New 🐟 here! Currently make $150k, wife makes $50k. I’m an immigrant and came to the US with almost no money. Wife is a citizen but grew up poor. Neither of us really knows how to budget / plan for the future. So far I’ve just been reading articles on the internet and trying to follow general advice.

E.g. Rent and utilities is about 26% of take home.
15% goes to debt payments.
Savings about 25%.

Should I get a financial planner? How should I go about this? Idk why I’m stressed

can any explain the advantages/disadvantages of doing a lump sum pension payout rather than waiting till retirement? I no longer work for the company so does my pension not grow so getting lump sum is better to move to an IRA? thanks in advance!

28 F making 132k. I don’t do much in retirement planning yet but hope to start maxing out this year. Should I do traditional or Roth?

How do you guys invest your money? Max 401K?

does anybody have any experience living in co-living spaces? looking there since i may be heading to NYC for grad school (all on loans) and already worried about not meeting a 40x income requirement.

How much are you saving each month? I'm making 80k annual, maxing out Roth IRA and doing a 17% Trad 401k deduction, and paying $1.5k in monthly rent. Wondering how much I should save/spend after that.

Looking for my second credit card! Just had a DiscoverIT Card. My credit score is at 720 right now. Should I jump to the chase sapphire preferred (got pre approved) or do the Chase unlimited/flex first? Not sure if it’s beneficial to be doing a no annual as my second card. Please help!

What’re folks thinking about loans for school (private/fed/combo)? Given rates are rising and there is no chance Biden stops the interest moratorium/May cancel some amount, I am thinking taking some federal may be worth it now.

Reposting in case someone out there didn’t see my last one. Looking for a house swap in Manhattan/BK for ours here in Oakland. We have a big 4 bedroom Craftsman, yard, close to all the outdoorsy beaches, redwoods, hiking, Tahoe, Muir Woods etc stuff and SF. The air is finally clearing up. We need a 2 bedroom. Need to come back to NY and see my people. DM if interested.

I am missing 300k in sales to get to better tier in my brokerage (lifetime benefit) - If anyone is looking to buy or sell a home in Northern Virginia this year DM me - I am happy to help you basically for free to reach that goal :-)

Traditional IRA gained two cents of interest on post-tax dollars contributed while doing backdoor Roth IRA and waiting for funds to settle, what do I do?

Do you think I can count on Social Security money after I retire or it will be gone?
Real question, since I'm new to the US and am planning my retirement money.
Thanks!

Anyone selling off and waiting for the infamous ‘8k dip’? Curious if anyone will pull the trigger and sell complete stake..

I’m holding

I’m in tax, and hoping to move to Israel in the near future. From what I understand, accountants don’t make nearly enough money to cut it. What are best options for making decent $ with big4 tax exper

Anyone here willing to connect/talk about buying a house in Toronto. Would really appreciate it. I am just overwhelmed thinking about it and not taking any action.

I love all these news outlets pumping out articles talking about the recent 'crash' in cryptocurrencies. A few months ago the news was 'will Bitcoin break 3k?'. Now it is 'crashing' to $3500 lmao. Hodl long term people

Which new outlets do you follow for close to accurate Crypto news? Twitter/Reditt/any other? Could the FB fam point them out for the benefit of all?Tryn to get to the actual news in the midst of noise

Has anyone here successfully gotten out of tax and if so where did you end up? What did you do to get there?

Rip anyone with a variable rate mortgage

-32% on MSFT calls. Ride through ER it cut losses? 6/19 200c.

Saving for a house down payment in the next 20-24 months. Where should I put my savings. Just in a savings account right now. Was thinking about ibonds, but is my timeframe too short?

80 C includes PF and VPF
In ADP portal, however, I don't see any option that says how much of 1.5Lacs is filled up by pf/vpf. I get options to include elss, ppf, HRA etc etc.
How can I make sure my 80C includes pf/vpf?
(I invest 30K monthly via pf,epf,vpf (10k each))

Is there a legal way for an international student in the US to earn money on the side?

How is job security in EY GDS or any one of Big4? Looking for different opinions after hearing lot of news on on-going or near-future recession. Share your thoughts.

My experience is 5.11 yrs.

I am a Salesforce Developer, currently withdrawing 18lpa fixed.

Can I expect a raise of 50% if I switch now ? If yes which companies should I be looking for ?

I'm interested in Associate Account Director /Account Director opportunities in NYC at a company with a good culture that also does good work. Thoughts/recos?

Do you feel like there is more opportunity for growth in the Seattle Metro Area vs the Bay Area?

