? Not sure – is this the right place to post this? We hit a boulder with our SUV…. at a Costco gas station (the boulder is part of the landscaping and actually sticks out past the curb by a little bit). Fortunately not having any dealings with auto body repairs in a few years, we figured the cost wouldn’t be too bad / and with our $1K deductible…

Does this home selling/buying idea make sense? I live in a desirable home in a popular mid-sized city suburb with dramatic appreciation the past few years and good continuing appreciation. I bought my home five years ago for $265k with a 30 year mortgate, and it appreciated to $500-550k let’s say. I owe just under $250k on the mortgage at 4.375%. I am thinking of moving for long-term reasons…

What’s the best budgeting app out there? I live in the US and keep seeing ads for rocket money and Mint. Anyone have advice on which app (the ones listed or not) is best? I’m not looking to pay a subscription either so something free to keep track of things is what I’m after. Would love to hear some success stories if possible! submitted by /u/whitewolfie916

Cleaning up Wife’s Retirement Accounts I’m trying to help clean up my wife’s retirement accounts this year and I wanted to bounce it off of everyone on this sub. Wife currently has a 403b through her employer that she contributes to. She also has a Roth 401k and a Traditional 401k from a previous employer that she left over 4 years ago. All of these accounts are with Edward Jones. I…

75 year old retiree – how to efficiently withdrawal from my accounts? I am a 75 year old retired father who would like to understand how to efficiently withdrawal from my two accounts. Here is more information about my current situation. Debt: No debt and house is fully paid off Tax Filing Status: Single and primary residence in state with no state tax Emergency funds: 24 months in cash Current retirement asse…

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What do I invest in as an 18 year old? I’m 18 working a job right now that pays 30k/year. I am lost right now as to where to invest my money. I’m thinking about starting a Roth IRA, but I’m not sure where else I should be investing. Is there a specific percentage split of money I should be putting in to different investments? Thank you in advance for any answers. submitted by …

Elderly and debt, curious of downside for not aggressively paying down the debt. Won’t their estate just be responsible for repayment of debt? And if no estate $, it goes away? So at my age (30s) and my parents age (50-60s) it makes sense to aggressively focus on paying down debt. But what about for those in their 70s and 80s who are already well within their retirement and have had debt for 5 decades? Longer story. My grandparents have always been in and out of debt. Their credit has never been good and they don’t ma…

Best strategy regarding ESPP and saving for retirement Working on my savings goals for 2025 and have some questions regarding employee stock purchase plans and how that can fit into my savings. My company offers a 15% discount off the current price at the end of every quarter and is 100% vested, I do know about the requirements for a qualified vs disqualified distribution. Current income/savings in…

My husband filed his taxes as ‘single’, but we’re still married. My husband and I have been separated, not legally, for almost two years. Last year he filed ‘single’ on his taxes. I did not file. I am going back to file last year’s taxes and about to file this year’s taxes and want to know how this might impact me and my 2023 tax filing. Any advice or insight would be appreciated. Thanks! submitted by …

I have a very high Electricity bill and my small Apartment is still cold (Northern VA) This is my first apartment, I lived with my folks I live in a small apartment (less than 660sq ft) and my electricity bill was $263. Here is some information: My sibling lives in a bigger apartment in the same complex and her highest bill EVER was $120 We have the thermostat set to 73 F and my side of the room was 58 F this morning. Everywher…

My aunt can’t remember what account is tied to her Zelle – is it possible to help her find out which bank the funds are at? Recently sent my aunt some money via Zelle – problem is she has a couple accounts and can’t figure out which one is tied to her Zelle. Is there any way to help her figure out where the money is? submitted by /u/oarmash

Understanding the role of my 401k contributions in retirement planning I’ve been maxing out my 401k since I started my job seven years ago, and I currently have about $450k in it. I’m 43, married with three young kids. A colleague of mine in the finance department mentioned that my contributions are ahead of what most people are doing in the company. He said that even if I stopped contributing altogether today, I c…

Do I have enough to move out in my own? I’m 23F and I want to move out. Currently, I have around 6k in savings and my mom is helping out with buying furniture, so I can slowly pay her back for that. The rent for the place I’m looking at is about $1300 not including utilities, plus I want to have a cat. I’ll be getting a “new” car (used in good condition) soon too, so there’s the loan …