Tax efficiency – do you keep only certain assets in taxable accounts and others in tax advantaged accounts? I’m reading that after finding a good overall allocation and minimizing fees and expense rations, the next thing to worry about is tax efficiency. So keeping municipal bonds in taxable accounts and small cap in something like Roth IRAs. Tough to imaging a lot of people worrying about this level of detail. What sort of drag could you experience …

Home Buying Tips? Not Sure What Ratio To Use I am in the market to purchase a home. What’s the maximum ratio (or percentage) people are using for home buying? 2x income? 28% of monthly pre-tax salary going towards the home? submitted by /u/emeraldcalipers

Is a 20% down payment on a house the best way to go? I’m a huge fan of this subreddit, and I live my life by the wiki here. My wife and I are in a good financial situation, so it’s less a question of “can we put down 20%” than “should we?” This is not an immediate task btw. But we expect to need a bigger home due to growing kids within 2 years. We currently live in a townhome I bought pre COVID fo…

Meeting with Grandma’s Charles Schwab advisor… what questions to ask? Hi everyone, Basically, my grandmother is in her retirement years but we have not checked in with her financial situation at all. We’re moving in a direction where we (my wife and I) want to just check in with her finances every few months. We don’t want to get blindsided by anything, and we want to keep a pulse on how she is doing financially. …

Investing in bonds via 529 Savings Plan? Hey folks, I’ll be in school for the next 3-4 years primarily paying out of pocket. Wanted to put some money into a 529 plan so it could gain interest as I’m using it to pay my tuition. I’d like to use it as more of a savings account gaining interest with low-risk/market exposure. Is it possible to purchase treasury bonds through a 529 or will I…

Simple tax question about selling stuff on Ebay. Trying to figure out my actual profit after costs I posted this same question in r/ebay, but nobody answered it. I’m confused about which costs I should include as my costs, and which ones I shouldn’t. I have all the numbers below, but I’m having trouble wrapping my mind around it. I just need somebody to take a quick look at this, and they’ll probably know the answer very quickly. I’m trying t…

What did you do with your inheritance? Seeing a big 5 digit number in my savings just reminds me that they died, it’s so hard to look at. Maybe that will go away with time? My mortgage interest is only 3.5 so really not in a huge hurry to throw extra money at the house Buying a car with it, while useful, would make me feel like once the car inevitably rusts out or quits for whatever …

New to investing. Will it be ok if I just buy VOO every month for the rest of my life? I don’t want to be super rich. I want to retire. Lol submitted by /u/ConstantPatient4598

How does one hit the $70k 401k (employer + employee) limit? The employee limit is $23.5k, thus the employer contribution would need to be $46.5k. This would necessitate a (nearly) 200% match on employee contributions. Does that policy actually exist somewhere out there? Most of what I see is 50%-100% match up to 4%-6% of income. No matter a person’s income, this structure will never contribute more tha…

What kind of loan for a Pole Barn. I inherited a house and some land that is fully paid off. I am looking to put up a pole barn house/shop that my fiancée and I would live in and rent out the house that is already there. We want to have a place that feels like our own and the house that is there is fairly old. The house/property is estimated at $845,700. Wondering what way would …

Gnu Cash – for personal finance – setup help please Good morning. I am hoping to use GnuCash to track our expenses and in general help with financial planning. I used to use a spreadsheet I created myself, but I want something a bit more powerful. I am not an accountant and am really struggling with double entry accounting. I am UK based. So a few questions: Does the Transfer column just refer to…

Buy brand new car with cash? Should I buy a brand new toyota rav4 in cash or finance it ? I want a car I can keep for a long time and I’m a point a to point b guy. Don’t care for anything except getting something reliable safe and great quality to drive my wife and baby in. I’ve never bought a car before bc mine was handed down to me so I never had a car payment. Is ther…

Interest charge after paying the statement balance? So I’ve had credit cards for over 12 years and for the first time because of some unexpected expense I didn’t have enough in my bank account to pay the full statement balance for my Chase credit card. I transferred some money out of my Robinhood but it would take a few days to come in so I decided to pay an amount above the min balance and leave…

Received a letter from IRS stating I transferred my clean vehicle rebate to the dealer, but I didn’t. I received a letter from IRS stating I transferred my clean vehicle rebate to the dealer, but I didn’t. I have already emailed the IRS based on the letter giving them my VIN, stating I didn’t transfer it to the dealer. The dealer is asking to send me a check for the 4k(amount for the clean vehicle rebate) I have already filed my taxes and indica…

GF got locked in to outrageous payment for used car. Told my GF to wait to buy a car, so I can help her. She doesn’t wait, gets locked in to $800/m car payment and $200/m for insurance for a used 2017 Jeep Compass, that was apparently sold to her for $30k. My GF fucked herself, how can I unfuck her out of this situation? This severely kills her income, so much that with everything else she can’t …

Q: About to be laid off; should I try to fully/partially fund my current HSA? I’ll be officially laid off the last working day of this month. Currently have a HDHP with HSA. Employer contributes some each paycheck and I contribute the remainder in order to plan hitting the max family limit which for 2025 is $8,550. Problem is that I’ve no idea yet who my next employer might be and so no idea if they might offer an HSA. If…

Taking Social Security at 62 I’ll be 62 in October. Yes, I have weighed all financial issues and looked at my retirement funds. On top of other stuff, $2,100/month looks nice. I won’t need this $$ immediately. Suggestions on 3-5-year allocation? submitted by /u/EThosWood

How should I handle this credit card issue? I am having some problems surrounding a credit card that I’m on and don’t have any access to. Several years ago my mother added me to a credit card account without asking me first while I was still a minor to “help teach me and build my credit”. I told her that I didn’t really want to share an account with anyone and I would get my own when I tu…

should i pay off debt faster or build a bigger emergency fund first. so currently im paying off my car as fast as possible, it’s my only debt other than my credit card that i use for gas and groceries for the cashback/rewards points and i pay that the following week anyways. my normal car payment is $266. im paying an additional $800 a month on top of that to pay it off faster. my current payoff amount is $10,400…

Should I sell my foreign stocks to not deal with the foreign tax credit next year? I purchased some “recommended stocks” on reddit and when I did my 1099-div, there was a line for foreign taxes to the amount of $2. Went through turbotax and after all the calculations were done on my 1099-div, it said they saved me $1 for foreign credit tax. I’ve never seen it before and I’m thinking of just selling all my foreign stocks so I d…