Laid off and overwhelmed by $30k+ of debt I can’t pay. Trying to figure out my options. My financial situation is worst it’s ever been, and as a 35 y/o with a good amount of financial knowledge, I feel like a total failure. My debt is paralyzing me, my income is barely enough to make ends meet, unemployment is all dried up, but I do have options. I’m just so overwhelmed that I’m having trouble figuring out what the right next moves…

Got mail notifying me that the short term life insurance plan my grandpa gave me became whole life. Should I just cash out? For context: I’m not really on speaking terms with my family but they recently forwarded me some mail from a life insurance company I had never heard of. It stated that my Early Steps plan has transitioned into a Whole Life plan, and I would need to pay 55 dollars a month to continue using it. I called the company and apparently my grandfather s…

How to stay at 0% for Long Term Cap Gain bracket by end of 2025 I am selling $8000 worth of stocks in my taxable account that are all held for more than a year to fund my Roth IRA this year. I will also receive dividends in my taxable account and interests from a HYSA account and several T-Bills. For federal income tax, I will be near the top of the 12% bracket but can move further down the bracket if need b…

Received notice from debt collector on medical debt for about $1200 Long story short, I got injured last year and eventually had other medical issues as well as personal ones which included moving. I forgot to update my address. I picked up mail back in Sept and there was nothing noteworthy and then again last night I received a letter from a debt collector for 2 bills for about $1200. I called the medical pract…

Would love to share my Personal Budget Template. I’ve been a freelancer for a few years, and what started as a simple tool to track client payments has grown into a system where I manage all my financial data (and a fun way to learn Excel!). I’ve now taken it to a point where it’s worth sharing with others who might find it just as useful – and in the process, it might help me improve it furth…

9 Trends You Should Watch To Keep Your Website Afloat in 2025 This post was sponsored by Bluehost. The opinions expressed in this article are the sponsor’s own. Is my website ready for 2025’s tech and SEO changes? How can I keep my site fast, secure, and user-friendly? What makes a hosting provider future-proof? In 2025, the extent to which you adapt to emerging technologies, changing user expectations, an…

Annuitizing a 403(b) at TIAA I will retire in a few years and have a 403(b) from a previous university employer sitting at TIAA. Upon my retirement I want the 403(b) to generate a steady monthly payout for life that’s not subject to market volatility. It will be a major source of retirement income for me. A TIAA advisor told me that since “mutual funds cannot be annuitized”…

Should I Get a Mortgage or Not? I’m 27, not from the USA, and I have no debt. I make around 4000 a month, and my living expenses (excluding rent) are around 2000. I work at a financial institution, which gives me access to preferential mortgage rates—right now, I can get a fixed rate of 2.7%, while the normal market rate is 13%. House prices here are increasing by about 3-6% p…

Backdoor Roth Q While Moving Rollover IRA to 401k Provider Thanks in advance to this sub, as its amazing at helping everyone, including myself. I understand the Backdoor Roth (BDR) conversion process. For my personal case, it’s easy – I have all of my pre-tax money in a 401k (no other IRAs or Rollovers etc.). My question is for my wife’s situation, who has a Rollover IRA, and I just wanted a sanity che…

Florida Prepaid or 529 Hi guys, Newborn this month. I intend to use 35k across accounts. Options: Lump sum Florida prepaid 25k (not including dorm) Open 529 with 10k Lump sum Florida prepaid + 1 year dorm 32k Open 529 with 3k Open 529 with 35k and let it ride Thoughts? Thanks for the feedback submitted by /u/Advanced-Psy

Running out of savings Husband and I used to have about 20k in savings. Fast forward to two kids later, my husband being out of work and unpaid for several months after unexpected open heart surgery, our savings is pretty much at $0. We own a home with a good interest rate and our mortgage is $1400/month. One car payment (other two are paid off) that is $470/month. An…

Reprise Financial Loan I took out a loan with Reprise around 6 months ago. Incredibly stupid, I know. This is not on my credit reports on Credit Karma. The interest rate is like 35% so I haven’t made a dent in the loan over 6 months and am paying 250 dollars a month on it. What happens if I just stop paying it altogether?! If it’s not on my credit report now, can the…

Requesting Advice on How Best to Use My Disposable Income Hey Everyone I’m in a fortunate financial position where I’m earning a decent wage and able to still live with my parents. I have about £1,200 disposable each month. So far, I’ve been investing about 20% of that into stocks/shares, 20% into crypto, and the remaining 60% straight into an ISA. I’ll admit that this is not an educated plan – I simp…

Help me figure out what to pay off first. So I’m in my late 20s and have quite a bit of debt. I have 7k in student loans still at a very low interest rate. I have a consolidation loan of about 14k at 6.7% And I have a stupid credit card 12k owing at like 19% Initially what is in the consolidation loan was also part of my credit card but I had a pre approval to put 15k into the loan at a…

Laid off this week, on paid leave for 4 more business days. Anything I should do while I’m still technically employed? As the title says. Laid off on Tuesday morning, on paid leave until this coming Wednesday. Are there any things I should do while I’m still employed? (I’ve read through the wiki but didn’t see anything concerning this tiny gap between layoff and official unemployment). An example, and what made me think of the question, though not what I’m plann…

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OpenAI: Internal Experiment Caused Elevated Errors via @sejournal, @martinibuster OpenAI published a new write-up explaining how an internal experiment caused significant errors. The post OpenAI: Internal Experiment Caused Elevated Errors appeared first on Search Engine Journal.

I think my elderly mother is a money mule My 70 year old mother that I have had a strained relationship with for years is doing something illegal I believe. She has fallen prey to several romance scams and other financial scams over the years. She will absolutely not listen to anyone about this issue being a scam. She has lost thousands of dollars over the years. I know she has applied …

How to get out of this bad car loan? I put myself into a really bad situation and am trying to see what my best option is. I currently owe $23k of remaining payments on my car loan with a 15% interest rate. If I do the payments for the remainder of the loan I’ll end up paying $34k+. Carvana has offered me $19k for the car (Nissan 370z). So if I was to pay the $4k in negative equit…

Car advice/ financial advice I have a 2020 Corolla LE, almost at 100k miles. I got it used with a 3.9% interest rate. I still owe about $10k and am about halfway through paying it off. I’ve been looking into getting an older car, possibly a Honda S2000 or a 2016-2017 Honda Accord. I’m also considering upgrading to a new-gen GR86. There are other cars I’m interested in, like…