8
votes
1answer
147 views

True cost of a mortgage when considering inflation

For the purposes of this question, let's assume the following: Inflation is and will be a steady 2% I am in the 30% tax bracket and there is a home mortgage interest deduction I have a 30-year fixed ...
0
votes
0answers
23 views

List: Books for passive ETF and mutual funds investors

Foreword: This question differs from this that concerns stocks and so is broader. http://money.stackexchange.com/a/7438/10763 and Does dollar cost averaging really work? inspired me to start this ...
0
votes
0answers
36 views

Letting someone else pay in a check (made out to me) to their account?

I have a check made out to me (call me John Doe). I'm permanently away from my home country, where I have bank accounts; I'm now in Canada. I'd like to let a friend (call her Jane Doe) pay the check ...
2
votes
0answers
20 views

How do I account for a forced buyback (repurchase) of shares if I buy them back within 30 days?

A company I held shares in forced a buyback of a portion of my shares in them. Within 30 days, I then bought back that same number of shares to maintain my holding and basis. However, taking the two ...
0
votes
0answers
17 views

What is “Last escrow analysis date”?

I am looking at the 'Escrow Details' on my mortgage and the "Last escrow analysis date" is listed as as 05/01/15. Obviously that date has yet to come. So what does this date represent?
4
votes
0answers
81 views

Can I contribute to a 401k for employer matching and then immediately withdraw it?

I have some friends who work at a company which offers 50% 401k matching up to some amount, but they don't take advantage of it because they want to use the money for non-retirement purposes. Ignoring ...
0
votes
1answer
28 views

Need to add someone to Bank of America savings account [closed]

I want to add my partner to my BoA savings account. How do I go about doing this? Do I need to open a new account or what?
2
votes
3answers
83 views

How to know when to buy british pound

I will have to pay a tuition fee of 6000 British Pound by the end of August and I own Euros. How can I decide if I should convert my currency now or if I should wait a few months. I have absolutely no ...
0
votes
0answers
16 views

PersonalCapital.com with history [migrated]

I am looking for a portfolio tracker which can link to my brokerage account and download transactions including all available historical transactions. I looked at MorningStar, unfortunately, I could ...
7
votes
3answers
1k views

The risk of shared family plan for cellphone

My wife and I are signed for family plan with her brother and his wife. I'd like to upgrade my phone but I'm worried since my brother in law and his wife miss the payments or they don't pay the full ...
3
votes
1answer
115 views

Buy to Let - Daughter-in-Law

My son and daughter-in-law are currently separated. They have 2 kids, and I have a great relationship with my daughter-in-law. I have had a relative die, and she is paying over the odds for rent, so I ...
1
vote
2answers
135 views

Should my mother be an Independent Contractor or my Employee (for tax purposes) as she provides babysitting services to my young children?

My 65-year old mother lives with us in Florida, and she takes care of our two young children while my husband and I are at work. My husband and I pay my mother about $6,000 a year in cash, and we use ...
4
votes
3answers
128 views

Checks made out to multiple parties with 'and'. How can I deposit it with one signature?

I am receiving payments from a lawsuit in my favor, with three other plaintiffs. The payments we are receiving are personal checks, made out to all off the plaintiffs with 'and' joining the names. ...
-1
votes
1answer
40 views

Do I retain the dividend if I buy back a short stock before the ex dividend date

Let us say I am short a stock ABC. I buy the stock back on the ex dividend date. Now, when I buy the stock, I have to return it to the original lender that loaned me the stock,correct? If that is the ...
1
vote
1answer
33 views

Buying a UK property but from another country

My sister in law is looking to buy a UK property as a holiday home, she lives in Norway, other than our normal buying costs, is there any other taxes or fees she has to pay as a non UK resident ?
2
votes
0answers
18 views

Understanding the Home renovation tax credit in ontario

I am trying to figure out the home renovation tax credit Does it only apply to the home I live in? If I currently live in a rental property but am allowed to do renovations, can I apply for the ...
0
votes
1answer
27 views

Tax exemptions for US stocks held in a Candian account

As a Canadian, if I buy US stocks and receive dividends in a non tax sheltered account, then those dividends are not suited for dividend tax credit. Also, if I sell and incur a gain(within 1 yr), do I ...
1
vote
1answer
38 views

Contribute to RRSP without deducting?

