Personal Investment Chatter

Trying to decide on a new financial advisor. Have $12+mm in investments (retirement and other), two properties worth ~$2mm, and a small business worth ~$4mm. Point is I don’t have the time to do it my… more

What’s your fav high yield savings account? Currently have an account with capital one at 3.4%

What’s the rationale for front loading your Roth IRA in the beginning of the year versus DCA-ing?

Anyone use CIT hysa? What do you think about it?

We bought an IUL insurance policy 2 years ago. Realizing now that it was not the best idea. Anyone tried canceling their IUL policy? They have surrender charges until 10 years which is quite high ~1% … more

I think I accidentally claimed Roth IRA contributions as a deduction in my tax return when it should be traditional IRA contributions. Thoughts on whether to correct or leave as is?

Is anyone loaning stocks with Fidelity? It looks like I can make a little money and have full collateral. Goal would be to do in a retirement account to avoid tax implications

I contribute to a Roth IRA as my income is within the limits, and I am about to max out the contributions. I recently found a new job that will put me above the income limit, such that my W-2 is now a… more

Made a huge mistake in January 2022… took out a $32000 student loan with Discover. The rest of my loans are all federal, but I was studying abroad and needed more. My mistake wasn’t the loan, the mistake was fall… more

What happens if a custodian to a fund goes bankrupt? Does SIPC insurance kick in? Or does the brokerage eat the loss and switch custodians?

Dad gave me 10k 3 years ago to invest for him and now he wants just the 10k back and told me to keep the change.

Do I take it out of the 10k from the market or from my savings account? I want to have … more

Hi everyone, I’m going to start doing Doordash / Grubhub in the upcoming weeks and I’m looking at opening a solo 401k to maximize tax deductions. In order for me to contribute, do I need to have the i… more

What are some tax deductions that a normal working adult who makes ~$80-100k a year and has no kids might be eligible for? Just curious if others have had good recommendations in the past, the only on… more

If I exceed the income limit to receive the tax deduction on a traditional IRA, why would I still contribute to an IRA over a brokerage account?

Hey fishes! What bank would you recommend for opening a business account? TIA! (Used Chase for PB and really disliked the service so here I am)

Over contributed to a Roth IRA (max contribution) due to being over income limit. Seems like I can withdraw it or recharacterize it to a traditional, what’s the best and easiest option?

When is it a good idea to use your HSA? From my understanding, it’s a savings account that you can add money to per paycheck, and use that to pay for medical expenses. And also the money inside can be… more

Which Bank do you use for you HYSA?

Looking into a couple… wondering people’s thoughts

Is it normal not to receive a 1099 on my 401k or IRA? Even though I did get distributions

What happens when a 401k has more than 250k in it? Is it still SPIC insured?

Where have folks found the best rates on home loans? Big banks like BofA, smaller fintechs like sofi, credit unions, etc?

Do I need to file taxes for an LLC that didn’t generate any revenue? Didn’t receive any forms from Stripe Atlas about these businesses and don’t see a section on this in TurboTax

Curious if I should use the money in my high interest savings account to invest in QQQ or VOO instead, in order to see higher returns?

Where are you guys going to shop auto loan rates? Also, what's the highest rate you are willing to pay (assuming you have the cash or investments that you could access). Last time I bought a car 10 years ago… more

Why do big banks like Chase not offer high yield savings accounts like Wealth Font ? Also, any recommendations for FDIC insured banks with high yield savings accounts greater than 4.3% right now ?

"Don't invest now, wait for the market to stabilize! Buy 5% CDs and invest later!"

Meanwhile me, lump sum at the beginning of the year. Already up 5% in 3 months. Thanks for playing.

What have you done with your PTO payout once resigning ?

Is there a certain amount of money you can put in a 401k per year?

401k Q- Invest in Target Date Retire Fund for my goal year OR invest in a few different sp500 and adjacent ETFs? Also I put 10% of my balance in my company stock fund just fyi

My wife and I have about 150k cash to invest. I’ve been hesitant to do anything with it given the current market. Should I keep waiting until things stabilize? Or are there some smart moves I can make… more

Does anyone have experience with IULs as a banking system and NOT for retirement? Has it been worth it? From my understanding, the upfront fees are steep but you can overfund and withdraw funds withou… more

First time tax filer here (just moved to the us last year). Do I file@my taxes myself using TurboTax or do I get the service to make them do it for me. I have only w2 and im@contributing to HSA and 40… more

When buying a condo, I’m seeing a rough estimate of 15k for closing costs. Is this a safe assumption or should I use some percentage on the total price of condo?

Has anyone gotten a mystery credit to their bank account (possibly from the IRS) labeled “APA TREAS 310/MISC PAY”? Mine was for an even $100. Bank researching.

New job gives an option for 401k and Roth contributions. A little lost on this as I’ve never had the Roth complement in a retirement benefits package. Is it worth it? HHI is about 500.

Could someone explain the steps / timing for mortgage shopping? We were preapproved by a lender back in Jan. and planned to shop around for the best rates at some point but unexpectedly found our drea… more

Can someone please give me a Marcus HYSA referral? Thanks!

I am planning on buying a house within 1-2 years. I currently have 55K in cash that I will use for down payment (had to sell ETFs before joining EY so have a decent amount of cash on hand). The cash i… more