Need answer to cashing out US 401k - are taxes and penalties paid out immediately before receiving the money or do you pay the tax on it after filing next year? Does it vary depending on where money is held, like Fidelity v. Voya, etc. And I’m fully aware of how bad it is to cash out but I have no other option at this time and it is critical. I just need to know what % from total in 401k I should expect to actually hit my bank account. TIA

What do you look for when examining the accounting for a small business stock purchase? Asking for specific types of errors and red flags.

How do filmmakers find investors?

Hi everyone, any tips for resignation letters, who to meet/tell first, what to do before your last day (i.e. anything adulty like 401K or healthcare)? Any insights would be greatly appreciated!

For background checks... who do you guys use and would you be willing to share monthly membership fee/cost per check? I currently use HireRight and have been happy overall... but I don't feel that it's very competitive at $48/check. Thanks in advance!

Will move in September to London
How acceptable is 60k comp given rise in COL?
Any tips for housing areas/process etc

Thoughts on investing in FTT FTX? It’s available on Kucoin

This week in homebuying horror stories: offered $60k (10%) over asking on a house. Got beat by a last minute all-cash offer from an out of state buyer who was buying sight-unseen.

This is the worst.

Do you share details about raises/bonuses/other financial gains with friends or do you keep it to yourself? I have a few friends who will tell me everything from how much money they make to how much their husband spent on them for their bdays to how much their parents make?? To me that feels like bragging/being arrogant. It’s also the way they say it, feels very much like seeking validation to me.

For those of you who made your first million in net worth, what did you do next?

Investor’s Business Daily: worthwhile?

I’m looking for assistance on building your own portfolio in my traditional 401K. I’ve been reading that it’s important to choose funds with low expense ratios. Also, that it is recommended to have at least one US stock, international stock , and bond. I am 24yo so ideally, I’d want to allocate 90%-100% to stocks and 0%-10% to the bond. Any other things I should be looking at?

Hi fishes, could any one help me on how to withdraw of money and how much can be withdrawn ?

Any good book recommendations for profitability and performance management for banking industry? Or books on best practices for calculating economic capital?

Is there anyone from Canada here? I’m looking for some information on working out of the country, but selling insurance.
Thanks

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

What is everyone’s top 1 or 2 favorite books on personal finance? I’m always looking for a new one to bring into the fold of what I’m doing

What are ways I can spend my $200 airline credit for the Amex platinum ? I saw upgrades don’t count and I have status so already get free baggage, lounge etc.

My realtor looked at a unit for me, and shared the video w me. I’m interested. The unit is on MLS. Then he posted on his IG story seeking buyer. I’m kinda annoyed because now I may have competitions since he is my realtor OR should I be ok for him to do that since it’s equal playing field on MLS?

Can anyone suggest if I can make a rental contract with my parents on a 1rupee stamp duty letter for below 1 lakh? If so, can I directly submit that to income tax department while filing the return for claiming refund or should I be disclosing in Deloitte Portal for last FY 2022. Also, I assume 11 months contract doesn't require to be registered with the govt? Please correct me if this is incorrect. Appreciate your suggestions on the above for tax benefit purpose..!!

Any good apps or websites to track your net worth across all accounts (investing, banking, retirement, house) without sharing your information?

I got 10lpa excluding gratuity and pf. What will be my in hand salary?

Does anyone getting similar mail daily :Know Your IBM January'22 - Register Now ?

IBM wants to retain me, manager told me told withdrawal the paper. But still didn't get the revised offer/promotion letter? So before withdrawal will not get yhe letter from ibm?

Hello guys, I am looking for a job change. I have 5 plus years of experience in vendor management, MS office , SAP, Payroll management, MIS, Data analysis, Customer management, Office admin work, Documentation. I am a immediate joiner and looking positively for your response.

Can anyone please refer me for Senior Informatica/IICS/Datastage developer , open to Pune/Bangalore/Chennai/Hyderabad location.

