Search found 12208 matches
- Wed Mar 27, 2024 10:19 pm
- Forum: Personal Investments
- Topic: Help | 85 Year Old about to Lose Home
- Replies: 25
- Views: 1946
Re: Help | 85 Year Old about to Lose Home
Could she rent a room out? Can she refi to stabilize the interest rate? Personal loan to pay off the credit card in exchange.for a share of the house?
- Tue Mar 26, 2024 1:42 pm
- Forum: Personal Finance (Not Investing)
- Topic: Need online payment capability without website
- Replies: 4
- Views: 441
Re: Need online payment capability without website
I run a similar sized nonprofit. We have used Venmo and Paypal linked to our bank account. Should work without a website as long as you have someone tracking the payments and memberships manually.
- Tue Mar 26, 2024 12:59 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity HSA Rollover - how to deposit a check?
- Replies: 4
- Views: 266
Re: Fidelity HSA Rollover - how to deposit a check?
You are allowed to roll over HSA withdrawals to another HSA account once per year, as long as you do it within 60 days. You will get a 1099 for the distribution that you will need to report, but you should get a question like, "What did you do with the distribution?" and an option to select "rolled over to another account". I believe you can deposit it in your Fidelity HSA like any ordinary check but you may want to call them to be sure.
- Mon Mar 25, 2024 6:50 pm
- Forum: Personal Finance (Not Investing)
- Topic: Dedicated Financial Computer Master Thread
- Replies: 208
- Views: 9648
Re: Dedicated Financial Computer Master Thread
I have never had a single dedicated financial computer. I do use a password manager with randomly generated passwords and 2FA enabled for anything financial. Is that enough? (shrug emoji)
- Sun Mar 24, 2024 5:54 am
- Forum: Personal Investments
- Topic: Fiduciary advisors vs not - how important do you think it is
- Replies: 33
- Views: 2271
Re: Fiduciary advisors vs not - how important do you think it is
A fiduciary will not be able to charge commissions for products they are selling. They will still try to profit from your business in any number of other ways.
- Sat Mar 23, 2024 5:01 pm
- Forum: Personal Investments
- Topic: Can I use copycat active ETF to do Tax-Loss Harvesting?
- Replies: 13
- Views: 857
Re: Can I use copycat active ETF to do Tax-Loss Harvesting?
The IRS hasn't given specific guidance as far as I know. You'd be taking a risk.
- Sat Mar 23, 2024 2:33 pm
- Forum: Personal Investments
- Topic: Dividend warning when buying
- Replies: 19
- Views: 2345
Re: Dividend warning when buying
Only problem is the dividend will be taxable. You won't "lose money" except for taxes and random market fluctuation, so if you are planning to buy you may as well do so.OuterBanks wrote: ↑Fri Mar 22, 2024 1:45 pm Vanguard gave me a warning yesterday that I was about to buy VTSAX before a dividend and that got me all worried that I might be buying at the wrong time so I decided not to buy it. I’m going to wait until Tuesday now, but is this really something I should be worried about and may lose money buying at the wrong time around a dividend?
- Fri Mar 22, 2024 6:17 am
- Forum: Personal Investments
- Topic: Thoughts about using floaters for FI
- Replies: 14
- Views: 1261
Re: Thoughts about using floaters for FI
Yes, nice juicy yields. Fed says they are lowering rates. Grab 'em while you still can.StevieG72 wrote: ↑Fri Mar 22, 2024 5:16 amYou were not alone! I was confused as well.aristotelian wrote: ↑Thu Mar 21, 2024 7:26 pm What is FI? I read this several times and have no idea what you are talking about. If you want an asset that never goes down you can always hold cash and I Bonds.
Bonds returns have recovered. Jump in, the water is fine!
- Thu Mar 21, 2024 7:26 pm
- Forum: Personal Investments
- Topic: Thoughts about using floaters for FI
- Replies: 14
- Views: 1261
Re: Thoughts about using floaters for FI
What is FI? I read this several times and have no idea what you are talking about. If you want an asset that never goes down you can always hold cash and I Bonds.
- Thu Mar 21, 2024 11:23 am
- Forum: Personal Investments
- Topic: How to PULL 4% during Market Downturn? Yield Shield?
- Replies: 36
- Views: 2186
Re: How to PULL 4% during Market Downturn? Yield Shield?
