financial planning

Hello! Just started putting some money in a savings account, I always had saved money but never really did anything with it except keep it in my checking account. I’ve found SoFi’s 4.6% and I have about $1200 in there. I also have an H-E-B savings account which gives 6% but only up to $2000 so...

Looking for some input on our financial situation. Wife and I are in our early-to-mid 30’s, HHI is $310k before bonuses, we owe $57k left on our mortgage at 3.5% (our only debt), have $610k in our traditional 401k’s, and another $55k in our Roth IRA’s. We have $210k in a mixture of CD’s and...

My wife and I are 30 YO. We both recently got new jobs. We have not been making this kind of money in the past (we lived on my $63,000 income for a couple years). I make $116k and she makes $97k and live in a MCOL area. We owe $415k on our home (payment is $2792) worth about $460k. We have a...

I have no debt. I own a car. I have a maxed score credit card. Finished college 2 years ago as a dental technician but reconverted professionally to marketing. I have an above average paying job. Im an amazon ppc specialist and accounts manager for a corporation in USA. Pays me 8$/h which at...

Im a 32 yo actor, just landed my first consistent gig and all of a sudden I have 10k in my account for the first time in my life. Ive been living paycheck to paycheck for a decade and I have no clue what to do next. Should I invest it? Should I wait until after the election? Im realizing how...

Hi, I was lucky enough to get into an electric utility in 2012 just before they stopped DB pensions, so I have one. I don’t pay into it, no one does. I’ve been there 12 years and I’m 66, not at FRA (SS) yet. I lost it all in the 2010 recession and had to start over in my fifties. So the monthly...

I was interested in making a YouTube channel about Poverty Finance, so I did. First of all, if you find this to be too self promoting, please take the post down. That being said, I made a post on if you guys would like a YouTube channel that talks about Poverty Finance (Original Post). It got...

I (32m) received a lump sum of 100k settlement. My wife and I want to buy a bigger house than what we are already in for our growing family. I put 17k and cleared my CC debt immediately and added 8k to CDs along with my existing 2k for an emergency fund (all different life terms). Key...

I have a Roth IRA, it's current balance is $9,077.21. In the summary it states $3,201.30 is Unrealized G/L. I don't really understand what "Unrealized G/L" means, can someone explain, should I be doing something to fix it or is that normal? Current rate of return is 18.4% if that matters to...

Tbh I can’t stand living with my mom anymore and I want to move out when I’m 18. I have a job that pays $13.20/h and I work 1 hour a day after school ( I get out of school pretty late). Plus, I work 4 hours a day on non school days (excluding weekends). Can y’all help me start the process now?

Recently, we lost my father due to natural causes at the age of 72. He left my mother, age 71, in a very healthy financial position, with $8,000,000 spread between IRA's, an IRA annuity, and taxable accounts. Also, she owns a modest home on the East Coast and one in South Florida, both of which...

Hello! I hope I can post this question here, apologies if I have erred! Here is my situation. First let me say I have a lot of embarrassment about my credit card situation but I’m working on it and have been meticulously budgeting to get everything under control. I have issues with math but...

I’m 35 years old and I started my business of mobile DJ’ing four years ago as a way to make some side money. It’s taken off and I’m making more money then I know what to do with. I’ve never been much of a financial planner, I don’t have a 401k or any other investments for that matter...

We owe 6k to a 8.4% personal loan. Now we have 6k in a HYSA yielding 5%. My salary is ok and we should be able to accrue this amount of savings in 4-5 months. We reworked our budget and clearly have been living above our means. Should be better going forward. Anyway, the main question is do...

I have b and c shares in a company I previously worked for. Tonight I remembered about them and found out they are a substantial amount. Currently my husband and I are struggling very badly financially so if we could get the money for them, it would clear all of our debt plus make a rainy day...

Given that S&P 500 Index has been increasing at 6.3% on average every year, does it make sense to pay off debt with interest rate lower than that? If you currently have 50k in index funds and have 10k in debt with 4% interest rate, 50 * 1.06n - 10 * 1.04n will significantly be bigger than...

Merry Christmas, y’all. The short version is that life is starting to get really cramped for my wife and I and two little kids in our small one-bathroom house, and it’s only gonna get more so as the kids grow up. The ability to expand the house is very limited for property line and steep grade...

31 M making $140k/ year with approx 25-40k / year in bonuses. 5% of income goes to 401 k and employer matches 4% Wife 30 F works part time to stay with our kid (2y) and cover car insurance + day care + other minor expenses -Mortgage 221 k left @ 2.87% (1430/ month) -Student loans 125 k left @...

34 years old, female, solo mom to a 2.5 year old (her dad has her one day a week), divorced at 32 and starting from almost scratch when it comes to retirement planning as my ex did most of it and when we split, I got the house equity ($350k) and he kept his retirement savings ($175k). I’ve since...

Hello, I (29F) recently quit my job last month due to personal health reasons. My former job used to double match whatever I put in my 401(k). For example, if I put $100 in they would put $200. It was great. This is my 1st 401(k) account and it has been active for about four years now with...