Leading-Hat7789 t1_iyati9e wrote on November 30, 2022 at 12:46 AM

Reply to comment by seriousgainz in Should I do backdoor roth IRA? by seriousgainz

Oh vanguard makes it very easy. Here is a step by step for the ira conversion:

https://www.physicianonfire.com/backdoor/

Leading-Hat7789 t1_iyat2hl wrote on November 30, 2022 at 12:43 AM

Reply to comment by messfree in Previous employer sent me to collections for overdrawn PTO by messfree

You can ask the collections people to send you proof via certified mail.

However, I don’t think how much you pay matters for your credit score. You might get lucky and it is never reported. If it is reported, you want to start the clock for having it fall off. I’m not an expert, but credit karma has a good article: https://www.creditkarma.com/advice/i/accounts-in-collections

Leading-Hat7789 t1_iy9st8j wrote on November 29, 2022 at 8:34 PM

Reply to Should I do backdoor roth IRA? by seriousgainz

Short Answer…yes. It’s not just the money. Depending on your state, a Roth has more protections. Also, these accounts don’t count in situations where your wealth is important - like the FAFSA. However, find a broker that does these well.

Leading-Hat7789 t1_iy97m0b wrote on November 29, 2022 at 6:18 PM

Reply to Started working two years ago — how much savings/income should I strive for to afford an expensive house within the next five years without being "house poor"? by makes-more-sense

A good general rule is to payoff all debt and max out retirement (back door and mega back door included) and HSA first. Then save 25% of your “take home” (non-retirement) pay. After 5 years, you should be able to comfortably spend 5x your non retirement savings. The total should include home price + improvement.

Leading-Hat7789 t1_iy95pan wrote on November 29, 2022 at 6:05 PM

Reply to Previous employer sent me to collections for overdrawn PTO by messfree

Verify with CA that they sent the debt to collections. Try to understand why. Negotiate the amount down with the debt collector then get an a signed agreement on payoff.

If you want to be punitive, call/email CA about this several times. Make sure it costs then time and money to deal with you. Hopefully, they won’t do this with next employee.

Leading-Hat7789 t1_iy7m0oi wrote on November 29, 2022 at 10:04 AM

Reply to comment by shhoooop in Stopping contributions to IRA/401k to save for downpayment? by badboyzpwns

There are always exceptions to the rule, but this flow chart is almost always the best decision.

Leading-Hat7789 t1_iy7ki6x wrote on November 29, 2022 at 9:41 AM

Reply to Started saving for retirement this year-- my "historical returns" YTD say -8.97%, why am I putting this money here instead of a high yield savings account? by Lobster_osity

In times like these, just remember the simple etf SPY returned like 400% from 2000 to 2020. And that was just price appreciation and does not include dividends. We had several market crashes during that period as well.

Leading-Hat7789 t1_iy5jqrs wrote on November 28, 2022 at 10:21 PM

Reply to A job interview ended because I refused to tell them what my current salary was and what my salary expectations were. Is this normal? by RepresentativeError8

I’ve been on both sides of the table. For me, I always offer my current salary. There is no need to go through the whole interview process is salary expectations are not in line. Also, it seems oddly evasive if hiding your salary expectations is not done properly. If you are planning not to share, have a well-rehearsed reason for why not.