All Questions

11
votes
4answers
2k views

Any compelling reason to contribute to a 401k if my employer doesn't match?

My employer does not match 401k contributions at all. Currently, I do not make any contributions to a 401k or an IRA due to a need for liquidity. Aside from the obvious gains incurring no tax ...
2
votes
2answers
42 views

Why buying an inverse ETF does not give same results as shorting the ETF

I was reading on the pros and cons of shorting an ETF vs buying an inverse ETF on yahoo I do not understnad this explanation why over hte logner term, shorting is not equivalent to buying an inverse ...
2
votes
0answers
47 views

Better to get loan from finance company or bank considering the drop of credit score?

I want to know if there's a difference between getting personal loan from a finance company or a bank, considering the drop of credit score/grade (assume all other aspects are exactly the same)? I've ...
10
votes
3answers
714 views

How does tax work with donations?

My understanding of the gift tax is that the donor has to pay the tax, but up to a limit they don't have to pay tax. I'm a developer. Suppose I offer my software/libraries/blog for free on my site ...
0
votes
0answers
30 views

What is the easiest way for a non-american to purchase real estate in the US?

I am curious to know what would be the easiest ways to purchase real estate in the US and also like to know what would be the best places to learn about purchasing real estate in the US. Any laws I ...
2
votes
1answer
50 views

Growing annuity with fixed growth

I've found this formula for the Future Value of a Growing Annuity: see here I'm looking for a formula that will provide the future value similar to this formula, only where I can provide a fixed ...
1
vote
0answers
53 views

tracking dividend payments automatically

I want to create a dynamic spreadsheet somewhere(maybe google docs) that will log my dividends that I receive. I have stocks at Fidelity and Tradeking. Currently I get an email every time I receive ...
4
votes
1answer
110 views

Can I take money out of my Roth IRA any time?

So I have a Roth IRA brokerage account with Scottrade. I finally have enough savings (maxed standard employer 401k, emergency fund, etc.) that I'm ready to start investing some of my discretionary ...
2
votes
1answer
90 views

Renting Out A Spare Room UK

I'm in the process of buying a two bed property and have a few friends interested in renting out the spare room. Looking into it, it seems this would be taxable income though there is the rent a room ...
1
vote
2answers
55 views

Withdraw from IRA or regular savings for First Time Home Buyer?

What is the optimal way to source the funds for down payment of a first time home buyer? I understand if I withdraw 10k of an IRA account there will be no 10% tax penalty, but there will be taxes to ...
2
votes
2answers
88 views

How do I calculate yearly rate of return on my investments?

I have been investing since May 2013 and I wanted to calculate my average yearly rate of return. For example:- Date May - 2013 - Total investment made ($1200) January - ...
1
vote
3answers
70 views

Simplifying money management

On a given day of the month, the bank account balance says little about how much we can afford to spend because we must factor in regular expenses and automatic debit payments that occur at different ...
0
votes
0answers
45 views

Indian resident > earnings go in USA bank > then wire to India > do I need to pay US tax?

The question says it all... I have a personal bank account in the USA (as a non resident), where I get paypal and other payments. These payments are then sent to my Indian bank. I do not live in ...
-1
votes
1answer
42 views

What is the probabiltiy of being assigned if the call expires in the money

If I sell a call option and at expiry, the call is in the money, is it guaranteed that I will be assigned and will need to deliver the underlying? What is the probability of assignment/ My question ...
1
vote
3answers
68 views

Best way to find a no-surcharge ATM in my area?

Is there any easy way to find an ATM, by location search, that doesn't have any surcharges? The closest thing I could find to a generalized solution is sponsored by All Point, so it only returns their ...
5
votes
1answer
77 views

Am I required to file a Georgia tax return?

I've been employed by a Georgia-based company since 2009, but living in Kansas and working from home. All this time I have only ever filed a Kansas (and Federal) tax return. However, an answer to ...
0
votes
0answers
24 views

Which banks in the north NJ/NYC area offer deposits by scanner for personal checks?

