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2answers
618 views

Is there a difference on how the property is divided during the divorce based on gender, in the U.S.?

I know in most developed countries, women can get rich from divorce. But suppose a poor man marries a rich woman and they divorce later. Can the poor man claim part of the woman's assets? Or does it ...
0
votes
2answers
1k views

Tax Implications of Renting a property

I am thinking of buying a condo and renting it out. Let's say I buy it for $200k, and then put it up for rent at $1500/mo. I have to pay $500/mo in HOA dues + property taxes. How much tax do I owe at ...
1
vote
0answers
1k views

Historic (CAGR) of DJIA, S&P500, NASDAQ

Looking for concrete data for a presentation I'll be giving about personal finance. I'm looking for the average market return of the three big indexes from 1950-onwards at least. I've been able to ...
3
votes
1answer
1k views

What are the time limits on a 401k direct rollover?

Is there a time limit from the date you request a direct rollover from your 401k until your former employer completes the transaction? When does the 60 day rollover clock for the IRS begin?
2
votes
1answer
144 views

What is the difference between “term life” and “term life with group rates” insurance?

I recently got an offer from AAA to purchase "term life" insurance (which I know to be the better type of life insurance), but at "group rates" - ie, the rates change based on which age band you are ...
8
votes
1answer
929 views

If my fiance gifts me $18K and we get married before the end of the year will the gift tax apply?

My fiance and I are trying to buy a house. The loan is in my name, but he would like to pay for $18K worth of closing costs. The plan is to close the deal by 10/21/2013. If we get married by the end ...
2
votes
2answers
2k views

Do I need to file taxes jointly with my girlfriend if we live together?

Before I met my girlfriend, I lived in a condo. Now I rented it out and I live with her and pay her rent. Now we are not legally married or signed common law agreement or anything like that, but I ...
1
vote
1answer
5k views

As an independent contractor, should I always charge the client the GST/HST?

As an independent contractor, does my hourly rate determine if I should charge GST/HST to the client? Or should I charge it always?
0
votes
4answers
2k views

Is real estate considered a depreciable asset?

At the following link defining Capital cost allowance, why do they say that a building is a depreciable property: Capital cost allowance (CCA) A yearly deduction or depreciation on the cost of ...
-2
votes
1answer
287 views

What corporation tax am I required to pay as an independent contractor?

Refer to this link at Canada Revenue Agency. I am unsure that for an Ontario resident who opens up a corporation, what corporation tax would I pay? Let's say I charge 60$/hr + 13% HST to my client. ...
-1
votes
1answer
72 views

Will life insurance be a problem if I go from full time to contract and back to full time?

Currently, I have life insurance through my employer. If I leave the company and become an independent contractor, then after 2 years go back to full time with another employer that also offers ...
0
votes
1answer
125 views

Is money from selling an investment property taxed at the marginal rate?

If I sell my condo (an investment property, not my primary residence) then I imagine I need to pay tax (provided I make a profit). If I don't make profit, can I use the loss against my salary income ...
7
votes
1answer
220 views

Retirement accounts for non-working spouse

What options are available for a non-working spouse as far as retirement accounts/contributions go? I'd imagine that there are no pre-tax options, since the non-working spouse has no direct income. ...
1
vote
1answer
2k views

Can I receive payments (EUROS) from my International clients in my savings bank account in India for my business services

I am starting a small international outbound sales campaign and will be selling my web development services. 100% payment will be received in Euros through wire transfers in a bank account or through ...
1
vote
2answers
179 views

Do my parents need to purchase long-term care insurance?

I've been hearing about long-term care from my parents since my sister moved out two years ago. They'll have to let me finish college before buying it, however. What is the purpose of long-term care ...
9
votes
7answers
6k views

Bank account in Germany for non-residents?

I'm an EU citizen currently working in Germany. I have a bank account there, but when my contract ends, I'll probably migrate to other country, but it's likely I'd return there after some time. I ...
8
votes
6answers
4k views

Is a “total stock market” index fund diverse enough alone?

