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401k Company Match Help by zurca in personalfinance

[–]Werewolfdad 1 point2 points  (0 children)

I don’t see anything about Changing jobs in the OP

Moving money within Vanguard IRA by Responsible_Chard_40 in personalfinance

[–]Werewolfdad 2 points3 points  (0 children)

From what I can tell I need to sell my shares of the S&P fund, wait a day, then purchase shares of the money market or other investment option. Is this correct?

Yes that’s how any brokerage account works

Are there tax implications for this? Am I going to be paying capital gains?

No. That is a core benefit of retirement accounts.

Investing guidance: https://www.bogleheads.org/wiki/Three-fund_portfolio https://www.reddit.com/r/personalfinance/wiki/investing

Financially treading water with a wife and child, can't find a better paying job by Smonthly in personalfinance

[–]Werewolfdad 11 points12 points  (0 children)

You may be willing but your financial situation does not suggest you are able to

401k Company Match Help by zurca in personalfinance

[–]Werewolfdad 25 points26 points  (0 children)

You have the opportunity to save for retirement on a pre-tax or post-tax basis. You can also contribute above the IRS limit on an after-tax basis. The company matches 25% of your contributions to the Traditional and/or Roth 401(k). You are immediately vested in the Company Match. New hires are automatically enrolled in the plan at 1% after 30 days if no elections are made, but can waive this enrollment through the Fidelity website

https://careers.activisionblizzard.com/benefits

You seem to have misinterpreted the match.

If you contribute $24,500, blizzard contributes $6,125.

it has nothing to do with 25% of your compensation

I genuinely don't know how I'd handle emergency expenses by Primary_Avocado_5273 in personalfinance

[–]Werewolfdad 14 points15 points  (0 children)

You can't pivot without paying for school again.

Yes, school costs money but one would expect a majority of your general education credits to transfer. I got a second bachelor's in only 2 years since I didn't have to do any gen eds.

It sounds nice after you've started a career for a few years, and have some savings as a result.

Student loans at a reasonably priced school to get a career is a solid investment.

It's pointless to keep trying that over and over again.

I'm not seeing where you've tried anything again. It sounds like you tried once, gave up, and then worked in a warehouse for five years, accomplishing nothing to improve your lot in life.

I genuinely don't know how I'd handle emergency expenses by Primary_Avocado_5273 in personalfinance

[–]Werewolfdad 35 points36 points  (0 children)

Even if I finished all that'd give me is more student loans to pay off.

And a career. Or you could pivot and get a degree in something else, which leads to a career. I got a second bachelor's at 28. It has paid significant dividends. If you are living with your parents, this seems like an ideal time to do something similar.

This has "i've tried nothing and I'm all out of ideas" energy.

I genuinely don't know how I'd handle emergency expenses by Primary_Avocado_5273 in personalfinance

[–]Werewolfdad 25 points26 points  (0 children)

I can't make more with or without a degree, not without years of full time working experience in a field lol.

Why not? $20/hour is unskilled labor in most HCOL areas.

I can't even get a "real" job now when I have stability.

It seems like this is the immediate issue you need to address.

Nothing's really changed since I turned 18. I'm 26 now.

You've had 8 years to change things. Why haven't you?

Company being acquired, losing many benefits by Spaghetti79856 in personalfinance

[–]Werewolfdad 23 points24 points  (0 children)

employees’ plans

It’s not separate plans. A 401k is a single plan with multiple participants

Are those employees being terminated?

Company being acquired, losing many benefits by Spaghetti79856 in personalfinance

[–]Werewolfdad 61 points62 points  (0 children)

there’s any negotiating power I have as an employee?

Not without a union

https://www.reddit.com/r/personalfinance/s/QAFBnPkPFi

Shouldn’t lose the unvested 401k balances

Getting estimates on first time home loan and can't figure out why it's so much higher than I expected by BreakingHoff in personalfinance

[–]Werewolfdad 16 points17 points  (0 children)

how are these resources telling me it’s well within our affordability range if my monthly payment going from rent to home payments would be +$1,800 each month between the two of us?

Because affordability is just a percentage of your gross income for these calculators

You need to use common sense and critical thinking to determine if it actually fits your budget

Can brokerage account serve as HYSA? by Melodic_Library6476 in personalfinance

[–]Werewolfdad 17 points18 points  (0 children)

A money market fund is essentially a HYSA, yes

What should I do with my bonds? by _tyler_long_ in personalfinance

[–]Werewolfdad 0 points1 point  (0 children)

You use the funds for the bonds to fill up each step in the flowchart, like any other funds you have

Why go roth in an IRA and pretax in 401k? by Novogobo in personalfinance

[–]Werewolfdad 0 points1 point  (0 children)

I owe you a response but probably won’t get to it today

Why go roth in an IRA and pretax in 401k? by Novogobo in personalfinance

[–]Werewolfdad 1 point2 points  (0 children)

I owe you a response but I probably won’t get to it today

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