Credit Building: https://www.reddit.com/r/personalfinance/wiki/credit_building

Credit Card Basics: https://www.reddit.com/r/CreditCards/wiki/credit_cards_basics

If he’s out of country it will limit wire fees

Get it all done at once. Find a good and honest mechanic/body shop. You’ll be driving your Subie another 10 years.

I really miss our old cars. 😭

Are you trying to withdraw or rollover?

Gotcha! Thank you so much for continuing the conversation with me.

Freetaxusa.

Always freetaxusa

So their fee is dependant on the amount you owe, and they get to work out how much you owe..? Sus.

1. Immediately set your retirement contributions to the max to meet their match. Your retirement is a bill you need to pay for yourself every month, without fail.
2. Set a auto deduct to put a portion of your new income into savings. Building savings is a bill you need to pay to yourself every month.
3. set aside a reasonable amount for you to expand on spending for something you enjoy. You work to live, not live to work.
4. If you have money left over at the end of the month, the question you should ask yourself is: can I put more toward retirement or savings, or, if you still have cc bills, throw it at them. Don't carry them.

Congrats and good luck!

I used H&R block online to estimate my taxes. Any suggestions on a potentially more reliable service to use? Or do I just owe this money now lol

I just feel stuck. I waited until I got sober to try to get a car. But even though it’s been ten years since my DUI I’m still stuck getting an interlock. What am I to do? All cars I bought cash so I’m still a first car owner so even with going to my bank or credit union the car can’t be older than five years. So I can’t afford that. But I can’t afford that much in cash since I’m pay check to paycheck. Can I get a personal loan? The car dealerships want a four year loan minimum at 6.9%. I guess I should just suck it up and pay crazy interest? I can afford the interlock and the high insurance with the job just not the bulk payment for a car. I know borrowing from 401k is bad but if I don’t have a car I can’t continue my education or look for a new job or opportunity. I get not selling out my retirement but I can’t do anything without a vehicle to make my life better.

Are you saying you forgot to declare this income or you forgot to file at all? If you had no other earnings for the year, and no taxes were withheld by your employer, there's no obligation to file a federal tax return. The standard deduction is more than you made so you won't owe any taxes. That said, it's always a good idea to file but unless there's more to your picture you have nothing to worry about.

You are month to month now, get a lease and honor it or move. The landlord can say the double rent is the new monthly rent if nothing is in writing.

Appreciate the encouragement. I’ll stick with it.

I’ll update this thread if I ever see that money back.

I think the folks posting these types of comments need to re-read the OP.

It seems to me OP is very smart with their money and was asking for advice on what to do.

They had an auto accident. They gave the options they were provided, and asked advice on each one.

That’s smart. Not unstable.

Unstable would be “I got in an accident and I know my premiums insurance are going to go up but should I buy a Range Rover or the new Tahoe? And will they take $500 down so I can use the rest of the payout from my totaled car to get my partner a ring?” OP was total opposite of that analogy.

Smart people wouldn’t go out and buy a brand new car right now. Unless maybe you’re raking in the type of money where you can live in this economy and save up $50k for a basic new SUV or crossover vehicle. Paying cash, of course.

> Why doesn’t everyone just do that then?

I dunno.

We tell them to all the time but people think they’re smart and can outperform the market or they want to bet it all on large cap growth or are insistent that small cap value will our perform. Or they want to buy the cool new stock that totally won’t be a dud.

> Is that the only reason to add other allocations?

Bonds reduce volatility without significantly impacting returns. I have a link from /r/investing I can share when I get to a computer.

Everything else is already present in a total world index

“VT and chill” is a pretty common saying on /r/bogleheads

Where I am the bank does it, got my title about 3-4 weeks after paying off the loan.

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Because you do not know what sector might do better or worse. For example investing in an index fund for US stocks may miss the natural rotation to international stocks which may outperform in the future. Or a pharmaceutical index fund may be hot for years but then do really bad. The Callan Periodic Table shows the really well. https://www.bogleheads.org/wiki/Callan_periodic_table_of_investment_returns

Now if you are talking in investing only in VT or VTI for total US or total world stocks that may cover most of your bases - but there have been years when bonds outperformed stocks too. Diversification helps prevent you from performance chasing where you keep rotating out of a sector always hoping to catch the next rising star.

Its worth asking your landlord if you’re both on the lease. He may be able to light a fire under him

But at the end of the day he is not obligated to give you any leway. You’re responsible for covering the full amount

If you have less than $250k buy a couple index funds and move on with your day. Keep buying every month. It’s that simple.

Stop trying to get a loan. Even if you did did get approved, you'd still have what two more years of college after that. Where are you going to get the the remaining 34,000 you'll need?

You could try asking the school if they can give you some kind of financial waiver, and they might do that for a semester, but in the long run you're still going to have to come up with a lot of money.

Your best bet is to put your matriculation at the University hold and enroll in the nearest junior or community college. You'll get the same level of education for far less financial strain.

No diversification only serves to lower risk- if done correctly. To increase risk, concentrate your position. This could increase or decrease return greatly over time from a diversified portfolio. Diversified portfolios spread out your assets and make long term investing outcomes much more narrow.

It would. But if you are in a higher tax bracket, the tax deduction is more valuable.

T-Bills are very close to CD rates right now, and are far more liquid than CDs.

Money market funds (another unloved investment) are paying around 4.3% compared to 4.65% for T-Bills, and are not only as liquid, they are immune to interest rate risk.

So how would I roll it over so it’s saved when I get a new job then?