It already makes sense for me to itemize. Should I deduct medical expenses now, or keep them for HSA access? Edit: whoops, solved. “you can only deduct medical expenses over 7.5% of your adjusted gross income” Hey all, I had a handful of medical expenses in 2024. I was planning on saving the (digital) receipts and reimbursing myself from my HSA later, but I live in CA and CA taxes HSAs and it would be a hassle tax-wise to keep track of that. So my HSA …

401K Match 100% No Limit My company has a 100% 401K Match and no limit. Meaning if I invest $23,500 (2025 IRS max), then they will match 23,500 for a total of $47K. All matching contributions are 100% vested as I have been with the company longer than 6 months. I am contributing 10% to my 401K or about 16,000 annually. I also have 13,000 in credit card debt that charges…

Should I sell a big chunk of my stocks to pay off my car? Hey everyone, So I currently owe about 11k on my car right now and I have about 20k in stocks. I have about 3 more years until the car is paid off in full but the thought of selling some stocks to pay it off sounds a little nice. The idea of no longer having a car payment sounds great but I’ve held onto some of these stocks for such a long time …

New car purchase. Need advice budgeting Hello Everyone, Currently at 230K at 20 years old. I’ve got here by investing my money into NVIDIA mostly and investing 500 of my paycheck per week. Lately, i’ve bought a car and got high insurance to help protect my assets due to obvious circumstances. If i pay the minimum car payment which is 450 and insurance of 300 it’s about 750 a month whi…

Should I spend this much on rent? I am currently living in a HCOL city and looking to move into my own apartment. I found a place for $2,200 per month, with heat and utilities included (so would only be paying additional for Wi-Fi). This would be ~40% of my monthly paycheck, which feels very high, but is walking distant to work and is in a great area. My other expenses are not t…

Just sold my home. What should I do with my profit? I just sold my home and moved in with my partner. I made about $129,000 on the sale. I have about $10,000 of debt I will pay off but don’t know how to invest the rest. I would like to use about $10,000 to play around with in stocks. That would leave me with about $110,000 to invest somehow. Any ideas would be great. Thanks. submitted by …

What am I supposed to do with my savings? I work in a restaurant and make between 60-70k a year. I grew up pretty poor and live well within my means— car paid off, no credit card debt, and less than 10k left in student loans (opting not to pay this off immediately as my state has a tax incentive for monthly payments). Over the past few years I’ve managed to save 60k in a HYSA, ideally f…

Should I put more in 401k (vs Roth) My combined tax bracket is 31.3% (22% fed, 9.3% state). I’m currently maxing my Roth IRA and contributing only 2% to 401k with no match. Next year I’ll likely barely cross into 24% fed. I don’t really expect my salary to dramatically increase at this point. I’ll probably get solidly into 24%, but 32% doesn’t seem in the cards. And I don’t expect…

Putting on Grown-up Pants Hi all. It’s time to be a big boy and put on my big boy pants (financially). Here is some background: Wife and I will finally be a dual income household in the near future. I finished school and started my job back in July. We had a baby in September and wife is looking to get back into the working world within the next 3-6months most likely. W…

Credit is poor due to missed payments I missed 2 payments on my car loan because of a sudden situation and i informed them that i might miss payments (no deferred payments left) and the girl said yeah its fine we understand and pay as its possible for you. Now i have been paying from october to January this year and it says i missed a total lf 6 months. Should have been 2. What shou…

Regions Bank Vs Wells Fargo? I live in Missouri I wanna have a local bank Wells Fargo is isn’t as local as I would like but it’s only a hour away. Anyone had any pros or cons to which one is a better bank? submitted by /u/treatemlikeabug

Kicked out at 18 with nothing, what are some steps that I should take to survive? I’m 17 as of this moment, and Ill turn 18/graduate high school in May. When this happens, my parents will kick me out of the family house and Ill be homeless. I’ve never known a time where my family was functional which is why I’ve never really seen eye to eye with my parents. I think they believe my eviction is for my own good however I really …

Mom made a bunch of credit cards in my name and tarnished my credit score. Advice appreciated UPDATE: Credit is frozen. Thanks for the tip! So uhh, where to begin? My score is 572 and I have never touched my credit score before having this bombshell explode on my face. I’m going to move in with a friend in the coming weekend and seek legal advice at the minimum. Will more than likely seek prosecution or demand she confess to identity the…

I’m spending over 20% of my income on healthcare despite being pretty healthy I make around 42,000 a year before taxes give or take (I make commission and tips in addition to a base salary so my income can vary). I get health insurance through my workplace. I stupidly chose the second highest tier plan because I needed mental healthcare covered. I also added dental and vision. Because of this $287 is taken out of my biwee…

Getting married – I have a few questions about combining finances. I’ll try to make this short! I’m getting married this May and we plan to have a hybrid method when it comes to combining our earnings. We will have a joint account that a portion of our income is automatically deposited, and the rest will go to our individual accounts for personal savings & personal purchases. The majority of our money will go i…

Received settlement help So long story short I got injured at my job I seeked legal action and now four years later I received my settlement which is in the 7 figure range I have absolutely no clue what do to. I paid off my debts $30k now I’m not sure what to do. Everyone told me not to get a financial advisor cause they take a lot of your money. What would you do? How …

Living off taxable brokerage to MAX out company 401k with match… Just a question out of curiosity: Would it be a good move for someone to live off investments (selling stocks from taxable brokerage) for period of time so they could deduct close to 100% of their salary until they reach the $21.5K max contribution limit with the company’s matched 401k? Once the max is reached they would then switch back their d…

How to not compare myself to others My family and extended family are successful and worked hard for it. Every one of em. Can’t say they didn’t earn it. I worked my ass off this year putting in so many 50-60 hour weeks and got a good bonus of a few thousand (most at company get nothing, i realize i am lucky). If they were to ask about my year, I was excited to tell them that i per…

1099-C from an unknown company? I always do the taxes for my family and that includes my parents. They manage their money and bills throughout the year but sometimes I help my parents with that too. My mom received a 1099-C from a company that we have never heard of, Merrick Bank Corp, for an account that they closed for a little over $1,200 including $150 interest. There is …

SSN Not Recognized by Multiple Banks I called two banks today, and during the standard identity verification process, both were unable to verify my identity when I entered the last 4 of my SSN and asked for further details. I was able to complete my transactions no problem, but after the second instance, I’ve started to become a little concerned. I’ve checked my credit report. All …