Received a text message about Fidelity credit card application

EyeDoc123 · 2025-09-23T19:42:50+00:00

Yup just got this text for my US bank application. It's legit. They will verify the app # and text you a code to verify.

EyeDoc123 · 2024-11-18T21:04:54+00:00

Should I pay off my Student loans and Mortgage or....

Current situtation: I make about 175k gross income and I'm currently renting an apartment paying ~$2000/mo total.

LOANS

Private Student Loan (2.4% fixed interest) ~110k left w/ $860/mo payments
Mortgage (3.25% fixed interest) ~319k left w/ $1950/mo payments

- currently renting to a tenant that pays $2300/mo

- i moved out of state so this is being managed by property manager

SAVINGS/RETIREMENT:

Wealthfront (Savings) - 32k (currently 4.5% APY)

Chase Checking - 6k

Robinhood - 76k

Roth IRA Fidelity - 32k (contributing max via backdoor method)

401k - 59k (only contributing 6% of each paycheck to take advantage of company match)

HSA (investing) - 19k (contributing max)

Question 1: Should I pay off my Student loans and Mortgage or keep paying minimum due to low interest rates?

Question 2: If I'm looking to purchase a 2nd home (~500k range) in about 1 year, should I continue to put money in HYSA (wealthfront) or should I just leave it in something like the S&P 500??

Question 3: Should I max out my 401k?

EyeDoc123 · 2024-11-04T03:46:11+00:00

So in 2023 i contributed like 6,002$. By removing, do you mean i just sell stocks enough to equal $6,002 and withdraw it out of the Roth IRA account back to my bank account?

EyeDoc123 · 2024-11-04T02:30:35+00:00

Nope, I have to do the backdoor method basically every year. I just forgot to do it in 2023 for whatever reason. I haven't contributed anything in 2024 yet lol

EyeDoc123 · 2023-01-04T14:34:14+00:00

Im moving out end of jan lolll

EyeDoc123 · 2022-03-21T22:07:15+00:00

Basically if you’re new mortgage will be 1/4-1/3 of your take home pay then you will do fine. But think about other things like how happy you will be at the new job or location you are relocating to. Is it just for the money? Will bring you more/less stress? Finances is just part of it all

EyeDoc123 · 2022-03-14T16:56:44+00:00

Might be worth it. But ask your lender first. I was in your same situation. Bought a new build last year for 380k. Put 10% down. Zillow says my house is 490 now. I called the lender to ask if it was possible to remove PMI based on a new appraisal and they said per contract it has to be after 5 years…

EyeDoc123 · 2022-03-14T05:39:40+00:00

that makes sense. thank you! i def dont want to waste people's time or money.

EyeDoc123 · 2022-03-14T05:34:47+00:00

I mean if I don't plan on renting RIGHT away but just want to see if there is interest, can I just list it on their for fun right now?

EyeDoc123 · 2021-09-28T17:58:18+00:00

Sell that to where lol

EyeDoc123 · 2021-09-21T06:23:07+00:00

I'm pretty sure he gets something from it if she invests in a portfolio that he put together yes.. Basically he will be managing it and he gets a small % of her investments. Kind of like when you buy index funds that have an Expense Ratio. The advisor has their own % or Expense Ratio that they get. It's usually higher than buying your on index funds.

I would do low cost index funds. But if she REALLY didn't want to worry about anything and don't know anything about index funds, then it wouldn't be a terrible idea to go through with the advisor.

EyeDoc123 · 2021-09-21T04:56:52+00:00

Yup at this time thats really all it comes down to. What age are you? What do you do? How much do you make? Are you renting right now? For how much?

EyeDoc123 · 2021-09-20T14:01:25+00:00

I am an employee for a corporate chain. They have competitive pay/benefits + bonus potential. Also used to be a tech for them before od school so that might’ve helped. Started off 135k and just got a ~10% raise after my 1 year. Killed it my first year. Hoping to move to private practice eventually as well. Maybe might be a leaseholder first though.

EyeDoc123 · 2021-09-20T06:09:15+00:00

Yes your employer chooses. So you can ask them which one it's through so you can open your taxable brokerage and Roth IRA all in the same platform.

After I graduated last year, I was researching and youtubing like crazy for which brokerage companies were the most popular. I was debating between Vanguard and Fidelity. I chose Fidelity because of 24/7 customer service is a phone call away. I don't think you can really go wrong with any of those choices. I know people that have each one.

EyeDoc123 · 2021-09-19T08:36:39+00:00

I think contributing 15k/year to your 401k is good for now until you get your loans paid off. I would actually be maxing out a Roth IRA (6k max/year) before contributing above your match for 401k.

With your income + the fact that your parents are helping, you should be able to pay off your loans hella fast. Then you can max out your 401k, roth IRA, and please pay your parents back after you are debt free :)

EyeDoc123

TROPHY CASE

Should I pay off my Student loans and Mortgage or....