Union Retirement of Deceased First off, if this is the wrong place, please direct me where to go. My father had passed away in 2013, retired 2002. He was a member of a local union. Each time I call the union to get help regarding his pension I get no where. When he passed away, I packed up as much paper work as I could to help me recover personal property, bank accounts an…

Daycare is going to make us mighty tight, help me optimize our budget Our gross income combined is $143k. Net pay is $92k ($7,700 per month). Each of us makes around $70K so it doesn’t make sense for one parent to stay at home. Family size of 4, 2 adults, 2 children. Monthly Bills: Daycare: $2700 Mortgage: $2400 Cars, insurance, gas: $629 Electric and Utilities: $390 Phones $120 Medical payments/debt: $200 Inter…

I feel like I’m not doing enough with my money. I’m 25y old, earn about 55 a year, car paid off, current live with dad so no rent, student loan of 20 grand (been putting 1g each month for the past 5 months to pay off faster). I currently put 15% of paycheck into 401k and am naturally cheap so I don’t spend money alot on non essentials (highest cost per month is food). I have about 25 grand ju…

Getting calls and visits offering to help prevent foreclosure TL;DR Why would individuals from multiple companies send fearmongering letters and make visits to my friend’s house if his taxes are up to date and mortgage is paid off? My friend and his family are living in his deceased father’s house. He lost his job shortly after his wife became disabled so his father took his family of 5 in. The house has b…

My W2 says I made less than what my end of year last paystub says? So my end of year paystub for December 2024 says my gross income was $98k. My W2 says I made $91k. I don’t know why there’s a $7k difference. My work paystubs are honestly confusing though. It has multiple categories and splits everything up bit by bit. Anyway, I was trying to file my taxes and it says I owe about $350. Trying to understand whe…

19 with 6 months to move out. hey y’all, in need of a little financial guidance here. my mom developed liver failure after binge drinking due to falling behind on credit payments/medical debt & now has been in the hospital for about 4 months, and i have been living alone with my girlfriend for that period since. She has been around for a year before, and I’m seriously consid…

How would you tackle these Parent Plus Student Loans My wife and I decided to take on ownership of her student loans that her mother took out. I have $62,774.49 earning 4% in a HYSA I have a goal of having $60,000 in an emergency fund I can allocate $4,000 a month to savings The student loans… $16,682.66 at 7.9% (minimum payment: $301.40) $11,555.56 at 7.9% (minimum payment: $193.22) $5,650.80…

IRA Limits seem too low Why are the limits on IRA contributions so low for the average person? I know if the limit was higher I would contribute more. It doesn’t seem like contribution rate have increased enough. submitted by /u/Current-Ranger-7673

How much should I be putting into retirement while saving for house? Hi, everyone. I’m currently saving for a house, but am having trouble how I should be balancing retirement contributions vs saving for a house. For reference, I make $80,000/year. My company matches 401(k) contributions up to 7%. I currently contribute about 18% of my salary or 18,000/yr. My expenses are about $30,000/yr all-in & my income taxes…

Marriage Dissolution Financial Advice Greetings PF, I am looking for some advice on if I am thinking correctly during this life change I am going through. Long story short the wife wants to separate and I have agreed instead of fighting her with lawyers it’s prob best to agree on everything and let her go. My thought process is to “buy her out” of the home we are in. It’s a 30 yr f…

Does Imputed Income (relating to life insurance) effect % based 401k contribution? Does Imputed Income (relating to life insurance) effect % based 401k contribution? I am noticing that it does, despite it not actually being “cash” compensation that would end up in take home pay. Example. Gross Income (Taxable)$1000 Imputed Income (Taxable) $5 Additional Income (Non-taxable) $100 401k contribution (%): 20% … my question: 401k…

30K Saved up at 22 looking for advice I am 22 and have roughly $30k saved up I would appreciate some advice before I meet with the financial planner my family uses. I have ZERO vices, I do not gamble, drink, smoke, etc (I know I’m so boring). I graduate college this year and will have no debt or any major expenses other than gas and car insurance. What would be the best way to make …

Should I keep aggressively pay down debt or save more? I have $107,009.29 in debt. About $19,000 from credit card. The rest student loans. EDIT: Average of 7.41% on Government loans totaling $52,648.85. & private loans 35,360.44 at 3.47% I’m on track to pay off my credit card debt by August. If I aggressively pay off my debt, I can pay student loans off by April 2027. I have $1000 saved in an emerge…

19 y/o, need some advice I am 19, as stated in the title, and have about $25,000 saved. I am in college, currently in my second year, and have a part-time job. What should I do with this money so it doesn’t just sit there? All I really know about are high-yield savings accounts. submitted by /u/Sweaty-Cry184

MAJOR financial crisis as a 20yr, what do I do? Before I start, let me say I do not have anyone who can help me. My parents and other family are broke too. They were not financially smart, so I was not learning finances from a young age. Obviously, school barely taught us anything either. So, I am a 20 yr old college student paying my own way. My parents “make too much” so my only financial …

No money for a funeral, what are options My brother just passed and my mother didn’t have any insurance for him, she gets SSI survivors benefits and also on section 8/Medicare. Is there any assistance available that she may not be aware of. We haven’t gone to the morgue yet, idk what kind of pressure they’d put on us to see what we can do I read through page on wiki submitted by …

Does a no-limit credit card hurt my credit score by skewing my credit utilization? I have an Amex card that has “no preset limit” which I think really means I have an arbitrarily high spending limit, as decided by Amex’s algorithm. On my credit report, the credit limit for this account is shown as “unknown” or “unavailable”. But of course the account balance is reported. When calculating my total credit utilization, this card’…

Negative 99k bank account balance I accidentally deposited 100k into my Robinhood when I meant to put 1k. I tried canceling on Robinhood but there was no option and even contacted support. Well at that point I just accepted the transfer would probably get reversed and rejected by Chase and l’d pay a nfs fee and probably get my account restricted by Robinhood but Chase ended lett…

Considering early retirement, currently 45 I’m 45, always had this goal to retire early (FIRE stuff), but now that I’m finally close, I feel like I’m hesitating. My partner and I have saved diligently, invested well, and even cut down on expenses. But recently, I started reading some articles about market fluctuations, inflation, and even unexpected health costs. Tbh freaked us both. We’…

Should I sell all of my Mutual Funds for ETFs? Hello everyone, About 10 years ago I worked for a bank and rolled my 401K over into a ROTH IRA. At the branch I worked at, a financial advisor set up my account (ROTH IRA), all mutual funds. AMCPX, AMRMX, AGTHX, ANEFX and AWSHX. I’ve kept them all of these years, but have bought a lot of AAPL stock 5 years or so ago. I wish I had been maxing out…