RelishMule

RelishMule t1_iye8i5k wrote

Reply to comment by TN_REDDIT in Lump sum ROTH IRA on January 1 vs grow emergency fund from 4 to 8 months living expenses. by bobomb01

This. Roths are a great place to stash emergency fund money if you are not otherwise going to be maxing your IRA space. Just don't invest it and it will be as safe as cash and just as available. Then when you start to get more cash flow going, you can build up a cash account for your Efund and you now have more money in a taxadvataged account that you couldn't get in there otherwise.

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RelishMule t1_iy98g82 wrote

Reply to comment by bulldg4life in "You'll make more money working 3yrs at a company and then jumping to a new company negotiating a higher salary than just staying at 1 company and taking your annual raises each year" by CasualFridays047

> As a hiring manager, I would look at stuff that is less than 2 years as questionable. Especially if it is a repeated thing.

Ya, like I said, is still industry specific. Some its very common, some its still not. 2 years, does seem to be kind of a "magic number" though. Long enough that if you don't get a good bump in pay/promotion and are looking to move, you still gave that companuy the ole college try.

> If I see a resume where every single job is less than 18 months, then I start to wonder why someone can't stick it out.

Even then, if there is clear progression with each move (especially early career folks), I don't think most people will see that as not "sticking it out". If the applicant is switching jobs to advance in their career, I would go into an interview with the assumption that (a) they are working hard enough in their current role to earn that raise/promotion and (b) if there was room for them to move up into the next step at my company, they would be apt to take it if I was paying market rates for the advancement.

of course, if its all lateral moves and short term, that is a huge red flag for me as well.

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RelishMule t1_iy91fm6 wrote

Reply to comment by Longjumping-End-3892 in RV Financing - current interest rates by Longjumping-End-3892

> Why are you going up and down this thread making multiple comments about what I may or may not be able to afford?

Because you posted here asking for the advice?

> 40% DTI is with the loan.

Oh, your situation has now changed from your original post that said "My DTI is 40% currently, counting my mortgage and my student loans" which notably excludes the RV. Not sure this update would change the advice, though.

> Thanks

You are welcome!

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RelishMule t1_iy8x3ay wrote

Reply to "You'll make more money working 3yrs at a company and then jumping to a new company negotiating a higher salary than just staying at 1 company and taking your annual raises each year" by CasualFridays047

This is not a personal finance question, so maybe not the best forum for it, but...

> I on the other-hand like committing to a company.

That works out great if the company is also committed to you. Part of that committment on their end is paying you and growing your career.

> I feel like it cant look good on my resume and hiring mangers would eventually become skeptical....right?

Depends on the industry. A generation ago, you would have been correct. Now, in many sectors, its nearly the opposite and switching every few years is the norm. Might be a red flag if somebody stays at the same company for 10 years with not much growth.

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RelishMule t1_iy8spx9 wrote

Reply to comment by RecoverCurious4423 in RV Financing - current interest rates by Longjumping-End-3892

  1. Homes appreciate in value, whereas RVs depreciate. Home is a much safer loan for the bank.

  2. Your initial salary may not have been great, but you just graduated with an advanced degree into a "safe" field with a good opportunity for higher income later.

  3. Student debt is also treated much differently (and generally has lower monhtly payments over a longer period of time, so not an outsized effect on DTI)

  4. For calculating DTI, usually only the minimum payments are calculated for the consumer debt. Not always the best metric.

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RelishMule t1_iy7w3vz wrote

Reply to How can a bank make it possible for their customers to get their salary up to two days in advance? by Franck_Dernoncourt

Its basically just an interest free pay day loan. The history of (and anticipated future) direct deposits is the "collateral" here. And the banks are in a convenient place to "garnish your wages" to cover any outstanding loans and make sure they get paid back first before you spend anymore.

Honestly, it is telling and concerning that "getting your paycheck early" is even a marketing gimmick used by banks at all. If people are living not only paycheck to paycheck, but paycheck to 2 days before paycheck, that is a very dangerous cycle to be in and one that will crash eventually

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RelishMule t1_iuihitt wrote

Reply to Need some help deciding between a PPO or HDHP plan. This is my first time enrolling so it’s a bit confusing. by Mclovinshamster

If you are young and don't have any ongoing medical needs or prescriptions, I would old for the HDHP. Remember that routine doctors visits are 100% covered in any plan, so you don't pay for those at all.

Ok, so the HDHP is about $325/year cheaper in premiums. Lets say you put that savings into the HSA also. Saves you an extra about $100 in taxes. Then you factor in the employer match. You now have $600/year that you are saving towards health care.That means for any given year, if you have less than $1600 in healthcare expenses, the HDHP will be cheaper. If you have less than $600 in expenses, then you can carry over that money for use in future years making the plan even better in comparison. If you contribute more towards your HSA, value further increases due to tax savings (and not to mention potential to invest).

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RelishMule t1_iuhs91b wrote

Reply to Is a Taxable investing account right for me? by shawarmadude

How much money are you making a year? Are you self employed?

I would probably go an IRA of some variety before taxable account

> and how do i know about what taxes i'm due during the years I'm holding it without any buying or selling

If you don't buy and sell, then the only taxes you'd owe are any dividends. In any case, your brokerage will send you assorted 1099 forms shoiwng your gains/losses/dividends for the year

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RelishMule t1_iu5jloy wrote

Reply to comment by ICUpikachu in New parent tax questions - Child and dependent care credit, dependent care FSA by ckb614

> I’d also recommend to see if your provider has a DCFSA claim form that all you need to do is supply a filled out form with a signature of the provider. Literally bypasses the need for itemized receipts like you normally would need.

YMMV, but my childcare issues a receipt everytime I pay through an online portal. Don't need to go through the effort of getting something "special" signed each time. The form is nice if there isn't already something though (home based daycares come to mind)

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