Inflation in US is somewhere between 5-6%. That's hardly hyperinflation.

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Were you hit by a Municipal vehicle? (police car, county plow truck, ambulance etc)

In some cases, Municipalities (town/county/state) are exempt from liability and you do indeed have to go through your own insurance, while they pay your deductible & rental if you do not have that coverage on your own policy. That was my first thought reading this question.

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I wasn’t being clear; apologies! Other commenters were also confused, so I edited the post for clarity.

Thank you all, I've just been fed misinformation

I don’t know enough to understand how sustainable the current growth is. How do I research this subject?

Yes, we are planning to stay in the community long term.

Makes more sense, sorry for misunderstanding

Basically you can't really make a mistake here. 5% cd is pretty good. Personally If it's some fixed income like this I like to have the ability to take it out whenever so I have a pretty large amount in money market funds. Basically cash sitting in an brokerage account making 4.5%.

It was Optum which is complete garbage. Now it's at a local credit union. We've never paid any fees when we've moved HSA money from either. No extra was withdrawn and the full amount was deposited into Fidelity.

I'm actually shocked Optum didn't hit us with a fee because they are so bad. They did hit us with a fee when we pulled the money when we totally closed the account.

Ah thanks! I didn’t realize my district had other options.

thank you!

https://support.taxslayer.com/hc/en-us/articles/4410123583373-How-do-I-Report-a-Worthless-Stock-

We did this with our kid for years, including after-school programs as they got older.

During that time, my employer changed plan providers at least three times.

One made it easy, with a debit card that we would use for payment, others required we scan and submit receipts, and we would get reimbursed, either by direct deposit or a paper check.

There's no downside.

I didn't get any 1099-b. Only thing I heard was a note saying "As such, no proceeds will be available for any holders of preferred stock or common stock."

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Is there a 1099-b issued for startup equity as well?

Thanks! I started off my ROTH already it seemed like i. 2021 and I had about $17 extra already which isn't that bad. I've decided to kick off the start to saving smarter now. Appreciate the kind words also, I'm excited to start.

I found a couple 14 or 18 month CDs for 5%. Will also be opening a HYS for the rest of my savings, should I put it all in one bucket instead? Don’t need the money for the foreseeable future, no big purchases or anything down the pipeline. Haven’t touched the money in the 5+ years I’ve had it (bad I know I could’ve been making money on it)

Start here: https://www.reddit.com/r/personalfinance/wiki/commontopics

Purpose drives options.

Come up with a purpose for those funds and you’ll get better advice

Thanks, I actually looked into Marcus as a HYS and I was also able to get a refer code to get it to 4.5x for a few months then back to 3.5x.

You're actually right, there's no need to have that much money sitting in a regular savings when it could be somewhere else. I've also maxed out my IRA for the year - thanks for the tips!

Yes correct, will rent the new house.

Our thinking is that buy the house now and rent it out. If things go wrong with my work, we have something to fall in to.

You can withdraw your contributions at any time without penalty.

If, for example, your contributions to your Roth IRA totaled $5k and its value has grown to $9k, you can withdraw up to $5k whenever you want.

You can't put it back in again later — you're still limited to the annual contribution amount allowed. But you can take it out anytime.

Did you realize the loss?

Did you get a 1099-b?

Right. It's not 'in lieu of' but rather in addition to.

OP is going to be paying $190/month for protection from his most likey avenue of liability (the car) but in my instance for $15/month I get $1M of additional protection that follows me around in the car or in a borrowed car or in a rental car or walking my dog or anything I do without malice/criminal intent. For OP to get their hands on an extra quarter million would be peanuts just in case someone decides 'hey, OP has some bucks let's pull some stuff'.

I need to carry 300/500/300 insurance but it sounds like that's what op is describing.

Don’t really have a purpose I guess. It’s just been sitting in a regular savings account making nothing and I know I should be doing something with it!

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