#cash

Roll 401k over or cash out?

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Roll 401k over or cash out? Hi, let me start with a little bit of context I currently make about 160k between 2 jobs. One being full time and another being part time. My main job has a 401k and I also contribute to a Roth IRA as well as my partner. We rent and currently want to start saving for a house to purchase within the next 2 years. My partner is quitting her job to…

Reddit Personal Finance 1.2k 2024-06-30

How to cash in retirement investments

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How to cash in retirement investments Let’s say I already have a decent amount invested in retirement, an amount I haven’t touched (haven’t removed any value, but have kept contributing to) for decades. Now I want to ‘cash in’ and enjoy my life. What’s the exit strategy for this? If I take out everything in one go, then my money stops making money for me. If I cash in just the profi…

Reddit Personal Finance 1.2k 2024-06-30

Where to put in some extra cash?

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Where to put in some extra cash? Hello All, I hope you’re all well. If you had $50,000 USD to invest in anything and let it sit and grow, what would you put it in? I need some advice where to invest that will guarantee some long term gains. submitted by /u/Any_Thought7441

Reddit Personal Finance 443 2024-06-30

Mother got check from grandmother’s nursing facility after passing but bank wouldn’t cash it.

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Mother got check from grandmother’s nursing facility after passing but bank wouldn’t cash it. It is made out to the estate of my grandmother C/O my mother and is from the nursing facility. The state this is taking place in is Virginia if that matters. My grandmother had no estate, no property, no will or anything of the sort so she didn’t have any executor of estate or anything of the sort. When we took it to the bank to cash it they tol…

Reddit Personal Finance 1.2k 2024-06-29

Pension is being terminated (sold to an insurance Co.) Should I cash out, rollover into IRA or start collecting?

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Pension is being terminated (sold to an insurance Co.) Should I cash out, rollover into IRA or start collecting? My single life lump sum will be distributed on 10/1/24 or I can delay it until 1/1/26 and choose to receive certain and continuous benefits for 5/10/15 or 20 years or collect. What makes more sense? Lump sum with tax consequences or wait for steady monthly? submitted by /u/Healthy_Slip9202

Reddit Personal Finance 989 2024-06-25

Cash-Out Refinance or Home Equity Loan?

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Cash-Out Refinance or Home Equity Loan? I’m currently going through an amicable divorce and will need to get my soon to be ex wife a cash lump sum. The two options I’m looking at are to do a cash-out refinance of my mortgage, or to get a home equity loan. Home value is roughly $315k, and I owe roughly $130k on it, so I’ve got some good equity. Cash amount needed is $60k. My curren…

Reddit Personal Finance 468 2024-06-25

Am I Going To Save Cash Long-Term Going With Sony Over Canon RF?

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Am I Going To Save Cash Long-Term Going With Sony Over Canon RF? I just purchased a refurbished Canon EOS RP (body only). I’m still scraping up the cash for the lens. I’m upgrading from my T2i. I am wondering if I should cancel the order and save up for maybe the R6 or a Sony Alpha III, fearful I may outgrow the RP sooner rather than later. Aside from that, I’m wondering if Sonys are a better option for the c…

Ask Photography 505 2024-06-25

Auto loan at 6.5% or pay cash

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Auto loan at 6.5% or pay cash My wife and I are new to the US and were given a pre-approval for a 6.5% auto loan rate. While we have enough to pay cash (the loan is $25k), I’ve also read that for short term auto loans, you essentially pay half the interest over its lifetime for short (

Reddit Personal Finance 1.1k 2024-06-24

Best place to consolidate cash/investments?

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Best place to consolidate cash/investments? …throwaway account We’ll be closing on the sale of our primary residence this coming week and, post close, we’ll have about $2.5M in cash/investments including retirement accounts. At the moment, things are pretty distributed across several banks and brokerages, and my understanding is that we may be at a point where there could be benefits to …

Reddit Personal Finance 435 2024-06-24

My wife’s dad had a Gerber Life Insurance Grow Up plan taken out on her. Now that he died we got mail saying her policy premium is past due. Can we cash out on the plan?

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My wife’s dad had a Gerber Life Insurance Grow Up plan taken out on her. Now that he died we got mail saying her policy premium is past due. Can we cash out on the plan? It says the coverage is $40k and the quarterly premium is $46.23 I personally don’t think it’s worth it to keep paying, but I’m wondering if there’s a way we can cash out instead submitted by /u/BubblyBalance8543

Reddit Personal Finance 1.0k 2024-06-24

Did I focus too much on investing for my future and not leave much liquid cash for myself?

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Did I focus too much on investing for my future and not leave much liquid cash for myself? For context, I am a 29M w/ no debt, making around $80k working in the finance industry in Los Angeles. Here is a breakdown of my current financial situation. As stated in the title, I can’t help but think I spent too much time worrying about my future and made sure to max out my Roth IRA every year, increase my 401k contribution every year, alon…

Reddit Personal Finance 1.3k 2024-06-23

Germany- cash or card?

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Germany- cash or card? I’m traveling to Germany for a week and have heard mixed things that Germany prefers cash over credit card. When travelling to Germany did you find most places took card or did you need mainly cash? submitted by /u/Short-Penalty-4886

Reddit Travel 1.0k 2024-06-23

Speedy Cash fraud? Has this happened to anyone else?

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Speedy Cash fraud? Has this happened to anyone else? I was contacted by a shady (and rude) collections company about a debt from Speedy Cash that is not mine. After calling Speedy Cash, the drivers license number, job, and bank account listed on the account are not mine. Speedy Cash couldn’t send me the original contract and told me to contact a third party passive debt buyer who they passed it o…

Reddit Personal Finance 881 2024-06-21

Should I reduce my percentage of investment in my 401k currently at 8% temporarily to have cash to pay off some lingering debt?

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Should I reduce my percentage of investment in my 401k currently at 8% temporarily to have cash to pay off some lingering debt? Should I reduce my percentage of investment in my 401k currently at 8% temporarily to have cash to pay off some lingering debt? Currently investing 8% from my paycheck towards my 401(k). It’s about $1100 a month. My company matches up to 3% and I’m fully vested. I have about $16,000 left in a personal loan debt 6%. I like to have the cash to jus…

Reddit Personal Finance 1.2k 2024-06-19