I stumbled into a nice situation and I am reflecting on how it will impact my financial plan About 15 month ago I was at a decent job, I had just gotten a 20% raise after getting a promotion with a 15% raise the prior year The job was low stress but a little dull, things were fine. Around that time a former employer gave me a call asking me to come back. This would be fully remote come with another another 32% raise with work that was …

Balance transfer offers, which one is better? I am getting serious about paying off my credit card debts. I have about 14k on one card that im considering balance transferring to another card that is almost paid off. Offer 1: 0% APR for 12 months, 4% transfer fee Offer 2: 6.99% APR for 18months. 0% transfer fee After offer ends we back at 26% APR im hoping to get it all paid off before 12mo…

Help standard deduction Im doing my taxes for the first time. I turned 18 in December and it says I have a standard deduction of $14600. I only made $16900 That seems a little high? Did i mess up? I dont want to get in trouble with the irs submitted by /u/fishpiethegoat

Removing myself from my mother’s CC A few years ago my mother got a credit card through her bank and also added me as an authorized user. This was during the time we (family members) realized she was sliding into dementia. I was never given the cc with my name on it, as she then couldn’t understand why a card with my name on it was sent to her. (Damn dementia) As her daughter and …

Should I prioritize a roth IRA over a traditional 401k? I’m 27 with a income around 72k. My current job does not offer any match. I usually can only afford saving 6-7k a year for retirement. Is it a good idea to contribute nothing to my 401k while try to max my roth? submitted by /u/JojoAnthony

I’m tired of being broke. Edits at the bottom for FAQs Hello all! Sorry if this post is super long My husband (24M) and I (21 F), need some financial help. I don’t know if my budget is the problem or how to fix my current spending habits. I just know I am EXHAUSTED of working 24/7 and being broke all the time. Any help is appreciated! Heres what my payments look like a m…

Hospital told me that doctor was in network then I found out that they aren’t and I’m billed $1,000 Basically I went to see a new psychiatrist and I saw some doctors in network on my insurance site. I called the hospital and the doctors that were in-network on the site had a long wait time so they told me that they have another doctor that is also in network, this happens frequently since the BCBS site list of providers is hardly ever up to da…

Student loan debt payment: which loan should be paid first? Hello! This is my first post in this sub so I appreciate guidance if I am breaking rules so I can get some answers. For context: I am not from the US but currently living here and I am not familiar with student loan debt. I am good with finances and live frugally and my partner (from the US) is trying to catch up with his debt and pay off his st…

Does paying off my car make sense? I’m currently building my emergency savings and am on track to have six months of expenses saved in my HYSA by August. My original plan was to immediately start paying down on my car after, and I could probably have it paid off by December. The term ends June 2026 with ~4,500 left on a 2.75% rate. Would it make sense to go ahead and pay it off o…

Spousal debt help!!! My spouse told me yesterday they are currently over 90k in debt. This is the first time this has come up in our almost 4 years of marriage. Most of the debt comes from credit cards that got maxed out so they took out a loan to pay it and then continued the cycle. I want to help pay down the debt asap but I don’t know the route to take. The debt…

Are 401k Roth conversion profits offset by stock sale losses? Say I have a traditional 401k with $200k in contributions, and $50k in net growth. If I do a Roth conversion on the full amount, it would increase my taxable income for that year by $50k. If I sold stocks at a loss up to -$50k, would those losses offset the profits in the Roth conversion, thereby making my taxable income for the Roth conversion …

Went to a financial advisor about starting a Roth IRA and almost got steered into a indexed universal life insurance policy. Hey everyone, Just wanted to share my breif but recent experience and everything that Ive come to understand so far. For starters, I reached out to a financial advisor with the original intent of looking into building a Roth IRA. After the first meeting they tried to steer me towards doing an indexed universal life insurance policy as an invest…

Wife’s employer offers only a brokerage account, locked to one investment type? My wife started a new job recently and we were told they “offered a retirement account with 60% match up to 3%”. She has invested into it for about 6 months now and I noticed on her W2 it was not a 401k, it appears to be an IRA brokerage account. Digging a bit they ARE matching 3% of her investment, but it’s all into some weird Fidelity advisory…

Does it ever make financial sense to rent instead of buy a home? Can I ever come out with MORE money in the end if I decided to rent? If so, how? Or will buying pretty much always lead me to more $$$ in the long term? I own my first home right now and want to move. I want to be closer to a city, which almost makes rent be the only option in my budget. I probably will never live in a state longer than 5 years …

RSU tax question. Sell shares or send in my money? 12 months ago moved to a role with RSU and gotten my first grant. Fast forward to now 1/3 will be vested. Of the vested amount, I’ll have the option to liquidate ~30% to pay for tax, or send them a check. What’s the preferred, tax advantage option to handle this situation? Edit 1: thanks all. Consensuses here are teaching me from a tax perspect…

What are the savings buying a used car vs leasing Example Sensible lease 1k Down $300 a month lease for 3 years (Chevy trax, entry level Kia’s/Hyundai’s etc.) Used car: Lets say 15k? Interest rates on used is roughly 10% now. Say you put 4k down on a 15k car. This would be a car with decent reliability (2015~ Mazda 3, Civic, Camry etc.) you have to pay for repairs too. How much are you really s…

Conflicted between larger emergency fund vs investing more in the market I’m fortunate enough to be able to max out my 401k and IRA. In addition to that I used to put everything else extra in the market. A few years ago I purchased a house and sold everything in my individual brokerage account towards the down payment. At that point I had a tiny e-fund so I started putting extra money towards that instead. Had to pul…

I think I’m limiting my career/income to stay safe with a pension. I (39/m) have about 12 years into a pension (2x the number of years of service x average best three years). No COLA. Current average is 90k. Current investment into pension is 70k. Current salary is 94k with 7.5% going into pension and 15% going into a low fee target date 403(b). 403(b) only has about 50k because when I was younger I heard “pens…

Wife receiving UK inheritance while living in the US. So my wife is set to receive an inheritance from her Aunt and Uncle passing away. We live in the US, my wife is a legal resident. Her inheritance after everything is liquidated, is estimated between 1 and 1.5 million US dollars. We already plan to get someone versed in both US and UK inheritance laws, the lawyer/solicitor for her Aunt and Uncle…

Should I pay my car off early? For context, I am 21 and I bought a car last march. My loan is at 6.2% for 60 months (no early payment penalty). I have about 20k left to pay off. I was thinking about paying it off in 1 or 1.5 years earlier so I can pay less interest. I have about $30k in ETF’s and HYSA and about $9k in stocks and I make about $72k pre tax in nj. My only expens…