Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

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1500 questions
41
votes
4 answers

Will my children owe taxes on my life insurance proceeds?

I had always thought that life insurance proceeds were not treated as taxable income. From IRS publication 525: Life insurance proceeds paid to you because of the death of the insured person are not taxable unless the policy was turned over to you…
Portman
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2 answers

If he wanted control of the company, why didn't Elon Musk buy 51% of Twitter shares instead of 100%?

This might be a simple question but the answer escapes me. Elon Musk wanted full control of Twitter, so he bought every outstanding share and made the company private. Couldn't he have achieved the same result by buying only 50%+1 while leaving the…
Martín Fixman
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10 answers

Why do NFTs have value?

I've seen dozens of articles on NFTs, and not comprehended a single one. So when someone made an NFT of the first Twitter posting, I didn't understand how that would be a means to generate any sort of financial return. Even if the copyright on the…
Mike Serfas
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1 answer

Canadian citizen, TN worker, commute daily from Canada: am I a US person for tax purposes?

I only have citizenship of Canada. I work for a US company on TN Status. I commute daily from home in Canada to office in US and back. I do not reside in the US. I get a W2 and file taxes with the IRS every year. I have property and equity only in…
Keerikkattu Chellappan
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41
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7 answers

Why do stock exchanges have minimum share price requirements?

Most stock exchanges have rules about minimum share prices, below which a stock may be suspended or delisted from the exchange after a grace period. For example, the New York Stock Exchange requires a minimum share price of $4 at the time of…
Flux
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41
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13 answers

How can a client pay me for freelance work if I don't want him to know my name and he is uncomfortable using bitcoin?

I've been contacted on a specialized Internet forum and offered a well-paid one-off job to translate a highly specialized text, and I'm happy to accept the offer, but there's a problem: I have always posted on that forum under an anonymous nickname…
Sandra
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41
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9 answers

Why would a life-insurance company agree to a 20-year guaranteed life annuity which is expected to pay out more than the principal?

I'm working through a paper on lifetime annuties, and in the paper, the following example is presented: With an initial purchase of $100,000, and a guarantee period of 20 years, an 80 year-old female would receive an estimated monthly payment of…
Andrew Harris
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9 answers

Do I care if the housing market has gone up or down, if I'm moving from one house to another?

I can see several cases in which it obviously IS important if the market is high or low. e.g: if I'm buying my first house if I'm retired and selling my last house if I'm moving to a very different country/city, whose housing markets aren't very…
Brondahl
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41
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4 answers

Am I being scammed by a sugar daddy?

I met a guy on a sugar daddy dating site and we talked, I told him my situation and he said he would help. He asked for my bank account information and I told him you can use cash app or PayPal to go through. He said his account manager deals with…
christina petty
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41
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7 answers

Credit card offering 0.5 miles for every cent rounded up. Too good to be true?

I just received an offer on my credit card (Barclays Aviator, if needed to verify). The offer (Flight Cents) is as follows: I can choose a limit every month ($1 to $500) Every transaction during a billing cycle will earn points (American Airlines…
perennial_noob
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41
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4 answers

Accidentally cashed a check twice

I got a loan from a company, it was a paper check that i had received the check in April. I found the check today, un-signed, no void notes. I figured I hadn’t cashed it in considering it wasn’t even signed. So I took it into a "Check into Cash" and…
bbscutt
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41
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10 answers

Why would anyone buy U.S. Treasury Bills?

From the Treasury Direct website, I saw this Bills: U.S. Treasury Bills are a type of short-term security of one year or less, usually issued at a discount. The discount is the amount the security is lowered from its face value and is considered…
Wapiti
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5 answers

Do institutions have right to ask for your credit card security code and all other CC data?

A school wants my credit card data including a security code. They've sent me a form to fill in about my card. As I know security code is something that shouldn't be shared publicly. Should I provide it to them?
Green
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40
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6 answers

Should I pay down my student debt early?

I just graduated university and started my first job. I have £50,000 in student loan debt at 6.1% interest. My monthly payment on this debt is £10 (direct from my paycheck). I can afford to pay £200 a month, but should I? I've heard that student…
Callum Maguire
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40
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4 answers

Is a higher salary worth not having a 401(k)?

An individual recently got offered a job that paid significantly more than what she is making now (more than $18k - which is the maximum 401(k) contribution). She currently makes $30k a year. However, this company does not have a 401(k) plan for…
Michael
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