Withdraw from whatever has gone up the most or down the least. Rebalance as necessary.
- Wed Mar 20, 2024 5:31 pm
- Forum: Personal Investments
- Topic: Adding bonds/fixed income for early retirement
- Replies: 6
- Views: 789
Re: Adding bonds/fixed income for early retirement
It is most tax efficient to buy bonds in your traditional IRA/401k. When cash is needed, sell stocks in taxable account, then sell bonds and buy stocks in the IRA/401k. A total market or Treasury index fund would be a good choice
- Wed Mar 20, 2024 5:08 pm
- Forum: Personal Investments
- Topic: Best Money Market Fund right now
- Replies: 25
- Views: 4799
Re: Best Money Market Fund right now
Vanguard typically has the cheapest expense/highest yield relative to Schwab and Fidelity competitors. However it is usually just a few basis points so probably not a big enough difference if you are already at one of the others and satisfied with their other products
- Wed Mar 20, 2024 3:23 pm
- Forum: Personal Finance (Not Investing)
- Topic: The best game-changing financial advice you ever received (or "discovered")
- Replies: 219
- Views: 25604
Re: The best game-changing financial advice you ever received (or "discovered")
This thread was close to a gamechanger for me. I've been maxing my 401k ever since.
viewtopic.php?t=87471
viewtopic.php?t=87471
- Wed Mar 20, 2024 11:31 am
- Forum: Personal Investments
- Topic: Dividend shock: Help me reduce dividends
- Replies: 30
- Views: 4029
Re: Dividend shock: Help me reduce dividends
My sense is that stock dividends haven't changed nearly as much interest rates. Get rid of bonds, money market, and CD's in the taxable account. Then at least your dividends will be qualified.
IVLU might be one to sell if you don't have too much in gains.
IVLU might be one to sell if you don't have too much in gains.
- Wed Mar 20, 2024 9:15 am
- Forum: Personal Investments
- Topic: What to sell to produce income for retirement?
- Replies: 13
- Views: 1737
Re: What to sell to produce income for retirement?
The simple answer is whatever you have available at minimal tax cost. Regardless of what you have sold in your taxable account, you can then rebalance your retirement accounts to your target allocation.
- Sat Mar 16, 2024 1:41 pm
- Forum: Personal Finance (Not Investing)
- Topic: Reevaluating social security
- Replies: 49
- Views: 4601
Re: Reevaluating social security
It's a pretty common strategy for the lower earner to claim early. I always forget the reason but it's almost always advantageous if the goal is to maximize dollars from SS. If you are also considering tax or longevity risk, you may still want to wait.
- Sat Mar 16, 2024 11:52 am
- Forum: Personal Investments
- Topic: Good Brokerage Platform that is secured
- Replies: 13
- Views: 1379
Re: Good Brokerage Platform that is secured
Correct, purchasing with unsettled funds is no problem but you can get a trading violation if you sell the new ETF right after buying it (this has happened to me at Schwab during some chaotic tax loss harvesting).steadyosmosis wrote: ↑Sat Mar 16, 2024 11:32 amI've been at Schwab more than 10 years.
I rebalance frequently, by selling an ETF(s), then within 30 seconds use those dollars to buy some other ETF(s).
- Sat Mar 16, 2024 7:16 am
- Forum: Personal Finance (Not Investing)
- Topic: “Bellys” on sewer scope for new house
- Replies: 41
- Views: 2553
Re: HVAC 30 years old on house under contract
Couldn't hurt to ask but when purchasing an older home I would always expect everything in it to be old.
- Sat Mar 16, 2024 6:38 am
- Forum: Personal Investments
- Topic: Good Brokerage Platform that is secured
- Replies: 13
- Views: 1379
Re: Good Brokerage Platform that is secured
I have had nothing but positive experience with Schwab. I think you will find it very comparable to TD. If for some reason you don't like it, I would also recommend Fidelity and Merrill Edge. One perk that sets Fidelity and Schwab apart is the ATM card with no fees anywhere in the world. Vanguard and Fidelity give you the ability to set your sweep account to a money market fund with premium interest. Fidelity gives you the best of both worlds... But Schwab is excellent as well. For a few times I do make a trade, I want to be able to access the fund immediately. Otherwise, it is a sell, wait for two business days, and buy. Schwab doesn’t allow trades in Roll-Over IRA similar to Vanguard’s free ride restriction but Schwab’s brokerage account...
