What should I do with a $10k lump sum? I will be getting roughly $10k in per diem all in one lump sum thanks to my line of work. I currently have just over 3k in my savings and a 19k car loan at 7.8% interest (amongst other adulting bills). I’m not worried about any inability to pay my bills, I just don’t like having the ones I can avoid. I would like to put a bunch into my investmen…

Upside down 10k on a Mini Just during Covid my car was hit by a Buck. 17,000k worth of damage. Did I mention it was a two week old car. Mazda CX-9 Signature. So my car was impacted by the parts issue during that time so I had to get a replacement car because they said they didn’t know when I would get my car back. I needed a car quickly and got one through Carvana. It wa…

40 year old, what should I be doing with my savings I have 30k in a 401k that i’m contributing to as well as 25k in precious metals, but also have 75k sitting in a brokerage account that’s invested in t-bills earning around 4.25%. I’m also saving about 20k per year so my plan is to grow this 75k to 200k in about 5 years, and use the money to purchase a condo (there are decent condos in my area fo…

Army screwed me now I’m $5000 in credit card debt The army travel service is refusing to reimburse me for moving my entire life to my new place of duty. The AER loan officer told me I’m not eligible for a loan. What are some options on paying off this debt before the 2nd of next month. I’ve thought of taking a personal loan? submitted by /u/Ok-Thanks4056

Over contributed to my roth ira in 2024 Any suggestions? Turbotax says to sell the amount I over contributed and pull it from my roth. Im under 50 so according to turbotax the limit is $7,000 i didn’t realize i went over the cap $4,617.53 robinhood 2550.24 Fidelity 7,167.77 i contributed do i just sell a little and pull like 200$ out to not get a 6% penalty every year? submitted…

How can I calculate when I’ll catch-up on retirement I’m 40 years old, I make $100k per year and I have $147k in retirement. I’ve been investing 15% into VTSAX/VTI + 2% employer match. Starting this year I will max out HSA & Roth IRA. If I stretch my budget paper-thin I can increase my 15% to 25% & max out 401k too. How do I figure out how long it’ll take me to catch up at this rate vs. how much s…

Tax preparation and local CPAs Is it best to work with a tax preparer in State or is it just as well to work with someone in another state (Kansas for instance and I live in NJ work in CT) is it best to find someone in the metro area? Does it make a huge difference? submitted by /u/choirscore

Asking for clarity on underpayment penalties with the IRS Normally my taxes due are less than $1000. However this year I sold a good chunk of ESPP shares, and even though my W4 is set to 0 allowances, I owe a bit over $2000 and will be paying in full. For 2025 taxes, do I have to add additional withholding / do some estimated tax payments to be safe for next year in case I sell more ESPP and am again o…

Withdrew 10k from Trad IRA to purchase First home This past year I withdrew 10k from a traditional IRA to purchase my family’s first home. I have not done any additional paperwork – but I’ve gathered that there is at least one form that is required. Is it too late to attempt to avoid the early withdraw penalties? I understand I’ll owe income tax on the 10k, but trying to avoide the extra 1k on …

Car dealer ship offered to buy my car and I can choose another car worth same amount went to dealership for oil change and maintenance. one guy came to me and said how someone was looking to buy a car like mine and asked if i was interested in selling it back to the dealership (same dealer ship i bought it from) for the amount i paid for in the loan (i recently paid off the car) I told him no in that moment. wondering if this is…

36yrs old, what should I do with my life savings? Not married and wondering what I should do with my life savings. I have $50k in a money market account that gets 3.5% interest. I can remove $25k from this account to invest, while still being able to keep it open. My car is fairly new and paid off and I have no interest in purchasing property. What are some things I should be looking into inves…

Is my thinking right here, or does my spouse have a valid point about taking SSA early ? Quick situation run-down … married, and we’re both 60-61yo. I’m still working full-time, same company for 25+ years, making around $160k. I expect to keep working at least 5 more years, job is secure. Spouse “retired” a little early, because he didn’t like his job any more, and we were able to swing it on one income. He stopped working when he…

32 y/o Retirement Investments Recently started to pay attention and care about retirement saving! I know I’m a little behind and should’ve done this out of college but here I am. Luckily I’ve always taken advantage of a 401k and employers match but was ignoring the IRA. Going to do a backdoor roth asap but have a few questions. My 401k was in a target date fund and I recentl…

It’s tax filing season, so let’s talk about ESPP and how to file your taxes PROPERLY! Every year I sell any shares from my ESPP, I always look for a writeup of how to file them, and can never figure it out. I figured I’d write this up and try to help! I won’t go into the benefits of what ESPPs do, but I want to make sure you don’t get double taxed, which I’m sure thousands of people do every year, because its not up to your emplo…

Calls from supposed debt collector First off I have no idea what this could be for, I don’t have medical or cc debt or student loans. I do everything to stay out of debt by living below my means and keeping a diligent eye on my finances. Each time they call it goes to voicemail. I don’t ever pick up calls from unknown numbers, and the voicemail is a robot saying it’s a debt colle…

I need some help with debt collections that I don’t owe Super long story semi-short I tried to switch to T-Mobile about 8 months ago, but I never received a new phone from them and after going back and forth trying to get a new one I decided just to stay with my old provider. I got fully refunded for everything and the account shut down. A few weeks later I received a new phone from T-Mobile that I …

Should I buy a house outright? I’m a lawyer with very lumpy income. I have about $360k in equities and $220k in retirement accounts. Last year my taxable income was less than $20k (low six figure total income). I lived off of capital gains and misc legal work while working a fat lawsuit. Last week, I won. I should get $600-700k after taxes. I don’t expect another large amount…

Investing 10,000 into what? Hello, everyone and good morning! Just to make this short and sweet- I’ve been poor my entire life. Extremely poor. I’ve lived paycheck to paycheck continuously. In the next few months – i will be given a bit of money (around 10k). I know that isn’t a lot in today’s day and age- but I’d like to play my cards wisely. I’m looking for advice to ma…

Just invest in S&P 500? For the past decade that I’ve been working and saving with ETFs and stocks I’ve followed a relatively aggressive mix of mostly ETFs and a small amount of bonds. Most years I’ve underperformed against the S&P 500 by ~10%. Should I just go all in on a S&P 500 ETF? Feels like that just makes sense at this point. I realize it’s riskier, but seems li…

Is this the time to exit leases, or should we ride them out? I’d like a second opinion on what to tackle next with regards to debt, cars, retirement, and savings other than “everything at once.” Have a budget and track everything. Current status: 47 years old, married, one teenager (3 1/2 years out from possible college) HCOL area in US Gross of $195k/year for household (FTE + freelancing) 10% pretax go…