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Is Maxing 401k and Roth IRA enough for Retirement? Hey all, I’m doing some retirement planning and i’m trying to simplify my approach to saving. I want to just max out my traditional 401k and Roth IRA every year and really not have to think about it again assuming my salary allows this every year. I currently make $130k a year and have ~30k in my traditional 401k and 10.5k in my roth ira I’m 23…

Is it possible to avoid Transamerica’s 401K admin percentage fees by doing regular partial rollovers to a Fidelity IRA? First, I feel the need to apologize in case I say anything misinformed. I’m pretty new to having a 401K, so please let me know if anything I say is incorrect! The 401K I have with my current employer is with Transamerica. I don’t really trust this provider as I understand they have a few confusing hidden fees that can really add up. 1) Is it pos…

My ex will be buying me out of our house. What should I do with the payment? My ex will be buying me out of our house. He doesn’t want to sell, so he will be paying me $115,000. I have $30,000 currently saved in a high yield savings account (4.35% APY). Should I just put the 115k in there as well and just leave it? Here’s what I don’t have: A retirement plan, A house, Knowledge on investing I’m 31, self employed, and mak…

Help! Square won’t delete my account (that I didn’t even use!) I was invited by a company to their Square dashboard but I never ended up working for that company (I am a designer and I’m not really sure why they gave me this access) but I never ended up working with them. However when I was given the invite to dashboard to square it created an account for me. I have never used it but when I login I have zer…

How bad will this be? Break up after 8 years. I’ve just recently broken up after about a 8 year relationship. I’m so scared about what will happen next and if I’ll be able to stay afloat financially. I know already I’m going to need to get a second job to replace the small amount my ex was contributing. I’m only 23 and it feels like my life is in shambles. Any and all advice is appreciated….

Boyfriend got fired, any advice welcome! Hi Reddit, I’m posting this anonymously, so fake names, because I don’t want to worry anyone in my/his family, but this is an emergency and I could really use some advice. As the title states, my boyfriend Sam lost his job recently. He was a manager of a parts store and a damn good employee, working more than required (often 50+ hours despite be…

Bird in hand or two in the bush? 27m have been working as a dental lab technician for the last 8 years. I don’t love the work; sitting in a computer designing crowns and stuff. I’d love to work with patients. I currently make $80,000. With my experience, I could get a job in a different state making $100,000-$120,000. However, I’m considering going back to school for dentistry….

What are the advantages of buying a home in cash verses taking out a mortgage? I am steadily growing my savings while living at home and am hopeful that I will have enough to purchase a home in cash in a few years. However, I have no experience in investing and don’t understand the advantages of purchasing a home in cash verses taking out a mortgage? What would you do if you had cash in hand? Edit: I would be paying off my…

Using 529 for laptop Does anyone know if my daughter can use her 529 to purchase a laptop when she is only taking 1 class? My research doesn’t show any class requirements, however, a tax advisor thought you had to be at least 1/2 time. Thoughts? submitted by /u/GovernmentExpress823

What account type for many contributors? TLDR: what kind of account should I open to fund my parents retirement? There will be 8 different contributors every month and this is not an investment account as they are old and I would like them to retire immediately. My parents are in their late 60’s and still working. I asked what their plans are for retirement and my dad chuckled, saying…

Can you get a personal loan with new job contract and before the first paycheck? Did not have regular income before that. Just got my job (50k in eu so it’s considered above average) and I need a loan under 30k asap submitted by /u/occurreddid55

Selling my car with a balance on it. Hi! This is my first time selling a vehicle. I’m looking to downsize/get rid of my monthly payment. I have a vehicle that I owe $27,000 on it, Carmax gave me a quote to buy it for $25,000. I’m planning to buy a car cash for $6,000. Would it be smart to make this move? TIA. submitted by /u/Stock_Composer_9090

Should I take out a Home Equity Loan? I have 25K in credit card debt (awful, I know!). I owe 232K on my home which is worth 625K. And I also need to make some home improvements (around 15K). Should I take out a 40K Home Equity Loan at 6.7% for 15 years (about 350/mo payments)? I have solid, steady income but no savings. submitted by /u/Sbgej5

Not sure what to do here, a credit card at 1800matress store opened in my name, never heard of the place it is attached to kikoff, which I also have never heard of before now. What should I do about this? submitted by /u/samknox98

Septic hookup project – cash vs loan My township is requiring all residents within an area to convert from their private septic systems to a newly run sewer system (don’t get me started). The project plus hook up fees is about 20k. I have secured a contractor and they plan to start in the next couple months. My wife and I have the money to pay for this project in full. We currentl…

US citizen working in Japan. Wondering what to do with income before returning to America. Finishing my contract in the JET Program in August and currently planning out what to do with my Japanese savings before I return home. The conversion rate from Yen to USD is atrocious ($1 = ¥154) right now and I’d love to not get eaten alive when I transfer the money back. I was thinking of letting the money sit in a Wise account until things…

Trying to buy a home but credit score just dropped 20 points I currently rent and my rent is going up pretty significantly at the end of the year so I want to be out by then. I’m getting older so I want to buy a home and live in something that I actually own. My friend is a realtor and I’ve been talking to them about it for a few months now. They told me I should bring my credit score up by 20 points befo…

Debt of 3250 That seems like a small amount for some but for me that’s alot Hey I have a debt of 1000 credit card with commbank I have never missed a repayment but it’s quite near the max amount I’ve ever been paying Min payment but am calling them today to talk I have a medical bill of 1960 that was 1500 with cashconverters which was so fkn dumb i know regret it so so much but my mum was in hospice and I needed to hel…

Save for a house or invest more into the market? 21 Salary= 60k/y NW= 66k 54k = stocks 12k = savings I currently live with my parents and therefore have low expenses allowing me to save / invest ~3k/month. My question is whether i should allocate all 3k/month to my stock accounts or if putting half of that into a savings account for a downpayment is worthwhile. What type of variables should I…

Is fixed index annuity a scam? I found that in my Chinese community there are many insurance agents or so called financial consultants constantly promote sales of the fixed index annuity. They claimed that it keeps growing and no tax for interest gains. From my intuition, I don’t trust them. I am wondering if anybody knows about it? submitted by /u/muddyyman …