#Business

Life insurance vs annuity death benefit payment confusion (read body in post)

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Life insurance vs annuity death benefit payment confusion (read body in post) I am fully uneducated in this area and would like some advice. My mother passed away a few months ago and I have found that after her death she’s had a couple of life insurance policies and annuity accounts. I am unsure of the difference between the two. I live in a different state of my mother and do not have access to her policies to see the d…

Reddit Personal Finance 440 2024-07-15

27 years old with around 75k in total savings.

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27 years old with around 75k in total savings. I’m currently 27 with around 75k in total assets. I have roughly 45k in a hysa, a few grand in other accounts, 20k in my 403b, and 5k in crypto. I’ve had my current job for about 10 months and my base salary is around 80-85k not including overtime which can bump me all the way up to six figures. I live at home paying my parents only a couple hun…

Reddit Personal Finance 496 2024-07-15

Help please need advice! Helping Mother Rollover IRA. A mistake was done and not sure if it can be undone?

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Help please need advice! Helping Mother Rollover IRA. A mistake was done and not sure if it can be undone? Hello Reddit! This is my first post so not sure if I’m posting on the right forum. I come from a low income family and don’t have any basic knowledge in finances. My mother got a new job and wanted to do a rollover with her local bank since her new employer doesn’t offer a 401k plan. She thought that a rollover consisted of asking her old employ…

Reddit Personal Finance 629 2024-07-15

Unlocking The Power Of LLM And Knowledge Graph (An Introduction)

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Unlocking The Power Of LLM And Knowledge Graph (An Introduction) Explore the future of AI assistants with Conversational LLMs. Discover how advancements in GPT technology are paving the way for personal assistants, including real examples. The post Unlocking The Power Of LLM And Knowledge Graph (An Introduction) appeared first on Search Engine Journal.

Search Engine Journal 1.0k 2024-07-15

Moving back home to help out and needing tax clarification.

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Moving back home to help out and needing tax clarification. I (Single, 39M) am contemplating moving back home with my parents to help them with age related and general mobilities issues. Im kinda glad as it frees up 15K in yearly rent. However having been WFH for several years, ive always deducted my home office (living room) on my taxes. Since I would continue to work from home at my parents place, how …

Reddit Personal Finance 563 2024-07-15

Down payment: Lender vs. Dealership vs. Investing

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Down payment: Lender vs. Dealership vs. Investing I’m planning to buy a car and I’m considering how I’d like to handle the down payment. Here’s the situation: – Car price: $30,000 – Down payment: $10,000 – Loan term: 60 or 72 months – Interest rate offered: 6.9% through a CU. Dealership APR unknown. Here are the options: Option A: get a full loan amount for the vehicle through the CU and pay …

Reddit Personal Finance 445 2024-07-15

How am I doing with retirement?

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How am I doing with retirement? 38yo. No debt besides mortgage. $255k in 401k (mostly Roth contributions). $18k in my Roth IRA. $25k in my wife’s Roth IRA. And $25k in my wife’s old 403b. Only contributing to the Roth 401k right now and maxing it out every year, with a 5% match from my employer. Working to pay off one of my small mortgages (

Reddit Personal Finance 631 2024-07-15

Budgeting apps for married couples

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Budgeting apps for married couples Curious what budgeting apps you all use? I’ve heard of monarch but the price point seems hard to justify considering all the other options out there. If I am going to spend time setting it all up I really want an app that is great at customization and looks visually appealing. submitted by /u/Chrisju22

Reddit Personal Finance 671 2024-07-15

Help! Feedback to help my 97-yr old friend

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Help! Feedback to help my 97-yr old friend Backstory: 97-yr old friend of mine in surprisingly decent health lives in a facility subsisting on Medicaid near Portland Oregon. She has no family or even close friends. She also has a lot of credit card debt (multiple tens of thousands) across a half dozen credit cards/accounts. Apparently these creditors have some arrangement where they dedu…

Reddit Personal Finance 699 2024-07-15

better ways to invest 18k?

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better ways to invest 18k? hi! im 20 y/o and have around 18k saved up. i’ve had it in a capital one hysa for about a year now, but just switched to marcus for 4.4%. what are the best ways to invest besides cds (12mo. @5.15%) and a roth (already done). would definitely be interested in expanding my investment knowledge but still kind of want to play it relatively safe. any…

Reddit Personal Finance 1.0k 2024-07-15

Credit card debt settlement

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Credit card debt settlement Hi all, I unfortunately landed in the category of someone who made poor decisions and continued to let them spiral. I have a large amount of credit card debt, more than most people’s salary, and more than I like to admit out of pure embarrassment. I stopped paying them about two years ago (I know this was terrible decision making). The majority…

Reddit Personal Finance 1.2k 2024-07-15

Requesting advice for my mom with inheritance

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Requesting advice for my mom with inheritance My 62 y/o mom has gone through it. She’s been homeless a lot of her life and has never had a drivers license or her own money and has not really ever worked. She recently inherited about $120k. She lives with her sister who probably won’t live much longer and is doing reverse mortgage. So once she passes she will most likely move in with one of …

Reddit Personal Finance 891 2024-07-15

20k sitting in checking account

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20k sitting in checking account Im 19 and have 20k in my checking account. I work full time making 20/hr and have a 401k through work. Still live with my parents and have no debt. Looking for suggestions on how to grow this submitted by /u/v0xxus

Reddit Personal Finance 865 2024-07-15

Credit card debt and personal loans

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Credit card debt and personal loans I have 9k in credit card debt on multiple cards. The apr is all just about the same. Is it better for me to take out a Personal loan and pay them all off. Then put all my money toward the loan or pay it off credit card by credit card? submitted by /u/RoughUpstairs8942

Reddit Personal Finance 422 2024-07-15

Spend 30k cash on a car or buy a more frugal option

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Spend 30k cash on a car or buy a more frugal option Im 20 and have around 50k in savings and make 118k a year. I max out my 401k, ESPP, HSA, and also have vested stock from my company valued at 25k a year for 4 years (100k total). I’ve always wanted a Lexus ES 350 and would love to be able to own one which I could pay for with cash costing around 30k, however I understand the trap of wasting mone…

Reddit Personal Finance 945 2024-07-15

Should I convert to Roth?

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Should I convert to Roth? Hey guys, just wanted to ask if converting makes sense in my situation. 7 k roth, funded this year 4k traditional funded last year, fully deducted 80k annual income started in May this year. Moved to Virginia, not sure if I will stay in Virginia though. I think this might be important because virginia has 5.9 % state income tax. And regardless, …

Reddit Personal Finance 1.2k 2024-07-15

What happened to my husband‘s personal injury settlement when he was a minor?

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What happened to my husband‘s personal injury settlement when he was a minor? Could a personal injury settlement that was placed in an investment account for my spouse as a minor, have been deposited into his mother’s bank account without his knowledge? My husband was involved in a car wreck when he was a kid (1992) that caused him major injury, and he almost died on the operating table. Of course he was very little when …

Reddit Personal Finance 925 2024-07-15

Roth vs 401 k with no match/contributions

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Roth vs 401 k with no match/contributions I’m 26 and have about 30k in a Roth and 10k in a 401k. My net worth of all assets outside of retirement is about 200k. I’ve worked hard and I manage a lot of my own finances. My company does not match my 401k so I mostly max my Roth out every. This year I’ve already saved about 10k but I’m trying to buy a house so imo I’d like to stop contributi…

Reddit Personal Finance 850 2024-07-15