Damn man you’re good

https://reddit.com/r/personalfinance/comments/z8aorz/_/iyap4qx/?context=1

> Health Insurance is taken out every check

How much? And how often are you paid?

Any other pension or other pretax deductions?

Owing $400 is about perfect. What is your income?

Do you get paid the same every week?

Do you have health insurance or 401k contributions taken out?

I mean this one this is more like “I don’t understand Texas Hold ‘em, should I bet $50 or $100 per hand?”

And the answer is don’t Texas hold ‘em because you’ll lose to the professionals

Is the loan in your name? If not, give it back to aunt. Sucks for her tho

Is the $3k value with a blown engine? Or is it with zero now? If zero, you’d need to buy a -$30k car to support that much negative equity.

And spending $30k to avoid a ~3-5k engine replacement is not a good idea

Then yeah that’s a turd of a plan

If you still owe on it, your only option will almost assuredly be putting a new engine in (well, a used engine most likely)

How under water on the car are you?

> I’m able to bring in 4-6k a month through doordash full time

Where’d all that money go?

What’s wrong with the car?

Does your employer not make a contribution to your hsa?

Because I want you to be richer

I mean, if you can't figure out what mutual funds are, you certainly should be

You shouldn’t be timing the market.

> would like to be a bit more active in managing my retirement

Given your question, that’s realistically the last thing you should be doing.

Investing guidance: https://www.reddit.com/r/personalfinance/wiki/investing

401k fund selection guide: https://www.reddit.com/r/personalfinance/wiki/401k_funds

> However, is it realistic to spend nearly 100k on a car when I’m only making 100k per year?

Not unless you have a massive amount of savings

>Is sticking 6k a year in a traditional roth IRA and converting to Roth and 94k in a taxable account vs putting all 100k into a taxable account going to make a big difference come retirement?

For the minimal amount of effort involved? Absolutely.

>Reason I am hesistant is I dont want to screw up and forget to file the correct forms for taxes

Its pretty much idiot proof. If you can earn $300-400k/year, you can successfully file your taxes

> Also, i thought there was some legislation that would prevent this in the future.

That's a problem for the future

I set up autopay with each utility/vendor because I'm lazy and its easy

From what I gathered, OP is buying her mom an RV to live in because OP is getting kicked out of florida and is selling her house, but instead of providing additional context like a normal person, threw a hissy fit because forums don't act like vending machines for questions

I suppose we owe her a refund on all the money she spent on the free advice.

>When should I go and get this approval letter?

When you're ready to put in offers.

>As long as I pass the 3:1 ratio test I’m sure I’m in the clear but I’d like to maximize my chances of getting a big loan?

Downpayment will be the limiting factor for investment real estate

Just because you don’t like the advice doesn’t mean it’s not meaningful or civil

Ask your brokerage to recharacterize the contributions

>What interest rates could I expect to see financing $35,000 with a credit score of 675 and annual income of $64k? My DTI is 40% currently,

You can't afford an RV.

Expect high rates if you were even to be approved

That's also a possibility. 401(h) is quite rare. Shoutout to /u/HandyManPat coming through clutch

> tibles, coinsurance. it does not provide coverage, only a banked pool of money to reimburse medical expenses from

That’s essentially what an fsa does, and an fsa restricts your ability to contribute to an hsa.

I’d really consider consulting with a cpa or other professional before enrolling in an HDHP

Edit: This is a 401(h) plan right? I can’t find an answer either way but would really suggest consulting with a professional

>or am i missing something that blows a hole in the theory?

> When I left that role, it allowed me to start using the funds for health insurance payments and other medical reasons.

What does the medical account cover? It sounds like "other coverage" that could potentially disqualify you from contributing to an HSA

> So why 15%?

To maintain a similar lifestyle in retirement.

Read the footnotes in this link: https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire

Pretty sure the 15% was based on the Trinity study

> However, that 15% can differ depending on your salary For example, if i make 40k vs 150k.

Don’t understand what this means. 15% is 15%