Transitioning Taxable Investment to Retirement Accounts I have around $200k in a taxable mutual fund. I’m thinking of starting to sell off some of the mutual fund every year so I can afford to max out a Roth 457b ($23,500) and a Roth IRA for both my wife and myself ($14,000). My salary is $89k and after HSA and 403b contributions, my taxable income should be about $60k. My wife stays home with our ki…

Should we recast or hold onto our money? Hi everyone! Heres my situation Bought a home in Chicago for 380 at around 7%, but because Chicago taxes are a bitch, my monthly payments are HIGH, 3200! My husband and I made good money and we also have a renter paying 900 a month. That said, we work in tech and have some anxiety about the stability of our high paying positions. We would also …

31 years old and have my 401K with fidelity. 55% large cap, 25% small mid, 20% International. Should I keep my portfolio as is or change it? 31 years old and have my 401K with fidelity. 55% large cap, 25% small mid, 20% International. Should I keep my portfolio as is or change it? submitted by /u/Silent_Programmer_81

Backdoor Roth mess-already put on money last year Hi, Can someone guide me with this? I maxed out my Roth IRA last year, realized now that we (spouse and I) are not eligible due to our AGI. What can I do now to fix this? Thanks submitted by /u/gondhal

Stolen ID & debit card, suspect cashed a check at our local bank Hello everyone, Want to get your opinion/advice. 10 days ago my wife’s car was vandalized. Busted window, wallet stolen (had her DL, debit card and one CC). It was a string of break ins that day and unfortunately we were parked in an unlucky spot. Cops were already on site. We immediately lock the CC and call our bank to lock the debit card. Fas…

Is it better to keep a small amount of savings for emergencies or pay off the credit card 2 months early? I have about $1000 in savings. I have 5185 in credit card debit with a 17.4 rate. I am on a repayment plan that pays 677 towards my credit card monthly with 1 additional payment of 260 (per paycheck, 1 month has 3 paychecks). Im trending to pay off the card in 8 months. We are putting $100 in savings per month and plan to convert the 677 debt r…

Insecure about retirement/second marriage I’m 51F, second marriage, in a pickle with future retirement. We’ve been married for 5 years. Me: 51, 80k in traditional IRA, will receive $1500 p/m pension starting summer 2026. Second Husband: 53, 102k in 401k, no other retirement. We have a house worth 900k, mortgage is 530k. Bought the house 3 years ago/3.2% and have done significant remodel…

Stick with current job, or go be an Accounting Manager for 600/month extra after health insurance increase? (23/TX) I’m 23 (turning 24 soon), engaged, and my fiancée is a stay-at-home mom with our baby boy. We’re saving for a house, and I’m working on my CPA goals. Right now, I’m a financial analyst at a hospital making $75K. It’s just me and my boss handling accounting for the location, so it’s a small setup. The role is new, and my training has been kind of…

Business started in July (UK Tax) Do I need to register for self assessment before 31st of Jan? Business has only made £2300. Sorry if its a stupid Q I’m a newbie. submitted by /u/AdhesivenessEven7287

how did you afford to go to school while also paying bills? I’m 20(M) currently going back to school for finance and seeing if it’s the best decision. I currently have about $10k CC debt and working around 36 hours a week but if I go back to school, I’ll be working way less. If I work less I won’t be able to afford my bills such as rent, car, etc. Should I take out a personal loan to pay off that debt or…

Deciding on if living alone is a good decision financially Hi all, I’ve been debating if living alone is financially responsible decision in my case. For context, I work in tech sales, so although I do get a base pay, my monthly income also does fluctuate and is different every month based on commission from sales I make at my job. My base pay is $74k, and after maxing out my 401k every month my take h…

Looking to save for the future with my girlfriend: best methods? Pretty much going as the caption says. I was talking to my girlfriend (we’re both 22 almost 23) and I was looking to save for our future. I suggested opening either a HYSA or CD and we each contribute anywhere from $250 – $500 a month in it. Any suggestions or recommendations in which one to open? Might be a dumb question but if so any recommen…

new job doesn’t offer 401k, what should I do? i’m a bartender and my last job offered 401k, i have around 4k saved up. i also have credit card debt that withdrawing my money would erase. what should i do? submitted by /u/potatopancake1234

I undershot my first salaried job and now I’m super disappointed. I cannot stop thinking about how I messed this one up. I have been in the job hunt for 2 years and have been experiencing a lot of rejection. Some back story: I have worked at a restaurant for over 7 years with no real desire of going into a salary position because the demands didn’t fit my lifestyle. I was asked about moving up to management ma…

Just got my first full time job at 18 So I just got my first full time making $50k a year. I’m going to school full time too and I’m a little overwhelmed with how I’m supposed to manage the money because I have bad impulse control that I’m learning to manage but I can’t just have it all sit in my checking account. I’m familiar with investing and I’ve traded options in the past and m…

How to help my dad with credit card debt? My dad is quite old, and he doesn’t have a lot of savings. He has a small pension and 401k that he hasn’t taken out yet. He is currently 5 thousand dollars in credit card debt but only works a minimum wage job a few hours a week. He is relying for the tax refund to pay off his debt but I doubt that would help as much. Any advice is appreciated. …

New $40 American Express Ames gift card says $0 balance I just got a new prepaid gift card from my local cvs. I just opened it and activated it. But then I checked the balance on their website and it says I have a $0 balance… this is ridiculous and I’m so mad and confused as to what the problem is… what do I do? Am I screwed out of $40 now or is there something I can do to fix this issue? submitt…

Debt, savings, and how to do this in your mid twenties? 26F, married for 5 years to a 26M. No kids. We made some pretty poor choices in our early 20’s and we’re now trying to climb out. Here’s the situation: Just moved back in with parents so we can focus on fixing the mess. -Husband is getting out of military next month so his income is up in the air- has job offers but nothing concrete yet. I ma…

Is 401k even worth it with zero match? 32 USA, I’ve always had a good handle on my debt and savings, but just wanted to get yalls opinion on my retirement. My company offers 401k program but with zero match to my knowledge, so ive always figured it wasnt even worth it. Additionally I haven’t really had to much effort into IRA items as my national union has a fully vested retirement p…

401K not offered immediately at new job As title stated, had a sudden change of jobs (company got sold) and the new employer doesn’t offer 401K until 1,000 hours worked. Based on my hours, it’s about 9 months. Once able to, they match at 4% and fully invested Currently I do 13% (5% Roth, rest regular 401). I also put 10% into a HYSA I’m really clueless on what to do until I am able to…