I am in a lower income bracket, however, like the idea of contributing to an RRSP because any earnings within the plan are tax-exempt. Is it possible to contribute to my RRSP, but not have it deduct ...
-1
votes
1answer
58 views

If I join a prop trading firm, will I enjoy low commissions

I often hear that professional traders pay negligible (<1 cent ) commission per trade. Is this true? Does this mean that if I open up an account with a prop trading firm in Toronto and put up ...
1
vote
1answer
92 views

Should I wait until I absolutely need the money to draw income from Social Security?

I started collection at age 62, but could pay it back. Sometimes I think I should put the money into one of my houses while I am able to do the work myself. I could take a loan from a 401k, but paying ...
3
votes
5answers
144 views

Do “Instant Approved” credit card inquires appear on credit report?

I have a very good credit score (just shy of excellent) and I wanted to purchase a fairly pricey item on Amazon. They have a couple of decent credit card offers, one with Chase that gives you $70 ...
0
votes
2answers
61 views

Over payment via autopay

I have an amex account, say the balance is $200. I setup autopayment for $500 every month. What happens to the $300 left over after the autopay? Do they just take the $200, an no more? It is too ...
1
vote
1answer
27 views

Dollar transfering from australia to India and back to Australia

If I send Australian Dollar to FCNR in India, which I have already paid tax here, then when I bring back the same amount to Australia in a few years, do I have to pay tax again here?
2
votes
2answers
64 views

While working overseas my retirement has not gone into a retirement account. Is it going to kill me on the FAFSA?

I am a US citizen but I have worked most of my life overseas. So I qualify for the "foreign earned income exclusion" which makes my tax bill basically zero. Because of this I haven't been trying to ...
-1
votes
1answer
113 views

What is the pitfall of using the Smith maneuver

What are the pitfalls of the Smith maneuver? It seems too good to be true and almost makes a case against fully paying down your mortgage :) What is the catch?
0
votes
0answers
79 views

Effect of contract roll on DTO ETN

Given that DTO is a leveraged ETN that makes money from shorting oil futures contracts somehow. What benefit does its rolling of contracts each month offer to shareholders. (in regards to current ...
2
votes
3answers
1k views

How Do I Make Sure the IRS Receives My Tax Return on Time?

Can I and my friends send together in the same envelope the tax refund declarations via DHL Express service? Who will sign receiving the envelope?
0
votes
2answers
31 views

Withdrawing from RRSP to pay income tax owed to CRA?

While filing my tax return, if I find that I owe taxes to CRA, but I don't have any cash on hand to pay the taxes, then I can withdraw from my RRSP. Now, if I withdraw money from RRSP, do I first ...
3
votes
2answers
631 views

How does it look to jump around from bank to bank?

I've been with Bank of America for almost 10 years. They just told me that they are going to convert my free eBanking account to Bank of America Core Checking. Doing so I would have to pay $12/mo or ...
-1
votes
1answer
64 views

Am I a tenant in common by mortgaging my share?

If I mortgage my share of the property and later pay off the mortgage, am I a joint tenant now or tenant in common?
1
vote
2answers
50 views

UK - reclaim VAT on purchases for freelance work

I have a small freelance income in addition to having a day job. It's enough that I need to file a tax return for the extra money that I earn. My freelance work necessitates a reasonable outlay in ...
1
vote
2answers
45 views

Do I just let an options conversion/reversal trade go to expiration?

Let us say I lock in a small riskless profit using a conversion. Which means (as an example), I sell a call, buy a put and buy stock, and net a credit of .20. What do I do next? Do I just let the ...
0
votes
1answer
66 views

Is there a way to open a U.S. bank account for my LLC remotely?

I'm operating a company remotely — I'm not in the U.S. Is there a way to open a bank account without going to the U.S.? I've called a few banks and most of them require myself to go the a ...
-1
votes
0answers
35 views

Rebate on Home Loan Interest for second home loan

I have 2 home loans against 2 properties. i have got the possession for one property and already availing 1.5 lac rebate over int. repayment. I want to ask is , Can i claim rebate on interest payment ...
4
votes
1answer
72 views

How to correct a tax return filed electronically and already approved?