A number of business checking accounts offer this service but so far I haven't seen any personal accounts in the area. Any suggestions?
0
votes
0answers
28 views

Do I need to register as self employed in Ontario, Canada?

I am moving from UK, where I am registered as self employed under my own name, to Ontario, Canada. In Canada I will be both employed in a full time job and self employed, making a small amount of ...
0
votes
0answers
14 views

Income source in India and abroad [duplicate]

I am working in India and I get my monthly salary which gets deposited in my salary account after tax deductions. I am even filing my returns every year. Recently my co posted me to UAE for a long ...
0
votes
0answers
30 views

What should I take into consideration when deciding whether to transfer a pension fund?

I have a pension with a previous company, and a pension with the company I am working for now. The two pensions are very similar as far as I can tell. How should I decide whether to leave the old ...
3
votes
3answers
101 views

What is a checking account and how does it work?

Often you see the distinction of a saving accounts and a checking account in personal accounting software. The terminology my bank uses, are personal and saving accounts. At least in the BeNeLux ...
-3
votes
1answer
75 views

MintCoin App. Do we actually get money? Is it applicable outside US?

I came across this app MintCoin which claims to give you points equivalent to some US dollars for downloading apps or watching videos. I'm wondering if it actually works or just a way to fool people? ...
-5
votes
3answers
99 views

How much of my home loan is coming from a bank, how much it goes back? [closed]

If I get $100,000 home loan, at 10% interest rate, I would pay a total of $300,000 ($200,000 interest and $100,000 loan amount) over next 20 years. EMI would be roughly, $965. How much of my home ...
-1
votes
1answer
58 views

If my annual taxes are less than $18.5k, does it mean I get to refund them all?

I've just started working in Australia and the way taxes work here are quite new to me. I've read somewhere (can't find the link!) that the maximum tax refund you can get per year is $18.5k. Does ...
4
votes
3answers
190 views

Withdrawing IRA early to pay off large credit card debt?

I am 38 years old and married. Because of a mix of bad luck (multiple lay-offs between my husband and I over the years which led to months of unemployment, unexpected major medical bills), choice (job ...
0
votes
1answer
39 views

Representing a personal loan with double entry

I have received a family loan (no interest or penalties, just a friendly loan) from my parents which is deposited into my savings account for my bank. I'm having issues understanding how I should ...
1
vote
1answer
82 views

What happens to internal stock when a company goes public?

If you hold stock in a company that is not publicly traded, what will happen to that stock if the company becomes publicly traded?
1
vote
2answers
85 views

What are the most efficient ways to bet on an individual stock beating the market?

Say I wanted to bet on MSFT beating the S&P 500 (i.e. I want to make money if they both go down, but MSFT goes down less). Of course, I could short SPY and go long MSFT. Are there better ...
6
votes
1answer
123 views

Should I split contributions between 2 Roth IRAs or max one out?

If I have $8000 to put in Roth IRAs, is it better to split it equally between mine and my spouse's, or max one of them out and put the rest in the other?
-2
votes
1answer
62 views

How much will I be saving off of interests if I fully pay my mortgage earlier?

I purchased a vacant lot and opted to pay for it in installment for 60 months at an annual fixed rate. This formula was used to calculate my monthly fee: M = P[i(1+i)^n / ((1+i)^n-1)] I am currently ...
18
votes
4answers
3k views

Should my rainy day fund be fixed or should I increase it by a little every month?

I've just started working and I'm building up several of my investments (mortgage preparation fund, general savings fund, rainy day fund, wedding fund). As for the mortgage, wedding fund, and general ...
0
votes
1answer
59 views

How much should I pay to bank for educational loan?

I have a bank loan taken from one of the nationalised bank and I owe 4.54 lakhs at 11% interest to the respected bank I have not paid since last 2 years towards interest So I wanted to know how much ...
0
votes
1answer
24 views

Independent Contractor to an US law firm

please advise me on the concerns of income tax i have. I'm an Indian citizen residing in India. I'm working for an Law frim in US as an independent contractor. i'm not sure if i'm liable for paying US ...
1
vote
1answer
46 views

How to manage currency risk in international investing

Exchange rate fluctuations can wipe out or augment your return from a foreign stock investment. Is there any way to protect yourself from such risk?
5
votes
1answer
610 views

Am I putting myself at any security risks by putting all my money in one bank institution?

