Retirement 401k vs investments question Hello, I am 30 and make 200K a year with no debt. My 401(k) is at 60k Investments are at 160k I live in a very expensive city and I don’t think I’ll be able to afford to purchase any homes so I will continue renting for the time being but at some point I want to be able to purchase a home in the next five years. Should I be investing more of …

I need help with financial terminology Mainly I want to know what the general term for the sum of all account balances (e.g. current account, savings, credit cards) for a month subtracted from the consecutive month is. I think it might be “Month to Date” or MTD. Does that sound right? If not, where can I find out? If you can answer that, you can skip the rest of this post, but for th…

Term Life Insurance Quick Policy vs Long Term Policy I’ve heard a lot of how whole life isn’t worth in long term, mostly from my years of listening to Dave Ramsey. So if you have a problem argument for that I’d be curious. For the most part. I’m 42 and no direct dependents. But I want to get something for final expenses and prices and nephews. A few close friends. But I wish wash on it and haven…

$15,000 Owed to University, Looking for a personal loan to transfer to Community Hey everyone, I’m 20 years old and looking for a personal loan of around $15,000 to pay off a balance owed to my private school. The school won’t release my transcript until the balance is cleared, and without it, I’ll have to retake a semester—costing me an extra $7,000–$8,000 in tuition. I’ve looked into student loans, but most require direct …

trying to have a car but deciding to lease or buy a used car so I am interested in buying the car but have the following main issues (1) costs -> I can only afford ~1700 down and I am a student so monthly payments need to probs be

Paying Taxes on Joint Account Me and my partner have a joint investment and HYSA but aren’t yet married. I am the primary SSN on both accounts. I am in a higher marginal tax bracket than them. Is it possible for them to pay 100% of the taxes on both accounts instead of me and lower our tax burden? submitted by /u/rshook27

how do i become financially stable hey everyone, as an 18F i want some suggestions on how to grow money and build enough money to buy a house when i’m 25. i know its a bit hopeful but, i dont have any uni debt bc its paid off, and i have about 15k in investments. how do i stay on track for buying a house. i also work part time as a student, a rough annual salary of 10k to 20k. …

To home or not to home? I (26F) need to move out of my apartment due to a mold issue and some other hygiene issues my landlord won’t fix. My lease is up in a month and a half. Mid-winter there are very few rentals (and by that I mean none) available that meet our needs in our day-to-day budget. So that has me looking at houses, and I found one that I just adore In a ve…

My UK student loan repayments just went up but I’m not earning any more? Hey all, I’m currently living abroad in New Zealand and have a UK student loan (Plan 2 undergrad and postgrad). I earn $90,000 NZD, which according to SLC’s conversion works out to £44,595. Up until now, I’ve been paying £196 per month, but I’ve just received an email from SLC stating that from April, my repayments will increase to £250 per mont…

Co-signing a relative’s car loan Hi redditors, just asking for clarification on a situation i’m faced in. My sister was in desperate need for her first car purchase, and I have agreed to be her co-signor since she does not have any credit history in the US and I do (I have a pretty decent credit score so wanted to help her out with the purchase). After reviewing the documents I…

Single moms after a separation, how did you plan and adjust your finances? I’m looking for advice and planning tips for this life event. I’m not seeking spousal support, however switching from a dual income to single income for supporting the high maintenance marital home that’s in my name and will hopefully continue to be. Where does one go to for advice? Outside the internet? I wasn’t money minded while married but n…

What is the best way to pay off my CCs right now? I have $2,170.85 total in credit card debt ($1,296.21 on a discover card with 9.99% APR, $874.64 on capital one with 0% interest until July ‘25) and $16,942.20 total across 6 public student loans (with an averaged interest rate of 4.2%). I have $800 in savings. I make $4000 net on a monthly basis. I want to knock out my cc debt, build an emergen…

34 yo with 50k in savings who currently rents. How can I make gains for a down payment on a home? 34m and wife 32f are married with our first born child of about 2 weeks. Currently renting and need a bigger place so we are upgrading to a 3 bedroom house for rent. Have to break our lease and not happy about it. Basically bringing my savings down from 62k to a little over 50k. I’m embarrassed to say I’m not sure what to do to increase my savi…

Anyone had success appealing insurance denials? I just got denied for a $1,500 medical bill. For those who’ve successfully appealed, what steps did you take? Did you write your own appeal? Looking for tips! submitted by /u/mahbubzone2016

Health Insurance is the only thing standing between myself and financial stability. Live in the US. I have work that pays fine enough, but they don’t offer healthcare. I pay $15k a year in premiums alone, and another $700 a year for dental. Even with such an expensive plan, the copays are nuts. I’m talking $50-$100. I have health conditions that prevent me from saying “screw it” and getting emergency only. My current tier is t…

How do I save money in the military? I’m currently 19, I’m in the Untied States Air Force and I’m an E1, and make around 1,800 a month after my 15% TSP deduction. I have only 2 bills, one being WiFi which is $65 dollars and my ticket money subscription which is $7 dollars. I have a car that’s paid off and my parents pay my insurance, it’s worth is around $13,000. I currently have 1…

I’m questioning my choice to make Roth contributions after filing my tax return I’m in the 12% tax bracket, so I’ve been making Roth contributions since I figure the worst case scenario I’ll be in the 10% tax bracket and I’m paying taxes now on my investments at a slightly higher rate than I need to. Whereas if I make traditional contributions, the next highest tax bracket is 22%, and the worst case scenario taxwise is, wel…

Large tax refund this year, adjusting withholding questions We got $9100 refund and I’m adjusting my w4 and claiming 3, the HR form says that’s $6000 more paid to be throughout the year. If we get paid biweekly would this be another $230 per check net? (I used the US withholding calculator and it was weird saying based off our paychecks this year, we’d withhold $16k extra for next year but had no adjustm…

Is now the time to move to a new(to us) car? My fianceé owns a 2015 Subaru Crosstrek, 130,000 miles on it and in pretty decent condition. Just brought it in for an oil change and was told that the cam carrier is seeping oil. Since this is a Subaru, this requires an engine out repair, quotes I’ve gotten are around $5,000. Unfortunately she bought the car in 2021 for a very inflated price be…

401k balance suddenly at zero I’m not sure what’s just happened, but one of my 401k accounts (has/had ~$7,000 balance as it’s pretty new) just dropped to zero and I can’t access the account. The only reason I know it’s at zero is because I have it linked to my credit union, so I can see the balance in my credit union app, but I cannot log in on the actual 401k site and it sa…