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1006ury	I grew up as an only child with my dad working and my mom stayed home. We never have all of the fanciest things or unnecessary things, but it also didn't seem like we missed out on anything. I observed and learned that they just didn't spend money they didn't have, saved up, and invested wisely. They never had a fin...	Your approach to money management and investing has clearly worked well for you and your family. As an AI financial advisor, I can tell you that a financial advisor isn't necessary for everyone. Financial advisors can provide a range of services, from investment advice to comprehensive financial planning. Individuals...	### Human I grew up as an only child with my dad working and my mom stayed home. We never have all of the fanciest things or unnecessary things, but it also didn't seem like we missed out on anything. I observed and learned that they just didn't spend money they didn't have, saved up, and invested wisely. They never...
1005xmw	Couple w/ Gross Income ~$127,000 Take Home ~$67,000 after taxes, insurance, and 401k contributions (one persons 401k is maxed for 2023). Monthly expenses ~$2500 ~$1900/month goes in a regular savings. We spend it on travel or emergencies. Put an additional ~$1180/month into a high interest savings account (3.75%)...	From a high-level perspective, your savings and investing strategy seems solid. However, there are a few areas where you could possibly optimize: 1. Emergency Fund: It's a good practice to keep 3-6 months of living expenses in an easily accessible account for emergencies. Based on your monthly expenses of $2,500, ...	### Human Couple w/ Gross Income ~$127,000 Take Home ~$67,000 after taxes, insurance, and 401k contributions (one persons 401k is maxed for 2023). Monthly expenses ~$2500 ~$1900/month goes in a regular savings. We spend it on travel or emergencies. Put an additional ~$1180/month into a high interest savings accou...
1005hzw	I'm in the military and am moving to California for my next station. Right now I do not have a vehicle, but need one once I get there. I make about 17k (fuck) and have about 8k right now in a hysa, 2k in my checking, and 2.7k cash that I'm going to deposit. I think a truck would work best for me and will motivate me ...	Thank you for your service and the opportunity to provide some financial advice. Given your income and savings, it would be wise to spend as little as possible on a vehicle and still get something reliable. I'd recommend considering a used vehicle, maybe in the $5,000-$7,000 range. This would leave you with some savi...	### Human I'm in the military and am moving to California for my next station. Right now I do not have a vehicle, but need one once I get there. I make about 17k (fuck) and have about 8k right now in a hysa, 2k in my checking, and 2.7k cash that I'm going to deposit. I think a truck would work best for me and will mo...
1005gb0	&#x200B; For t-bill 912796YN3, announce day 12/29/2022, auction day 01/03/2023 I would purchase it at Fidelity. When is the last moment I can bid/purchase this t-bill at Fidelity, 11:59 pm on January 3, or anytime else? &#x200B; TIA!	The exact cut-off time can vary from one brokerage to another, and I would recommend checking with Fidelity for the most accurate information. However, generally, most brokerages require orders to be placed before the auction. The U.S. Treasury usually conducts auctions for T-bills around 11:30 AM Eastern Time. So, if ...	### Human &#x200B; For t-bill 912796YN3, announce day 12/29/2022, auction day 01/03/2023 I would purchase it at Fidelity. When is the last moment I can bid/purchase this t-bill at Fidelity, 11:59 pm on January 3, or anytime else? &#x200B; TIA! ### Assistant The exact cut-off time can vary from one brok...
1005azk	I woke up yesterday surprised that Specialized Loan Servicing pulled our mortgage even though it's slated for the first of January. The current amount shows pending withdrawal in my bank account, and the money is already 'gone.' I checked their site, and it says it will pull again tomorrow with no indication that t...	It seems like you're dealing with a potential error or miscommunication with Specialized Loan Servicing (SLS). This situation can be quite confusing, especially if you're new to managing a mortgage payment. Generally, lenders should only withdraw the funds on the date you've agreed upon. If the payment is deducted earl...	### Human I woke up yesterday surprised that Specialized Loan Servicing pulled our mortgage even though it's slated for the first of January. The current amount shows pending withdrawal in my bank account, and the money is already 'gone.' I checked their site, and it says it will pull again tomorrow with no indicat...
