Personal Finance Bowl

Do you rather max out 401K or Roth IRA orr both?

Has anyone set up a personal Trust using Chat GPT? What was your experience with putting assets in it etc.?

Is the Chase Sapphire reserve worth it? I’ve had the card for a few years but just had a baby and don’t think I’ll be traveling much this year. Plus they lowered my limit to like $500 (without warning… more

Are we almost at a recession cycle? buy gold or wait?

My fed loan payment is roughly $270, I'm throwing a $350 payment to it instead. How should I select my special payment instruction? Standard Allocation? Across all loans proportionally? Smallest loan balance?… more

Has anyone seen what Warren Buffet said abt the tariffs? Hold or buy?

With all the tariffs going on, how much expense do you expect to spend on grocery etc?

How would you invest $25,000 this week?

My wife and make significantly more (nominally) than our parents did at our age. Her in big law and me in big 4 consulting- we have no debt, we invest my entire paycheck, have ~1 year emergency fund, max 401ks… basically we … more

Anyone invested with phoenix energy? How’s your experience been?

Looking for feedback on a car purchase. Currently financing a Volvo XC90 hybrid, about 2 years left in payments (or about $30k) and ~30k miles. I have cash offers (i.e., Carvana) for close to $50k. Wi… more

So I’m looking at using up my retirement to pay down debt in a big way, anyone have any advice, I realize there are tax implications as I’m only 30 years old but I think this could really help get me … more

Anyone managing personal finance with options? I’m mostly accounting—just curious, no WSJ-level trading here. Should I try tho?

Would it be a good time to consider gold over dollar?

What is something frugal or flat out cheap that you do to save money?

I’ll start: I gave up alcohol

I know it’s probably a common questions, but with all the budget cuts from the current administration the market soon might crash at one point right

How come I pay so much per check for insurance and can still not able to afford to see a doctor?

Given the current high cost of living, is seeking a higher-paying position the most effective way to increase one's income?

My husband bought some Apple stock in high school which has grown to about 400k but now it makes up over 20% of our total investments. Should we sell or just hang on and let it ride out for the indefi… more

Would a second job or stock trading provides you more financial support?

I switched from an HSA to an FSA but I still have a balance in my HSA. It is now being assessed a $4 maintenance fee. What is my best option here? Should I just try to spend it on eligible items?

How to mentally justify 50k wedding for <60 people? (Vhcol)

Anyone preparing for a potential stock market crash tomorrow?

have anyone tried invest in realty mogul or fundraise? I really want to hit my first 100k but now it’s at 20% of stage so far, pls share your experience with this two investment options.

Does everyone here max out their HSA, 401(k), and Roth IRA? With my relatively low salary in NYC, I feel like if I tried to maximize all of them, I’d barely have enough cash to cover day-to-day expens… more

With my post-tax paycheck under $6K and NYC rent at $3K for my peace of mind, I’m barely saving $10K a year. What are some viable second job or side hustle options?

Any good stock suggestions under $10?

I'm about to receive about $45k. I need to keep it somewhat liquid for the next year or so, so can't just dump most of it into long term CD's, online HYSA, or brokerage (mostly because I d… more

Has anyone else deprioritized getting a house/condo and, instead, allocated all of that money towards retirement? (no debt to pay off or emergency fund to build)
I think I’ve accepted I’m going to be … more

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?
… more

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