Personal Finance Bowl

After maxing out tax advantaged accounts advice on what to do with money?? I can’t decide if better to just throw in index fund or save up for a down payment for a rental property - which is better??

Just vested about $80k net. I have about $70k in student loans at 3.5%, and about 100k in my 401k.

I’m 29, and didn’t start earning a lot until the last 2 years. Should I sell and pay down the loans?
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Best travel credit card

Does anyone have a NYC-based or NY licensed (not sure how it works) accountant they recommend that’s young (last acct retired), has experience with freelancers and affordable?

My wife runs a personal training business, pays a % of her revenue to the owner of the space. When she first started, she bought (on a loan) a very expensive InBody machine. She regrets it as it’s cos… more

What are tax implications of backdoor Roth? My understanding: I contribute $7k of after tax dollars to a traditional IRA, then convert that 7k to my Roth IRA. What do I owe taxes on? Online says I owe… more

For anyone that uses Rocket Money, how do you categorize adding to your investment account? I see there is a category called Investment, but I don’t want to double count it under Income.

Has anyone else noticed the selection online at Costco is dramatically worse than in-store? For those of us without a car (/have access to mass transit), is there a way around this besides bugging someone for a r… more

Gave out my employee bonuses in Bitcoin when it was at $100k. I asked one today how much she was up? And she said she already cashed it in!!!! 😡 You can lead a horse to water…….

Can someone confirm that we have until April 15, 2025 (tax day) to execute the backdoor Roth option for 2024, not December 31, 2024? I want to make sure that I have more than just a few days to do thi… more

PSA - PredictIt is a scam website. I bet on the presidential election and won. They changed my bet and stole the $. They won’t even let me transfer the balance out. They have no customer service numb… more

Treasury direct is so difficult to navigate. Does anyone know how I can tell if my $ is invested and growing?

Newbie as an accredited inveator. Looking for suggestions on relatively low risk investments. Thanks in advance

Hi, I have around 10k in HSA and need some cash for the some immediate expenses but don’t want to pay the penalty. Is there a way to do that?

My 401k deductions were paused while I was on an extended unpaid leave this year, which makes sense. But after returning, they stayed paused, so now I am way under the contribution limit (I try to max… more

Last year's Decemenber Network 125k. This year 200k! Also used a budget to account for every dollar. Feeling proud and blessed for my accomplishment!

Checking: 8k
Brokerage/ robinhood: 16k
Hysa: 47k
Roth ira: 70k
401k: 64kmore

how do you split your savings? lets say you have 200k cash!!! stocks vs savings vs ETF vs others(% of allocation)

where would you park $50,000 if you wanted to make more than 5% at relatively low risk

Those who are on work visas in the US and have no certainty about the GC/PR, what's your take on 401k?

Do you try to put as much as you can in your 401k for tax benefits or do you stick to standard brokerage accounts beca… more

Anyone have a good HYSA referral?

I recognize the best investing is an index / ETF.. but while I’m on mat leave - any affordable online courses on investing ya’ll recommend. A little beyond the basics like how to choose companies, wha… more

If you had to tell your younger self one piece of financial advice that has helped the most in your personal finance journey, what would it be?

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Anyone in a big 4 audit role? My spouse is at deloitte and says I am not allowed to use roboadvisors like wealthfront etc. at all because they dont have a broker feed established to them…is that true?

I've got around 80k in a 4.25% HYSA. I owe 47k on a HELOC with a 8.25% rate. My wife thinks there are write-off benefits to the HELOC. I think we should pay it off. The other option is to invest t… more

Novice investor here. Have 95k to invest and trying to decide between putting all towards voo or nvda for more aggressive return prospects. Any advice?

Is there any benefit to setting up two different 529s? We already have one (NY) but my parents are insisting on setting up another.

Apologies for the dumb question but would appreciate any advice on how much tax withholdings I should elect.
Current situation: single, 155k base, received a 40k gross bonus (25.5k after tax). Currently I st… more

DCA or Lump Sum? I recently sold out of accumulated RSUs from a previous employer, approx $100K. Obviously need to get this money into the market, planning to go 100% VOO. Would you DCA $5-10K a week … more

I am in a position where I can pay off the rest of my federal student loans (~ $20k) which average out to $350 monthly payments. I feel very hesitant to lose that money from my savings account with th… more

If you were to invest 1M of your parents'money, predominantly in equity (ETFs, index funds, mutual funds, etc, not individual stocks), what would you do? Key criteria: capital appreciation, medium… more

Anyone actually benefited from an advisor ? My view is that each of these advisors are only in it for themselves. If you think otherwise , pls recommend one you have benefited from to me. Thank you

Me and my partner are struggling with where to invest our money for retirement. We are from the UK, live in Canada but are unsure if we will retire in either country.
Would love to hear from other expa… more

Me and my partner are struggling with where to invest our money for retirement. We are from the UK, live in Canada but are unsure if we will retire in either country.
Would love to hear from other expa… more

Those who have a high yield savings account — how much do you leave in your checking account?

Does anyone have or had in the past the Bank of America Premium Rewards card? I feel like I can do better for getting cash back on spending, not necessarily for travel … There is so many cards these d… more