100563d	I am foreigner working in the US on a visa (not an h1b) and i have no idea about the 401k or the roth. Any basic advice for someone on these things? Or is there a wiki or a youtube channel that explains these things for the naive? Appreciate any help, i can provide any extra info needed	Sure, I'd be happy to provide some basic information about 401k and Roth IRA accounts. 1. 401k: A 401k is a retirement savings plan sponsored by an employer. It allows employees to save and invest a portion of their paycheck before taxes are taken out. Taxes aren't paid until the money is withdrawn from the account. M...	### Human I am foreigner working in the US on a visa (not an h1b) and i have no idea about the 401k or the roth. Any basic advice for someone on these things? Or is there a wiki or a youtube channel that explains these things for the naive? Appreciate any help, i can provide any extra info needed ### Assistant Sure, ...
1004w05	My parents are grantors of the trust and I am a trustee. My dad passed away earlier this year and my mom gave her blessing to let me use funds from a bank account under the trust, along with my own money to be able to put 20% down on a condo. The property will be in my name. The money has been in trust for over a year ...	As an AI, I can provide some general insight into the situation, but please consult a tax specialist or attorney for advice tailored to your specific situation. Trusts are typically set up to avoid probate and can provide a legal way to transfer wealth without incurring gift taxes. As a trustee, you're responsible for...	### Human My parents are grantors of the trust and I am a trustee. My dad passed away earlier this year and my mom gave her blessing to let me use funds from a bank account under the trust, along with my own money to be able to put 20% down on a condo. The property will be in my name. The money has been in trust for ov...
1004vv5	For 2022, is the contribution deadline December 31st or April? I few days ago I contributed 6k to my traditional Ira.	The contribution deadline for IRA (Traditional or Roth) for the tax year 2022 is typically April 15, 2023. This means you can make contributions for 2022 anytime from January 1, 2022, up to the deadline in April 2023. Please bear in mind that tax laws and deadlines can occasionally change, so it's always a good idea to...	### Human For 2022, is the contribution deadline December 31st or April? I few days ago I contributed 6k to my traditional Ira. ### Assistant The contribution deadline for IRA (Traditional or Roth) for the tax year 2022 is typically April 15, 2023. This means you can make contributions for 2022 anytime from January 1,...
1004us0	I am in NJ, I just secured a second remote job where I make a 'salary' but Im only contracted from Nov-May pending negotiations after that point. So I worked Nov 1- and onward, as it pertains to me reporting my taxes for year 2022 (I had two other jobs where I filled out W-2's, worked about 6 months at one, am still cu...	While I can provide some general guidance, I highly encourage you to consult with a tax professional for an accurate assessment. Your tax situation can be complex due to multiple jobs and deductible expenses, and it's important to get personalized help. Generally, the amount of taxes you owe or the refund you receive ...	### Human I am in NJ, I just secured a second remote job where I make a 'salary' but Im only contracted from Nov-May pending negotiations after that point. So I worked Nov 1- and onward, as it pertains to me reporting my taxes for year 2022 (I had two other jobs where I filled out W-2's, worked about 6 months at one, a...
1004q28	My wife is switching over to my insurance plan for 2023. I signed her up through my employer. However, she forgot to decline health insurance with her current employer. We realized she's enrolled in two health insurance plans now. Can she opt out of her current company's plan? Or does she now have to pay for both plans...	Your wife's ability to drop her current employer's health insurance will depend on the specific policies and procedures of her employer and the insurer. Typically, employees can only drop or change their health insurance during the open enrollment period or when experiencing a qualifying life event, such as getting m...	### Human My wife is switching over to my insurance plan for 2023. I signed her up through my employer. However, she forgot to decline health insurance with her current employer. We realized she's enrolled in two health insurance plans now. Can she opt out of her current company's plan? Or does she now have to pay for ...
