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1g0jkl6 | Question about retirement calculators | I've been messing around with [Nerd Wallet's Retirement Calculator](https://www.nerdwallet.com/calculator/retirement-calculator) and a couple others and there is one thing I'm struggling with, once I plug in all of my numbers and get my results, are the values I'm seeing in inflation-adjusted terms?
The results I'... | 1,728,569,051 | 2024-10-10 14:04:11 | tsulahmi2 | 1 | 4 | 1 | Retirement | /r/personalfinance/comments/1g0jkl6/question_about_retirement_calculators/ | https://www.reddit.com/r/personalfinance/comments/1g0jkl6/question_about_retirement_calculators/ | personalfinance | 3m |
1fzkibk | How can I diversify without paying cap gains? | I'm 42 years old and have worked at a tech company for over 10 years. I've also invested in a healthcare company. I'm fortunate because the company I work for and the healthcare company have done very well. The issues are that 1) the portfolio is not diversified and 2) selling the overweighted stocks will result in ... | 1,728,452,670 | 2024-10-09 05:44:30 | rarw1 | 1 | 10 | 0.57 | Investing | /r/personalfinance/comments/1fzkibk/how_can_i_diversify_without_paying_cap_gains/ | https://www.reddit.com/r/personalfinance/comments/1fzkibk/how_can_i_diversify_without_paying_cap_gains/ | personalfinance | 3m |
1fsvd0g | Deciding between HELOC and refinancing a major remodel on our home. | We are looking to do a huge update and addition on our 1950s home and are trying to determine the most financially sound way to fund the project. We currently owe 400k on our house but are locked in at 2.8% interest rate. We have about 300k in equity on our existing house. We will need about 500k to do the full remode... | 1,727,702,386 | 2024-09-30 13:19:46 | Various_Blueberry_58 | 0 | 6 | 0.5 | Housing | /r/personalfinance/comments/1fsvd0g/deciding_between_heloc_and_refinancing_a_major/ | https://www.reddit.com/r/personalfinance/comments/1fsvd0g/deciding_between_heloc_and_refinancing_a_major/ | personalfinance | 3m |
1frtupa | Living trust if moving to another state may be in our future? | My wife and I have a 1 year old daughter. We live in a HCOL city and will eventually move to another state. However, we're not sure exactly when: it could be as early as 6 months from now, or we might stick around for a few more years. On the time scale of 5+ years we'll likely move to another state.
We don't have a l... | 1,727,575,255 | 2024-09-29 02:00:55 | jujube-tree | 2 | 2 | 1 | Planning | /r/personalfinance/comments/1frtupa/living_trust_if_moving_to_another_state_may_be_in/ | https://www.reddit.com/r/personalfinance/comments/1frtupa/living_trust_if_moving_to_another_state_may_be_in/ | personalfinance | 3m |
1fq73mt | Planning for Retirement - Current Plan for Review | Hey all. I have been thinking a lot about retirement lately and want to put together a plan to start tracking progress towards and refine as I get closer to the date. I also want to include major life events to plan around. I thought I'd try to detail out what I am thinking and invite critique or suggestions. Ill i... | 1,727,385,086 | 2024-09-26 21:11:26 | Grevious47 | 2 | 5 | 0.67 | Retirement | /r/personalfinance/comments/1fq73mt/planning_for_retirement_current_plan_for_review/ | https://www.reddit.com/r/personalfinance/comments/1fq73mt/planning_for_retirement_current_plan_for_review/ | personalfinance | 3m |
1fmm3a5 | US IRA Contribution Limits (Generally) Follow Inflation!! Is My Logic Sound? | This might not be news for people, but I now believe that compound calculators for US retirement plans does (kinda) include inflation. I was worried that the result means that no amount would be enough. I now have more assurance that I can give a reasonable annual contribution, and not need to max for my own long-term ... | 1,726,983,322 | 2024-09-22 05:35:22 | AriAchilles | 0 | 6 | 0.5 | Retirement | /r/personalfinance/comments/1fmm3a5/us_ira_contribution_limits_generally_follow/ | https://www.reddit.com/r/personalfinance/comments/1fmm3a5/us_ira_contribution_limits_generally_follow/ | personalfinance | 3m |
1f94zv9 | Who should I talk to for help with next steps? | I'm in my mid-40s and have about \~$5.5M in my brokerage accounts. Around $1M is in SNAXX money market, taking advantage of the high interest rates while they last - and the rest is in stocks, mutual funds and recently $150k into ETFs (VOO, VXUS, VXF). My largest holdings are in AAPL and TSLA, accounting for about $3.6... | 1,725,484,915 | 2024-09-04 21:21:55 | NoItsNotMeToday | 0 | 5 | 0.4 | Other | /r/personalfinance/comments/1f94zv9/who_should_i_talk_to_for_help_with_next_steps/ | https://www.reddit.com/r/personalfinance/comments/1f94zv9/who_should_i_talk_to_for_help_with_next_steps/ | personalfinance | 3m |
1f26phq | 38 yo Seeking Feedback on Savings and where to Send Excess Cash flow | Have been a long time reader of r/personalfinance. Love this community. First post and hoping not to break any rules.
Highlights
* 38 years old
* $1.3M net worth
* I am commission based with average w2 income last 3 years of $495k.
* YTD Income of $200k projecting $400k income
* Wife does not work
* $0 in 401k
... | 1,724,727,030 | 2024-08-27 02:50:30 | neotron86 | 1 | 0 | 1 | Saving | /r/personalfinance/comments/1f26phq/38_yo_seeking_feedback_on_savings_and_where_to/ | https://www.reddit.com/r/personalfinance/comments/1f26phq/38_yo_seeking_feedback_on_savings_and_where_to/ | personalfinance | 3m |
1f1skzh | Can someone help me understand stock options? | I generally do not invest in things I don't understand and I don't think I understand much about finance (save, invest in total stock market funds, and that's about it). I tried reading the Investopedia entry on stock options and I feel like there's too much information and it left me more confused than I was before.
... | 1,724,689,957 | 2024-08-26 16:32:37 | DiscountedPotato12 | 1 | 6 | 1 | Investing | /r/personalfinance/comments/1f1skzh/can_someone_help_me_understand_stock_options/ | https://www.reddit.com/r/personalfinance/comments/1f1skzh/can_someone_help_me_understand_stock_options/ | personalfinance | 3m |
1f13p4d | 51M seeking advice/suggestions on "early retirement" because of mental health and stress | I’m (51M, divorced) looking for some suggestions and ideas on where to go from here, especially in case I have not thought of all my options.
I’m starting to feel desperate because of my mental health and stress levels from my W-2.
**TL;DR:**
* $1.3M in Retirement (401k+IRA)
* $39k/year from rental property inves... | 1,724,611,704 | 2024-08-25 18:48:24 | throwawaybirdbook | 2 | 6 | 0.6 | Retirement | /r/personalfinance/comments/1f13p4d/51m_seeking_advicesuggestions_on_early_retirement/ | https://www.reddit.com/r/personalfinance/comments/1f13p4d/51m_seeking_advicesuggestions_on_early_retirement/ | personalfinance | 3m |
1eyznkq | On-track for retirement at 55? | * 37 Years old, married, no kids
* 750K Combined income with wife (this will fluctuate with RSUs) and I can see myself leaving in a few years so this will drop to like 350ish.
* 700K in 401K (maxed contributions for both of us)
* 50K in cash (4.15% with capital one)
* 550K in stocks (lot of ETFs and individual stocks)... | 1,724,374,298 | 2024-08-23 00:51:38 | aslkdj21234 | 0 | 41 | 0.21 | Retirement | /r/personalfinance/comments/1eyznkq/ontrack_for_retirement_at_55/ | https://www.reddit.com/r/personalfinance/comments/1eyznkq/ontrack_for_retirement_at_55/ | personalfinance | 3m |
1eyhult | Large home renovation financing advice | Looking for some advice on how to finance an upcoming home renovation. For context we own a lot of acreage (70) outside a great city, no plans to ever move and hope it can become a family compound over the years. We have a second small home on the property we have not yet rented but may do so in the future to help pay ... | 1,724,329,114 | 2024-08-22 12:18:34 | throwawayfinance912 | 1 | 1 | 1 | Housing | /r/personalfinance/comments/1eyhult/large_home_renovation_financing_advice/ | https://www.reddit.com/r/personalfinance/comments/1eyhult/large_home_renovation_financing_advice/ | personalfinance | 3m |
1evfd50 | Am I getting scammed on insurance? | (throwaway account). A few years ago, my wife and I decided to sort out our finances with a professional referred by a couple of friends through NWM. We are 53 and 51, have kids aged 14 and 12 and earn about $450k combined. We currently have about $1.3m combined in our 401(k)s, each kid has about $150k in their 529.... | 1,724,003,579 | 2024-08-18 17:52:59 | Alive_Antelope_8953 | 0 | 8 | 0.45 | Insurance | /r/personalfinance/comments/1evfd50/am_i_getting_scammed_on_insurance/ | https://www.reddit.com/r/personalfinance/comments/1evfd50/am_i_getting_scammed_on_insurance/ | personalfinance | 3m |
1eva1ty | Am I oversaving for retirement? | Current base salary of $145k, working since 2020 with incomes of $25k->$91k->$140k->$126k.
