Inherited $30k. Have no idea what to do with it or where to start. Like the title says, I inherited $30k. I don’t know if I should save, or invest, or both? I’m not sure the best way to save or invest, or where to go to do it. I also can’t seem to find a financial advisor who advises with this “low” amount. I do already have a 401k set up through my job that I contribute to. Anyone have tips, advice, or experi…

Large Lightstream Loan – Approval Likelihood? Anyone have any experience getting large loans from Lightstream? Their max appears to be $100k and I’m looking for $85-95k. Curious about my likelihood of getting approved before I submit an application and submit myself to a hard credit pull. Context: I am looking to buy – and live on – a boat for the next few years. This would essentially be a…

How much should I pay attention to retired parent’s spending? My retired mom (71) has always been reasonable with her money spend, but in the year since my dad passed away she has been on 4 big trips to Europe, bought a new car, and just generally has spent a lot more money than she normally does. I’m all for her spending what she’s earned, but I’m worried about the rate at which she’s been burning through…

Employer switched from Simple IRA to 401k. What to do with IRA account? Been with my company for over 5 years. When I started, the only retirement plan they offered was a Simple IRA, which I used. About 3 years in, the company switched over to 401k which I’m actively contributing to. The IRA account is no longer being contributed to and I honestly forgot I had it. I can still login to the account though. There’s not…

How much would you save for retirement if you are anticipating a pension? I (29F) and my husband (30M) are both public servants. We pay into our state retirement system and get a hefty employer match, and we both expect to draw a defined benefit pension at age 65 that is about $4,000/month each (in today’s dollars). We will also be collecting social security, provided it still exists by then. Our gross household incom…

Help me find clarity: Control vs. Transparency My spouse and I got married 10 years ago. 3 months into being engaged I got a new job making 30k a year and he told me to deposit all my checks into his account because I’m bad with money. I will admit, I know I am so i didn’t put up a fight. Fast forward, after a year or 2 of working at the job, he said I wasn’t making enough and need to contr…

Pay off the house or Invest? I now only have my mortgage which is a 30 year loan but my interest is only 4.99 apr I know 30 year loans are interest heavy in the beginning, so should I pay it down halfway and then invest or keep paying as usual? We can stay here as long as we need to, if we move we plan to pay in full of get a minimal amout financed from saving. Given the …

Help with HSA (health equity) Hi everyone, so I have my HSA through work and I’m maxing it out but my company uses health equity. My question is I finally hit the 1000 mark and can invest, do I invest it now through health equity or should I keep accumulating til I max my yearly contribution and transfer it into a fidelity HSA account? submitted by /u/AccomplishedPie…

Is it common for apartments to increase the rent during lease renewals? Hello, so this is my first year leasing ever and today the front office gave me the option to sign a renewal for 2025-2026. I noticed that the rent went up for 100 dlls per month. Is this normal in lease renewals? Edit: I am a student and live with 3 other roomates if that matters. This year they are charging me 700$/month but for 2025-2026 it w…

Best method to return/pay back person you owe $$ to? Recently pleasant work bonus leaves me with enough money to pay an older sibling back from whom I borrowed ~23k over the last ~5 years (I was in college and needed financial support, he effectively gave me an interest free loan payable when I felt I could return money without it being a burden on me — I know, I’m fortunate AF) I am now in the p…

Husband retiring this year We are trying to find a financial advisor – a little late but we’re trying! My husband will retire this year from teaching at 57 and will collect 80% of 120K. In addition to that he has $735,000 in his 403B. We would like to pay off our debt – not including mortgage – but includes parent plus loans around 100K. I work part time and will have min…

contributed to Roth IRA but am over MAGI I thoughtlessly and embarrassingly contributed to my ROTH IRA in Sept last year not accounting for the fact that this is the first time I was earning above the threshold. I was unable to contribute to my ROTH in the previous handful of years so was feeling good about having the income to contribute facepalm. To complicate matters, I have about 3…

IRS says I need 1095-A to file but Oscar says I don’t have an account? Hi I tried to file my taxes but it was rejected saying I need the info from my 1095-A, I managed to track down the company (Oscar) but they do not have it and I have had healthcare through my employer so I’m not sure what’s going on, any advice? submitted by /u/Moose_216

Need some advice, climbing out of debt with “okay” income. How can I do better? 30M Life is getting stressful, and I am trying to break old habits. Want to get opinions on how I could manage better, or help speed this process along. I am 30 year old male, married (31 F, 2 years), 3 kids (11,11,4) have a stable job with an income of around $115,000(I carry health insurance through my job) a year with a …

State and Local tax deductions for NY 529 Ive googled and absolutely cant find a definitive answer anywhere….if you live in NYC and open a 529 for your nephew (who lives in another state), I understand I’d get a state tax deduction of up to $10,000 per year filing as a married couple. This is about 6%or $600. My question is: Do I also get a local NYC tax deduction? This is roughly an …

CC Debt Free Today! Next Steps? submitted by /u/rrnah

Best way to grow house equity before buying another home a year later? My husband and I have been considering selling our house after just three years, because we want to get out of our large mortgage, high interest rate and downsize our lifestyle. We have an opportunity to move into a home built by my father-in-law, where we’ll be paying a small rent but only for a year. After selling, we expect to walk away with …

Please help me understand 401k My 401k thru Empowerment has the options of -before tax contribution -Roth contribution -after tax contribution I’ve been doing after tax. But I honestly don’t know what any of it means. I don’t understand retirement in the slightest. Can someone DUMB it down for me and give me advice? submitted by /u/NoThought6983

Just discovered that I have an IRA that I don’t remember opening – what to do? As the title states, I recently learned that I have a traditional IRA from a job I had many years ago. I have no recollection of even setting it up, which I know is silly but I was a dumb young person who only cared about a paycheck and everything else was in one ear out the other. Anyways, I received a letter in the mail about my account balanc…

Didn’t do taxes last year now I can’t e-file for 2024 I don’t have much experience with doing my taxes since I’m only 21 so don’t judge if this is a stupid question but in 2023 I only worked for one month so I only made 4000 something. I was also going through some personal stuff and didn’t have the motivation to file my taxes. Now I’m trying to file for 2024 and it won’t let me e-file this year b…