2
votes
2answers
91 views

How does “on the next percentage” work (for company matching)?

For example, if I contribute 5%, the company matches that contribution with: 100% on the first 2% 40% on the next 2% 25% on the next 1% How do you calculate the next percentage.. and of what ...
0
votes
0answers
3 views

Why big clients want the contractor to be incorporated before giving them work

Why do banks and other companies in Canada that employ independent contractors to do IT work insist that the contractor be incorporated, as opposed to a sole proprietorship?
0
votes
1answer
67 views

Can I have a side income without registering it as a business

I am full time employed. If I want to generate some income from a side hobby-business by buying and selling gift cards, at what point in time do I need to register as a business/corporation with the ...
2
votes
1answer
30 views

Are dividends the only thing linking stocks to corporate performance?

People generally buy stock because they expect the price of the stock to rise. The main force that determines stock price is, as far as I can tell, the force of the market, i.e. supply and demand for ...
1
vote
1answer
198 views

What does “balance available” mean?

In an account of mine that I use to receive bills and make payment for some services, I wonder what "balance available" means? Why is it different from "balance due"? Balance Due: $0.00 ...
7
votes
2answers
935 views

Do my kids need to file a tax return?

My kids (minors) each received a gift of some stock from my wife's parents last year. The stock is in the kids' names, with my wife listed as the custodian. They each made just slightly over $100 in ...
0
votes
0answers
9 views

Employer rollover from 403b to 401k

Can an Employer convert from an existing 403b plan (variable annuity) and transfer all assets to a new employer sponsored 401k plan?
2
votes
3answers
171 views

How to know if buying a house is a good investment?

Similar question: In general, is it financially better to buy or to rent a house? which you can see the returns they are getting Ok, so I'm wanting to know how I can calculate how profitable it ...
2
votes
1answer
100 views

How is income from surveys taxed in the UK?

I'm considering doing online surveys from companies such as YouGov, that pay you for each survey you complete, but I would like to know more about how taxes work, so I've got a few questions. Are ...
2
votes
1answer
27 views

How does an inverse ETF work

How does an inverse ETF work? Does the underwriting company issuing the ETF just short the shares of the underlying(s)? Or do they purchase(sell) the near month put(call) options and keep rolling them ...
1
vote
1answer
14 views

Working in Saudi since aug 14, am I considered as NRI and do I need to pay tax

I am working in Saudi Arabia since aug 14, am I considered as NRI and do I need to pay tax. I applied for NRE account in ICICI bank and application was processed later I was told by officer that I ...
2
votes
2answers
70 views

Mathematics behind deciding to do a lump sum mortgage payment vs. RRSP contribution?

If I have 10,000 extra dollars, how could I decide between doing either: A lump sum mortgage prepayment (2.1% variable closed interest rate, 250k remaining balance), or, An RRSP contribution ...
0
votes
1answer
54 views

Advice on money transfer from Canada to South Africa

I am trying to figure out what is the best way to transfer money from Canada to South Africa. By best way I mean the cheapest way and of course the safest way for me. I have found a few weeks ago ...
0
votes
0answers
12 views

How do I interpret the Case-Schiller Home Price Indices?

I noticed from the Wikipedia page and it's associated talk page that the Case-Schiller index is generated from a convoluted formula related to "repeat home sales." The computation is likely some form ...
0
votes
2answers
64 views

Paid via PayPal with bank account, but was a couple dollars short

Paying for an item from a store in another currency. Last time I did this, to the same store, PayPal showed me the current USD charge instead of just the foreign currency before I actually hit submit, ...
0
votes
2answers
27 views

Found Mistake on 2013 1120S Form

I had a CPA do my corporate taxes last year. I did not have a good experience, so I am doing them myself this year. In the course of working through my return via TurboTax Business, I discovered a ...
1
vote
2answers
303 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
13 views

Help in calculating total sales amount for tax authority

I need help to calculate the total sales amount to the tax authority. Consider the below scenarios: Say i am selling an item for $100 and say two taxes [Tax1 & Tax2] must be applied both should ...
0
votes
1answer
60 views

Do companies offer student loan repayment assistance?

