All Questions

1
vote
0answers
264 views

Are there important differences between a 401k and 403b plan? [duplicate]

Possible Duplicate: How are 401(k), 403(b), and 457(b) tax-advantaged retirement plans different? How are they alike? I work for a non profit and as such my retirement plan is a 403(b) rather ...
3
votes
6answers
329 views

Are PINs always needed for paying with card?

I'm a little concerned because I just payed to get access to Spotify Premium and it only asked for my card number and 2 other details that were on the card. Nothing like a PIN. Also I noticed that at ...
6
votes
4answers
8k views

Is there a way to convert from a monthly rate to annual?

This might seem like a silly question, but I'm trying to work out how much something will cost if I pay for it on my credit card instead of paying monthly to the company at their interest rate. The ...
13
votes
2answers
15k views

Is there something on a check (cheque) that determines what currency it is?

We're a US company. We got a check from a Canadian company and usually the check will say "USD" on it. Otherwise when we deposit it, the check will clear as CAD. This check has no indicators on it....
3
votes
1answer
2k views

Is it worth incorporating, when working in Canada as a contractor for an employer in the US?

Assume a Canadian contractor is working remotely from Canada for a US based contracting company. Is it advisable to incorporate, in Canada, in this situation? Also, once incorporated in Canada, is it ...
5
votes
2answers
2k views

TD1: claiming carried forward tuition, education, and textbook amounts from previous years

When filling out a TD1 form, there's a section entitled Tuition, education, and textbook amounts (full time and part time), where it states: If you are a student enrolled at a university or college,...
2
votes
2answers
154 views

Is it possible to estimate individual rate of inflation for a person as against the avg inflation rate for that country?

Even though normally we all use a specified inflation rate per country for financial calculations (i.e real returns, salary increases, etc..) isn't it possible for the inflation rate to have different ...
0
votes
1answer
199 views

Can the bid price for selling the same call option in calendar spread be different from that in covered call?

I am trying to sell C (citi) call options expiring 2013 Jan at $5.00 in 2 different modes. Calendar spread mode: Bid Price is $0.24 Covered call mode: Bid Price is $1.01 1)Why is there a difference ...
6
votes
1answer
124 views

re balancing portfolio by only buying more or by both selling and buying under and over allocated assets?

For doing a re-balance of a portfolio, is it a better idea to just buy more of the under allocated assets or sell some over allocated assets to buy the under allocated assets. For my background, 28 ...
4
votes
2answers
1k views

classify investments in to different asset types

I am trying to do a portfolio re-balance starting this year. To do that I want to divide my investments into different asset buckets. I have chosen to use the following type of asset allocation -- ...
3
votes
1answer
225 views

Why are gasoline prices so hugely different between America and Europe?

I noticed in several cases it's triple or more.
6
votes
4answers
567 views

How can I tell if a mutual fund is inflated?

To reach a prudent asset allocation, I need to add a small cap mutual fund to my portfolio. I'm a little concerned that I am "buying high" because all the small cap funds I'm considering (below) have ...
4
votes
2answers
822 views

Side work taxes higher if regular job salary higher?

Simple question. If Person A makes $150,000 at their regular job (W2) and brings in $5,000 on a side job (1099-MISC), do they owe more in taxes on the $5,000 versus Person B, who earns $50,000 (W2) at ...
3
votes
3answers
260 views

Books, Videos, Tutorials to learn about different investment options in the financial domain

I am a software developer joining a hedge fund this week and I dont have much knowledge of finance and want to learn everything about it. I know the basic investment options of shares and bonds, ...
18
votes
5answers
2k views

Relationship between silver and gold prices historically

Can anyone tell me, or point me to documentation that shows the historic relationship between gold and silver prices? Or, better yet, can anyone point me to a source that shows monthly or weekly gold ...
1
vote
2answers
1k views

Why does APR sometimes show as lower than the stated mortgage rate?

I see an offer for a 15 year fixed jumbo at 4.5% with a 4.622% APR while on the some advertisement it shows a 5/1 ARM jumbo at 3.875% with a 3.283% APR. Why is one APR higher and the other lower?
3
votes
1answer
573 views

Does reopening a Chapter 7 bankruptcy to reaffirm a mortgage change the date of discharge for reporting to credit bureaus?

