3
votes
1answer
69 views

Effects of past unemployment on mortgage refinance

I have gone through all the steps of a home refinance process, including an appraisal, and am waiting for a final decision. Just a few days ago, the loan officer processing my application asked me ...
1
vote
3answers
82 views

As a contractor, should I overpay my mortgage or contribute to a pension?

My specific situation is:- Early 30s Software contractor via a ltd company Resident in Scotland Higher-rate taxpayer Mortgage at ~5% I'm allowed to overpay my mortgage by up to 10% in a calendar ...
0
votes
1answer
15 views

Tax considerations for outsourcing freelance work to foreign country

I've seen this asked a few different ways (closest was here), but I am looking to find out from the business's perspective, how to report (if necessary) the amount paid to a foreign contractor. My ...
2
votes
4answers
110 views

Why do the banks charge a foreign transaction fee?

Could somebody please explain why some banks charge a fee for card transactions made in a foreign currency? For example, for a debit card transaction, as far as I know, the exchange from the foreign ...
0
votes
3answers
67 views

Allocating IRA money, clarification needed

I transferred my 401k to Vanguard IRA and allocated 70% of my money across: VIG (Dividend growth) VYM (High Dividend) VXUS (International) VTI (Total stock market) With market being ...
7
votes
4answers
1k views

Is it normal to have 28.5% of various income taxes deducted from my paycheck?

I just got out of college, still live with the parents (saving up money) been employed for a year in the industry, and got a not bad starting salary. First check I received was shocking, to see 28.5% ...
0
votes
0answers
9 views

Which Bank can help me cash a US treasury Check in India

ICICI bank refuses to entertain inspite of having a bank account, any other options. Any guidance is highly appreciated.
1
vote
0answers
18 views

Do financial advisers in Canada who work at the bank, make investing decisions not in your best interest?

I've been using the same financial adviser as my my family and am wondering if Canadian financial advisers who work at the bank specifically Scotiabank would purchase mutual funds that specifically ...
-1
votes
0answers
54 views

Purchase McDonald's, make it healthy non-profit? [on hold]

Loads of organizations spend resources on spreading information and advocating healthy diets. Why aren't there any public donation boxes dedicated to taking over damaging junk food outlets, with the ...
2
votes
1answer
29 views

Weightage of products used for measuring inflation

How does the government fix a particular weightage for a particular commodity which is to be used during measurement of inflation? Is there any specific scientific formula that is to be used?
13
votes
2answers
12k views

What Mutual Funds does Dave Ramsey Invest in?

Heard Dave Ramsey speaking the other night on his growth mutual fund strategy and he mentioned reading one of his fund's prospectus and said this fund had a 78 year history and 11.94% average return ...
6
votes
3answers
1k views

What is the purpose of Social Security and Medicare deductions from my paycheck?

Sorry, this might be a basic question, but I'm having trouble understanding this, so would like to ask here. I've recently started a full-time position, and I notice that two things are being ...
1
vote
2answers
36 views

Dual Citizen considering tax implications of working in second country of citizenship

I am a resident of Canada, and am also an Irish citizen. Recently, I've been considering moving to Ireland (for ~6 months, not forever). During this time, I would either try to get hired on by a local ...
2
votes
0answers
12 views

What solar panel subsidies does Australia have right now (in 2014)?

So I'm thinking about buying solar panels for my house. Only thing is I'm not sure whether to wait. I've been told that the value of solar power in Australia has remained largely the same - this is ...
4
votes
4answers
240 views

Should I get a bank account since I recently got my first job?

I'll be starting work this Friday (yay!) and haven't got the slightest clue about any of this. It'll be washing dishes at a restaurant, and I really don't know anything. Do I set up a bank account ...
1
vote
0answers
24 views

Can a Canadian student with US resident alien status receive the tax treaty benefit after 5 years? If so, how much?

I am a Canadian citizen who has studied in the U.S. with a J-1 visa since 5 years ago, which means that I have now become a resident alien. I am still studying (for an advanced degree) in the U.S. ...
0
votes
1answer
117 views

How to get money transferred from the United States to India?

