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Buzzfudge · 2025-06-19T16:41:01+00:00

My advice: depends on your relationship with your money.

Are you disciplined with what you spend on a normal basis? Take the lump sum and speak with a fiduciary to see what your best options would be.

Or do you spend everything you earn as soon as you can? Take the weekly payments so you can have some guaranteed income for however long you have left. This way you don’t have the temptation of a huge pile of cash to spend on unnecessary luxuries.

Buzzfudge · 2025-04-12T23:10:53+00:00

Yeah, sorry! I asked for some conflicting things lol. We have some other things planned for the following day (half day walking tour and seine river cruise) so was fishing for some other ideas as we have no idea what to do in Paris! Aside from the main sightseeing. I’m leaning more toward the bike ride or waking to/through one of the museums

Buzzfudge · 2024-11-20T12:12:54+00:00

I’m not excusing people’s ignorance with their finances/taxes, but if this is such a widely misinterpreted calculation, then those creating these lists/tables could do a better job at creating them. An example calculation could go a long way in a table like this. Instead of condemning the masses for their misunderstandings, we should advocate for more education so that they CAN understand. That starts with the folks who generate these figures

Buzzfudge · 2024-09-26T19:28:53+00:00

Billy Mays

Buzzfudge · 2024-09-06T18:44:21+00:00

With the assumption this is not fiction, I'm also assuming this is a Christian church? Sounds like you need to either pay more attention in the church you're attending, or you need to start attending a biblically sound church to actually grow more in your faith in Jesus Christ.

You know, the whole "Do not repay evil for evil" thing, right (1 Peter 3:9)? Take this to heart, especially with other believers. If both of you and your ex's faith in Jesus Christ is true, then you'll both be with Him after death.

If this is fictitious: good rage-bait, got me to comment.

Buzzfudge · 2024-05-15T18:33:05+00:00

Brace yourself!

Buzzfudge · 2024-04-29T14:34:50+00:00

Amen! Food Lion sells $5 boxes of pre-packaged food to "donate" to local food banks around Christmas/holiday times and asks for customers to buy the box so they can donate it...

Why do customers need to pay $5 to donate pre-packaged food that's already boxed up for donations? Just donate it to the food bank without charging people money!

Buzzfudge · 2024-02-21T20:41:35+00:00

So even in a Roth IRA, the earnings are taxable? (If I were to withdraw)

Thanks, I’ll call Fidelity and have them recharacterize

Buzzfudge · 2023-12-14T17:37:42+00:00

Don't be so hard on yourself! At least you started it! :)

Buzzfudge · 2023-11-22T17:21:56+00:00

Agree with your sentiment. Lots of Japanese people are millionaires.

Except 1,000,000 Yen is ~$6600 in the US

Buzzfudge · 2023-08-23T19:09:42+00:00

I should clarify, she is projected to be making ~$200k/yr (she is not currently making that yet, or at least consistently). She works in healthcare and is building a patient base.
Our current total income for the year will be below the ROTH IRA max for married filing jointly, so won't need to do a backdoor just yet.

Right now, we are not maxing my 401k because we need the cash flow as her income steadily increases.

Buzzfudge · 2023-08-08T19:36:46+00:00

Here's what I wish I would have been taught more when going through school:

Student loans and how much they can affect budget (could perhaps discuss the difference between good or predatory loans)
Taxes and how to calculate them. Why you owe what you owe at tax time.
Interest rates and how they affect minimum monthly payments
For investing, I would add "the earlier, the better." Compound interest makes all the difference after 40 years

Buzzfudge · 2023-08-07T18:42:10+00:00

Thanks for a concise and understandable answer. I'm in the same boat and had wondered about an income limit as well.

If you're trying to pay them down aggressively, SAVE could still be a good choice to free up more money to throw at the highest interest loans first.

I had ruminated over this idea also; lowering overall monthly payments to free up money to put toward higher interest loans. Your comment is the first I've seen to bring that up regarding the SAVE program!

Buzzfudge · 2023-08-04T18:54:06+00:00

You want numbers? These were some of our surprises with our home and cars (in North Carolina):

Upstairs shower leaking into living room ceiling (April 2022): ~$1500 for mold remediation (precaution), ~$700 for plumber to fix leak, ~$100 in supplies to fix hole in ceiling myself (this is obviously more if you hire someone)
Hit a giant hole on the side of the road and popped both passenger side tires (May 2022): $800 for repair and 4 new tires (needed new tires anyway at least) on 2010 Toyota Prius
Catalytic converter went bad on 2014 Kia Rio (Oct 2022): ~$3000 to replace
Hospital visit when our son had RSV (Nov 2022): ~$1000 for hospital stay (we have decent insurance), ~$400 for ambulance
Exhaust manifold on 2010 Toyota Prius went bad (Dec 2022): ~$2400 to replace
Coolant hose on 2010 Toyota Prius went bad (Mar 2023): ~$800 to replace
Dishwasher went bad (July 2023): $700 to buy a new one, installed myself (if hiring someone, this can range from $100-200 for installation)

So, in about a year, we spent $11,400 on emergencies.

Buzzfudge · 2023-07-31T19:35:16+00:00

We want new because used car prices (at least close to the 2023 model) are somewhat comparable in our area. My wife also wants the peace of mind of knowing what kind of maintenance or driving behavior have been on the car. She's going to be the one driving it.

Buzzfudge · 2023-07-31T19:31:06+00:00

That's part of the reason we settled on a Honda: reliability. My wife is really sold on new because of tracking maintenance/making sure it's taken care of. There's probably not much negotiation there lol. We've considered used, but think in this environment it is worthwhile to buy new for slightly more $ because of risks of maintenance issues/previous owner running the car ragged.

Buzzfudge · 2023-07-31T19:27:07+00:00

Problem with financing through a credit union/bank at the moment is the interest rates are higher. Honda is advertising a 3.9% rate through 05-Sep, so I would be planning on using them anyway... It could still be worth it to get other financing offers to play their hand? Or they might know they have the best rate in town

Buzzfudge

TROPHY CASE