- Fri Mar 15, 2024 10:45 pm
- Forum: Personal Investments
- Topic: Good Brokerage Platform that is secured
- Replies: 13
- Views: 1379
Re: Good Brokerage Platform that is secured
I have had nothing but positive experience with Schwab. I think you will find it very comparable to TD. If for some reason you don't like it, I would also recommend Fidelity and Merrill Edge. One perk that sets Fidelity and Schwab apart is the ATM card with no fees anywhere in the world. Vanguard and Fidelity give you the ability to set your sweep account to a money market fund with premium interest. Fidelity gives you the best of both worlds... But Schwab is excellent as well.
- Fri Mar 15, 2024 9:18 pm
- Forum: Personal Investments
- Topic: Planning Parents' Retirement strategy
- Replies: 9
- Views: 1424
Re: Planning Parents' Retirement strategy
Sorry, for some reason I thought you were talking about contributions. Correct, no income requirement for conversionskkkhhh wrote: ↑Fri Mar 15, 2024 6:56 pmFrom my read of articles like this - the conversion from IRA to Roth IRA doesn't have a cap or ties to income. I understand the part on the conversions now - in theory, they probably won't need to touch the money until after the 5 year period anyway, but good to know they can if needed.aristotelian wrote: ↑Fri Mar 15, 2024 4:58 pm If their income is from pension and SS I don't see how they would qualify for Roth IRA. (If they do qualify, they would be eligible for catch-up contributions, so $8k each).
https://smartasset.com/retirement/12-mi ... 0k-to-roth
- Fri Mar 15, 2024 4:58 pm
- Forum: Personal Investments
- Topic: Planning Parents' Retirement strategy
- Replies: 9
- Views: 1424
Re: Planning Parents' Retirement strategy
If their income is from pension and SS I don't see how they would qualify for Roth IRA. (If they do qualify, they would be eligible for catch-up contributions, so $8k each).
- Fri Mar 15, 2024 4:21 pm
- Forum: Personal Investments
- Topic: What should I do with a deferred annuity?
- Replies: 15
- Views: 1415
Re: What should I do with a deferred annuity?
I'd ditch it unless for some reason you expect your tax bracket to go up in the future.
- Fri Mar 15, 2024 7:05 am
- Forum: Personal Finance (Not Investing)
- Topic: How much should I leave to nieces/nephews vs. siblings vs. charity I'm passionate about?
- Replies: 66
- Views: 5587
Re: How much should I leave to nieces/nephews vs. siblings vs. charity I'm passionate about?
I am giving almost everything to charity. I already told them this as they had a lot of help from me growing up and I believe that they are well positioned in life. I would revisit this if something significant happened. If they were spending their life focused on low paying but high social impact work I might do more but as it is a very low 5 figure inheritance is in my will. I don't believe in generational wealth and think they my heirs should be able to make their own way in life (as they have had the opportunity to build a solid foundation). I think there is a ton more impact to have from giving to charity. You can decide how much is a need vs nice-to-have. Especially for nieces and nephews I don't think they should be expecting much e...
- Fri Mar 15, 2024 6:41 am
- Forum: Personal Investments
- Topic: Liquid cash for 5year horizon at 5% apy
- Replies: 16
- Views: 1651
Re: Liquid cash for 5year horizon at 5% apy
The Fed expects to start lowering rates and the market knows this. I don't see anywhere you are going to be able to lock on >5% with no credit risk.
- Thu Mar 14, 2024 8:54 pm
- Forum: Personal Finance (Not Investing)
- Topic: Inherited Stretch Annuity?
- Replies: 14
- Views: 1158
Re: Inherited Stretch Annuity?
Sounds like an inherited IRA. Prior to the new 10 year rule, you could take RMDs stretches over your lifetime. Based on their age, kids would have to take out less than 2% allowing the account to grow. However, it is probably not smart to let it keep growing or it will turn into a tax bomb as they get older. As soon as they are no longer paying kiddie tax they should start making larger withdrawals.
- Thu Mar 14, 2024 4:00 pm
- Forum: Personal Investments
- Topic: Check my work: Taking over management of my parent's portfolio
- Replies: 23
- Views: 3295
Re: Check my work: Taking over management of my parent's portfolio
I would consider some Roth conversions. How much depends on how much room they have in their current tax bracket.