Currently, I'm putting all my savings into one bank institution, but spread into several accounts. Are there any security risks in this approach? It is convenient for me as all my money can be ...
-1
votes
2answers
107 views

How much should I save if it is possible to save 100% of it

I am 19 year old self-taught student earning a good amount as part-time freelancer. I am currently live in same house with my parents. So I don't need to spend a single coin on house/food. So now I am ...
0
votes
2answers
37 views

LLC and tax filing with spouse

In florida my husband and I are the only managing members on an LLC. Are we able to file our taxes with one of us claiming 100% of profits and losses and the other as 0% if we are filing jointly.
0
votes
1answer
51 views

Markowitz implied returns

In trying to evaluate a portfolio allocation, I want to do a reverse markowitz, that is find the implied returns that would result in the current allocation to be optimal. This results in some of the ...
2
votes
1answer
56 views

How can I calculate deductible percentage of business trip?

Here's my complicated situation. My wife is an author, and when her first book came out in January 2013, she, I and our two kids went on a 7 month book tour. This was an extreme but totally legitimate ...
0
votes
1answer
56 views

Do I live in a state for tax purposes if my permanent home is in another state?

I lived in New Jersey for 20 years, but relocated to New York on 9/1/2013. I still own my house in NJ, my car is registered there, and almost all of my business for 2013 (except health insurance) is ...
0
votes
4answers
70 views

Mortgage Refinance

We are refinancing from a 30-yr to a 15-yr. Our current rate is 3.75%. The new rate for 15-yr is 3.875%. The loan is costing us $10,000 which is included in the loan. Our payments will go up approx. ...
2
votes
1answer
164 views

found a 1994 uncashed profit sharing retirement plan check

I found an old un-cashed check dated 1994 for $487 from my Xerox Retirement plan with no expiration date. Can I still cash it?
2
votes
1answer
44 views

Are there any other considerations for picking a GIC besides interest rates?

When looking for a GIC I get a table of options that looks something like this: Is there any reason why I shouldn't go with the higest offered interest rate? E.g. in this case with HOME TRUST ...
0
votes
0answers
30 views

Income statement interpretation

I have a question about the reading and creating of a company income statement. In the daily business of a company a profit is only realized at the moment when an invoice is booked. But in the time ...
1
vote
2answers
259 views

How much should a 24 year old contribute to a pension?

Im 24 and going to set up a pension. I don't know how much to contribute. Can anyone give any advice on how much they think I should contribute? My employer doesn't offer any pension benefits and I'm ...
1
vote
2answers
124 views

Is it a good idea to accept a £2 million debt-based investment? [closed]

I am a co-founder of a tech startup which launched earlier this year, we have a live website and iOS app and are in the process of seeking investment to take the project to the next stage and start to ...
-1
votes
1answer
98 views

Renting or owning my home?

I have been renting a home now for about 4 yrs. The money just seems to go into the monthly rent and its gone. Would I be better off purchasing and owning my own home. I live off of Social Security ...
2
votes
2answers
158 views

Advantages/disadvantages of buying stocks on dips vs buying outright?

I am looking at a stock which is currently trading at Rs.1400 and I am looking to go long when the stock falls to Rs.1300. I am planning to buy 500 shares. On the other hand, I am not sure if it will ...
0
votes
1answer
44 views

When should I reduce my student loan payments in order to save up for a down payment on another loan?

I'm currently paying off a little over $13,500 of student loans, at a rate of $300 a month and accrues approximately $60 of interest each month. My bi-weekly take-home salary is approximately $1,350 ...
0
votes
1answer
72 views

End of year crowdfunding and taxes

I am about to run a crowdfunding campaign, which will end mid-november. That gives me 1.5 months to spend the funds on project expenses--not really feasible given that it's all destined for ongoing ...

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