Should I pause my 401k contributions to pay off CC debt? Hey everyone, I’m 25 years old and make about $48,000/year. I racked up $6,500 of credit card debt over the course of about 4 years and finally started to take action about 10 months ago. I started really budgeting, got rid of unnecessary subscriptions, stopped eating out entirely, and controlled impulse spending. I froze then hid all of my cred…

Any drawbacks to using credit card for all purchases if I pay it off in full every month? My bank gives pretty good credit rewards for using my card and paying in full every month. Last year I got around $600 in free money doing this. What I am wondering is if there are any possible drawbacks to my credit score or something else I am not realizing. I basically use my bank issued credit card as my debit card and never purchase anythi…

Financial Planning to retire in early 50’s 41 M here with a similarly-aged partner and a kid in the US. Started saving in earnest around 8 years back primarily in HYSAs but was slow in contributing to 401k and brokerage accounts till about 5 years back. Annual household income of around 300k (before taxes). Current savings and investments: 350k combined in mine and partner’s 401k accoun…

My advisor is suggesting I move my IRA to an annuity a SCS with upside protection I’m a 35-year-old female stay-at-home mom (SHM). I’ve rolled over all of my 401(k)s from previous employers into an IRA with my FA. My husband, 37, continues to work and earns about $70k per year. He also has a 401(k) from his employer and a pension. We own one rental property that generates about $20k in profit annually. The IRA I’m currently i…

If your credit score is low because of medical bills, CFPB rule should help soon The rule bans consumer reporting agencies from including medical debt information on credit reports and credit scores sent to lenders. submitted by /u/redeyeblink

When can I stop and move to the woods? I am burnt out on everything. I don’t know what resources would be the best place to start my learning process. 34, ~150k salary (110base plus bonus) Expenses- under 1k/monthly including rent No debt *77k hysa due to possibly buying a house soon *19k in an old mutual fund I was gifted 30 yrs ago. I should move I’m assuming? *21k 401k/roth (just …

Very very small 401k check after being let go. What do I do with it? I was let go in February of last year and didn’t realize until like two weeks ago there was a small 401k check from a mistake I made at the beginning of my employment. I have a Roth account and didn’t want this, so I cancelled and forgot about it. I moved around a bit and this check was floating around and it finally got to me by an email notice…

Help! My father has too much debt and dementia My 69yo father has completely blown his retirement on gambling. He has refinanced his house several times and to be honest he is probably under water in the house because it needs so many repairs. He has a car note as well. He has zero financial assets. He is currently in the hospital following a major surgery and we are learning of a new dement…

I just turned 25, I have no savings. Tell me what to do. I have a checking account with $700 in it. Credit limit of $7,100 of which I’m at around $4,000. I’m opening a savings account tomorrow and putting $100 in there. I’m working to get my credit card debt down, but I’m still in school and can only work part-time (roughly 35 hours per week but this is about to go down to 25-30). Monthly expenses ar…

Lump sum payout verses monthly pension I’m 66 retiring soon. I have $700K in a 401K and $210K in another account. The company has offered a $520K lump sum or a monthly $3056 pension. Which is the right choice? submitted by /u/Equivalent-Motor-364

Er and regular hospital bill My mom recently beginning of December went to the ER and was placed in a semi private room. They charged her 11.5k for the 2 er visits she had and almost 31k bill for her room for 5 days. I was wondering what we could do to pay these bills, I know about the charity help. My mom also isn’t a citizen and doesn’t have credit and nothings in her nam…

Question about roll over auto loans I just have a question about how these work. From my understanding if I have loan for 18.5k with 13k left and my car is worth 9k that last 4k goes into the new loan of a car I would try to finace. Would I still need a down-payment got the new loan or is the toal of both loan added together minus what my vehicle is worth? If it works as I think m…

Ideas for small inheritance placement? We received an inheritance of 40k and are curious the best place to put it, for the time-being. Helpful info about us: We are not well-off and really, and live almost check-to-check. We have some credit issues with a few collections present on our credit reports. We do not have life-insurance, don’t have a retirement, and we rent a home. We own…

Over 50 and little to no retirement savings….what is your plan? For people who are over 50 and have little to no retirement savings what are your plans for retirement? submitted by /u/BraveG365

How much money do you spend annually on unforeseen circumstances? I feel like I’m going crazy with constant surprise expenses. I am married with two young kids, a dog, and a house, and it feels like every month there is another accident, injury, mistake, breakdown, etc. I’m feeling very frustrated with the amount of money that we spend annually on unforeseen circumstances. Here are just a few examples from the past year or so: – Dog ran into neighbors yard and got bit b…

Strange IRA Error at Schwab: Account with Someone Else’s Name Appeared in Our Portfolio Hi all, We recently encountered something very strange with our Schwab account, and we’re hoping for advice or insights. We periodically check on the IRAs under this account, and today we noticed an additional IRA that didn’t belong to us. The name on the brokerage statement was unfamiliar, belonging to someone living in another state, and manag…

“Receive a distribution from your retirement plan” email from paychex Background: I recently got laid off (my first full-time job right after college) and am currently unemployed. Did contribute to 401k through that employer. I received an email saying: “Based on our records, you’re eligible to receive a distribution from your retirement plan. If you do not make a distribution election, Paychex may process a…

Laid Off. What should I do with my money? I’m 30F, and was laid off today with no severance. I was not expecting this, and my goal for the next few months was to start my investing journey. Like I literally opened a Roth IRA with Fidelity a week ago, maxed it out for 2024, and then maxed it out again YESTERDAY for 2025 (and I’m still researching what to invest in so it’s just sitting th…

Single mom who posted earlier about retirement Hi again 🙂 ThANK you to everyone who commented on my previous post. You really helped me tremendously, I am no longer fully freaking out and now just a tad freaking out but much better than before! I called fidelity and they gave me two options where to invest my Roth ira money. Either the FDEWX or the FDEEX. What do I choose? Which is a bett…

Help! My mom is living beyond her means, and I don’t know that I can help her! Okay, so I think this is half venting, half actual need for advice. I am 35 and I live in a HCL area, but I do well, making about 170K A year. I live relatively modestly, but not bare bones by any means. I pay 2K for a modest apartment in a great location, I have a relatively new car that is paid off, and because of this I have a nice little nes…