Tether Reports $13B Profit for 2024, With Rising Bitcoin, Gold Prices Contributing The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of year-end.

Contributing over 20% for down payment vs investing I’m 31, in a relationship, and would like to purchase a house within the next 3 years. I currently have enough money saved in a HYSA for a 20% down payment, plus 6 months of household expenses. I am waiting to buy a home until after I get married (probably in 1-2 years – not technically engaged yet but gf and I are planning on it). My question i…

New to contributing to 401k I recently have been given the option to start contributing to my 401k at work and I started by doing a small amount because I am unsure if it is worth it. I don’t plan on staying in this job for more than 6 months because I hope to back to school. Should I be putting I more than 1%? submitted by /u/redguy4545

$47,000 in 401k at 40 for spouse and I. Reality is hitting really hard and we need a wake up call. What percentage should we be contributing now? □ 401k is about 9 years old. In 2016, husband (I’ll call Anthony) was making between $40,000 – $50,000 at thr time. His company contributed 7% (without match needed) into a 401k automatically. This continued for 7 years. □ Anthony’s income slowly increased over time. A year ago, we began contributing an additional 7% and his pay increased to abo…

How much should I be contributing to my 401k? So I’m 25 now and I really want to be focused on my future. I finally took the time to look into my 401k and here’s what I’ve learned thus far: “For every dollar you contribute up to 3% of your salary , your company will add 50 cents to your account per pay period.” So far I’ve contributed $3060….

Contributing to 401k: +15% Doesn’t Feel Like Enough? I’ve been contributing to my 401k since my early twenties and am 35 now but don’t feel like I’m at where I need to in regards to my retirement savings. I currently contribute about 11% to my 401k and with a recent raise I plan on upping the percentage a bit but don’t want it to hurt as I’ve been comfortable with my current finances & lifestyle. …

I have a 401k that I have not been contributing to since starting a new job with a pension 28 years old, contributed to my 401k for 2 years before getting a new job that offers a pension which I’ve been at for 3 years now. I was wondering what my best options would be for the money I have contributed to my 401k. Thanks! submitted by /u/Meter_Pam

Contributing Over 401k Limit? I have an idea about my 401k and I’d like to bounce it off you guys. Let’s say I’m maxing out my 401k contributions. My company let’s me take out a loan on my 401k at 9%. All interest gets paid directly back to me. So I continue to max out my 401k, invest the loan and pay the loan off back to myself. Would this create a gain or loss in opportu…

Started my first job in June, should I be contributing to my roth 401k rather than traditional 401k? I’m making 100k a year. Since I started in June, should I contribute to my roth 401k since my taxable income will be lower this year at about 50k (I may be understanding this wrong) and then next year move to a traditional 401k since my income that year will be 100k? submitted by /u/glocks9999

Is there a point to contributing to an IRA if you’re over the income limit to deduct contributions from taxes? I’m maxing my 401k and am over the Roth incoming limit. I just started researching IRAs and understand that you can contribute $7,000 to them on top of the $23,000 you can for a 401k. But if I’m over the income limit to which you can deduct IRA contributions, is there a point to establishing one over just contributing to a general taxable invest…

What Should I Do If My Income Exceeds the MAGI Limit After Contributing to a Roth IRA? Hi everyone, I recently found out that my Modified Adjusted Gross Income (MAGI) for 2024 will exceed the limit of $240,000 for married couples filing jointly. Unfortunately, I already contributed to a Roth IRA earlier this year. I’m looking for advice on what steps I need to take to rectify this situation and avoid any penalties. Here are some s…

Should I pay off my student loans or keep contributing to 401k at a high rate 26M living in a low/mid cost of living city: $73k income annual $43k in savings Contributing 30% to Roth 401k $40k Roth 401k balance $23k student loan debt Car is paid off, but I’ll probably need a new one in the next couple years. Still driving my clunker from college $650 a month in rent $1400 a month in credit card spending (I could easily …

Contributing to ROTH while Saving for my Wedding Hey Everyone, I’m 25(M), I live in NYC. I make an average of 3,450 a month take-home working in restaurants and contract work as both a book editor and social media director. Only about 850 comes through contract work and the rest of that is taxed already. I have a little over 7,500 saved in an HYSA. I didn’t really have the best saving habits …

Unexpectedly now make more than Roth IRA income limit after already contributing money this year I auto contribute money to my spouse and I’s Roth IRA account. We both moved jobs recently and now jumped over the income limit disallowing us to use a Roth IRA. I understand I can use the backdoor Roth in the future, but how would I fix this year’s contributions? Would I just take out the money that was contributed in 2024? What happens to the …

Unexpectedly now make more than Roth IRA income limit after already contributing money this year I auto contribute money to my spouse and I’s Roth IRA account. We both moved jobs recently and now jumped over the income limit disallowing us to use a Roth IRA. I understand I can use the backdoor Roth in the future, but how would I fix this year’s contributions? Would I just take out the money that was contributed in 2024? What happens to the …

Employer randomly stopped contributing to 401(k) (California) I noticed when I upped my (post tax) contribution percentage but noticed my paychecks were the same. After some probing with the payroll point of contact at my (small) employer, they said there were “issues with the bank account” and it would be fixed “soon”. I looked and my last contribution was almost 2 months ago. I still am having my contrib…

Can you open a new Roth IRA account if you are over the income limit but not contributing new money into it? Hi, probably a stupid question, so we are over the income limit, but I was trying to move one of my existing Roth IRA to another brokerage via ACATS. I accidentally opened the new Roth IRA at the new brokerage already before looking more into the process. And then I decided not to move the account over. Just wondering if this is allowed (openin…

Contributing entire paycheck to retirement to catch up? Wondering if the sub can advise on this plan to transfer funds from savings to retirement accounts: Basic info: 34 yrs, no debt. Got a new job as of the previous year, earning 72k. Due to a variety of reasons, did not really know about all available financial instruments before, so have just been keeping money in savings. Have about 100k saved u…

Can employer prevent you from contributing income from tips to your 401k? My employer recently updated our 401k plan & I just discovered that they are not allowing me to contribute income I receive from my tips into the plan anymore. (I’m in hospitality and the majority of my income (~70%) is tipped based.) If I’m now only allowed to contribute my hourly pay (even if I put ALL of the money I make hourly), I will still…

LPT – Refrain from participating in gossip or spreading rumors. Taking responsibility means not contributing to negativity submitted by /u/EngineMain199