>Given that we are jointly responsible, what are my options?

Pay whatever he's short and hope you can collect from him or risk going to collections and getting evicted

Then open an IRA and roll it into that

You have until March 8 to roll it into an IRA or new 401k

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

> A lump sum cash distribution of my vested balance, less any income tax withholding. A

This one. I'd seriously reconsider though unless you are in absolutely dire straits

Well there you go then. Because that's essentially what you'd be doing if you used a loan to buy a car instead of your current investments/liquidity

Would you borrow at 5-6% to invest?

If not, you should pay cash

My man

Id.me is not a brokerage. Id.me is a way to get identified online for government websites (among other places)

Was $28k the total sale price reported on the purchase agreement? Looks like this: https://www.amazon.com/Vehicle-Automotive-Purchase-Agreement-Dealership/dp/B08V9K7NL8

Or was the $28k the total cost of credit on the Truth In Lending Disclosure? Looks like this: https://i0.wp.com/massrealestatelawblog.com/wp-content/uploads/sites/9/2011/03/TIL-Photo.jpg

saving for kids: https://reddit.com/r/personalfinance/comments/104tjyn/_/j36u2dm/?context=1

> Where do I find that?

In your IRA account

Do you have an IRA?

>Is there some kind of catch?

No, they're non profits.

That said, their technology may be quite behind the times.

Some banks may be 'worse' due to greed, but some credit unions can be bad due to a lack of proper board or regulatory oversight

It depends on your activities during the tax year

W2 for jobs

1099-NEC for any contractor work you did

1099-INT if you had bank accounts

1099-B if you sold stocks

1099-R if you rolled over or converted retirement accouns

1099-G if you had a state tax refund (and itemized your taxes the prior year) or received unemployent

W-2 G if you gambled and won

1098 if you paid mortgage interest

1098-T if you paid tuition

1099-DIV if you received taxable dividends

1099-Q if you had 529 distributions

K-1 if you're part of a partnership or S corp or other pass through entity

I'm sure there's a few i'm forgetting

> I’m just looking for guidance

Its not a thing. The person on twitter put down a deposit to hold the car, then found 100% LTV financing at a bank.

Since the car was 100% financed, she gets her deposit back.

This means there was never a downpayment

Yeah, its not different than making an additional principal payment

Yes but only because you make an additional payment per year, since there are 52 weeks in a year (52/4=13 payments instead of 12)

You can offer to settle or wait until they do sue you.

What state are you in? You can also wait out the statute of limitations potentially

> indirect IRA to IRA

Your IRA custodian mails you a check made out to you. You deposit that check at a new IRA custodian.

Requires forms

> Trad to Roth?

Your current custodian moves money from your tIRA to your Roth IRA. You don't get a check

Usually just requires a click of a few buttons on the website

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

>Is this cheating the system?

Not really. A budget just exists to ensure your overall expenses remain below a certain level. Doesn't matter if you have discrete line items for make up, clothing, and haircuts or if you combine all of that into a single "makes me look good" budget.

If you overspend in a certain area, it may make sense to increase the granularity of the budget (i.e. not allowing yourself to spend more than $X amount on Video games, or booze, or whatever you spend too much on)

Just convert the rest now. You'll pay ordinary income taxes on any of the gains, which should be nominal

> Someone on my brokerage customer service said I can only do 1 traditional to Roth conversion a year.

That's wrong. You can only do one indirect IRA to IRA rollover per rolling 12 month period.

You could do unlimited conversions.

> Now I’m trying to look this up and understand if there are tax implications if I do multiple a year or if it’s even possible.

Are you trying to do a backdoor roth?

Why do you think you can only do one per year?

>How do I get my parents financially secure, physically taken care of, without my brother feeling under-minded?

You don't. Unfortunately, they've chosen their bed and now get to lie in it. They chose to enable him for years and this is what happens