#cash

Should I cash out part of my 401k to pay off debt?

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Should I cash out part of my 401k to pay off debt? (30 M) I recently found out I have a 401k from my last job with 30k in it. I didn’t realize it existed up until recently. Ive been planning on merging it with my current job 401k (about 60k) but things have been tight this year and if I could pay off some of my monthly bills (car for 12k, CC for 2k) it’d make my life (and my wife) and lot happie…

Reddit Personal Finance 1.1k 2024-11-28

Should I get a cash car or save for a down payment?

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Should I get a cash car or save for a down payment? Hello! After all my bills are paid I’m left over with roughly 2400 a month I’m currently in need of a vehicle , should I be looking towards a cash car or a payment my credit isn’t the best but I’m sure I can get approved for a decent vehicle . I just started saving again after moving in a new apartment I used most of my savings I have about 600 …

Reddit Personal Finance 835 2024-11-28

Vitalik Buterin Donated $1M in Ether to Coin Center Hours After Tornado Cash Victory

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Vitalik Buterin Donated $1M in Ether to Coin Center Hours After Tornado Cash Victory Vitalik Buterin donated 30 ETH, worth just over $1 million, to Coin Center on Tuesday night. The donation came hours after a Coinbase-backed suit challenging U.S. sanctions against Tornado Cash won an appeals court victory. Coin Center is pursuing its own lawsuit against the Treasury Department’s sanctions in a different appeals court.

Coindesk 1.3k 2024-11-28

Tornado Cash Sanctions Overturned by U.S. Appeals Court

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Tornado Cash Sanctions Overturned by U.S. Appeals Court A U.S. federal appeals court has delivered a major legal victory to the crypto sector by throwing out the U.S. Treasury Department’s earlier effort to directly sanction crypto mixing service Tornado Cash. The court found that the government didn’t have the proper tools to include the actual technology underpinning the service as a sanctioned ent…

Coindesk 611 2024-11-27

I’m 29, Got US$ 17,000 in VOO and US$ 14,000 in cash. I live in Dubai and need your advise to take a life decision:

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I’m 29, Got US$ 17,000 in VOO and US$ 14,000 in cash. I live in Dubai and need your advise to take a life decision: Equity in VOO: US$ 17,000 Cash in hand: US$ 14,000 Monthly rent: US$ 800 Other monthly expenses: US$ 300 I invest in VOO for my retirement. I work as a marketing manager here in Dubai and i hate my job. I was working as a realtor, but wasn’t doing well because i had a lot of financial stress in my mind back in those days. Realtors don’t get a s…

Reddit Personal Finance 1.2k 2024-11-25

HELOC or Cash Out Refinance

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HELOC or Cash Out Refinance My husband and I bought our current home in 2020, completing gutting the house and doing several major renovations. We currently owe about 60k on the house, with a 3.25% interest rate. Though the core of our house is in great shape, we would like to do a major addition – thinking at least 100k. We plan to be here for at least 15 more years. We…

Reddit Personal Finance 495 2024-11-25

Pay off mortgage or invest extra cash?

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Pay off mortgage or invest extra cash? 35M, 36F, 2 kids in elementary school. $55k in savings, $70k in RSUs, $580k in 401k, $60k in college fund. Household Income = $230k, cars paid off, no debt except mortgage. We owe $169k, house is worth $500k. The debt is at 2.19% with 12 years remaining. Should I pay this off? Kids are no longer in daycare so we have an extra $4-5k/month I need …

Reddit Personal Finance 427 2024-11-25

Parents (early 60s) have an excessive amount of cash in savings

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Parents (early 60s) have an excessive amount of cash in savings My parents never learned how to invest besides diligently contributing to their company 401ks. They’ve always been good at saving money, but I’ve just recently learned how much they actually keep in cash in a standard bank savings account. I’ve always suggested they open IRAs when they were younger, but they were comfortable just contributing to…

Reddit Personal Finance 519 2024-11-24

ATM didn’t give me my cash

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ATM didn’t give me my cash so I recently used an out-of-network ATM at a random convenience store in my area. Not the smartest choice, but I needed cash, and it was the closest ATM to me. I withdrew $200, but the ATM never gave me the cash, even though the money was deducted from my checking account. I went to the store worker, showed him my receipt, and explained that th…

Reddit Personal Finance 766 2024-11-21

Need advice on what to do with extra cash I have on hand

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Need advice on what to do with extra cash I have on hand Hi all, long time lurker, first time poster. Im currently 23, almost 24, and am looking for suggestions to improve my personal investments. Considering I’m young and I still live with my family, I’m not all too worried about taking some higher risk since I fortunately don’t have too many overhead expenses at the moment. Here’s my personal brea…

Reddit Personal Finance 708 2024-11-19

Former Employer Asking Me to Cash Out a 401(k) I Didn’t Know About

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Former Employer Asking Me to Cash Out a 401(k) I Didn’t Know About I didn’t know about this until now, but my former employer from an internship I did over a year ago recently contacted me about a 401(k) account with American Funds. They told me there’s about $500 in it. I called the number they gave me, and they confirmed the amount. According to my former employer, I can’t keep the money in their plan, so my …

Reddit Personal Finance 1.1k 2024-11-18

How much immediately available cash should I have?

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How much immediately available cash should I have? How much money should I have in an account that I can withdraw from immediately? I have money in a brokerage money market, but it takes a day or two to transfer to my bank’s checking account where I could withdraw it if needed. I have credit cards with collective limits of over $100K (which is frankly irresponsible on the part of the credit card…

Reddit Personal Finance 888 2024-11-16

Am I doing the right thing buying a house cash?

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Am I doing the right thing buying a house cash? My personal investment portfolio has done well enough that I can sell most of it to buy a house cash. But should I? I’ll be left with about 10k cash and 20k stock left over after paying capital gains taxes. This is separate from my 401k which has about $500k in it. I’m 38, married filing jointly, and we have no debt, AGI about 170k. Or do I take…

Reddit Personal Finance 943 2024-11-14

$80k cash. What would be the best place to put it for the next 3-6 years?

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$80k cash. What would be the best place to put it for the next 3-6 years? I am 42M, military with $80k in a HYSA at 4%. I have two rental properties and savings automatically going into this account at about $4k a month. I was in the military before TSP so I didn’t join, but was aware enough to create an Edward Jones account, which as of today is +$400k and have been adding to after every deployment. Never married, no…

Reddit Personal Finance 900 2024-11-13

Cash App users have a week left to claim part of a $15 million settlement

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Cash App users have a week left to claim part of a $15 million settlement Illustration by Hugo Herrera / The VergeCurrent or former Cash App users who have used the service since 2018 have until next week to claim part of a $15 million settlement that Cash App Investing (and owner Block Inc.) reached as part of a class action lawsuit, The Hill reports. The lawsuit alleged that the companies were negligent in respondin…

The Verge 1.0k 2024-11-12