What qualifies as “earned income” eligibility for a IRA? My sister in law works for a non-US company and was hired outside the US as well. She likely won’t get a W-2 and may get a 1099. Can she still open up and contribute into an IRA? Her company does not offer a 401k. She’s only been in the US for a few months now and I’m trying to get her set up for success. Thank you submitted by /u/bluehe…

I am settling a lawsuit and I want to know how to grow my money. I am 25 and suing my old employer and I am expected to get roughly 20k. I have my own home, no car payment and only have approximately 2k that I owe on credit cards. I have about 4k in savings and I need help figuring out how I may be able to grow this wealth to set me up for the future. I want to get a different home and we have and estimated 4…

First Investments with 15k I am 19 and have 15k to invest. I am an engineering student and will have my student loans covered by my parents. I also am working a part-time engineering role (accumulating up to 65k depending on how much I choose to work while studying). I am wanting to put my money into high growth ETF’s / Index funds as this would instantly diversify my por…

both parents might pass away and has house to leave to a 10 year old i hope this is the right group. my wife has cancer and im in poor health. if both of us passed away, how do we leave our house to our kid? submitted by /u/Penposter

Sold Car to Carmax. Debt collector after me Hi ! Wanted to some advice. For years ago, i stupidly cosigned a car for my then boyfriend (2017). In 2022, he sold the car to Carmax. I’m thinking that everything goes well, happy to have the car off my name and hands ( he was very irresponsible, didn’t make payments on time). End of 2023/ beginning of 2024 i get a message from a debt collector…

VTSAX 10yr Performance: Yahoo Finance vs Fidelity Yahoo Finance says VTSAX 10Yr performance: 12.49% Fidelity says VTSAX 10Yr performance: 13.15% Can someone help me understand why they are different? submitted by /u/titan1978

Balancing debt with upcoming large purchases – looking for advice So I came into a small windfall of money and was looking into what I should be using it for, I read the wiki but it didn’t fully cover everything in my situation. The short version is that I was unemployed for about a year, I blew through my emergency fund and racked up 25k in credit card debt. I found a decent job, over a year and a half that d…

Received a 2024 1095-C from an employer I stopped working for in 2023 So I worked for this employer until May of 2023 but did not have any coverage of insurance after January 2023 due to dropping hours to student teach. I did not work a single day for this employer in 2024 but received a 1095 c with codes stating I wasn’t employed as of October 2024. I know they are not necessary for filing taxes but is this a con…

Should I Buy or Rent? Or wait longer to move out? I’m 24, working full time with $67,000 salary. Savings are: $300,000 in Savings $16,000 IRA $42,000 401K Car paid off Now I am at the point I feel I should prepare to move out of my parents. Of the $300,000 I would be willing/able to use about $200,000 of that towards the down payment, given that with a 20% down payment it’s unlikely I would qua…

Ynab vs cashew- apps I’ve been using Ynab for the past 7 years or so. It was nice when it was free and then when prices went up urgh but now it’s ridiculously priced. My son downloaded cashew and from the start it seems like it might be good. Anyone with experience can tell me how they compare? What does ynab have that cashew doesn’t? submitted by /u/Miserabl…

Confused why I’m receiving FSA Reimbursements I have an fsa in which I chose a certain amount to contribute for this year, and a certain amount is allotted per paycheck. But in January and even this month I kept getting automatic reimbursement/deposits of fsa funds to my bank. I am not understanding why this would happen-why wouldn’t the funds stay in the fsa for the remainder of the year,…

School Healthcare Problem I found out that my school enrolled me into a healthcare plan despite me already being on my parent’s healthcare plan. Am I still enrolled in my parent’s healthcare or did I get removed because the school enrolled me in a different healthcare? submitted by /u/Minecrafter2976

Moving out of parent’s house at 18 I (17F) and my boyfriend (18M) have been planning to move out of both of our parent’s house for a year. We both work in the service industry (i am a host and he is a host/to go specialist/food runner). Together we make around 3.2K to 5K a month and we have 9K in savings all around. I turn 18 in a few months and we both attend community college (…

Fund a roth IRA with a traditional IRA I have a traditional ira that i funded with my work 401k.i will be 70 years old soon. I was thinking of getting a roth ira and use the money i take out of the traditional IRA to fund it. Is this a good idea? submitted by /u/Dependent_Order_3173

My employer contributes 15% to my 401k. Should I invest more? I recently got a new job. I am 23 years old. This is my first job with a 401k and I am brand new to investing. My employer automatically contributes 15% of what I make, to my 401k. This doesn’t come out of my paycheck. They don’t do any kind of 401k matching. I have read multiple times that 15% of my income is what I should be saving for retire…

Can I put 100% of my second jobs income into 401k A second location of my main job got sold off and I stayed on part time to help out. It doesn’t contribute that much to my income but it helps me career wise as it gives me a little more sway with the distributors I order through by representing more of their accounts. Problem is since I only grossed like 7.5k from the second job their accounta…

Doctor Office sending my dad’s bill to collection, but they’re not submitting the claim or crediting payments This is an in-network doctor 2 issues with the bill: 1st: dad visited doctor summer 2023, gave them his new insurance card for 2023. we paid the co-pay. dr office submitted to his old insurance from 2022 in error, and the claim was denied. we mailed them another copy of his new insurance card front and back, and wrote them a memo saying this is …

I want to invest my savings! Where ?! I have been putting about 250-400 into savings every month (I work in sales and very lucky I am able to do this) but my money is just sitting there and not doing anything and I want it to grow. As a first time investor, what should I be researching into and where should my money go that will be low risk? submitted by /u/Prestigious_King_…

How should I manage my money now I will be getting more? I am 25 currently and I will soon be starting a job that will be over trippling the asset value I will recieve in compenation if you include stocks and cash. I have never had to manage proper budgeting before as until now ive rented my bedroom from my parents but now I will be moving into a job which will pay enough to alow me to save and live …

Question about paying off debt and stock question I am just starting on my finance journey so forgive me if this is a dumb question but I owe 794 dollars on a personal loan (my current car) i have no money in savings and 408 dollars in my checking account with my monthly minimum of 213 coming up on the 13th however I know this is stupid but I recently got access to my account from a previous em…