Total experience -7.8 years
Relevant - 6 years
Notice period - Serving (45 Days Remaining)

Hi! My peloton is arriving tomorrow and it’s motivated me to stick with a routine and eat healthier given how much that thing costs 😅. I’ve never done pre/post workout shakes before. Does anyone have any recommendations on which protein powders to look into and when to drink the shakes? And also like what to mix with it? Thanks in advance!

Could anyone let me know kn how EY account will be in hexaware?. Is it good one to go??
Please suggest your thoughts
@

What is CBO TTH drive recruitment in TCS?

Hi Guys
I will be joining IBM next week in Bangalore ( physical onboarding ) and my hometown is in West bengal , My father is having health problems , mother won't be able to handle everything and no such person we can rely on . Also I am getting married in January . Hence If i stay in Bangalore there will be no one to take responsibility for my marriage prep also . If i convey to my ibm manager will they consider for 4months of WFH?Any documents may have to show?
Need your suggestion please

I tutor for cfa if anyone needs help.

Has anyone done a collab with influencer MIKIRAI? I know she’s a big deal but i’m trying to figure out if she’s worth the money, our agency just had a bad experience with an influencer and the client is not happy. We need to make a comeback! All insights are appreciated.

Has anyone else begun to resent data science?

What is the market like for entry level data scientists/ data analyst. I have a graduate certificate in data science and have spent the last 27 years as a mainframe dev so I have great SQL skills.

If anyone wants to study for the CFE but doesn’t want to pay the full price for the study materials and would be interested to split it, please DM me

Hello EQ fishes

Happy Black History Everyone, let's make this a truly historic month!!

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?

Recommendations for a good auto lender in NJ area? Looking to buy/lease a car

My boyfriend and I make 200K combined and live in NJ. We have $1000 in monthly car payments combined. That’s all we owe. Our credit scores are in the 800s. We have 50K to put down on a home. We have done the math and I know we can afford much more but he doesn’t want to buy more than a 400K home. I’m almost positive we can afford 500K and be more than ok. But then he starts to talk about how much kids cost and how we will be house poor and we won’t be able to afford kids. 🤔 Am I insane??

Say you have $1mm in cash, is it plausible to put it all in a HYSA and take the monthly interest payments as income at say 3% APY and then quit your job?

Theoretically*

accountant said he needs my IRS pin to e-file. Can anyone confirm this is legit?

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

Debating between a few travel cards and need some opinions. Debating between Capital One Venture, Venture X and Amex Green card.

Live in a non major city with an international airport, but need to be flexible to different airlines. Which of those cards, or other cards out there, would be best

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?

I recently joined a company after being self employed. I’m on hubs’s health insurance. We have no kids. It’s United healthcare. The company offers United as health insurance. What’s the best way to compare plans? I have not been in this situation before so apologies in advance if this is a dumb question.

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.

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

Under contract for nearly 1.1M. Wife and I are at HHI $315k. Will go up in the future, $400k in 3 years and $500k possible in 5-7 years. We have $300k in non-retirement funds, $260k of which will go towards acquiring the house. We have 2 kids and will probably reduce (not maxing) retirement accounts next 18 months to do this. Anyone have any thoughts or feedback? We’ll have to live on a budget and watch but I feel we’ll get used to it and income will grow.

What’s a good baseline amount to keep in a checking account? I generally keep mine pretty low <1000 after paying CCs then dump the rest in savings. As I’m building a rainy day fund and then I will start contributing my brokerage account.

For reference <1 year experience at $4500/month (after taxes and 401k contribution)

Google stock to buy now or after the split?

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?

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

24 yr old, 110k TC, maxing out Roth IRA and Roth 401k, no debt or large expenses. Also have ~35k sitting in a bank account. What should I do with that money?? Am I better just sitting on it for a while then watching it shrivel up in my brokerage account?

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

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.