1004q1u	Right now I’m maxing out 401k and HSA, and I am no longer eligible to participate in a Roth IRA due to the income restrictions. I have an emergency fund that would cover about 6-7 months expenses however ideally I want to use that for a wedding and housing downpayment in 2-3 years. I am also investing $500 per month ...	It's great that you're actively investing and saving for your future. Here are a few thoughts: 1. Emergency Fund: An emergency fund is typically for unexpected expenses or financial hardships, such as job loss or medical emergencies. If you plan to use your emergency money for a wedding and housing downpayment, it wou...	### Human Right now I’m maxing out 401k and HSA, and I am no longer eligible to participate in a Roth IRA due to the income restrictions. I have an emergency fund that would cover about 6-7 months expenses however ideally I want to use that for a wedding and housing downpayment in 2-3 years. I am also investing $500 ...
1004k51	January 2022, I had a tele-appointment with my psychiatrist. She was debating on whether to continue with the video calls or bring patients back into the office. The next day I see $25 out of my bank account, to which I call not only Humana, but the doctor. Humana says I have no copay, Dr says "no, our representative s...	I'm sorry to hear about the issues you're facing. Here are some steps you can take: 1. Document Everything: Keep track of all communications. This includes dates and times of calls, what was discussed, and any actions taken. Include any written correspondence such as emails or letters. 2. Write a Formal Letter: Send ...	### Human January 2022, I had a tele-appointment with my psychiatrist. She was debating on whether to continue with the video calls or bring patients back into the office. The next day I see $25 out of my bank account, to which I call not only Humana, but the doctor. Humana says I have no copay, Dr says "no, our repres...
1004isk	My family's portfolios are divided between 3 Schwab accounts and 2 Thrift Savings Plan accounts. I'd like to be able to track the overall performance of the portfolios vs a comparator (S&P or something) as well as the performance of each component by itself. Any suggestions? I could just go with monthly account...	You're right, tracking investment performance across multiple accounts can be a challenge, especially when you add in factors like contributions and withdrawals. Here are a few options you might consider: 1. Spreadsheets: You can create a custom spreadsheet using Excel or Google Sheets. You'd need to manually ente...	### Human My family's portfolios are divided between 3 Schwab accounts and 2 Thrift Savings Plan accounts. I'd like to be able to track the overall performance of the portfolios vs a comparator (S&P or something) as well as the performance of each component by itself. Any suggestions? I could just go with month...
1004djv	Hello! I'm 19 years old and I currently work full time as a front desk agent. I've been looking into investing and retirement plans for a few months but everything is still so confusing to me. I'm getting a headache reading 20 different answers and all these options and IRA's and everything. I hope this subreddit could...	Hello there! It's great to see that you're taking steps towards financial planning at such a young age. Let's go through your queries one by one: 1. Betterment: Betterment is a robo-advisor that offers services like investment management and financial planning. It's a simple, low-cost option for beginner investors...	### Human Hello! I'm 19 years old and I currently work full time as a front desk agent. I've been looking into investing and retirement plans for a few months but everything is still so confusing to me. I'm getting a headache reading 20 different answers and all these options and IRA's and everything. I hope this subre...
1004cue	I also posted this in r/CRedit but am looking for some more advice. Hi everyone, I am here looking for a bit of advice. I graduated college in May and never paid my last two rent payments for my Spring semester. I had a lot of personal issues this school year and did not pay because I had absolutely no money and no wa...	Yes, it would be best for you to reach out to the collections agency and pay off the outstanding balance as soon as you can. The longer you delay, the worse it can get for your credit score. Here are the steps you can take: 1. Verify the Debt: Before you pay anything, make sure the debt is yours. Reach out to the ...	### Human I also posted this in r/CRedit but am looking for some more advice. Hi everyone, I am here looking for a bit of advice. I graduated college in May and never paid my last two rent payments for my Spring semester. I had a lot of personal issues this school year and did not pay because I had absolutely no money...
