Are most people maxing out their 401k? I've only been in the workforce for two and a half years. The first year I made $55k, then got promoted to $65k. Paid off student loans in that time frame and contributed between 15% - 25% to 401k. I only lowered it when I moved out of my parents house. Right now, I'd have to contribute 42% of my paycheck to max out!

I'd like to save for a house, which is what I'm currently doing with HYSA and brokerage. But maybe I need to shift my strategy?

Any good ETFs to invest Roth into?

I can do the math on SWR’s, but always happy to have the input of this forum, be it positive, constructive, or a really unique perspective. I’ve been lurking on a FIRE journey for a while, and here is where I am:
2.3M in retirement assets (30% have been taxed)
8k a month in expected expenses…continued in comments

Has anyone here ever gifted a stock? Do you know the process? (Especially on Robinhood or Fidelity)

I have a fantastic mortgage at Wells. Amazing rates! Message me if you want an intro.

Shoulda just sold my stocks to pay my taxes instead of holding and using cash 😂🥲. Same result - except now I have to hold longer

Need help w fam situ: Parents are divorced but share an apt in my city. Dad pays for apt &visits; mom lives there full-time & pays utilities. Mom works PT& has variable income but makes ~$40k; she has no health ins & ZERO saved for retirement. She has a condo she rents out & clears $200/mo, but she fails asset test for county insurance assistance program due to condo. Any ideas about what we could do w the condo? She's too young for medicare/medicaid. Employer ins too expensive

I'm a long time user of mvelopes budgeting software, and we just got a notice that they're shutting the platform down at the end of the year.

Looking for a recommendation for an "envelope based" replacement. They suggested Every Dollar, but it doesn't handle credit cards well.

Everyone has a different perspective on this but would love to hear yours. Someone has debt ranging say 4-5% interest rates. Do you attack debt more then investing to move towards a debt free life or do you go after investments since they return historically above that then paying down closer towards retirement. I know the latter looks better on paper but what about the psychological factors of being debt free and the guaranteed return on interest savings.

What is the best way to look at historical PE investments? I am hoping to discover new PE firms for networking / sales purposes. Potentially a website specifically that tracks announced PE deals. Thank you!

I am 25 years old with roughly no savings. I am a consultant with a technical background. Are there any tips in side jobs/ways to make more money for savings?

Hello Fishes,

I have joined hcl on 24 th sep 2021 and my last working day here is 18th May 2022.
Today I received my provisional full and final settlement and the payable amount is negative -11454. They are recovering the full AMPB amount which I got from September months.
I have heard from this platform only that hcl stopped the recovery police but still I got the negative fnf.

Hi Fishes,

If the gross CTC is more than 120K in Poland, tax will be 32% right?

Are there any other deductions apart from this?

My assumption is, we get atleast 68% of our gross. Are there any ways this can further reduce?

Does having student loans impact your ability to get a mortgage?

What's it like to buy a new car in Dubai? Financing available?

Anyone has experience in investing through Angellist?

Any pointers on the best UK credit cards to get?

(Context: I'm a Londoner moving back home after 5 years in NYC)

Hey Fish Fam! I wanted your advise on where to invest in property? US or India? Can you please help me with pros and cons of both?

My strategy for Bitcoin:

Buy low
Get worried and sell lower
Get FOMO and buy even lower
Panic and sell at its lowest
Cry myself to sleep
Repeat

Well I guess my holdings are never going back up in value

What advice do you have for someone who wants to make a quick and seamless transition from operations to creative?

How much of variable pay is paid out in UST ?? In my package i have 4lac of variable component. UST Global IBM ??

When do offer calls normally come? Middle of day or after 5? Weekends ever?

Hi Fishers. Good Morning! I got offer in Citi. Can someone let me know whether we can go home and connect. Or we just need to stay in office until all call gets over. Do they provide laptops for new joiners. Citi

For a SAP BODS consultant with 7 years of experience, what should be the package in current market?

My friend in FFO has been asked to come back to office by 2023 beginning and it was announced in their townhall too..Anyone from CONEXTS FFO who can confirm this..also any updates if this will be done in other CONEXT functions/teams too.

What is the designation hierarchy in Lilly for IT solutions ? Can anyone please help with that information

Do you consider your teaching a ministry? How do you do Gods work in the classroom?

What can I do outside the office to boost my resume and be a substantially more attractive candidate for top consulting firms in ~12 months time. Working in disputes and valuation role but want to go into management consulting next year (post MBA role). I feel like my job isn’t enough because skills aren’t considered as transferable outside this field.

Anyone up for a virtual summer time meal this weekend?

How’s the work life balance situation at Amex for data engineers?

Is it natural to be happy then sad then happy again or on an emotional roller coaster in your career? Or is there such thing as work nirvana?is it possible to truly like your job and enjoy it every day? Or are hard days inevitable?

