Some would argue on if those 2 is all you need. You can sprinkle some QQQ if you like tech. Or IWM if you like small cap. Its whatever you wanna do. What really matters is consistency, auto contributions, and a high savings rate. Most of my stuff is total market or sp500 index stuff

I would rather pay that with the mortgage than take out a loan for it. The reality is that you’re going to have to make sure your escrow account will cover your taxes and I’m betting $1100 isn’t going to cover that.

Here's a link to the PF Wiki for helpful guides and information.

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I love the flowchart! Here's the wiki page with more context and information.

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Your friend is likely trying to explain a bit much that makes it complicated.

Instead of all these hoops, you should likely contribute pre-tax to a 401k and to a Roth IRA.

Follow the flowchart.

My generic advice:

https://i.imgur.com/lSoUQr2.png

Here is the flowchart from the r/personalfinance subreddit’s Prime Directive. If you follow that, you will be ahead of almost all of your peers.

Stop by the sidebar to see the Common Topics, which include basic money handling and investing.

You don’t need to talk to anyone or buy some random book to do this. You have all the tools right here.

There are other subreddits for those questions - I tried to keep my answer to Personal Finance

S&p500 is what you want to look at

Do both and file the one that saves you the most.

Thank you!

Thank you

But yea I've kinda accepted I won't be able to date either way man lol.

how did bonds do

certainly there’s nothing wrong with supporting your parents but the way it’s currently set up is more risky (and with less control) than it needs to be. even if OP continued to decide to help, there needs to be more protections in place

Monte-Carlo is actually in my text; however my course is a remedial one, so I'd only do that if I wanted to torture them.

You might want to report that to Vanguard then, because it literally shows it's yield since inception as 7.15% https://imgur.com/a/mGCNpiW

No issues.

I treat Marcus as it’s own thing and don’t really transfer between it and my checking.

I have my own emergency fund at Ally if I need to transfer.

Thanks for the advice! I read that VOO makes up 82% of VTI. I’m somewhat risk adverse so the top 500 in VOO sounded safer. Any other funds you recommend?

It's bad, and this is a normal/upper income area (nearly every kid has AirPods, some have brand new cars). I can't imagine low-income where it's even worse.

No, you shouldn't. There's hardly ever a good case to buy a new car because of the depreciation alone.

You can DIY your speed sensor with simple tools and the help of YouTube videos or probably buy the sensor yourself and have a mobile mechanic install it for less than $200. I don't know about your particular vehicle but these sensors are almost always externally accessible and replaceable with simple basic wrenches and sockets. That shuddering you're feeling at 80 sounds like a tire or wheel balance issue, something you've admittedly failed to address and need to do. Tires aren't cheap, but you need them and they're way cheaper than financing + depreciation on a new vehicle.

Maintain your vehicles, it's always more expensive when you don't and you're going to end up paying for it one way or another anyway.

Believe it or not, the recalls are a good thing - it means your manufacturer is standing behind the product unlike a lot of other manufacturers who do everything to try and get out of repairing their design flaws.

>So just look up the stock price of your different holdings on that day

For publicly traded stock, you actually use the average of the high and low for the day of death - not the open/close or randomly chosen price that day.

youre at the edge of being house poor and when you add in monthly hoa fees of probably several hundred dollars that always go up along with insurance and property taxes then this isn't looking so hot unless you are someone that can really be completely aware of all your money being spent and you don't buy crap you don't need

> why dropshipping/financial gurus are a scam

I don't know if he was joking, but one of my students said they'll make a living drop-shipping and do organic marketing thru TikTok to get his links out.

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Your filing status is as of Dec 31, 2022. Thus you either filing married filing jointly or married filing separately. In most cases but not all jointly results in lower taxes.

You should be looking sell all the position now and rebalance into your current desired portfolio allocation.

You may have some capital gains tax implications but they will be much reduced due to the stepped-up basis on death.