Is this a reasonable plan? I am 32 and have up until this year been surviving off $30-35k/year. I have no savings and a moderate amount of debt (mostly student loans). However, I just graduated nursing school a few months ago and am now suddenly earning $97k. On top of that, I am about to receive a legal settlement where I will end up with about $650k. Basically, I am sud…

Advice on using margin to bring down the mortgage The current mortgage balance of my primary residence is $1.5M at a 5.75% adjustable interest rate with 9 more years left before the adjustment kicks in. The home was purchased less than a year ago for $2.2M, so I have paid off a little over $700k over a year and am planning on continuing to aggressively paying it off to bring the mortgage down t…

I got fired and don’t know if I have enough I got fired from Wendy’s two weeks ago and was putting in applications for jobs before then. I haven’t received a single call. I have about $8k saved up and spend about $350 a month. I attend a trade school for engineering but don’t graduate till May. I graduated high-school this summer and am not sure where I go from here. I’m going to be kicke…

I’m an idiot an never finalized my 2021 taxes. How screwed am I? I’m owed a refund, but everytime I tried to submit them, I got an error saying my (now, but were separated at the time) wife claimed the kids on hers, so they kept denying mine. She didn’t work, so I don’t know how she would have filed taxes (stimulus checks maybe?) I ended up removing our kids from mine but never finalized and filed them. I fe…

Age 23, recently inherited some money Hello, I’m a 23 year old who recently inherited roughly $13,000. I’m looking for advice as to what I should do with it. Here is a little about my current situation, I graduated college last week with a degree in Mechanical Engineering Technology. I have a job lined up to start at the end of February where my income will be $68,500. I have $5500 …

My step-mother passed away and we have the money but not the credit for our mortgage. My step mother was our breadwinner. Her and my mother are both on the deed, however my mother has bad credit and no income. Also however, I make enough to cover the mortgage as-well as if we get 25k from life insurance, that would cover it for 2 or so years. So money isn’t necessarily the full issue. I’ve read that when a spouse dies the other o…

should i put 550 into an S&P now, or can i spread it out i have $500 into FXAIX, and am getting a check of $400 soon, and with my checking i’ll have 600 total. i was gonna like put $100 every two weeks, but i was thinking of just dumping like almost all of it into FXAIX instead. does it matter ? would it be better to make my total 1000 now? would it just be the same? submitted by /u/Obligatio…

Received personal loan of 55K from family to pay off all CC debt; seeking advice Hi everyone, I’m 35, live in New York, and have ADHD. Last August (2023), I was laid off when a catastrophic event destroyed the business where I’d worked for seven years as a design studio manager. I was making $30/hour (definitely not enough given the responsibilities: managing hundreds of customer projects, phones, emails, installations, etc….

20K in hospital bills because of emergency surgery – I wan uninsured at the time. Can I get major advice? Hello, I had an emergency throat surgery 3 months ago. I had recently graduated and hadn’t found a job. I am also an international student in the US so I don’t have much family around to help me. I had 10 days of not being health insured. During that time, I had to get the surgery. I now owe the hospital 17k, in addition to which is a separate a…

is it worth putting money into a Roth IRA if I am trying to move out of America in the future? hello, I am a 20 year old college student. i would like to start a Roth IRA but eventually, I would like to move out of America to Europe or the UK. I do not have a rock solid plan for moving yet but I know I am wasting time not putting money into a roth. I don’t know if the money just goes away if I move countries or if I become a citizen of an…

I’m 23 with £10,000 saved. What advice would you give me? I’m not really sure what to do with the money. It’s just sitting in my account building up. I got it from saving up from a job that doesn’t pay too well. submitted by /u/FaithlessnessThat970

Retirement planning path Hello, I’m in the US and in my mid 30s and looking to start taking retirement planning seriously. I have put some in a 401ks through various employers but it’s all spread out. My bank offers financial planning / retirement planning, but they charge 1% fee and use LPL Financial which seems like it has bad reviews. Am I better to put my trust into…

Confused by MAGI and retirement investing after 401k I make 120k per year before overtime/bonus and my wife makes 135k per year. We both max out our employer sponsored 401k accounts every year, we have existing Roth IRA accounts but we stopped contributing to them a couple of years ago when our total income neared the IRS Roth IRA income limits. I don’t fully understand the MAGI calculation and I …

“Empower” app replacement for account and transaction tracking? I’ve been using “Empower” since it was “Personal Capital” to track my transactions and account statuses. At this point in my journey, Quicken isn’t the right tool and doesn’t seem to have mobile support, which is where I do my daily reviews. I’ve got a couple of cards, a brokerage account, 401(k), HSA, etc.(nothing exotic) and I just like to wat…

I have a mutual fund my aunt set up for me when I was very young. I have debt and don’t own a house, what if anything should I do with it? My aunt and some other family members contributed to a mutual fund through fidelity for me when I was very young. I don’t know how much they put into it initially but I’m now 29 amd there’s about 20k in it right now. I don’t contribute or take money out of it at the moment. My wife contributes to a 401k, I contribute to a 457b (im a part time ff…

My wife and I inherited money We inherited $100k. We have spent ~$27k paying off student loans and individual loans, credit cards, and replacing some parts of our house that were falling apart. So that leaves us with ~$73k, what can we do with the rest of the money? I have roughly $33k left on my truck loan, but I didn’t know if I should pay it off completely or pay a lump …

Multiple 401k’s and I am starting a job that does not match 401k cont. Between my wife and I we have three 401k accounts. Only one is being actively contributed to with an employer match. All funds in the accounts are invested. My new job will not have a matching 401k policy and I am unsure what to do with all the accounts we have. Should I consolidate, and if so is there a timing aspect I should consider? If I do …

Stock moved from foreign to US brokerage: short-term or long-term? Hello — I recently was able to transfer a number of shares in a company from a UK brokerage to a US one, where I now live. If I were to sell it now, would the gains be long or short term? I have owned it for quite a while but only a few weeks in the US, and the Schwab account itself describes it as short term. Thanks! submitted by /u/dra…

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I had a 4k unforeseen expense come up. Is a personal loan a really bad idea? Hi everyone! I’m a long time lurker, first time poster. I (23F) had a shocking 4k bill come through to me today that I simply do not have the upfront cash to pay out. I’ve tried to keep ALL of my debt at a minimum and only have student loan debt at the moment. Everything I’ve heard about personal loans is that they’re bad and you should never…