#immigrant

My older immigrant parent is about to be laid off and will likely need Medicare for their health. What do I need to do to prepare?

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My older immigrant parent is about to be laid off and will likely need Medicare for their health. What do I need to do to prepare? I’m going through the most stressful time of my life right now in as a young adult with the cognitive decline of my Dad. He had a state IT job for a while but was kept on probation period, and now he’s scheduled for an independent medical examination (medical/physical) to determine continued eligibility of employment. I’ve already seen the signs…

Reddit Personal Finance 1.1k 2023-10-14

What to do with a windfall my immigrant parents are anticipating?

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What to do with a windfall my immigrant parents are anticipating? Hey Team, Long time reader of this subreddit and it has really helped me get my own finances in order, but this time I am here to ask for some help for my parents. Info: My mom is making $150k/year as of last year and my dad is making only $20k/year (working part time). They are in their mid 50s, but did not have any stable income until 2 years …

Reddit Personal Finance 222 2023-08-06

Advice for immigrant couple

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Advice for immigrant couple We are an immigrant couple making a combined annual gross pay of 200k (120k from me, 80k from my wife). My employer gives a 3% 401(k) match vested on their discretion, while my wife gets a 6% match vested immediately. We currently contribute up to this match. We have about 35k on an HYSA as our emergency fund. 21k balance left on our auto loan a…

Reddit Personal Finance 172 2023-07-15