2
votes
2answers
16 views

Using a non-fee based financial planner

I have a substantial (at least to me) amount of money from the sale of a second home. The money is momentarily in a savings account at a big branch bank in the US. The amount is such that I have ...
0
votes
3answers
51 views

Should market based health insurance premiums be factored into 6 months emergency fund savings?

I know it's advised to save between 4 to 7 months of regular expenses for an emergency fund. What I'm not sure about is if health insurance premiums should be factored into those expenses? I'd be ...
0
votes
0answers
14 views

FED, Open Market Operations [migrated]

I am trying to understand how FED effects the fed funds rate. Here it says: Once the Federal Open Market Committee deems that economic conditions warrant a change in the money supply through ...
7
votes
1answer
1k views

Bond gain is greater than remaining coupon payments. Time to sell?

I wanted to learn about bonds so I bought a rather risky one (Chesapeake Ene Corp SR NT 6.62% 08/15/2020 / 165167CF2). Since purchase, the price of the bond has risen 72.81% for a gain of $257.02 as ...
0
votes
1answer
35 views

Government or Corporate Bond?

I understand investment is about risk and reward - including risk management of course. I'm trying to build a personal portfolio for growth and or regular income for the next 10-20 years. I'm trying ...
3
votes
3answers
204 views

What is the smallest amount worth investing in index funds?

Say I have just a few hundred dollars available which I want to invest long-term. I'm still saving money and putting it aside each paycheck, so if I wait 6 months I'll have a few hundred more to ...
0
votes
0answers
7 views

Should I get tax credits/refunds from a RRSP sale NR4 from Canada or from the US?

Canadian living and working in US. I sold my Canadian RRSP and had a bunch of money withheld. My income in Canada is 0 except the RRSP withdraw. Should I file my NR4 somewhere in the Canadian return ...
3
votes
2answers
85 views

Signing up for a credit card to pay tax debt - pitfalls of 0% APR for the first year?

I have a tax debt of ~$3000 and am trying to find the best method of paying it. I applied for a credit card that offers 0% APR for the first 12 months. As far as I can tell, this is a much better ...
1
vote
0answers
15 views

Capital Gain or Loss Calculation for Mergers & Acquisitions (Canada)

I have a question about calculating capital gains/losses for mergers and acquisitions in which fractional shares and cash are provided as part of the transaction. What part should be listed as capital ...
5
votes
0answers
135 views

My Boss owes money but I am named on letter from debt collection agency (UK)

My employer has an outstanding debt with a company he aked me to speak with a couple of years ago. Now that company has my name listed as a "contact". He received a letter from a debt collection ...
1
vote
2answers
161 views

Any creative options for purchasing a used vehicle with cash

Ok so we are planning on purchasing a used vehicle for no more then 16k. We have the cash in hand and so it got me thinking. What options are there to fully take advantage of this situation? My ...
4
votes
1answer
56 views

person on loan with cosigner

My son is buying a vehicle and the person on the loan as a co-signer broke up with him. My son has made almost all of the payments. Now when the loan is paid off, how does my son get his ex's name ...
1
vote
1answer
52 views

Is there a trick with ISAs in the UK

I was looking on ISA faq on moneysavingexpert and I noticed the following: I do not understand the trick, say I put GBP100 on a 3% account and that ISA pays 1%. Can I NOT pay tax on the GBP3 I made ...
0
votes
0answers
21 views

How to pass the following entry to journal? [on hold]

The following entry has been confusing me regarding how to write it in the journal: "Owner purchased goods worth $99 on credit." I have understood the following about above transection: Since ...
2
votes
1answer
26 views

How do I work out the tax effect of a company car in Germany?

I'm getting a bit confused by the various literature I am reading about German Taxes on driving a company car. I know its 1% of the vehicles list price per month. Is this treated as extra monthly ...
0
votes
1answer
36 views

Is equity capital and equity the same thing? [on hold]

I am trying to find the simple capital ratio and the formula for it is this: Equity Capital/Total assets. Now in the balance sheet there is equity and total assets but no such thing as "equity ...
1
vote
1answer
100 views

I forgot to write the name on the check

I forgot to write the name on the check, but I signed and put the numbers. Is the bank going to accept this check?
0
votes
1answer
42 views

Is it possible to allocate pre-tax money to a specific stock?