10049g4	Hi guys I've been 18 for a few months now and now have enough of my expensive cover to finally beginning investing seriously. I know the general information of investing but I'm really struggling on where to first open an account and what to consider for opening a brokerage account to invest into stocks, bond, etc. and...	Hello, it's great to see your enthusiasm about getting into investing. Here are some steps to guide you through the process: 1. Choosing a brokerage account: There are several online brokerage firms that cater to different investing needs. Some, like Vanguard and Fidelity, are known for their low-cost mutual funds...	### Human Hi guys I've been 18 for a few months now and now have enough of my expensive cover to finally beginning investing seriously. I know the general information of investing but I'm really struggling on where to first open an account and what to consider for opening a brokerage account to invest into stocks, bond...
10048b4	Hi everyone, I have been having some trouble lately. I am a full time student and a part time worker looking for side gigs so I can save money when I go to veterinary school (which can put me in over $250,000 in debt). I don’t know anything about stocks or trading or side gigs at all, and I’m looking into affiliate mar...	Hello! It's great to see your motivation and eagerness to find additional income streams. Here are some suggestions: 1. Affiliate Marketing: If you have a decent following on social media, or you're willing to build one, affiliate marketing can be a good source of income. You promote a company's product or service...	### Human Hi everyone, I have been having some trouble lately. I am a full time student and a part time worker looking for side gigs so I can save money when I go to veterinary school (which can put me in over $250,000 in debt). I don’t know anything about stocks or trading or side gigs at all, and I’m looking into aff...
10043f4	Hello all: I'm a 33 y/o male living/ working in NYC. I'm employed in the legal industry. My salary is approximately $150K per year. I would like to start effectively saving for a home (preferably multi-family). I would like to stay in NYC long-term. However, I'm also open to surrounding suburbs. Regarding a...	Hello, Based on your information, it's great that you have a clear goal and that you are actively saving and investing. Here is a personalized plan to help you save for your home: 1. Budgeting: The first step to saving is always to know where your money is going. A clear and concise budget will help you understan...	### Human Hello all: I'm a 33 y/o male living/ working in NYC. I'm employed in the legal industry. My salary is approximately $150K per year. I would like to start effectively saving for a home (preferably multi-family). I would like to stay in NYC long-term. However, I'm also open to surrounding suburbs. R...
1003u24	Thanks everyone for the comments, I wish everyone the best and Happy New Year!	Thank you! Happy New Year to you too! May this new year bring you prosperity and financial well-being. If you have any financial questions or need advice in the coming year, don't hesitate to ask.	### Human Thanks everyone for the comments, I wish everyone the best and Happy New Year! ### Assistant Thank you! Happy New Year to you too! May this new year bring you prosperity and financial well-being. If you have any financial questions or need advice in the coming year, don't hesitate to ask.<eos_token>
1003rme	It's been very tough for me. I'm going to have to let go of the car. It started with not being able to afford the insurance but now I know in order to get back on my feet and rebuild my credit which was in the 700s not even 4 months ago I need to let go of it. Is this possible? What methods are there to this? I will ...	I'm sorry to hear about your situation. Financial challenges are difficult to navigate, but you're making the right decision by seeking advice and trying to take control of your situation. If you can't afford your car anymore, there are a few options you might consider: 1. Sell Your Car: If the market value of yo...	### Human It's been very tough for me. I'm going to have to let go of the car. It started with not being able to afford the insurance but now I know in order to get back on my feet and rebuild my credit which was in the 700s not even 4 months ago I need to let go of it. Is this possible? What methods are there to thi...
