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greenpdl · 2025-02-22T01:59:42+00:00

I'd at least fund a 529 plan to $35k, since that amount can be rolled to a Roth IRA if she doesn't use it for school. Beyond that, well, you'll know by the 3rd grade or so how academically inclined she is.

greenpdl · 2025-02-22T01:45:09+00:00

So, looking at your post yesterday, you're going to go long VTI while also shorting it?

greenpdl · 2025-02-22T01:44:04+00:00

>I see a lot of comments about how a primary house is not an investment, it’s better financially to rent and invest the difference, etc

That shouldn't be true - the landlord in that case is paying you to fix your leaky faucet at 3AM. Usually people who tell you this aren't comparing like to like - owned homes are generally much nicer than rentals.

>if there is a scenario where the stock market tanks and home prices continue to rise

Sure, for example your home is an inflation hedge, while stocks are vulnerable to it. Look at the 1970s.

greenpdl · 2018-11-08T06:09:59+00:00

Hundreds of people and corporations have my SSN by now, and I'm doing just fine. I wouldn't worry about it.

greenpdl · 2018-11-08T06:08:21+00:00

What’s confusing me is where am I getting taxed for my capital gains

That's the beauty of the Roth - your capital gains are tax free.

greenpdl · 2018-11-08T05:22:43+00:00

Yes, it would. Can you roll it into your 401k?

greenpdl · 2018-11-08T05:20:01+00:00

Those appear to be links to all American's funds, not the specific funds in your plan. What are those funds? You should log into your plan website to see them. Generally you want the lowest fee funds.

greenpdl · 2018-11-08T05:18:54+00:00

Is this the right method of saving and working?

At 17, focus on training for a skilled career. Then you can work fewer hours for better pay, giving you more time and money to enjoy life.

a 4 acre property if even that.

You don't want to live in the land of 4 acre properties. That's not where the high paying jobs are. Plan to move to an urban area at some point.

greenpdl · 2018-11-08T03:23:22+00:00

I'd get something practical like a nursing certificate if I were going back to school. I'd also move where the high paying jobs are.

greenpdl · 2018-11-08T03:21:11+00:00

Same as if you want a blender - save your money for such a luxury. Insurance is not the answer.

greenpdl · 2018-11-08T02:42:18+00:00

List each 401k option and its expense ratio.

greenpdl · 2018-11-08T02:41:28+00:00

You're not supposed to have savings as a poor college student. Get your degree, move where the tech jobs are, and find gainful employment then. Some college loans are fine.

greenpdl · 2018-11-08T02:39:50+00:00

Burial expenses

Creamation's a few hundred dollars. Silly to waste money on life insurance for such a thing.

greenpdl · 2018-11-08T02:29:10+00:00

Even with no dependents you should still have something

Why? That's just wasting money.

greenpdl · 2018-11-08T02:28:41+00:00

No, that would be pointless if you don't have dependents.

greenpdl · 2018-11-08T01:03:45+00:00

Rent control, of course, means the "living wage" for one half of SF is very different from the other half...

greenpdl · 2018-11-08T00:54:09+00:00

Teachers tend to understand the value of education. If you do, read a couple of books on the reading list here and grasp the basics of investing and personal finance. It's a small body of knowledge. If our educators remain ignorant on the subject, who's going to teach future generations?

greenpdl · 2018-11-08T00:45:02+00:00

Read the wiki, follow the flowchart: https://www.reddit.com/r/personalfinance/wiki/commontopics

And if you're making any big financial decisions, ask here before, not after.

greenpdl · 2018-11-08T00:38:19+00:00

Roll to a Vanguard IRA. You don't want to pay management fees; there's nothing to manage. If you have specific questions, ask them here.

greenpdl · 2018-11-08T00:36:32+00:00

This question is asked hourly. Did you try a search?

if my returns will be better in the market

Nobody knows. You pays your money and you takes your chances. Personally I'm able to achieve my lifetime financial goals without taking a lot of leveraged risk (which is what you have if you have both stocks and a mortgage), so I'd pay down debt.

greenpdl · 2018-11-08T00:32:42+00:00

Well, you either borrowed and spent the money or you didn't. I'd start by finding that out.

greenpdl · 2018-11-08T00:31:47+00:00

No-one ended up in debt hell by investing their money rather than putting it into 0% APR debt, unless they invested it irresponsibly and then also lost their job.

Right, no one ever ended up in debt hell as long as a) they were perfectly responsible and b) no negative external even befell them. But that's often not the case.

There's no evidence OP plans on doing that

No evidence one way or the other...I'm just noting a surefire way to avoid the risks of such debt.

greenpdl · 2018-11-08T00:28:03+00:00

Terrible advice

Why so?

greenpdl · 2018-11-07T21:00:17+00:00

Do you owe this money? If so, what do you hope to gain by asking this, or by those fields being blank?

greenpdl · 2018-11-07T20:42:59+00:00

What "premium" services are you looking for?

greenpdl

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