Doing taxes now, and looks like I'm gonna have to pay a handsome chunk again. I thought I did enough to lower it this year, but apparently not. Here's some of what I'm doing: Maxing out 401K Maxing out HSA Other info: I have a house/mortgage, not married, no kids. I do have dividend stocks Am I doing enough, what else can I do? What are your Tax sheltering strategies ..read more

This is my current plan and I would like some thoughts. I live in a cheap city. I plan on investing 25% of my earnings into 401k, roth ira, and ect. I plan on purchasing a home I can pay off in 10-15 years. Once the house is paid off I will purchase a vacation condo or home that has good rental income. I will vacation at the condo/ vacation home and invest the extra income into stocks. Is there anything I am missing on here in my quest to become a $5,000,000 man and get there without... Read more ..read more

I'm with ML. Overall happy with their services however, never considered their fees or negotiating a better fee rate. Curious as to what others do? Some docs seem to think that having a financial advisor is unnecessary/scam ..read more

So, I recently spoke to a financial advisor who advised that I should have switched to the PAYE during my fellowship year due to the cap. 1) Have most of you guys switched to PAYE? 2) Anyone on SAVE still? How do you feel about it I personally don't see the difference. My expected payments per the various loan calculators under SAVE are like 3k. Loans:200k Salary:390k ..read more

I am curious of the motivation to do stock trading/investing of the members here, since most here are presumably all high income earners and have a higher than average IQ. Is it because: - you're trying to ensure security in the event of problems - you're trying to retire early and get out of the rat race that comes with your job - you're addicted - you're bored - you have the extra expendable income and its fun/hobby - you're trying to be as rich as possible to afford certain items or a... Read more ..read more

Not sure whether this type of finance related post is against the rules. What do you all do for financial asset protection ? Do you set up some trust or other legal structures etc that is bulletproof from lawsuits ? - What kind of trust (or legal structure) is it ; and how did you set it up ? Do you have umbrella insurance as part of asset protection ? If yes - What is the coverage limit ? I mean is it 0.5x or 1x or 2x of your total assets ? - Who is the provider company that... Read more ..read more

Hi y'all. I will be starting med school next year and plan on getting married for after MS1. My gf is projected to make 100k/year and I was wondering how this would implicate my financial aid. I would not be living with her(doing LDR) or am expecting her to pay for any of my school/expenses. Thank you all for the insight ..read more

Can anyone share their experience with Wealthfront investing? It’s a robo investor, they take 0.25% yearly, mostly investing in low expense ratio index funds ..read more

I am currently enrolled in the SAVE plan for my student loans and have monthly payments are $0 until September 2024. My understanding is that interest should not accrue if I make my monthly payments, which happens to be $0. However, since October 2023, I noticed my loan balance slowly growing because of accruing interest. I made a payment of $1000 one month to see if that will stop the interest, but it didn't. I tried calling my loan servicer, but the wait time was over an hour. I sent them... Read more ..read more

Hello, As a pharmacist, I am excited to offer my FREE personal finance ebook. I've written a 258-page ebook called "The Money Manifesto: Building Wealth and Keeping It" that provides personal finance, college planning, travel, and other money-saving tips. I'm making the full ebook available as a FREE download to anyone interested. ?Get the Free Ebook Here: www.sidewayup.com I hope you find value in the personal finance book. Please share with others who might benefit from the... Read more ..read more