LogFAQs > #980283671

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Topic	I have $56000 in Credit Card debt and about $69000 in 401K savings
2Pacavelli 05/07/24 1:28:58 PM #52:	Dat_Cracka_Jax posted... When do you hit the year mark? Have you just bought and held or have you been actively trading? I hit the year mark around January 2025. Also if I withdraw in 2025 I won't have to pay taxes until 2026. I mainly have just bought and held. I try to do as little trading as possible. In recent months I haven't bought at all though due to not having any income [LFAQs-redacted-quote] The best buy card is usable everywhere, also it has an intro 0% APR for 24 months Even so I understand, I may not have the best decision making seeing how I got into this situation in the first place regardless Dat_Cracka_Jax posted... Were you paying their rent and bills while you were unemployed? I can't imagine anyone in my family allowing me to do that Yeah even though they'd help me out with a little here and there. They try to pay their bills, but all in all I've basically been the financial safety net for when they are short and it's been killing me for a while. A long with my own responsibilities One of the apartments is the family home I grew up in, and the second is time that my Sister was recently able to move into. The good things is that the rent is very low and it's rent stabilized in NYC (Rent is $800 a month). I payed the first month and security deposit for her to be able to move in as well as helped her with the paperwork to be able to qualify for it. So now my Sister and my two nieces have a much more hospitable home to live in. The other apartment that my Sister and I grew up in that out Mother passed down to us, my Nephew (32) currently lives in. It's a one bedroom apartment. Before getting the new apartment they all were living there and it wasn't the best living situation. That costs about $950 a month My own rent is $1700 a month. We all live in NYC Recently they've been able to come through with the rent more often but I'm general when things are short I'm the one that steps up to cover it. That's how it's been since 2018 when my Mother passed away That's not too say I haven't made my own irresponsible decisions, but it's also harder if I have to be mindful for myself and others <cite>2Pacavelli posted [p:980283671] in I have $56... [t:80764296]...</cite> <quote>Dat_Cracka_Jax posted... </cite><quote>When do you hit the year mark? Have you just bought and held or have you been actively trading?</quote>I hit the year mark around January 2025. Also if I withdraw in 2025 I won't have to pay taxes until 2026.I mainly have just bought and held. I try to do as little trading as possible. In recent months I haven't bought at all though due to not having any income<cite>[LFAQs-redacted-quote]</cite> The best buy card is usable everywhere, also it has an intro 0% APR for 24 monthsEven so I understand, I may not have the best decision making seeing how I got into this situation in the first place regardlessDat_Cracka_Jax posted... </cite><quote>Were you paying their rent and bills while you were unemployed? I can't imagine anyone in my family allowing me to do that</quote>Yeah even though they'd help me out with a little here and there. They try to pay their bills, but all in all I've basically been the financial safety net for when they are short and it's been killing me for a while. A long with my own responsibilitiesOne of the apartments is the family home I grew up in, and the second is time that my Sister was recently able to move into. The good things is that the rent is very low and it's rent stabilized in NYC (Rent is $800 a month). I payed the first month and security deposit for her to be able to move in as well as helped her with the paperwork to be able to qualify for it. So now my Sister and my two nieces have a much more hospitable home to live in. The other apartment that my Sister and I grew up in that out Mother passed down to us, my Nephew (32) currently lives in. It's a one bedroom apartment. Before getting the new apartment they all were living there and it wasn't the best living situation. That costs about $950 a monthMy own rent is $1700 a month. We all live in NYCRecently they've been able to come through with the rent more often but I'm general when things are short I'm the one that steps up to cover it. That's how it's been since 2018 when my Mother passed awayThat's not too say I haven't made my own irresponsible decisions, but it's also harder if I have to be mindful for myself and others</quote> ... Copied to Clipboard!
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