43 votes

How can I get the same protection shopping with a credit card, without using a credit card?

Dave Ramsey is well-meaning, but wrong sometimes. Aren't we all. What Dave is really saying is "You can't have credit cards because I don't trust you to use them responsibly". I realize that ...
14 votes
Accepted

Why did accelerated vesting apply to the CEO but not regular employees of Twitter?

Based on news reports, this was a "golden parachute" within his contract that accelerated his equity awards if he were terminated within 12 months of a "change of control". It's ...
  • 119k
14 votes

How can I get the same protection shopping with a credit card, without using a credit card?

In the United Sates the safest method of paying is with a credit card. There is always a lag of weeks between the usage and the pulling money from the bank account. There are ways to dispute ...
13 votes

How can I get the same protection shopping with a credit card, without using a credit card?

If you are able to do so, continue to use your credit card, but monitor your use and keep it under control. I always keep a certain amount on a separate account which is supposed to be seen together ...
  • 4,819
11 votes

Adjustable Rate Mortgage (ARM) in 2022?

they say that interest rates are very high right now and are likely to come down in the next 10 years, at which point I can refinance with a fixed rate. Or not. And then what? Is the rate difference ...
  • 137k
10 votes
Accepted

Can I pay social security taxes if I don't work?

To answer your question directly, no it is not possible to elect to pay additional social security taxes when you have no employment income, in order to increase your future benefit. However, this may ...
7 votes

"Correct" way for someone working under the table in the US to pay FICA taxes

Answers from past questions about underwithholding of FICA taxes due to F1 students switching from nonresident to resident (see this and this) seem to indicate that it's entirely the employer's ...
  • 137k
6 votes

Adjustable Rate Mortgage (ARM) in 2022?

From a risk assessment point of view, an ARM reduces lenders risk and increases the borrowers risk. Any plan to avoid the increase by refinancing is foolish. Typical ARM loans are less than 1% “...
  • 1,317
5 votes

How can I get the same protection shopping with a credit card, without using a credit card?

In the US (I can't vouch for elsewhere) debit cards are under different regulations than credit cards and are not as safe, but can be used in most places credit cards can be. You do have to maintain a ...
  • 33k
5 votes

Adjustable Rate Mortgage (ARM) in 2022?

The advantage of an ARM is that the initial interest rate may be lower than what you would have to pay for a fixed rate. Suppose the bank calculates that, under present market conditions, they could ...
  • 21.5k
5 votes

Can I 'reverse' an S Corporation distribution?

You're basically saying that you paid yourself the salary, but didn't pay the necessary payroll taxes. To avoid interest and penalties, you need to file an amended form 941 for that period (Form 941-X)...
  • 137k
5 votes

"Correct" way for someone working under the table in the US to pay FICA taxes

And whether someone counts as an employee and independent contractor is determined by the facts; an employee cannot simply "choose" to file as an independent contractor. Kind of, but it's ...
  • 66.6k
4 votes

How can a bank make it possible for their customers to get their salary up to two days in advance?

How could a bank do it? The same way as Revolut does it: by partnering with employers to get keyhole access to their payroll data. You turn in your time sheet on a Friday to get paid for the next ...
4 votes
Accepted

ACH Direct Debit Blocking (fraud protection, security)

Business accounts Positive Pay Several banks offer a service called "Positive Pay" for business accounts, which basically offers the ability to create a list of checks you have issued and a ...
3 votes

us citizen receiving bank transfer from foreign boyfriend

I have a boyfriend from India He may be claiming to be your boyfriend, but it's far more likely he is a conman, trying to build up confidence with you so he can use you to further his ends. Exactly ...
  • 2,827
3 votes

What's the benefit of giving through the Combined Federal Campaign?

I presume this is, like most such employer-offered campaigns, run by United Way or structured similarly. Its main advantage to the employer is that it lets them brag about how socially responsible ...
  • 33k
2 votes

How can a bank make it possible for their customers to get their salary up to two days in advance?

Direct-deposit paychecks don't require as much validation. The bank can afford to take the very small additional risk of releasing the money earlier.
  • 33k
2 votes

How can a bank make it possible for their customers to get their salary up to two days in advance?

One way a bank can make it possible for their customers to get their salary up to two days in advance is to offer an early direct deposit option. This would allow customers to have access to their ...
2 votes

How can I get the same protection shopping with a credit card, without using a credit card?

PREPAID CREDIT CARD If your goal is just to protect your bank account by minimizing how frequently you directly access it while also avoiding building up debt and interest on a credit card, you can ...
  • 121
2 votes

Working as a European self-employed for an USA company

I've been asking this question hundreds of times to US companies. I got many different answers, here are some of them: Want US based employees (convenience & peace of mind) State laws: California ...
2 votes
Accepted

Can you defer the taxes on the gain of the sale on your home by buying another home?

Can the homeowner defer the tax on the remaining $150K by buying a new home to live in? That program ended in the 1990s. Before then you could defer taxes on the gains by buying a replacement house. ...
2 votes

How to optimize my charitable donations by giving as little as possible to the US government if I already pay no income tax

I agree that this reads like a rant rather than a question, but assuming you are in the US the answer is simple: When you donate to tax-exempt charities they don't pay tax so you're already most of ...
  • 33k
1 vote

How can I get the same protection shopping with a credit card, without using a credit card?

I was in a similar position at one point, wanting to do what I could to ensure I didn't rack up a bunch of debt. In the U.S. at least, credit cards have protections (and rewards) that other payment ...
  • 2,126
1 vote
Accepted

Is the final estimated tax payment required if you will get a refund without it?

No. The amount of (withholding and estimated) tax you need to have paid in the whole year is the safe harbor level, which is 90% of this year's tax liability or 100% (or 110% for high earners) of last ...
  • 15.9k
1 vote

Is the final estimated tax payment required if you will get a refund without it?

No, if your first three estimate payments cover your full tax liability, you would not have any issues skipping the last one. It is intentionally supposed to be after the end of the year, when you can ...
  • 137k
1 vote
Accepted

Any tax difference between RSUs vs. cash income?

Absolutely no difference, conceptually. In practice, when RSUs are being vested, some are usually immediately sold to cover tax withholding. So you'll receive X-wittholding worth of RSUs. Same goes ...
  • 137k
1 vote

In USA can I donate index funds to a charity? If not what's the lowest effort option to take advantage of security donation over money donations?

To answer the question in the title (ignoring the rant): yes, you can donate securities, including mutual fund shares, to a charity, and donating appreciated shares avoids capital gains taxes when ...
  • 33k

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