Best credit cards to switch to?

I’m 23yo med student who currently has a DiscoverIT card (opened Jan 22) and a Southwest Rapid Rewards Visa (opened May 23). The more I look at these cards I feel that the discover cards perks (no annual fee, 1% cash back, 5% on some things, changes quarterly, only up to $75 per quarter in the 5% category) are simply not worth it. I’ve been told as a med student I should prioritize cash back as I won’t have time to travel. Any advice on what to switch to? My credit score is ~760 and I’m not against paying a decent annual fee if the benefits are worth it. Would be open to another airline/travel card but I do know I just opened that southwest card.

Should I keep my paid off car or sell it?

I moved from KY to NYC 3 years ago and I left my paid off car (2017 Toyota Rav 4 with 32k miles) back home. It was not being used ever, unless I came home to visit so recently I decided to drive the car back to NY and use it for bit then sell it. The problem is I still have to go through the title transfer (it was under my moms name), register it, insure it, and then find a place to park it in the city when not using. At this point, do you think I should’ve just kept it back home, paid the insurance on it and save it for future use or sell it and get a car when I eventually need one again?

Inheritance Vs School Loans & Investing

Hello everyone. So, putting our daughter through college I bit off way more than I could chew. I did a poor job with finances and got in way over my head to the tune of 88k in loans. I wanted her to go where she wanted and I let her. Oh well, it’s done and she’s graduated. I recently received an inheritance of 175,000. Obviously that takes care of the loans but I do wonder if there is a better way to go about paying it off? These are Direct Parent PLUS loans.

I imagine there’s no account that would pay more than what the interest on the loan would be. The monthly payments are around 1,000 a month. By the time they are paid off I will have paid almost 20k in interest. I was just wondering if there might be a way to go about asking for a lower total if I pay it all at once? The payments have been in forgiveness but start in a couple of weeks.

I have a about 30k in vehicle loans that will be getting paid off. After everything assuming there’s no way to get the college loans reduced I will have about 57k left. Luckily I keep the credit cards paid in full every month already. We also have about 3 months worth of expenses saved that we don’t touch.

Now, I do want to do some fun things for the family and there is a bathroom remodel that we need. My guesstimate is that I will have about 35k left for investing? Or lets just say 30k because we know how remodeling goes. I just don’t really have any ideas where to put it.

I do plan on speaking with a financial advisor but also looking for advice on here as well. What would you all do? Thanks for your time

Edit: Also, how do I go about choosing an advisor? I’ve no idea really who to talk to. I assume I can find someone online or should I look locally? If online any recommendations?


How should I pay off my student loan debt? 25 year old

I have about $27,000 in student loan debt from my under graduate degree. No CC debt. I am currently working and have a 65k salary (first corporate job, I’m a financial analyst). I get paid bi-weekly, approximately $4k a month. I have $30,500 in my savings just sitting there (been meaning to put into a HYSA but I didn’t know if I should pay some of my debt first). I live at home and don’t have any bills besides paying for my parents utilities ($100/month). I live in a MCOL state but have plans to move in with my partner in a HCOL area (where he is from). Should I pay my student loans in full since I have the money? Or is there a more smarter option in paying it off? I know I have the money but I’d probably feel really sad seeing my entire account at 0. But I am willing to do that if everyone agrees that’s the best idea. I just don’t really have anyone to ask for advice. I’m a first gen student who grew up low income so I’ve really been winging it. I’m really proud that I was able to get a job but I definitely don’t want my debt to follow me around. Especially if I want to make a big step in my life (moving out of my parents, in with a partner). What advice would you give? What would you do? Thank you so much

Dentist charged more than allowed amount on EOB, in-network

I needed the tooth extraction and bone graft done on two teeth. Prior to the service, dentist presented the estimate fees of $2,340 and noted that insurance would cover $264 for extraction but nothing for bone graft so patient responsibility would be $2,076.

Work was done and I paid $2,076 upfront with my HSA.