My brother has a registered company in the USA and has a payment gateway. Now here in India I need to use his gateway for payment as I am into online technical services and have a registered company. ...
0
votes
0answers
59 views

Landlord moves new people in/break lease [on hold]

I am renting a room in a house, and when I signed my lease, I was told that no one else would be moving in. This is a small home, and there is not very much room. Since then, three more people have ...
1
vote
2answers
52 views

Online brokers with a minimum stock purchase lower than $500

Right now I am considering starting investing in stocks on my own and using the Commonwealth Bank Comsec to do it. What's stopping me is not the $20 brokerage to buy, and then another $20 to sell. ...
10
votes
3answers
30k views

If I leave my job, what happens to my flex spending account?

I am about to decide how much money to set aside for my 2013 Flexible Spending Account (FSA). (The max this year is $2500.) But I am wondering what happens if I switch employers during the year. Does ...
1
vote
1answer
23 views

Tax on Money transfered to India from UK?

I'm from India came to UK on Feb 4th 2014 and I will be in UK till Sept 30th 2014. I'm earning money in Pounds, and paying tax as per UK tax policy. I could save some money which I transferred to ...
1
vote
2answers
82 views

Why would Two ETFs tracking Identical Indexes Produce different Returns?

-- Edit -- It turns out that the RPG fund creates an index of "pure-style growth" from the S&P 500/Citigroup PURE growth index, where the IVW ETF creates an index from the S&P 500/Citigroup ...
0
votes
3answers
70 views

IS it the wrong time to get into the equity market immediately after large gains?

I was planning to get into a few equity MF's (till now I've had > 90% investments in Debt funds and Fixed deposits), but looking at the performance, most have had massive gains in the last 1-2 months. ...
0
votes
2answers
81 views

Loan math problem

There was a 9gag post some time ago with the following problem: A car dealer offers Lachlan a car that is priced at $21800, but he only has a $600 deposit. Lachlan's trade-in is actually worth $500. ...
0
votes
0answers
20 views

Alternative to the Mint.com finance Android app?

I've used MINT on android since its first release, but I've never dabbled in the online component. My main issue with mint is that it doesn't pick up on money transfers between bank accounts - - only ...
1
vote
2answers
31 views

How to Compare Two ETFs, accounting for Dividends?

(This is a follow up to my expense ratio question, here). Today I am attempting to study and compare the various Large Cap ETFs but realize I don't know how to even do the comparison, namely in ...
2
votes
4answers
64 views

How should I think about stock dividends?

I'm a 19 year old college student looking at some potential long-term investments, but am first reading as many books as I can, since this sector isn't the field I study. I am reading a book and a ...
1
vote
1answer
17 views

How to Compare Two ETFs, Accounting for Expense Ratio?

I'm attempting to compare ETFs but am not understanding how to account for expense ratios. (I'm assuming that the annual returns do not account for expense ratios already -- is this correct?) For ...
9
votes
3answers
2k views

Buying a more expensive house as a tax shelter (larger interest deduction)?

I've heard that some people buy a more expensive house as a tax shelter. In my simple mind I imaging the scenario: Pay 10,000 annual interest on the mortgage 50,000 annual income = 40,000 ...
7
votes
2answers
401 views

Why the different fees for credit and debit card payments?

Could somebody explain why the merchants are charged different fees when the customers use credit and debit cards?
3
votes
1answer
50 views

Foreign bequests and gifts

I am a U.S. resident and citizen. My British mother died earlier this year. In her will, she directly bequeathed me 10,000 pounds, and left the remainder to her sister. Said sister thought that was ...
2
votes
1answer
157 views

Risk tolerance as I age

Now that I am 47 and am starting to think about risk tolerance, I find it difficult to move my funds to safer investments as I age. I don't see a need to move money out of the stock market if I will ...
4
votes
2answers
102 views

Variable universal life insurance vs traditional long-term investments

I have been considering different ways to generate some returns on my money, rather than just having it sit in a savings account at the bank. My understanding is that the obvious first step is to ...
0
votes
3answers
19 views

IRR Calculation

I have a series of cash flows, a $1000 deposit, and then 5 annual withdrawals of $500,$400,$200,$200,and finally, $100. I understand this is an IRR calculation, and set it up as follows: ...
1
vote
1answer
87 views

Tax Deduction under section 80C for Indian with foreign family Paying International Premium

I am Ronit, indian holding indian passport. My family, my wife and kids are foreign nationals and holding foreign passport. I have purchased insurance from AIA and I am paying insurance premium for ...
4
votes
3answers
149 views

Chart analysis: What does this mean: 200 period moving average?