- Thu Mar 14, 2024 3:16 pm
- Forum: Personal Finance (Not Investing)
- Topic: Divorce and co mingling asset question
- Replies: 49
- Views: 6984
Re: Divorce and co mingling asset question
Is it going to be an amicable divorce? If you can come to an agreement about it the documentation and such won't be necessary.
Either way, what you are entitled to and how to prove it is a question for your attorney.
Either way, what you are entitled to and how to prove it is a question for your attorney.
- Thu Mar 14, 2024 6:42 am
- Forum: Personal Investments
- Topic: Reducing Large Inherited Holding of a Single Stock
- Replies: 18
- Views: 2039
Re: Reducing Large Inherited Holding of a Single Stock
I would develop a.plan to sell over 3-4 years while minimizing the tax cost. That will depend on the amount of the gains and how much room you have in your tax bracket. A bad earnings report can do much more than 15% worth of damage to your stock so you do not want tax efficiency to drive your risk exposure.
- Thu Mar 14, 2024 6:34 am
- Forum: Personal Finance (Not Investing)
- Topic: College degree worthwhile for marketing?
- Replies: 124
- Views: 8479
Re: College degree worthwhile for marketing?
I think you are right but she may need to learn the hard way. Could she take a leave for a year or so while maintaining her standing at school?
- Wed Mar 13, 2024 10:01 pm
- Forum: Personal Investments
- Topic: How to use Google 401k for 2-3 fund portfolio
- Replies: 63
- Views: 6438
Re: Google 401k choices shockingly bad
What is wrong with those choices? Those appear to be excellent funds.
- Wed Mar 13, 2024 3:11 pm
- Forum: Personal Investments
- Topic: Anyone buying a portfolio of corporate bonds instead of Treasuries?
- Replies: 10
- Views: 1073
Re: Anyone buying a portfolio of corporate bonds instead of Treasuries?
I have a small basket of stocks I have invested in over the years when they were severely underpriced. It turns out that the bonds of these companies are now underpriced and trading as low as 80 cents on the dollar. This is due to two intertwined reasons: i) Treasuries yield 5+% now and ii) As these companies are investment grade their coupon was 4.5% I'm not asking for actual bonds to invest in (though suggestions are welcome), rather the mechanics and pitfalls of investing into corporate bonds. I can buy them in my Vanguard brokerage account easy enough but I've never actually bought a corporate bond before. They are not "under priced" in the sense that you are getting better than a market rate. They have lost value due interes...
- Wed Mar 13, 2024 2:32 pm
- Forum: Personal Finance (Not Investing)
- Topic: Schedule D -- Turbotax Premier
- Replies: 21
- Views: 1783
Re: Schedule D -- Turbotax Premier
You can do it in Deluxe.
- Wed Mar 13, 2024 6:45 am
- Forum: Personal Investments
- Topic: Managed Account Performance over last 5 years
- Replies: 15
- Views: 1567
Re: Managed Account Performance over last 5 years
Compared to what benchmark? Obviously a managed account will underperform the same investments managed yourself by the amount of the fees.
- Wed Mar 13, 2024 6:30 am
- Forum: Personal Investments
- Topic: Inherited IRA Phase 2
- Replies: 1
- Views: 308
Re: Inherited IRA Phase 2
You will not be able to do a direct conversion. There should be an option to sell the funds. You can then use the cash to buy Vanguard funds at your desired allocation.
- Wed Mar 13, 2024 6:21 am
- Forum: Personal Investments
- Topic: Untangling Mom's finances - Non-Qualified Annuity
- Replies: 13
- Views: 1268
Re: Untangling Mom's finances - Non-Qualified Annuity
aristotelian - thank you! the original cost of the annuity was $50,000 and there has been no other payments into it. Stinky - thank you for the easy to understand breakdown! I am 99.9% certain this IS a variable annuity. [*]the plan she has is Voya Marathon Plus [*]the Death Benefit is "Step-Up Marathon Plus Death Benefit" A quick glance at the .pdf plan document shows that her death benefit is going to be the value of the account (I think!). As mentioned above, the annuity was funded with an initial $50000 and never had any other payment made into it. snic - thank you for the valuable advice! I don't have confidence in this FA and after I check through everything I am hoping that perhaps we can just liquidate this annuity as rec...