I know just the basics when it comes to taxes and IRS. So I went to a tax professional to prepare my taxes. He filed my taxes electronically (e-file) and it was approved right there. I double-checked ...
1
vote
2answers
77 views

Selecting between investment vehicles for income

I'm a pre-university/college Australian student who has recently (last 2 months) come across the idea of investing. I have amassed around $1000 of entirely spendable money as I have no debts or living ...
0
votes
0answers
35 views

Get historical list of companies in Russell 3000 index?

How do I get historical list of Russell 3000 companies. I can get the current list here https://www.russell.com/documents/indexes/membership/membership-russell-3000.pdf since the companies in the ...
1
vote
1answer
59 views

Personal bank account for non-resident in UK

I have just received a job offer in the UK (for a UK company) and i want to open a personal account with a UK bank to receive my salary and avoid international fees. I've read around the web about UK ...
0
votes
2answers
55 views

Meaning: 'pay the piper on the bottom line'

Maybe this should be an question at English Language Learners, but it concerns mutual fund investing; so I thought to try here first, but please migrate this if apt. [Source:] The burgeoning ...
0
votes
0answers
28 views

Selling a portion of stock shares where the funds have settled

Let's say I have 10000 shares of company ABC. 5000 of them I just purchased today, but 5000 were purchased days ago and the settlement date is today. Is it possible to sell those 5000 shares, in ...
-1
votes
1answer
53 views

ETFs mirroring consistently outperforming companies?

I read about (mostly the risks of) ETFs that try to replicate hedge funds, such as http://www.etf.com/etf-education-center/21043-article-46-alternatives-etfs-can-an-etf-replicate-a-hedge-fund.html ...
0
votes
4answers
47 views

How to avoid/limit currency exchange fees?

I live in the US, work in the US, and have a US bank account (Wells Fargo). I've often been travelling into Canada as of late, and I find the conversion fees are quite expensive when I use my credit ...
0
votes
0answers
19 views

Why is this option trade considered over the counter

In this article the author says: Since June 24, crude prices halved while CVX has dropped only 20%. SPY has risen slightly less than 3% during that time period. What’s a good options ...
1
vote
1answer
49 views

can foreign income be used to pay Home loans without paying any taxes?

Can we use the foreign income(from North America), transfer it to my savings account in India and pay my home EMI? I read here in forum that foreign income is not taxable unless used to buy stocks, ...
0
votes
0answers
21 views

Is the average cost considered while calculating capital gain [duplicate]

If I buy 100 shares of XYZ at 1 $/share and another 100 shares at 2 $/share and sell all 100 at 3$/share, do I pay tax on: 100*3 - 100*1.5 = 150 $ (i.e is the buy price taken to be the average of my ...
1
vote
1answer
60 views

Indian income tax 2014-2015

I am filing my 2014-2015 Indian income taxes. I am outside India since Jan 2013 and currently in USA. I am filing taxes using prepare and submit online ITR using ITR 1. What should be my resident ...
1
vote
1answer
64 views

How should I decide in what order to sell shares from different lots?

I get a number of shares in the company for which I work every year, so I have a number of shares that had various values when I acquired them. When I sell a portion of my shares, I have various ...
1
vote
1answer
34 views

What is the risk in capturing dividends using a covered call?

I am looking at this example to capture dividends using long stock and covered call. What is the risk in this strategy? There is no delta risk, since the position is delta neutral. So it seems like ...
2
votes
2answers
62 views

Managing Multiple Funds in One Checking Account

I have one checking account that is made up of a number of "funds" that I am using to save money for yearly or quarterly expenses. I put "funds" in quotes because I only mean designated money in the ...
1
vote
1answer
14 views

Direct Mutual funds in India through Demat

I am aware that Mutual funds are available in India in two flavors, Regular and Direct. Also, I have been using my Demat account to buy units in Mutual fund. However, I find many Direct options are ...

15 30 50 per page