All Questions

1
vote
1answer
74 views

What is the income limit for a qualifying relative dependent? [duplicate]

My younger sister is 28 years old. She lives in my house and I pay for more than 50% of her expenses (food, clothing... everything). Her income in 2018 was $7,000 for the year. She is a waitress. ...
65
votes
11answers
17k views

How can I prepare for my US student debt?

I'm a student at Drexel University. Drexel is a notoriously expensive school, and I pay roughly $35,000/yr in tuition, after awards. What's more, it is a five-year school. Currently, I'm in my fourth ...
-1
votes
1answer
123 views

how are the profits distributed in a company?

I was reading the financial statement of a company and the Profit After Tax And Before ExtraOrdinary Items was 132 Cr Rupees for 2017. But the total share capital and the Total reserves with surplus ...
1
vote
2answers
59 views

How does the US wash sale rule work in this specific case?

I have a question about wash sales. Here's the scenario: let's say I'm trading XYZ with the following transactions: December 10, 2019, Buy 100 shares of XYZ [Lot 1] @ $100 each December 17, 2019, ...
2
votes
2answers
190 views

Receiving questionable money Email Transfer [duplicate]

I have recently been offer a job as Account Technician, it's all done online. The job seems true with job search out and a decent webpage. My question is they want me to accept money thru Bitcoin or ...
3
votes
2answers
79 views

Federal Aid and Tuition Reimbursement at work

My situation is the following: my wife and I are adults who are trying to complete our first bachelor degrees respectively (we started our degrees and dropped out years ago) so far, we both have been ...
2
votes
1answer
71 views

The formula to calculate the Net Present Value of monthly rental payment, adjusted for rental annual increase?

I am renting my apartment out, and for that I need to calculate the Net Present Value of the rental payment, after deducting the management fees (f) and adjusted for rental increased. Assuming that ...
2
votes
1answer
291 views

How is a mutual fund and ETF priced?

Is a mutual fund and ETF priced the same way? regardsless of what it contains and if it pays didivends? Is it basically the price of all the assets? or is the demand in the market(as with a stock) ...
2
votes
1answer
90 views

How to learn status of bankruptcy?

I was a contractor for a company that went bankrupt seven months ago. I am still owed money. I have not heard from the bankruptcy lawyers. How can I find out the status of the bankruptcy, who the ...
2
votes
2answers
215 views

Accepted term for internet marketing scam/scheme

There's a lot of people out there who claim to have made millions selling stuff on the internet. They have a good rags-to-riches story and they wish to share their secrets with you. Except they're ...
5
votes
2answers
147 views

REIT versus real estate: total yearly returns (when accounting for leverage)

Recently, I saw an article arguing that REITs performed better than traditional real estate (RE) in terms of total returns: Jussi Askola, Don't buy real estate, buy REITs instead, Seeking Alpha, ...
1
vote
1answer
64 views

Australia- Bank account for newborn

I have just acquired a newborn, a would like some advice in setting up long term financial plan. I don't have a target amount in mind, just to have some money to help her when older (roughly 18-21 ...
58
votes
8answers
19k views

Should I deplete my saving and buy a house with cash, or should I rent?

My wife and I are very frugal. We've been living abroad for several years and saved a decent amount of our salaries. We've decided to move back to the US this year. We've found a modest home that ...
2
votes
2answers
136 views

Should I pay off my LOAN from my 401(k) ASAP?

I recently saw a ? on the Forum about "Should I pay off my Home LOAN from my 401(k) or continue to pay Interest to myself". Most responses seemed to think that paying it off ASAP was the best idea ...
3
votes
2answers
150 views

Can I deduct wages I pay to my personal assistant?

Imagine I have a personal assistant, ie, an employee or independent contractor who helps me with my personal tasks, eg, booking personal travel, running personal errands, purchasing personal products &...
3
votes
1answer
156 views

Paid off a US Bank credit card, but they sent two withdrawals - bank account overdrawn

I paid off a US Bank credit card on Friday (~$5000) and today in the morning I woke up to an empty bank account because they made two withdrawals, both for the same exact amount. I talked to US Bank ...
0
votes
1answer
120 views

Can one transit a friend's money through one's account cause any issue (e.g., triggering some tax event)?

