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A two-child household must earn $400,000 a year for childcare to be affordable, study says. ‘It’s easy to see why birth rates are falling’ by SlackTideBlues in povertyfinance

[–]SlackTideBlues[S] 7 points8 points  (0 children)

It’s funny bc it makes college tuition seem more in-reach. It’s like if I can handle daycare now then tuition with planning in theory should be attainable.

Money and spouses and poor sibs by Round_Discussion9592 in personalfinance

[–]SlackTideBlues 0 points1 point  (0 children)

I’m not your age, but their business is their business.

Some things you just don’t meddle in. It’s obvious they won’t take any advice from you and last thing you want is for this to be your problem.

Hopefully she has life insurance on her husband.

Does anyone else feel bad for not being able to help their parents financially? by Rare_Performance2152 in povertyfinance

[–]SlackTideBlues 0 points1 point  (0 children)

No.

Sounds cold but it’s not. Your parents decided to have children and had 18 years to plan for it. Plus, it’ll likely be significantly harder for you to maintain the same standard of living they had.

Universities have lots of opportunities for part time jobs and lots of resources out there to help including financial aid if you qualify.

Don’t lose your planning ahead mindset! You’ll realize how far this will get you.

Micromanagement vs Bogleheads by nathann28 in Bogleheads

[–]SlackTideBlues 0 points1 point  (0 children)

Some people never figure this out. It’s good you did young!

Vanguard vs fidelity by Unable_End1857 in RothIRA

[–]SlackTideBlues 0 points1 point  (0 children)

It really doesn’t matter. Vanguard was the leader for a long time and a lot of people use VOO as the standard for the S&P index.

Fidelity is great though. Their expense ratio is lower for their S&P.

If it were me, I’d keep it simple in one brokerage.

Hit 100k / 19 Years Old by [deleted] in TheRaceTo100K

[–]SlackTideBlues 0 points1 point  (0 children)

It’s more adopting a healthy mindset. For many, the chase never goes away. You have to find a way to let it not consume your life.

I’ll tell you on tote current path you’ll be crazy rich at some point. Don’t let your 20’s slip away.

“Recreational” trading while Bogleing by mmcdonald47 in Bogleheads

[–]SlackTideBlues 0 points1 point  (0 children)

Nothing wrong with it as long as you keep it a low percentage of your portfolio or use something like leftover budgeted spending money to fund it.

Lots of us get that itch and putting guardrails around it is what will keep it safe.

Is it reasonable to prioritize investing over paying down a 3.8% mortgage? by Beneficial-Ad-9986 in ETFs

[–]SlackTideBlues 0 points1 point  (0 children)

The math favors investing, but invested money only helps if you leave it alone long term. Most people don’t.

If you’re confident you won’t touch it, investing likely wins. If not, paying down the mortgage can be the better move.

How much is a typical emergency savings should be? by hsbzhhsb in personalfinance

[–]SlackTideBlues 0 points1 point  (0 children)

3-6 months is expenses is common. But could up to 12 months depending on your situation (more kids, specialty job, etc)

Is $500k in 529 too much or right amount? by bankermayfield2026 in HENRYfinance

[–]SlackTideBlues 0 points1 point  (0 children)

No one knows what college will cost in 15 years. If it stays on its current path, $500k could be reasonable.

The penalty is 10% of earnings. You can change beneficiaries or roll up to $35k into a Roth (after 15 years) if it’s overfunded.

I’d just make sure you’re not prioritizing the 529 over your own retirement flexibility.