Stop paying credit card debt for elderly parents? I recently learned that my partner’s parents have significant credit card debt across more than a dozen accounts (>$30k). They are nearly 80, on social security ($4k/month), have little additional income (part-time jobs that pay about $1000/month), have zero investments or retirement savings, and they have no saving account. Their apartment is $…

Trying to understand this chart my advisor provided showing my portfolio’s performance. Did I beat the market? https://i.imgur.com/kQiF5tK.png I asked my advisor for a report comparing my portfolio to the overall market or a benchmark index. I got a long PDF with lots of information, but I think this chart is really what I’m looking for. This was as of Nov 10th, 2024. I’m trying to understand how my portfolio stacks mainly against the S&P 500, which this…

Savings vs investing ratio Hi! I’m 26 and have a good amount of saving + investments. I have around 50% invested and 50% in savings. The investments consist of my 401k, Roth IRA, HSA, and personal investment accounts. The savings consist mostly of a high yield saving account and my checking account. My saving recently got to around 100k, and I’m wondering if I should star…

I am just starting to plan and save for retirement, but I am 61! Where do I start? All my life I did just enough to get by, I never had any savings, IRA or 401k or even life insurance. Now my life is changing on a dime. I am selling my business for $350,000 as a lump sum and they acquiring company is hiring me at double the salary I was making before (60k). Where to I start? I figure I should get an IRA and contribute to 401k…

Making big purchases while home shopping – impact on mortgage approval? We started looking for a house and got pre-approved for mortgages last week. After meeting with our realtor, she shared a packet of information which said not to make any big purchases. I’ve also now seen more of that advice online. The problem is, we have some big purchases that are rare for us already in motion (engagement ring, cruise, flight…

~60k cash. Where should I put it Hi, I have approx. ~60k sitting in my HYSA and I’m afraid I’m losing an opportunity to gain bigger interest on that money as of right now (3.99%). I do not own a home but am planning to buy in next 2-3 years and I have been saving up for a down payment. That being said I want to have a quick access to that money, if that makes sense. I do contri…

HDHP Plan with Kaiser – HSA Question I recently switched to an HDHP plan so that I can open a HSA. I am paying for it myself, not through my employer. I read somewhere that if it’s not through the employer, the health-insurance company may contribute a portion of my premium to my HSA. Is this true? Also, any recommendations for where to open an HSA? I anyways would like to do it be…

Signed up for Whole Life Insurance Policy. How bad am I being taken advantage of? I met with a financial advisor from Northwestern Mutual last July. I am relatively new to investing so I heard what he had to say. He put $115,000 in a mid level investment account. He had me max out my Roth IRAs. Then he had me signed up for Term 80 Life Insurance and Whole Life Insurance. The annual premium for the Term 80 is $328. However the…

IRA / 401k do I combine? Hi all, I have an IRA with 100K+ in it that I converted from a 401K with a former employer. I now have a new employer and have started a new 401K that has a few thousand in it. Is there any benefit to merging the two accounts and bringing over funds from the old IRA to the new 401K? Any other tips or strategies are appreciated. Hi all, I have a …

$1k+ urgent care bill. What do I do? In March I went to an urgent care at a big hospital. They’re considered an urgent care and emergency room in one so my bill was over $1k for them to say it wasn’t anything more than a virus. I got a price breakdown and it’s still the same price. It’s gone to collections and I got a letter from a law firm but with me being unemployed I can’t affo…

Gut check on paying down mortgage to remove PMI We pay $80 a month towards PMI. We’re also approaching 80% LTV. We wanted to pursue a BPO to get it removed early, but our lender indicated that without “significant improvements” we’d actually need 75%. The alternative is to pay down the principal to get to 80%, which is about $4,000. Our interest rate is only about 3% so it feels crazy to pay …

Work changed 401K match from bi-weekly to annually. Seems like a shitty thing to do, but should I adjust anything with my 401k based on this? In the past, I’ve been trying to max my 401k throughout the year. The match would be between $4.5k-5.5k and be paid at the end of each year. Thanks for any feedback! submitted by /u/Gullible_Pen4056

Financial Advisor – Do I Need One Hi Guys, I’m wondering, at what point do you feel a financial advisor is needed. For some background, I’m 46 (if that matters), have a 401k, Roth, a little crypto, some savings, sell a few grand worth online every year, drive uber part time… I’ve always done my own taxes but this year it seems like they might be more involved. I don’t really …

20 and 4k in credit card debt I am aware this isn’t that much; I’m thankful for that but I want to get out of it asap. A few months ago I lived across the country wirh my ex, but then had to move out for tbe sake of my mental health (I was being abused) and live with my family again. Naturally, I lost my job there because I didnt live there. Had to ship my car across the co…

Need some help understanding this So I work a shitty job made 31525 this year paid over $6k in taxes and only getting back $25 on my tax return 2023 I only worked 3 months was making $2 less an hour and got nearly $500 in taxes please help submitted by /u/fckevery1

I found a 20 year old mistake by my morgage company with my escrow money I have just found that my morgage company used my escrow money and paid someone else’s property taxes twice 20 years ago. What can I do? submitted by /u/Constant-Oil-9484

Mutual of America Withdrawal Confirmation I have some retirement with Mutual of America. I checked my balance today and it was 0.00. I called Mutual of America and they told me the withdrawal was done by my former employer, but it’s still managed by Mutual of America and the money is still there. They tell me I should see the updated information in 7 days. Has anyone else encountered t…

Bought a nice car… and then I got a remote job. I am kinda on a lower income, about 45k/year as an early 20s woman. Got into car crash, car was totaled, had a job that was a 40 min drive just one way, so I got a 2023 Nissan Rogue (not a nice car I guess in the sense of what some of you talk about… but very nice for a new teacher haha). I can afford it fine… but I really only got it becaus…

Is my company screwing us with new 401k plan? I currently work at a very small company in North Carolina. We used to be around 25-30 people but the past 8 months we’ve seen a mass amount of people get forced into 1099 roles or leave the company due to changes in management, poor culture, and a CEO who puts profits over his employees. One of the few bright spots of working at the company was…

Should I cash in a UL policy bought for me as an infant? Should I cash in UL policy bought for me as an infant? I am in my early 30s. I have a $25,000 death benefit UL policy that was purchased for me as an infant as a gift from my grandfather. The cash value is ~$2,500. Based on current rates the policy will sustain itself with no payments until until 2076. I am in perfect health and already have a $…