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1500 questions
26
votes
7 answers
Can my employer limit my maximum 401k contribution amount (below the IRS limit)?
I contribute about 13% of my income to my company's 401k, which, at my salary, is well below the IRS limit of $17K/year (in 2012). However, with my raise this year, my benefits department told me that they limit contributions to 9% of my salary…
SqlRyan
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26
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2 answers
What kind of scam is happening here, and is my next step to call my own bank or the institution that sent me money?
Today, I saw in my banking app that a single cent was added to my account. A bit of Googling tells me this is apparently done sometimes when someone signs up for a service, to validate that a person really exists. I've personally only ever seen the…
Tinkeringbell
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26
votes
5 answers
How to donate money anonymously?
I would like to donate some money to a charity, but I would rather they not know who donated it. How could I go about this if cash isn't an option?
C. Ross
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26
votes
4 answers
What happens to depositors at Silicon Valley Bank?
Today, Silicon Valley Bank is bankrupt, the second largest bank failure in American history.
What happens to its depositors? Will they be able to withdraw (some of) their money? How long will they have to wait? In what form will they receive it?
Stack Exchange Broke The Law
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26
votes
10 answers
Why doesn't common investment advice include the idea of pulling out of the market during downturns?
The most common advice goes somewhat as follows:
Every month, save as much money as possible after paying down your high interest bills
Put that money into an index fund
Reinvest dividends
Enjoy your retirement in 50 years
But it seems like…
JonathanReez
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26
votes
9 answers
What do the scammers do when they get access to someone's online banking?
Lately all the banks around here (Latvia) have been sending out warnings about scammers that try to get access to your online banking. Fair enough. But what confuses me is - so, what can they do after that? I mean, obviously they can transfer my…
Vilx-
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26
votes
5 answers
Why would scammers use PayPal?
I've been getting tens of ads in Instagram lately, about GPUs and PCs selling at 1/10 the normal price.
The method of payment from is PayPal. I am wondering how would this work in any way for the scammer. I can just pay via PayPal, wait for the…
Snow
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26
votes
4 answers
How do I report a gain in bitcoin that I received as reimbursement for buying a waffle iron?
In 2016 I was visiting a friend in another country and he asked me to bring him a waffle maker (~$35). He paid me back for the waffle maker in Bitcoin. I sold that Bitcoin in 2020 for ~$740. I believe that I need to declare that on my 2020 US Taxes.…
Michael
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26
votes
7 answers
Dealer is pressuring me to return the leased car and lease another car
I leased an SUV for 3 years, 36K miles, and the lease is due in a month and I only used 10k miles. The car is "full-option" and the buyout price is visible in the portal where I make the payments every month. I called and also went to the dealer…
Node.JS
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26
votes
5 answers
Is this check safe to deposit?
About 5 years ago, I participated in an educational training program. Recently, they sent me an envelope with a check for $300 in the mail. There was no explanation attached. The check looks okay, has their proper business address and is from a…
LN6595
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26
votes
3 answers
Can someone just forcefully take over a public company for its market price?
I am working for a Fortune 500 company. A recent drop in our stock price caused, let's say, some startle.
Following that, one of our executives said in a global Q&A session in response to one question ("How can we be sure that none of our…
Zaibis
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26
votes
2 answers
How do I bet that a stock price will not move?
If I believe a stock will go up, I buy the stock. If I believe a stock will go down, I short the stock. If I believe a stock will neither go up nor down, what do I do? How do I profit from a non-movement in stock price?
I think I might be able to…
user102086
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26
votes
7 answers
Is a check without cents in the spelling line valid?
I wrote a check for $450.00.
In the number box I put the amount $450.00 exactly. In the spelled number line I put Four Hundred and Fifty. I did not include the cents fraction in the spelling. Is the check valid?
rigs
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26
votes
5 answers
I just paid off my car - should I release my Credit Union's lien on the car?
We just came upon a windfall significant enough to pay off our car loan - so I did. My Credit Union just sent me a letter describing the way in which I can remove them from the lien. From the letter:
If you wish to remove (credit union) as the…
Zibbobz
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26
votes
3 answers
Why does a US company need to know the location of their employees for tax purposes?
I read in the news (mirror):
[Facebook] would take a more “measured approach” with existing employees based on job function and past performance, he said, and set a January 1, 2021 deadline for staff to update the company on their new locations for…
Franck Dernoncourt
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