For convenience and/or avoiding some banking fees, one may want to transit a friend's money through one's account. E.g. Alice's bank account in France -> Bob's bank account in France -> Bob's bank ...
0
votes
0answers
32 views

OOP and post copays

So I have a member who has a copay but states they have met their OOP for 9-2018 but the DOS is 12/11/18? Would they still be responsible for the copay even though they met their oop prior to the DOS?
0
votes
0answers
27 views

Is there an interchange fee for ATM withdraws? How does that compare to standrad Credit Card purchases

First, please note that I am not asking about how this impacts my personal finances. I would like to know the difference between fees going to VISA/MC and banks when using a debit card for ATM ...
2
votes
2answers
88 views

Are there any catches to no penalty CDs?

My bank offers a a 2.25% savings account. They also offer a 2.35% no penalty CD. This sounds like a straight upgrade with no downsides (ignoring a 7 day minimum holding period). This sounds too good ...
0
votes
3answers
228 views

Is it feasible Buying a Bike when I already own a car

I am already financing a car (Honda Accord- $18k) paying $309/month and insurance $113/month. I am single, my office is near by and I feel that this car is little big for me for now. I wish to buy a ...
0
votes
2answers
38 views

Does the share value grow if it's not traded

Imagine a company is newly listed in BSE. It is offering 100 share each with a face value of 10 rupees. Let A, B, C & D are 4 persons who shows interest in buying that share. Let's consider that ...
0
votes
1answer
81 views

Do digital payments count as cash wages?

According to Publication 926 (2019), Household Employer's Tax Guide, "Cash wages include wages you pay by check, money order, etc." Do cash wages also include wages I pay electronically, ie, without ...
38
votes
6answers
12k views

What stops management from just “compensating” themselves by taking all the stock in a company?

One of the odd things about a lot of modern companies is that the management, meaning the senior officers (CEO, CFO, CTO, etc) can pay themselves in stock. For example, Square's Jack Dorsey pays ...
0
votes
1answer
46 views

Accuracy of Hurst cyclic model for stock trading?

I just came across the Hurst nominal model for stock trading. Hurst claims 90% accuracy of this method. Does this model actually work?
1
vote
1answer
43 views

How to handle company related purchases when abroad (in U.S.)

I own a single person company in Europe (Ltd) and I'd like to know what is the proper way to ask for an invoice I can use to prove a cost for my company? It happened in the past that I bought ...
1
vote
0answers
22 views

Do I need to pay tax in the US on funds withdrawn from a pre-existing PF account in India

I have a PF [retirement] account through my employment in India, before moving to the US in Aug 2012. However, there were no fresh contributions made to this accounts during my residency in the US. ...
2
votes
1answer
71 views

Intelligent Investor Example from Chapter 1

As per Intelligent Investor Chapter 1 example In 1965 the investor could obtain about 4½% on high-grade taxable bonds and 3¼% on good tax-free bonds. The dividend return on leading common stocks (...
1
vote
1answer
11 views

Dividend from ESOP to Cash - India

I'm Indian and working for a US organisation in India. I have been investing in the Employee Stock Purchase Plan (ESPP) for a while now. During the initial investment period, I had not opted for re-...
0
votes
0answers
31 views

Canadian Questrade margin account question

I have a Questrade margin account. I had more than enough cash and in error bought US stocks. I wasn't paying attention to my figures just whether I made money. Once I saw the interest payments being ...
1
vote
1answer
74 views

I'm an F1 Student that has an W2 Form from volunteer work, am I in trouble?

I worked in a film last year and I did it voluntarily because to my knowledge I'm not supposed to be paid by non other than the university. They made me sign some documents because international ...
0
votes
2answers
42 views

When I shop for a direct lender, will the credit checks that they may do be bad for my credit rating? [duplicate]

Is it bad for my credit rating each time a possible lender does a credit check on me? I need to shop for a direct lender in order to get the best rate for a first mortgage on a property I want to buy,...
0
votes
1answer
100 views

Please help me increase my credit score. Take a look

Its been a journey paying off old debts and getting some creditors to wipe the slate clean. Below is my current situation. Any tips/recommendations on which way to go? 2 accounts are closed.
1
vote
4answers
236 views

What's the upside of having a heavy credit card?