Currently contributing $3.2k/2 weeks between Roth/pension/403b and 457 with $160k saved up between all those accounts plus a $21k private brokerage account at 29YO. ($115k saved up between 403b/457 and Roth)
Was going to t... | 1,723,989,953 | 2024-08-18 14:05:53 | NobleChris14 | 0 | 80 | 0.4 | Budgeting | /r/personalfinance/comments/1eva1ty/am_i_oversaving_for_retirement/ | https://www.reddit.com/r/personalfinance/comments/1eva1ty/am_i_oversaving_for_retirement/ | personalfinance | 3m |
1etnrrv | Two Questions on Personal Finance Fundamentals | Hi everyone,
I have two big questions.
**My first question**
I was trying to use the 4% rule to back into how much money I should have for retirement.
My understanding is you find the number you will be spending in retirement, then divide it by 0.04.
For example, if I plan on spending $50,000 yearly in retirem... | 1,723,812,129 | 2024-08-16 12:42:09 | TheLittleRedRooster | 1 | 2 | 1 | Other | /r/personalfinance/comments/1etnrrv/two_questions_on_personal_finance_fundamentals/ | https://www.reddit.com/r/personalfinance/comments/1etnrrv/two_questions_on_personal_finance_fundamentals/ | personalfinance | 3m |
1espq4p | Rate my mortgage budget | We are trying to figure out if we can afford a median priced ($1.3m) home in a VHCOL area. It will be our first and primary home. I'd appreciate some feedback on the following:
Annual Monthly
1 Gross Salary $310,000 $25,833
2 401k Contribution Wife ... | 1,723,709,497 | 2024-08-15 08:11:37 | esalman | 0 | 30 | 0.25 | Housing | /r/personalfinance/comments/1espq4p/rate_my_mortgage_budget/ | https://www.reddit.com/r/personalfinance/comments/1espq4p/rate_my_mortgage_budget/ | personalfinance | 3m |
1eq0aks | Building a new home. Should I keep my current home with a 2.99% mortgage or rent it out? | Here’s some context on my situation. Baby #2 on the way so I need a bigger home. Current home was purchased in 2020 for $600k with a 2.99% mortgage only $450k owed when the new home is complete.
Current home is worth $1.1m - will clear $550k on the sale if I chose to sell it and put it down on the new home.
New home ... | 1,723,423,325 | 2024-08-12 00:42:05 | ztack08 | 1 | 4 | 0.56 | Housing | /r/personalfinance/comments/1eq0aks/building_a_new_home_should_i_keep_my_current_home/ | https://www.reddit.com/r/personalfinance/comments/1eq0aks/building_a_new_home_should_i_keep_my_current_home/ | personalfinance | 3m |
1ejxmty | Just quit my job, should I now pay off mortgage? | 47M. Just quit my job, not sure I plan to get another. My 30 year fixed mortgage has a remaining balance of 470k at 2.75% interest (home value 1.5M). I have 650K in a brokerage account. If I pay off the mortgage I decrease monthly expenses by 3k/month. For additional context, I receive net of taxes and typical exp... | 1,722,784,663 | 2024-08-04 15:17:43 | CMACSNACK | 0 | 52 | 0.35 | Employment | /r/personalfinance/comments/1ejxmty/just_quit_my_job_should_i_now_pay_off_mortgage/ | https://www.reddit.com/r/personalfinance/comments/1ejxmty/just_quit_my_job_should_i_now_pay_off_mortgage/ | personalfinance | 3m |
1eifken | Take Money from Investments to Pay Debt? | PF People,
My wife and I are discussing whether or not to payoff the mortgage on our summer condo. The condo rentals fall about $10k short of covering the annual mortgage payments with a 6% rate. I'd need to take money from our retirement investments to payoff the loan, and the investments are currently earning 13%/yr... | 1,722,618,746 | 2024-08-02 17:12:26 | bmkay | 1 | 3 | 1 | Debt | /r/personalfinance/comments/1eifken/take_money_from_investments_to_pay_debt/ | https://www.reddit.com/r/personalfinance/comments/1eifken/take_money_from_investments_to_pay_debt/ | personalfinance | 3m |
1eaivih | Is it better to own a home or rent? | Hoping someone can help with a debate I'm having with someone. He says that if you take $1.3M cash out of the stock market in order to buy a home in cash, you are giving up roughly $6500 in interest for all future months that the cash is in the house, so he argues that renting is a better deal. However, I say that if y... | 1,721,768,231 | 2024-07-23 20:57:11 | kangaskhaniscubones | 0 | 14 | 0.27 | Housing | /r/personalfinance/comments/1eaivih/is_it_better_to_own_a_home_or_rent/ | https://www.reddit.com/r/personalfinance/comments/1eaivih/is_it_better_to_own_a_home_or_rent/ | personalfinance | 3m |
1e7dux7 | Help - considering lowering contributions to only get the match (TSP) | Our status - late 40s, $1.3M invested mostly in retirement accounts (half Roth), receiving $75k annual between Military pension and VA, I’ll get a federal civilian pension worth about $30k annually when I retire, in 12 years.
Current expenses the past 4 years have averaged $140k, leaving about $40k invested. We’ve be... | 1,721,421,596 | 2024-07-19 20:39:56 | muy_carona | 1 | 3 | 0.67 | Investing | /r/personalfinance/comments/1e7dux7/help_considering_lowering_contributions_to_only/ | https://www.reddit.com/r/personalfinance/comments/1e7dux7/help_considering_lowering_contributions_to_only/ | personalfinance | 3m |
1dzjzw1 | Is it time to retire? How do you know? (age 56) | I'm 56, been in the same career my entire life, independent contactor for the last 18 years and i'm so tired of it, every day at my desk feels like a life sentence.
I HATE my job but don't really like the idea of trying to start a whole new career at 56 - and its hard to leave that money on the table. I could and have... | 1,720,576,475 | 2024-07-10 01:54:35 | citydock2000 | 9 | 99 | 0.54 | Retirement | /r/personalfinance/comments/1dzjzw1/is_it_time_to_retire_how_do_you_know_age_56/ | https://www.reddit.com/r/personalfinance/comments/1dzjzw1/is_it_time_to_retire_how_do_you_know_age_56/ | personalfinance | 3m |
1dxkw6g | Need advice on buying second home: how much down payment and when is the right time | Hi. 38M in HCOL area with family (wife and 2 kids)looking at purchasing a second home (target purchase price of around 1.7M) that we plan to move into while renting out our current house. Wife currently does not work. Would really appreciate advice on whether this makes financial sense. Details:
Gross Income (Annual):... | 1,720,370,778 | 2024-07-07 16:46:18 | toddybear86 | 0 | 5 | 0.25 | Housing | /r/personalfinance/comments/1dxkw6g/need_advice_on_buying_second_home_how_much_down/ | https://www.reddit.com/r/personalfinance/comments/1dxkw6g/need_advice_on_buying_second_home_how_much_down/ | personalfinance | 3m |
1dqoqgv | Seek suggestions on how to prepare the money for a house renovation project |
About to start a home renovation project and considering how to prepare the funds. There are 3 options:
Sell some stocks that have been held for a few years
401k loan
Heloc
Background:
New England very Hcol area
Marginal tax rate ~35% + 6%
House loan 600k , estimated value 1.3m | 1,719,594,457 | 2024-06-28 17:07:37 | Training-Regret-4480 | 0 | 3 | 0.5 | Housing | /r/personalfinance/comments/1dqoqgv/seek_suggestions_on_how_to_prepare_the_money_for/ | https://www.reddit.com/r/personalfinance/comments/1dqoqgv/seek_suggestions_on_how_to_prepare_the_money_for/ | personalfinance | 3m |
1dkagoe | Should I keep putting everything into S&P500? | I've been putting basically all my money into S&P500 (SXR8) and am wondering whether it is time to start doing something more complex.
Some info about my situation first:
I am a 25 years old, single guy and live in Europe. I have about 950k EUR in SXR8 and about 180k EUR in a bank account (mostly been lazy about tran... | 1,718,886,688 | 2024-06-20 12:31:28 | Ok-Principle-5143 | 0 | 5 | 0.4 | Investing | /r/personalfinance/comments/1dkagoe/should_i_keep_putting_everything_into_sp500/ | https://www.reddit.com/r/personalfinance/comments/1dkagoe/should_i_keep_putting_everything_into_sp500/ | personalfinance | 3m |
1djhtc5 | Can I really retire? Seems too good to be true. | UPDATE 6/19 4:30pm ET
Thank you, everyone for your feedback. I think I have plenty of perspectives from which to pull ideas that go beyond simple math.