I'm just getting into investing (currently small amounts, to increase dramatically when I finish off my moderate interest student loans). From what I've read, index funds are the way to go, and I like ...
2
votes
1answer
252 views

With max contributions possible, what are the advantages of an IRA over a solo 401k?

The only cited disadvantage I have seen for solo 401k's are fees to administer them. My broker has no fees, so we can cross that off the list. Given my position to max out a solo 401k and contribute ...
2
votes
1answer
293 views

Exercise ISO or NSO in solo 401k?

I have a solo 401k. My employer does not offer one. What is the correct way to exercise employee stock options with capital from the 401k to make the resulting stock an asset of the 401k? Ideally ...
11
votes
3answers
13k views

Opening American credit cards while residing in the UK

In order to introduce the context of the question, I am a UK citizen with a good credit rating and no debts who currently resides in the UK, and do not currently own property in the US. In reference ...
7
votes
3answers
6k views

How are futures contracts setup at an exchange?

I'm having a hard time wrapping my head around how the actual contracts are structured at an exchange. Here are my questions: If an exchange facilitates the trading of futures contracts and nobody ...
2
votes
2answers
108 views

How can contractors recoup taxation-related expenses?

I am doing consultant as my job side job. I am wondering if I should put tax in my invoice on top of my charges. This is the current state of the negotiation regarding taxes: You will not be ...
5
votes
1answer
246 views

Tax implications of lump sum vs monthly payments

My ex-husband and I owned some secondary property along with my brother- & sister-in-law and mother- & father-in-law. The property was for sale when we divorced, and I was to receive 1/6 of ...
9
votes
2answers
42k views

Can Japanese banks receive payments via IBAN?

Can Japanese banks receive payments from outside Japan via IBAN? For instance, Japan Post Bank does not accept IBAN, so sending money to a Japan Post Bank account is very complicated. Is there no ...
2
votes
2answers
7k views

What does Capital Surplus mean?

Given this information below, what does capital surplus mean? When does a capital surplus go up? What is the formula of capital surplus? I have read Wikipedia's definition, and it only seem to ...
2
votes
1answer
1k views

Inflation rates to expect over the next 30 years, 401k planning

I am a recent college grad and now a new hire looking to choose 401k options. I am wondering what the general strategy behind choosing a 401k investment rate is. I have been reading Recent graduate ...
9
votes
2answers
8k views

Why is a coin an asset whereas a note is a liability on the Federal Reserve's balance sheet? [closed]

Can someone explain me why coins are assets and notes are liabilities for the U.S. Federal Reserve? I know coins are made from "precious" metals, but even notes are made from various materials too, ...
2
votes
1answer
219 views

Transfer mortgage between two different properties without penalties

Can a mortgage be transferred to purchase two different properties without penalties? I live in BC Canada.
2
votes
3answers
11k views

What effect would currency devaluation have on my investments?

I am curious what effect currency devaluation has on the value of my various investments/assets. For instance, I have retirement savings in mutual funds, growth stocks, and bonds. First, let's ...
0
votes
1answer
18k views

Calculating a stock's price target

In the book 'Insider Buy Superstocks', he seems to be calculating price targets like this: [last quarter EPS] x 4 x PE = price target Does that look correct? Is he basing PE off the current stock ...
3
votes
2answers
983 views

Annuities question - Equations of value

Chuck needs to purchase an item in 10 years. The item costs 200 today, but its price inflates at 4% per year. To finance the purchase, Chuck deposits 20 into an account at the beginning of each year ...
5
votes
2answers
11k views

Do I need to refile taxes after receiving late K-1?

I inherited a relatively small amount of money from a trust after my grandmother passed away in 2012. The amount was well under the threshold of paying any estate taxes at either the federal or state ...
4
votes
1answer
272 views

Process for dissolving a recently-opened Colorado LLC?

I need help dissolving an LLC a couple of friends and I created. It seems as though we jumped into this much too quickly and unfortunately, things did not go as we had planned. I am in the U.S. and ...
2
votes
1answer
12k views

Why can low volume move a stock price drastically?

