Retired but with no plan What would you do in our scenario. Bottom line: we have not spent much time planning for retirement and I don’t know what to do. I would appreciate any thoughts on how to plan for the future. I am 74F and my husband 81M are in the below scenario: Assets (excluding house and 20 acres of land as we don’t want to sell) – 500k across IRAs. Investe…

How do I make it on $15 an hour? Here’s what I’ve allocated so far for each month: Rent: 700 Groceries: 150 Healthcare: 200 Bus pass: 50 Phone: 25 Utilities: 200 I feel like I’m forgetting something, please leave suggestions/info below I’ll probably get a second job soon. submitted by /u/the_radical_ed

In a Bad Way, Debt and Career Advice Please I’ll try to keep this short. I’m 34, single, have my 2 kids full time. Their mom doesn’t pay child support anymore. I lost my job in June due to mental health issues which are still going on. I struggle to make myself do anything. I’m going through the mental health journey currently but my whole world is falling apart. I had to withdraw all 20k…

32 Year old looking to reset This may become more of a venting post than anything. I’m turning 33 this year and this is the year I want to get my finances in order. I’m currently in debt 15,000 including my car and behind with a bad credit score, I make about 80k annually but currently looking for a new job. For back story I’ve never been great with finances but always main…

Bill I wasn’t aware of went to collections, can I just pay it? Long story short, I’ve never been in debt let alone had anything go to collections. My old slumlord apartment complex sent a $130 damages bill to collections after making no attempts to contact me. They already kept the full deposit without providing the required documentation of damages. Now they’re fucking with my credit and rental history and…

HSA Help: 2 young children on Dad’s HDHP Hi there! I searched the sub but nothing really matched my specific situation so I’m looking for a little bit of guidance. I’m new to this scenario. For history, I’ve always had my 2 kids on my HDHP and my own HSA that I keep track of, invest, take care of, etc. So I would contribute the max amount of dollars. My husband has his own HDHP and he …

529 to Roth IRA if 529 isn’t 15 years old? From what I understand, I can do a rollover of up to $35,000 from my 529 to my Roth IRA if the account is 15 years old, or older. Unfortunately, the administrator of my 529 is saying the account was created in 2021, even though I know it was created when I was a kid 20+ years ago. My questions are: 1.) If I’m not eligible for a rollover, is ther…

Does Capital Gains Affect your AGI? I am recently retired and want to minimize my taxes for 2025, but am confused over how Long Term Capital Gains will affect my AGI? I know I need to keep my AGI under a certain number to pay 0% on my Long term Capital Gains. Question I have is how does the capital gains affect my AGI? If I have IRA and Social Security (and part time job) that com…

Is there a downside to using a Roth IRA as an emergency savings account? I know the typical advice is to save 6 months worth of expenses in a savings account in case of emergencies. But im wondering, why not park that money in your Roth IRA & take it out in case of said emergency? Obviously Im talking about only taking out the principal amount, not the interest it accrues. As far as Ive read, there is no penalty or t…

What app or site is everyone using for a full view of their finances? I used to be a daily financial view checker, but in the last couple years stopped checking regularly, to my detriment. Mint has changed and I’m not sure I dig it, NerdWallet has changed significantly.. Anyone have an app/site they love for pulling in info from bank accounts from multiple banks, 401K, maybe even investments, etc. Thanks in advan…

2025 Gift Limit Revisions – US Just as an FYI there is an update this calendar year in the US by the IRS to the gift limits. I’ve seen a few threads where people still reference $18/$36k as the annual limit for exclusion of gifts. In 2025 it’s now $19k/$38k. They are adjusting for inflation apparently. Nothing earth shattering but just posting to make sure everyone is on th…

FSA – If you can afford to, I would recommend paying for medical expenses with a credit card and reimbursing later vs. using the FSA debit card. If you pay with your credit card, you get the rewards. You should only do this if you can pay it off when it’s due and not carry the balance. If you’re doing a bunch of small purchases at a pharmacy, it can be a pain to do the reimbursement, but if you have one or two larger expenses, it might be worth the effort. Another edge case to consider i…

Is it a terrible idea to sell our house while we relocate and rent? My family is relocating to Seattle from out of state. We have two young kids (3 and 4) so only one of us can work full time and our savings has slowly dwindled over the last couple years. We are definitely moving and renting in Seattle and will hopefully purchase something when the kids are older and we are both back to working full time. The op…

Can’t Set Up Paycheck Contributions – Vanguard 401k My spouse started a new job in Nov ‘24, and their 401k is thru Vanguard. I set up the account and selected where money should be invested, but I haven’t been able to figure out where to select the savings/deduction rate from spouse’s paycheck. I have scoured the site and have not found any mention of being able to change this. Spouse called head…

At 32 years old, I have no retirement planning I (32M) do not have any retirement setup. It’s not offered through my job, either. I have $70k in student loan debts, and able to save about $2k/mo after all of my living expenses. I have a savings of about $40k in a HYSA but I’m unsure of the next steps. Home ownership was a goal but with the current pricing and interest rates, it’s not in my f…

Should I move out or stay living with my parents? I’m 23, grossing $75k/year, and currently living at home with my parents in the suburbs. My job is hybrid, and I go into the office twice a week, which is about a 40-minute commute. I’m debt-free and have about $30k saved up. Renting an apartment closer to work downtown would cost me around $1,500/month. I can afford it, but staying home allows …

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I’m 23, and I fear I’ve completely ruined my future. I started building my credit a couple years ago, and I vowed to be the most responsible credit user possible. My family warned me about credit cards but I knew I had the discipline for them. Up until this year, I was fairly responsible. I did get a few more cards but I was so entirely caught up that not only was I saving money but I never paid a…

Max out ROTH immediately? Should I max out my 2025 ROTH immediately? Currently I have $36k in my HYSA @4.58%. I have no debt and just rent of $400 (living at home). In 2025 I will be looking to move out and expect to spend about $10k on that between first last security and furniture. (VHCOL) I make about $90k a year. My question is do I lump sum the $7k now out of my HYS…

24 year will be gifted $38k once a year for the next 20 years…how to start? Son is fresh out of college w a degree in cybersecurity, currently working low pay job and living at home to gain experience to springboard to the next level in career. $22k in college debt. Wondering what the best next steps are for him as he’ll be getting this $38k check every January. None of us have experience getting lump sums like this and…