Much appreciated.
Hello,
Looking for input about the possibility of retiring in 2025. Here’s the lowdown:
-54 years old, wife is 53
-Live and hope to stay in Michiga... | 1,718,799,705 | 2024-06-19 12:21:45 | Zestyclose-Water-640 | 485 | 394 | 0.78 | Retirement | /r/personalfinance/comments/1djhtc5/can_i_really_retire_seems_too_good_to_be_true/ | https://www.reddit.com/r/personalfinance/comments/1djhtc5/can_i_really_retire_seems_too_good_to_be_true/ | personalfinance | 3m |
1d7n5au | Please poke holes in my plan | I’m 58 and looking to leave my job in a VHCOL (Northern Virginia) and move home to a LCOL (Little Rock, Arkansas) and find a job doing whatever or maybe nothing. I’ve been in the DC area for 30 years. I worked for the USG for 13 years (ended up in debt as a result - but got my student loans forgiven) and have been pr... | 1,717,470,396 | 2024-06-04 03:06:36 | Netlawyer | 28 | 19 | 0.8 | Planning | /r/personalfinance/comments/1d7n5au/please_poke_holes_in_my_plan/ | https://www.reddit.com/r/personalfinance/comments/1d7n5au/please_poke_holes_in_my_plan/ | personalfinance | 3m |
1d4y1g3 | Should I pay 1% for an investment manager? | Hello,
Long story short, I know next to nothing about investing. I understand it as a concept, but I've never taken the time to trade or invest etc.
​
I run a small company and I make a decent income. I have around 3m in the market. The investment person I have been using wants to up their fee to 1% of assets... | 1,717,168,538 | 2024-05-31 15:15:38 | HatOld208 | 0 | 24 | 0.36 | Investing | /r/personalfinance/comments/1d4y1g3/should_i_pay_1_for_an_investment_manager/ | https://www.reddit.com/r/personalfinance/comments/1d4y1g3/should_i_pay_1_for_an_investment_manager/ | personalfinance | 3m |
1d4dpk4 | Recently laid off, employer is forcing 401k disbursement. What should I do with it? | HR changed their prior policies, informing me that my 401k will be distributed within a few weeks. Before, it could be left alone, but they said it's not allowed to sit there anymore. I have $1.3M in my account. I'm over 55, so I wouldn't have to pay a 10% penalty to cash out, but I don't know what the best long-term s... | 1,717,101,080 | 2024-05-30 20:31:20 | rustybridge | 546 | 277 | 0.9 | Retirement | /r/personalfinance/comments/1d4dpk4/recently_laid_off_employer_is_forcing_401k/ | https://www.reddit.com/r/personalfinance/comments/1d4dpk4/recently_laid_off_employer_is_forcing_401k/ | personalfinance | 3m |
1d137aw | Doubts about where I am at savings wise and what to do. |
Please don’t take this post as a bragging post or a made up story. I genuinely have doubts probably due to having grown up either a lot of financial scarcity and insecurity.
I’m 52F with a net worth of 1.3M. It’s divided as follows:
250K home equity, 475K mortgage
170K HYSA
230K brokerage
670K 401K
Salary: 175... | 1,716,735,514 | 2024-05-26 14:58:34 | Olympiadreamer | 0 | 21 | 0.19 | Saving | /r/personalfinance/comments/1d137aw/doubts_about_where_i_am_at_savings_wise_and_what/ | https://www.reddit.com/r/personalfinance/comments/1d137aw/doubts_about_where_i_am_at_savings_wise_and_what/ | personalfinance | 3m |
1cyxuxq | Living in House owned by Parents' Trust | Wife's family (i.e. their family trust) bought wife a house with cash in 2014 for $600K, before we met. We started dated, got married, and have been living together in the house since late 2015. House is currently valued at $1.3M. We're in an area that has become very HCOL in recent years.
The trust owns several other... | 1,716,483,772 | 2024-05-23 17:02:52 | dimquestionsonly | 252 | 106 | 0.84 | Housing | /r/personalfinance/comments/1cyxuxq/living_in_house_owned_by_parents_trust/ | https://www.reddit.com/r/personalfinance/comments/1cyxuxq/living_in_house_owned_by_parents_trust/ | personalfinance | 3m |
1cyt2tf | 457b vs Brokerage for FIRE | Hey all,
I’m 33, single, and make $130k (~$160k factoring in likely OT). I work at a hospital and my company matches 4% into my 403b, plus a further 2% if they meet their metrics which they’ve done the few years I’ve been here, so 6% total.
I currently max my 403b, max my Roth (whether standard or backdoor), max my ... | 1,716,471,741 | 2024-05-23 13:42:21 | Oversoul91 | 3 | 6 | 0.67 | Investing | /r/personalfinance/comments/1cyt2tf/457b_vs_brokerage_for_fire/ | https://www.reddit.com/r/personalfinance/comments/1cyt2tf/457b_vs_brokerage_for_fire/ | personalfinance | 3m |
1cy4rz3 | Managing Retirement Risks with a Concentrated Stock Portfolio | I’ve always assumed that I’d be working until about a standard retirement age, but I’ve been digging a bit deeper into my finances and wanted to get some thoughts. The biggest X factor for me is stock in a family company that I’ve been gifted/inherited. Right now, it totals around $3M and pays a dividend of around 2% (... | 1,716,395,963 | 2024-05-22 16:39:23 | No-Offer8227 | 2 | 7 | 0.76 | Retirement | /r/personalfinance/comments/1cy4rz3/managing_retirement_risks_with_a_concentrated/ | https://www.reddit.com/r/personalfinance/comments/1cy4rz3/managing_retirement_risks_with_a_concentrated/ | personalfinance | 3m |
1cuqu81 | Stop saving to pay for private school? | Throwaway because there’s too much personal info.
I’m considering taking a job in a VHCOL area. There’s upsides and downsides.
Upsides: nicer place to live and more interesting job that I really want.
Downsides are monetary in the short term. My regular annual pay will decrease from 400k to 350-375k, my mortgage ... | 1,716,013,171 | 2024-05-18 06:19:31 | pfthrowaway111113 | 0 | 9 | 0.38 | Saving | /r/personalfinance/comments/1cuqu81/stop_saving_to_pay_for_private_school/ | https://www.reddit.com/r/personalfinance/comments/1cuqu81/stop_saving_to_pay_for_private_school/ | personalfinance | 3m |
1crku1k | Looking for clarification on how to access my real estate equity. | I posted this in the questions thread but thought I would post here as well as I'd ideally like to discuss the concept further with whomever is willing to do so.
How do I access my equity most efficiently? I have 4.5m in equity between two triplexes, \~850k in my home that is a teardown. I have 1.3m in a brokerage, 2.... | 1,715,665,482 | 2024-05-14 05:44:42 | MinuteAppropriate400 | 1 | 0 | 1 | Planning | /r/personalfinance/comments/1crku1k/looking_for_clarification_on_how_to_access_my/ | https://www.reddit.com/r/personalfinance/comments/1crku1k/looking_for_clarification_on_how_to_access_my/ | personalfinance | 3m |
1credeo | Help with doing calculation for figuring out how much to spend on a house? | I got lucky with a prior job and now have a lot of investments, so I'm not sure what I should spend on a house. Most of what I can find is all about what you can afford but that doesn't exactly apply to my situation.
Investments: 1.3M
HYSA: 600K
Annual Household Income: 200K
401K/IRA: 60K
No debt, no car payments
... | 1,715,644,637 | 2024-05-13 23:57:17 | luckyconfused | 0 | 4 | 0.17 | Housing | /r/personalfinance/comments/1credeo/help_with_doing_calculation_for_figuring_out_how/ | https://www.reddit.com/r/personalfinance/comments/1credeo/help_with_doing_calculation_for_figuring_out_how/ | personalfinance | 3m |
1coelvb | What company to use for term life insurance? | My wife and I (33m and 29f) are looking for life insurance term. I checked out amica (i use their car insurance) which has good reviews apparently. They quoted me 250/mo for 2m 30year and 115/mo for 1.3m for 30year for my wife. It seems very high when looking at online conpany quotes? Does it seem on par for generally ... | 1,715,307,273 | 2024-05-10 02:14:33 | AkumaMan | 6 | 18 | 0.8 | Insurance | /r/personalfinance/comments/1coelvb/what_company_to_use_for_term_life_insurance/ | https://www.reddit.com/r/personalfinance/comments/1coelvb/what_company_to_use_for_term_life_insurance/ | personalfinance | 3m |
1cmuhby | I have money, now what do I do with it? | My wife and toddler and I are getting ready to make some big changes in our lives. We’re 38m, 38f, and 3m. We’re going to take a break to road trip around the country for the next several months to a year. In about 2 months when the dust settles we’ll have a paid off truck, a paid off Travel Trailer, and roughly $350,0... | 1,715,137,680 | 2024-05-08 03:08:00 | Danatog | 0 | 7 | 0.45 | Other | /r/personalfinance/comments/1cmuhby/i_have_money_now_what_do_i_do_with_it/ | https://www.reddit.com/r/personalfinance/comments/1cmuhby/i_have_money_now_what_do_i_do_with_it/ | personalfinance | 3m |
1cmt0n7 | Long term capital gain loophole? | OK, so according to the below Bankrate resource and other places on the internet, you pay 0% long term capital gains if your income married filing jointly is under $94,050.
