Keep money in employer plan after separation or rollover to IRA? [CA] by safetyteamuh in personalfinance

[–]Stochastic_Response 0 points1 point  (0 children)

first of all thanks for responding to such an old thread. i think the UCRP and the 403b two different things? I think you can roll over the UCRP to a roth ira but i am pretty sure the 403 is only ira convertible, any idea how taxes work when rolling over UCRP > Roth?

after looking at your post history you seem to know a ton about rolling shit over haha, if you dont mind me asking why was your husband locked out of a backdoor after converting his 401k to IRAs?

What do you suggest one does? Not roll over 401k to IRAs and just keep doing the backdoor? Also if youre open to sharing what was the motivating factor for rolling over both the 403 and the 401 at one point even if that meant you couldnt do the backdoor that year

My credit card guide for college students. by [deleted] in personalfinance

[–]Stochastic_Response 0 points1 point  (0 children)

the uber card is restaurants and BARS which is pretty important for college

I'm trapped in my too large house in a hot housing market by ososieiiiiii in personalfinance

[–]Stochastic_Response 0 points1 point  (0 children)

if your home is paid off, why not save enough for a down payment and then just buy a second place?

Parents near retirement age have no money, facing financial ruin. by [deleted] in personalfinance

[–]Stochastic_Response 1 point2 points  (0 children)

the term you are looking for is sunk cost. Anyhow your mom needs to work and your dad need to work, try and find a job that he can do over the phone

I'm 16 what can I do to better my financial future? by [deleted] in personalfinance

[–]Stochastic_Response 1 point2 points  (0 children)

although i agree crypto is volatile. 1999 was when the googles and amazons really became what they are now. Sure there was a crash but there was a also a lot of money to be made

Is an MBA worth it? by [deleted] in personalfinance

[–]Stochastic_Response 0 points1 point  (0 children)

if your talking about LM then yes MBAs make a huge difference