Life Insurance Options Hello PF! My question pertains to life insurance . For folks who can’t be approved for the sort of life insurance where you have to apply/answer medical questions for etc (is that called Term Life Insurance?), is the only other life insurance option Group life insruance? My understanding is whole life insurance is not advisable (I learned that h…

In laws put boat in partners name to avoid taxes Just what the title said. They do this with a lot of other stuff/people too. I found this out and was taken aback by this as we do not use the boat at all, nor do we make any decisions on the boat. It is 100% theirs and they just put it in his name to avoid taxes. My questions are does this have any negative tax or finance impacts to my partner?…

401K Allocation Decision I’m looking for advice about two things. The first is whether I should rebalance my 401k. The second is whether I should adjust my future allocation. Here are my current holdings and below that is my future allocation. For reference I am 40 and do want to partially retire before I’m 50. Investment Balance American Funds New Perspective R6 $…

Help! Where to invest? Hey guys just need some guidance on where to put money to grow over time. I’m looking for compound and dividends interest investments. 36, just got a full time job but not sure if I’m staying for long term as I’m trying to get into an electrician apprenticeship. I didn’t sign up for 401K just yet… I have $100k in my HYSA and CDs but I would like…

Should I start investing? I’m 18, this year’s my last year of high school. I have a youtubr channel that averages around 900$ a month, I’ve been thinking should I start investing some of the money, cause I’ve noticed that I sometimes spend it on dumb shit since I don’t really have a need for it right now, maybe spoil myself here and there, but ultimately, I think I shoul…

Can I put a freeze on my minor child’s credit? I have a 13 year old son and some concern that his other parent might try to pull that stunt of opening lines of credit in his name then running up debt in the coming years, though she hasn’t made any mention of this yet (she’s always had money troubles and very few scruples). What can I do to protect him from this? Is freezing his credit the be…

A couple in their late 30’s looking for an investment advice Hi all, I would like to ask for personal finance advice, mostly investment. The situation is as follows: Me and my partner are both soon to be 37 years old. We both have worked for 15+ years now and have stable (as much as they can be), 9 to 5 jobs, in two different “stable” (as much as they can be) companies. Unfortunately, no kids yet, due to…

Don’t want some extra money just sitting in the bank but not sure what to do with it I have started a bank account for my 4 year old child. It is currently setting at 18,000 and at this point forward I am contributing 100 a month to his account. This account will be fully his when he turns 18. I’m looking for low risk options that I may not have considered that will at least keep up with inflation. Any ideas? submitted by …

Taking a loan as a young person and buying my inheritance from family Edit: made the post more concise Hi all, I’m struggling with a big decision and could really use some advice. My grandparent is gifting her property as a “preheritance” to me (29F) and two middle-aged family members. The property includes: -Two log cabins (approx. €100k in total value) -A patch of forest valued at around €100k The cabins are in …

Messed up semester of College and College refunded the student loans. Now I owe that amount to the College. What do I do? I need some no judgement advice please. Long story short I supremely failed my last semester of college and the college refunded the loans to the govt and I now owe that much to the college. I want to try and make this right and finish college, but I have no idea how to find 5000$. What can I do? Will the college even let me enroll for the next …

What should I do next if I want to retire early? Preferably within the next 20 years I’m a 19 year old. Just graduated high school this year. I have a high yields savings account with navy federal with $2500 in it. And I have $4093 I’m able to invest into stocks. I have three shares of VOO. As far as expenses go, I have no expenses at the moment besides food. My occupation is the navy. Anyone have any tips or advice they could g…

Retirement Contributions – 401k or Roth IRA? What should the split of my contributions to 401k / Roth? Background, I’m mid-40’s, no retirement savings until 37. Just over $100k salary. Now, I’m up to $135k in 401k and $35k in misc . stocks. Employer matches up to 5% of my contributions, which, by default, are in a standard 401k. My % contribution goes up 1% every year automatically and is …

Most efficient contribution strategy for 401K max-out. I would like some advice on how best to max out the 401K at my workplace. My current pay is 184K USD (this is the base, up by 4K USD this year, no bonuses included, all cash, no equity). My employer matches 4% of the contributions and they offer the option for an extra 23K USD contribution to be mega backdoor’ed in. Since the total for 2024 was …

WordPress Backup Plugin Vulnerability Affects 3+ Million Sites via @sejournal, @martinibuster High severity vulnerability in a WordPress backup plugin makes it possible for unauthenticated attackers to inject a PHP Object. The post WordPress Backup Plugin Vulnerability Affects 3+ Million Sites appeared first on Search Engine Journal.

Any issues using CleverCards in the US I work for a Europe based company and they issue all employee clever cards. I looked on Reddit and people in Europe are not having trouble but I’m in the us and I am. I can’t use this card for gas. It locked up when I tried to make a online purchase and now I try to pay online for Walmart for an amount that is much less than what’s on the cards …

Random purchases through my debit card Hello, I can’t call my bank until tomorrow, but I just noticed I had about 5 different purchases (varying from $50-$60) all on January 1st. The description is “Visa Authorization Sporty’s Catalog”. Obviously I’ll call my bank as soon as the fraud line is available to call but does anyone recognize what the purchase name is? I’m not even sure how…

Estate question not sure what to do A family member of mine passed this summer, leaving no will. She had a small bank account and virtually no bills that would need to be paid afterwards. She and her children did not talk. When they were informed about her passing, they did not want anything from the estate, did not want to be in the executors, but also would not sign off on any p…

HSA investing with Inspira-need resources to learn I have about $7,000 in my HSA that I need to invest. I am contributing the max this year as well. I am not going to use the funds to pay for direct expenses, rather, ask for reimbursement at a later date (maybe at the end of the year for the previous year’s expenses). The account is through my employer (Inspira). I also have a dependent child f…

Parental help with buying a house My wife and I are looking to buy a house in Houston, TX for $400k. I know that mathematically it doesn’t necessarily make sense to buy it in cash, but that is what my wife feels most comfortable with. We have about $200k to put towards a down payment. Her parents have offered another $200k for the remaining balance. If we were to go down this r…

Backdoor Roth IRA advise I am over the income limit for IRA contribution. I have a 401k and no IRA. Wife has 410k and 401k rolled over to IRA from previous employer. I am 51 years old. Does it make sense for me to open a backdoor Roth IRA now? I saw that for 2024 I have time till April to do this. Is this a straight forward this to do .. contribute to IRA and immediatel…