Am I responsible for my work sending my garnishment to the wrong person? I have been paying off a garnishment for a few months with no issues. Last week I received a check from the state saying I overpaid something. I reached out to payroll at work asking if it had to do with my garnishment and they told me no. So I spent the money on bills that needed paid. My employer has since then reached out to me saying that fo…

Paying off debts super fast versus contributing into 401k, HSA, and FSA I am 27. I had a full-time job out of undergrad, but stopped working full-time when I pursued grad school. This is my first full-time job out of grad school. I have about $47.5k in student loan debt, a mix of 3.5-6% interest rate (my biggest loan is $20,000 at 6%, smallest loan is $2,000 at 3.5%) and about $1.5k in credit card debt. I live in a …

owe 1800$ within a week, will be in the mental hospital the entire week Hi, I am in debt and owe someone 1800$ by seven days by now or they are taking legal action, but i am unemployed and therefore not eligible to take out loans, and am in the ER waiting to be transferred at 8pm to a mental health ward where i won’t have my phone or access to anything. I will be there for longer than a week most likely. I am 18 and…

Anyone using the empower app? Looking for a place to strictly track net worth across various assets. I am between this and rocket money but rocket money seems to be more budgeting related which i do not need. Empower appears to be $8/m. Quick Look at empower it doesn’t look like I can track properties etc. just accounts. submitted by /u/Darlhim89

Just gifted $19,000 from my gma. Starting medical school in July. Need advice As the title says, my grandma just gifted me $19000 out of the blue. I am an accepted medical student and will be starting medical school in July 2025. I have no other debt/payments. I live with my parents for free, I drive an old paid off vehicle, and received multiple scholarships in undergrad so I was able to pay off my loans shortly after I…

How do I, an average middle class person, prepare for a recession? My husband and I are both in our late 20’s/early 30’s. We’re lucky to have a house with a mortgage we can manage, two new enough cars to last us the next ~10 years, and jobs where we are very secure (no worries of layoffs, etc) We do have about ~15k in various credit card debts. I also have about 30k in student loans that I just started making p…

403b allocations after layoff I’m going through a layoff and an extended litigation with my former employer of 16 years. I am in a very niche field and my employer took a scorched earth approach to my termination which is hindering my search. I have tried for different sorts of positions but it’s not going well. I haven’t touched my retirement yet (~230k in a 403b) but given…

Just got fired due to restructuring. 3 months of severance pay. Should I reduce my 401k contribs to 0? I’m reeling right now and don’t want to make any kneejerk decisions. Thankfully the severance package is generous and reflects that the firing wasn’t performance based. I’m currenlty eliminating any non-essential monthly expenditures. My 401k contributions are company matched at 3%. What are you thoughts on reducing my 401k contributions to 0 du…

How much needed to buy a house? Hello, Im a first time home buyer. I wanted to ask how much money I truly need to buy a house. The down payment is obvious however there seems to be a lot of misc costs as well that add up. Im asking here because I wanted to ask if theres any things I’m missing. My sample calculation is based on a 400k home purchase price at 3% down payment: Dow…

Are there any downsides to rolling over a 401(k) to Vanguard? I have $63K in my previous employer’s 401(k) plan with Principal, split into both pre-tax ($21K) and Roth portions ($42K). I also have a brokerage account with Vanguard and am considering a direct rollover to consolidate my accounts in one place. Note, importantly: I’ve set up a Rollover IRA for pre-tax contributions, and a Roth IRA for Roth con…

Asset allocation for federal employee about to get laid off and possibly facing long-term unemployment? Hi all. Looks like I will be losing my job unexpectedly, and it will be hard for me to find another one anytime soon for reasons I won’t get into. I may even have to go back to school to re-train in my late 40s. I earn six figures, and the odds of me finding a similar job ever again are slim. Monthly expenses are about $5,000. Planning to retire…

Take Social Security at 66 or wait? I will be eligible for full Social Security next month. I plan on working until I’m 70 I don’t need the income. If I delay applying until age 70, my monthly benefit will increase to 126.7% of today’s amount. Should I wait, or take it now and invest it? I don’t know how long I will live or if the fund will remain solvent.🙂 submitted by /u…

Restructuring investments Hi everyone, After taking a backseat to setting up my future self for success, I’m working to fix that. As of this year, my wife and I now make enough that we cannot contribute to a Roth IRA anymore. We had a short stint with Northwestern Mutual that was a dumb move in hindsight and are back in with Schwab. We were in the automated portfolio for…

Keep a used car for commuting? Here’s our situation: we bought a new minivan because we needed space for our growing family (after school activities, weekends, road trips). My prior car was a paid-off 2016 Kia Soul with 82k miles. We still own it, but we were planning on selling it. Now I’m reconsidering. My commute is 60 miles per day, with sizeable stop and go traffic, five…

What To Do With Bonus? I’m feeling bored with my current investment portfolio so I’m wondering if there is something else I can do with my bonus. I max 401k, Roths, and HSA annually. Any extra goes into a taxable brokerage account. After 10 years of filling my retirement account with every dollar I find, I really want to see if there’s anything else out there. 30 yea…

Should I prioritize my Roth IRA above all else? Do yall prioritize the $7k/year for Roth IRA contribution first? My “savings” sit in a cash account with 4.25% interest. Should I put $7k in my Roth immediately at the beginning of each year? submitted by /u/Unable_Elephant610

Just learned a hard lesson about investing. 30k completely inaccesible for years. So today I learned the hard way something I should have researched more. On February 3rd I was looking for tax free income. So I put 30,000 into MUI Black Municipal fund. Little did I know as Fidelity had no notice the fund was going private on February 14th and turning into an Interval fund on March 21st. Fidelity said they were never told by t…

I’m 38 with nothing in retirement, I just opened an IRA how do I invest? Hi y’all like the title says, I am new and very late to the retirement game. I am paying off debt like crazy right now (25K in the last year and a half) and I have started an emergency fund, opened a high interest savings account and opened an IRA with Fidelity. I’m working three jobs at the moment and preparing to switch careers to earn more mo…

FreeTaxUSA Fixed their (slight) Backdoor Roth issue for 2024 It used to be that if one spouse had a 401k at work and your MAGI was too high, FreeTaxUSA would mark their IRA contribution as non-deductible (correctly) but would fail to allow you to override the other spouse’s IRA contribution to be non-deductible. This wasn’t a huge issue, as the math works out the same, except that it’s not technically cor…

What to invest in as a 31yr with a brand new Roth account? I’ve been trying to better myself after neglecting my youth in isolation & I’ll distractions. I come from an immigrant family that is highly uneducated in financial literacy so I never got taught or set up with the right tools or mindset – Saving, investing, stocks, IRA, etc. I recently opened up my first Roth with fidelity last week but after s…