Should I defer bonus to 403b/457 Roth So me (41m) and wife (41f) have maxed my matched trad 401k for 2024. We backdoor max the Roth IRAs every year, but also contribute a minimal unmatched amount to her trad 403b and Roth 457(5k combined. She has a pension) I should be getting a bonus at the end of the year (20-50k) which I can elect to defer to the first week of 2025. We expect to …

Defer school or enroll? Hello r/personalfinance, I (M26) am currently in a huge dilemma. I got admitted into both an M.S. in Computer Science and Mechanical Engineering for Fall 2024 but my bachelor’s degree is in a different field (B.S. in Mathematics 2020). I got “conditional admission” meaning that I must take a set of undergraduate classes to be fully admitted and …

Pension Question: Receive a single lump sum now, immediate monthly payments or defer payment until later? I received a letter from my old employer and they have announced a limited time program that allows me to receive the value of my vested pension benefits right away but I’m not sure what to do. My 3 options are as follows along with the payable amounts: Elect to receive a single lump sum payment ($30,000) by the end of the year. Elect to immedi…

want to defer $4000+ of my paycheck a month, is this way too crazy? – Single, 29, no kids, living with parents with very low expenses, and in July started a job as state employee making low six figures. Figured I can minimize a ton of taxes by contributing into Deferred Compensation. 457b allows penalty-free withdrawals anytime after you leave your job. – Want to contribute majority of my paycheck, like >50% aka…

Can’t afford to start paying student loans right now, how can I defer or reduce? As many of you likely know, student loans were recently unfrozen and I received my first notice this week that they want me to pay $200 per month and I just can’t swing it right now. As it stands, I’m living paycheck to paycheck, with expenses well beyond my means, but I’m kind of stuck in my current situation. I have about $18K in student loa…