1003on7	Tl;Dr - in-laws make high ticket purchases on eBay using my account and they pay me for the purchases. Makes me feel uneasy doing it but unless it's illegal I can't easily just say no. Am I getting myself into future trouble? My in-laws have seasoned, fluid cash that is gotten legally from 1099 contract jobs, and they...	It's understandable you'll feel uneasy about this situation. While it may not necessarily be illegal, it can certainly raise red flags with financial entities, including your bank, the Financial Crimes Enforcement Network (FinCEN) and the IRS. Here are some potential issues: 1. Suspicious Activity Reports (SAR):...	### Human Tl;Dr - in-laws make high ticket purchases on eBay using my account and they pay me for the purchases. Makes me feel uneasy doing it but unless it's illegal I can't easily just say no. Am I getting myself into future trouble? My in-laws have seasoned, fluid cash that is gotten legally from 1099 contract jobs...
1003o86	Hello, I'm looking to make a purchase using my Healthcare FSA funds. The merchant is not coded as a supplier of medical devices so my card is being declined and I'll need to purchase the item and submit the receipt/expense. If I make the purchase today and submit proof of purchasing on today's date, will my funds from...	Yes, your funds from this year should cover the purchase as long as the transaction date is within the current plan year. The key factor is the date of service or transaction date, not the date you submit the expense for reimbursement. However, it's important to submit your reimbursement request as soon as possible to ...	### Human Hello, I'm looking to make a purchase using my Healthcare FSA funds. The merchant is not coded as a supplier of medical devices so my card is being declined and I'll need to purchase the item and submit the receipt/expense. If I make the purchase today and submit proof of purchasing on today's date, will my ...
1003c7h	I've had a Discovercard for 6 years but I recently started getting rent reporting through my rent management portal (TenantCloud) and ever since they started reporting (1.2 + 2 months ago, just renewed lease) its completely tanked my average age of account from 6 years down to 2.5. Also it shows up as a personal loan....	The average age of accounts (AAoA) is a significant factor in the calculation of your credit score. When a new account is added, especially one with a short history like your rent reporting, it can lower your AAoA and potentially impact your credit score. However, it's important to remember that AAoA is just one factor...	### Human I've had a Discovercard for 6 years but I recently started getting rent reporting through my rent management portal (TenantCloud) and ever since they started reporting (1.2 + 2 months ago, just renewed lease) its completely tanked my average age of account from 6 years down to 2.5. Also it shows up as a pers...
1003955	I paid a large amount to have two pods delivered to me to Washington(from Texas), based on the start of my house lease in Washington. PODS however changed the delivery date to a week later, after one of the two pods was delivered. They then changed the delivery time in Washington, from early morning to late in the eve...	I am sorry to hear about the issues you are facing. Here are some steps you may consider: 1. Document: Keep a detailed record of all your interactions, conversations and transactions with both PODS and the credit card company. 2. Contact and Dispute: Reach out to PODS again with all the evidence you have collected. ...	### Human I paid a large amount to have two pods delivered to me to Washington(from Texas), based on the start of my house lease in Washington. PODS however changed the delivery date to a week later, after one of the two pods was delivered. They then changed the delivery time in Washington, from early morning to late ...
1002pwp	A little background, I am 22 years old and make around 17k a year. I am currently investing in an employee 401k through capital group and contribute 10% of my paycheck and my employer matches up to 3%. My second fund is Vfiax (vanguard s and p500 index fund much lower .04 expense ratio) in my Roth IRA. I make sure to m...	It sounds like you have a good start on your retirement savings strategy. Here are some pointers to consider: 1. Prioritization: Given your current income, it's crucial to prioritize your investments. Since your employer offers a 3% match on your 401k, you should at least contribute enough to get that match - it's...	### Human A little background, I am 22 years old and make around 17k a year. I am currently investing in an employee 401k through capital group and contribute 10% of my paycheck and my employer matches up to 3%. My second fund is Vfiax (vanguard s and p500 index fund much lower .04 expense ratio) in my Roth IRA. I make...