Over the summer on days with very low volume, there were substantial movement in the stock markets. Why is this? Is it because there aren't enough market forces in check to really give a correct ...
3
votes
1answer
121 views

Can I invest in local businesses and infrastructure?

Is it possible to invest in such things like: A small "mom-and-pop" store A hospital A utility company A credit union etc. or infrastructure projects such as: Building new water or power lines ...
-2
votes
2answers
869 views

Why are mortgage interest and taxes considered tax deductible?

I have trouble understanding the rationale behind why certain things are tax deductible while other things are not. For example, I understand that RRSP contributions are tax deductible because I am ...
4
votes
3answers
22k views

What does the average log-return value of a stock mean?

Assuming log-return is defined by the log of the price today divided by the price yesterday. Does knowing this single piece of information (the average log-return of a stock over a long period of ...
3
votes
2answers
633 views

US tax liability for a non-resident with a US LLC that does business in the US

I'm a non-resident of the US and I've never been to the US. However, I have an LLC in the US. I sell computer software warranty services where we fix computer problems remotely from India. I have a US-...
1
vote
1answer
157 views

I sublet my flat. What should I put when scholarships ask me for the owner's contact information?

I'm a student, and I've been living in a rental flat for a week. As it happens, some scholarships ask me to give details about my contract terms. Everything is all right so far, but the person that ...
2
votes
2answers
687 views

How many home purchase loans can a non-resident Indian get in India?

I have a housing loan (purchase loan) with a bank in India, which is going very smoothly without any dues. My present salary is approx. 250,000 INR (15,000 UAE dirhams). I would like to purchase one ...
15
votes
5answers
2k views

Does it make sense to buy an index ETF (e.g. S&P 500) when the index is at an all-time high?

I have some money I intend to invest over the next 3-4 years. An important chunk of my portfolio would be invested in a stock market index ETF such as one representing the S&P 500. Unfortunately, ...
3
votes
2answers
301 views

Looking at Options Liquidity: what makes some stocks so attractive for options traders?

I've noticed that options volumes can vary dramatically between underlying securities. What makes some stocks (e.g. AAPL, BAC) so attractive for options traders?
5
votes
1answer
2k views

Moving mid-year to a no-state-income-tax state (Indiana to Washington)

It is my understanding that if you move from one state to another mid-year, then, depending on the states and the details of the move, in each state, you are generally either taxed only on the exact ...
3
votes
1answer
2k views

Making good use of the (optional) Num column in gnucash? “name-of-counterparty” column

In previous humble attempts to learning-the-ropes of household accounting (in conventional spreadsheet software) I used to have a column to hold the name of the counter-party, e.g. the supermarket ...
2
votes
1answer
8k views

Where can I find historical data on home equity loan rates?

I have found a graph of historical home equity loan rates on bankrate.com, but I am looking for the underlying data, so I can do a 3-year average. I found the equivalent for mortgage rates on Freddie ...
0
votes
1answer
410 views

Can my own corporation deduct my expenses even if I am a full time employee?

Say I decide to become a software developer contractor and open a corporation. So, I am allowed to write certain things off as corporation expenses (e.g restaurant bills, gasoline bills, etc.) Then, ...
8
votes
3answers
22k views

Questrade - What happens if I buy U.S. stock with Canadian money?

Recently, I heard that when you buy U.S. stocks with Canadian money in a Questrade account, they actually make a loan of the U.S. dollar amount you bought even if you have enough money to do the ...
2
votes
1answer
2k views

Tax ID for an international student investing in U.S stocks

I am an international student studying at Villanova University in Philadelphia, PA. I am very interested in trying my luck at the U.S stock market. However, I do not work on campus and so do not have ...
0
votes
4answers
186 views

Ways to save for child's college education where one need not commit to set contributions? [duplicate]

I'm looking for a good way to save for college for my daughter. As a parent of a single income home, I am looking for a way to maximize my savings to reach my goals, but without having to go with a ...
1
vote
2answers
279 views

What does “basis points” mean in this context?

I read this sentence: Egypt's central bank cut its benchmark overnight deposit rate by another 50 basis points to 8.75 percent, its second rate cut in two months. What does basis points mean ...

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