How do I save for retirement and invest my money. I’m saving through my employer (winco) and put back 10%, but beyond that I don’t know anything. I’m 20, been employed for about 5 months, I make about 1500~ a month (CA). It’s not a lot I know, I live with my ma and have about 150-250 a month left over after bills. I’m looking for another job, a second one, but this is what I’m stuck with for th…

First time financing a used car, any tips? So I don’t know anything about financing anything, my parents and family members have never gotten anything financed just have always bought stuff straight cash. Im thinking of getting this used 2023 Sport CVT Honda Civic its listed as $23,495 with 28k miles(is this a good car?) I just need a car to get me to college as my current older car isn…

Energy/Electricty Plans in the US – why are the shorter term plans cheaper? As I suspect many are, I’m shoppiing around for different Electricity plans (in RI, specifically). Our current rate is 16.287 center/kWh. While looking around, I’ve noticed that the shorter term plans have a much lower rate (e.g. Direct Eneergy’s plans: 11.29 center/kWh for 8 months, vs 14.69 cents/kWh for 26 months). I understand that the commo…

Google Doc Spreadsheet for Monthly Budgeting Anyone have any good Google Doc Spreadsheets for Monthly Budgeting? submitted by /u/Straight_Building_67

T.RowePrice transparency I’m a person with average intelligence who has a job people often associate with smarter people than myself. I say this so you believe me that I’ve truly tried to understand my finances on T.RowePrice (however the fuck they want to spell their odd name). I have lots of money in my account. TRowePrice avoids telling me exactly what kind of accou…

Don’t qualify for any sort of financial aid but am on my own. Any advice? Hi everybody. I’m sort of falling apart right now because I don’t know what to do. My dad doesn’t work, but my mom makes 140k/yr doing IT. For the past 17 years of my life, I’ve assumed that my mom would help me pay for college, especially since she’s been telling me I have to go to college if I want to succeed in life/she expects me to go to c…

Should I amended my tax return due forgetting a 1099 Question: should I even bother with amended my taxes? I recently filed my taxes and received a 1099-INT and 1099-DIV today after already filing. Int is $15 and div is $55. They are small amounts – should I even bother to amend my taxes just to add this small amounts. submitted by /u/itsasimulationman

$30,000 in savings with no direction. As the title states, I (24M) have about $30,000 saved. Sounds okay, but I’m stuck in a loop of working a dead end job for a year or two and then moving to a new dead end job. I live with my parents and probably could have more saved but went through a crazy gambling phase probably because I had no goals or ambitions. Lost about $25,000 and manag…

Help family pay off loan, early withdrawal? Hello all, I’m in an interesting situation. I make around 200K a year in New York City and I’ve been working for 6 months. Right now, I have 23K saved in my 401K, 20k in brokerage account and around 10K in cash. Im doing well personally and don’t have many expenses besides rent (2K/Mo). The issue is my parents are 40k in debt and interest on thi…

Not sure if I should rollover my 401(k) into a Roth IRA Preview your reddit post Clear 38729 Hi all, looking for advice on whether I should roll-over my current 401k into a Roth IRA and, if so, how exactly I do it. Current Assets: 35k in cash 147k in Roth IRA 31k in 403(b)at my current employer 90k in an old 401(k) from a former employer which I’m considering rolling to a roth IRA if this is an optio…

federal income tax and short term capital gain tax So if I made 3mil from day trading crypto with nearly 0 investment in the past 5 months. Do I have to pay both federal income tax and short term capital gain tax combine, 37% on federal and another 37% on short term capital on top? I don’t have any income before this submitted by /u/ParticularFeeling672

Lump Sum Pension or Monthly payment for Life at age 65? My dad (65) is retiring this year and needs advice on how to collect his pension: a $634K lump sum or $4K/month for life. He’s very healthy, and living to 100+ wouldn’t surprise me. His financial situation: Net worth: $3.6M – $2M in retirement accounts – $1M equity in primary home ($1.4M value) – $450K equity in rental condo ($1M value) – $170K …

How to allocate my 401k into new account? I am 31m and just changed jobs, so have a new 401k setup and am unsure as to the best allocation within it? Employer matches up to 3%. There are only 28 fund options and 10 of them are Target Retirement Funds. The other options are split between Vanguard Small, Mid, and Large cap Growth and Value Indexes. Some DFA funds, 4 international funds(VT…

Should I do cash out refinance on my home? So I got a letter in the mail today that I’m eligible to get 24k in cash or more but my new mortgage laon would be 179k with a 4.49-4.89% interest rate. I’m not sure if it would be wise to put the 24k back into the house (originally 155k loan with 6.75% interest with pmi). I have paid about 8k of the 155k loan currently. Is this a good choice or…

Hybrid Program and 529 Questions Hello! I am in a hybrid graudate program where the learning is mostly remote. I live in a different state than the program. I am enrolled full time. Would I be able to pay for housing using my 529 plan? submitted by /u/NefariousnessLow7731

Really bad debt for a broke college student Im 21 about to turn 22 and things aren’t looking good. I have about 20k in student loans I have to pay off and I’d say I have about 3 semesters left so it will end up being around 35k. I made some bad decisions with credit cards so I’m about 6,800$ in credit debt total, I have a very low paying job and it’s been really hard to get rid of this de…

Budget Struggle Single Mom I know this gets asked a lot, and I’ve searched the group, but here it goes. The basics: -I’m a 40-year-old single mom with a 4-year-old, living in Sweden (US-born) -I have ADHD. -I have a master’s degree and a decent job. -I have financial trauma. -I have no savings, no investments—just government/work-provided retirement. I feel like I’m drown…

Any free or cheap software for personal finances? I am looking for a good free or cheap budgeting software that I can use to really get a handle of what my husband and I are spending our money on. Hopefully something where I can upload bank/credit card statements etc. I want to really drill down different categories of purchases. Appreciate the recommendations! submitted by /u/Atimeforev…

Where can I adjust my budget to save for buying a house? Hello all. I’m 28F and I wanted to get some insight on where I can adjust my budget to save for buying a house (or if you think I could even afford it now). I currently live with my parents but would really like to get my own place soon. Salary – $120k Monthly expenses ~$2k (this includes $1k for rent to my parents) $72k in 401k (currently set t…

Paying Taxes after taking money out of investments I have about $100,000 in a vanguard account of which I put in out $85,000 I want to take out $70,000 to pay off some debt. Will I be taxed on any of the $70,000 I take out since it is not more than the $85,000 I put in initially? So if this is a dumb question. submitted by /u/golfguy_4653