I am considering reopening my Bankruptcy Chapter 7 that was discharged last year for the purpose of reaffirming my mortgage for the purpose of boosting my FICO score by adding a mortgage to my mix of ...
1
vote
1answer
843 views

How can I get credit inquiries bumped off my Equifax credit report?

I understand that there is a bug with Equifax such that if you pull your credit report enough times, you eventually will bump off older hard inquiries other than those for mortgages and cars. Please ...
3
votes
1answer
626 views

What are the available credit card companies that offer virtual credit card number generation?

What credit card companies offer virtual credit card number generation for one-time purchases for extra security over the Internet? I heard that PayPal offers this for their debut card, but am not ...
4
votes
2answers
613 views

Options for risk-free investment or savings over one and two years?

I converted my IRAs to Roths last year, and with the extension of the tax cuts*, I've decided to split the tax burden over 2011 and 2012, even though I can afford to pay them for 2010. Given that I ...
5
votes
4answers
421 views

Should a $150K mortgage @ 6% be paid off with $150K withdrawn from a 401K at retirement?

Should a $150K, 30 year mortgage @ 6% be paid off with $150K withdrawn from a 401K account at retirement?
8
votes
5answers
207 views

How do I budget for heating & cooling?

I'm revisiting my budget and the amount I have slated for electricity was off by roughly 30 dollars or 50 percent. I live in an all electric apartment, no gas or fireplace. Here in Kansas we get cold ...
5
votes
6answers
420 views

How to plan my Finances when about to have a baby: What are some considerations to be aware of?

I would like some insight into the process for financially planning to have a child. Outside of the obvious upfront medical expenses, what are some important financial considerations that I should be ...
2
votes
2answers
206 views

Traditional IRA taxes: Are withdrawals of contributions taxed different than earnings?

Are the contributions to a traditional IRA taxed differently than the earnings when withdrawn and/or are they both considered taxable income when withdrawn? And at what rate? Capital gain or regular ...
5
votes
2answers
180 views

How to calculate taxes owed on conversion from Traditional to Roth IRA in 2010?

How do I calculate the taxes owed on a conversion from a Traditional IRA to a Roth IRA in 2010?
3
votes
2answers
1k views

How badly does a collection account sent to the credit bureau hurt my credit score?

I'm a college graduate, home owner, and I have a decent credit score. I just received a letter from a collection agency claiming I owe upwards of $700 on a delinquent debt from an apartment I lived in ...
12
votes
4answers
688 views

Covered Call Writing - What affects the price of the options?

A little while ago, I bought $800 worth of stocks and sold about $200 worth in call options against the stock. I think it was 200 shares and 2 contracts (so my options weren't naked). That takes the ...
9
votes
2answers
338 views

How can I find/compare custodians for my HSA in the United States?

I have a high-deductible health plan that qualifies me to open an HSA (Health Savings Account). Where are good places to find an HSA in the US? What sorts of features should I look for? What extra ...
2
votes
1answer
48 views

Is there an online resource that provides a current and comprehensive list of US Federal tax deductions and credits for individuals?

There are lots of sites out there that have lists of common tax deductions/credits and several that list ones that people often forget to take. However, is there a good resource that provides a ...
5
votes
4answers
1k views

What's the difference between TaxAct and TurboTax?

I've always used TurboTax, but found an edition of TaxAct that will do state, federal plus schedule c for about 33 percent of the price of the Turbotax edition? Does TaxAct not do some important ...
2
votes
2answers
367 views

Is it worth it to re-finance my car loan?

I have 60-month car loan at 4.75%. My bank sent me a note saying that I am able to re-finance at 3.25%, to either 60 or 48 months. I am calculating that it will probably save me about 400-500 ...
7
votes
2answers
374 views

What are the ongoing administrative requirements associated with running a small business that is incorporated?

Throughout my career, I've done some development and consulting projects in addition to my full time job. I've always just reported the income on my personal income tax forms. Now that I am getting ...
3
votes
3answers
1k views

What's the best secure tax deductible investment?

