#Business

Help! My father has too much debt and dementia

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Help! My father has too much debt and dementia My 69yo father has completely blown his retirement on gambling. He has refinanced his house several times and to be honest he is probably under water in the house because it needs so many repairs. He has a car note as well. He has zero financial assets. He is currently in the hospital following a major surgery and we are learning of a new dement…

Reddit Personal Finance 401 2025-01-08

I just turned 25, I have no savings. Tell me what to do.

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I just turned 25, I have no savings. Tell me what to do. I have a checking account with $700 in it. Credit limit of $7,100 of which I’m at around $4,000. I’m opening a savings account tomorrow and putting $100 in there. I’m working to get my credit card debt down, but I’m still in school and can only work part-time (roughly 35 hours per week but this is about to go down to 25-30). Monthly expenses ar…

Reddit Personal Finance 499 2025-01-08

Lump sum payout verses monthly pension

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Lump sum payout verses monthly pension I’m 66 retiring soon. I have $700K in a 401K and $210K in another account. The company has offered a $520K lump sum or a monthly $3056 pension. Which is the right choice? submitted by /u/Equivalent-Motor-364

Reddit Personal Finance 1.3k 2025-01-07

Er and regular hospital bill

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Er and regular hospital bill My mom recently beginning of December went to the ER and was placed in a semi private room. They charged her 11.5k for the 2 er visits she had and almost 31k bill for her room for 5 days. I was wondering what we could do to pay these bills, I know about the charity help. My mom also isn’t a citizen and doesn’t have credit and nothings in her nam…

Reddit Personal Finance 496 2025-01-07

Question about roll over auto loans

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Question about roll over auto loans I just have a question about how these work. From my understanding if I have loan for 18.5k with 13k left and my car is worth 9k that last 4k goes into the new loan of a car I would try to finace. Would I still need a down-payment got the new loan or is the toal of both loan added together minus what my vehicle is worth? If it works as I think m…

Reddit Personal Finance 1.1k 2025-01-07

Ideas for small inheritance placement?

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Ideas for small inheritance placement? We received an inheritance of 40k and are curious the best place to put it, for the time-being. Helpful info about us: We are not well-off and really, and live almost check-to-check. We have some credit issues with a few collections present on our credit reports. We do not have life-insurance, don’t have a retirement, and we rent a home. We own…

Reddit Personal Finance 674 2025-01-07

How much money do you spend annually on unforeseen circumstances? I feel like I’m going crazy with constant surprise expenses.

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How much money do you spend annually on unforeseen circumstances? I feel like I’m going crazy with constant surprise expenses. I am married with two young kids, a dog, and a house, and it feels like every month there is another accident, injury, mistake, breakdown, etc. I’m feeling very frustrated with the amount of money that we spend annually on unforeseen circumstances. Here are just a few examples from the past year or so: – Dog ran into neighbors yard and got bit b…

Reddit Personal Finance 556 2025-01-07

Strange IRA Error at Schwab: Account with Someone Else’s Name Appeared in Our Portfolio

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Strange IRA Error at Schwab: Account with Someone Else’s Name Appeared in Our Portfolio Hi all, We recently encountered something very strange with our Schwab account, and we’re hoping for advice or insights. We periodically check on the IRAs under this account, and today we noticed an additional IRA that didn’t belong to us. The name on the brokerage statement was unfamiliar, belonging to someone living in another state, and manag…

Reddit Personal Finance 593 2025-01-07

“Receive a distribution from your retirement plan” email from paychex

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“Receive a distribution from your retirement plan” email from paychex Background: I recently got laid off (my first full-time job right after college) and am currently unemployed. Did contribute to 401k through that employer. I received an email saying: “Based on our records, you’re eligible to receive a distribution from your retirement plan. If you do not make a distribution election, Paychex may process a…

Reddit Personal Finance 623 2025-01-07

Laid Off. What should I do with my money?

