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Hello Fishes,
Noob query. So there is an LTA Reimbursement component in the FAP allocation. I've mistakenly set it to the max amount. Now in June, 2022 salary I only received half of the monthly expected amount. Any idea when will I get back the money? And why did this happen. I'm sorry I don't have much idea on these
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Here is my story... Hoping someone has been through the similar situation and can shed some light on. I am originally from Turkey and have lived in the US for 5 years. Had a great job and life in NYC however I was so sad and lonely being away from my family so I decided to quit my job and everything.In expense of moving back home. So now I'm in Turkey i don't have a job and it's been months I'm sitting home and spending my savings. I have offers from right and left but I don't want to work again...
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I'm going through the process for a lead data scientist role at McKinsey & Company / QuantumBlack. My recruiter says that the case study will be related to data science but there's isn't an awful lot to work with online. Is it going to be same as the case interview for generalist roles? Any advice from someone who's gone through the process or works in the firm would be really helpful!McKinsey & Company QuantumBlack
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VOO vs SPY?
Thoughts on whole life insurance? Worth it?
What do you think about bonds
3-6 month emergency fund. Pay off high interest loans (8% is very high). Invest the rest if any.
$10k to VOO or another index fund.
$10k to i-bonds.
$23k in HYSA.
If payments began in August, you could use the money in HYSA to pay for them, then take out the money in I-bonds next year and slowly divest the index funds if needed.
How much do you have in student loans? If less than 45k, set aside that cash in a HYSA for when interest payments come back and just take that difference and invest the rest. Otherwise I agree with previous poster, not necessarily the best long term bet to invest as 6-12 months is not a long time to invest
@K1 and ZS1: understood; thank you! Sounds like a HYSA is the best short term solution then
I wouldn’t pay off loans. There is a small but real chance the government cancels some of the student loan debt.
If they did it would likely be income based and only a certain amount. I’ll make the strong assumption that most users on this app in the US likely would not be included given the above average and median incomes.
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Curious if you can refinance to lower rate during this frozen period?
I want to focus on paying off the highest interest first (as not all is at 8%) but the debt at rates lower than inflation might be better addressed by paying minimums and putting the majority into higher yield investments
Pay off loans and invest the rest(index funds), probably expand your portfolio