Your parents should not have access to your money.

Do not let them guilt you into finally supporting them. They are adults. You can choose to help them financially, but they are not entitled to your money.

Do you live at home? If so why don't you pay a set amount to them for rent if they need help. This way it stops when you move out. In either case I wouldn't let them have access to your account.

I would say around $100-120k.

$3300/month on $7500 take home is going to be tight, especially if you have an additional $500/month debt on top of that. But you're only taking home about 50% of your gross pay, so I'm guessing you're contributing a lot toward retirement? You'd always have the option to reduce those contributions if you want to free up additional money each month.

Yeah? And that won't matter unless OP gives away $12,700,000 (in which case, see above)

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You might want to save more so you can put down 20% and potentially get a better rate, but your income is enough to support houses in your price range.

Yeah, sorry I don't know. You'll have to ask your employer what happened there. I've never had any of my various VA employers withhold anything other than VA for me, regardless of where I physically worked.

Yup, someone I knew personally had their mom on their account and they lost thousands of dollars because she owed money to the government and they took it from his account since she was on it.

My Marcus by Goldman Sachs HYSA is currently getting 3.75% APY. It isn't 100% liquid, but it only takes a day or two to transfer it back to my checking account should I need it.

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interest. Deferred Vs. No interest.

No reason not to refinance, you'll save a lot of interest.

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What if I just deposit that as a rollover into my personal Roth IRA? People are saying I still need to pay more penalties which I don’t understand. If the balance was 10k and the check is 8k, then I already paid my federal taxes. What other penalties do I still owe??

That makes me feel better haha

Retirement age people 100% in VTSAX would've lost 19.53% last year. That's... not ideal with the amount of capital they should have saved by that point. They may no longer be in a position to just 'wait it out'. Holding the position at that age without guaranteed income is pretty risky.

so, is my W2 saying I made $92k (70k in DC and 22k in VA)? because I know I for sure did not make that much via my paystubs

Plenty of online-only banks offer ATM access through Allpoint or similar, and will reimburse ATM fees.

The bigger concern with banks like BofA are overdraft and account maintenance fees, which are more likely to penalize the young.

Not all debt is bad. That money they’re investing isn’t going anywhere where it can’t be used to pay off the mortgage in an emergency situation. Sounds like you subscribe to the Dave Ramsey mentality.

LOL, OP you're going to have to ask your employer what's going on there, I have no idea.

Yes. If you don't rollover/convert the full balance ($1000), you pay penalties on whatever amount was withheld. In this case, its $21, but still, that's $21 you don't need to give away

I wish we had this class back in high school. I might add a medical/health insurance/emergency section. But this might be more of a life skill versus personal finance. I have met so many patients that had no clue what their health insurance covered or what their deductible is. They chose the plan because it's cheap or its a group plan through their work and they assume it's a good one. So many patients complain and throw fits and argue when they have an 'out of pocket' cost that they cant pay or afford. They're the ones that chose the plan, not us. We just verify the benefits. What the insurance doesn't cover falls on the patient. Unless you have dual coverage. Even then, costs may not be covered 100%.

Makes sense - they'll go on my employer's insurance. And also makes sense on the bigger things like cars, we have two that are fully paid off and will likely sell one and upgrade but buy it out in cash w/o a loan.

The best way to "fix" this is to have a monthly line item in your budget for fun/spending money. That way you are allocating funds that need to be spent on a night out etc