Should I have converted old 401ks to new 401k, not Traditional IRA? I think I messed up for 2024 taxes. I converted multiple old Trad and Roth 401ks to my Traditional and Roth IRAs towards end of 2024. My traditional IRA now holds $160k. I did a backdoor Roth conversions in 2024 as well for the full limit. (Same as 2025 and other years but I’m concerned with the 2024 tax year) Reading up on pro rata rule, it loo…

Gambling addict mom is chipping at my bank account I’m a 19M college student and my mother is a narcissist, an alcoholic, and has a bad gambling addiction. She makes a six figure salary and I make minimum wage at my part time job. She’s been an alcoholic for years but the gambling is a new addition to all of this- and something I’m not really sure how to handle. My mom doesn’t like me much so s…

Purchased a truck with Capital One, no account setup paperwork I purchased a newer used truck from a local dealer one week ago. Not cheap. Approved through capital one, and loan was taken out. But I did not even get so much as a welcome email. Is this normal? When I purchased my Volkswagen on a loan, I was able to set up my loan payment account and autopay the next day. Any info is much appreciated subm…

W-2 income for my spouse is somewhat high. How to check that? I am working on taxes, as always, married filling jointly, as always. Software shows comparison with previous year. My spouse is having something like $28.4k reported on w2. Problem is, that her contract that applied since August is something like 27.5k and her previous one was for less, and her previous year w2 was something like 18.8k I was e…

considering trading in brand new car for cheaper older car A couple months ago I made the horrible decision to trade in my older(ish) car for a brand new 2025. I only had intentions on taking a look at the new models but you know how that goes. My car was a rental before i got it and i made the excuse that i wanted something only i have driven. They gave me a pretty decent interest rate and swindled me …

What do I do to not pay taxes on a large loan repayment from family? Just as the title states. Over the past number of years I’d been transferring money to my mother to help her out with her home with the expectation that when she has the money, sells or dies I’d get it back. Well that time is coming very soon, and I’m looking at getting repaid a bit over 100k, likely in a lump sum. What do I need to have ready …

Company 401k vs Roth IRA vs other options I’m starting at a new company that provides a 3% match at 100% and then a 2% match at 50%. Is there any benefit to putting more than 5% into that 401k account? I also have a Roth IRA that I plan on maxing out this year at 7k. Just want to make sure I’m thinking of things right and shouldn’t be diversifying my investments further etc. Thanks! …

Getting Divorced, what is best for me financially? Keeping or selling our house? Hello I (52F) am getting divorced. My husband has cheated on my repeatedly throughout our marriage and because our two children are out of the house (18F & 20F) I’m finally filing for divorce. We have both been working for over twenty years. I make about 200K a year and he makes about 120K a year. We bought our house following the financial cris…

HSA Investment Management Fee I have a perk with my HSA that allows me to rollover a certain monthly amount to an HSA Invest account. There are no fees to rollover, however, there is a .25% annual management fee. Do you think this would be worth doing? Otherwise, it will be sitting in my HSA checking account at .01%. submitted by /u/EmphasisDesperate783

Not sure if I should buy a house or rent at 27 I’m 27 and have recently opened my eyes to a financially secure lifestyle. I just paid off all of my credit card debt (amounting to about $12.5k overall) and my only remaining debt is $18k of student loans (compiled of 3 different federal loans with very low interest of 2.8% – 3.7%). I had to move back into my parents home due to personal reason…

Do I put more towards my 401k or our home loan? Me and my husband have a decent amount saved up in our emergency fund and are already contributing up to employer match in our 401ks and have some extra money we would like to invest. Do we contribute more towards our 401k or do we start making extra payments towards the principal on our home loan? Our interest rate for the loan is 4%. submi…

Getting divorced and struggling to plan new budget This is a mess. My wife cheated, and we were trying make it work, but it’s become clear that things just aren’t going to work between us anymore. We’re getting her moved out, which should be a step in the right direction in theory, but in reality means my rent just jumped from ~25% of my monthly income to ~50%. I’m in a pretty rough place and I …

Help! Surviving a downturn / Feeling hopeless Feeling pretty doomy over here and could use some level headed financial advice. Background: I (early 30s) work in the film industry, shortly after graduating from college was making $100-115k/year employed in union jobs. I bought an apartment in NYC (short sightedly financed with an ARM), survived the COVID downturn and last year’s strike fallo…

Help: impending layoffs Hey! So I got the news 2 days ago that a lot of my work is being moved across the country. Talked to my boss, and because I’m so new I’m essentially 2nd in line to get cut. My boss says they’re going to do everything in their power to find me another job in our office, and I’m secure in my job for at least another month. What do I do? I have 10+…

27 yr old journeyman ironworker looking for advice I’m 27 yrs old in Midwest Ohio I have 100 short of 30k in my annuity all invested in to a vanguard 500 index. My locals scale puts 4.30cents a hr into this that a contractor pays into in June we’ll be getting a pay raise to 38.27 what’s some beneficial things I can do outside of our unions annuity and pension that I can do to prepare for retirem…

Got hit with a large medical bill from 2022 Im in California if that matters. I was hospitalized back in April 2022 for a few days. After I got out, I received numerous bills from the hospital and Drs that treathed me. It seemed like a new bill came in once a week for a few months. I was able to pay the bills and thought I was done with it until today. Today I received another hospital/Dr…

How would you invest if you were given cash? I just inherited $700,000 cash. I have no college education. I’m in my 20’s. I’m married with one kid. What now? submitted by /u/here_I_am_i_guess

Getting Back Overseas Account Good morning! I fear I have gotten myself into a bit of a pickle with this one. When I was 19 I lived and worked in Scotland for 6 months until covid struck and I headed back home to Aus. Life happened and occasionally I remember I have a bank account with roughly £1.5k sitting in it. I have lost access to the UK number I used to create it so ca…

budgeting actually makes me less stressed on spending. growing up tight with money i’ve always feel guilty for treating myself. now, for example i have a set amount of “misc” where i can use for whatever in a week (restaurants, clubs, video games, etc). as long as it’s within threshold in a week. i know what to expect. budgeting is amazing yall!!! submitted by /u/lostbythestars

Best Way to Buy My Childhood Home? I’m about to start working as a registered nurse, making around $32–$34 per hour while working three 12-hour shifts per week. My parents are planning to move back to the Dominican Republic after I graduate and want to sell our family home, which has an estimated value of $233,400. I have a strong sentimental attachment to the house and would lov…