Recasting after lump sum?

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Recasting after lump sum? Hey y’all, got a question ’cause I can’t wrap my head around it for some reason, even though I feel like it shouldn’t be that complicated. My wife and I are planning to make a large lump sum payment on our mortgage ($30k) after a CD comes to maturity. After doing so we’ve considered recasting the mortgage to lower the necessary payment, but cont…

Reddit Personal Finance 650 2025-02-28

Retirement question 401k vs IRA?

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Retirement question 401k vs IRA? Apologies for my ignorance, currently in the process of learning about everything. I’m just turning 25 and make $102,000 annually my employer is offering 25% for my contributions and up to 20% of my income. Is it better to stick with the traditional 401k or open a IRA? I would like to retire at 60. Any advice is greatly appreciated submitte…

Reddit Personal Finance 1.2k 2025-02-28

Looking for freedom.

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Looking for freedom. Hey, I’m a 21 year old male looking for freedom, I have about 20 000 euro/usd saved up in stocks and other investments. I currently work as a painter and have realized I made the wrong decision work wise as I’ve realized my body really cant handle working a physically demanding job and going to the gym simultaneously long term. The pay is alrigh…

Reddit Personal Finance 1.2k 2025-02-28

Maxing out 401(k) all at once vs. over the year

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Maxing out 401(k) all at once vs. over the year I am thinking about deferring 100% of my bonus in to my 401(k) pretax next month. Doing so will max out my contributions for year all at once, but my thinking is that I’ll be getting the full amount rather than losing ~40% to taxes. The only downside I can think of is that by contributing over the whole year I will be dollar cost averaging and h…

Reddit Personal Finance 721 2025-02-28

Is it stupid for me to buy a house and rent it out as 20 year old?

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Is it stupid for me to buy a house and rent it out as 20 year old? I’m 20 years old with $100,000 in savings and I want to do more with my money, My mom just found this nice newly renovated 3 bed 2 bath house in our area for $250,000 and wants to rent it out. She is very trustworthy and wants to go in on it with me but I’m nervous about spending so much money. What are the Pros and Cons of doing something like …

Reddit Personal Finance 746 2025-02-28

Should I buy a Calibrite ColorChecker Display Pro for my Asus ProArt pa278qv?

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Should I buy a Calibrite ColorChecker Display Pro for my Asus ProArt pa278qv? I recently bought an Asus model pa278qv and, after 4 months of using, I feel/suppose it’s time to do a new color calibration before starting to edit a new shooting. I read a lot of info on the internet and I am super confused. I don’t know what would be worth it. Is the Calibrite Display SL already enough for the monitor I have? (I know it’s not…

Ask Photography 961 2025-02-28