Closing my first credit card, is it worth it? So I received my first cc in 2016 when the Delta Gold Card was remotely worth it. It’s totally not now especially with the $100 annual fee. Within the next year I want to buy a home but I’ve heard that it’s good to keep cards open like this to show your credit history length. I have other cards that I opened in 2018+ I think. Would it be in my …

Cost of Living and Financial Success: Tucson vs. San Diego – Where Would You Choose if you Were in my Shoes? Hi Reddit, I’m a 27-year-old design engineer working remotely, making $88k, and currently renting in Connecticut. I absolutely love the freedom and flexibility that comes with my remote role—it allows me to live anywhere and tailor my lifestyle to what matters most to me. That said, I’m unhappy with my latest raise and want to increase my earnin…

Not buying a home then paying cash until retirement strategy. So me(35) and my wife(31) have been playing with the idea of not buying a home until retirement. The thought process is we can invest significantly more (at least double) throughout our lifetime. Then when retirement comes just buy a house in cash so we can fix our housing expenses. We don’t plan on having kids we make about 125k combined and cu…

SSDI, Backpay, Brain Tumor: use backpay nest egg to pay debt, or save it? I have a brain tumor that has been resected twice and grew back both times. I was able to work for 10 years and get a good amount of work credits for SSDI before I eventually became so unreliable due to my tumor symptoms and brain damage from 4X surgeries that I could no longer work and will not be able to retain employment of any kind. I accrue…

Yearly 2025 budget diagram I see lots of sankeys, but i really like this one I made to track how my budget takes into account retirement matching, taxes, etc. Idk might be helpful for someone else looking to do something similar: https://imgur.com/LoNB695 VHCL in NYC, one bedroom just for myself, working in tech submitted by /u/NeonSeal

My (37) Parents came clean about financial disaster and I don’t know where to start I’m looking for directional advice on where to look to start tackling the financial disaster that my parents have created. If anyone has thoughts on avenues to help address this situation and considerations that I need to account for, that would be enormously helpful. I live in IL and my folks live in NJ History: If you don’t want additional con…

Is It Too Late for My Dad to Start Planning for Retirement? My dad is 59, and he’s never owned a home or really saved money. When I was younger, he had a messy divorce and had to pay a big chunk of his salary to my mom. After he regained his footing, he decided he didn’t want to worry about finances anymore and focused on enjoying life. He’d take us on vacations, pay for our school, and buy us things we …

Real Estate within the Context of Retirement Planning I wonder how the community factors real estate into their retirement calculations. I’m 35 and married. I don’t have much in retirement so I’m looking hard at my finances this year to see where we’re at, and where we want to be. I’m trying to do some calculations for my wife and me to see if we’re on track to retire (ever, let alone on time or e…

Insurance Company Increased My Coverage Limits Mid-Policy. I just got an email from my insurance company stating that they’ve changed their internal policy and no longer offer NY state minimum liability coverage (25/50/10). They’re now requiring higher limits: 100/300 for Bodily Injury, 50k for Property Damage, and additional Personal Injury Protection and Uninsured/Underinsured Motorist Coverage. Becau…

Low income ($23k net) but got a $60k bonus. What would you suggest I do? I (28yr old dude) work for a small business in Southern California, and also help the owners with their personal bookkeeping. I’m pretty much their all-around guy. Owners are married and own the S-Corp. One of their parents died, and they recieved a $360k non qualified annuity which they decided to pull out as a lump sum. Not wanting to pay high…

Inspira asking me to share my SSN through an email Hi, Has anyone had experience opening a HSA account with Inspira? They sent me a mail asking me to share my W2 or paystub or social security card through an email. I feel weird sharing sensitive documents through an email. Is this legit? submitted by /u/Audience_1234

Roth 401k Contributions – should I match the employer match or go above/down? 32m, annual – $59,500, hoping to get a second opinion and some potential clarity – My employer 401k is through Merrill Lynch; verbiage regarding employer contributions is: “contributes an annual discretionary contribution to both your 401(k) and ESOP accounts. Historically, these contributions have equaled 5% of employees’ annual salaries — a 1%…

Is moving out at 36+ and spending $42K per year on rent and living expenses “burning money” The context is near Bay Area, California. 1. Is moving out at 36+ and spending $42K per year on rent and living expenses truly “burning money,” as my parents suggest? I lived with my parents for over 10 years after university and contributed significantly to household expenses: half the mortgage ($3xxK), property taxes ($10K/year), home improvem…

Rental company changed 3x rent from gross income to net income, AFTER we applied. My husband and i have been searching for a house in our budget and we found one, viewed it, and applied. On the application, it CLEARLY STATES that the income requirement is based off of GROSS INCOME. We prepared our budget for this as it is typically standard, and after seeing it clearly stated on the application we moved forward with the proce…

What should my dad do with Social Security checks? He’s 66 and waited all the way to the max so his monthly social security checks are 1912. He’s going to continue working as a bus driver for the next 5 years & doing so will increase the monthly amount to 2400 after 5 years. He takes care of himself, but his movement and weight do restrict his ability to do stuff. He wants to make sure he can ta…

Do you use your HSA/FSA for all your medical expenses, or do you try to save it? I’ve been using my HSA for virtually all my medical expenses, even when they’re small bills like less than $100. I could comfortably pay them without having to use my HSA. Should I start paying cash for these so I have more money in my HSA for future medical expenses that could be more of a financial burden? Also, I thought I could always save …

Beginnger investing I am 20 years olds, make $17.65 an hour, I recently started to invest inside Robin hood, I wanted advice on what to invest and how much to invest gradually over time for it to grow. Also any recommendations for HYSA and even Roth IRAs, Im looking to be able to be debt free and retire early. Currently studying Information Technology when I can. I…

Financial Advisor invested my money in ERX and UBOT — 2x leveraged ETFs. Is this bad? Hi, I’m starting to have concern over my financial advisor investing all of the money in my Roth IRA (granted, not much, I am only starting out) in Vanguard ERX and UBOT, which look to have high betas (?) and just, on the surface, appear volatile. Should I feel concerned about his decision? submitted by /u/Abject-Ad8463

Where to move home savings My wife and I have managed to save about $60k utilizing a state subsidized “homebuyers preferred” savings account that was paying out 10% APY monthly dividends. We got a letter in the mail from the credit union explaining due to interest rate cuts, the program would be cancelled. They offered to migrate out funds to a 3 year, 7% CD with no early…

Not sure how aggressive to be in savings Hi All, Wondering how to go about my situation. TL;DR at the bottom. Me (33M, NJ): Net Worth: ~$100k, no debt. Considering homeownership after parents pass. Exploring early retirement (50-55). Income: $102k+ ($112-$122k with business). Retirement: $26k in 403(b), contributing 4% (auto-increasing to 15%, plan to accelerate to 6% which is the max …