You might be able to call them and ask to be removed. If that won't work, ask your dad to do it.

Which business card is this that is actually reporting? While a few do, most don't.

Edit: Typo

Unless they are a dependent under your plan, it would be a non-qualified distribution and would come with taxes and penalties.

Haha, we will see about that. In the game of life when it comes to that, I am much, much farther behind.

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If I wait my credit will get messed up/I won’t be able to go anywhere because my credit card is almost maxed out and I wont be able to get an internship this year. I am looking for a job and paying for my loan will be my first task with my money. It’s subsidized so interest isn’t charged until after I graduate and I’m paying it off before I graduate. I don’t graduate until 2025. I just started school. It’s only a two year program so I don’t have a lot of time to build my resume.

So here is where I am greatly inexperienced. Online it says my "annualized rate of return" is 0.55% (I believe this was honestly negative last time I checked) & that 100% is in "American Funds 2060 Trgt Date Retire R6"

I have no idea what this means nor do I believe I ever selected anything when I set this up, maybe it was just the default?

It is going to maintain exactly the same balance type. Roth to Roth rollover follows a simple rule: Every type of balance keeps its own identity. Roth 401k contributions become Roth IRA contributions. Roth 401k conversions (such as megabackdoor Roth) become Roth IRA conversions. Roth 401k earnings become Roth IRA earnings.

There is no tax now.

There is no tax ever (assuming you only do qualified withdrawals).

It is not, definitely an unusual fluke. Most civics are very solid ime.

Just remember to take out public loans NOT private loans. The interest rates are better and the gov’t won’t garnish as much of your wages if you file for Income Based Repayment. Be wary of variable interest rates, too. You want a loan with a fixed interest rate so you can financially plan.

Wow judging from my lack of knowledge on a lot of those variables in the calculator, I definitely have a lot more to learn before I even consider buying. It's just rents are skyrocketing where I live and just using the Zillow estimates of mortgage, interest, insurance and HOA, depending on the condo, it comes out to less than or about the same as renting in the area.

Online it says my rate of return on the Roth 401k is 0.55%, is this normal? It seems low?Your ballpark of "becoming a millionaire" is that possible with these retirement accounts? Or should I be out there now slowly learning also about other ways to invest?

That's what I was hoping, thank you

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It is very very close to how much earnings I see on the funds so I think it is my earnings. I’m assuming it’s because it’s a mutual fund that’s why it’s off. Does that mean if I do the rollover, its just going to maintain the tax deferred status and I’m not penalized or need to pay taxes on it immediately? Just as if I were to keep the funds in the 401k, but I’m just moving it’s location?

Should have paid off your debt before making the 401k contributions.

How committed to getting rid of the debt are you? If you are truly committed, at minimum you will sell the Jeep and canel the streaming services.

I see, thank you!!

Then … no.

It is a nice thing to do but it isn’t a tax deduction.

I filed sometime in early March, they sent it around March 10. Return was accepted within a couple days (basically immediate business-days-wise, I think I filed over the weekend). All pretty quick. But no letters to explain anything, and no responses to my contact attempts.

What funds have you chosen for your 401k?

That is bad advice. You will be poorer in the long run by continuing to pay extra interest on your debts. You think you "can't get ahead" now? Following his advice will just dig you into an even deeper hole.

I forgot to mention you are killing it. Don't forget to enjoy some of it. You may find out that your future spouse hates the condo you purchased lol

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Well, I can tell you are well on your well to becoming a millionaire by the time you are in your forties lol, so good job being so diligent. You could back off on your Roth 401k and your HSA in order to fund this home purchase. While you can use the HSA as another retirement vehicle, I would recommend just having enough to cover any out-of-pocket maximums and put the rest in your IRA so you have more variety. It may be best to rent since you are so young and remote no need to rush into a condo because of interest rates or the economy. Try this calculator.

That eliminates one of the benefits of treasuries then…

It is likely the Roth earnings, considering that the only valid destinations are Roth IRA or Roth IRA. Calling it pretax is just weird.

If it were pretax employer match, valid destinations would have included traditional IRA.

Thanks! Currently all my money is in cash because I don't have a bank account and for some reason my work pays me via paper check like it's 1992. My current plan is to get a savings account as soon as possible so I don't have loads of cash in a random envelope in my closet. I feel pretty confident about being able to stick to my budget though. I had a $20/month allowance for a long time so ~$50/week is still a huge improvement to me.