Does studying for top consulting firms’ case interviews help in any way for interviews with other firms (e.g., FAANG case interviews) ?

Have to do a case where they haven’t given me an entry / exit multiple. It’s software focused. What’s the best way to go about this and what metric should I do (e.g. Fwd revenue vs EBITDA)

Don’t have access to pitch book or anything from work just desktop.

Any guidance would be super helpful as I only have 12 hours to complete

What is everyone’s degree, YOE, field working in, salary, location, and any advice if applicable!

I'm looking for my next mechanical engineering internship. From those of you who have already been there, what should I look for in a company to make sure I have a fulfilling position that will help my career progress?

I am graduating with a degree in PR and a lot of internship experience. Do you think taking a post-grad internship with a major agency is a good entry point? Or should I hold out for full-time?

Help- my FBIL is refusing to rent a tux for our wedding because he already owns one. It is a different tuxedo. We would like everyone in the same tux, which I don’t think is crazy to ask for? It’s not a financial issue and it’s not some sort of weird style. 11 other men will be in the rental, it will be obviously different. We’re paying a lot for formal pictures and while this isn’t a tragedy by any means, it is upsetting to my fiancé and I, especially as we ALWAYS go with everyone else’s flow.

Do partners at top consulting firms have better WLB?
An Associate here contemplating whether all this is worth it.
Thanks!

Hey guys! I’m expecting an offer from Amazon for a Key Account Manager in EMEA. Any idea what TC to expect?

I have 7+ YOE in international business development.

Thanks!! And happy weekend!

I work as a staffing supervisor and in the beginning it was really rough and I’ve decided two months in that I was going to quit. I advise my current job that I was and they decided that they wanted me stay and they agreed to move me to a different department that was less stressful and more up my alley. But they haven’t done anything yet and Although I’m not in a rush I’ve had more time to think and I still want leave the Company. i’m not sure I will to find hospital job in New York ..

Thoughts on Wavestone? A recruiter just reached out to me.

Has anyone heard about whether they are officially on the list for partner candidates within their SL? If so, can you note which SL you’re in?

looking into rolling old 401k into a Roth IRA. I just graduated from MBA and therefore have only worked a few months in 2022. Am I correct in thinking that the taxes I pay will be lower than if I did this in any other year where I worked the full year? Any other drawbacks or things to think about?

M24 TC 80k
No debt
Net worth 130k
~55k mixed between Roth 401k and Roth IRA
~47k personal trading account
~25k in crypto
~1k emergency fund
~3k cash

How am I doing and what can I be doing better? Any recommendations are very much appreciated.

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 can I invest in using my ROTH IRA?

Just got promoted and now I’m no longer eligible for Roth IRA - what do I do now? Pause contributions to my Roth IRA? What is this back door thing people are talking about - have also heard it may be illegal soon?

Why do 403b have such I fees? I almost want to stop contributing all together or just minimum 6% to meet the match. Possibly just rely on the pension but what if it’s underfunded when I retire?

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.

Is there an easy/efficient way to figure out how much you've contributed to vs earned in your Roth accounts? I started contributing >20 years ago to my employer's Roth 401k and have rolled it over to a Roth IRA and moved it between multiple custodians, e.g. Fidelity, Vanguard, UBS, Personal Capital, etc. It is unclear to me how much I contributed vs how much I earned by investing it.

The purpose of doing this is I want to use $10K of it, but want to prove that the $10K is from my contribution.

Say I want to do a major renovation on my house. Are there banks that would offer a loan (HEL or mortgage, don't care which) over 95% of the current appraised value of the house?

If we did it, we'd be adding a bedroom, bathroom, and garage, and we would be increasing square footage by about 75%. House currently worth around $400k with $260k left on the mortgage; future comps are worth about $650k. Best guess is it is a $200k renovation.

Good resources to learn about which investment account types I should be using?

Anyone have a recommended tax person in Chicago?

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*

Does anyone have an Individual/Solo 401(k) for their personal business?
Are you doing the mega back door strategy?
If yes, what’s your plan provider?

I’m looking to set this up for my wife’s business but haven’t found a good one that offers the option for voluntarily after tax contributions with in-plan Roth conversion.

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??

Does anyone have experience with a prenup/postnup? I have been wanting to get a postnuptial because I did not think about these things when I got married. We make the same salary, have separate accounts, but I have been building my wealth and working hard at saving my money while he has a mountain of debt and doesn’t save. It scares me to think if anything happens, he could just take half of my assets.