Dead 401k – now what? I recently switched jobs to one that does not offer any sort of 401 K matching or even investment opportunities. That’s not a problem, because they are paying me a lot more. However, the 401(k) I had is just sitting there doing nothing. About 15,000 in there, and I saw that Robinhood app will let me roll over the amount into a traditional IRA. …

Dead father’s tax returns My father passed away in 2024. He was in bad shape for a few years and had been in a nursing home since 2021. His parents (my grandparents) had left him a trust that was controlled by my cousin. From 2021 – 2024 we pulled 2-300k out of his trust to pay for mostly the nursing home, and some other expenses. It was all pretty messy and my father wa…

Fighting with my brain whether to purchase new car or not Hey all: I am 60, retired and fully set in life. My only debits to my accounts are monthly utility and yearly home taxes (house is paid in full), my bank accounts are sitting at over $200K. I have a 2009 car that runs great with only 63700km/39581mile on it as I really only use it to grocery shop and do a run some place a couple times per week. …

How does a 401k work if you leave the country Hi Personal Finance, UK citizen here who is being offered work in the USA. I’m trying to get a handle on retirement savings on your side of the pond. If I work in the US for a few years and eventually come back to the UK, would a 401k sit there accumulating interest and be eligible for withdrawal once I reach 59.5? If that’s how it works would I…

Can I be semi retired? I would like opinions on whether I’m nuts for thinking this or not? My position is: I’m 42 years old. I have no wife or kids. I’m self employed in the television industry and live in Wales. Financially: I own my own house outright, no mortgage. I’m not planning on moving from this house. I have a lodger who covers the vast majority of my bills,…

Is it a bad idea to get a 401k loan to buy property abroad (in EU)? Is it a bad idea to get a 401k loan to buy property abroad (in EU)? I’m considering getting a loan from my 401k to use it as down payment to buy property in a EU country I know well and rent it out. Bad idea? I think I can get more than 15% annually (better than my 401k returns). submitted by /u/pmac881

When to draw on 401k and 457 I recently retired at age 48. I have a pension where I receive $6,700 a month after taxes. My pension should increase by 2% every year through cost of living adjustments. The pension is through state government, so it’s very secure. I also have about $330,000 split about evenly between a 401k and a 457, so $165,000 in each. I always figured I wo…

Need advice on Retirement accounts I am looking for some advice on what to do with my “old” retirement accounts. Me: 40, married, 2 kids. 130k annual salary. Investment: current job 401k about 50k in it. Roth with Fidelity Go has around 5k. Mix of CD’s for emergency funds. Questions: I got an old employer 401k around 13k vested. Its fee is about the same as current employer. Sh…

New to budgeting. Advice needed. Here is a rough outline of current financial picture. As mentioned I am 26 and currently living in Chicago. Salary: $55k OTE: $89k Monthly expenses Rent: $1100 Groceries: $300 Student loans: $300 Transportation: $100 Laundry: $60 Investments Roth IRA: $28k (fully maxed the last three years) 401k: $268(just began contributing at 3%) Savings: Eme…

Should I prioritize my 401k over my mortgage? I am a 36 year old who has a mortgage of $575,000 at 6.25%. I currently make 150k base, and if I pick up extra shifts from work, can make around 175k in total, give or take. By my own accord, and probably by the mathematics, I feel house poor and have been thinking about decreasing my contribution to my 401k to pay down my mortgage. My company …

What type of financial services do I need? I’m not looking for a financial advisor, I don’t really have any money to advise on. But I’m wondering if I can go to the same person to handle my taxes but also manage my will and my estate after I pass. Could that be the same person? submitted by /u/Asognare

16 year old son has an annuity Good morning yall. My son has had an annuity set up since 2013 from a settlement due to his dad being killed by a drunk driver. I was told it would be safe over the years and it’s with a reputable company (USAA) so I haven’t thought much about it. However, I got a little concerned in 2017 because I hadn’t ever received any documents about it so …

20 year old with small dept I am a 20 year old with a credit card dept of roughly 1700$ i am making 640$/week got 2500$ in my pocket and have a rent of 700$ to pay and i am curently saving up to buy a car what should i do in the next few month? submitted by /u/hippobeat

Ways to start Saving Hello, I am in Germany since three years and working with income of 88K annually. I have been trying to create a plan for saving but that is not working correctly and my cash outflows recently has been more due to not having any saving account or investment planing? I need an advice on how to save money, should I Save in Sparplan in ETF, invest …

Do I need to save money for taxes from Settlement ? I’m not currently working, got a 15k settlement. This will probably be my only “income?”for the year. I believe this will count as income so I would need to file for taxes for 2025…? I’m also wondering if i need to save 25% of it to back pay taxes when I file next year? submitted by /u/angiexbby

It already makes sense for me to itemize. Should I deduct medical expenses now, or keep them for HSA access? Edit: whoops, solved. “you can only deduct medical expenses over 7.5% of your adjusted gross income” Hey all, I had a handful of medical expenses in 2024. I was planning on saving the (digital) receipts and reimbursing myself from my HSA later, but I live in CA and CA taxes HSAs and it would be a hassle tax-wise to keep track of that. So my HSA …

401K Match 100% No Limit My company has a 100% 401K Match and no limit. Meaning if I invest $23,500 (2025 IRS max), then they will match 23,500 for a total of $47K. All matching contributions are 100% vested as I have been with the company longer than 6 months. I am contributing 10% to my 401K or about 16,000 annually. I also have 13,000 in credit card debt that charges…

Should I sell a big chunk of my stocks to pay off my car? Hey everyone, So I currently owe about 11k on my car right now and I have about 20k in stocks. I have about 3 more years until the car is paid off in full but the thought of selling some stocks to pay it off sounds a little nice. The idea of no longer having a car payment sounds great but I’ve held onto some of these stocks for such a long time …

New car purchase. Need advice budgeting Hello Everyone, Currently at 230K at 20 years old. I’ve got here by investing my money into NVIDIA mostly and investing 500 of my paycheck per week. Lately, i’ve bought a car and got high insurance to help protect my assets due to obvious circumstances. If i pay the minimum car payment which is 450 and insurance of 300 it’s about 750 a month whi…

Should I spend this much on rent? I am currently living in a HCOL city and looking to move into my own apartment. I found a place for $2,200 per month, with heat and utilities included (so would only be paying additional for Wi-Fi). This would be ~40% of my monthly paycheck, which feels very high, but is walking distant to work and is in a great area. My other expenses are not t…