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For questions that relate to the laws, practices, and products of the United States.

0 votes

Personal liability insurance with no car or house

Why? Personal Liability insurance is normally only needed if: You have a target on your back; sizable assets that someone would want to go after AND (sometimes OR) You perform some routine work (tr …
AbraCadaver's user avatar
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3 votes

Take out a loan vs. sell bond investments

I would undoubtedly sell the investments if they are positive, maybe even a little negative. That's what non-retirement investments are for, building wealth to spend, give, etc. Now you have a seco …
AbraCadaver's user avatar
  • 1,125
2 votes
1 answer
717 views

Relation between par value, offering price and trading range

I recently saw a public offering of securities stating the following: We are offering 2,000,000,000 shares of our common stock, par value $0.00001 ("Common Stock"), at an offering price of $0.00 …
AbraCadaver's user avatar
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1 vote
Accepted

Paying for Long Term Care Insurance for relative

Well, insurance is insurance. It may or not be needed, but if it is, you need the insurance. Monetarily to you, what is the difference between Rich Guy paying for LTC in 20 years and MIL dying in 20 …
AbraCadaver's user avatar
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2 votes

Sudden Wealth Management

First off, I'm very sorry for your loss. Depending on when the money comes in I would park it and give it some time. After that, one of the best investments is paying off debt. Right now your net w …
AbraCadaver's user avatar
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6 votes
Accepted

How would the following income be taxed?

Assuming the United States. This is a loan and not an investment. You report this as income and will pay your tax rate on the 18% of the money that the borrower pays you (any money paid above what wa …
AbraCadaver's user avatar
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2 votes
Accepted

My girlfriend has lived with me the entire year of 2018, with no job. Does she need to file ...

Short answer NO. From North Carolina: If you are a part-year resident, you must file if: You received income while a resident of North Carolina or you received income while a nonresident that was …
AbraCadaver's user avatar
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0 votes

Joint Account for Common Earnings

Do not use a shared bank account. One of you can cash/deposit the check in your personal account and then either pay the others in the group cash or write them a check. You open yourself up to many, …
AbraCadaver's user avatar
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0 votes

What to do with old company's 401k?

Your best bets are a Roth IRA or traditional IRA. If you roll it to a Roth, you will have to pay taxes on the amount you roll over (unless it was a Roth 401k), however what is in the Roth will grow t …
AbraCadaver's user avatar
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6 votes
Accepted

European vs. American mortgage underwriting with regards to the health of the borrower

In the United States, the Fair Housing Act and the Americans with Disabilities Act (ADA) prohibit discrimination based on health problems. It doesn't matter how old you are or what health problems yo …
AbraCadaver's user avatar
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5 votes
Accepted

How Deductible Taxes Work When Not Withholding Taxes

There are several questions here but I'll try my best. Deductible Taxes State, local, and foreign income taxes State and local general sales taxes State, local, and foreign real estate taxes, and …
AbraCadaver's user avatar
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0 votes

How much impact does employment have on credit score?

What is normally meant (in the U.S.) by your Credit Score is called a FICO score and is calculated from your credit reports from one or more credit bureaus, using the information that they have. This …
AbraCadaver's user avatar
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2 votes

What should I prepare for tax-wise when moving from one state to another?

If you register your vehicle(s) within 60 days of moving to Maryland and can prove that you paid 6% or more in sales tax to the state where you bought the vehicle(s), then you owe $100 tax. Otherwis …
AbraCadaver's user avatar
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