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Looks like Bogleheads confirmed that the bonus from Fidelity is not considered an IRA contribution.

If it's not in there, they can't charge you one

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Thanks!

Yeah that was the problem is they weren't that either. Ally seems to be a pretty popular one

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No need for an app / calculator for this.

1. Set all 5 cards to make the minimum payments.

2. Get all of the interest rates (if doing avalanche method) or balances (if doing snowball method).

3. Throw all of your extra money on the card with the highest interest rate (if avalanche) or lowest balance (if snowball).

I would think about what your goal is. A lot of “old school” families think higher degrees create greater wealth and job protection. Not always. Want to go into finance? Masters won’t do you much.

You seem to have the resources to figure out what you want to do, whether it be making money long term or following a passion

I’ve never understood why people who are financially stable and better off than most of the US come on this sub and ask questions with super easy answers. You’re a thriving adult with a good job and saving the max into retirement each year. Surely you can decide if you should look for another job or stick with your current company without asking a bunch of strangers their opinions?

Look at jobs, see what is available, even apply and get offers and if the pay is not significantly better, or the work life balance is much worse, don’t take it? Simple as that. As for wanting to do a renovation, stop paying so much money into your retirement for even a year, pay off the mini van, then take that extra cash from both and set it aside so you can do the renovation in a yea or two?

You cannot afford this. You will literally only have 1 or 2 hundred bucks left after taxes and rent. You can't live with that.

idk what's going on in your life, but moving out will only add more stress to it. It sounds like you feel like you have to do "something" to change your life, but this is not the right thing.

That's right. On the ex date, the share price is literally reduced by the amount of the dividend. It's hard to see as prices move in real time. If on ex date you have a single 100$ share and it pays a 5$ dividend, you will then have a share worth 95$, if even for a moment, and 5$ cash, which you can then use to reinvest.

If the stock goes up. No guarantee it will.

Try using either the Avalanche or the Snowball method to bring down your debt. There are YouTube videos that have extensive information on these two methods. Prep your own meals and refrain from going out to eat. Pause all investments including IRAs. Just invest enough of your salary to receive your company's matching contribution. Once you have ended your debt your options will open up immediately to save and invest more aggressively.

I believe the confusion is that their terms and conditions say you can’t get the bonus if you’ve already maxed your contribution, but it never actually counts as a contribution.

I am by no means a financial advisor but if anything I'd like to add that as your partner continues to look for a line of work maybe have her also look into getting a small job while she looks for something else it will give you maybe not what you're looking for monetary wise but it will give you a thousand or so extra depending on wage . At least ! Hope everything works out .

So an option, similar to what I did, is to just throw your money in the target date funds. They’re designed for people without knowledge and set it and forget it financing. Then do some reading, ask some questions, research the other funds, decide if you want to change it. I might have missed out a little in that approach, but I also wasn’t freaking out on fluctuations worrying whether I or the first place I went to get advice was right.

Fidelity is great.

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I see, that's good to know. So it sounds like when the dividend is paid out, stock price falls accordingly to the total amount paid and thus the amount of money that has left the company, then the stock price rises slowly as the company replenishes those funds throughout the quarter?

Yes

This is fantastic information. Wow thank you for taking the time to link and write all this out!! Thank you so much. Ill take a look at these shortly.

I do it regularly, in fact I opened a new card expressly for buying xmas presents, knowing I’d spend $1k easy, might as well get $200 back.

Then I put the card in a drawer and forget about it and go back to using my preferred card.

The only downside is your credit score will drop a bit due to the credit pull, but that’ll go back up after a few months.

The key here is to pay it off in full otherwise interest is eating into the bonus.

So your putting roughly 20% of gross income away into Roth IRA and 401K combined?

I am 29M and also make 89k in a HCOL area.

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I do backdoor Roth IRA with vanguard and I am 100% VTI.

I have a Robinhood account and do automated dollar cost averaging on VTI. Yes, I use RH. I don’t use it for stupid day trading stuff. Robinhood supported fractional shares and automation before Vanguard, so I just got accustomed to staying with it, since it’s all automatic.