What should I do with my refund? I’m 24 and expecting a tax refund of over $2000. What should I do with it? I’m currently on track to max out my Roth IRA before I become eligible for my employer 401k match (I’m throwing all of my retirement savings into my IRA until then). I have no debt, I have roughly 8 months of expenses in savings, I am not looking to buy a house or new car…

Can someone explain to me how Neteller works? I want to sell something online and neteller is the only disbursement method I can use, unfortunately they dont have paypal. Basically I just want something that works like paypal, I’m not sure if neteller works that way, Im overthinking maybe funds wouldn’t immediately go to my atm or my bank if I have transactions processed thru neteller. …

Should I open a Roth or wait until I have more money? I’m 24 years old I still live with my parents, due to the fact that I need a better car to get to a better place to work(I am saving up to buy and good car without a loan I have about 15k in my area a good used car that I want is about 17k). I am paying 2 federal student loans (which combined are like 5-6k) I have a 401k. I think I should at lea…

Ex step dad might be getting grandparents portion of estate??? I need help with wills/probate (?) To start from the beginning – My mom passed in 2009. Married to my step dad. She had a will, and as far as I know was never executed. Anecdotally, my step dad was a piece of shit. He disappeared from our family mere months after my mom passing. Poof he was gone. Fast forward to today. My grandma passed to join …

UK citizen moving to US: Should I 401k? Hi there, I’m a UK citizen moving to the US. While I don’t know what the future holds and if I’ll stay in the US a lot longer, I currently have plans to move back in 4-5 years. With this, is it worth me putting money into a 401k? From what I can see, I face penalties if I take it out before my retirement age. Any advice would be hugely appreciat…

Inherited IRA solely in cash: How to maximize growth and minimize tax Hello, I recently inherited roughly $200k in the form of an inherited IRA solely in cash/cash investments. In other words, it’s not in the market, and I’d like to begin investing it asap in the form of a brokerage. Is it better to: A) Transfer the entire $200k into a brokerage immediately, suffering the tax increase for this year B) Transfer it …

How to rollover my wife’s old 529 into our daughter’s 529 plan My wife and I are trying to move the money from her old 529 account into our daughter’s 529 account. Our reason for doing so is that her 529 is with a financial advisor that charges high fees (was originally setup by her parents for her college fund). My wife’s 529 is now in her name as the owner. Our daughter’s 529 is under my name as the accou…

401k Auto witthdrew after company was acquired Hello, My company was acquired by a larger company in October of 2024. I left my 401k (over 300k) in my Fidelity 401k account. The company who purchased my old company uses T.Row. Today I checked my Fidelity account to see all of my 401k has been withdrawn. I tried calling Fidelity but they are closed, kind of panicking, I don’t want to withdr…

Money dilemma regarding car repair I’m scared. I am a caregiver for my 33 year old son, who is on SSI. I found out I can drive 120 miles round trip to donate plasma for extra money, but my car is a 2006 Altima and needs a little work. Also our homeowners insurance is going to go up in April. We’re barely making it now. His father is rich man but he doesn’t care about us. I take…

To save enough to retire at 65 I won’t be able to buy my first house until I’m so old that I wonder if it’s worth buying at all I am in my early 40s and am way, way behind in saving for retirement. I’ve calculated that to live the lifestyle I want in retirement (spending about $10K/month), to be able to retire at 65 I need to save the $23K annual max in my 401(k) plus about $4,500/month. This would leave me with only about $10,000 for regular savings at the end of each y…

What is the best way to get a second vehicle? I’m thinking about getting a second car but I know how expensive they are. Is there any advice for best practices when getting a second vehicle? The reasons for getting another are work because my wife already commutes and makes good money and where we live doesn’t have great public transportation or opportunities and I’m thinking about looking …

Rebuilding Finances after Addiction Hi folks! Like the title says, I am in recovery and doing better than I ever have after 10+ years struggling to get clean. I’ve done a number on our finances multiple times, but the m I’ve had several major treatment breakthroughs and finally just know in my bones, in my heart and soul, im ready to be done. The previous few times I always still…

feel behind and not making enough money for my age I’m 20(M) currently making $35k a year and feel like i’m behind because of mistakes I made. I got into $10k cc debt going on trips and buying pointless things. I pay $2k in bills not including my cc payment. I’m back in school trying to learn a skill but feel like 4 years is long to make more money with that degree while paying off that debt. Sh…

Moving out of the country in May… what to do with IRA and 401(k)s? I’m planning on moving to the Czech Republic in May. I had to quit my job a couple of weeks ago for mental health reasons and I’m basically planning on floating until the move (I have the savings to do so, luckily). I have a decent chunk of money saved up in my 401(k) from a previous gig, a much smaller 401(k) from the one I had to quit this mon…

Rolling over negative equity into something much older. I recently bought a 22 Mazda 3 Hatch for about 22k. Only had around 9k miles on it. But after having it for a few months, I’m realizing that I kinda just want something significantly cheaper. Something older to get me from point A to B. Add in some Apple car play, and that’s all I need. I’m upside down around 4K. I understand that this isn’t the…

Is the fee for someone managing your money worth it? Hi, I’m in my early 30s married with 2 kids. I make good money but do not feel like I’m saving that much. I’ve been trying to figure out how to invest so I can pay for a kitchen remodel later on as well as retire early. I had someone from one of the big banks reach out to me and they mentioned they could help me invest and as our investments gro…

MBDR w/ Employer Match Vesting Schedule My wife’s new job has a 410k with a generous match, but it will vest over 4 years (25%/yr, starting after her 1st year). We want to max out the MBDR for the year, but we aren’t sure how to account for the match. It seems unvested contributions are being added, but since they don’t vest until next year, am I right to assume that they don’t count …

Cancel whole life insurance? Appreciate your time everyone. My wife and I have been planning our retirement, and we’re well ahead of where we need to be so we’re set financially regardless of what the decision is here. The only thing remaining that I am unsure of is if I should cancel my whole life insurance. My parents signed me up for whole life insurance back when I wa…

Parents have life savings tied in 2 houses, no retirement My parents are in their late 50s, divorced but still live together, and were frugal all their life, but have little to no understanding of the stock market, 401ks, IRAs, and how to retire on those accounts. They have enough for bills and an emergency fund. A few years ago, they bought a 2nd house intending to move there but it didn’t worked out…

Would it be a bad idea for me to do a 0% interest loan for an expensive item if I have the cash in hand to pay it off? I’m looking at buying an expensive treadmill and while I have the cash to buy it outright, I was thinking I could potentially do the 0% interest loan option they have on Amazon. Would this be a bad idea? I’m seeing it as a credit building opportunity. I’m not worried about nonpayment because the funds are more than available to pay for it s…