Does anyone know which companies offer some type of student loan repayment assistance programs? I'm going to be helping Congress look at a new bill being proposed to make student loan repayment a tax ...
0
votes
1answer
55 views

Applied for loans but chosen not to take them, will this look like I was refused?

So I applied for several loans to buy a car, trying to take advantage of the low interest rates at the moment. All of them came back with higher interest rates than were advertised. I've subsequently ...
0
votes
0answers
57 views

Should I make partial pre-payments on an actuarial loan?

I discovered today that a loan I took out for home improvements doesn't use simple interest. I'm pretty frustrated with myself for not realizing this before I signed for it. Regardless, I'm trying ...
0
votes
0answers
29 views

Online tool like Financial advisory or Fiduciary?

I think I am in a need for a personal assistance with my money. This site has been very helpful but I need personal assistance. Do you guys know Yelp type of service or website where I can research ...
1
vote
1answer
44 views

Lend money at a rate linked to the prime rate

Are there any fixed income investments for retail investors that offer a rate that is fixed to the prime rate (like : prime - 1%). Usually it is easy to borrow money at rates that are linked to ...
1
vote
0answers
20 views

UK Tax: Filling in a HMRC P85 Form - Leaving the UK

I'm filling in the online P85 form (https://www.gov.uk/government/publications/income-tax-leaving-the-uk-getting-your-tax-right-p85) as I recently moved back to Australia permanently but I'm but I'm ...
12
votes
3answers
596 views

Invest or save first?

I am in my mid 20s, I got a (quite) good job and I am able to put asside, each month, about $800. I just started this savings process and currently I have just $800 but at the end of the year I'll ...
18
votes
6answers
21k views

Found an old un-cashed paycheck. How long is it good for? What to do if it's expired?

I just found a paycheck from my old work that is dated August 5th, 2013. It's for over $300 and I'm wondering if it will still go through. I'm worried that it will bounce or there will be some issue ...
0
votes
1answer
33 views

Net Cash Flows from Selling the Bond and Investing

I am a beginner finance student, i am having trouble understanding short sale.In this context the bond is priced at 960.00 and will give a future payment of 1000 1 yr from the day it was bought. I ...
6
votes
5answers
194 views

Need something more basic than a financial advisor or planner

Is there a professional that one can go to in order to assess one's current financial situation and get advice and follow-through on what one can do in order to correct financial errors one has made, ...
3
votes
2answers
125 views

How to invest (trade, or speculate) in commodities?

How would one invest in things for example (wheat, oil, gold, silver, platinum) and other commodities? Does E-trade offer a method of doing this?
0
votes
1answer
41 views

Why are U.S. Treasury interest rates are so low vs. other nearly risk-free rates?

I was reading Options,Futures and Other Derivatives by John Hull and I came across the question: Why are US Treasury rates significantly lower than other rates that are close to risk-free? I ...
0
votes
0answers
24 views

How much sales tax should I charge on Instaproofs.com?

How much sales tax should an individual in VA, USA charge for stuff on instaproofs.com? I've attempted to find online sales tax rates for VA, but I'm not familiar enough with the terminology to ...
0
votes
1answer
33 views

What does it mean to borrow long and lend short

What does it mean to borrow long and lend short? I took a mortgage from a bank and I opened a savings account with the same bank on which I get interest. Did I borrow long and lend short? Or did the ...
1
vote
1answer
31 views

Am I double taxed on a lease purchase?

