Suspiciously close to a COVID stimulus check value.

I would probably go see an insurance agent in person, and make it clear you're willing to go through more underwriting for a better rate. You probably just need full underwriting which is more invasive and takes longer because you have to get physicals and go to doctors and such to be evaluated. Accelerated underwriting is going to flag the high glucose, but since it's automated, it doesn't have the context of your weight loss. Waiting a little longer to put more time after that er visit can also help your chances.

If federal loans you could possibly get a refund since payments are still paused, so that you can pay the tax man

My W2 is blank for social security wages and medicare wages. I think because of that the software (I used TurboTax) did not calculate the FICA tax for me.

Just a rough estimate but at your age and where you live you’ll probably need about $4M to retire. Just something to think about.

I’ve usually heard it called “stall parking” when it’s in a regular parking lot setting

Depends on when you become NRA.

Tax on NRA is different.

• No standard deduction
• No tax on capital gain if you aren't in the US for 183 or more days
• 15-30% tax on dividends depending on the tax treaty with your home country.

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If you go the crypto/options/daytrading route - I've heard many many wise people (how have learned from experience) to limit your fun money or gambling portion of your portfolio to no more than 5% of your portfolio. This is because the odds are stacked against you for coming out ahead.

Most people who get paid to manage funds fail to beat the average about 80% of the time. The longer the time frame, the worse the failure rate. You aren't better than them. Good investing is extremely boring in practice.

Something doesn’t add up. With that level of income and his so-called finances are a mess like this?? Hmmm

Crypto, real estate, and options…

Make sure you learn to crawl before you walk/run. These three assets can provide crazy returns but come with many risks and/or capable of 100% loss.

Do your due diligence before throwing money at these assets with an understanding that you could lose it all.

In the meantime, build a diversified portfolio of ETF’s and cash (for rebalancing and opportunities).

Be cautious chasing the quick money!

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You will punch your W2 into the software you use and it will calculate it for you. You will probably owe.

currently investing in the s&p 500, but trading caught my eye especially because of the returns but I am aware of the immense risks.

Pay off one debt. Get some cake to celebrate.

Thanks a lot for your responses. Appreciate it.

Yes, I'll become non-resident alien. And these are just estimates but looking at average 7% return on SPY, I expect those to grow by ~40% in 5 years. Say I invested total $10000, it might grow to $14000 by the time I withdraw. Assuming ordinary tax bracket of 25%, sounds like I'll need to pay 25% tax + 10% penalty on earnings of $4000.

That basically leaves me with 5% gain.

Instead if I invested same $10000 in taxable brokerage, I'll have to pay 15% taxes on earnings of $4000.

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Is this a whole life policy they sold you?

I am willing to test my skill lol, and thank you for the links, they will be useful.

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I see. Do you know which forms I should use to report my portion of FICA taxes?

Good job learning about this stuff. I'd recommend reading "The Little book of common sense investing" by John Bogle. A Random Walk Down Wall Street by Malkiel is also excellent.

Investing should be different from gambling, but there are a lot of trading options that are effectively just gambling. After spending decades thinking and researching this stuff, I strongly believe that Bogle and Malkiel are correct -- your best bet as an individual is to buy the entire market via a low cost index fund/ETF. Don't try to beat the market, as it's too hard to have a sustainable edge over the competition. Spend your time working on obtaining valuable skills and increasing your income potential.

It's interesting to learn about investing in individual stocks, options, futures, financial analysis, but the risk is that you delude yourself into thinking that you can pick the winners and beat the overall market average. Settle for average, and you'll be ahead of most people.

I don't beleive they can correct the W-2. Once the end of the year occurred, they might have a limited amount of time to fix such errors, but certainly not 3 months.

Thanks, I didn't even know this was a thing!