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1500 questions
40
votes
4 answers
What is the logic behind a 50% of X% 401(k) contribution match?
In the situation where an employer is contributing a match to a 401(k), apparently a common formula is to match 50% of employee contributions up to a percentage of their salary. I have also seen this phrased as "50 cents for every dollar".
If the…
friggle
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6 answers
Can a car company refuse to give me a copy of my contract or balance details?
I have an auto loan with a car company that after looking at all possible amortizations, doesn't match what my payment should be. I'm talking with 40% interest rates, adjustable interest rates, shortened terms, etc; none of it matches my…
Anoplexian
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40
votes
7 answers
Why use credit when you have the cash?
I've heard several people state that they get loans even when they have the money to cover the cost in the bank, and it befuddles me why they would pay interest instead of using their own money.
This seems especially true in small business where I…
C. Ross
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40
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9 answers
Insurance company sent me huge check instead of pharmacy. Now what?
I received a $20,000 check from my insurance company that was supposed to go to my specialty pharmacy. It's made out to me. Since it was obviously a mistake, I called the pharmacy, and they said to sign it over to them and mail it.
However, since…
aryxus
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40
votes
1 answer
Where can I put savings for my kid that I literally cannot withdraw from?
I currently have a second savings account where I'm saving money for my child's future - most likely it will be used for their college and/or wedding.
I've heard horror stories of parents stealing their children's savings to feed an addiction. I…
Marsh
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40
votes
5 answers
What exactly can a financial advisor do for me, and is it worth the money?
I've been managing my own expenses pretty meticulously for the past 4-5 years since being out of college and on my own. Because of this, I feel I have more of a clue about finances than the average 28-year-old.
I use Mint to manage pretty much all…
NoCatharsis
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40
votes
10 answers
How to rescue my money from negative interest?
My bank has announced negative interest rates starting Q1 2016. I have CHF 250'000 in that savings account (Swiss Francs).
Now, pretty much all other banks will probably follow suit soon, if they haven't already.
Also, government bonds yield…
Quandary
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40
votes
4 answers
Justification for aggressive investment strategy when young?
I've frequently heard that the conventional wisdom is to be invested in an 'aggressive' investment strategy when young, and as you approach retirement age, migrate to a more conservative strategy. Given that I've heard it so often, I figure... it…
Rob P.
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40
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9 answers
What happens to my savings if my country defaults or restructures its debt?
I live in a eurozone country that a lot of people think will soon default or restructure its debt. My family has a savings account in a bank here. A similar question has been asked before, but it isn't quite the same thing.
First, what are the…
Naurgul
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40
votes
14 answers
What are the reasons to get more than one credit card?
I currently have one credit card, and I was thinking of applying for another one since my current card is Amex, and not many stores support that, so I'm thinking of getting a Visa or Mastercard one.
Aside from the said reason, what other benefits or…
Zaenille
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40
votes
9 answers
What are the downsides that prevent more people from working in high-income countries, and then retiring in low-income (and cost of living) ones?
Having experienced living in several different countries, the reality of different salary ranges and different costs of living has struck me.
You can work at a high salary country and make huge amounts of money compared to what you would make in a…
Zaenille
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40
votes
4 answers
I am considering leasing a new car for my ex-wife. What can go wrong?
My ex-wife is a financial wreck and is about to lose her car (lease is over) in an area of the country where you can't get around without one. She can't get a new one because her credit is really bad (bankruptcy, 2 evictions, home foreclosure,…
NeedAdvice
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40
votes
7 answers
Friends come with hat in hand, but I don't think it will help
I have two friends, a married couple with a ~1yr child. Shortly before they had the child, they moved in with his grandparents. The grandparents are apparently unwilling or unable to care to the child, so the father quit his job and became a…
Brian S
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40
votes
4 answers
Possible scam for security deposit - bank operation
I am looking for apartments to rent in Switzerland and I came across a bank operation that is rather new to me. In order to put down the security deposit, I would have to do the following:
Fill in a form with my personal data alongside my…
embedded_dev
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40
votes
14 answers
Are programmers in the USA still able to automate fetching their bank transactions, like was possible in the 1980s and 1990s?
I have a pretty simple question for primarily programmers in the USA, but it also goes for those elsewhere.
I'm in Sweden. A couple of years ago, just when I had finally set up an automated system to fetch my bank transaction records automatically,…
Delwin C.
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