1002h3v	Hi all, I'm writing this post in search of methods to pay off all of my CC debt. I currently have 2800 in checking/cash, although my debts (5380) are: BOFA 2800 @ 24.74% (around $58 in interest/month) CFU 1000 @ 0% until 09/23 AMEX 780 @ 25.24% (around $28 in interest/month) CSP 800 @ 26.74% (around $29 in intere...	Based on the details you've provided, here's a plan which might help you to tackle your debts: 1. Prioritize Highest Interest Rates: Start by paying off the credit cards with the highest interest rates. This is known as the 'avalanche method'. This means that first and foremost, focus on paying off the CSP card ($8...	### Human Hi all, I'm writing this post in search of methods to pay off all of my CC debt. I currently have 2800 in checking/cash, although my debts (5380) are: BOFA 2800 @ 24.74% (around $58 in interest/month) CFU 1000 @ 0% until 09/23 AMEX 780 @ 25.24% (around $28 in interest/month) CSP 800 @ 26.74% (around $29...
1002gw0	Will I pay tax twice if I contribute to IRA from bank account?	No, contributing to an IRA (Individual Retirement Account) from your bank account does not mean you will be taxed twice. If you're contributing to a traditional IRA, your contributions are typically made with pre-tax dollars meaning you get a tax deduction for the amount you contribute. Taxes will be due when you with...	### Human Will I pay tax twice if I contribute to IRA from bank account? ### Assistant No, contributing to an IRA (Individual Retirement Account) from your bank account does not mean you will be taxed twice. If you're contributing to a traditional IRA, your contributions are typically made with pre-tax dollars meanin...
1002gvw	I am looking for a bit of help for my father in law. He is married and living in CT, USA. His son started PHD this year in MA. He wants to claim him as a dependent. Is it possible? Will he have to fill out CT and MA state taxes? Will my brother in law have to fill out taxes in MA/CT/Federal? Any advice or link would b...	As an AI, I can provide some general advice on this matter, but please consult a tax professional for advice tailored to your family's specific situation. For federal tax purposes, the IRS sets certain tests to determine if a person can be claimed as a dependent. These include age, relationship, support, and joint re...	### Human I am looking for a bit of help for my father in law. He is married and living in CT, USA. His son started PHD this year in MA. He wants to claim him as a dependent. Is it possible? Will he have to fill out CT and MA state taxes? Will my brother in law have to fill out taxes in MA/CT/Federal? Any advice or li...
1002g4a	Does the capital gains tax rate work like income tax - you pay a given rate for all income within each rate threshold - OR is it the case that as soon as your income crosses the earning threshold, you pay capital gains taxes on all of your capital gains (even those below the income threshold for that rate)? H...	Your capital gains tax rate is determined based on your taxable income, which includes your wages, interest, dividends, and capital gains. If your total taxable income is $40,000 and you have capital gains of $2,000, then your total taxable income is $42,000. In 2022, the 0% long-term capital gains tax rate applies to...	### Human Does the capital gains tax rate work like income tax - you pay a given rate for all income within each rate threshold - OR is it the case that as soon as your income crosses the earning threshold, you pay capital gains taxes on all of your capital gains (even those below the income threshold for that...
1002fe9	Hi there! I am in my late 20s and my parents have decided to gift me 45K for a future down payment. They want me to find my own place and start paying for mortgages as soon as possible. I plan to focus on getting a new job in 2023 and won't start home searching until late 2023 / early 2024. My question is, what would b...	Happy New Year! That's a generous gift from your parents, and it's great to see you're thinking ahead about the best way to manage it. You have a couple of options depending on your risk tolerance and financial goals. 1. High-yield savings account: This is the safest option, and it seems like you're already consi...	### Human Hi there! I am in my late 20s and my parents have decided to gift me 45K for a future down payment. They want me to find my own place and start paying for mortgages as soon as possible. I plan to focus on getting a new job in 2023 and won't start home searching until late 2023 / early 2024. My question is, wh...
