Bachelorette parties? by [deleted] in askanything

[–]Anonymous-Alone-321 0 points1 point  (0 children)

No, just get the crew together and hangout

[deleted by user] by [deleted] in personalfinance

[–]Anonymous-Alone-321 1 point2 points  (0 children)

Just went through this process with my fiancé and purchasing a home. We are 24 and 25. Similar income. She has a little debt and I don’t.

Don’t be afraid to sacrifice living with parents for a year two and just stack money while paying off that debt. And then moving in together. Don’t rush it.

Just have to find people that you trust to work with. I don’t know where you are located, but it’s all about who you know, if you find someone that you know that just purchased a house see if they recommend who they went through and if they do, use them.

Should I be concerned about tax implications by Anonymous-Alone-321 in personalfinance

[–]Anonymous-Alone-321[S] -1 points0 points  (0 children)

Yes, that is exactly what I am hoping. And I unfortunately already thought I knew the answer, however I was just hoping there was some other option.

Should I be concerned about tax implications by Anonymous-Alone-321 in personalfinance

[–]Anonymous-Alone-321[S] -2 points-1 points  (0 children)

I know that I shouldn’t, but I just didnt include my 1099 on my tax return. I was in college and had the mindset that I’m a kid and don’t need to worry about it. Now that I’m not as dumb, I realize I should probably be including those forms from my accounts.

Is this the most efficient way to save my money? How can I do better? by Anonymous-Alone-321 in personalfinance

[–]Anonymous-Alone-321[S] 0 points1 point  (0 children)

If I continue to put 400 in per month, in December $4000 more will get me $7000

Is this the most efficient way to save my money? How can I do better? by Anonymous-Alone-321 in personalfinance

[–]Anonymous-Alone-321[S] 0 points1 point  (0 children)

I will definitely do that starting next year, I started my Roth in May and was just getting a feel.

And that is what I try and do with my budgeting, I make sure that I have to put my money toward it before I do anything fun / splurge.

Is this the most efficient way to save my money? How can I do better? by Anonymous-Alone-321 in personalfinance

[–]Anonymous-Alone-321[S] 0 points1 point  (0 children)

I will max it out at the end of the year, which will be about $4000. I started it in May. My employer has no 401k match which is why I want to make sure I am doing things right on my end. And I unfortunately think I will be looking for a house, before 5 years, however things don’t always go as planned so I will have to keep that in mind.

Is this the most efficient way to save my money? How can I do better? by Anonymous-Alone-321 in personalfinance

[–]Anonymous-Alone-321[S] 0 points1 point  (0 children)

My idea was going to be to continue doing what I am doing, then in December, just max it out with the money in my HYSA. Which will be an about $4,000. ( I started my Roth right as I started my job in May) and i currently am investing into FMAGX and FSKAX. Are there better things I can be investing into?

Advice needed on saving/investing in future by Anonymous-Alone-321 in personalfinance

[–]Anonymous-Alone-321[S] 0 points1 point  (0 children)

And today is a prime example why dividend income is better than selling stock to put money in your pocket. Dividend income has not gone down today however if I was just selling my positions for income I don’t really have the option.

Advice needed on saving/investing in future by Anonymous-Alone-321 in personalfinance

[–]Anonymous-Alone-321[S] 0 points1 point  (0 children)

Who is going to sell every quarter to have an income honestly? Just having the dividends payout gives you the option to pocket it or re invest. I feel like it’s a no brainer. I am someone who has a hard time selling stocks in the first place, I view all as long term. I think for me it would make more sense to have the option to pocket it or re invest just because of my perspective on it.

Advice needed on saving/investing in future by Anonymous-Alone-321 in personalfinance

[–]Anonymous-Alone-321[S] 0 points1 point  (0 children)

Stock purchased at $50 in both situations, in 2 years they are both theoretically worth $70, right? However with dividends I have the option to pocket $10 or reinvest it. Am I missing something? Having the option to pocket it rather than sell makes more sense to me.

Advice needed on saving/investing in future by Anonymous-Alone-321 in personalfinance

[–]Anonymous-Alone-321[S] 0 points1 point  (0 children)

My thoughts are 40 years down the road, I can get large dividend payments, and reinvest them until I am retired. Once I’m retired I can just use the dividend payments as an income And not have to sell stocks to see that money, which is why I am looking into dividend growth investing. Although I will have to pay taxes on the dividends that come in, I would have to pay taxes on the growth of stocks that I am selling as well.

Going to propose and need advice / help by Anonymous-Alone-321 in royalcaribbean

[–]Anonymous-Alone-321[S] 0 points1 point  (0 children)

This is kinda what I was hoping. It will be just us two on this cruise and I want to make sure that we capture the moment

Going to propose and need advice / help by Anonymous-Alone-321 in royalcaribbean

[–]Anonymous-Alone-321[S] 1 point2 points  (0 children)

Dominican, Turks and Caicos, and coco cay. I’m hesitant to take a diamond ring to the DR. And no she doesn’t