My car was totaled should I use that money to help pay off my credit card debt? I’ve been paying off my credit card debt for the past 6 months. I started with ~10k and now I’m down to 4.7k. My car was totaled and I received 3.7k for it. My car was owned so I didnt have any money owed on it. I need a car but it’s not urgent. I work 100% remote and I barely go out. Groceries and other things can be delivered. I was wanting to…

Financial Advisor hides Gain/Loss info on Schwab. Concerning? I’m not sure if I’m overthinking it, or if this is a common thing a financial advisor does, but my financial advisor does not allow his clients to see the gain/loss information in their Charles Schwab account. What really made me start to question it was an update to the app recently. I did have that information for a few days and I noticed tha…

I’m unsure of which bank to go with I’m 21 and have had all of my money on a pay card I got from a past job for the past 3-4 years (I know I know). It’s been fine, but the higher the number in my bank account goes, the more scared I get of something going wrong. I’m very cautious about money because I grew up poor and make next to nothing at my current job. Right now I have about …

Keeping cash in SPAXX money market account? So this time of year I have to stockpile some funds to pay my taxes. While doing that, I currently keep it in bank of america or open a CD for it. Speaking with Fidelity who I use for my investing, I can keep it in their account as cash and have it held in SPAXX money market account that currently has a 5% yield and they claim no chance of losin…

Confusion on tax implications of remaining rsu’s after sell to cover Hi all! I was confused on exactly what the B title asks. Basically I have RSU shares that I have leftover after they vested and then a portion of them sold off due to the sell to cover option I opted into. I am planning to sell the remaining RSU shares instantly to avoid capital gains tax but I was wondering if selling the remaining shares would…

Confused about broad index investing in current market (and how to position for “the lost decade”) Whether is the current market overvalued and runs on AI hype is to be seen. So, while history never repeats itself, it often does rhyme; it got me thinking about how to position myself for potential market downturns, seeing the S&P at current levels (i.e., P/E ~28), which translates to an expected yield of approx. 3%, and many companies having i…

Position Eliminated/401k I was just told that my position is being eliminated in two months. I have approximately $53,000 in a 401k that I have accrued over the last five years. When my role with the business ends at the end of March what should my next step be with this money? submitted by /u/mbish9

What is a reasonable amount of savings to have left after buying a home? My wife and I are having a minor disagreement about the financial logic of replacing my car and I could use some perspective. We are both 39 and have a combined income of approximately $240k a year. Caveat is our income has approximately doubled in the past 5 years so we are a lot more comfortable now than we were fairly recently. We have a 2.5…

What to do with my 401k if I’m going back to school? I have about 30k in my 401k account. I will be going back to school for a year, and I dont know what to do with my 401k account? Do I transfer this somewhere? Right now, I dont qualify for roth due to my income, but I guess I will qualify when I’m a student? I’m not really sure what to do. Should I withdraw? submitted by /u/Emergency_Cor…

Should I be wary about a 78 month auto loan I’m looking at buying a car to replace my current and am looking at some certified preowned options from local dealerships (can get a nicer car for cheaper). I’m looking for something only 1-2 years old, maybe 3 tops, with relatively low mileage that will last for a while. On the suggestions of many, I went to my local credit union and was inst…

How to start building credit history Hello I (21 F) am really struggling to apply for an auto loan being that I crashed my car in decemberand Im just trying to get back on my feet. The reason I keep getting denied is because of my lack of credit history. I have one card that I opened in nov 2024 and a 700-712 credit score. Now I have given up on the auto loan its defintley better f…

How much am I supposed to invest?? 2+million in bank, want to be somewhat conservative in investments but am retired so also need to survive with that money. What percentage should I save vs invest? My financial advisor wants me to keep 90%+ in stocks, the rest in savings account. I don’t feel like he’s looking out for my best interest tho. That doesn’t sound like a safe thing. T…

Trying to cash out and go caravanning. Hi, We’re from Aus, hoping still relevant. I know everyone has there own stratergies, on either keep mortgaging and keep acquiring properties OR pay off you mortgage when you can and live stress free. I think we fall into the latter category. My wife has her property (we live in) with 394k on a mortgage, we have 177k in a redraw function (to tr…

Medical bill went to collections My kid went to a Dr and even with insurance they charged me $420. I appealed and even applied for financial assistance with the hospital. They rejected my application but did not tell me and sent my bill to collections. I called and they said you still owe the bill even when applied for assistance. So now I have $420 that I owe CBE group. I know…

IRS sent me a letter that says “Statement Showing Interest Income from the Internal Revenue Service”, where does the interest get paid to? I got a letter from the IRS saying “Statement Showing Interest Income from the Internal Revenue Service” which I understand to meant that they owe me money. The total interest was $16.22, but I checked all my bank accounts and do not see this amount anywhere. Where do they normally pay it out to? thanks! submitted by /u/SeparateFly

What should I do ? I recently got laid off. I have just recently got laid off. I have $10,300 in my retirement. What should I do with it? Should I cash out or just leave it cause I am in need of money while I look for a job I’ve never been in this situation before just need some advice submitted by /u/Mysteryyygirl

How do RMDs work when passed from one spouse to another? I understand RMDs, after a certain age you have to remove a certain amount each year, and in order to reduce taxes you can withdraw some earlier. But what about if the person holding the IRA passes and the money goes to the spouse? Do RMDs start from the age of the person who originally held them or the spouse who actually holds them? submi…

How are you creating ultimate value in the short term with your money? Getting into 2025, I’m really contemplating how I can continue to make my money work hard for me and generate the highest returns in the shorter term (1-2 years). I’ve been considering just opening CD’s at my bank for an interest rate of around 4.1% for 14 months before it goes further down as the risk is minimal. I keep light funds on the side …

Is it better to accept CC increase or not in my situation? For background, I have no credit card dept at all. I pay my bills in full every month. I have very good to excellent credit. I’m also on odsp (disability). Which means I make only around 15 000 a year. Below the poverty line (thx government), not even a living wage. Many many years ago I kept getting automatic offers for a credit increase being …

Sell rental properties and invest? Long story short I own 20 apartments in several small multi family buildings in my area (Northeast) I’m a realtor and paid firefighter. I owe 3.2 million on my rentals (all at various interest rates as I’ve been buying over the last 10 years). They are worth about 7 million gross. My rental income after all expenses has reduced this year as I ha…