Are there any programs that let me put pre-tax money into an account where I can allocate money into stocks instead of funds?
1
vote
1answer
23 views

FBAR exchange rate question

I have a small, yet important question about FBAR, the policy regarding the reporting of foreign bank account. The rule says that I only have to report when the aggregate amount exceeds 10,000 US ...
3
votes
1answer
94 views

Equation or program for determining in which order to pay several debts

I have 9 different debts (5 of which are student loans) each with a different interest rate (ranging from 3.4% APR to 10.9% APR). I want to find out in which order paying them off would take the least ...
1
vote
1answer
52 views

Question about a Medical Bill

I went to a dermatologist and had a my moles checked for skin cancer. When the lady was done she said she found 2 that were questionable. I asked her how much it would be to have them removed and she ...
0
votes
1answer
23 views

Moving money into Fifth Third checking account through Access 360 card

My account was one of those compromised a bit back, and as a result Fifth Third cancelled my card and gave me a prepaid Access 360 card. Due to some mail complications I never received my new card, ...
1
vote
1answer
31 views

Ask rebate in loan repayment

The interest rate made my loan to a very large amount from the one which i borrowed since I could not pay it for some time(I missed some EMI). Now I have money to pay it full, Can I ask bank to allow ...
0
votes
0answers
18 views

Can an authorized user of a credit card build their credits from using the card [duplicate]

I have a few years' credit history, and most of the time a FICO score of 780 to 820. I believe my spouse never had any credit accounts. If I add her as an authorized user of one of my credit cards, ...
0
votes
0answers
52 views

How can I know if I can get pension benefits from my private company (Inc.) after working continuously 14 years?

I worked for the private company (Incorporated Inc.) almost 15 years; after that I was laid off, then at the age of 62 I decided to retire early (1 year from now). How can I know if I can get pension ...
15
votes
5answers
4k views

Should I use a credit repair agency?

I had very good credit but went through a series of jobs, some I got laid off from or fired from and as a result I fell behind on credit payments, several charge offs. I do have an existing auto loan. ...
2
votes
0answers
29 views

Which technical analysis indicators are considered leading stock market indicators?

Most technical analysis indicators are lagging indicators (will indicate a buy after the opportunity to buy has happened), there are also co-incident indicators that suggest a buy opportunity is ...
0
votes
0answers
24 views

Canadian Citizen and Non Resident for tax purposes

I am a Canadian citizen was a non resident for tax purposes. If I sold stock shares in January 2016 and became officially a Canadian resident again in April 2016 (3 months after selling the stock), ...
1
vote
3answers
84 views

What is the difference between a scrip dividend and a stock split?

Definitions of both scrip dividend and share split gives the same meaning. What is the difference between a scrip dividend and share splits?
-2
votes
0answers
46 views

How should I invest monthly [on hold]

Are there any options for an european to invest monthly a small amount of money into something that doesn't require a lot of attention. Doesn't need to be very liquid. I am looking for something that ...
4
votes
1answer
80 views

Should I sell stock in my US bank account before abandoning US tax resident status?

I am citizen from one of the EU countries who has been living in the US on H1B visa for few years. Now I am considering to move back to my home country in EU. I have some shares in my US bank account ...
1
vote
1answer
24 views

US citizen paying capital gain taxes in Canada on sale of property in US

My son, who is a US citizen living and working Canada. Just sold a piece of property which he inherited in the US. The capital gains was $160,000 and US Federal and State capital gains taxes came to ...
-2
votes
3answers
118 views

Are “pre-tax” contributions to Traditional IRA a lie?