- Tue Mar 12, 2024 2:42 pm
- Forum: Personal Investments
- Topic: Poor Publix employee seeking 401k investment advice - no longer have Publix stock
- Replies: 296
- Views: 29284
Re: Poor Publix employee seeking 401k investment advice - no longer have Publix stock
I'd rather have $10,800 of a diversified index fund instead of Public stock.ralphboy wrote: ↑Tue Mar 12, 2024 2:19 pm I'm considering selling my Publix stock. I believe I purchased $7500 worth and it's now valued at $10,800. If I sell it, I'll buy more of my target date fund in my roth account (FDEWX). I maxed out my roth account this year so it would be in SPAXX (fidelity gov. money market fund) in my brokerage account until next year.
If you don't need cash in your emergency account, why not start buying a target date or S&P500 in your taxable account now? You have until April of 2026 to make your 2025 contribution.
- Tue Mar 12, 2024 2:34 pm
- Forum: Personal Investments
- Topic: Untangling Mom's finances - Non-Qualified Annuity
- Replies: 13
- Views: 1268
Re: Untangling Mom's finances - Non-Qualified Annuity
Do you know the original cost of the annuity? I'd be inclined to withdraw it unless doing so would push her into a higher tax bracket. Otherwise it is a tax bomb that will continue to grow. My mom has one as well but her advisor keeps talking her into keeping it, surprise, surprise.
- Tue Mar 12, 2024 9:48 am
- Forum: Personal Investments
- Topic: Financial Advisor says my portfolio is akin to a retiree at age 34
- Replies: 80
- Views: 8327
Re: Financial Advisor says my portfolio is akin to a retiree at age 34
If that is the case the advisor is even more off base.student wrote: ↑Tue Mar 12, 2024 8:43 amI think the cash is for a down payment. Given that it is already at $200k, I assume that he/she will buy a house within the next few year. So it seems quite appropriate to keep the money in cash.aristotelian wrote: ↑Tue Mar 12, 2024 8:37 am Looks like you have perhaps 25-30% in cash or bonds. That's a little conservative but not overly so. I do not think it is the job of an advisor to pressure a client into taking more risk. They should tell you the pros and cons of doing so but support you in making the choice.
- Tue Mar 12, 2024 8:37 am
- Forum: Personal Investments
- Topic: Financial Advisor says my portfolio is akin to a retiree at age 34
- Replies: 80
- Views: 8327
Re: Financial Advisor says my portfolio is akin to a retiree at age 34
Looks like you have perhaps 25-30% in cash or bonds. That's a little conservative but not overly so. I do not think it is the job of an advisor to pressure a client into taking more risk. They should tell you the pros and cons of doing so but support you in making the choice.
- Tue Mar 12, 2024 8:16 am
- Forum: Personal Investments
- Topic: How is a broker going to make money off me?
- Replies: 62
- Views: 6056
Re: How is a broker going to make money off me?
They do not need to profit from each client individually in order to make the whole platform profitable. If they are attracting millions of clients to their platform, they could make a big profit from just a few big clients buying the more expensive products. Some examples: asset management, managed funds and portfolios, and annuities.
Also if they are skimming a tiny percentage from each of the millions, that can also add up to big profits. Some examples: interest they earn on uninvested cash, expense ratio of money market funds, securities lending, margin lending.
Also if they are skimming a tiny percentage from each of the millions, that can also add up to big profits. Some examples: interest they earn on uninvested cash, expense ratio of money market funds, securities lending, margin lending.
- Mon Mar 11, 2024 9:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: Preparing for Marriage
- Replies: 47
- Views: 4816
Re: Preparing for Marriage
401k and SIMPLE are employer plans. Probably nothing can be done there short of seeking new employment.
- Mon Mar 11, 2024 8:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: Father died and I'm totally overwhelmed on what to do
- Replies: 58
- Views: 11292
Re: Father died and I'm totally overwhelmed on what to do
Regarding property title, that should be available online through your county property search. That will also tell you the property taxes.
- Mon Mar 11, 2024 8:31 pm
- Forum: Personal Finance (Not Investing)
- Topic: What's your primary credit card?
- Replies: 117
- Views: 10619
Re: What's your primary credit card?
Unless I missed it, no one has mentioned B of A Travel Rewards, 2.625% cash back on everything with Platinum tier.