I'm considering buying my car at the end of its lease. In looking at the paperwork, I paid the State of Illinois 7% sales tax on the entire negotiated value of the car, not just the portion I leased. ...
1
vote
2answers
65 views

Why buy bonds when GICs offer better interest

As an individual investor, AAA rated bonds and even AA rated bonds provide much lower interest rates than a conventional GIC from a reputed institution backed by CDIC. So who would ever want to buy a ...
2
votes
1answer
20 views

Interaction between health exchange and under-65 Medicare coverage

I purchased platinum-level family coverage on the healthcare exchanges this year. Shortly after the start of the year, my wife's disability application was approved (after ~2 years in progress) and ...
0
votes
0answers
34 views

US banks that allow foreign account holders to perform transfers online

I live In Canada and am looking for a bank in the states that allows me to receive money and do bank transfers overseas. Im doing this as a means to transfer money between PayPal and Skrill. I was ...
14
votes
13answers
504 views

What are some good ways to control costs for groceries?

I find groceries to be one area where I have a hard time controlling costs. We want to eat well, buy healthy foods, good cuts of meat, etc. and limit eating out. I find it hard to know what is a ...
3
votes
3answers
205 views

How to start day-trading? Any advice about software for beginner? [on hold]

I want to start day trading, but I am beginner and I need help. Is there some online tutorial? I want to start with just 1000 dollar. Is it enought? I find ninja trader software. Is it good? Or do you ...
10
votes
14answers
330 views

What websites do you use for saving money (coupons, etc.)? [on hold]

Which sites do you use to save money when shopping? For example, coupon codes, printable coupons, or even Firefox, Chrome or Safari extensions such as the Invisible Hand.
5
votes
3answers
124 views

How is my employer affected if I have expensive claims on my group health insurance?

Suppose, for the sake of discussion, that I work at ACME, Corp, a USA company. As part of my compensation, ACME makes me a member of their group health insurance through Aetna, a USA health insurance ...
0
votes
1answer
31 views

1099 versus corporation to corporation for payments?

I have an S corp and am starting a new relationship with a business partner, who is going to contract my services. They said 1099 or corporate to corporate, in terms of how I get paid. If they pay me ...
6
votes
1answer
220 views

What happens to the bond ETF when the underlying bond matures

When a bond matures, what happens to the corresponding bond ETF? It still keeps on going as if nothing has happened. How does this work? I guess there is some kind of rolling over happening here, but ...
32
votes
5answers
3k views

What would you do with a large land inheritance with high tax rate?

I just inherited a couple hundred acres of pristine woodland in New England. I'm a nature-lover, so my first impulse is to keep the land as-is, letting campers, trekkers, and wildlife just use it as ...
0
votes
1answer
50 views

How to donate to charity that will make a difference?

I want to donate to countries which have economic difficulties especially Greece. For a start 50 bucks or so. Because a got a big salary doing what I like (computer programming) and I don't have much ...
2
votes
2answers
86 views

IRA advisory fee?

I have a traditional IRA which I rolled my previous employer's 401(k) into. I've noticed that there seems to be a quarterly advisory fee, which seems to be about 0.5%. Is this reasonable? I ...
7
votes
4answers
5k views

I have more than $250,000 in a US Bank account… mistake?

I'm currently carrying a balance of $356,000 in one bank account, which is in excess of the FDIC insured maximum of $250,000. I owe $100,000 in 2014 taxes (which will be paid by April), and the ...
0
votes
1answer
52 views

Can you replace Roth IRA contributions that you withdraw from the current year?

I know that if I remove principal from a Roth IRA for longer than 60 days from previous year's contributions, that I cannot put that back into the Roth IRA. However, assume I deposit 5500 in January ...
1
vote
1answer
113 views

Do I have to report gift money from my spouse and family?

My husband and I got married in January 2014. He is from Australia and works from home as a web designer for clients who are all abroad. He received his green card in April 2014. All of his income is ...
0
votes
0answers
21 views

Bonds semi-annual market rate [duplicate]

Let's say you have a bond that pays semi-annually with a 10% coupon rate. Each half-year you pay 5% of the principal. Let's say the market rate is 12%. How come to calculate bond price, we discount ...
2
votes
1answer
41 views

Can i avail rebate on Home loan interest without sale deed and registration

I have booked a flat in June 2011 and taken loan from bank. I am paying EMI since August 2013. Physical possession of flat given to me in November 2014 but sale deed not given to me by builder till ...

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