Personal Finance (Not Investing) • Question re: buying out sibling's share of...
My sister and I will inherit a property from our mother worth (according to a recent appraisal) $515k, which currently still has a mortgage of about $90k. I want the property, she does not, and she...
View ArticlePersonal Finance (Not Investing) • Spousal Backdoor Roth IRA
Scenario: Person 1 is a high income earner. Person 2, their spouse, only has investment income. If person 2, the non-working spouse, is doing a Backdoor Roth IRA based on the earned income of the...
View ArticlePersonal Consumer Issues • Concierge medical fee, Flexible Spending Account...
My sports cardiologist has switched to a concierge model for $2,000/year. Can I pay that fee as a qualified medical expense from my Flexible Spending Account? I would make sure the period covered by...
View ArticlePersonal Investments • Setting up accounts for children
I am setting up roth ira for three of my children to save money they earn. My plan is to invest solely in VTI. Theh are all under 16 and are starting with $1,000. Is there a different way I should be...
View ArticlePersonal Investments • Pay debt or invest
Hey all,Young investor here, aspiring for fire.25 yr/old, income 100k. Maxing out Roth IRA, 401k, HSA, and adding some extra to a brokerage ($400/month)I’ve finally saved including profits now 15k in...
View ArticlePersonal Finance (Not Investing) • Solo Roth 401k and Roth contributions
Hi there,This seems to be too complex a topic to use Google searches to find an answer to (and it's possible I'll end up needing a tax professional, but here goes).I'm doing taxes for my 23-year-old...
View ArticlePersonal Consumer Issues • Buy a used car now or wait?
Hello All,We currently own two six year old vehicles (2018 Nissan Leaf and 2018 Tesla Model 3). They are too small for our leisure travel needs, but perfect commuter vehicles as we can charge at the...
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Personal Investments • New employer offers a 401k, but ZERO match. Should I...
I'm 44 years old. Income is 50-60k a year gross. I currently max out my Roth IRA and HSA. I use a taxable brokerage account for a sinking fund for a car and possibly a house or other long term goal in...
View ArticlePersonal Finance (Not Investing) • Long term care with life insurance benefit
My work is offering a 600k LTC policy for 270 a month with life insurance of 100k each at death if you do not use the LTC. Is this a good deal? A max of 75 weeks at 4k a month for each of us. My wife...
View ArticlePersonal Finance (Not Investing) • Finance Contingency - points not specified...
Curious if others have run into this. What happens in a purchase agreement for a house with finance contingency and a specified maximum interest rate, but no mention of points?And to clarify: it is...
View ArticlePersonal Investments • Best way to keep emergency fund at Fidelity
Our $50k EF is at Fidelity in the cash management account. It is in my wife's name as her financial literacy is lower than mine and in an emergency, I want her to have access to it easily. Since...
View ArticleInvesting - Theory, News & General • Investing and Income Taxes
Whenever I talk to my broker at T. Rowe Price or Fidelity, they tell me it is against the law for them to talk to me about my personal income tax situation. But, neither of them is telling me what law...
View ArticlePersonal Finance (Not Investing) • Anymore tax deductable accounts to use?
Hello, It's that time! I am trying to figure out if there is any tax advantageous account I can still open or contribute to that can be deductable for 2023. With below info, T-IRA is not deductable,...
View ArticlePersonal Finance (Not Investing) • Question Regarding Reporting Savings Bonds...
My spouse was gifted Series EE Savings Bonds within a few years of being born. These Savings Bonds have since been redeemed; she no longer owns any Savings Bonds. The interest was reported each year,...
View ArticlePersonal Investments • Advisor bought something I don't understand
Thank you in advance for your time. Two years ago I was dealing with some anxiety in my life. My wife and I made the decision to enlist an advisor to manage a portion of our holdings. That turned out...
View ArticlePersonal Investments • Unable to transfer money - new account
My teenager opened a new Roth IRA account April 1 and is trying to transfer money into it for 2023 before April 15. She was able to add a bank account which was approved (got the $.53 deposit from...
View ArticlePersonal Investments • Best Money Market Fund: Chase or FIDO
My son banks at Chase and has his retirement accounts at FIDO. He has saved a large sum ~ 25K and wants to put that into a money market. What are the best options at Chase and FIDO for this?...
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Personal Finance (Not Investing) • PA tax treatment for HSA contribution
My question is hopefully straightforward: Does PA allow tax deductions for HSA contributions? I am eligible for HSA contribution from a Federal tax perspective (HDHP enrollment etc). For several years...
View ArticlePersonal Investments • What To Do - Irrevocable Trust w/ Large Unrealized Gains
I recently became the trustee of an irrevocable trust with about $500,000 in LT cap gains across hundreds of positions of various sizes. Highly complex and not very Bogle-friendly. Some are relatively...
View ArticlePersonal Investments • VWELX - Is it the proper investment?
First post here. The foundation of my retirement savings is built on starting with Wellington 35 years ago where I am up to 250K. When I started it, Wellington was a “no brainer”. Now, I am concerned...
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