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

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1500 questions
24
votes
6 answers

Would it make sense to buy a rental property as an LLC and not in my own name?

I'm considering buying a rental property. Would it make sense forming an LLC and purchasing it in the name of my company, rather than owning it directly? Considerations: pros: I don't want my name to appear on public records as the owner, I get…
littleadv
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2 answers

Did Johnson and Johnson really pay a 25% quarterly dividend in 1978?

I looked through some of the old Dow Jones stocks for a project I'm working on and found some inconsistency with JNJ stock. For a share price of $1.66 they appeared to pay $0.42 in quarterly dividends which would more than double any money put into…
user2741831
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7 answers

What are the advantages to banks being located in the City of London (the Square Mile)?

This question is about the City of London, i.e., the Square Mile, not greater London. There are an awful lot of international banks located in the City of London. What advantages are there to having a bank located here?
not_Rich
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24
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5 answers

401(k) investment after being fired. Do I own it?

A friend was released from their job after 4 years, not vested. I understand 5 years are required to be vested. Are they entitled to the contributions they made to the 401(k)?
Lisa C
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24
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3 answers

How does a dealer (or market maker) earn the bid-ask spread on a stock?

If I am correct, dealers purchase assets for their own accounts, and later sell them for a profit from their inventory. But the spreads is the difference between buy (or "bid") prices and sell (or "ask") prices at the same time. So how can dealers…
Tim
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24
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8 answers

Asking bank to reduce APR instead of increasing credit limit

My credit card just notified me that they raised my credit limit (unsolicited). This would do well to my utilization and thus improve my credit scores overall. However, my overall utilization across all credit lines is already less than 10% (with…
perennial_noob
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24
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6 answers

How can I get a refund from a seller who only accepts Zelle?

I am wanting to purchase an item and the seller only accepts Zelle. If I send a payment and do not get my item, is there a way to get my money back?
Joy
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24
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7 answers

Should I stop contributing to retirement accounts, and instead focus on expanding our real estate investments?

My wife and I are in our later 30s and make about $100,000 per year from salary. We also net about $40,000 from rental properties that we have purchased over the past several years. Our essential monthly expenses are about $2500. We've been…
painter48179
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24
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1 answer

Why would the IRS ask for birth certificates or even audit a small tax return?

My daughter and her boyfriend live together, and he is the sole earner in the home. They each have a kid plus 1 together. H&R Block told them that he didn't make enough to do his return and now the IRS wants birth certificates. I'm a retired…
Jen
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24
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8 answers

What happens if I deposit a check and forget to endorse it with my signature on the back?

What if I deposit a check into a Bank of America ATM but forget to endorse it with my signature on the back of the check?
InquilineKea
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24
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2 answers

What is the best way to pay large tax amount owed to IRS?

I recently did a preliminary calculation of my taxes for 2018 and discovered that I am going to owe the IRS about $16,000. I do not have this amount of money in reserve. My question pertains to the best way to pay this amount. Options as I see…
Mark
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24
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11 answers

When should I walk away from my mortgage?

I bought my home in California in 2006, at the height of the boom. Now I owe $100K more than the home is worth. California is a "no recourse" state; if I stop payments, the bank can take the house and ruin my credit, but that's about it. So I'm…
Dan Fabulich
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24
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3 answers

20% APR means only 10% interest? (UK)

I am trying to get better grasp of what the APR figure means, so this example is purely hypothetical. I have entered a loan of £100,000 into an APR calculator on MoneySuperMarket with a 20% APR for the term of exactly one year. I think quite…
kamilk
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24
votes
6 answers

Is it worth filing taxes if I only worked an internship?

This past summer I interned at a company and just got my W-2 Form. I am a 17 year old high school student which qualified for 2 Federal exemptions, 0 State exemptions, and 0 Local exemptions. I made $5,040 in "Wages, tips, and other compensation".…
Rob Gates
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24
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7 answers

What happens to the shareholders when a public company declares bankruptcy?

If you are a shareholder of a public company and the company goes bankrupt, what would happen to your share? Does the share still represent your holding in the company? And if the company goes out of business, are you held accountable for the debt…
logger
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