Thank you for linking the Prime Directive! I hadn’t seen this before posting, definitely a great resource!

Pay off the credit card debt, there’s not even a question about it. Rebuild your savings once paid off

Oh definitely! I just wanted to mention the Roth so it wasn’t coming across that the 10k was my only savings in comparison to the debt.

I hadn’t thought of already shifting my budgeting to the future salary, which is a great idea! Thank you!

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Actively Managed fall behind index:

• https://www.cnbc.com/2019/03/15/active-fund-managers-trail-the-sp-500-for-the-ninth-year-in-a-row-in-triumph-for-indexing.html

• https://www.marketwatch.com/story/active-mutual-funds-could-have-finally-outperformed-during-the-coronacrisis-instead-their-returns-were-dismal-11595261948

Ask your recruiter for your orders to basic, once those orders are cut and official you can feed them to your creditors (car loan owner, credit cards, banks, whomever you're paying interest too) and they are legally REQUIRED to lower your interest rates under SCRA. If they do not then you can get your legal team involved during basic. Usually this process is all automated now if you have orders, or is a short 5-10 minute phone call.

The savings in interest could make it worth keeping the car. Honestly though probably just sell and keep expenses low while you're getting laid through basic and first duty station.

Take the advice above and start contributing to your TSP (Thrift Savings Plan) as much as you can afford. Roth and traditional options are available and it's a great plan for all service members.

The Prime Directive should set you on the right path. Generally speaking, you're losing money by carrying that debt - 28% vs 3-4% in an HSA. Pay it off as quickly as possible

don't touch the roth, that is your future retirement.

live for the next few months on the future salary, that should give you plenty to knock out the CC debt and put a bit in the bank for a cushion when you move jobs

Pay off the cards. Currently, you've essentially borrowed $7000 at 28% interest so you can keep it in your bank account.

Knock out the debt asap. You'll feel much better.

You’re saying he is extremely wealthy but is he really? I get the sense from your post and comments that he’s not exactly all that wealthy. And it’s nice that he says you’re inheriting it, but unless there’s some sort of iron clad signed agreement, I’d take that statement from him lightly. You’re entitled to the full 25%. Don’t get intimidated or rushed into something that you’ll potentially regret later. Be civil. Contact an estate attorney to really look things over and be patient. Try to get as much contact with your uncle in writing as possible (emails, texts)

There is likely a scientific calculator on your phone. If you have an iPhone, turn your calculator horizontally and you’ll see many more keys.

You’re looking for the x^y button (only the y is “raised”). X is the raise per year expected, and y is the number of years. Like this:

50000 x [raise amount] (x^y button) [number of years].

Lender is exeter and current value is $15,000

I’ll be trying to do that

What should I do about my car should i sell it back to the bank

Customer service doesn’t necessarily equal good value when it comes to funds…

How much is remaining in the 401k and what is your current taxable income?

If the regular annual distributions are already pushing into the top tax bracket, it might not matter that you're pulling out 200k at once.

Basically yes, if we ignore time value of money.

6% of 200,000 would be about $12,000 annually. It's likely that it would take several years for that to work out to the extra tax from taking the money sooner, but that depends on a bunch of parameters.

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If it’s a fair discount, tell your uncle that you and your brother would like him to consider selling his hand to both of you a the equivalent discount and just see what he says.

I do use it for work, but I prefer to ride my bicycle when the weather is nice--so it has lasted me a very long time. That said, the stipulations listed around our commuter plan have only stated the types of services it can be spent on, and not when they can be used.

You probably should look at these factors:

Is moving a hassle for you? For me it was me, my wife, and my adult son. I was only 42 so packing up our house and putting half in storage and furnishing the apt was not a big deal with 3 adults. We also ordered all new furniture to be delivered to new house. Moving was not an issue for me. It may be for you.

Look st the market near you. Check home list prices over the last 6 months. Homes around me have stabilized, rates probably won’t adjust dramatically down or up this year. You could have a different market. You probably won’t get an amazing deal, but the days of getting 60k bumps in home values every 12 months is pretty much over for now.

Can you get a tenant friendly lease? My complex was very nice - in quality and flexibility. I carried out the lease so I could spruce up the new place without all the clutter.

Bridge loans and carrying both mortgages are an option. If you buy before you sell, can you cover that cost? You may have to cover rent, too. I did this in a VERY competitive market, bids were all over asking, so I tried to make myself as attractive a buyer as I could while mitigating risk. It worked for me, may not for you. If you sell before you buy, you may be moving anyway unless you can rent back.

Okay so you need $5600/12 and that’s your escrow payment. However you also need to catch up on that $2400.

If the lender lent you money (they do implicitly to cover the shortage), but you’re at 900+/month it seems they are requiring you pay back the overage over six (?) months instead of 12.

>I not familiar with what you’re saying in that second paragraph …. How would that free up my income more?

If you have money sitting in a brokerage, and there is enough to finish your emergency fund and/or pay off a loan you have, then you will have more income that would have been going to build the emergency fund, or going to that loan, that you could deploy elsewhere.

In short, fewer of your incoming dollars would have a "job" when the emergency fund is done and the loan is gone. That is then free capacity.

So we would want to quantify 7 years of interest payments and compare it to the extra tax