0
votes
0answers
16 views

What are some good mutual funds to consider for a new grad looking to maximize market return?

I'm 21 and will be finishing my degree in Computer Science in May. I will be moving to New York City to work at s software engineer at a major financial tech company starting in June. I'd starting to ...
0
votes
2answers
35 views

Is a robo-adviser worth the risk?

I've seen a lot of talk lately about robo-advisers that manage stock portfolios for minimal expenses. The expenses are usually paid by ETF's. I am not very well versed in all this stock and ...
0
votes
1answer
7 views

Questions on India income for US taxation

I am in USA for last 5 months of 2015 and was there for 4.5 months in 2014, so I am a resident alien in USA for year 2015. I have below questions for the IT return for year 2015 in USA: Do I ...
0
votes
1answer
9 views

F1 OPT Visa Tax return queries

I have few questions on tax returns filing, please help. I am on F1 EAD OPT visa, can I still file returns on 1098-E form. Many were suggesting to do paper file rather than e-file. Can I e-file too. ...
-2
votes
0answers
25 views

How do Australian CEO's minimise their tax liability?

How do Australian CEO's minimise their tax liability? The best I could come up with is that instead of receiving wages, they receive shares, which they hold for a year before selling. The shares ...
-1
votes
0answers
36 views

Emigrating from USA to United Kingdom

How much money can I take with me when emigrating from USA to United Kingdom without having to pay tax?
1
vote
1answer
26 views

To transfer money between banks, is it better to withdraw or deposit?

If I'm transferring money from Bank A to Bank B, I have multiple options: Tell Bank A to deposit the money into my account in Bank B. Tell Bank B to withdraw the money from my account in Bank A. ...
2
votes
0answers
20 views

Are gifted health insurance premiums tax deductible for the recipient?

Amanda paid some health insurance premiums for Bill in 2015. The payments were made directly to the insurer and intended as a gift to Bill. Amanda doesn't have to report payments for medical ...
1
vote
1answer
27 views

FBAR, just found about it. What to do?

Just found out about FBAR. I have a pension investment in India (over $10K) that involves paying yearly premium (I've paid 8 of the 20 premiums) to it. It matures in 12 years and until then I do not ...
1
vote
0answers
33 views

What evidence that reporting a small utilization (vs no utilization) leads to a better credit rating?

In North America, it is common advice to make your credit card shows utilization. That is, let some balance remain until the statement issues so that utilization will be reported to the credit ...
6
votes
4answers
2k views

Why is it rational to pay out a dividend?

Imagine a mature company, which has stable earnings and made a profit this year. The company is planing to pay out a part of this earnings to its shareholders. Assuming the stock price goes down ...
6
votes
1answer
80 views

how do capital gains work if you don't know the original purchase price?

So let's say my grandparents bought me 1,000 shares of some stock. They used the wrong address, however, and I never knew about it until after they died. The state got the stock and then, a bunch of ...
0
votes
0answers
24 views

Balance transfer reward, is there a downside?

My credit union is offering a credit card promotion, 2% cash back on balance transfers No balance transfer/cash advance fees I currently have ~$13k in savings/CDs earning 1%-1.1%. Is there a ...
4
votes
1answer
23 views

Question About Tax Situation While Living Abroad - Need Advice

I have a somewhat unique situation, and I'm not sure how to handle. I moved to Sweden with my girlfriend late 2015 because she obtained a job in Sweden. I was able to come along and establish Swedish ...
2
votes
2answers
38 views

Car dealers offering lower prices when financing a used car

I recently went to a Nissan dealership to buy a used car. They are claiming that they can offer me a price that is over $2000 less if I finance with them, instead of paying in cash. Is this a ...
1
vote
1answer
31 views

Advice on helping younger relatives to buy a house in the UK

Younger relatives of ours would like to move to our area but it's quite expensive - they can only really afford half of a house deposit. We've just come into enough money to make that up to a full ...
0
votes
2answers
51 views

How do I tie up an inheritance?

I stand to inherit a large estate over the next ten years or so. The inheritance will come from my direct parents and step parents, who have no other children. However, I know that other members of ...
2
votes
0answers
27 views

How do ETF fees get applied?