Other cards in the mix are Cap One Quicksilver Rewards (no foreign transaction fees) for travel and Comenity AAA Daily Advantage for groceries (5% back).
Other cards in the mix are Cap One Quicksilver Rewards (no foreign transaction fees) for travel and Comenity AAA Daily Advantage for groceries (5% back).
- Mon Mar 11, 2024 8:19 pm
- Forum: Personal Investments
- Topic: SS is insufficient, very little savings, what's the best option
- Replies: 49
- Views: 7956
Re: SS is insufficient, very little savings, what's the best option
How much is their working income and how much are they spending vs saving annually?
I agree with above, they should just save in cash to have for an emergency fund should they encounter a big home maintenance expense.
I agree, ultimately it sounds like the house is more than they can afford.
Once they have a comfortable cushion they can invest in Roth IRAs.
I agree with above, they should just save in cash to have for an emergency fund should they encounter a big home maintenance expense.
I agree, ultimately it sounds like the house is more than they can afford.
Once they have a comfortable cushion they can invest in Roth IRAs.
- Mon Mar 11, 2024 3:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: Annual expense to live upper middle class lifestyle in suburban Midwest
- Replies: 20
- Views: 2449
Re: Expense to live upper middle class lifestyle in suburban Midwest
We live in the midwest but in a smaller house driving 7-15 year old cars. I haven't followed our spending too closely lately. I would put our spending around $70k but that is without any mortgage payment. This is with two pets and two kids. Utilities and taxes are pretty high relative to the state in our town.
- Mon Mar 11, 2024 3:14 pm
- Forum: Personal Finance (Not Investing)
- Topic: Roth IRA Excess Contributions - how to enter earnings on taxes
- Replies: 13
- Views: 912
Re: Roth IRA Excess Contributions - how to enter earnings on taxes
Never heard of a fake 1099R. Won't this create problems when there is a 1099R issued with a date in 2024?toddthebod wrote: ↑Sun Mar 10, 2024 7:38 pm You are correct that your 1099-R will come next year, but you need to report the earnings this year. You likely just need to enter a fake 1099-R.
I believe when I have done this there is an option to check a box stating that the overcontribution was corrected in 2023, and then you report the distribution in 2024.
- Mon Mar 11, 2024 2:55 pm
- Forum: Personal Investments
- Topic: Reducing risk and increasing diversification as we approach retirement
- Replies: 7
- Views: 693
Re: Reducing risk and increasing diversity as we approach retirement
I like your proposed allocation. We are also around 70/30 with a mix of nominal and TIPS bond funds. I would do it all at once, especially since the market is at or near all time highs so you aren't locking in any losses. You should always stick with your chosen allocation, but in the absence of a clear investment policy, now is as good a time as any to take some losses (EDIT gains) off the table and commit to your new allocation.
- Mon Mar 11, 2024 1:32 pm
- Forum: Personal Investments
- Topic: The classic dilemma between income and growth... Where should I be?
- Replies: 40
- Views: 2449
Re: The classic dilemma between income and growth... Where should I be?
You have a very long timeframe for your retirement. If you will be withdrawing anything close to 4% annually, you need a heavy stock allocation to stay ahead of inflation. 100% stock has historically had a higher success rate despite the higher volatility.
https://earlyretirementnow.com/2016/12/ ... t-1-intro/
If you desire lower volatility, you will need to reduce your withdrawal rate because you will have a large portion of your portfolio with a lower expected return.
https://earlyretirementnow.com/2016/12/ ... t-1-intro/
If you desire lower volatility, you will need to reduce your withdrawal rate because you will have a large portion of your portfolio with a lower expected return.
- Mon Mar 11, 2024 6:51 am
- Forum: Personal Finance (Not Investing)
- Topic: How Much Cash Do You Keep In Your Home?
- Replies: 207
- Views: 15481
Re: How Much Cash Do You Keep In Your Home?
Hopefully you have more assets than paper currencies backed up by nothing more than government fiat for those just in case scenarios?syc wrote: ↑Sun Mar 10, 2024 8:53 pm There is plenty of political instability in the world, and it would be naive to think that the US is immune. A wise friend of mine once said, "The only things you truly own are whatever you can carry in your two arms at a dead run." Hence I keep some cash, in a few different currencies.
We usually have under $100. Main use case is tickets to kids basketball games, although our school takes Venmo