10028z9	Does anyone know of a 401k calculator that also takes after tax contributions into account? All the ones I have found online only do the math up to the max pre tax contribution limit.	It seems that many mainstream 401k calculators may not have the feature to include after-tax contributions. However, some sophisticated financial planning software might have this option. For instance, software like WealthTrace, Quicken, or Personal Capital may provide more customizable calculations. Alternatively, y...	### Human Does anyone know of a 401k calculator that also takes after tax contributions into account? All the ones I have found online only do the math up to the max pre tax contribution limit. ### Assistant It seems that many mainstream 401k calculators may not have the feature to include after-tax contributions. H...
10024zn	I did look, so apologies for another FSA question. I need to finish the purchases today, and I’m the dummy who put it off. I have a little money left to spend, and an FSA card that Amazon recognizes for those kinds of expenses. There are specific items I want, that I think they should be listed as FSA/HSA eligible (f...	Happy New Year! No worries about the questions, that's what I'm here for! 1) While Amazon does have a list of FSA/HSA eligible items, they are not the ultimate decider. The IRS determines the eligibility of these items. That being said, each FSA administrator can impose additional restrictions on what is and isn't eli...	### Human I did look, so apologies for another FSA question. I need to finish the purchases today, and I’m the dummy who put it off. I have a little money left to spend, and an FSA card that Amazon recognizes for those kinds of expenses. There are specific items I want, that I think they should be listed as FSA/HSA e...
100245w	I am currently putting money each pay in to a savings account for my son, but the interest is minimal. Should I put this into a PA 529 or a high yield savings account? This money will be for him later in life naturally.	Both a 529 plan and a high yield savings account have their own unique advantages and considerations. A PA 529 plan is a tax-advantaged savings plan designed specifically for future education costs (K-12 tuition, post-secondary, etc.). The funds in the account grow tax-free and withdrawals for qualified educational e...	### Human I am currently putting money each pay in to a savings account for my son, but the interest is minimal. Should I put this into a PA 529 or a high yield savings account? This money will be for him later in life naturally. ### Assistant Both a 529 plan and a high yield savings account have their own unique adva...
10023cs	Hi Everyone, I just started a new job and have some questions on where I should put my 401k allocations. I was hoping to put some in VTSAX and SP500 index funds, but I'm not sure which ones they are and how much of a percentage I should put in each. If you could point me in the right direction, I would greatly appre...	Hello, Considering your age and the amount you have in securities and 401k, you should aim for a diversified portfolio with a mix of stocks and bonds that aligns with your risk tolerance and time horizon. Here's a simplified breakdown for you: 1. S&P 500 Index Fund: This fund is similar to VTSAX as it tracks lar...	### Human Hi Everyone, I just started a new job and have some questions on where I should put my 401k allocations. I was hoping to put some in VTSAX and SP500 index funds, but I'm not sure which ones they are and how much of a percentage I should put in each. If you could point me in the right direction, I would gre...
10020a3	Hey guys - I’m looking to upgrade my savings account to an HYSA. After doing some digging, there’s two finalists that I like: Marcus by Goldman Sachs - 3.3% APY - large institution that I have positive experiences with already - funds available same day if need be - fabulous UX (I work in UX so that’s important to m...	Choosing between the two would depend on your priority. If your main concern is the highest possible return on your savings, the SalemFive Direct HYSA clearly has a higher interest rate. It's worth noting that while the funds take longer to transfer, they are still accessible. The lack of an app might be inconvenient...	### Human Hey guys - I’m looking to upgrade my savings account to an HYSA. After doing some digging, there’s two finalists that I like: Marcus by Goldman Sachs - 3.3% APY - large institution that I have positive experiences with already - funds available same day if need be - fabulous UX (I work in UX so that’s impo...