I'm reading the prospectus for an ETF I've recently purchased. It states: fees paid directly from your investment I understand how this works for the OCF. However, there are 3 further fees for ...
0
votes
0answers
25 views

Why big differences in historical prices for this one REIT stock at Yahoo, Google, and Stockcharts

Here are three links to historical prices for STWD, Starwood Property Trust Inc: Google finance: https://www.google.com/finance?q=NYSE%3ASTWD&ei=jUG2VpjZM4uEjAGpq5voDw StockCharts.com: ...
1
vote
1answer
30 views

Calculate Estimated Tax on Hobby Business LLC

I live in NYC and make $90k as a salaried employee, but I also have a freelance LLC (with separate business account) for freelance projects. I've set up the LLC as a disregarded entity (Schedule C on ...
2
votes
1answer
27 views

What do I enter for my “2010 HSA, less 2011-2014 distributions” when my HSA started EOY 2011?

TurboTax is pretty insistent that I put something in this field, corresponding to the Wisconsin adjustments worksheet. The field says: Balance of HSA as of Dec 31, 2010, less amt distributed in ...
0
votes
2answers
63 views

Healthy money saving tips for a young person

I'm 19 and I always spend my money on stuff I don't need and I'm trying to save enough money to build a tiny house in the next two years. Any advice on how to save up about $10,000 and stay ...
0
votes
0answers
17 views

Emerging Market Money Flow History [on hold]

I've been searching Google for a history of the net flow of funds into and out of emerging markets (see this tweet for a short historic graph). Does anyone have a 20-30 year history for this? ...
0
votes
0answers
67 views

What usually happens to the Stock Market when it opens on Monday? [on hold]

I have a few contracts on FTSE 100 and I am wondering what a Monday morning would be like. I imagine that there will be a lot of initial movement due to all the trades that some brokers let you queue ...
0
votes
0answers
13 views

Software computing internal rate of return and factoring inflation in [on hold]

I'm looking for a software, ideally web app, that I could use to monitor my investments, mainly stocks, currencies and real estate. I'm able to find several apps that draw very nice graphs and are ...
1
vote
2answers
58 views

In Canada, how bad must your credit be for a denial of a Secured Credit Card?

My sister who lives in Canada: had 2 separate bankruptcies in the past, all of which have been discharged for 2 years as of February 2016. currently has no debts or (Secured) Credit Cards. but ...
2
votes
0answers
25 views

Help me apply Windfall Elimination Provision to my situation

I struggling to understand exactly how the Social Security's Windfall Elimination Provision applies to me in my situation (and thus what it specifically means for how long I should keep my part-time ...
3
votes
2answers
39 views

When making a credit transaction, why does it take the transaction a couple days to clear, but it can communicate the hold immediately?

I find it interesting that if I make a purchase as a credit transaction -- that it takes a couple of days to clear, but yet, the hold can be communicated immediately. If the networks in place can ...
0
votes
0answers
27 views

Money and legal rights [on hold]

If the second persone didn't live in the house for the first 5 years and one person payed everything what legal right still have the second person
33
votes
2answers
2k views

Where can I put savings for my kid that I literally cannot withdraw from?

I currently have a second savings account where I'm saving money for my child's future - most likely it will be used for their college and/or wedding. I've heard horror stories of parents stealing ...
3
votes
3answers
56 views

Is there a global index for all currencies?

I've recently found the need to convert USD to CAD, so I just started following foreign exchange rates for the first time. In the past few days, USD/CAD dropped. However, it's hard to tell if CAD ...
0
votes
1answer
45 views

How do I file a 1040x amended tax return when we are already paying off an error for the same tax year?

For tax year 2014, we submitted our tax return through TurboTax in early 2015. We received our refunds (Federal/State) a few weeks later. In the summer of 2015, we received a letter from the IRS ...
1
vote
1answer
55 views

Stocks and Bonds in Roth IRA vs non-tax-advantaged

I have an account with Vanguard. I have a Roth IRA, Rollover IRA (from my 401k from a previous job), and I have a standard non-tax-advantaged account. Currently, all 3 accounts are fully Vanguard ...
0
votes
1answer
34 views

Do international students in the US without income need to file tax return?