In a chart analysis I read the sentence the red 200 period moving average can be seen rising from the lower left of the chart. I know what a moving average is, but what is meant by the 200 period? Is ...
3
votes
1answer
234 views

How does a preferred share “Annual Concurrent Retraction Privilege” work?

I just received a Corporate Action Notice from my stock broker, saying that the company is offering an Annual Concurrent Retraction Privilege. It gives me three options: Cash (consent to resale of ...
1
vote
1answer
64 views

What's an account called that always balances to 0?

I use a pretty standard double-entry system in GnuCash (Income/Expenses, Assets/Liabilities). With my wife going back to school this fall, I did something in my accounting that I haven't done before: ...
1
vote
2answers
56 views

Total assets and current assets

I was looking into company investment data and was doing some ratio calculation when I stumbled upon 4 Terms "Total Assets", "Current Assets", "Total Liabilities", "Current Liabilities". My instinct ...
3
votes
4answers
5k views

Does the Black-Scholes Model apply to American Style options?

After reading the Wikipedia article on the Black-Scholes model, it looks to me like it only applies to European options based on this quote: The Black–Scholes model (pronounced /ˌblæk ˈʃoʊlz/1) is ...
1
vote
3answers
158 views

Should I avoid credit card use to improve our debt-to-income ratio?

We put all our expenses on a credit card and pay it off every month in order to get maximize our cash back. We never charge more than we have in the checking account, so we always pay it off. Should ...
1
vote
1answer
20 views

Which date to record for a transaction?

I need to record a transaction in a journal. If I take the date of the paper receipt, this might be different to the date on my bank statement. Which one should I use? Should I use one, and then ...
0
votes
0answers
33 views

upside down auto loan + car accident [on hold]

Okay so here's the deal. I had an old car (well not that old) but it wasn't worth much and it was giving me electrical problems. After trying in vain to fix it, I decided to get a new car. By "new" I ...
0
votes
0answers
10 views

What is the cheapest way to get funds from the sale of stocks in a Morgan Stanley BenefitAccess account to India?

I hold ~ 200 MSFT shares and am planning to sell them... Last time I sold shares and opted for a wire transfer, I lost nearly 3% in fees and commissions (as compared to a naive conversion of No. Of ...
8
votes
3answers
167 views

Moving money between Roth IRA and employer's 401(k)

Back when I was self-employed, I started a Roth IRA and have regularly deposited in it since then. However, my current employer offers matching contributions to their 401(k) plan, and with the ...
14
votes
9answers
4k views

Why is paying mortgage interest considered by some to be beneficial?

When discussing buying a home I often hear people say they like having a mortgage because they get the benefit of writing off the interest. Am I misunderstanding something? My simple thought is if ...
0
votes
3answers
36 views

Share holder or company getting the money when investor invests?

Let's say I have a company and I own 100 % of it. An investor wants to invest $1000 and gets 10 % of the company, I now own 90 % of the comopany. To who pertains the $1000 - to me or to the company? ...
1
vote
1answer
28 views

Applying additional student loan payments directly to principal while on a income-based repayment plan

My sister has a federal student loan with a total balance of about 60K and an interest rate of 6%. Her income isn't high so she's eligible for an income based repayment plan with a monthly payment of ...
1
vote
3answers
89 views

In double entry accounting, as an employee, how do I enter expenses?

I'm new to accounting and just started using GnuCash for my personal finances. Question As an employee (not a company), how would you enter the following transaction into GnuCash? Situation I ...
0
votes
1answer
55 views

Does insurance cover injury playing rec sports

If I get hurt playing recreational soccer after work, will my employer insurance cover my medical/hospital expenses?

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