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LPT- for the love of the gods, ADD a beneficiary to your checking/saving accounts. The financial institution typically only requires a name and date of birth.

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LPT- for the love of the gods, ADD a beneficiary to your checking/saving accounts. The financial institution typically only requires a name and date of birth. As much as it pains me to say this, my baby brother (34m) died by suicide just over a month ago. It was unexpected, completely tragic, and devastating. I walked my sister-in-law through the banking process once she received the death certificate, and imagine our surprise when the bank informed us that he didn’t have a beneficiary on his accounts…

Life Pro Tips 985 2024-12-19

Buddy budgeting app: How do you deal with two accounts?

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Buddy budgeting app: How do you deal with two accounts? Recently, I’ve been using buddy to budget and track my money and it’s working great. However, i just came across something and I don’t know how to deal with it. I have 3 accounts syncing (debit, credit card 1 and credit card 2). I set up a monthly budget, and in that budget i have a set ‘credit card’ budget put aside. However, when my credit car…

Reddit Personal Finance 1.2k 2024-12-16

Should i invest outside of retirement accounts if i cant max them out?

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Should i invest outside of retirement accounts if i cant max them out? I always hear to max out 401ks and IRAs first before investing in a taxed brokerage account, but what if it’s unlikely for me to max them out for a long time? If ever? Is it fine to keep a healthy emergency savings and only invest in a retirement account for the rest of my career? submitted by /u/Hinokei

Reddit Personal Finance 1.2k 2024-12-15

What are some good resources to help me understand whether I should use traditional vs Roth accounts?

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What are some good resources to help me understand whether I should use traditional vs Roth accounts? I understand the general guidance of “will you have higher taxes now or later,” but it seems like there’s more to it than that. I would expect most people to have lower taxes later, yet a Roth IRA always seems to be the recommendation. Why is that? I could read the general resources about how taxes work (which I plan to anyway), but it would h…

Reddit Personal Finance 842 2024-12-13

Helping my dad with his 401k accounts

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Helping my dad with his 401k accounts My dad is a retired radiologist who, unfortunately, has progressively worsening dementia. I’m trying to help him with his finances before his memory deteriorates more. He has a 401k with 10 separate accounts through the private physician group he was with before he retired. I’m not entirely sure why, but all of these accounts have a trustee, th…

Reddit Personal Finance 825 2024-12-12

Best practices for syndicating other accounts’ Instagram posts?

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Best practices for syndicating other accounts’ Instagram posts? I run an Instagram account focused on highlighting the local businesses, attractions and happenings around my town and I want to start syndicating content/images from other local businesses and accounts. However, I want to do this in a way where the original creator/business feels like I’m assisting in their reach and adding value to the communi…

Reddit Social Media 385 2024-12-09

Is there a lower limit for how much I need to deflate my lifestyle? Can’t max retirement accounts.

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Is there a lower limit for how much I need to deflate my lifestyle? Can’t max retirement accounts. Before anyone yells at me for not making enough, I live in a LCOL area. My main job pays the median income for my city. It is considered very good for a new grad. I am a consistent underperformer and I always have been. I am doing my best but I have personal and professional deficits that I have not been able to overcome. I’m sorry. I’m trying m…

Reddit Personal Finance 398 2024-12-07

Apple Card Savings Account’s Lowered Rate Compared to Other Options

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Apple Card Savings Account’s Lowered Rate Compared to Other Options In the U.S., the Apple Card offers a high-yield savings account option, allowing you to earn far more interest on your money compared to the average bank’s basic savings account. Following a rate cut this week, the account now has an APY of 3.9%. For example, if you deposited $1,000 into the account and maintained that balance for one year, you …

Mac Rumors 1.3k 2024-12-06

Making My Revocable Living Trust the Beneficiary of my eTrade Accounts (IRA, Roth, and Taxable Accounts)

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Making My Revocable Living Trust the Beneficiary of my eTrade Accounts (IRA, Roth, and Taxable Accounts) Is this advisable? I read conflicting information about tax implications now and required minimum distributions later. Should I just list the successor trustees as the beneficiaries of these accounts instead? I’m trying to make things as easy for them as possible administratively. Thanks in advance. submitted by /u/BestChickEver …

Reddit Personal Finance 1.1k 2024-12-03

What’s the deal with the “10% yearly growth accounts” people are all apparently putting their money in?

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What’s the deal with the “10% yearly growth accounts” people are all apparently putting their money in? To start, I am stupid when it comes to finances. The only thing I’m good at is not spending my money recklessly. I’m 26M with just over 30k put away and it is currently sitting in a money market account through fidelity. I keep seeing different social media finance people (I know not a great source) saying people put their money in accounts that…

Reddit Personal Finance 670 2024-12-03