I am an international student holding an F-1 visa since August 2009, and I did not have any income last year (2015). I got a part-time job early December 2015 but the first paycheck came January 6 ...
4
votes
1answer
41 views

How do I budget for bike maintenance?

Bike commuting comes with plenty of surprise costs, from flat tires to bike theft. Would an experienced personal financier figure out a 'safe' amount of money to put in a savings account for the ...
0
votes
2answers
582 views

why do companies do a 1099-MISC at all?

I've done consulting for a number of companies and some of them give out 1099-MISC's and some don't. My question is... why do any of them give out a 1099-MISC? If I wanted to subcontract out some ...
-1
votes
2answers
80 views

Saving/ Investing a lump sum

I have recently come to a settlement agreement with my employer, to terminate my contract. As part of the agreement, I am expecting to receive a pay off in one lump sum. I do not have any immediate ...
5
votes
2answers
885 views

Father retired a little early doesn't need 401k but should he move it to Roth IRA?

My father recently retired at 63. He has some money in his 401k (the provider is ADP) and they keep emailing him with an advertisement telling him the ramifications of withdrawing any money out early ...
4
votes
0answers
53 views

How Does The IRS Structure Payment Plans If I Owe Subjectively High Taxes?

During the 2015 tax year I became legally separated. During the separation my ex-wife did not agree to a QDRO when cashing out her equity from jointly owned property. The cash out was mandated by ...
4
votes
2answers
76 views

How is negative gearing a good thing?

In Australia investors buy investment properties that are negatively geared to save tax. A lot of articles on property investment say that one of the cons of having a positively geared property is you ...
0
votes
1answer
23 views

I own an LLC, how should I go about contributing to a 401(k)?

I am one of two LLC members - we have been operating for about 2 years. We have no employees. I would like to start a 401(k) and contribute as much as I can to it. We don't have salaries ...
3
votes
2answers
53 views

Got a budget for grad school with some extra cash. Add it to my portfolio, or use it for grad school?

This year I’ve maxed out my Roth IRA (with employer matching): https://hellomoney.co/portfolio/6bad58-roth-and-401k Aside from that, I’ve got $17k in a checking account that up until now I haven’t ...
1
vote
2answers
107 views

Please help me decide whether to Roth IRA or pay off my underwater mortgage?

my name is Jane and this is my first time stumbling across this site. I'd appreciate any quality answers to my question. Here's my stats: 3 jobs: 55k/year FT at a church 40k/year PT at a juvenile ...
4
votes
1answer
33 views

What does this section about revolving balances in a credit card TAC mean?

So, I'm about to hit the end a promotional period on a credit card that I used to buy an engagement ring. I'm looking at about $3000 in interest added back onto the card, which I don't really want, so ...
0
votes
1answer
30 views

Should peer to peer lending be part of a diversified taxable portfolio

I'm wondering how p2p lending factors into taxable accounts. They do offer diversification outside of normal bond etfs. Are they appropriate in rounding out a diversified portfolio, or should a ...
1
vote
0answers
21 views

Checking fraud withdrawal with atm bank

I have a pre-paid debit card, which I suspect some fraud cash withdrawals have happened at an ATM machine in Portugal (I'm currently staying there). I'm wondering is there any chance the bank where ...
4
votes
2answers
85 views

What leverage do I have to negogiate reduced overdraft fees?

Through a comedy of errors involving other financial institution, my checking account at a credit union went negative, and I was charged $200 in overdraft fees. I don't think I'm responsible for the ...
-2
votes
0answers
23 views

Debt and equity

In the context of company valuation, is an increase in debt a cash inflow or cash outflow to equity investors? I am leaning towards an outflow because an increase in debt increases the interest the ...
1
vote
1answer
89 views

Is robinhood backed up by an insurance company

Robinhood is a mobile broker that charges $0 commission, but because it's unclear how their business model makes money, I have read a lot of skeptical threads about it.... My question is that is this ...
4
votes
1answer
74 views

Can I deduct interest and fees on a loan for qualified medical expenses?

I took out a loan from a "medical lending" company in 2015 and paid it off later that year. All of the loan went to pay for necessary medical expenses (paid directly from the lending company to the ...

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