1001yy6	Hi there PF — Throwaway account here. I was hoping to get some alternative perspectives on a major home expansion that I am considering undertaking and the future implications/options of having a significant amount of equity tied up in my primary residence. Situation: Current home is too small for long term growing f...	Hello there! You've asked some very thoughtful questions. Here's some guidance for you: 1) Having a significant amount of equity tied up in your primary residence: Equity in your home is not a liquid asset and it's not an asset you can easily turn into cash should you need it. While home equity can be a great way to...	### Human Hi there PF — Throwaway account here. I was hoping to get some alternative perspectives on a major home expansion that I am considering undertaking and the future implications/options of having a significant amount of equity tied up in my primary residence. Situation: Current home is too small for long term...
1001vpz	I'm curious how folks here process saving for college and balancing out giving children options/risks of over-saving/valuing private colleges. My partner and I are fortunate to have a good, steady income and are currently maxing out our tax-protected retirement accounts. Both of us were also lucky enough to graduate ...	Planning for your children's education is a significant financial decision and you're right that it involves personal values as much as it does financial strategy. Here are a few strategies to consider: 1. Balanced Approach: Instead of fully funding the 529 plan for the projected cost of a private college, you cou...	### Human I'm curious how folks here process saving for college and balancing out giving children options/risks of over-saving/valuing private colleges. My partner and I are fortunate to have a good, steady income and are currently maxing out our tax-protected retirement accounts. Both of us were also lucky enough to...
1001urn	Hey guys, I'd just like to explain my parents' retirement situation here and get your suggestions on what I should do to best help them in this crucial point in time. My mom is a stay at home mom, and my dad is in his mid-40s and earns a high six-figure base salary, with bonuses and stock options on top of that. His 4...	Given your father's high income, it's crucial that he maximizes his retirement savings and reduces his tax liability. A Certified Financial Planner (CFP) or a CPA who specializes in retirement planning would be beneficial. Here are some steps you can take: 1. Research and Referrals: Start by finding well-rated fin...	### Human Hey guys, I'd just like to explain my parents' retirement situation here and get your suggestions on what I should do to best help them in this crucial point in time. My mom is a stay at home mom, and my dad is in his mid-40s and earns a high six-figure base salary, with bonuses and stock options on top of t...
1001sp3	401k wellness check I’m sure this has been asked before but I recently did a check on how my overall finances are doing. I’ve googled and researched but I was wondering other opinions on my 401k investments through fidelity. They are as follows: Dryden s&p 500 index fund (is platform) lathe cap blend .86% ex...	Based on the information you've provided, here are some thoughts: 1. 401(k) Allocation: Every investor's situation is unique but generally, having a diversified portfolio is important. Your current allocation seems to be diversified across different fund types. However, the expense ratios on some of your funds are qui...	### Human 401k wellness check I’m sure this has been asked before but I recently did a check on how my overall finances are doing. I’ve googled and researched but I was wondering other opinions on my 401k investments through fidelity. They are as follows: Dryden s&p 500 index fund (is platform) lathe cap ble...
1001or6	I have been managing my elderly mother-in-law’s finances for a year now, after her husband passed away. He did the majority of the bill paying so I took over the job to help her out. They had no savings and were both reliant on social security as their sole income. With his passing, she now only makes about $950 from s...	Firstly, I'm sorry to hear about your situation. It's challenging, especially when dealing with financial matters for the elderly. To answer your question, typically, Social Security income is protected from most creditors. According to the U.S. Department of Health & Human Services, these benefits are protected from...	### Human I have been managing my elderly mother-in-law’s finances for a year now, after her husband passed away. He did the majority of the bill paying so I took over the job to help her out. They had no savings and were both reliant on social security as their sole income. With his passing, she now only makes about $...