Any Benefit to Not Cashing Out Inhereited IRA with Req. RMDs?

( www.reddit.com )

Any Benefit to Not Cashing Out Inhereited IRA with Req. RMDs? Ive been researching this and i can’t find a reason not to just start the process and start cashing this out over the next few years and paying my taxes on it. Is there anything I’m not thinking of where it would benefit me to slow play this? I inherited an IRA in mid December of 2023 and started freaking out. I had just enough time to research…

Reddit Personal Finance 531 2025-02-26

Where to allocate bonus ?

( www.reddit.com )

Where to allocate bonus ? Hi everyone. I’m expecting a bonus of 7.9k pre tax. So I’m guessing it will be closer to 4.2k post tax. I’m not sure where to allocate the money to. Should I pay down debt below ? I’m also saving for a wedding next year and this is about 1/4 of my budget I plant to save. Any help would be greatly appreciated. Credit Card Debt: 7.3k (no APR unti…

Reddit Personal Finance 987 2025-02-26

401k to rollover ira

( www.reddit.com )

401k to rollover ira I have a 401k from an old employer through T. Rowe Price. I have the hardest time trying to understand what anything means involving retirement and investment accounts. I just don’t get it and it’s incredibly frustrating because all I want is to simply move my old 401k to a rollover IRA account. I don’t want to use the institution (USI consultin…

Reddit Personal Finance 920 2025-02-26

Am I being ripped off by being pushed into a Whole Life insurance plan?

( www.reddit.com )

Am I being ripped off by being pushed into a Whole Life insurance plan? Hi y’all, I’m very very new to getting a hold of my finances and I’m pretty sure I’m being taken advantage of here but I want to be sure. My friend asked me to take her bf up as a financial advisor some time ago and while he gave some good advice (explaining the concept of FDIC insured accounts, Health Savings Accounts, Disability Insurance etc…

Reddit Personal Finance 456 2025-02-26

When Does “House Poor” No Longer Matter?

( www.reddit.com )

When Does “House Poor” No Longer Matter? The general guideline is that you shouldn’t spend more than 30% of your income on rent or a mortgage. But that assumes that all of your other expenses increase proportionately as your income increases. Lifestyle creep is real, but someone making $120K per year doesn’t necessarily have 2x the expenses as someone making $60K per year. Is there a c…

Reddit Personal Finance 1.2k 2025-02-26

Is it worth freezing credit if I am a former international student in America

( www.reddit.com )

Is it worth freezing credit if I am a former international student in America I was an international student in America in the past, and now I am back in my home country. I was a grad student and received a SSN for working at the school. I don’t know if that number is still active or anything. Also, I have an American bank account and credit card from those days, and still use them for online purchases from time to time. …

Reddit Personal Finance 1.2k 2025-02-26

Should I have converted old 401ks to new 401k, not Traditional IRA?

( www.reddit.com )

Should I have converted old 401ks to new 401k, not Traditional IRA? I think I messed up for 2024 taxes. I converted multiple old Trad and Roth 401ks to my Traditional and Roth IRAs towards end of 2024. My traditional IRA now holds $160k. I did a backdoor Roth conversions in 2024 as well for the full limit. (Same as 2025 and other years but I’m concerned with the 2024 tax year) Reading up on pro rata rule, it loo…

Reddit Personal Finance 896 2025-02-26

Gambling addict mom is chipping at my bank account

( www.reddit.com )

Gambling addict mom is chipping at my bank account I’m a 19M college student and my mother is a narcissist, an alcoholic, and has a bad gambling addiction. She makes a six figure salary and I make minimum wage at my part time job. She’s been an alcoholic for years but the gambling is a new addition to all of this- and something I’m not really sure how to handle. My mom doesn’t like me much so s…

Reddit Personal Finance 662 2025-02-26

Shack Man – What Happened Next

( elsaelsa.com )

Shack Man – What Happened Next Catch up here – Shack Man Chapter Four – What Happened Next The calls kept coming, but the whole thing continued to have a hologram feel. I was both weary and stimulated by it. At times the conversation was intimate. No, not overtly sexual, but he’s a man and I’m a woman and many times I Source

Elsa Elsa 654 2025-02-26

Shack Man – The Plan

( elsaelsa.com )

Shack Man – The Plan Catch up here – Shack Man Chapter Six – The Plan He laid out his plan for our first date. It was a pure fantasy. It was obvious I was in good hands and abundantly clear he’d been listening to me all along. I noted the information he gathered from various questions he’d asked over the Source

Elsa Elsa 758 2025-02-26