should i move my money from GIC 5% to anywhere else? Where to put 100K USD now? – i have been keeping it at GIC ~5% for past 2 years. As title says, i have 100K USD sitting in a fix rate account with 5% /anum. I have maxed out tfsa already and rrsp accounts already. (i live in Canada) Should i keep it at the GIC knowing its getting lower return as infl. goes down. should i buy SCHX or lets say XL…

I feel that a financial advisor is best, but how do I decide? I don’t make a ton of money, but recently started making more and get paid weekly. I want my spouse to step down from his roll in the next year but need to make sure we have every penny planned and accounted for. Is a financial advisor the best way to go about this? Are there free ones or only paid? How do I decide what determines a good financ…

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Need Help – Gambling Addiction/Financial Reset Good Evening – looking for some life advice & help with my finances. Long story short, I am 33 years old. Have a had a severe gambling addiction that started since I was in high-school. I work in finance in NYC and make pretty decent money. I’ve basically pissed away over a million dollars gambling since ive started working and have no money sav…

Funded 529 and daughter just inherited a trust fund I’ve funded my daughter’s 529 plan, likely overfunded for where she will go to college. So was comfortable coming into her last half of senior year. Then, very quickly over the course of just a few months I lost a cousin to cancer. She was never married and had just retired from her job of 30+ years. Unbelievably kind person who saw my daughter…

Am I being screwed over with my friends financial situation??? I’ll try to keep this concise. I’m helping my best friend out, well, I’ve been helping her and her family for years. She’s married and has two toddlers. And I just can’t wrap my head around why they are struggling as bad as they are given the circumstances so I need help making it make sense. Also we are located in the Midwest where cost if livi…

Mom has a Merrill Lynch Account she has not touched in 20 years My mom made some investments in 2002 with Merrill Lynch and she moved out of the US to Japan . We were going through some of her old stuff and we saw the documents for the Merrill Lynch account . I’m Back in the US ( I live and work here) and I’m wondering if there’s a way to retrieve her account . She had $6000 in it across AM CNT 20TH CNTY I…

Where should I be putting extra income? Currently have 2k fixed cost with 3.8-4K net income. 6K emergency fund in a HYSA, 22K 7.5% interest car loan (370 payment 78 month term-awful I know), deferred student loan balance of 14K at ~7%, measly retirement of 1.3k at 30YO (more in Roth than 401k because I’ll be leaving this company I’m at soon and won’t receive the match due to the terms…

Parents wrote me a check for $45,000. Tax implications? My parents recently came into a lot of money and want to gift me $45,000. I honestly feel weird about the about the whole thing, but they have insisted. My dad just wrote me a check for it today, but can I really just take that to the bank? Are their tax implications I should be aware of? If anyone could point me to anything I should think about…

do i prioritize the now or the later? I’m 39, and relatively financially literate. I was raised with very little (in a trailer with a towel as my bedroom door), and have built a pretty decent life for myself – to the tune of about $600k in net worth while supporting a family of 7. In general, we live below our means, but still ensure a high quality of life with things like 2-3 trips…

Charge back dispute for a preorder 10 months ago? I put a $2500 deposit down on some travel arrangements in January 2025 back in March of this year. I know typically the max dispute time is 60 days, sometimes 180. The company just announced they are going out of business through bankruptcy and will not be able to fulfill their services. They will likely not be able to provide refunds according…

Help critique budget – first job out of grad school Hi all, Looking for critique on my estimated budget for 2025. This is my first job out of grad school and first time paying real taxes, contributing to HSA/401k etc. Also could use help verifying my estimating taxes (I used ChatGPT). I live in a VHCOL area with a roommate. https://imgur.com/a/ZgVjv4E submitted by /u/Particular_Passage19 …

Eighty Year Old Soon to be Homeless Man with $1,000/mo Fixed Income I am asking for advice on behalf af an 80+ year old man at my church. He receives $1,000/mo from Social Security and struggles to put $300/mo towards housing. He does not have a car or any significant assets. The place he had been staying is getting a plumbing overhaul, so he needs to find another option for up to two or three months or face bec…

Mortgage question when having cash versus investing Learker here, first time posting. My wife and I have enough cash on hand to pay our current mortgage off, 3.0% 30 year fixed, ~198k left. We can currently afford the payment. I am debating paying it off this upcoming year or letting the cash earn interest and “covering” the p/i portions. I am unsure about managing the county taxes and insurance …

Best ways to invest My husband (51) and I (48) are finally empty nesters. We just sold our home and plan to move to a more affordable area and buy a modest home there. We plan to put about 50% down on our new mortgage so we have lower payments and a 10 year mortgage so it’s paid off sooner. We will also have about 100k left to invest and are looking for ideas that …

(CAN) Not sure if it’s better to pay off my car entirely or make a sizable dent in my CC debt Hello, I’m hoping the financially smarter people here can help me. I currently owe ~$5,500 on my car. I currently pay ~$210 a month in payments (so ~26 months remaining) with $235 for insurance. My insurance is at a higher coverage rate as a provision of my loan agreement, so I could potentially save some money by reducing my coverage after payi…

Financial goals… don’t know where to go from here Hello! I’m a 27M living in a dual income household with one dependent (3mo old). I graduated physical therapy school this year. My wife and I gross $120k & our saving & investing life pretty much just started. We don’t have any credit card debt. We make about 8k per month, rent is $1750 with utilities, two car payments ($682) and other payments …

Average Canadian retirements a month, annually when you have no savings My dad worked 40+ years at a full time job at a small business working 40 hrs weekly. He is in his late 60s and get the gis guaranteed income supplement. His annual total is around $25,000. It breaks down to around $2000 every month. Mom never worked. So they together live off the $25,000 yearly. Talk about shocking, how can someone who worked t…

Assisted Living company offers a pay option through a third party company called Finicity who is requesting my bank login info. How can this be safe to do? My elderly mother’s assisted living facility is in Texas. I have had major over-billing issues with them since she moved in 8 months ago that still aren’t corrected. I have evidence of all payments being made on time through copies of my cleared bank checks. Now the corporation that owns the facility is offering a pay option through a third-part…

Is it worth putting down 20% for an FHA loan? Hi all, my husband is a physician. We found our dream home in the Bay Area for 1 million. Because of student loan debt during med school his credit score wasn’t ideal so for a conventional loan we’re getting a real high interest rate of around 8.1. Ideally we would have gone for this but because of credit have to go for the FHA. For an FHA loan …