I am 19 and very new to financial planning, what percent of my pay checks should I put into investments, high yield saving account, and how much should I keep in my daily use account. To be clear I currently live at home with my parents and have little to no expenses, Any advice Is appreciated, thank you submitted by /u/jackiemoon6969420 [visit reddit] [comments ..read more

I’m currently paying $500 a month for a loan from college that I graduated from ten years ago. It’s hampering my ability to save money. It’s my biggest expense besides mortgage. How do I get rid of it. Is not paying an option? submitted by /u/Pitiful_Disk_19 [visit reddit] [comments ..read more

The background: I’m about to graduate highschool and go to college in the fall. I have $13k saved in the bank and during the summer I plan to make an additional 2-3k working. The amount of scholarships/financial aid I’ve received exceeds the cost of tuition so I will be getting directly paid 9-15k each year for going to school. I’m currently investing a small amount into the S&P 500 through robinhood with some extra money, but I’m wondering what I should do with the rest of it, as it feels like it’s losing value sitting in my savings account. What should I do with my money? submitted by ..read more

I have a particular question on the differences, i know the gist of things of one being taxed now vs one being taxed later. I am 25 and currently have a roth setup through my employer where i contribute 6% and they do a match of 50%. My roomate who also works for same employer told me to go roth and i agreed with the initial reasonings so i did. But im in a fairly heavily taxed area where i pay about 20% in taxes. Im curious with me contributing 20% less than traditional 401k does that makes my companies matchings and investment return $ amount considerably less and therefore not worth it? s ..read more

I'm on the portfolio summary page I have on my left side of my screen here: All accounts 21,627.99 Investment Individual 9,013.27 Stock Plan 12,614.72 RSU $12,175.60 Perforamance units 439.12 I'm unsure exactly what all these mean. I just want to make sure a few things. I know how close I am to retirement I know what to do with this if I get let go I know if there's cash I can pull out if I get let go ? Definitely don't want to pull anything out, but just want to make sure I know what I can pull out. submitted by /u/a-friendgineer [visit reddit] [comments ..read more

This is about a family member so I can’t give an exact answer about everything but basically somebody who has been in a lot of debt their whole life put $300k of my student loan debt in their name. They have a mortgage on a house that’s probably worth $600k and currently make around $120k/year. I’m assuming they probably still have at least $50,000-150,000 left to pay on the house. Most likely have high car payments as well. They are less than 10 years out from wanting to retire. How tf are they supposed to pay this off? I’m in about $25k worth of student loan debt as well and that feels comf ..read more

Is it worth investing in 401k with 6% match, if looking to live in USA for about 10? Salary is 90kusd Oklahoma. Baby is on the way and thinking about building rental house (high tourism area in Costa Rica) in my home country to payoff while living here. I can go there and use this house during holidays if needed. Lot is already there only need construction. Is it worth going for the 401k or use that money to invest in other options until we decide to move back home when kid is in high school. Just not sure if 401k is worth it - I know things could change any time submitted by /u/Only-Letterh ..read more

Currently working the 8-5 grind, making $100k+ per year. Saved up enough and received an inheritance to put retirement with about $2.3M in about 15 years at around age 55. I was contemplating about retirement, and interviewing friends in their 60's, 70's, and 80's about retirement and their perspectives. The common theme for the ones in their 60's was "I finally get to retire... I don't really know what I'm going to do now. I'd only planned on retiring to have time to myself, but I didn't plan on what I'd do with that time..." Those in their 70's and 80's common theme was: "If I were to do it ..read more

I have been looking for an easy guide for how prioritize saving and investing for someone making between 50k & 1M. Unfortunately I have never been able to find something something simple. The idea for my list is that you should complete each step until you run out of spare savings. Higher earners will move down to the later steps. I would be interested in hearing everyone’s opinions. I understand that the biggest issue is that it only focuses on saving, and doesn’t compete with bills and cost of living. 1) Pay off high yield (>~6%) debt (i.e. credit card) 2) Contribute to 401k matching ..read more

Hi folks, first time poster so go easy on me. I work a 9 month teaching position and until now have gotten my salary split over 12 months. Should I go ahead and get my salary over 9 months instead and sock the "extra" each month into a hysa? I'm good at budgeting so spending it before the summer months isn't likely to happen. Has this setup worked to anyone's favor? Thanks! submitted by /u/buggyleah [visit reddit] [comments ..read more