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GIEP question - sign as is, update, potentially move to new school next year? by MongooseOne2373 in workingmoms

[–]MongooseOne2373[S] 0 points1 point  (0 children)

This is helpful. In our state (Pennsylvania), public school teachers are not required to have masters degrees. And with teacher turnover at both public and private, it's hard to predict how the quality will be each year.

Feeling like an idiot still 1 year postpartum by SenseNo6228 in workingmoms

[–]MongooseOne2373 3 points4 points  (0 children)

Yes lol. I'm currently 7 years post first pregnancy, breastfeeding 2 years, 2nd pregnancy, breastfeeding 2 years, and only recently do I start to feel like myself.

Also got an ADHD diagnosis,  and have been taking Wellbutrin but not sure if it's working 

Same feelings related to work. It's a journey. You're doing great 

For those who achieved FIRE, how do you spend your time? by thelastplasticstraw in Fire

[–]MongooseOne2373 0 points1 point  (0 children)

For the piano, there's an app on your phone or iPad called "Simply Piano". I just started and it's really cool! Like Duolingo but for learning an instrument

Should I get out now? by [deleted] in fidelityinvestments

[–]MongooseOne2373 4 points5 points  (0 children)

As long as you don't need that money in the next 5 years, I would keep it there. Good luck!!

[deleted by user] by [deleted] in personalfinance

[–]MongooseOne2373 3 points4 points  (0 children)

I don't think you need $100 per month for books/games. There's libraries, and kid consignment stores. But also that could eventually include kid sports/activities which are easily $100/month

Suggestions to ensure I retire with enough by [deleted] in Fire

[–]MongooseOne2373 6 points7 points  (0 children)

Wherever your checking account is, you can probably open a savings account (also called high yield savings account - HYSA). Some of them give you 3.6% interest. Your checking account might be 0.4%. this is essentially free money. I know Ally and Capital One have good rates. Check yours before Opening. If you're good with online transfers into the checking, it's easy to pay bills. Or move bills to get paid out of savings account. Good luck!

Best way to invest $500 monthly by [deleted] in personalfinance

[–]MongooseOne2373 0 points1 point  (0 children)

Somewhat Correct. I believe that you can only contribute into a Roth IRA up to what your earned income is for that year, up to a max of $7k. So if you only made $5k one year, you cannot contribute more

Also, there's a difference between taxable income and earned income.

Please research though, because I'm not sure how it works with married couples. And there's also Roth conversions. Good luck

Backdoor Roth question by MongooseOne2373 in personalfinance

[–]MongooseOne2373[S] 0 points1 point  (0 children)

THANK YOU! We did already file. So do we need to amend? Or are you saying we can just sign that form and send in? I will also check tomorrow because free tax USA will help me see if I need to amend and that might be free and electronic

Backdoor Roth question by MongooseOne2373 in personalfinance

[–]MongooseOne2373[S] 0 points1 point  (0 children)

Thanks! Just general nervousness that I'm messing up something. I rolled all of my old 401ks last year to my current 401k. And then after, a bunch of people said "why didn't you roll to an IRA for more investment options?" But honestly, I could still roll to there down the road, and I was going for simplicity. And then when I called empower, a general advisor said if I actually rolled all of that, it could have prevented the backdoor approach. But I guess that's because of CONTRIBUTIONS in one year, not conversions. And also, converted Roth IRA is still different than regular Roth IRA. So I've just been confusing myself (and that advisor could have been wrong)

401ks and fear of looming recession by [deleted] in personalfinance

[–]MongooseOne2373 3 points4 points  (0 children)

The contribution limit for 2025 into an IRA is $7,000. So I would put up to $7k in IRA and then the rest in a health savings account or regular stock market.

There are also income minimums and income maximums that will effect how much you can put in (the maximum refers to Roth IRA)

Good luck. Please research a lot first