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Laid Off. What should I do with my money? I’m 30F, and was laid off today with no severance. I was not expecting this, and my goal for the next few months was to start my investing journey. Like I literally opened a Roth IRA with Fidelity a week ago, maxed it out for 2024, and then maxed it out again YESTERDAY for 2025 (and I’m still researching what to invest in so it’s just sitting th…

Reddit Personal Finance 684 2025-01-07

Single mom who posted earlier about retirement

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Single mom who posted earlier about retirement Hi again 🙂 ThANK you to everyone who commented on my previous post. You really helped me tremendously, I am no longer fully freaking out and now just a tad freaking out but much better than before! I called fidelity and they gave me two options where to invest my Roth ira money. Either the FDEWX or the FDEEX. What do I choose? Which is a bett…

Reddit Personal Finance 554 2025-01-07

Help! My mom is living beyond her means, and I don’t know that I can help her!

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Help! My mom is living beyond her means, and I don’t know that I can help her! Okay, so I think this is half venting, half actual need for advice. I am 35 and I live in a HCL area, but I do well, making about 170K A year. I live relatively modestly, but not bare bones by any means. I pay 2K for a modest apartment in a great location, I have a relatively new car that is paid off, and because of this I have a nice little nes…

Reddit Personal Finance 1.2k 2025-01-07

Max out retirement in my early 20s?

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Max out retirement in my early 20s? Hi y’all! I am curious to see what you all think! I am currently in my early 20s and thinking is maxing out my IRA, I currently have about 2k invested in an Ira and would like to max it out then contribute about 400 a month going forward. I don’t make a lot so this would be a lot as it is. I plan on living and simple life and buying a smaller ho…

Reddit Personal Finance 677 2025-01-07

Life insurance asking us to decide on either a lump sum, deferral, or annuity option for my recently widowed mom.

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Life insurance asking us to decide on either a lump sum, deferral, or annuity option for my recently widowed mom. My father had a fixed annuity Allianz policy when he died, and now they are asking my mom to take a lump sum or a 5/10 year deferral of $82K, or an annuity for $108K. My instinct is annuities are usually not a good option, and to just take the lump sum and invest it in an S&P 500 index fund, but am I missing something here? Thanks. submitte…

Reddit Personal Finance 507 2025-01-07

Convert 529 to CalABLE for child with disabilities?

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Convert 529 to CalABLE for child with disabilities? Is there a disadvantage to converting a 529 account to a CalABLE account? My 10 year old may or may not be college bound. From what I can tell, a CalABLE account can be used for tuition and many other things – it has much broader use of funds, and we do not need to include it as our “assets”. Thank you! https://www.calable.ca.gov submitted b…

Reddit Personal Finance 1.0k 2025-01-07

How Should I Invest $8K Every 3 Months Until 2029?

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How Should I Invest $8K Every 3 Months Until 2029? I’m looking for some advice on the best way to invest a unique financial windfall I’ll be receiving. Here’s my situation: I earn $100K annually from my job. Starting now until 2029, I’ll be receiving $8,000 every three months as part of an inheritance. I owe about $400K on my house (7.3% interest rate). Currently, I’m maxing out my IRA contrib…

Reddit Personal Finance 705 2025-01-07

Job said they cannot pay me. I need guidance.

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Job said they cannot pay me. I need guidance. I just came back from a vacation (unpaid) and expected to receive a check from the week prior. Later this afternoon, I was informed by my employer that they will not be able to pay me or other employees due to financial issues and the fact that the office has not been doing well. I contacted my manager and informed them I have bills to pay and t…

Reddit Personal Finance 525 2025-01-07

Google Criticizes Bing For Mimicking Google’s Homepage via @sejournal, @MattGSouthern

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Google Criticizes Bing For Mimicking Google’s Homepage via @sejournal, @MattGSouthern Microsoft faces backlash after Bing mimics Google’s interface design, sparking criticism from Google Chrome’s security chief over user deception. The post Google Criticizes Bing For Mimicking Google’s Homepage appeared first on Search Engine Journal.

Search Engine Journal 691 2025-01-07