https://www.bankrate.com/investing/long-term-capital-gains-tax/
We have about $800k invested in long term assets and are about to retire at 60. W... | 1,715,133,283 | 2024-05-08 01:54:43 | Substantial-Earth965 | 0 | 5 | 0.4 | Taxes | /r/personalfinance/comments/1cmt0n7/long_term_capital_gain_loophole/ | https://www.reddit.com/r/personalfinance/comments/1cmt0n7/long_term_capital_gain_loophole/ | personalfinance | 3m |
1clzb8z | Looking to pivot away from real estate to the stock market | First time posting on reddit, throwaway account. I'm (38M) married with two kids and a wife and live in a semi-rural area in the Southeast US.
Not looking to brag, I just don't have anyone to really discuss this with that I trust to give me good advice or that would understand.
I grew up quite conservative (religious... | 1,715,043,588 | 2024-05-07 00:59:48 | Financial_Bad8537 | 1 | 0 | 1 | Planning | /r/personalfinance/comments/1clzb8z/looking_to_pivot_away_from_real_estate_to_the/ | https://www.reddit.com/r/personalfinance/comments/1clzb8z/looking_to_pivot_away_from_real_estate_to_the/ | personalfinance | 3m |
1ckxdpw | House affordability and sell vs rent for current house | Hi all,
We live in an HCOL (Seattle) area and are are purchasing a bigger house. We started with budget of $2m, but as we started looking homes and with homes going over asking, we are in contract for a $2.3m house. The good thing is we ended up in a much better location than what we were considering earlier.
Our det... | 1,714,932,495 | 2024-05-05 18:08:15 | LowNo5224 | 2 | 8 | 0.57 | Housing | /r/personalfinance/comments/1ckxdpw/house_affordability_and_sell_vs_rent_for_current/ | https://www.reddit.com/r/personalfinance/comments/1ckxdpw/house_affordability_and_sell_vs_rent_for_current/ | personalfinance | 3m |
1c6aa2r | 401k Rule of 55: getting re-hired at same job?? | I am 50YO with 1.3M in 401k. I have worked for 30 years at a VERY generous company when it comes to match and ESOP contributions. I plan on working till I am 55YO and can invoke the Rule of 55. I MAY want to return to work on a limited schedule (maybe 20hr/wk) at this same company.
My question is: can I get re-... | 1,713,361,524 | 2024-04-17 13:45:24 | jsalley | 1 | 9 | 0.6 | Retirement | /r/personalfinance/comments/1c6aa2r/401k_rule_of_55_getting_rehired_at_same_job/ | https://www.reddit.com/r/personalfinance/comments/1c6aa2r/401k_rule_of_55_getting_rehired_at_same_job/ | personalfinance | 3m |
1c1jsta | Are we saving enough? | So my partner and I live in a MCOL area. We bought a house in 2016, unfortunately we did a 30 year but at a very low interest rate. We make a combined 130k+30k from VA disability. Truthfully we do spend more than we should. One of our cars is financed and our emergency fund isn't as good as we'd like. Our debt isn't ba... | 1,712,853,835 | 2024-04-11 16:43:55 | AnnualSkirt9921 | 0 | 4 | 0.33 | Investing | /r/personalfinance/comments/1c1jsta/are_we_saving_enough/ | https://www.reddit.com/r/personalfinance/comments/1c1jsta/are_we_saving_enough/ | personalfinance | 3m |
1c0c199 | Helping parents navigate big retirement decisions - sell or rent out family home? | Hey all,
TL;DR: My (28M) parents (63M & F) are nearing retirement and are on the cusp of making some major decisions. I fear they aren't doing effective (or any) due diligence and might fumble the position they're currently in. I would appreciate hearing from this group.
63M&F have the following financial standing.... | 1,712,720,425 | 2024-04-10 03:40:25 | Extreme-Discount5378 | 1 | 4 | 0.6 | Retirement | /r/personalfinance/comments/1c0c199/helping_parents_navigate_big_retirement_decisions/ | https://www.reddit.com/r/personalfinance/comments/1c0c199/helping_parents_navigate_big_retirement_decisions/ | personalfinance | 3m |
1bz5hg7 | Need help doing the math for moving to a larger home, should I shift down on retirement savings? | Hello, we made the big decision to aim for having two kids in the next six years. I'm trying to build a plan to be ready to move out of our starter 2BD home ($1.3M condo @ 3% APR, $5k monthly payments with 562k equity/807k remaining in payments). While I'm aware things rarely go as planned, trying to get a grip on my f... | 1,712,601,210 | 2024-04-08 18:33:30 | roury | 1 | 0 | 1 | Housing | /r/personalfinance/comments/1bz5hg7/need_help_doing_the_math_for_moving_to_a_larger/ | https://www.reddit.com/r/personalfinance/comments/1bz5hg7/need_help_doing_the_math_for_moving_to_a_larger/ | personalfinance | 3m |
1byrjmq | How much house is too much? | Throwaway account. I’m currently contemplating a home purchase that makes me feel a bit nervous. Say I have $1.75M in cash and stocks. I live frugally and my annual spend is $65k. My income is about $175k so I’ve been able to save throughout the years and owning stocks have helped. I want to buy a house that feels ni... | 1,712,560,083 | 2024-04-08 07:08:03 | MainFan8989 | 0 | 15 | 0.42 | Budgeting | /r/personalfinance/comments/1byrjmq/how_much_house_is_too_much/ | https://www.reddit.com/r/personalfinance/comments/1byrjmq/how_much_house_is_too_much/ | personalfinance | 3m |
1bwkz3f | Age 59 and just lost job. Any advice for next steps? | Not sure if this is the best thread for this question, but here goes: Age 59, net worth about $3M (includes equity in homes, 401K's, etc.) with about $1.2M of that liquid. Just lost my job. My wife works and makes about $135K including health benefits, etc. Still have kids in college but they can take loans if needed. ... | 1,712,331,100 | 2024-04-05 15:31:40 | impossabossa | 0 | 32 | 0.21 | Employment | /r/personalfinance/comments/1bwkz3f/age_59_and_just_lost_job_any_advice_for_next_steps/ | https://www.reddit.com/r/personalfinance/comments/1bwkz3f/age_59_and_just_lost_job_any_advice_for_next_steps/ | personalfinance | 3m |
1bvsb16 | Change retirement account types based on anticipated windfall with uncertain timeline? | I’ve recently been named a 50-percent TOD beneficiary on several accounts held by an elderly, widowed relative who is in reasonably good health but is nearing 80. Currently, my share of the inheritance (taxes excluded) is about $3M in stocks and $1M in funds that is mostly in CDs and some cash. This relative is extreme... | 1,712,249,771 | 2024-04-04 16:56:11 | FinanceBurnNotice | 1 | 2 | 1 | Retirement | /r/personalfinance/comments/1bvsb16/change_retirement_account_types_based_on/ | https://www.reddit.com/r/personalfinance/comments/1bvsb16/change_retirement_account_types_based_on/ | personalfinance | 3m |
1bugsmt | MCOL - Am I doing ok financially? | So I've been having an internalized fight with myself on where I stand at this time and feel like this would be the most appropriate place to ask.
Income: $75k + bonuses + profit sharing
Debts:
Credit card = >$1k @ 14.9% APR
- pay off nearly every month just had some unexpected expense come up last month.
Vehicle lo... | 1,712,109,677 | 2024-04-03 02:01:17 | M-Arty | 1 | 2 | 0.67 | Other | /r/personalfinance/comments/1bugsmt/mcol_am_i_doing_ok_financially/ | https://www.reddit.com/r/personalfinance/comments/1bugsmt/mcol_am_i_doing_ok_financially/ | personalfinance | 3m |
1bq02dp | Term insurance online quotes | I am looking for a term insurance and wanted to compare different providers. Is there any place i can do rather than filling details in multiple sites?
