file MFJ since the event occurred during the 2022 tax year

I agree, thank you. I was estimating groceries, utilities, leisure etc.

401k has a 10% early withdrawal penalty. So you'd pay taxes at the base rate (and may owe more, they don't know what your total income will be) so in the numbers you gave as an example you were taxed 20%, but your tax obligation may be 24% for instance, so you'd owe an additional $400 in that case PLUS the early withdrawal 10% penalty on the amount not rolled over if you don't roll all the money into a tax deferred account. So again using 2,000 in this example you'd owe $200 in penalties. In total you'd owe $2000(base tax)+$400(actual tax rate difference)+$200(early withdrawal penalty)=$2600. I think you're confusing taxes with penalties when they're two separate things and additive in this case. If you put the gross $10,000 back into a trad IRA or 401k then you owe no taxes and no penalties, you'll be refunded come tax time.

Highest interest rate first!

>New bank, new account, move money = problem solved.

I am worried it will only open a new problem, which will be emotional blackmail from parents as in "Why won´t you add us on your new account, we need you, we are familly,..." But you can´t really deal with it in any other way I guess.

Thank you! My monthly payment on my student loan is $250, but I think it’s a good idea to focus on the personal loan first so I don’t end up paying tons in interest

Thanks Are these citi savings accounts?

I would take the PMI option at lower down payment.

Lot of 401k loans also prohibit you from contributing to the account until the loan is fully paid. This effectively means you also lose any employer matches, IIRC.

Sorry bro your post makes zero sense. I wish you luck in your wealth building FYI VTSAX closely mirrors s&p 500 which has a non inflation adjusted return of 11.58%. Lets touch base in 30 years and see who has more money :)

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Don't take a loan from your 401k.

And if you must, don't take more than you absolutely need.

My student loan is a private loan so they are essentially allowed to do whatever they want, interest is still accruing on it and I’m still required to make payments 😔

Any trouble with this? I want to link my HYSA to treasury direct but concerned about the time delays in transfers (takes 3-4 bd to get funds from checking to hysa)

I make 72,000 a year. My dad makes 300k+ and was going to co-sign the lease.

Except the IRS probably

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Thank you!

Do not teach options. Or if you so do not say anything good about them

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I would cash it out and be done with it. You basically have Whole Life, and here is why it is bad for the vast majority of people: https://www.whitecoatinvestor.com/debunking-the-myths-of-whole-life-insurance/

If you don't have income you can't get a loan generally.

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Yes, I am looking to get a full time job soon.
Thanks, I will do what you said and check where are the brokers near me.

Better yet, they could keep the old account with a small amount for the parents and just make a new one for their main

From one parent to another, congrats!