Hello,

My 401k uses target-date funds. The plan is to retire at 55, which would be 2044. I know I won't be able to use my 401k money until 59.5 (2049). Do I set my target-date funds for 2049 or 2044? I'm assuming you set them closes to the year you will be withdrawing them?

I suppose this completely changes if I use Rule 55 and withdraw early. I guess that's something to consider too.

Thanks!

DINK, mid 30's living in MCOL area. Currently living in a small starter home but would like to move into a nicer area. We are pretty introverted and frugal and our home is our sanctuary. Our ideal home would have a finished basement/separate guest suite (for parents who like to visit), large 3 car garage (partner loves to work on cars), screened in patio, large kitchen for entertaining (we love to cook). A house like this in this area would be around $1m.

If we sell our current home, we would net $250k which would allow us to have the downpayment.

Current household income is $265k in specialized careers (healthcare). No plans for kids. No debt aside from mortgage. EF fund is $25k but we would plan on increasing to $50k prior to this house purchase.

Monthly income post tax: $12.2k (after maxing out 401k)

With 20% down payment, our monthly payment for a 1m house is around $5500 with taxes, insurance included with current interest rates.

Estimated new mortgage payment: ~$5500 (current mortgage + utilities is $2k)

Utilities: ~$400

Food/eating out: $800

Cell phones: $150

Gas: $80

Pet expenses: $100

Subscriptions: $50

Car insurance: $150

Other (sinking funds, travel, gifts): $1250

Leftover: $3720

Currently have $1 mil invested in retirement.

Would this house purchase make us house poor? Should we consider saving up for a larger down payment? Thoughts?

I’m currently living in Delaware and trying to relocate to Arizona for a job opportunity, but I’m having trouble figuring out how to cover the initial expenses.

I’ve been unemployed for close to a year and have been actively looking for work. I’ve only gotten two interviews during that time, and unfortunately, I was denied both times due to competition. My credit score is over 700 though, and I don’t have any monthly debt payments.

I’ve completed the required paperwork and drug testing, and the employer has told me I’m good to start once I arrive in Arizona. The problem is that I haven’t started working yet, so I don’t have recent paystubs to prove my new income.

I’ve been doing side jobs to help get me by that doesn’t make enough. I’m trying to borrow around 2,000 to help cover my relocation and initial living expenses while I get settled and wait for my first paycheck.

I’m not looking to borrow a large amount or take on unnecessary debt. I just need a little help getting through the transition until I start earning a regular paycheck.

Are there any legitimate lenders that might consider a signed job offer letter instead of current paystubs?

Has anyone successfully gotten a personal loan before starting a new job?

Are there other realistic options for borrowing around 2,000 in my circumstances?

I’d appreciate honest advice, especially from anyone who’s been in a similar situation. I’m trying to make this move work as the job is patiently waiting for me to arrive.

My girlfriend lives in AZ but she can’t move me in due to circumstances, which is fine but she’s battling mental health and needs me there so the sooner the better.

Thanks !

For context I’m 21 years old and I currently live at home with my dad

Now I’m well aware of how dumb it might have been to dig myself into this hole but that’s not what I’m I’m here for, I’d like some advice on what the best ways to go about this would be

I currently own a 2016 Honda civic financed 10k remaining 277 a month @ 10% interest

4 credit cards

1 bofa 350

2 capital one 1000 0% interest until February

3 chase 1900 0% interest until December 2027

4 citi. 800 0% interest until December 2027

I was very dumb and had received a refund back a year ago from school and decided to use that on a 1999 Lexus ls400 with 156k miles for 5900$ and I also invested 3000$ in preventative maintenance

The car has been good to me besides the power steering not working and a few electrical issues with some of the inside controls

I have a offer tomorrow to sell it for 4750 which is obviously a huge loss for me and I really do enjoy the car but the smart in me thinks that it could be potentially a big money pit

In my checkings account I have 40k and after I sold it I would be at 44750 but with all my debt

I don’t pay many bills thankfully only my insurance right now which is 244 and then of course all the credit cards etc

I only make 1900 a month from my little fast food job

What would you guys do in my situation sell the Lexus and pay off all my debt or keep the lexus and continue to slowly pay things off as well as put money away for unexpected car repairs