Newbie here and frankly hadn’t thought about saving or retirement ever. I wasn’t taught how to manage money by my parents growing up and since we didn’t have much once I got some money I started treating myself. I managed to kill bad habits and clean up my debts. I’m looking for any blogs or information you guys can share that would be helpful in this next stage. I want get my finances in order so I can retire (semi early) Thanks!
Trying to educate myself so apologies if this has been answered. MA state and wife and i are early 30s no kids (might have brother coming to US for studies soon) My income 135k and wifes 120k pre tax. We max out 401k and 6k HSA limits. What else we should do to reduce taxable income? Does IRA/529 make sense for us? Have emergency funds and other savings taken care care off. Happy to provide more details. TIA
Having an issue with direct 401k rollover. I had an after tax portion with old plan and my new 401k plan now does not accept after tax rollovers. The check has already been issued to a state street bank & trust FBO [my name] and I can’t reissue to a new bank. Any tips on deposit this check to an IRA? Can I endorse to another bank even though I’m only FBO on the check?
Wondering if I’m putting too much in my 401k, currently @ 85 base per year and hoping to place 40% of my salary for the next 2 months to finish maxing it out. I currently have ~1.5 years expenses and have maxed my IRA and HSA. Should I be hoarding more cash?
I’m a 28F who is barely getting into investing. It’s frustrating that it took this long but as a first gen college grad, my parents didn’t know anything about this stuff until very recently, so naturally I was never taught about it. It’s crazy to see people younger than me with all this knowledge on saving and investing. How did you learn so much at such a young age? Any advice for someone like me who is starting out so late in the game?
Is it wise for my situation to take a loan against my 401k @ 5.5%? Hv 60k international mortgage left of 200k at 9%, can’t refinance here. Hv 32k in 401k, 25k In emergency in HYSA.
I'm 29 and will have close to 120k in assets by end of year. I know everyone's situation is different but just curious how I'm doing compared to other 29 year olds! Sometimes I feel 'behind' when constantly seeing people in this bowl and other platforms talk about having 200-300k+ in assets and are like 25! Just looking for a reality check :) Where you at my 1992 brothers and sisters!
Cashed out my 401k yesterday and never felt so free. Was never expecting this to be real money
Genuinely asking for input from folks good with managing money. Grew up around very poor $ habits. Single mid 20s. Making $85k, rent is $1,650. No car pymt or debt. Have 6 mo emergency fund. Been contributing 10% (+ 4% match) to 401k and maxing Roth IRA. I budget for and track every dollar I spend and enjoy my life without being overly extravagant. Would most people be spending less and contributing more to 401k? I’d love to be someone who maxes out 401 - but don’t feel it’s realistic? Thanks!
Other than higher pay (I didn’t become a lawyer to get rich 🤣) what is the benefit of working for BigLaw, or private practice in general? As a government lawyer, I make 6 figures, have excellent benefits, no billable hours requirements, more time off than I know what to do with (including mental health days), a pension, a 401(K), option to chose whether to WFH or not, no weekend work, no working before 8am or after 5pm. It seems like so many lawyers in private practice are unhappy.
How are you all voting on the fair tax amendment? I am voting no because I do not want to continue giving our government money until they fix the pension situation too. But curious to hear your thoughts.
Is our 401k match with Accenture on a vesting schedule? Can't find this information on the live well website
In your opinion what is a better life - being really rich like making $500k a year or more but no serious relationship. Or having a partner and family but making below $200k?
So, apparently my school has the lowest teacher attendance this year. As teachers- what would be a good incentive to get perfect attendance and not use your PTO?
I just started my first full time job. Naturally I have no savings or any liquid cash outside of some investments in my Roth. Does it make sense to not contribute to my 401k for now until I get my liquid cash needs met? Basically I’m wondering if I should stick to my plan of strict cash flows from Gross Income -> Net income, or be more flexible bc of my low tax bracket and accrue my liquid cash to my personally sufficient needs? From there then I start contributing to a 401k? Thanks!
What are the advantages/disadvantages of rolling over your 401k to an IRA vs keeping it as a 401k (in either your new employer or leaving it as is with your old employer)?
I’m 24 and just started my career at EY as a consultant. I feel good about the salary I make, work I do, and where I’m at in my career. My personal life also has a ton of fulfillment and truly makes me so happy. That being said, I have a high school classmate and close friend who was in IB and just started his own hedge fund type of business after leaving his big bank job. I feel like I’m falling behind. He’s probably going to end up a millionaire fast. I try not to compare but can’t hell mtseld
Anyone ever over-contribute to their 401K? How quickly can an employer amend your W2? Hoping to get it in before the filing deadline
I’m 25 and new to investing. Since I’m young, I figured I can be aggressive and avoid bonds for now. This is the breakdown and would appreciate any advice. 401k: VTI (80%), VXUS (20%) Roth IRA: VOO (33%), VUG (33%), VGT (33%)
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When you're at the office past 7 and feel like dinner should just be served to you on a mother f'in golden platter
When you are in a hotel elevator with a group of people making fun of those stuck on low floors... Yup must be other consultants 😂
The delta gate told me that I hit the jackpot although I paid the full price for my first class ticket.
Uberx is the economy class of car service
Anyone have success with road strange?
When you just friended your SM on Xbox and you can't decide if that's a good or bad thing for your work-life; but all you can think about is how you're going to kick his ass in Call of Duty.
Flight attendant: "sorry we are out of salad." 20 min later I walk to the lav and she is eating salad. Smh
What does everyone want to do after consulting? Role/company to make it interesting, not "industry".
Are we allowed to expense all the bleach I bought in preparation for shit hitting the fan and splattering all over the walls?
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