MYGA is like a CD, but with tax deferral until you withdraw, blueprintincome.com

If you made over $400 on "side jobs" then you need to file taxes, including schedule C, for self employment, and pay SE taxes.

Individual tbills held to maturity, no state tax

A new engine is more like$4k

If you pay state income tax, $0, because you can make more yield on <1yr TBills due to there being no state tax on tbills. A 1mo Tbill earns 4.6%, which is 5.11% effective yield if you have 10% state tax (do the match for your own situation).

So buy tbills of less than 6mo. Easy, and no state income tax. Trade, fixed income, search, treasury, sort by YTM, depth of book, buy, done. YTM is your interest rate, as long as you hold until maturity.

How long are you going to hold it? 1mo TBills will get you 4.6% with no state taxes (which increases your effective rate)

Try coming unprepared to an audit, and see how that goes then.

Don't mistake the situation, you still are bad with money if you make $125k (plus whatever your wife makes) and you are scrambling trying to pay this off by rolling 0% offers. This is a valid strategy, but, it seems like you would be better served dedicating income to pay this off, or at least have that amount on the side earning 5% ready to pay off whenever you want, but if you're only putting 10k into your 401k, it doesn't seem like you've prepared to pay this off at all, ever. Dangerous

Look back through credit card statements. You are also allowed to estimate. Don't just throw up your hands and pay unnecessary taxes

You do not need receipts. Records are in your email, sale notices from eBay, etc. It's going to be an hour or two of work for you to put it all in a spreadsheet. Suck it up and do that, you'll thank yourself later if you ever get audited. You need to track cost basis for each sale.

You can only amend 3 years back. Do that. Then you can stop worrying. Expenses net out with income, so you will pay taxes on less than your amount of income, if you had expenses (even just what you paid for the items). Recreate records as needed before you lose that data

Are you willing to bet your house on 2 of your friends having their finances 100% in order until you decide to sell? I wouldn't. Look at how much you're coming out ahead over a rental. Then decide if that amount is worth the risk you're taking. It's your call, but you'll also be left holding the bag if it doesn't go the way you planned.

You can do as many roth conversions as you want. I've done them for $1. You're thinking of something else. Go forth and convert.

It isn't lost, it's just in your email. Go look for it. Don't be lazy. If you don't find it, you are paying the full amount, because that's the 1099 that the IRS will receive. Adjust income without documentation at your own risk

It's not much more risky, because it's $100k for *you* and not tied to anyone else. If this guy could make it work financially without the 3 other people, I'd say go for it. But anyway, student loans are a bad idea too if you can avoid them. Never get into a situation where you *need* everything to go perfectly in order to remain solvent. The road of life isn't smooth, there are bumps. Don't buy a car without shocks.

It's doable, *if everything goes perfectly*. Which it won't. One of you will become a deadbeat. One of you will get injured. One of you will have to drop out. You just never know what could possibly happen. It's not worth the risk for something you know you're going to sell in 4 years, and tie yourself to 3 other people you're fully expecting to walk away from in 4 years.

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Never get into a situation where you need everything to go right in order to make it work.

This is a really bad idea. Fraught with potential pitfalls. College students are by definition unstable, too young, too inexperienced, too little income. Bad idea. Do the same exact idea, but with a rental. Best of luck

The best course of action would be to put together a spreadsheet with each item and your best estimate of cost basis (how much you paid), acquire date, as well as sale dates and amounts. If you don't want to do that then yes cost basis is assumed $0 and you pay taxes on the full amount.

Your math is fine

You get 4.83% annual interest rate. If you hold for 180 days, $deposit * 0.0483 / 365 * 180 = $interest. Do not sell TBills before maturity, or you may lose money.

Fidelity Cash Management account, buy SPRXX, 4.16% with no fees, no wire fees, no NSF fees, no ATM fees, fully liquid and no games. I used to mess with HYSA, now I just use Fidelity.

You can also get 4.5% in tbills with no state tax if you can commit to a month

Go to OLT.com, fill in your info, free Fed $9.95 state, most importantly, FREE support.

With most index, you probably could. With sp500, no, they are identical. Just switch to vti or vv

No it doesn't.