Age : 37 / M
term : 20 yrs
value: 3M | 1,711,643,946 | 2024-03-28 16:39:06 | Ecstatic-Goal6677 | 1 | 1 | 1 | Insurance | /r/personalfinance/comments/1bq02dp/term_insurance_online_quotes/ | https://www.reddit.com/r/personalfinance/comments/1bq02dp/term_insurance_online_quotes/ | personalfinance | 3m |
1bnsunv | Advice on planning for inheritance | Hi there! I'm hoping to get any insights or advice that I could pass along to my parents (at their request) for ways to consider their financial planning over the next 10-15 years so that they can optimize for taxes and what they can leave me.
Here's some basic information:
* My husband and I are 32m/f, I am an only ... | 1,711,409,783 | 2024-03-25 23:36:23 | WendyAeternus | 1 | 7 | 1 | Investing | /r/personalfinance/comments/1bnsunv/advice_on_planning_for_inheritance/ | https://www.reddit.com/r/personalfinance/comments/1bnsunv/advice_on_planning_for_inheritance/ | personalfinance | 3m |
1bkhhnp | A good site for retirement withdrawal sequence? | I am a long way from retiring but as you all I like playing around with numbers and strategies...wondering if anyone has come across a good site where you can plug in your numbers that you have (age, traditional 401, Roth IRA, HSA, taxable account, cash, etc) and it give you the best sequence/strategy for withdrawals u... | 1,711,055,218 | 2024-03-21 21:06:58 | DoeJumars | 0 | 0 | 0.5 | Retirement | /r/personalfinance/comments/1bkhhnp/a_good_site_for_retirement_withdrawal_sequence/ | https://www.reddit.com/r/personalfinance/comments/1bkhhnp/a_good_site_for_retirement_withdrawal_sequence/ | personalfinance | 3m |
1bidz7f | Sense to change cars? | Hi there,
​
I'm looking for some feedback on my plan to swap cars with the idea of saving a substantial amount of money in the long term. Please note that all amounts are listed in my local currency (NTD).
Some background: We moved and needed a car out of necessity. Due to minimal price differences with seco... | 1,710,830,814 | 2024-03-19 06:46:54 | Anxious_Plum_5818 | 0 | 7 | 0.5 | Auto | /r/personalfinance/comments/1bidz7f/sense_to_change_cars/ | https://www.reddit.com/r/personalfinance/comments/1bidz7f/sense_to_change_cars/ | personalfinance | 3m |
1bh0tp8 | Buying a house vs renting | I'm trying to decide if it makes sense to buy vs rent and wanted a second opinion. Income is 500k in a HCOL area with 0 debt. Most homes I like are between 900-1.3m while rent would be 3-4k. One benefit I have at work is a forgivable 10% down payment. After 5 years portions of the loan become forgiven then is completel... | 1,710,690,620 | 2024-03-17 15:50:20 | yuzumangosour | 0 | 2 | 0.5 | Housing | /r/personalfinance/comments/1bh0tp8/buying_a_house_vs_renting/ | https://www.reddit.com/r/personalfinance/comments/1bh0tp8/buying_a_house_vs_renting/ | personalfinance | 3m |
1baxhm1 | Can we afford this house? | Currently in a HCOL / VHCOL. HHI is 400k with a bonus of 75k. We’ve been looking for a house now for almost a year and have slowly increased our budget as we’ve begun to accept that what we want is going to cost more. We’re thinking about putting an offer in for a house at 1.3M. Currently have 350k in savings account t... | 1,710,032,348 | 2024-03-10 00:59:08 | Ashah491 | 0 | 10 | 0.33 | Housing | /r/personalfinance/comments/1baxhm1/can_we_afford_this_house/ | https://www.reddit.com/r/personalfinance/comments/1baxhm1/can_we_afford_this_house/ | personalfinance | 3m |
1axme8n | Advice on buying house after getting windfall | Background:
1. Receiving ~3.5M windfall (after taxes)
2. ~200K annual salary
3. Partner takes in ~100K annually
4. Currently have about 65K in HYSA+CD. Another 30K earmarked for business taxes.
5. I have 401k with my current job and another with a previous job. Altogether about 115K
6. We have a house, currently worth... | 1,708,647,315 | 2024-02-23 00:15:15 | anonymouscoward2024 | 2 | 5 | 0.63 | Planning | /r/personalfinance/comments/1axme8n/advice_on_buying_house_after_getting_windfall/ | https://www.reddit.com/r/personalfinance/comments/1axme8n/advice_on_buying_house_after_getting_windfall/ | personalfinance | 3m |
1ax4e02 | Tax deductions after a cash out refinance | Say I’m buying a home worth 1.3m and my plan is to put a down payment of 540k so that I’ll end up with a mortgage of 760k.
In a year, if interest rates have gone down, say I were to do a cash out refinance, and to make the math easy, say that the original mortgage principal was down to 750k, and I pulled out 300k to i... | 1,708,601,918 | 2024-02-22 11:38:38 | New-Veterinarian-379 | 0 | 2 | 0.33 | Taxes | /r/personalfinance/comments/1ax4e02/tax_deductions_after_a_cash_out_refinance/ | https://www.reddit.com/r/personalfinance/comments/1ax4e02/tax_deductions_after_a_cash_out_refinance/ | personalfinance | 3m |
1ar004g | Father Asking for Retirement Advice... So I'm asking R/Personalfinance | Hello r/Personalfinance!
I could really use some sound advice on how to help my father in the following situation? I am very comfortable handling my own finances or advising someone else in my life stage (late 20s/early 30s). However, my father recently reached out to me for advice on his retirement. He is about to ... | 1,707,950,416 | 2024-02-14 22:40:16 | TalkResponsible1924 | 1 | 9 | 0.67 | Retirement | /r/personalfinance/comments/1ar004g/father_asking_for_retirement_advice_so_im_asking/ | https://www.reddit.com/r/personalfinance/comments/1ar004g/father_asking_for_retirement_advice_so_im_asking/ | personalfinance | 3m |
1an458c | Purchasing land to build | Background:
Age: 36
Income: $2.8M
Debt: 960k (home mortgage)
Assets: 3.3M liquid in brokerage accounts, 200k 401k, 220k in PE investments, 700k home equity.
I want to purchase land for a vacation home that is only an hour away from where we live. They type of place I can spend a lot of time and even commute to work in... | 1,707,527,544 | 2024-02-10 01:12:24 | Advanced-Yogurt-3378 | 0 | 10 | 0.2 | Other | /r/personalfinance/comments/1an458c/purchasing_land_to_build/ | https://www.reddit.com/r/personalfinance/comments/1an458c/purchasing_land_to_build/ | personalfinance | 3m |
1agyr68 | Help streamline portfolio | 44m here, married w two kids. I've been all over the place in my investment choices. Some have paid off, others not so much. I'd like to reset and try to bring some order to the chaos. Hoping for some advice. Here's some info:
Total NW: $5.9M
Home 1 (primary residence): $1.2M equity, $1M in loan. 2.75%
Home 2 (invest... | 1,706,861,453 | 2024-02-02 08:10:53 | PaleRoyal7010 | 0 | 0 | 0.33 | Investing | /r/personalfinance/comments/1agyr68/help_streamline_portfolio/ | https://www.reddit.com/r/personalfinance/comments/1agyr68/help_streamline_portfolio/ | personalfinance | 3m |
1afqzhr | How to best to invest home sale proceeds in short term | We are closing on the sale of our home next week and will receive $1.3M in proceeds. We are in contract on a new build ($780k) and paying cash for that home (expected completion this May). There will be interim deposit requirements during the build process in late February or early March of around $100k. Should I open ... | 1,706,731,064 | 2024-01-31 19:57:44 | cheftoly | 0 | 2 | 0.5 | Investing | /r/personalfinance/comments/1afqzhr/how_to_best_to_invest_home_sale_proceeds_in_short/ | https://www.reddit.com/r/personalfinance/comments/1afqzhr/how_to_best_to_invest_home_sale_proceeds_in_short/ | personalfinance | 3m |
1aes2uq | Should I keep 2nd house? | Live in HCOL area and own home that has pretty much doubled in value since purchased. Mortgage payment is below 3% (under $2k).
I'm considering upgrading to a new house, around $1.3m cost. Don't really want to sell the current one because it's great value but keep hearing horror stories about being a landlord, and no... | 1,706,631,209 | 2024-01-30 16:13:29 | sawihsiwi | 0 | 3 | 0.33 | Housing | /r/personalfinance/comments/1aes2uq/should_i_keep_2nd_house/ | https://www.reddit.com/r/personalfinance/comments/1aes2uq/should_i_keep_2nd_house/ | personalfinance | 3m |
1adwf1f | Sell West African Stock Windfall? | Hello folks, looking for a second opinion on what to do for a small windfall. Details below. TIA.
TLDR: Keep assets held in steadily inflating foreign stock & currency, or sell asap and invest in US market?
