Lump sum excess cash My wife and I have a 300k cash reserve and are deciding between investing in market and paying mortgage. Mortgage is 680k at 5.75%. I was hesitant to pay down mortgage when cash was paying 5% as I prefer to stay liquid, but as rates come down I know I need to decrease cash reserve. We max 401k and back door roths, so the only real option is in…

Excess 529 to rollover IRA My father-in-law has opened a 529 college fund for my son. I know any excess funds can be rolled over into an IRA, but my question is for who? My FIL will unfortunately likely pass away before my son is college age, and there will also likely be excess funds in it. So would the rollover IRA be in my (or my husband’s) name, or my sons? subm…

Need plan to allocate excess savings 27M Married, no kids Annual Income: $100K before taxes (me only, spouse doesn’t work right now) Personal situation: Living with parents until my spouse is abroad pending immigration process. Likely going to take 1.5 – 2 years. Plan to have 2 kids after they arrive. Expenses: Average around $1000 / month right now Current Portfolio Situation …

What should I be doing with my excess money? Here are my stats: 45/F – partnered but not married yet – dual income, no kids $100K annual income less than $30K annual expenses $20K in a 9 month CD (5.10%) $25K in a HYSA (4%) $2-3K in regular checking account for daily spending, bills, etc… Annual IRA max contribution met already

Rental Cars in France / Insurance / Excess I need help understanding the implications of an insurance when renting a car (with Enterprise) during a vacation in France. I’ve read my entire rental car policy and my travel insurance policy and it is unclear if the car is insured or not. For example, if the rental car is stolen, Enterprise state that I’m liable for the full amount of the car…

If you had a 7.0% mortgage, would invest excess in market or to pay down mortgage? Moving into a new home soon and now that we are no longer in the times of free money, I have been rethinking how to allocate the excess. My plan is currently to max out our tax advantaged accounts, and then put the excess toward paying down mortgage, and then recast the loan to get a lower payment. Just seems silly to forgoe a guaranteed 7.0% ‘…

What to do with excess cash at 21 I am a single 21 year old currently staying with family and splitting the rent (lease is in my name) Have a car loan ~$9000 balance at 5.75%. That’s the only debt I currently have. Monthly bills I pay around $650 rent with utilities All State-217 CCU Car Loan-255 Xfinity-10 Visible-15 I have $27,000 in my HYSA at 4.3% interest. $10,100 in a …

Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday.

How to edit the excess light Hey y’all. It’s me again. So I recently took this picture (on my phone, Oppo Find x5 Pro) but there’s a lot of extra light from my taillights. I’m mainly talking about all the red in the sky and over the bridge. Is there any way I could edit the photo to reduce that light? I’ve already tried everything I could think of but I always end up with a…

In-network dentist billed me the excess of what they submitted to my insurance This is a continuation of a previous post in my post history, where my dentist was inexplicably not billing my insurance. I finally got them to bill my insurance properly after nearly 3 months. I received an explanation-of-benefits from my insurance company showing the submitted amount, approved amount, allowed amount, and coverage percentage. D…

Married Filing Seperate, how to handle excess Roth IRA contributions? My spouse and I tied the knot in April, and we’ve decided to file our taxes as “married filing separately” for a specific reason. My wife has a significant amount of student loan debt, totaling over $130,000, and she’s enrolled in an income-driven repayment plan. Our goal is to keep her monthly payments as low as possible, given her financial si…

Top FTX Executive Says Sam Bankman-Fried Used Customer Money for ‘Excess’ Spending Nishad Singh, testifying at Mr. Bankman-Fried’s fraud trial, said FTX customer deposits were used to buy luxury real estate and to pay athletes like Tom Brady and Steph Curry for endorsement deals.

Ridiculous $8000 USD “Non Waiverable Excess” from Hertz Hi everyone, posting here since I dont know where else and I figure there are people here who understand these terms better than I do. I just picked up a renral car in Norway via Hertz and there was a little bit of a language barrier between the associate and I but I thought everything was clear until a ~$8000 charge is seen on my credit card pe…

Backdoor Roth excess with dividend I did a backdoor Roth in Janruary and my account gained 1.53 in dividend before I did the conversion. Looking at it now it looks like when I did the conversion, I bought $6500 worth of Roth IRA funds after the conversion but the excess dividend is now in my Roth IRA settlement fund? I have now have $2.37 in my Roth IRA settlement fund after anot…

LPT Request: How should I use the excess time I have at work to better myself? I (22) started my first full time job as an union engineer making 65-70k/yr in July, and until my group gets contracts to work on in the Fall, I spend 8 hours a day on my personal laptop/phone browsing random crap on the internet until it’s time to get home. Needless to say, I’m getting bored and would like to use this time to improve myself. I …

Excess cash, help me decide if I should pay off/down my mortgage Background: 34 married, dual income with one child (2) and one more on the way. Currently find myself in a position of having a high income and sitting on a significant reserve of cash that I can’t decide what to do with. I’m trying to decide between paying down our mortgage and investing it, with benefits and downsides to both. Summary of fina…

Roth IRA excess removal I found that I made excess contribution to my roth ira in 2022. I should have only contributed $2400( AGI ~$210k) but did $1250 excess to roth ira. I haven’t invested that amount yet but I have accrued interest on it in the account. Tax filed: April 15 2022 before deadline Will I have to refile my taxes for that interest (