Written by 41 M here with a similarly-aged partner and a kid in the US. Started saving in earnest around 8 years back primarily in HYSAs but was slow in contributing to 401k and brokerage accounts till about 5 years back. Annual household income of around 300k (before taxes). Current savings and investments: 350k combined in mine […]
I have 13K in cash and have no other assets besides clothes, shoes, and a cheap laptop. I make 7700 monthly before tax, monthly expenses are roughly 2000. I put around 700 in a pre-tax 401k (10% of my pay). This means that I keep about 5K a month What should I do with my […]
Like many others, I am doing my backdoor roth IRA contribution today. Also like many of us, I had a good year in the stock market, and cashed out a few of my stocks in my individual brokerage to fund my roth IRA contribution this year. In fidelity, I transferred the $7,000 from the individual […]
Wondering if anyone has experience with having a Chase Checking Account and a HYSA with Capital One. Contemplating keeping both with Capital One for the ease of use of having them in one place and things like early paydays. Perks of Chase would be having the physical branch and I’m not too worried about the […]
Hi PF! This year my spouse and I (MFJ) have a taxable income that will be right around the 380,000 mark where marginal income will be taxed at 32%. We have about 29,000 in itemizable deductions between SALT, Mortgage interest and charitable donations. Some of my stock has done very well also this year. We […]
Hello! I appreciate your assistance in advance. This is a good story – my mother was notified of an account with roughly $70,000 worth of Shares with a company she previously worked for – and this company has done really well since she left in the early 2000s. Anyways, we have full access to the […]
What happens if you transfer your stocks and shares from an ISA with one provider to that of another provider who does not offer some of the funds you are currently invested in within the original ISA? Are those investments non-transferable? Are they sold for cash and then transferred? Are they transferred but you can’t […]
Hello! I was looking into the California E-Bike incentive and I believe I might qualify. However, one question was brought up. Do you consider your pre-tax income or post-tax income to qualify for incentives such as the California E-Bike Incentive. As an example:Lets say I make $40 an hour, 8 hours a day, 40 hours […]
Hi everyone! My wife and I have recently bought our first house which depleted a lot of our savings, I have about 10k gbp left at the moment and I am looking to invest a portion. On average I have between 500-1000 gbp available monthly to add to the investment over time, does anyone have […]
I work for a company that doesn’t match 401k’s at all which has led me to not putting any money in this year. Can I contribute the max all at once? I’ve maxed out my Roth IRA and have money set aside that I’m looking to park somewhere and seems like putting it in a […]