If you would like help and support with your Personal Finances please feel free to start up a thread here.
The more information you provide in the thread, the more help we can get you, please follow the structure outlined in this post to help us get off to the best start:
Thread Titles
Please create all threads on this topic with the following title: Reader Case Study- PFR [then anything appropriate] starting off the thread title like this will allow us to clearly identify the thread.
EG:
Body of Post
Background
Age (him/her)
Marital Status (tax filing)
Income (You)
Income (Significant Other)
Tax Bracket
Residency (State you live in. Note if non-Citizen here)
Expenses (Monthly) If your goal is to save more when you don't have enough money then breaking this down to line items will help find opportunities.
Assets
Tell us what you are looking to achieve, do you have 1,3,5 year goals? Want to get out of debt? Create a college fund for your kid? Want to know if you can retire? Whatever it is state it here.
Risk Tolerance/ Financial Savvy
Let us know how you feel about risk, for example, if the market was to drop 20% this month would you:
The more information you provide in the thread, the more help we can get you, please follow the structure outlined in this post to help us get off to the best start:
Thread Titles
Please create all threads on this topic with the following title: Reader Case Study- PFR [then anything appropriate] starting off the thread title like this will allow us to clearly identify the thread.
EG:
- Reader Case Study - PFR Financial Noob
- Reader Case Study - PFR What to do with windfall
Body of Post
Background
Age (him/her)
Marital Status (tax filing)
Income (You)
Income (Significant Other)
Tax Bracket
Residency (State you live in. Note if non-Citizen here)
Expenses (Monthly) If your goal is to save more when you don't have enough money then breaking this down to line items will help find opportunities.
Assets
- Emergency Fund (don't double count Checking/Savings/Etc)
- Checking
- Savings/MMA
- CD's/Notes Etc
- Taxable Brokerage Account
- Asset Allocation (Stock/Bond/Cash) - including Fund Names/Stock positions will help identify cost reductions.
- Tax Advantaged Account
- Asset Allocation (Stock/Bond/Cash) - including Fund Names/Stock positions will help identify cost reductions.
- [listing accounts seperately, EG Roth, IRA1, IRA2, 401(k) is helpful]
- Home
- Other Real Estate
- Other Assets
- Credit Card Debt
- Personal Loans
- Student Loans
- Mortgage
- HEL/HELOC
- Other Debt
Tell us what you are looking to achieve, do you have 1,3,5 year goals? Want to get out of debt? Create a college fund for your kid? Want to know if you can retire? Whatever it is state it here.
Risk Tolerance/ Financial Savvy
Let us know how you feel about risk, for example, if the market was to drop 20% this month would you:
- Sell
- Hold
- Buy More
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