Transferring from traditional IRA to Roth IRA So I asked about this as some point and I was told that if i transfer my money in my traditional IRA to a new Roth IRA that it’ll be taxed. But I just read online that if you transfer the money into a new Roth IRA within 60 days of receiving the check then there are no taxes or penalties. Has anyone done this? This is my first retirement accoun…

Advice? I am clueless I’m 24 and have worked hard to save $10,000 that I could live without now, and I’m not sure what to do with it. I’ve haven’t even got a credit card so I know that’s something I should get as I look into being smart about my money. All I know how to do is save, the whole thing just makes me anxious as hell and it’s way past time I figure it out. …

Losing employer provided retirement. Lost 35yo. I have not paid any attention to retirement until now. I currently have multiple accounts at multiple companies (voya and tiaa) totaling something like $80k. New job does not have benefits through employer. Total noob but I gather I want to bundle this amount into an IRA. I’ve read a little online but is there someone I can go to to ask all my q…

Solo 401k calculation when having a w-2 also it’s almost end of the year and I’ve always done my taxes myself, but this time I found myself in a unique situation Got a 401K from work that I contributed $6000 into and a solo 401k that I contributed $17000 to max out the 23k for the employee Now my SE income was 40k. When calculating the employer side of the contribution, does that starts wi…

Advice for a 22yr old Hello all! I’m currently a 100% disabled veteran and looking for advice. I’m 22, living with my parents, only bills are a 0% APR car payment and insurance, I’m thinking about putting 300$ a week from the disability compensation payments (which is tax free) into a taxable brokerage (cant do IRA because i don’t work, currently in school) and inves…

Post tax HSA contributions I’m new to HSAs. I just started one in October and have $200 a month being put in pre-tax. When it reaches $1000 I can start earning with it. Well, I came into a bit of money over Christmas and I’m wondering if it would be advantageous to put some of the money into my HSA. The detail I’m really wondering about is will this reduce my income tax l…

Rollover Old 401Ks into IRAs as a High Earner? Looking to possibly roll over my 3 old 401ks but I want to make sure I’m not missing something. I currently have a traditional and 2 Roth 401Ks from previous employers that are charging me fees that I don’t think are necessary. I will make $250k in 2025 and have a HHI of close to $500k so I don’t know if this will affect things? I’ve already …

Getting out of debt – how to be sure I won’t fall into the same old spending habits? This month, I realized how deep I got myself into debt, and recognized I have a pattern of behavior that I’m afraid I could continue. In 2022 I found myself in $4k of CC debt (started with medical bills I was dumb enough to put on a card, then Christmas gifts, then spiraled from there), so I completed a 0% balance transfer which only covered ab…

Started my first full time job, should I max out my HSA or 401k? I have started my first full time job working in Healthcare. I am currently filling out my benefits, would it be wise of me to max out my HSA? I am full time and get paid $19.00 an hour. My only major bills are my car (gas, car payment and insurance is approx $500 monthly) and groceries. Would it be reasonable for someone making that amount wit…

Do I have to much invested? Hello, I’m 21 yo and have market value of $30,000 Invested. 17k in my Roth IRA and 13k in my induvial account I have an 6 month emergency fund in a money market account but now building back up my savings have 1k in that. my question is if this is okay and is there any suggestions? any advice would help, I currently live with my mother and grand…

Lose a 2.99 Interest Rate or Rent it out? Hello, Community of People-who-are-smarter-than-me. Can I get your two cents? Put simply, I’m trying to decide if I should sell a house that I no longer can live in and sacrifice my potentially once-in-a-lifetime interest rate or continue to rent it out. Details are below: Purchased House: 2021 Original Home Price: $648k Left to Pay on Mortgage:…

Been following this community for a while hoping I would gain personal finance skills solely by osmosis and not actual effort. That hasn’t worked, here is my debt breakdown. Debt $9k credit card debt (20-25% APR). 3k doesn’t collect interest until April. $16k personal loan debt from trying to consolidate credit card debt between my personal cards and cards I used for my small business. 30% interest rate. Right now I’m paying $450 a month on this. $19k in federal student loans $10k in Sallie Mae student loans 14% i…

I received an inheritance of $20k and I don’t know what to do with it Title really says it all, I do have about $7-8k in debt which I will obviously pay off, my grandmother was a music teacher and I have been a musician my whole life so I’ll probably spend a little bit on that, like a new computer for recording since mine is over a decade old(I have done recording as a full time job for a few years before I wanted…

How much money to realistically move out in the US? I am 20 and have $6,000 saved. My home life is extremely toxic and taking a huge toll on me mentally. I’m not having a good time at all. Right in time for the holidays, lucky me. I work food service making $18 an hour. I would be able to live with my best friend temporarily, but then looking to get an apartment. Is it realistic to leave my home…

Is 40-45% of my takehome pay too much to spend for a mortgage? I currently have been living with my parents since finishing college and have been saving up to move out to a condo or townhouse. I make $80,000 a year, and have about 90K saved up for a down payment, closing costs, and potentially a rate buy down. It looks like I can get a decent 2bd 2ba for around 300K-340K, but most HOAs are looking to be aro…

Receiving 18K from grandmother as a Christmas gift thinking I should pay off my car. Have 5.5K left with a 4% interest. My grandmother is gifting me 18K and I was thinking just to pay off my car and get it over with and then put the rest of the money in a HYSA account? submitted by /u/according_animal369

College Life and Housing Hi all, So currently, I commute to Drexel University from South Jersey, and I find it very difficult during rush hour (the commute during this time is about 1 hour). My total cost of attendance this year is 16k, and i have 5k in federal loans, the rest is private at a 10% interest rate. I plan on paying off my unsubsidized/private loans next fal…

Why Making A Good YouTube Video Is Hard (For Businesses) via @sejournal, @BennyJamminS Discover the secrets of creating compelling YouTube videos for your business. Learn how to attract audiences when producing your own videos and foster creativity. The post Why Making A Good YouTube Video Is Hard (For Businesses) appeared first on Search Engine Journal.

Revolutionizing Marketing: The Rise Of Situational Content Strategies via @sejournal, @Juxtacognition Adapt your content strategy to the complexities of modern decision-making. Explore situational content strategies and connect with audiences in the right moment. The post Revolutionizing Marketing: The Rise Of Situational Content Strategies appeared first on Search Engine Journal.

How/where to invest 70k – total beginner? I have about 70k doing nothing that I want to invest, but I’m a total beginner and don’t know much about investing. No debt. Want something relatively stable/low risk. I have a friend who’s investing in MSTR stocks/other crypto right now, but not sure if the volatility is something I want to tread into. I’m thinking something in line with the SP…