Two weeks later I received the EOB from the insurance and it stated the following:

Dentist submitted: $2,340
Negotiated fees: $1,012
Allowed amount: $1,012
Insurance paid $680.60
Patient responsibility $331.40

Insurance did appear to show negotiated fees for both extraction and bone graft so I read them as covered service. I’m unsure why the dentist claimed that bone graft would not be covered when they sent me the estimate.

Since I’m only responsible for $331.40 based on the EOB, will I be able to request for refund of$1,744.60 (=$2,076-$331.40) from my dentist? The dentist is in network.

Location: TX

Thank you in advance!

Investing advice – Inheritance via stock

Posting here hoping this community has well-rounded advice

I recently inherited ~$40k of stock in a small cap company, that is highly volatile, and is significantly down since last year.

I’m down 22% in this position since inheriting and finding myself curious if this is a long-term hold or if should wait for the next near-term peak and sell to get into a broader index? Even if the price doesn’t return to the original price when I inherited. Also considering the economy and a worst case scenario of this company going bankrupt.

All thoughts welcomed and appreciated!

My job switched form W2 to 1099. Need help!!

* How does one look for a CPA?
* Do I need to set up some corporation? I was recommended to do this…
* Who sets up this corporation? Myself? Or will the CPA do it for me?
* Should I get a CPA that is flat rate?
* Any wise tips? I’m sooo lost. I have always been a W2 employee

(I’m in the bay area in cali btw)

Buying Used and Tax Write-offs

I’m renting out my house’s additional unit and I know from my family members that I can use purchases that are going to be used for the tenant as a tax write-off. I’m a big believer in buying used, but that causes some hitches when trying to write off these purchases as most people would find it weird if you have them sign a bill of sale for purchases off FB Marketplace and Offerup.
I have two ideas for solutions but I wanted to see how ethical and/or likely they are to get me in trouble on an audit.

First (this seems a bit more far-fetched) just buy the same item new, then immediately return it and use the receipt for the item I bought used, and kept.

Second, sell the items to a friend, then immediately have them sell them back at the original purchase price, but with a bill of sale for tax documentation.
Would either of these work or do I just need to suck it up and be the weird guy showing up with a bill of sale for small items?

I have $80K for investing and I would like to make it grow well. How and what would you recommend to invest it in?

Hello everyone. I’ve started looking into what I can do to grow my money. I wanted to start investing/purchasing real estate, but I know it’s not a good time to purchase property atm. Therefore I figured making some investments in the stock market is the next best course of action.

Straight to the point:

– 38, single, and currently an E-5 with 10 years of service in the military. 10 more till retirement.

– In the High-3 system. So no TSP matching contributions.

– $55K in Roth TSP and now doing max TSP contribution since 2022. I intend to keep maxing it till I retire in 10 years. (Started late in TSP.)

– $12K 6-month Emergency Fund in High Yield Savings Account.

– I can max out my Roth IRA account to meet the max contribution limit of $6500 for 2023. I just need to read up on Fidelity, Vanguard and Schwab.

– No debts. Student and car loans are paid off. No mortgage, but if I do purchase a house it will still be covered. All monthly expenses covered which comes to $2K that includes me being able to still enjoy eating out/going to the movies/bars/shopping. I’m sure I can trim the expenses a bit more but not to the point that I’m miserable and not being able to enjoy life.

– After all that, I still have about $100 left over which I can add to an investment.

I do plan to work a federal job, if I decide to retire from military service so that I can work towards another pension. I like to think that I am on the right track in terms of setting up my retirement goals this late in the game for me.

Going back to my original question. If you had 80K saved, how and what would you do to make it grow in the next 20 years? I do understand there is risk involved in investing in the stock market. I saw my TSP lose a bit but bounced back nicely.

Where can I find myself a trust worthy financial mentor?

I would like some suggestions in finding a financial mentor/advisor who can help point me in the right direction regarding my money. I currently have around 60k in savings and end up with and $5.3k after all my expenses are paid for each month. But I really want to build some wealth. Where do I look for those mentors or how do I search for them?