Single mom expecting a baby – could use some eyes on my financial plan Buckle up and please be kind, as I am quite hormonal. 🙂 I am expecting a baby (first and probably only) as a single mom. There is no father in the picture, so there will be no child support. I have been financially independent for a long time. Although I’m very excited about the baby, I am a bit overwhelmed with making a solid financial plan. H…

Inherited a 7 house property management company with low income, but high asset value. Is it worth keeping around? Basically, rent totals are $106,356.00 at suggested rents. Yearly Mortgages $29,727.48 with $233,401.01 due total at $1,154,900.00 total house evaluation. Property taxes are $6,663.72 with insurance around $8,000 a year.. so that leaves me with $61,964.80 profit yearly, roughly if I market rent adjust. If I don’t (as of right now): $33,548.80. L…

Put myself in debt due to unforeseen circumstances, I’m not sure what my next step would be but I had a plan but i’m not sure if it’s the right call. Hi! Thank you for checking out my post! Due to unforeseen circumstances I had to put myself in debt. That doesn’t matter, I don’t regret my decision (it was for family). But now i’m having a hard time recovering. hyphotetical/ballpark numbers but, I have a 10k balance personal loan 7k on a 28% apr credit card (10k limit) 1k balance on car loan. …

Can debt follow you if you move to another country? I have a buddy who had nearly 20k in credit card debt and 40k in student loans. He moved to Greenland and he hasn’t paid any of his debt since before the pandemic. The man has a house, car, and 2 kids. He forgot he even had debt in the US. Should he be worried or is it a loop hole? submitted by /u/ThingsWork0ut

can i contribute 7k to my roth IRA right now on 12/31? i didn’t know this was separate from a traditional pre-tax 401k 🙁 and that you could use it for downpayemtn on a house is it too late to contribute for 2024? submitted by /u/Wonderful-Job-8621

When you’re unsure whether you’re going to be able to max out your Roth, 401K, Spousal Roth, how do you triage between these and a 529 as well? Baby just born, wife just laid off. Lucky enough to have had decent years leading up to this: ~30K cash 50K brokerage 130K Roth Just started SEP IRA and Solo 401K because I didn’t know which to go with for S-corp this year. 5K 529 (Baby born this year) Spouse has around 15K b/w Roth and traditional IRA. I’m self-employed and hunting down more stable work; I cleared ~110k last year…

What to do with my Annuity? Hello, I am currently 36m and trying to understand what my financial advisor set up a few years ago. Currently have two accounts in an annuity first is a 403b and total balance is $17.5k with a surrender value of $15.5 The second is a Roth Ind retirement annuity worth $2.27 surrender value of $2k My questions are can I transfer them from Nation…

I can’t stop impulsively spending money. I have adhd and I impulsively spent a lot of money to the point where I am broke. What can I do? submitted by /u/adeliahearts

Advice going forward. I (22m) currently only have $2,000 in saving and $1,000 in checking as well as no credit score. I’ve never taken out a loan nor have owned a credit card. I live with my parents and don’t pay any bills and my current job is part time working 32 hours a week (4 days, 8 hr/day) and making $16:50 an hour. I currently need to buy a car and I have $6,…

Are the saving on car insurance advertisements a hoax? I keep seeing “save on car insurance” ads everywhere or “shop around for better rates” advice. However every time I try to do this, I spend 15 minutes entering information only to be given a quote that is way higher than what I’m already paying. Has anyone actually benefited by shopping for cheaper insurance? submitted by /u/shimmiecocop…

Car totaled, not at fault, what should I know/do? This past weekend, I was rear-ended by an inattentive driver. My car, 2010 Subaru Forester with 250,000 miles on the clock, looks like it escaped with nothing more than some minor damage, but I just found out today it is likely totaled. This is primarily because the crash caved in the spare tire well, which is part of the unibody. I’ve owned thi…

Emergency Fund or Pay off Credit card I need advice if I should pay off my $9000 credit card or build up an emergency fund, or do both. (It will be the course of over a year) It’s just recently that l’ve been more mindful of my expenses and finances. Would be great to get an insight on other people’s opinions. Thank you! submitted by /u/isyogjoh

Saving for large buy in at work I work at a private company where you have to be invited to buy into the company to become a shareholder. At this point, I have progressed up the ladder to the point where I can realistically see that I get asked to buy in at some point in the next 1-3 years. While I don’t know the exact amount of the current initial buy in, I anticipate it will…

Hospital billing error sent to collections Hi, I had an MRI of the cervical and lumbar. I have deep brain stimulator hardware in my head. So the day of the MRI they said that even though the back MRIs are considered one procedue, that I would have to do one part (lumbar) that day and come back the next for the cervical. I paid the copay on the first day and wasn asked for any payment the…

Google Speculates If SEO ‘Is On A Dying Path’ via @sejournal, @martinibuster Googlers offer a surprising assessment of whether AI has put SEO on a ‘dying path’ The post Google Speculates If SEO ‘Is On A Dying Path’ appeared first on Search Engine Journal.

Would you bother even opening up a taxable brokerage account when saving up for a house downpayment? If you were 5-6 years from buying a house and had your 401k maxed to the match and Roth IRA maxed yearly would you even bother putting the rest in a taxable brokerage and trying to invest it? Is it a better decision to put it all in a HYSA and playing it safe? Would one even be able to afford a down payment off of 5 years of interest or is there…

A year of expenses tracked and graphed, annual check in For the second year in a row, I tracked all of my expenses. Here’s how things turned out: https://imgur.com/a/QoT76Pg Context: 25, L/MCOL area, live alone in suburbs This year, my priority was saving for a down payment on a home. I did a much better job than last year but still see some opportunities to do better. I cut down on travel and didn’t…

Start saving for a house down payment or pay off student loans I’ve been focused on paying off my student loans for the past year using the avalanche method but I’m planning on buying a house with my fiancé in the next 1.5-2 years and I’m not sure if I should keep prioritizing my student loans or start saving for a down payment. Current Salary: $175,000 (~$10,000 take home every month) • Federal Student Loa…

Boss is claiming my bonus will be deducted to use for a match My boss told me today that my bonus is going to be deducted next quarter and put into my 401k not as an employee contribution, but as the match contribution. So instead of the company giving me money, I’m having to use my own money for the match. I have never heard this before. Has anyone else? Any advice? submitted by /u/Confident_Alfalf…

I have to take RMD from Inherited IRA. What is best way, if any exist, to save on tax that will be due. submitted by /u/Musketeer_1058