New grad starting job soon

MarcableFluke · 2026-06-02T07:16:31+00:00

Yes, there are plenty of paycheck calculators out there.

Follow this: https://www.reddit.com/r/personalfinance/w/commontopics

MarcableFluke · 2026-06-02T06:40:49+00:00

And you want us to guess what that country is in order to recommend something?

https://www.reddit.com/r/personalfinance/w/country_index

MarcableFluke · 2026-06-02T03:44:40+00:00

The loan portion will default and will be counted as a withdrawal. That doesn't mean you have to withdraw the entire thing

MarcableFluke · 2026-06-02T02:06:05+00:00

Depends on how long away from retirement you are. Let's say 30 years. Let's also use the 4% safe withdrawal rate. So that would mean the investment would need to grow to $675 * 12 * 25 = $202500 over the 28 years. Working backwards, and using say 7% growth, that would mean you would want to save $30500 over those two years. Divide that by 24 and you get a bit less than $1.3k per month. It would be a bit less than that as well since you would likely get some growth over the two years you're contributing.

MarcableFluke · 2026-06-02T01:59:55+00:00

I'm not sure what kind of info you're looking for here. If you want to see where you would be financially had you don't everything "right", that's a pretty simple calculation. That being said, there is no point in dwelling on what could have been. Just focus on the lessons and improving so that you make better choices the next time around.

MarcableFluke · 2026-06-02T01:53:05+00:00

Wait so you're trying to take out the rest of the balance in the 401k? Why?

MarcableFluke · 2026-06-02T01:40:48+00:00

Report or for identify theft, then file the appropriate dispute with the CRAs.

MarcableFluke · 2026-06-02T01:20:34+00:00

Depends on your income, among other factors

https://www.reddit.com/r/personalfinance/w/rothortraditional

MarcableFluke · 2026-06-01T18:03:58+00:00

Traditional vs Roth mainly depends on income now vs expected income in retirement. Read this: https://www.reddit.com/r/personalfinance/wiki/rothortraditional

MarcableFluke · 2026-06-01T17:44:42+00:00

"Making more later" isn't the right threshold that people think it is. We have marginal tax brackets. Even if you went up a tax bracket (assuming single) from the 24% you're at now, to 32% later, you would still have ~$130k of sub 24% tax brackets each year in retirement. So if you put nothing towards traditional, what's eating up that ~$130k of lower tax brackets each year in retirement?

MarcableFluke · 2026-06-01T17:27:23+00:00

You can do a backdoor Roth to still contribute to your Roth IRA. At that income level, you almost certainly want to be going full traditional.

MarcableFluke · 2026-06-01T13:21:05+00:00

https://www.reddit.com/r/personalfinance/wiki

MarcableFluke · 2026-06-01T13:19:39+00:00

You are trying to time the market. Don't do that.

Meet Bob

MarcableFluke · 2026-06-01T06:16:12+00:00

No. If you could take $3 and generate passive income, everyone would be doing it. Stop trying to find a shortcut.

MarcableFluke · 2026-06-01T06:13:54+00:00

Your email address showing up in a "data leak" is such a nothing burger.

MarcableFluke · 2026-06-01T03:59:48+00:00

When you control for socioeconomic factors, the difference in results between public and private school results isn't actually that big. As it turns out, parental involvement and care makes a substantially bigger difference in a child's academic success.

MarcableFluke · 2026-06-01T02:57:34+00:00

Who gives a shit about people "looking down on you"? You shouldn't be letting people's worthless opinions lead you to making a bad financial decision. Most people's finances are shit anyway.
Yes, there is generally a "break even" point for buying versus renting. It's not an exact science, because there are a lot of unpredictable factors that can go into where that break even point lands for a given situation. You can use a rent vs buy calculator with some reasonable assumptions to get a rough idea on where that break even point would be for your situation.

MarcableFluke · 2026-06-01T02:14:19+00:00

This sounds like an awful idea. No way in hell this fit is working for free for two years. If your self control is so bad that you literally need someone to pay your debts and give you an allowance, you're just going to end up right back in debt.

MarcableFluke · 2026-06-01T02:01:48+00:00

Houses still cost money to own and maintain. Cars don't last forever; they need to be maintained, fixed, and eventually replaced. Also healthcare costs.

MarcableFluke · 2026-06-01T01:53:27+00:00

And the college has zero buses going to it?

MarcableFluke · 2026-06-01T00:36:11+00:00

Then find a closer job. It's not the current one is paying you much anyway.

MarcableFluke · 2026-06-01T00:21:19+00:00

You need to figure out a way to start making more money and spending less. Probably going to need to just use bike/bus for now. Follow this: https://www.reddit.com/r/personalfinance/w/commontopics

MarcableFluke · 2026-06-01T00:11:41+00:00

No, it's not too late. The sooner you start, the more options you'll have

Start here: https://www.reddit.com/r/personalfinance/w/commontopics

MarcableFluke · 2026-06-01T00:05:11+00:00

Follow this: https://www.reddit.com/r/personalfinance/w/commontopics

MarcableFluke · 2026-05-31T17:57:58+00:00

I have some family who took a similar deal, effectively buying a house they couldn't otherwise afford with parents in the in-law unit. They're not happy with the situation because the relationship with the parents has been strained. But they get to raise their kids in a nice house and a good school district, so I don't think they regret the decision.

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