1. Usually a high yield savings account is a savings account that's completely online. This can be annoying for things like getting cash in (or out), but for things like storing my emergency fund or house down payment it works very well! I have a online savings account at Ally and a checking account at a local bank and transfer money between the two as needed (just keep an eye on fees charged by the local bank).

  2. Roth IRA vs general brokerage account

  3. If you haven't seen the personal finance flowchart, I'd definitely recommend checking that out

  4. Anyone have a favorite high yield savings account? I know awhile back I used to hear about Ally bank and their 3% all the time, but they don't seem to be the top % anymore, not that that's the only consideration.

  5. I've had Ally for awhile now. They currently don't have the very best rate (2.75%), but it has been increasing lately. I direct deposit into my Ally savings account and still have a checking account at the local brick & mortar for anything where I need to work with cash (my state requires banks to offer a no-fee checking option).

  6. No worries about being cynical! Exactly what I’m looking for ! I’m basing everything off of our wages going stagnant ! Hopefully that’s not how it works but best way to plan!

  7. I believe they are commenting on the fact that rentals 1 and 2 are only locked in at the very low rate for at most another 5 years. The monthly payment for a 250K mortgage payment at 1.52% vs. 7% (what the US is now, roughly) is $866 vs $1664. Presumably you could sell if the rate change creates a large problem (and the amount you're putting into principle helps), but it's still a risk, especially considering prices can fall if interests rates are high.

  8. Do be aware that you'll have additional costs for auto insurance (likely expensive considering you're 25 and this is your first car) and there will be maintenance costs after your first 2 years.

  9. I think you need to look at your spend now, what you intend to spend in retirement (will you have a paid off house? Will your spending increase or remain about the same?), and run your (and your wife's) numbers from projected social security payments.

  10. Work has started a "vacation purchase plan" where I can buy an extra week of vacation each year at 1/52 of my salary. Considering my taxes, that's a reduction in take home of a bit under 1.5%, and an increase in my vacation time by 21.7% (or 5.95% if I include weekends and fixed holidays).

  11. I take one week unpaid each year to supplement my PTO. My company doesn't offer the type of plan you are referring to. How is it tax beneficial vs taking an unpaid week?

  12. Tax-wise I think it would be the same as an unpaid week. The benefits over a typical unpaid week for me would be that the money is removed evenly from every paycheck which smooths out cash flow and it's essentially automated and covered under company policy. As far as I know we really don't have just an unpaid week policy--I could probably do it for a funeral, and I have unlimited sick days AFAIK, but for a planned vacation I don't think I could have previously just taken an unpaid week.

  13. I think genderswaps can change quite a bit depending on the setting. In pokemon gender roles are pretty non-existent, but in Pride and Prejudice, if Elizabeth had been born a boy and Darcy a girl, circumstances for the characters would be extremely different (Mary, Kitty, and Lydia probably wouldn't exist for starters). In fact, I'd imagine genderswapped P&P isn't all that enticing to write because the characters themselves and story would be completely different!

  14. It might be worthwhile to do a bit of thinking about what you might want to use portions of this money for in the future--travel budget? start a business? retire earlier? charitable contributions? new car? new house? If you need this money sooner than 5yrs (not sure what longer term means for your house purchase) then you want to keep it out of the market--CDs, I-bonds, shorter term T-bills, etc.

  15. Sorry I have a bit more time now and can respond more completely.

  16. I mentioned real estate for completeness, but agree that it probably doesn't make sense in your scenario (and almost certainly not at this time).

  17. I've seen a Mieville before, but think it was Kraken. Audible does do periodic sales where you spend credits (on whatever you want) and get a coupon in addition. If you're not in a hurry to read anything, that could be an option. You can definitely check libby or the Amazon "buy kindle, add narration" deals too.

  18. 31F Portland OR. How much am I effing myself over for renting when I could afford to buy? My partner and I rent a 3br home for 2600 a month and we could probably buy a similar home for total cost around 3200 a month. We could afford that, but we have been renting because we both recently finished grad school and it took a while to find jobs, also we have moved a lot in the last few years, but we plan to stay in our city for at least 5 years. Our rent is pretty good for the area and we loooove our location. Our management company is very responsive and has fixed many things for us. We’re thinking of starting the buyers journey (at least getting approved for a mortgage and seeing what’s out there) in January with the goal of finding something by July when our lease is up. There are lots of nice homes in our area for 300-500k. Prices are going down around us and I have sizeable down payment I can contribute. I have a lot of regrets for missing the housing rates of 2020-2021 and don’t want to miss lower home prices that have started popping up around us, and I expect they will continue dropping the rest of the year. I have also considered buying a condo or rental property while we continue to rent as an investment but not to live in. Our combined salaries are 200K and I have 50k for down payment. I do have sizable investments and I put aside about 15k/year to invest in the stock market, so I don’t have no equity just no real estate equity.

  19. I don't think it has been updated for Trump's tax cuts which can make a huge difference if the property tax deduction is caught in the SALT deduction limit.

  20. Thanks! I didn't know about the SALT deduction limit--might make a difference for OP.

  21. Lots of this is location dependent. Some areas dealers have cars, some do not. Some areas the used car market is reasonablish, in some it really isn't.

  22. Assuming you pay off your balance completely (utilization back under 10%) it should go back up in the next month or so. Credit cards don't really have a memory for utilization--it's whenever the rating company most recently checks.

  23. Hey all - Unsure if this is where to post this but I don't really know what the heck I'm doing w/ my finances and would love some assistance. I'm unsure how I'm doing - what I need to be doing - what I should dedicate my plans too.

  24. The personal finance sub has a helpful flowchart here:

  25. If you need the money immediately and qualify for a hardship withdrawal (based on your company's system) or have very significant medical expenses (on the order of 7.5% of your take home) you likely will be able to take money out of your 401K without penalty (besides income tax. If your 401K plan is going away you could roll over into a traditional IRA instead of a roth IRA which would mean you don't need to immediately pay income tax on the money.

  26. Could you end the conflict and get to an ending in chapter 5 and then make the extra fluffy remainder a Part 3/epilogue? I don't mind a chapter of fluff at the end, but for me half the story would be too much, especially if it's pretty unrelated to the first part. It seems like a big tonal shift too.

  27. I personally would probably wait (I'm very rarely in a hurry regarding fic) since that would give me time to polish the fic. One week isn't a lot of time and what good will all the comments/kudos/adoration/speculation be if I won't be able to access the internet later to see them? A month + wait between finishing the story and doing the final edit makes the final edit better too, since my eyes are fresher.

  28. Usually the simple Roth vs. Traditional rule of thumb is "will I be withdrawing more money per year than I'm currently making, or less?" If less than traditional, if more than roth. Roth you pay taxes now, traditional you pay taxes later. Of course that logic depends on the tax system being relatively similar at your retirement date to now, so people often have a bit of both anyway.

  29. I mostly only read WIPs from authors I'm familiar with and I really like having that estimate of the chapter count--it lets me set expectations.

  30. Quite a lot of the time you don't need to explain the backstory. In established relationship stories you don't need to show/explain the characters getting together, in Pirate AU you don't need to explain how everyone became pirates. Just stick on the tags and go!

  31. My traditional IRA is below its original value--should I be thinking about recharacterizing it as roth? I started it when I could take the tax deduction, switched to a roth when that went away, but I'm starting to think there might be a chance I'll hit the roth limit in a decade or so and don't want my tIRA preventing me from a backdoor roth. Any advice?

  32. Thank you! Knew the conversion would be taxable, but figured now might be the time to do it, but a rollover definitely makes more sense.

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