Background: I am a mid 20s male living in the US working in tech, my TC is ~$150k, and my NW is ~$160k (prima... | 1,706,538,051 | 2024-01-29 14:20:51 | kingchoco7 | 8 | 6 | 0.71 | Investing | /r/personalfinance/comments/1adwf1f/sell_west_african_stock_windfall/ | https://www.reddit.com/r/personalfinance/comments/1adwf1f/sell_west_african_stock_windfall/ | personalfinance | 3m |
1abvale | Wells Fargo Refinancing Problems and Withdrawal | This sort of belongs here, but its possibly a crossover into legal advice.
So, we have Wells Fargo as our mortgage lender currently, and we have just started the ARM portion of our loan. Wells Fargo have the holder since we bought our home over a decade ago. It was an insane fixer-upper, with bad news everywhere. Miss... | 1,706,309,138 | 2024-01-26 22:45:38 | 101101110110001-1 | 2 | 15 | 0.75 | Debt | /r/personalfinance/comments/1abvale/wells_fargo_refinancing_problems_and_withdrawal/ | https://www.reddit.com/r/personalfinance/comments/1abvale/wells_fargo_refinancing_problems_and_withdrawal/ | personalfinance | 3m |
1ab9yyv | How can I move into a more family friendly area? | Hi everyone,
I have a mortgage / financing question for you guys and hopefully there’s a solution…
My wife and two kids live in an area that at the time was great for families, now it’s become an airbnb Mecca. We got to get out due to dangerous parties, randoms walking the streets, drunks.. good news is our home valu... | 1,706,243,791 | 2024-01-26 04:36:31 | jt47000 | 0 | 3 | 0.33 | Housing | /r/personalfinance/comments/1ab9yyv/how_can_i_move_into_a_more_family_friendly_area/ | https://www.reddit.com/r/personalfinance/comments/1ab9yyv/how_can_i_move_into_a_more_family_friendly_area/ | personalfinance | 3m |
19ci9qc | Reverse Mortgage- options | Dad pasted away last year at 98. Mom 92 is still living in the house, but running out of money. We want her to stay in her home. She is not doing well, but hard to say how much longer she will be around. 😢 I’m going to guess 5 years at the very most. A conservative home value is $900,000. Homes in the area are selli... | 1,705,882,761 | 2024-01-22 00:19:21 | Visual-Ring-3385 | 6 | 30 | 0.67 | Other | /r/personalfinance/comments/19ci9qc/reverse_mortgage_options/ | https://www.reddit.com/r/personalfinance/comments/19ci9qc/reverse_mortgage_options/ | personalfinance | 3m |
19bwy8d | How do I approach a home build overseas? | Alright friends, need your advice.
​
**Project**: Build a $200K custom home overseas.
​
**Reasoning**: Yolo, enjoy life, etc. We split our time between the US and overseas throughout the year. It's a very personal decision, so that's that.
​
**Investments up until EOY 2023:**
\- Maxing out 4... | 1,705,818,199 | 2024-01-21 06:23:19 | semiexpat | 2 | 5 | 1 | Planning | /r/personalfinance/comments/19bwy8d/how_do_i_approach_a_home_build_overseas/ | https://www.reddit.com/r/personalfinance/comments/19bwy8d/how_do_i_approach_a_home_build_overseas/ | personalfinance | 3m |
19am4sl | Am I on track for retirement (36yo) | Hello!
I'm just doing a review of my retirement accounts..which I haven't even looked at in 3-4 years.
I'm currently married, and father of x2 (7 year olds). My wife's accounts are not included in these numbers.
I have 3 accounts: One rollover IRA, one roth IRA (which I rarely contribute to, as indicated by the amou... | 1,705,679,444 | 2024-01-19 15:50:44 | smellypants | 0 | 6 | 0.33 | Retirement | /r/personalfinance/comments/19am4sl/am_i_on_track_for_retirement_36yo/ | https://www.reddit.com/r/personalfinance/comments/19am4sl/am_i_on_track_for_retirement_36yo/ | personalfinance | 3m |
1978orx | Is this lifestyle creep or can we afford it? | Married 31,32, 3 year old with another on the way.
HHI: 450-500k (big tech, depends on stock value, have about $700k of unvested stock that finishes vesting in 3 years)
-250k in retirement (this feels low but we only started maxing after paying off loans and getting higher income at about 26)
-160k brokerage (we c... | 1,705,325,180 | 2024-01-15 13:26:20 | OkStation5344 | 0 | 24 | 0.17 | Budgeting | /r/personalfinance/comments/1978orx/is_this_lifestyle_creep_or_can_we_afford_it/ | https://www.reddit.com/r/personalfinance/comments/1978orx/is_this_lifestyle_creep_or_can_we_afford_it/ | personalfinance | 3m |
196mn1u | Bay Area Rental Purgatory - is owning a SFH on the peninsula unattainable? | I'm losing my mind trying to figure out how to afford a Bay Area home and can't believe we can't afford anything beyond POS home with our current HHI. What am I doing wrong? wildly overspending? grossly unrealistic housing expectations?
[Our 2023 Finances/Sankey](https://sankeymatic.com/build/?i=AoQwngxgFgphDWACA2gVg... | 1,705,257,280 | 2024-01-14 18:34:40 | mangolives | 8 | 5 | 0.79 | Housing | /r/personalfinance/comments/196mn1u/bay_area_rental_purgatory_is_owning_a_sfh_on_the/ | https://www.reddit.com/r/personalfinance/comments/196mn1u/bay_area_rental_purgatory_is_owning_a_sfh_on_the/ | personalfinance | 3m |
196d9ro | Struggling with spending habit changes while raising kids - do we need to worry | I was fortunate to fall into a lucrative industry out of college and save/invest fairly aggressively since my mid 20s. My wife works as well and our incomes have continued to grow over the past few years. I’m having trouble wrapping my mind around the increased expenses associated with raising 2 kids in a relatively hi... | 1,705,229,288 | 2024-01-14 10:48:08 | Sea_Difference903 | 0 | 8 | 0.16 | Budgeting | /r/personalfinance/comments/196d9ro/struggling_with_spending_habit_changes_while/ | https://www.reddit.com/r/personalfinance/comments/196d9ro/struggling_with_spending_habit_changes_while/ | personalfinance | 3m |
196a2tk | Advice on finding funding for the purchase of a currently trading business | Hi all, throwaway for obvious reasons
I am after a bit of advice around raising capital to finance a business purchase. Finance is not something I know much about.
I am trying to be somewhat vague as I do not want to divulge any sensitive information but I am looking for advice.
TLDR - I want to borrow up to $3m t... | 1,705,216,256 | 2024-01-14 07:10:56 | NZPFthrownaway | 1 | 0 | 1 | Planning | /r/personalfinance/comments/196a2tk/advice_on_finding_funding_for_the_purchase_of_a/ | https://www.reddit.com/r/personalfinance/comments/196a2tk/advice_on_finding_funding_for_the_purchase_of_a/ | personalfinance | 3m |
194vncn | Minority shareholder in company that is about to sell. Is there anything I can do to retain more of my buyout? | Apologies if this is not the right place to ask this.....I have a small percentage of ownership in a company that is about to sell 70% of it's equity. My shares do not have voting rights, so I have no choice and I'm just along for the ride. When I received my equity during startup I filed a 83b for $0. I expect to rece... | 1,705,067,793 | 2024-01-12 13:56:33 | Wrkissuethrowaway | 4 | 8 | 0.83 | Taxes | /r/personalfinance/comments/194vncn/minority_shareholder_in_company_that_is_about_to/ | https://www.reddit.com/r/personalfinance/comments/194vncn/minority_shareholder_in_company_that_is_about_to/ | personalfinance | 3m |
18zioq4 | Taking a break from work for a year, is it reasonable? | Right now I am feeling pretty burned out by work. This feeling admittedly comes and goes and its possible I will just get over it but that is where I am at mentally right now. I think it would be a mistake to try to walk away now as our current savings is insufficient for retirement and our current expenses could not... | 1,704,491,526 | 2024-01-05 21:52:06 | Grevious47 | 0 | 5 | 0.33 | Other | /r/personalfinance/comments/18zioq4/taking_a_break_from_work_for_a_year_is_it/ | https://www.reddit.com/r/personalfinance/comments/18zioq4/taking_a_break_from_work_for_a_year_is_it/ | personalfinance | 3m |
18uzlpw | Am I crazy or does this plan make sense | I'm thinking of selling investment assets to pay off high-interest rate debt. Please help me with a sanity check on this plan I'm considering.
