Does my father’s monthly contribution to household expenses count as income for us? My father, who is 80 years old and handicapped, moved into my husband’s and my home a couple years ago. Because of his mobility issues, we’re in the process of remodeling our basement into a fully accessible living suite for him. In the meantime, he’s been living in our guest room and paying $2000 per month towards household expenses. That inclu…

Roth contribution 401k investment help Hello! First, I’m working on mobile so apologies for any weird formatting. I recently started my first job and am unsure which investments I should go with. I would appreciate greatly any help or advice offered so that I can invest with some peace of mind. I’m currently in my early 20s and not planning to withdraw from the 401k for the next 40 y…

Got a raise, should I increase my 401k contribution? Got a 8% raise, currently doing 16% into my 401k with a match of 100% for the first 5%. Also doing $600/month into roth IRA, will reach limit in November. I was thinking of just bumping my contribution by 8% to 24%. Any big drawback I should be aware of? submitted by /u/high1227

Is $250 a month a large enough Roth IRA contribution? I’m currently 22 and recently started my first career type job. I’m fortunate to have gotten a job with such solid pay considering I’m fresh out of college. I have plans to get an apartment with my younger stepbrother while he finishes college but since he will be in school, I will be covering the majority of our expenses (estimating a 70/30 spl…

401k v ESPP. My employer offers a 40% match on a 5% of income contribution. My employer offers a 40% match on a 5% of income contribution. I have been doing this for about two years and decided to stop and return to contributing to pre tax 401k. I believe this companies stock will be 80% of what it is now in near future and hold there. I’m subjectively thinking that making contributions with after tax dollars and paying…

Is it a bad idea to downsize my 401k contribution percentage? I’ve been seeing a lot of speculations lately about a market crash later this year/next year, which has me worried about my 401k. I currently contribute 15%. Would it be a completely stupid idea to pull that back to 8-10% until things level out? Or should I just leave it as is and roll with it? submitted by /u/Berbigs_

Dilemma about 401K contribution Hey everyone, I’ve been allowing 7% of my salary to go into 401K & Roth(3.5 each in Roth and 401K) since last year. My company matches 100% for first 1500, 50% for next 1500 and 33% for next 7500. But this thought of locking my money there for next 30+ years doesn’t sit right with me as I feel that I need money in every 5-7 year period of life….

Job informed me that it never made my contribution change to my 401k I received this email from my hr: “On April 19, 2023, you made an election change to your My Job’ Retirement Plan on Empower’s website. Due to an administrative error, this change was not reflected on your paycheck until July 14, 2023. As such, you under-contributed to your 401(k) account from 4/28/2023 – 6/30/2023. We sincerely apologize for th…

When to start investing if you’re at your employer’s max 401k match but not max contribution? Hi all, Beginner investor here, mid 30s. Looking into simple 2-3 fund passive investments. Married filing jointly, firmly in the US 22% tax bracket. Spouse and I both contribute about 7% of our paychecks which is 1% over the max match. Based on the tax benefits of tax deferred 401k should I even bother starting some form of simple investing with…

100% 401K contribution, living off of taxable retirement savings–good idea? For people with retirement savings in a taxable account, is there any reason not to “convert” this money into a tax-advantaged account by making the maximum possible payroll contribution into retirement accounts, and then selling from the taxable account as necessary to cover living expenses? My employer offers a defined contribution plan (in my…

Wife was accidentally terminated when a coworker should have been. Immediately reinstated but her retirement benefits were reset to 0% contribution for months. Is there any recourse? Title. Wondering if there’s any path. I told her to talk to her HR and she said she isn’t having luck. submitted by /u/drdrillhard

My contribution to “Barbie premiere looks” 🫶🏼💗 — felt so beautiful 🥹 I feel like I’m at the point where I’m a) open to sharing my makeup looks, and b) so proud of them!! My sister is a makeup artist and has taught me so much but it felt like it’s taken forever to truly click lol so happy to be here and to feel so beautiful at the Barbie movie premiere! submitted by /u/AcceptablyAvg

Can you ask an employer for a retroactive retirement contribution? I am super novice on the topic of investments and retirement. When I started my job a few years ago I received a form that would waive the typical two year waiting period for employer retirement contributions (they deposit 10% of my income into my 401k). I did have previous qualifying employment that would have waived this two year period, but I…

Roth IRA contribution withrawal Question on roth contribution withrawal, maybe i just confused how it works So I contribitrd total 12k over 2 years in roth ira. Made one bad investment and had to sell that for $500 loss. Currently my account is at 12150. Can i still withraw 12k if i need to or i have to take into account loss and can withraw only 11.5k ? submitted by /u…