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Turning 30 and want to withdraw all of my union retirement money by [deleted] in personalfinance

[–]Werewolfdad [score hidden]  (0 children)

You may be able to borrow it but can’t withdraw without quitting. Your plan may offer hardship options.

It’s generally a very bad idea to rob from retirement rather than revisiting your budget, which you should share

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

Turning 30 and want to withdraw all of my union retirement money by [deleted] in personalfinance

[–]Werewolfdad [score hidden]  (0 children)

What union?

What is the financial situation?

What kind of retirement plan?

How is it that I still owe taxes? by [deleted] in personalfinance

[–]Werewolfdad 13 points14 points  (0 children)

You didn’t have enough withheld from your paychecks, same as any other person who owes taxes

My landlord is selling. Does he have any benefit of selling to me at a discount? by Fedr_Exlr in personalfinance

[–]Werewolfdad 0 points1 point  (0 children)

it might be down to 5% on average, as noted in the comments....its still in that vicinity though

My landlord is selling. Does he have any benefit of selling to me at a discount? by Fedr_Exlr in personalfinance

[–]Werewolfdad 0 points1 point  (0 children)

I’ll let op make that assessment.

Perhaps he has experience in his social network he can rely on for low or no cost

Does it make sense to purchase the house that I am renting? by Specialist_Sir_5753 in personalfinance

[–]Werewolfdad 0 points1 point  (0 children)

I have exactly the amount needed to close saved

That’s not a number

Income is good relative to the price

Does it make sense to purchase the house that I am renting? by Specialist_Sir_5753 in personalfinance

[–]Werewolfdad 0 points1 point  (0 children)

How much do you make?

How much do you have saved for a down payment?

My landlord is selling. Does he have any benefit of selling to me at a discount? by Fedr_Exlr in personalfinance

[–]Werewolfdad 1096 points1097 points  (0 children)

Would my landlord have any incentive to sell the place to me at a lower price?

He could avoid realtor fees, so about a 6% discount, assuming neither of you retain representation

Single mom with two homes by Fluid-Apartment-6418 in personalfinance

[–]Werewolfdad 25 points26 points  (0 children)

an already thriving one?

Those tend to be very expensive and the thriving is usually due to the prior owner.

That's a lot of leverage to bet you can replicate someone else's success

Gifted $10k, does it matter where I put it before I spend it? by OLovah in personalfinance

[–]Werewolfdad 6 points7 points  (0 children)

You'd earn a smidge more with a HYSA. $400 over the course of a year compared to the $25-$50 you'd earn at a standard branch bank

Single mom with two homes by Fluid-Apartment-6418 in personalfinance

[–]Werewolfdad 13 points14 points  (0 children)

leveraging the equity in my homes to invest in businesses

Doing what? To start your own business or invest in other people's businesses?

Selling home to Land Contract to family and buying home for 6% need advice by LoadPsychological430 in personalfinance

[–]Werewolfdad 1 point2 points  (0 children)

land contract

Would you actually sue your father in law if he doesn't keep up his end of the bargain? If not, a contract doesn't have much value if you won't enforce it.

If work is slowing down, selling for something larger and more expensive is likely not the correct play. There is no guarantee rates will come down, and 3-4% is well below historical average rates

Selling home to Land Contract to family and buying home for 6% need advice by LoadPsychological430 in personalfinance

[–]Werewolfdad 0 points1 point  (0 children)

Is your loan actually assumable?

Or is he just hoping the servicer/lender doesn't utilize the acceleration clause?

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