I will receive a lump sum amount as a voluntary departure pkg. I live in Ontario, Canada and want to know what I should invest this amount in (GIC/Mutual Fund) that will get a high return and be tax ...
8
votes
2answers
2k views

I run my own nonprofit corporation. Should I pay myself as a contractor or an employee?

I started a run my own nonprofit corporation. We have a board of directors and my title is executive director, founder, and am on the board. We have been completely volunteer staffed including ...
3
votes
1answer
1k views

Anything wrong with American Express “Personal High Yield Savings” account?

I got a letter through the mail from American Express offering me a sweet 1.3% interest rate with an FDIC-insured savings account. I currently have a business savings account with a princely 0.35% ...
6
votes
5answers
2k views

Which secured credit cards start building your credit history right away?

I spoke with 3 banks this morning and they all said that for the time I was on the secured card, they would not report me to the credit unions and companies. They would just keep the score internal to ...
1
vote
1answer
136 views

Can I apply for immigration if I have a house mortgage to pay?

I am planning to continue to pay the mortgage after immigration. But I don't know if the bank will allow me to pay house mortgage from another country.
3
votes
1answer
2k views

Is insuring property for more than it is worth allowed?

Suppose I have some property and want to insure it against fire. The purpose of the insurance is to let me get a new comparable sample of such property in case it is destroyed by fire. The problem I ...
4
votes
2answers
368 views

The IRS incorrectly changed my return. Is it too late to do anything about it?

My wife and I purchased a home last year and claimed the first-time homebuyer credit. After filing, we received a notice that our return had been changed, and our refund had been adjusted down exactly ...
7
votes
3answers
1k views

Where can I find the dividend history for a stock?

Where can I find the dividend history for a stock? Do you recommend any site where this information is easily accessible?
5
votes
3answers
301 views

How long do you need to have High Deductible insurance before contributing to an HSA?

I am just about to leave my high deductible plan for a plan that is not HSA-eligible. As I understand it, I could max out my HSA for the year right now, and then I could use the money in my HSA for ...
4
votes
1answer
84 views

How do I take a loss on an IRA I converted to a Roth IRA?

Can I take a loss on conversion? If so, how do I do so (i.e. what U.S. tax form do I use)?
5
votes
4answers
387 views

How do I determine how much money to put into pre-tax and post-tax retirement accounts?

Is there a good rule of thumb for determining how much money to put into each type of account? I'm not at a point where I can max both my 401k, my ROTH IRA, and my wife's ROTH IRA, so I'd like to know ...
4
votes
1answer
145 views

Federal Stafford Loan deferment options?

I have a question pertaining to Federal Stafford Loans, I think it goes here, let me know otherwise. I have several student loans, Federal Stafford Loans to be exact, and the National Guard has ...
3
votes
3answers
3k views

Will Adding myself as a co-holder of my parent's credit card build my credit history?

I have been in the U.S. since 2007 as a student, and only recently realized the importance of buliding my credit history. My belief is that a credit card is the way to start building a credit history....
9
votes
4answers
236 views

How to take a home inventory?

An answer to the question Spring cleaning for your finances? Is there any activity that should be done annually, with respect to your money? mentioned home inventory: The Inventory is also very ...
2
votes
1answer
495 views

How can I invest in US Stocks from outside the US with a credit card instead of a bank account?

I would like to know if it it possible to invest, buy stock, for example in Apple from outside the US. I would not like to use bank accounts in possible rather the credit card, to do this, what ...
5
votes
2answers
2k views

How do (United States) 529 college savings plans work for attending college in another country?

I've been looking into 529 plans for my son (3 yrs old) but he has dual citizenship (US and Canadian). It is possible that he might attend college in Canada. I've look around for information on ...
1
vote
2answers
637 views

Tracking the Madrid Interbank Offered Rate (MIBOR) and the Euro Interbank Offered Rate (EURIBOR)

Does anybody know how to quickly check (or track) the EURIBOR and MIBOR? I tried Google Finance, but it doesn't recognize the acronyms or the names of the rates. Thank you
8
votes
2answers
4k views

What are the odds of being assigned for a long dated in-the-money call option?

If I sell a 2-year future dated call option that is slightly in the money (For example if Citi today is $5.13, I sell a call option for strike price $5.00 at Jan 2013 - today is Jan 2011), what are ...

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