What To Do With Bonus? I’m feeling bored with my current investment portfolio so I’m wondering if there is something else I can do with my bonus. I max 401k, Roths, and HSA annually. Any extra goes into a taxable brokerage account. After 10 years of filling my retirement account with every dollar I find, I really want to see if there’s anything else out there. 30 yea…

Should I prioritize my Roth IRA above all else? Do yall prioritize the $7k/year for Roth IRA contribution first? My “savings” sit in a cash account with 4.25% interest. Should I put $7k in my Roth immediately at the beginning of each year? submitted by /u/Unable_Elephant610

Just learned a hard lesson about investing. 30k completely inaccesible for years. So today I learned the hard way something I should have researched more. On February 3rd I was looking for tax free income. So I put 30,000 into MUI Black Municipal fund. Little did I know as Fidelity had no notice the fund was going private on February 14th and turning into an Interval fund on March 21st. Fidelity said they were never told by t…

I’m 38 with nothing in retirement, I just opened an IRA how do I invest? Hi y’all like the title says, I am new and very late to the retirement game. I am paying off debt like crazy right now (25K in the last year and a half) and I have started an emergency fund, opened a high interest savings account and opened an IRA with Fidelity. I’m working three jobs at the moment and preparing to switch careers to earn more mo…

FreeTaxUSA Fixed their (slight) Backdoor Roth issue for 2024 It used to be that if one spouse had a 401k at work and your MAGI was too high, FreeTaxUSA would mark their IRA contribution as non-deductible (correctly) but would fail to allow you to override the other spouse’s IRA contribution to be non-deductible. This wasn’t a huge issue, as the math works out the same, except that it’s not technically cor…

What to invest in as a 31yr with a brand new Roth account? I’ve been trying to better myself after neglecting my youth in isolation & I’ll distractions. I come from an immigrant family that is highly uneducated in financial literacy so I never got taught or set up with the right tools or mindset – Saving, investing, stocks, IRA, etc. I recently opened up my first Roth with fidelity last week but after s…

Company not offering 401k 22m, I am 6 months into working full-time after graduating last spring. I have an SDR role at a small-tech startup. I am not offered a 401k from my employer. What is the best way to invest the money that I would have invested directly from my paycheck if I had the option to with a company 401k? I just opened a Roth IRA with Fidelity, and will st…

How exactly do FZROX and FZILX work? I know how ETFs work, but don’t understand how mutual funds like FZROX and FZILX work. The price per share as of now for FZROX is $21.23 and for FZILX is $12.17 per share? Why are the price per share so low for these compared to VTI and VXUS? How does selling and buying shares of funds like FZROX and FZILX work is it same as ETFs? submitte…

Am I dumb to move out at 18? Hi everyone, I’ll try to keep it brief and I apologize if this isn’t the best place to post this. I’m 18 with a great family and great home. I’m a full time student but also have a pretty decent paying job (great savings/investments building up) with a lot of upward mobility. I’d also probably be able to work remotely 6-8 months from now with th…

Reconciling/maxing out HSA that has not been put to good use Seeking advice on how to maximize HSA after not making good use of it for a couple years. Started work Jan 2022 and had HSA since I started working. I have never contributed a single dollar to it yet. Please don’t ask why or criticize – the past few years have been rough for me and I didn’t do the research I should have. Just seeking advice on w…

Tax preparer overcharging? $4000 so far for 2024 without even sending most docs yet My boss recommended that I use the tax guy he uses, who also does taxes for the company. I’m now a 1099 and do quarterly payments. My wife is a W-2, plus a 1099 side gig. I have a few stocks, and we own a house (paying mortgage), which I didn’t think was super complicated. When we signed an agreement we were under the impression that taxes would…

I’m looking to refinance my car loan, wondering how long I should wait? For some backstory, my car broke down late December last year so I had to get a new car asap. I did not have a FICO score at the time (new credit) so I got saddled using westlake. The car was $8900, 2015 Mazda. I put 4,000 down and my apr is 28.99. Super high I know, but it was the only bank willing to finance with me. I have the registration in…

Do i pay off my debt or save?? For background context i’m 19 years old from Missouri. I have $15500 in savings after just under 2 years of working as a 911 operator, I still live with my parents so i only have my own personal expenses and my truck payment. I have a 2014 Chevy Silverado that i currently owe $11,411 on. I also am wanting to move out sometime this year, Preferab…

What can I do now to reach my goals at retirement? I’m a new government employee working in law enforcement. I currently have 20k in student loan debt, a vehicle that will be paid off within the next year and married with young children. My goal is to be able to retire debt free, buy or build my dream home and be able to travel. What steps can I take now as far as savings, investments and best o…

What is the best use for extra income from gigs other than saving it ? I’ve made a few thousand from gigs every year, let’s say 5K-6K USD, other than just saving it, what other options do I have that can put me in a slightly better financial situation. It’s not really a lot to invest and my previous business ventures have always failed. What can I do with the extra income other than paying bills and saving it ? …

Should I keep looking for a job or find a cheaper place to stay? So I lost my last job and I’m struggling to afford my apartment. I’m looking for work and a lot of the jobs I’m looking at will only pay about $2600/month and the apartment is 2100 a month. I live in the northeast so the rent is absolutely ridiculous. I feel absolutely strangled. I used to live at home with my mom but she died and my brother wan…

1099 Trucker tax question I’ve been an owner operator since 2018 and soon my truck will be paid off. My question is since my truck lost all its depreciation, can i switch to mileage and claim that on taxes instead of the low truck payments i have left? submitted by /u/ambushiz

Xi’s rehabilitation of Jack Ma may be the most lucrative ever Why China’s leader is making nice with the country’s tech billionaires

How did Shein get my bank details? I was on my online banking app and seen there wad a charge to Shein. Then 4 days later Shein had refunded the money back into my account. I’ve never used Shein before. I asked my wife if she had used my bank card or bought something from my phone (google has my card details) but she as confirmed that she hadn’t purchased anything. submitted …

$70K Tax Capital Loss Hi everyone – I have accumulated ~$70K worth of capital losses through a tax managed account and from the market drawdown in 2022. My question to you is how do you recommend I use my tax losses? What I have done for last two tax years is use the $3K deduction towards my income but wonder if I should be putting the rest of the loss to use by sell…