#benefits

Transamerica IUL benefits vs not worth it

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Transamerica IUL benefits vs not worth it Hi, Just want to get your thoughts I’m paying $180/month for an IUL with a $250,000 death benefit but the agent is insisting that this is a good IUL because it has living benefits such as critical illness, long term care and terminal illness benefits so even if I don’t die I can get benefits. And she’s saying I can withdraw or take loans from…

Reddit Personal Finance 818 2024-05-28

LPT: When moving to a new state, learn as much about the following things: ui benefits, insurance plans, disability, fmla, housing, renting, HOAs (if where you live has them), etc.

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LPT: When moving to a new state, learn as much about the following things: ui benefits, insurance plans, disability, fmla, housing, renting, HOAs (if where you live has them), etc. Many people look this stuff up after they move. Sometimes it’s in your favor. Sometimes it’s not. submitted by /u/queenrosybee

Life Pro Tips 372 2024-05-26

Benefits of Marriage

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Benefits of Marriage I’m just realizing the benefits of being married with respect to Social Security. What other benefits (or disadvantages) are associated with Marriage (taxes, income limits etc.) submitted by /u/loves2travel2

Reddit Personal Finance 1.1k 2024-05-19

I think I should file for Social Security benefits as young as possible. Please help me figure out if and how that could be wrong.

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I think I should file for Social Security benefits as young as possible. Please help me figure out if and how that could be wrong. I’m not the brightest guy by any means, so it’s possible, if not even likely, that I’m missing something. Before I start, note that the numbers in this post apply only to me or anyone with a similar Social Security benefit estimate. If your income is much higher than mine you may do better by delaying your collection of benefits. In my case, the…

Reddit Personal Finance 499 2024-05-01

Can you guys explain my job’s retirement benefits to me like I’m 5?

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Can you guys explain my job’s retirement benefits to me like I’m 5? I’ve (27f) been at my job for nearly five years. I make okay money ($71k) but I’m in a super HCOL area and I don’t have a ton to set aside every month. I recently just paid off around $40k in credit card/personal loan debt (got lucky with a windfall). Finishing off the credit card debt, I feel like I have some breathing room to really start savi…

Reddit Personal Finance 427 2024-04-27

I feel like the cons of owning a home out weights the benefits.

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I feel like the cons of owning a home out weights the benefits. I’ve owned for 2 years, and I’m at the point where I think I regret owning. Property taxes are going up , the insurance industry is trash, and home insurance has gone up 20% on average. Both combined make your mortgage go up… And now I need a new roof. What’s the point ? The only pros I can think about with owning are property interest write-o…

Reddit Personal Finance 539 2024-04-24

Renting to Parents, Are there benefits?

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Renting to Parents, Are there benefits? My parents are getting a little older but they still work and pay rent for their current house. I’m potentially purchasing a property that has a secondary housing unit on site, they said they would love to come live there and pay their share of the costs. Does it make sense to draw up a rental agreement for them to collect money and report it as…

Reddit Personal Finance 1.1k 2024-04-18

Can spouse be added to my company benefits

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Can spouse be added to my company benefits My spouse works at a company and is NOT on a HDHP. It’s good benefits so she is keep her health insurance with her company. My company offers free health insurance but it’s a HDHP and I contribute to the HSA for investing. Am I allowed to enroll her as a dependent for my company benefits, make her a secondary (don’t know how) on my health insura…

Reddit Personal Finance 1.2k 2024-03-19

$10k raise workout benefits, or stay at the same salary but with benefits?

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$10k raise workout benefits, or stay at the same salary but with benefits? I’m currently making $55k/yr. Today my boss told me I can expect a $10k raise in the next month, but I’m having my doubts if that’s enough. Where I work doesn’t offer much in terms of benefits (startup), but I get some flexibility in my schedule so it’s been okay while adjusting to life as a new parent. I can’t help but feel a little disappoint…

Reddit Personal Finance 438 2024-03-02

What are the benefits of buying down an interest rate?

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What are the benefits of buying down an interest rate? Going to be buying a home soon. Our lender suggested we buy down the rate so it’s lower but it significantly increases what we have to pay in closing costs. I’m just having a hard time arguing what the benefit it. It would be 8.1% without a buy down and 7.1% with the buy down. I’m also frustrated that we are going to be paying close $20K just t…

Reddit Personal Finance 909 2024-02-25