Why aren’t we using Mint?
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How do y’all feel about whole life insurance through work where the premiums are really really low?
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Once you leave that specific work it doesn’t seem to stick? At least that’s what pet insurance was like
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Consumer cellular. A few of us have it and I like it.
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I find the customer service frustrating and I know some people have had trouble with the service itself.
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Consumer cellular is extremely terrible if you need to have cell phone service internationally. I was unpleasantly surprised and now need to warn people. Otherwise its great
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LOL, the last time I traveled overseas I just said to FB message me!
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not as helpful when you need 2FA for access to things
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We use US Mobile and like it. They offer plans on Verizon, AT&T, and T-Mobile networks, so you can choose the one that works best in your area. They also offer pools of data for multiple lines if you want.
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Ooh, fair. I haven’t been overseas since 2018 and things have changed. There’s always Google voice text if one plans ahead…
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Considering tello…the prices are decent and I can mix and match a little easier as far as services (although I’m looking at one line, not sure how multiple work). I’ve got a refurbished phone and a test sim on the way so in 3mo I’ll have a better idea.
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We struggled with mint and almost a year ago we switched to Xfinity. We haven’t had any of the issues we used to have on mint. Since we have our internet through them too it actually ends up being the same cost as mint, just paying month by month instead of all at once. We’ve been paying $37 per month. Eventually it will go up to $60 per month because we will run out of credits, but that hasn’t happened yet. (They gave us credits for brining our own phones)
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Since we are talking about Mint, has anyone had issues running through an unbelievable amount of data? I allegedly went through 1 GB in 24 hours when I was on WiFi and not streaming anything. The other adult I live with is very tech savvy and confirmed I don’t have a weird phone setting on that did it.
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I have never taken money out of the stock market before.
Can someone hold my hand and tell me how?
I don’t want to like, liquidate anything, but I WOULD like to have more liquid for some upcoming life changes.
I’m assuming:
- It is tax smarter to take out of brokeradge instead of IRAs
Is there a way to calculate the taxes I’ll owe for moving money?? Is it just treated like income?
I swear I used to know these things but since I’ve never actually done it before my brain is all GOO.
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Thank you to the folks who gave me Boston to NY travel advice! @darlingpants I booked the route you recommended, THANK YOU
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I took out $ from IRA recently. Assuming a traditional not ROTH IRA you’ll pay regular taxes plus an extra 10%. You may be able to get an exception on part of that for certain circumstances, such as spending more than I think 6% of your annual income on healthcare costs (not premiums I think just expenses?) and some other stuff that probably is not applicable to you.
Usually pulling it out of a brokerage is better because you already paid taxes on that so you’re just paying tax on the gains. But I haven’t quite figured out how capital gains tax works exactly but it’s been <<<< than taxes on ira withdraws.
Only exception may be if you know you’re gonna take it all out in retirement anyway and you’re making not a lot now but will be making a lot in future wothdraw years since your income tax bracket would be higher for your top dollar in higher earnings years.
Tldr either if you’re gonna use the IRA before retirement age prioritize taking it out in low income years or start doing a Roth conversion ladder in the low income years which I would have to revisit and have more time to give more advice about but I know mmm had some articles
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I think my goal will not be fucking with retirement accounts. I have a fair bit percentage wise that is not in tax advantage accounts just based on how my jobs have been.
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It may be worthwhile if you think you might need the $ to start rolling IRAs into one place if they are not in one institution but given your busy-ness and timeline that’s probably a problem for later Oro if you have basic brokerage stuff.
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There are 3 things that affect tax rate from standard brokerage accounts:
- Amount of gain (or loss). This is calculated by sale price minus original purchase price.
- How long you held the asset. If you purchased the asset more than 1 year before sale, any profit is taxed as capital gains. Otherwise, it’s taxed as ordinary income.
- Your taxable income for this year
Capital gains tax rate is 0, 15, or 20% based on your income, and is generally lower than ordinary income tax rate. So ideally you sell only assets that you bought more than a year ago.
Ideally you calculate and set aside the taxes owed as soon as you make the sale.
Your brokerage will issue a 1099 form at the end of the year too, which will have all the info needed for your next tax return.
2 additional gotchas to be aware of:
- Check if your state has an additional capital gains. If so, you’d want to set that aside too. My state is 3%.
- Check if your city or state requires estimated quarterly payments on non-w2 income. In my city, you’re required to pay quarterly and pay a small fine + interest if you wait until the end of year along with your tax return.
Does that help?
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Yes, thank you!
My income for this year is going to be stupidly low. And all the sales will be older than a year. PHEW.
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