Money dilemma regarding car repair I’m scared. I am a caregiver for my 33 year old son, who is on SSI. I found out I can drive 120 miles round trip to donate plasma for extra money, but my car is a 2006 Altima and needs a little work. Also our homeowners insurance is going to go up in April. We’re barely making it now. His father is rich man but he doesn’t care about us. I take…

To save enough to retire at 65 I won’t be able to buy my first house until I’m so old that I wonder if it’s worth buying at all I am in my early 40s and am way, way behind in saving for retirement. I’ve calculated that to live the lifestyle I want in retirement (spending about $10K/month), to be able to retire at 65 I need to save the $23K annual max in my 401(k) plus about $4,500/month. This would leave me with only about $10,000 for regular savings at the end of each y…

What is the best way to get a second vehicle? I’m thinking about getting a second car but I know how expensive they are. Is there any advice for best practices when getting a second vehicle? The reasons for getting another are work because my wife already commutes and makes good money and where we live doesn’t have great public transportation or opportunities and I’m thinking about looking …

Rebuilding Finances after Addiction Hi folks! Like the title says, I am in recovery and doing better than I ever have after 10+ years struggling to get clean. I’ve done a number on our finances multiple times, but the m I’ve had several major treatment breakthroughs and finally just know in my bones, in my heart and soul, im ready to be done. The previous few times I always still…

feel behind and not making enough money for my age I’m 20(M) currently making $35k a year and feel like i’m behind because of mistakes I made. I got into $10k cc debt going on trips and buying pointless things. I pay $2k in bills not including my cc payment. I’m back in school trying to learn a skill but feel like 4 years is long to make more money with that degree while paying off that debt. Sh…

Moving out of the country in May… what to do with IRA and 401(k)s? I’m planning on moving to the Czech Republic in May. I had to quit my job a couple of weeks ago for mental health reasons and I’m basically planning on floating until the move (I have the savings to do so, luckily). I have a decent chunk of money saved up in my 401(k) from a previous gig, a much smaller 401(k) from the one I had to quit this mon…

Rolling over negative equity into something much older. I recently bought a 22 Mazda 3 Hatch for about 22k. Only had around 9k miles on it. But after having it for a few months, I’m realizing that I kinda just want something significantly cheaper. Something older to get me from point A to B. Add in some Apple car play, and that’s all I need. I’m upside down around 4K. I understand that this isn’t the…

Is the fee for someone managing your money worth it? Hi, I’m in my early 30s married with 2 kids. I make good money but do not feel like I’m saving that much. I’ve been trying to figure out how to invest so I can pay for a kitchen remodel later on as well as retire early. I had someone from one of the big banks reach out to me and they mentioned they could help me invest and as our investments gro…

MBDR w/ Employer Match Vesting Schedule My wife’s new job has a 410k with a generous match, but it will vest over 4 years (25%/yr, starting after her 1st year). We want to max out the MBDR for the year, but we aren’t sure how to account for the match. It seems unvested contributions are being added, but since they don’t vest until next year, am I right to assume that they don’t count …

Cancel whole life insurance? Appreciate your time everyone. My wife and I have been planning our retirement, and we’re well ahead of where we need to be so we’re set financially regardless of what the decision is here. The only thing remaining that I am unsure of is if I should cancel my whole life insurance. My parents signed me up for whole life insurance back when I wa…

Parents have life savings tied in 2 houses, no retirement My parents are in their late 50s, divorced but still live together, and were frugal all their life, but have little to no understanding of the stock market, 401ks, IRAs, and how to retire on those accounts. They have enough for bills and an emergency fund. A few years ago, they bought a 2nd house intending to move there but it didn’t worked out…

Would it be a bad idea for me to do a 0% interest loan for an expensive item if I have the cash in hand to pay it off? I’m looking at buying an expensive treadmill and while I have the cash to buy it outright, I was thinking I could potentially do the 0% interest loan option they have on Amazon. Would this be a bad idea? I’m seeing it as a credit building opportunity. I’m not worried about nonpayment because the funds are more than available to pay for it s…

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Tax impact for sale of primary residence/rental I’m currently being told that I have to pay taxes on a portion gains for a home sale and I don’t think it’s right. Closed on home 6/3/2019 Lived there as primary residence from 6/3/2019 – 8/31/2021 Rented property from 8/31/2021 – 1/31/2024 Reported rental income and offsetting depreciation during the rental period Sold on 3/26/2024 My under…

Paying taxes on stocks I work for a publicly traded company that is being sold to private equity and delisted from the stock exchange. I have shares I purchased and some were given as RSUs. When the sale closes all will be fully vested and turned into cash (I don’t know if I’m saying that right) but they said even if the RSUs weren’t going to vest until a later date t…

Advice on Managing Student Loan Debt and Trying Not to Waste My 20s Hi everyone, Sorry this is going to be a long one. I’m 26 and graduated with my BA last year. I have $75,000 dollars in student loan debt and $2,000 in credit card debt. The student debt is split between 9 loans with interest rates varying from 4.99% – 7.6%. I currently make $33,000 a year, but will be receiving an education award of $6,800 fr…

What to do when RSU’s Vest Hello, I work at a tech company and wanted some insight/advice on what to do with my RSU’s when they vest. The first two are relatively small compared to the later vesting stocks. The first and second vest would be about make up about 40% of my portfolio so a lot of weight into one stock. And the later vesting would be well over what I currentl…

Taxes… I’m confused I’m gonna preface this by saying this is my third time filing my taxes. I’m young and don’t have a lot of experience. So I got my W-2’s and a 1095-C from my employers this year. I imported them through TurboTax, double checked it all, and continued filing. To the best of my knowledge, there’s nothing wrong and I’ve filed correctly. The last two …

We own a home in Florida, what would you do? Hi everyone, This community has been an incredible resource over the years, so I’d really appreciate your input on our current situation. My family and I own a charming 1950s home in a popular beach/tourism/retirement area on the Gulf Coast of Florida. Due to work obligations, however, we’ve been living in NYC for the foreseeable future. At this…

Parents don’t have a retirement fund – How can I plan to help? I’m looking for advice on how to help my parents as they near retirement. They immigrated to the U.S. to give my siblings and I a better life, sacrificing their careers, stability, and everything they had back home. My dad (60) is the sole provider for our family, and I don’t think he has much saved for retirement. My mom (58) doesn’t work, and …