I don't know if this is the right place, but did the covid relief withdraw from your 401k with no penalty expire?
Official Personal Finance/Home Economics Thread
- Thread starter phcitywarrior
- Start date
I need to buy a house within 2-3 yrs. Need to start stacking very very heavy now.
Yep, I think it expired in July
Yep, I think it expired in July
Yinny
I miss LLC Twitter
Got a quote for a fin ad awhile ago and tried a few platforms I need to stop stalling, need to organize my stuff/get more time in my schedule. I’m limited in some arenas atm (banned activities) and for the foreseeable future however so may not be worth it.
Concerning the recent news about a record number of people quitting their jobs, I’m all for people leveling up and finding new roles but don’t just quit and stay home, especially now when inflation is on a tear with no end in sight.
Ball’s in the employees court right now but best believe the pendulum will swing back. Hope folks are ready when it is. Right now is one of the best times to cut expenses, increase income and skill sets.
Window is gonna close up very soon.
Ball’s in the employees court right now but best believe the pendulum will swing back. Hope folks are ready when it is. Right now is one of the best times to cut expenses, increase income and skill sets.
Window is gonna close up very soon.
Back to debt free. I think I'm going to restructure a couple of things and then I should be set to invest about 50% of my take home in the new year.
The_Unchosen_One
Superstar
shyt in my case... owners are selling the properties I work for and offering me severance to stay til the sale... usually when a property sells the new owners just bring in their own people and let all the staff that was there before go... so about 99% sure we're all getting shyt canned... so gonna take a couple months off and avoid the winter and do some day trading for a lil bit and see how that goes... if it goes well... I may do that full time... if not then I'll be looking
A follow up to this. I want to ease some of my money management burden when it's hitting my account. Currently I direct deposit all into my savings, then transfer out what I need. I'm going to flip that: direct deposit my baseline 10% into savings, plus a few extra dollars because I pay rent out of it. As close to 50% into my investment account (if I can) so that I don't have to think about funding it manually, and the remainder into my checking. Any excess from my checking after expenses I can throw back into savings. Since I'm close to empty right now I can't make the switch, I need a buffer in my savings so that I'm not looking stupid come rent time.
Hey fellas quick question. I have a 100% vested pension from my old employer thats just collecting dust should I roll it over into a roth ira or just cashout? The extra cash would be nice but having another retirement fund is prob more beneficial?
Just roll it into another IRA. You didn’t plan on spending that pension money it was for retirement. I think it best to leave it for retirement.
5% salary increase and Bonus funded at 1.65x is quite nice. If I didn't have to travel for the holidays I'd legit just dump 50% into investments and the remaining 50% against debt I picked up earlier this year 
The worst past was I used the lockdown to tackle all my debt but got lax when things opened back up. Luckily I was investing and saving consistently. I'll use 2022 to tackle the rest of my debt then look to save up for a house. Prices been jumping through the roof and don't look like stopping anytime soon.
The worst past was I used the lockdown to tackle all my debt but got lax when things opened back up. Luckily I was investing and saving consistently. I'll use 2022 to tackle the rest of my debt then look to save up for a house. Prices been jumping through the roof and don't look like stopping anytime soon.
Auto loan account closed and I lost 44 points off my Equifax
. I didn't expect that big of a drop.
Auto loan account closed and I lost 44 points off my Equifax. I didn't expect that big of a drop.
One thing I really dislike about this whole credit game. You pay off a credit card/close an auto loan and boom, your score drops. Some BS man
It's a clever system that encourages people to stay in debt if they want to be able to leverage credit. But that's why it's important to understand your finances and how these things work so that shyt ain't a surprise.
Yea man, the thing with credit is you really shouldn’t use it too much until you need to.
If you have a paid off car, no students loans and a paid off house, no real reason for credit outside CCs, and even then….
You can reach and keep a 780-800 FICO score with no loans and no credit card debt. I did it for years. You will struggle to get past 800 but at that point you're getting the best rates anyway and anything more is just running up the score.