I see that many fancy credit card are heavier than the typical credit cards. E.g. on https://www.uscreditcardguide.com/the-most-heavy-credit-cards-list/#3AmEx_Platinum_18g (mirror) it seems that the ...
3
votes
2answers
111 views

Gambling as geopolitical insurance

I am a British citizen living in Germany. I do not know the odds of any particular outcome of Brexit (and I'm not sure how to calculate any odds, as I don't have any relevant expertise in politics or ...
3
votes
3answers
1k views

Vanguard Target Year retirement funds track record

Some personal finance "gurus" recommend funds with a track record of at least 10 years. Both my current and previous employer default to Vanguard target year retirement funds. These funds from 2015 ...
1
vote
1answer
166 views

Recent grad with bad credit in need of auto loan

I'm a recent college grad. Due to some stupid things I did during my masters, I have a bad credit with 3 missed payments on my account and 2 collections. I got a job recently with a six figure salary ...
1
vote
0answers
42 views

What to file as a non-resident alien single owner of a U.S. LLC in Wyoming?

I'm an Russian citizen, living in Russia and I own a LLC in Wyoming. I am the only owner of this LLC (single member managed LLC). I use this company to accept international payments through 2checkout....
3
votes
0answers
43 views

Is there a difference in “termination of employment” qualifying event trigger between group health insurance and 401(k)? [migrated]

My job uses a Professional Employer Organization to handle payroll and benefits. This is a coemployment relationship, not temp/staffing, nor subcontract. The PEO is the issuer of my W-2 and listed ...
0
votes
1answer
54 views

When will a lender pay the upfront costs of refinancing?

I have a 30 year fixed mortgage with an interest rate of 4.875%. I’ve only been paying it 4 months. Interest rates appear to be dropping, so a family member told me: Interest rates have been ...
2
votes
2answers
86 views

$$ xfered using Xoom from US bank to UK bank deposited twice. Xoom informed, couldn't resolve. Keep money?

We live in the United States but retain a bank account in the UK since we used to live there. Back in November we transferred a couple of thousand dollars from a checking account in the USA to a ...
1
vote
0answers
35 views

Is the principal on student loans tax deductible in Canada?

A friend was suggesting to me that it would be wiser for me not to spend money that I am currently earning, since as a student, I am in a very low tax bracket / below the lowest tax bracket. Their ...
0
votes
0answers
65 views

HELP w-2 and 1099 during a divorce

In the middle of a divorce were we owned a company contracted with another to provide management and advisory. I was also employed as an employee for same company we contracted with. We split last ...
4
votes
2answers
54 views

Do employer contributions to an HSA count towards contribution limits?

They 2019 HSA contribution limit for a single person is $3,500. If my employer contributes $500, does that mean I can only contribute $3,000, or can I still contribute the full $3,500?
2
votes
1answer
140 views

401k Statistics

This article claims: In fact, the average 401(k) balance at Fidelity — which holds 16.2 million 401(k) accounts and is consistently ranked as the largest defined contribution record-keeper — ...
1
vote
0answers
10 views

Quickbooks online essentials: how to see a “Currency” column in the Accounts list?

The help text says I should be seeing a Currency column in the Chart of Accounts, I am in the "Essentials" version, and I'm not seeing "Currency". Is it possible to have different currencies for ...
2
votes
1answer
51 views

With which state/s must the payer file Form 1099-MISC?

I'm the president of a C corporation that's incorporated in Delaware. The C corp is physically located in Connecticut (where I live and work). My cofounder lives & works in Colorado. So, we have ...
0
votes
0answers
10 views

How to change the interface language for quickbooks online?

Some people who need access to my "Essentials" company on quickbooks online speak only French, but I cannot see how to change the language in the dashboard. Is there a way to do this?
-1
votes
1answer
104 views

No state refund this year? [closed]

Last year I received roughly $500 state tax refund. Everything is the same EXCEPT for the fact that I took on Full time(same company) in November. I did contribute to my new Retirement Plan, but it ...
0
votes
1answer
60 views

How to create an average of several unitized accounts?

I have a spreadsheet in which I track the unitized progress of three separate investment accounts (all made up of funds, bonds, etc). I think I'm using the Time-Weighted Return method described here ...

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