Background: I racked up a lot of I/O HELOC debt ($240K) renovating our multifamily building in a HCOL city. We bought at a good price and added value so have lots of equity ... | 1,703,997,900 | 2023-12-31 04:45:00 | renopromoneynoob | 2 | 2 | 1 | Planning | /r/personalfinance/comments/18uzlpw/am_i_crazy_or_does_this_plan_make_sense/ | https://www.reddit.com/r/personalfinance/comments/18uzlpw/am_i_crazy_or_does_this_plan_make_sense/ | personalfinance | 3m |
18twobi | Coming from childhood poverty, how does my financial strategy look? Expecting first child in 1 month | Hey all, trying to get a quick check on our (32M, 32F) current financial strategy. I have a financial advisor I feel "ehh" about, so in the midst of trying to find someone I like a bit better. My biggest issue right now is that I feel we are doing "good" but it isn't clear to me how to build wealth. I don't have any ro... | 1,703,881,940 | 2023-12-29 20:32:20 | mythrowawayhairhair | 8 | 21 | 0.67 | Planning | /r/personalfinance/comments/18twobi/coming_from_childhood_poverty_how_does_my/ | https://www.reddit.com/r/personalfinance/comments/18twobi/coming_from_childhood_poverty_how_does_my/ | personalfinance | 3m |
18n6jtp | How do I buy-out my Uncle’s share of a house? | How do I buy-out my Uncle’s share of a house?
My uncle and dad co-own a property in New York City. They are both on the mortgage and collectively owe $220k remaining on the mortgage. They have a shared equity of $1.1M in the property. The property value is $1.3M. My Uncle is having financial troubles and needs to sel... | 1,703,109,828 | 2023-12-20 22:03:48 | bitsyb | 1 | 7 | 1 | Housing | /r/personalfinance/comments/18n6jtp/how_do_i_buyout_my_uncles_share_of_a_house/ | https://www.reddit.com/r/personalfinance/comments/18n6jtp/how_do_i_buyout_my_uncles_share_of_a_house/ | personalfinance | 3m |
18mnuny | Financial advisor for wealth management? | I would appreciate some perspective and advice given my situation. I'm a 39 year old male, married, 2 kids, working in big tech in the US. Across me and my spouse, our savings are highly concentrated in my company stock (one of the FAANG companies, where I have worked for over 15 years). I have about $4.8M in vested sh... | 1,703,053,173 | 2023-12-20 06:19:33 | greenhat05 | 0 | 5 | 0.33 | Planning | /r/personalfinance/comments/18mnuny/financial_advisor_for_wealth_management/ | https://www.reddit.com/r/personalfinance/comments/18mnuny/financial_advisor_for_wealth_management/ | personalfinance | 3m |
18koeo0 | Rolling from 401k to Roth IRA | I recently quit a job to be a SAHM (we have 1 kid). I’m trying to decide whether to roll the 401k over to my Vanguard Roth IRA. I have 415k in there as of Friday.
Most of the money is in FDGRX, a closed Fidelity fund with a 0.86% expense ratio. I like the fund overall and would like to keep the money there.
Our inco... | 1,702,839,641 | 2023-12-17 19:00:41 | NoTraceNotOneCarton | 1 | 7 | 1 | Investing | /r/personalfinance/comments/18koeo0/rolling_from_401k_to_roth_ira/ | https://www.reddit.com/r/personalfinance/comments/18koeo0/rolling_from_401k_to_roth_ira/ | personalfinance | 3m |
18g6lku | Am I Behind on Retirement? | I (29M) have been contributing \~4% (or less; some months were 0%) since I started my career in 2018. Currently, I have just shy of $35K saved for retirement. According to the wiki, rule of thumb is to have 1x my salary by 30 and I will have less than 50% of where I should be in retirement by the time I turn 30.
T... | 1,702,334,648 | 2023-12-11 22:44:08 | thecourtsideanalyst | 1 | 8 | 0.67 | Retirement | /r/personalfinance/comments/18g6lku/am_i_behind_on_retirement/ | https://www.reddit.com/r/personalfinance/comments/18g6lku/am_i_behind_on_retirement/ | personalfinance | 3m |
185nebm | Build ADU + Rent, or Sell? | Hello! I bought my first home in LA in 2021. I’m wondering whether I should sell it (probably within the next 2 years) or if it’d be a better long-term investment to rent it out and to possibly also build an ADU. Here are the facts:
- Purchased for 1.3M in 2021, 23% down
- Monthly payment on 2.875% mortgage is $5500, ... | 1,701,145,230 | 2023-11-28 04:20:30 | whrthsdwlknds | 1 | 0 | 1 | Housing | /r/personalfinance/comments/185nebm/build_adu_rent_or_sell/ | https://www.reddit.com/r/personalfinance/comments/185nebm/build_adu_rent_or_sell/ | personalfinance | 3m |
184jh9u | Good websites for fund performance research from specific date | Hello!
I am trying to find a good website to compare mutual fund performance from specific dates. (Not like 1Y, 3M, 5Y, etc).
I appreciate your shares if you know a good one! Thank you! | 1,701,029,335 | 2023-11-26 20:08:55 | Suitable_Mess_3940 | 0 | 5 | 0.5 | Employment | /r/personalfinance/comments/184jh9u/good_websites_for_fund_performance_research_from/ | https://www.reddit.com/r/personalfinance/comments/184jh9u/good_websites_for_fund_performance_research_from/ | personalfinance | 3m |
183585x | Investment strategy for senior citizen with new money? | My mom was recently widowed at 67. She has done zero saving for retirement, and has been used to a low income for about 20 years. She’s utterly ignorant of investing. But her father passed recently as well and so with her inheritance and the life insurance payout from her husband, she now finds herself with a substanti... | 1,700,868,127 | 2023-11-24 23:22:07 | sh00nk | 2 | 16 | 1 | Retirement | /r/personalfinance/comments/183585x/investment_strategy_for_senior_citizen_with_new/ | https://www.reddit.com/r/personalfinance/comments/183585x/investment_strategy_for_senior_citizen_with_new/ | personalfinance | 3m |
17tv69a | Financing construction of a new owner-occupied 4-unit multi-family residential. Seeking advice. | ## Seeking Advice for Financing a 4-Unit, Owner Occupied New Construction
### Background:
- **Current Living Situation**: I own a duplex, live in one unit with roommates, and rent out the other. The net rental income is ~$25k/year.
- **Property and Mortgage Details**: Mortgage balance of $165k on a property valued at... | 1,699,826,825 | 2023-11-12 22:07:05 | teethies5534 | 1 | 0 | 0.67 | Housing | /r/personalfinance/comments/17tv69a/financing_construction_of_a_new_owneroccupied/ | https://www.reddit.com/r/personalfinance/comments/17tv69a/financing_construction_of_a_new_owneroccupied/ | personalfinance | 3m |
17ttfou | 24yr can y’all please give me some career advice | Hey, I’m the director of business development for a landscaping and construction company. Last 12 months I did 2M in revenue for the company and we netted around 30% on that.
My compensation package at the start 2 years ago was $80k base and 3.5% commissions on gross sales, plus 2 weeks vacation, 1 week of sick leave... | 1,699,822,345 | 2023-11-12 20:52:25 | No-Acanthaceae-392 | 1 | 2 | 1 | Employment | /r/personalfinance/comments/17ttfou/24yr_can_yall_please_give_me_some_career_advice/ | https://www.reddit.com/r/personalfinance/comments/17ttfou/24yr_can_yall_please_give_me_some_career_advice/ | personalfinance | 3m |
17mdap3 | Father wants to give me his house that has a reverse mortgage on it, what are my options? | The core details:
My father has a property in L.A. County (California) that that I just moved into. House valued approx $950K and he currently has a reverse mortgage on it for approximately $450k that he refinanced a few years ago. The house needs work. The roof needs to be redone (30+ years old with signs of water da... | 1,698,957,916 | 2023-11-02 20:45:16 | Lady_Pirate_Man | 0 | 10 | 0.5 | Housing | /r/personalfinance/comments/17mdap3/father_wants_to_give_me_his_house_that_has_a/ | https://www.reddit.com/r/personalfinance/comments/17mdap3/father_wants_to_give_me_his_house_that_has_a/ | personalfinance | 3m |
17a20gu | Rent or buy. What would you do? | I would love your feedback on option A or option B. I'll try to keep things as basic as possible. I'm in a situation where I need to buy or rent a home in the next couple of months due to divorce.I live in Scottsdale, this is relevant as I don't see homeprices and rents coming down much and it is an expensive area to... | 1,697,559,264 | 2023-10-17 16:14:24 | DesertSkier21 | 1 | 14 | 0.56 | Housing | /r/personalfinance/comments/17a20gu/rent_or_buy_what_would_you_do/ | https://www.reddit.com/r/personalfinance/comments/17a20gu/rent_or_buy_what_would_you_do/ | personalfinance | 3m |
16yalt0 | People say I should set up a trust and/or will. But I never get a clear reason why. Can somebody explain? | I'm thinking of setting up a trust, but I still don't understand why I would need to do one other than everybody says to do it. Can somebody ELI5 why it would be prudent to set one up (and/or a Will)? I assume that if my spouse or I die, the other half gets everything. If we both die, everything goes to the kids (wh... | 1,696,285,657 | 2023-10-02 22:27:37 | Plastic-Display5970 | 0 | 23 | 0.43 | Other | /r/personalfinance/comments/16yalt0/people_say_i_should_set_up_a_trust_andor_will_but/ | https://www.reddit.com/r/personalfinance/comments/16yalt0/people_say_i_should_set_up_a_trust_andor_will_but/ | personalfinance | 3m |
16whvtd | We're on the brink of ruin | I (35f) my husband (41m) and our son (3m) are on the edge of a cliff and will likely face eviction and probably bankruptcy. We don't know what we can do before then or in preparation for the inevitable.