6/23 check in! What are you up to today?

9/28 check-in: What are everyone’s workout plans for today?

For me- treadmill, triceps, chest.

Hi Fishes ! Any idea how's the product team at Shine(HTmedia). Getting 22 LPA fixed as PM. I've a total of 3 years of workex in product.

Any recs for mixology classes for couples?

Newly promoted team manager. My business unit's culture is super competitive but the vibe is much more relaxed at our company's other offices- any ideas on how to change things?

Do anyone know data engineer interview process,question, azure side, big data? What I can expect in interview also this is going to 1st switch any advice will be helpfull

Can I just vent on how annoyed I am with the increase in “priority boarding” of people that are able bodied? I am happy to let them on first. But I think they should get off last. So many times they are limping or in a wheelchair boarding. And then when we land that are the first to jump up and scurry off. Just not ethical.

I'm a long time user of mvelopes budgeting software, and we just got a notice that they're shutting the platform down at the end of the year.

Looking for a recommendation for an "envelope based" replacement. They suggested Every Dollar, but it doesn't handle credit cards well.

I am 25 years old with roughly no savings. I am a consultant with a technical background. Are there any tips in side jobs/ways to make more money for savings?

What are your thoughts on buying a house now and refinancing later? (Hopefully when interest rates are lower)

Hi - AMEX sign up bonus is higher than ever. DM me if you would like a referral link, I’ll split my bonus with you as well :)

Currently maxing out my 401k and HSA and investing about 1k/mo in ETFs. Also recently started buying I-bonds given inflation. What are other things I should be thinking about?

What’s up with people talking about withdrawing from retirement due to CARES Act and investing elsewhere?

Google stock to buy now or after the split?

Vanguard Digital Advisor ( 4 ETFs, 0.15% fee) vs HSBC Financial Advisor (15-20 funds, 1.5% fee) which one to go for nest egg growth 100k starting

I have a LOT of credit card debt. It has just grown over time and I can’t find my way out. I’m considering debt consolidation, specifically a company called National Debt Relief which seems legit but I’m just so hesitant because I’m scared to make my situation worse. Or a personal loan to pay off all the CC debt and then have a smaller all in one payment. I’m intelligent and I work in finance, it’s so embarrassing. HELP.

What does 401k mean?

Seeking feedback on GAP insurance. I had a family member who purchased a car in June or July. They were in an accident last week and it sounds like the car will be declared a total loss. Never dealt with this before, so wanted to ask if anyone has ever had an instance where the insurance didn't cover the outstanding balance of the loan and the insured then owed money? Car was $35k, $7k down, finance $28k. Gap insurance is through lender, not auto insurer.

I stopped contributing to my 401K for the last three months in order to pay off credit card debt. I am 28 and have about 68K in my 401K. Was this a smart decision? I want to get out of debt as quickly as possible and I have no student loans or car debt.

I racked up about $20k in credit card debt due to a confluence of things happening at once (move, school expenses , etc ). I have a fair amount of paper assets but not a much free cash. Assets are down a decent amount with the current market cycle and I’d prefer not to sell them to cover the debt , although they easily could. Any suggestions how to handle the credit card debt without racking up tons of ongoing card interest?

I spent the last 3 months "growing up" & now I'm ready to go. 1st thing is for me to get my own place. I'd like to buy instead of rent because I don't want to pay someone else's mortgage.

I'm thinking of selling my car & cash out some of my 401k to buy a house. My thought is to put down 3.5% for a FHA loan then make a big payment towards the principal to reduce long-term interest.

Anything wrong with this thinking or anything else I should consider?

Live in a HCOL area. Looking to buy in the next year. The least I can afford to buy would put a mortgage at 40% of my monthly take home pay (post tax + max out 401k) but 25% of gross income. Will 40% of take home pay make me house poor?

I’ve always been a big saver minimum 15% to maxing out my 401k since I graduated college. I’m married to someone who thinks 6% is enough and likes $$$ cars. Other than the cars, they dont really spend money. For the married 🐠, how do you have the conversation with them that what they are doing isn’t enough? I try to guide them and say you want the $$$ cars but the salary you have won’t get there and you’re going to have to find a job that gets them the salary…. Then the fight starts.

Any good wedding ring sources aside from Blue Nile?

Have an acquaintance who is a single mom; she purchased a used car 3 mos ago. Six wks later her 17yo wrecked it, air bags deployed, and estimates have ranged between $10-$18k in needed repairs while $21k is still owed. Acquaintance was switching insurance policies and flubbed the coverage dates and there were a few days where the vehicle was uninsured. No GAP insurance. I'm not seeing many options for her besides to continue pmts, fixing just enough to drive or voluntary repo. Thoughts?

In your opinion which is the best target fund to choose in IRA Roth?

Have about 5k to invest - should I do FXAIX or FSKAX?