1. Yes.

2. IRA means individual. You can open one wherever you want. Limits here don't cross with 401k.

Ok.

Do you have any evidence that the water bubbler was actually picked up?

[deleted]

What does this comment have to do with the post? Obviously it won't affect you if you are making 260k a year....

I hate long commutes, so to me the pay increase and commute cancel eachother out. What other factors are there? Is this a good move for your career progression? That would be reason enough to take it imo. 45 min isn’t far enough to move out of your parents house, otherwise you spend the difference on rent. However, even then - what other factors? Are you excited for the new role?

well yeah, it obviously won't affect you if you earn that much and are single with no kids.

Not to me. 230 miles a week, 7.5 hours of commuting. Idk what you drive so raw fuel costs would vary. Thinking about it as nearly 400 hours of driving a year you aren't doing now sounds sucktacular.

My dad was offered a 50 year mortgage when he purchased his current condo. (Midwest US in the early 2000s.

Note he was 65 at the time.

What do you think is a reasonable rate of return for a no risk investment?

Yes. Unrelated accounts and maximums.

Exactly. In my state (Utah), the minimum wage is also $7.25 (I think), but most "minimum wage" jobs are $10-12/hr starting. That's just how the labor market is these days.

> Meanwhile, the minimum wage here is still $7.25

I don't know about your area, but mine (Utah) has a similar (same?) minimum wage and pretty much nobody actually makes that wage, almost everyone is >$10/hr at "minimum" wage jobs. Places are still understaffed and having to raise prices so they can afford to pay higher wages because the labor supply just isn't there.

It's still bad, looking at minimum wage isn't particularly helpful.

You may find these links helpful:

• 401(k) Fund Selection Guide
• 401(k) FAQs
• "How to handle $"

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

It hasn't affected me at all. I am single, no kids and never plan to have one or get married. Live in a HCOL area, earned 262k last year, 192k AGI as I managed to put 50k into my retirement, around another 50k in savings, have 170k that I will use towards a down payment on a condo... here in Los Angeles condos are like 600k minimum.

I don't feel affected by prices/inflation at all. I am self employed though and my income is only affected by my direct efforts, I don't depend on wages.

Thanks for the reply.

I understand the standard two year rule. What I'm referring to are the unforeseen circumstances safe harbor that allows you to sell your house before two years and partially claim the capital gains exemption.

I've read online that a new job qualifies as an unforeseen circumstance, so I'm trying to understand if starting your own business similarly qualifies.

Pa checking in with a 7.25 minimum wage too! Feeling the hurt myself, been laid off since late august, with a solid resume, skill set and industry. Apply for about 100 jobs a week. Had my first interviews this month since October…got rejected on one, ghosted on 2 and the 4th decided to not hire for the position…

As someone who recently started a higher paying job with a better company and with better co-workers entirely because of relationships I’d built over the past ≈15 years, I second this advice.

[deleted]

The 'new job' exclusion isn't very clear about self employment but does mention you must move so that your place of work is >50 miles FURTHER than your old commute. If your work was regionally tied then you have a shot but if you're WFH then that would be questionable to me.

It's not entirely too hard to justify a partial exclusion using any of the numerous outs in IRS Publication 523.

The particular situation you speak of isn't outlined but would fall under 'other facts and circumstances' to me if you would have experienced hardship without the move based on circumstances you couldn't have reasonably foreseen. Maybe you have an inlaw with health concerns that would fit elsewhere too. Worth a call to a tax expert if you're treading lightly.

Alternatively waiting until october wouldn't be hard given it's likely 12 weeks from listing to closing in even the most ambitious timeline right now.

[removed]

[removed]

Looks like I am the minority but that commute sounds brutal. I would be happy with that much time in the car. I think people underestimate the impact of a long commute.

Congratulations. Take at least a minute to appreciate the progress you've made so far.

[removed]

I've held different accounts with Ally and so far so good. Their rates are on par with other online savings accounts.

Their MM rates are usually better than their Savings, comes with a debit card and it's much easier to access your cash in an emergency.

I'd suggest opening both, putting emergency funds in the MM and down payment funds in the Savings. Set up an auto transfer from your regular checking so that money disappears from your regular spending and consideration.

Regarding the CDs, if you truly plan to never touch them until maturity, go with whatever has the highest rate. Or you can ladder different CD maturity dates so some money will become available throughout the next X months or years. Then you can decide which terms and process you like better.

Personally, I'm dithering on locking a chunk of savings into the 18 month 5% CD now or wait to see if rates rise in May or June. Maybe both.