Job doesn't have a probationary period. I'm finishing up the tail end of a 2 week Christmas vacation. It was highly encouraged that I take it, since the company has a year end change freeze anyway and no patch changes could be made.

I've been consistently employed since 2019. I've changed roles or jobs 3 times, but I haven't missed a day of work.

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Not with dividends reinvested. 8% is certainly attainable, especially if you start investing the middle of a bear market.

The average return per year from the very bottom of a bear market to the peak of a bull market is between 15%-19%.

Obviously you can’t time the bottom of a bear market, but you can dollar cost average into it. And eventually the bull market begins and at some point you’ll be up 15%-19% during the bull run (assuming buying at the bottom).

https://www.raymondjames.com/neunuebelbarrantes/pdfs/history-of-market-corrections.pdf

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I went down this hole yesterday. Since today the markets are closed, it’s the end of the year unfortunately you can’t do it

Biweekly, not twice a month. Multiply by 26. $3077 x 26 = $80K.

You don't see the fees directly (it's not like you get billed or have it deducted from your balance). The fees are paid out of the fund's assets, and so they're an invisible drag on your returns. If the fees are 0.10, that means that 0.10% of the fund's total assets are paid out as fees every year, and from your standpoint it will look like the return on the fund is 0.10% worse than the underlying investments.

The house actually has blinds on every window already. I'd probably buy some curtains too for our two respective bedrooms, but yeah that's the plan. 2 beds, a fridge, washer, dryer, and a sofa. Anything else can come over time.

Gross pay is just under $80k, so that seems correct. Since you are paid biweekly, you will have two months where you get three paychecks instead of two. If you were paid bimonthly, your paychecks would be slightly higher.

This depending on how much you have in the pretax Trad-IRA account. The pro-rata rule is a bit confusing and I do not know how IRS would officially dealing with it. So from what I read off web it tax based on percentage of the Roth rollover against the Pretax Trad-IRA balance

Longer term do makes sure you do not have any Pretax Trad-IRA.

The rural house does have a new roof, new AC, and new hot water heater. The wood in the attic looked good from the ladder, and the wood/vapor barrier in the crawl space looked good too. But it definitely has a cheaper feel build quality. I'd be confident in it, but the other house definitely feels more solid and feels more well made. But yeah I just can't get excited about the area, even though it is much closer to family.

The new one comes with "builder warranty and RWC home warranty". I don't have a ton of faith in builders but if the other is 3rd party and an actual warranty company, that would help.

This is it. Your partner needs some form of work, even if it's minimum wage. That will get you both out of the hole.

But if you take the deduction on your income tax then it’s pre-tax dollars going into the IRA. In that case a conversion would all be taxable as income. Generally it’s not very efficient to convert to Roth because of the initial tax drag.

Must have zero tIRA balance on December 31 in the year that you do the conversion

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You have over 1 grand more a month in hand and your friend is contributing $450 less a month to her 401k. That’s essentially 40-45% more (401k is pre-tax) monthly than your friend and you make 32% more than her. Seems about right but it all comes down to deductions and details.

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List every tax and deduction separately!

Your taxes are your taxes. If you have too much being withheld, you’ll get a refund. If she’s having too little withheld, she’ll have to pay more.

Different jurisdictions have different state and local taxes as well. Places like California and NYC are known for high state and local income taxes. Places like Florida and Texas are known for no state and local income taxes at all.

Deductions for things like health insurance can differ significantly as well, depending on quality of your plan and how much of it your employer is covering.

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What's missing from your story is what your financial goals are. Ok, you have $13k in savings, but how many months does this cover you for? Beyond having an emergency fund, what are you looking to save for? What's the state of your retirement? Rather than just say "no you can't afford this", I'm trying to get you to think through your needs and wants so that you can answer your own question. I would bet money that once you start thinking about your needs and budget towards them, you should be able to see whether or not this rent fits into your picture.

Just added all the figures. Do you still reckon something Is missing?

For only 16k it seems like the other person getting a job would be all you need. You definitely could speak to a bankruptcy lawyer if you can find a free consultation or somthing. From what I understand 16k is on the lower end of it being worth it.

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Post to /r/mechanicadvice as well. They're at least give you a sense of if there's anything fishy going on.