Suppose my salary for the year is $1000. My tax bracket is 10%, thus my employer has withheld $100 and I only ever get to see $900. Question #1: I would like to put everything I earned ($1000) into a ...
3
votes
0answers
32 views

Income tax on children's social security income

How do you declare in the tax return the social security benefits of minor children? In our case, the social security administration deposits the checks every month in a bank account that is on my ...
1
vote
1answer
42 views

401K loan repayment Default

I have a 29,000.00 loan from my 401K That I am paying 800.00 per month on. My wife has been ill for 2.5 years and unable to work. Currently trying to get disability. However this has created a big ...
3
votes
3answers
91 views

Recovering Small Workplace Pension Pots

Like many professionals, the new 'standard' length of stay at any one company is around 2-3 years. I myself have moved a few times at the start of my career from one company to another, beginning ...
1
vote
4answers
173 views

Why do stock exchanges close at night?

Every place closes at 5pm or 6pm, whatever the place and country is. Why do they close since fixing is done continually in the more liquid markets ? Thanks.
0
votes
2answers
29 views

ESPP (Employee Stock Purchase Plan) Funds on Mortgage Loan Application

Will the bank count these funds? My company ESPP works like this: 25% of my bi-monthly paycheck (after taxes) is withheld and sent to some kind of company escrow account. This is done for 6 months. ...
-1
votes
3answers
142 views

Does investing more money into stocks increase chances of profit?

Assume someone wanted to invest in stocks for the sole purpose of profiting as soon as possible. Given the risky nature of stocks, would investing bigger amounts of money increase the chances of more ...
4
votes
2answers
115 views

Break even point of mortgage prepayment penalty vs anniversary payment

I want to calculate the optimal way to apply a $100,000 inheritance to my mortgage and am having difficulty figuring this out. I am in Canada and if I apply all of the money on the mortgage ($170,000 ...
3
votes
1answer
14 views

When is my California LLC's Annual Tax due for 2016?

California form 3522 states that "the annual LLC tax is due and payable by the 15th day of the 4th month after the beginning of the LLC's taxable year (fiscal year) or April 15, 2016 (calendar year)." ...
1
vote
2answers
84 views

Is keeping a credit card with a fee open worth the positive impact on credit score? (due to age of account)

I have recently paid off my credit cards and would like to close most of them. I have six cards total, three of which are no-brainers to close. The newest card (less then one month old) has quite a ...
0
votes
2answers
44 views

Tax Free Allowance

I started working on 21 March 2016 in my first job in the UK. How much tax should I have paid? It seems my company combined my salary with my April salary and deducted a lot of tax. Monthly salary ...
0
votes
1answer
33 views

Should written checks be accounted in Accounts Payable?

Should the checks I write be logged via my Accounts Payable account, or just directly from my Bank Asset account to my Expenses account? I see issues with both methods: Bank Asset => Expenses An ...
0
votes
1answer
59 views

Cancel road hazard tire insurance after purchase

I got some tires for my vehicle yesterday. I signed the work order and dropped off the vehicle; my spouse picked up the vehicle and paid the bill. On the bill was an $80 charge for road hazard ...
0
votes
0answers
22 views

IT Contractor in BC, Canada on 2 year visa - options for getting paid?

I have been offered an IT contract in BC, Canada - my first contract here in Canada. I have recently moved here from UK on a 2 year working holiday visa. I have my SIN and am free to work anywhere. ...
3
votes
1answer
105 views

Personal loan to a friend procedure

I see a few questions on this topic, but I am more concerned with the procedure and best practices. If I give this person the money first (~$10,000), can I still have them sign a promissory ...
0
votes
1answer
35 views

Term for both debit and credit [on hold]

This is a vocabulary question: What English term could be used to represent something that is either a debit or a credit in a transaction (without specifically saying which one it is)? Something like ...
3
votes
1answer
45 views

Freemium Model In-App Purchases Sales Tax

Sales tax for paid apps is somewhat well defined depending on state tax code, things like downloadable or boxed software seem to be covered, and most states will require a sales tax for sold / ...
9
votes
9answers
2k views

If I plan to stay with a carrier, is there any reason not to upgrade vs. buy unlocked phones?

If I upgrade my phone with my carrier, I have to stay with them for 2 years. But if I have no plan to change carrier anyway, does this make upgrading the obviously better choice than buying an ...

15 30 50 per page