Please give feedback on my and my wife’s financial standing. Hi Guys, I was hoping to just get some general thoughts/feedback/recs on me and my wife’s current financial profile and maybe potential recs on how to more efficiently allocate our capital? Salaries combined= $160k Monthly Total mortgage payment = $1,850 Student Loan Payments = $500 a month Car Payments = $500 a month Liquid cash in bank = $80k …

Asset Allocation for a 10 year portfolio I am 54m, planning to retire in second half of 2025. I have a deferred compensation account that will start a 10 year distribution in 2026. It will cover all my expenses. I have other assets that I don’t plan to touch while getting the deferred comp distribution. My question is on how to set up proper asset allocation for the deferred comp accou…

My landlord wants to be paid via ACH transfer but my bank (TD) doesn’t do ACH from personal checking accounts, only from business accounts Is this the case for all banks or should I switch banks? submitted by /u/justiceryman

Requesting some Backdoor Roth clarifications. I have some questions about a backdoor Roth IRA situation that I would love to get clarity on. This applies to both 2024 and 2025. So here goes: I am clearly above the income limit for 2024 to make Roth IRA contributions. I was considering contributing via the backdoor Roth IRA, but I remembered that I stupidly rolled a previous employer’s 403(b…

Will we get a bill if we were never seen at the ER? They also never asked for our insurance. Over the last couple of months, my husband has started having some mysterious allergic reactions to things that we don’t understand. Tonight, he took a bite of some fancy cheese and immediately started feeling like he was having another allergic reaction. I immediately grabbed two Benadryls that he took within 3 minutes of having the reaction. A…

Need suggestion in managing household funds Me and my wife earns collectively 3.50 Lakhs per month. We have home loan of 75k per month and doing SIPs worth 70k per month. Have two person loans so paying around 50k there as well. Approx 25k goes in groceries and other household items. What could be the other ways to invest the remaining amount (around 1 lakh+) which will yield better retur…

Setting up my daughter My boyfriend passed away last year and he left our daughter a little over $100,000 so that I can take care of her. I’m currently in the military and have steady income but I want to know the best way to save and manage her funds to best help her and set her up to have money for college or whatever she chooses. Edit: She’s only a few months old a…

Can we afford this mortgage? always a difficult decision We purchased a home after selling our starter home because we desperately needed more space with one child and another one on the way. We moved from a more expensive state to a cheaper state but currently make $125k net take home combined, and our mortgage is $2800. Would love some advice on percentages on this and if this is reasonable, we obvi…

Mom just passed. Medicaid keeps calling about submitting an application. Should I go through with it? My mom passed last month from cancer. While she was alive she was in the process of reapplying for Medicaid. She was originally kicked off because she had too much saved (barely enough to pay 3 months of rent but I digress). Since she has passed, some lady from the hospital keeps calling me regarding continuing with the Medicaid application to …

I got wrangled into an Equitable Annuity – Am i screwed? Long story short i got wrangled into a Equitable Structured Capital Strategies PLUS 21 – Traditional IRA. I’ve been reading a lot of mixed opinions on this annuity. My money is going to be tied up for 6 years. Is the fund doing well or am i going to be severely behind on my investment after 6 years? It seems to be doing pretty good? my quarterly…

Pennies Earned Pennies Saved I have been saving pennies for years. I don’t know how many I have but it’s a lot. Now that the penny is discontinued should I cash them in? Or will value go up as they grow rarer? Or will they become worthless since they are no longer issued? Anybody know? submitted by /u/debmacathome

How was my debit card stolen when I’ve NEVER used it prior? I have a debit card for an account that is used for drafting payments for utilities and other fixed monthly payments. The debit card sits in my home in a safe, I’ve never used it and it’s never left the house except in the envelope it shipped in. I live with nobody that would be able to access the card or would have taken it to shop, it’s physic…

Beginner investor- don’t know where to start Just like the title says….i recently opened up a brokerage account with fidelity. I already have a 401k through them from my job but I wanted to do some of my own investing. Current situation: -All of my bills together outside of credit cards are probably around 1700. I make about 2400 post tax and I have a second part time job just to pay of…

Help me catch up for retirement I’m 58 and do not have anywhere near enough money to retire, I have a good job I think but I’ll never catch up from all my bad decisions, I tried twice to start a business and failed both times, and it ruined my credit , my savings, and I’m paying off the IRS too. I’ve learned im not an entrepreneur, so that’s not a good solution for me, but I n…

Cash out RSU’s from volatile company and reinvest? Little background. 40yo, married, 2 children. Single income around 90k. Own my home, have zero debt but not much in retirement savings or investments. Current investments: Put 12% in 401k, around 60k in it and 3% in HSA. On top of my 90k I am also compensated in RSUs. The stock has been extremely volatile the past 5 years, the stock has risen …

Terminal Cancer – Live off my 401k? Hello, I am looking for some financial advice. I have terminal cancer (Multiple Myeloma Stage 3) and will reasonably be deceased within 3-5 years. Most likely sooner. However, I want to use that 3-5 years time frame of reference if possible. I am also disabled from multiple broken backs from the cancer eating my spine away. Treatments and medica…

My 74 year old mom Inherited a 403(b) As the title says, my 74-year-old mom inherited my sister’s 403(b) after her passing late last year. The account holds about $75,000, and we’re unsure about the best course of action given my mom’s age. A rollover IRA seems like a viable option, but we’re uncertain about the specifics or if there’s a better approach. Any advice would be greatly …

What can I do to ever retire 35k a year? Make 35k a year. Put 10 percent in 401k. I don’t see my income going up soon as I have many health problems and can’t relocate or work anywhere different. All other saved money is for emergencies. submitted by /u/Cool_Contribution_47

55 laid off from software job, live off 401k I got laid off a couple weeks ago. I have no debt no mortgage no credit cards no car payment. I don’t think I’m going to be going back into software. Several of my friends have been laid off for months and not able to find work, nobody wants a middle-aged developer. I have a little over $500,000 in my 401k I am thinking about taking half of it a…

Concerned I am overly focused on retirement in the form of a pension. I (39) have about 12 years of time (and $70k) invested in a pension that will payout 2% for each year of the average salary of my best three years. I make about $94k a year with regular 3% raises and summers off (psychologist for a school district). I am also a licensed psychologist currently limiting the number of clients I see to no more than …