My husband has multiple rare and life-threatening diseases and is on weekly, lifelong treatments. His medical costs... | 1,696,107,987 | 2023-09-30 21:06:27 | muffin_fiend | 362 | 104 | 0.83 | Debt | /r/personalfinance/comments/16whvtd/were_on_the_brink_of_ruin/ | https://www.reddit.com/r/personalfinance/comments/16whvtd/were_on_the_brink_of_ruin/ | personalfinance | 3m |
16tqq9y | Financial planning - need full service/auto-pilot option for retired parent | My parent is well into retirement, with \~$2-3m in assets, no debt.
They are competent, but not in the way that lets them figure out how to manage their assets.
They are set on getting a full service fee-only advisor. This will happen. They know it's expensive and don't care. The only thing I have influence over i... | 1,695,835,774 | 2023-09-27 17:29:34 | ParticularStudy9 | 1 | 2 | 1 | Planning | /r/personalfinance/comments/16tqq9y/financial_planning_need_full_serviceautopilot/ | https://www.reddit.com/r/personalfinance/comments/16tqq9y/financial_planning_need_full_serviceautopilot/ | personalfinance | 3m |
16svalb | Are cash out refinance worth it right now / would I qualify? | I have about $3m equity on my primary residence right now after taking into account market downturn (probably $3.5-4m in 2021) and I’m looking to do a cash out refi or get a HELOC.
I am self employed, during lockdowns for 18+ months I basically lived off my business line of credit and credit cards because business was... | 1,695,751,807 | 2023-09-26 18:10:07 | NaiveRip3544 | 1 | 14 | 0.67 | Debt | /r/personalfinance/comments/16svalb/are_cash_out_refinance_worth_it_right_now_would_i/ | https://www.reddit.com/r/personalfinance/comments/16svalb/are_cash_out_refinance_worth_it_right_now_would_i/ | personalfinance | 3m |
16qd7lw | Im struggling with why I need to hire a Financial Planner. Please make the case | 47 YO, 1.3M in 401k, 1.1M in cash gaining 5.9% interest. Debt Mortgage owe 300k at 3.5%.
Talked with 3 CFPs, all charge 1%. THATS $24,000/year.
With the advent of robo investors, or diversifying across asset classes, why do I need a CFP.
Seriously struggling with the cost. | 1,695,497,869 | 2023-09-23 19:37:49 | realestatepharmaguy | 57 | 135 | 0.67 | Planning | /r/personalfinance/comments/16qd7lw/im_struggling_with_why_i_need_to_hire_a_financial/ | https://www.reddit.com/r/personalfinance/comments/16qd7lw/im_struggling_with_why_i_need_to_hire_a_financial/ | personalfinance | 3m |
16lxefw | Financial Advisor worth it? | Liquid assets of ~$300k primarily in index funds (VIG VTI FSPGX) and a few individual stocks
Plan is to keep adding to this every month with the goal of getting to $3m someday where I can then retire
I know a bit about investing, but as this number gets bigger over time I want to make sure I’m doing this right + not... | 1,695,048,045 | 2023-09-18 14:40:45 | MikeOC609 | 1 | 7 | 0.67 | Planning | /r/personalfinance/comments/16lxefw/financial_advisor_worth_it/ | https://www.reddit.com/r/personalfinance/comments/16lxefw/financial_advisor_worth_it/ | personalfinance | 3m |
16dv093 | I got pitched a whole life policy by an advisor. Please help me understand the math. | My current financial situation:
Investments: ~700K in various low cost index ETFs (VTI, VOO etc)
Mortgage: $1.2M @2.5%
Annual household income: 925K per year
Age: 34 and 35
We max out our 401Ks, backdoor ROTHs and I max out my mega-backdoor ROTH contributions. Wife's 401K does not offer the mega-backdoor option. I al... | 1,694,230,018 | 2023-09-09 03:26:58 | Enough-Ad-5528 | 0 | 51 | 0.5 | Insurance | /r/personalfinance/comments/16dv093/i_got_pitched_a_whole_life_policy_by_an_advisor/ | https://www.reddit.com/r/personalfinance/comments/16dv093/i_got_pitched_a_whole_life_policy_by_an_advisor/ | personalfinance | 3m |
16cvfnw | Acquiring Inheritance | Like Eminem, and his opportunity on 8 Mile. Unique pitchlines, profound lyricism and a drive to come up from nothing to become the most influential HipHop artist of my time. Recently, I to was given an opportunity with an inheritance.
An inheritance, you ask? How much? When? How and why?? Great questions, I'll try an... | 1,694,132,506 | 2023-09-08 00:21:46 | Quantity-Objective | 0 | 13 | 0.33 | Investing | /r/personalfinance/comments/16cvfnw/acquiring_inheritance/ | https://www.reddit.com/r/personalfinance/comments/16cvfnw/acquiring_inheritance/ | personalfinance | 3m |
16bvo7y | Should I sell my house? | *Using a throwaway account here as my regular account could easily lead to me being identifiable.*
I’ve read responses to several posts asking this kind of question and they were helpful. But there are some things about my situation that leave me feeling uncertain. I’d be really interested in comments and opinions fro... | 1,694,033,464 | 2023-09-06 20:51:04 | Realistic_Yak_2933 | 2 | 0 | 1 | Planning | /r/personalfinance/comments/16bvo7y/should_i_sell_my_house/ | https://www.reddit.com/r/personalfinance/comments/16bvo7y/should_i_sell_my_house/ | personalfinance | 3m |
169c4gf | Advice on unusual mortgage dispute | This is an unusual tale and I’m not looking for moral guidance. I actually don’t know what I’m looking for but if anyone has any useful advice on solving this matter I’d love to hear it.
I took out a 3rd (yes 3rd) mortgage on a primary residence many years ago. The residence is worth over 1m and this loan was actual... | 1,693,784,567 | 2023-09-03 23:42:47 | throwaway932023 | 0 | 10 | 0.33 | Other | /r/personalfinance/comments/169c4gf/advice_on_unusual_mortgage_dispute/ | https://www.reddit.com/r/personalfinance/comments/169c4gf/advice_on_unusual_mortgage_dispute/ | personalfinance | 3m |
1672c5p | Large Dead Equity in Home. What would you do in this situation? | Currently have a mortgage on our home of $500k, valued recently at $1.1M to $1.3M, essentially a conservative equity of $600k.
We have maxed out the serviceability of the current loan ($500k Loan) with our current income.
Investment options feel minimal currently due to this maxed out loan.
**Current plan (Open to... | 1,693,560,508 | 2023-09-01 09:28:28 | Status_Review_8216 | 2 | 7 | 0.75 | Debt | /r/personalfinance/comments/1672c5p/large_dead_equity_in_home_what_would_you_do_in/ | https://www.reddit.com/r/personalfinance/comments/1672c5p/large_dead_equity_in_home_what_would_you_do_in/ | personalfinance | 3m |
16472ce | In my early 40s, I am worried about retirement with 70K only in my 401k. | I am in my early 40s and my 401k balance is currently under 70K due to poor financial planning and job changes. While I 200K annually, I am worried about my retirement savings. My stock portfolio has crashed by 50% and I'm down $5K from my peak of $20K in November 2021. Thankfully, I have an emergency fund that can cov... | 1,693,279,329 | 2023-08-29 03:22:09 | Human-Debt246 | 538 | 421 | 0.79 | Retirement | /r/personalfinance/comments/16472ce/in_my_early_40s_i_am_worried_about_retirement/ | https://www.reddit.com/r/personalfinance/comments/16472ce/in_my_early_40s_i_am_worried_about_retirement/ | personalfinance | 3m |
160h84u | What should I do with my duplex long term (3.6% cap rate)? | I bought a duplex in 2021 in a VHCOL and had planned to live in it for at least 5 years but it seems likely that I will now be moving into my partner's condo. Thus, my entire duplex will be rented out. Due to this and a desire to own a SFH for my family eventually, it makes me wonder if I should do anything differently... | 1,692,917,902 | 2023-08-24 22:58:22 | Throwaway2031234 | 1 | 0 | 1 | Other | /r/personalfinance/comments/160h84u/what_should_i_do_with_my_duplex_long_term_36_cap/ | https://www.reddit.com/r/personalfinance/comments/160h84u/what_should_i_do_with_my_duplex_long_term_36_cap/ | personalfinance | 3m |
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