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

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1500 questions
21
votes
2 answers

I have Sprint shares. What does this merger with T-Mobile mean for my shares?

Over the weekend Sprint and T-Mobile announced again that they would try to merge. Assuming the powers that be in the US don't have any issue with this deal and it moves forward as proposed, what does it mean for me as a shareholder? I have 2,000…
Lizza
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4 answers

Can a person work after "retiring" and receiving a pension?

Can a person work after "retiring" and receiving a pension? For example, in Illinois public workers are eligible to "retire" at age 59 and receive 75% of their salary at the time. So, for example, a school superintendent making $268,000 a year, can…
Five Bagger
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21
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3 answers

Is it really risky to make your IBAN public?

It seems that people are reluctant to give their IBAN to strangers. I saw someone downvoting an app only because it shows the IBAN in clear on the main screen. Is this rational? What could someone do knowing your IBAN?
Marco Altieri
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21
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2 answers

How to avoid earning $10/year from equities

I am an American disabled person and my only income is from disability payments, which are well below the poverty level. As such, I do not file any tax returns. Many years ago, I bought about 3 shares of FDX stock as part of a promotion. It is the…
Ginger
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21
votes
6 answers

Affording Daycare for first child

My wife and I are expecting our first child later this year and I have been budgeting to see what we can afford for child care. It looks like the average cost of childcare is ~$1000-$1200/month. This is a huge expense for us that we did not have…
HoldMeImScared
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21
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3 answers

Is it mandatory to have health insurance?

Is it mandatory to have health insurance? Assuming that I contribute $200 monthly, which for 12 months is costing me around $2400, and don't use the insurance, then having only FSA with a fixed amount would save a lot on my pay check. So, can…
goofyui
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21
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2 answers

Mistakenly claimed to be exempt from federal taxes: do I need to proactively pay back the taxes that did not get withheld?

When I enrolled with my new employer's HR system on Dec 1st, I mistakenly filed a W4 claiming to be exempt from federal taxes, which I'm not. As a result, my first (Dec 15th) paycheck was quite higher than I expected, since no federal taxes were…
user4867444
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21
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7 answers

Can an unmarried couple buy a home together with only one person on the mortgage?

Suppose there is a couple, Clayton and Emma. Clayton is 26 and has a good job making over $75k a year, Emma is 20 and still in college (she doesn't have any student loans but she has no job and no credit). Suppose this couple is not yet ready for…
AbuMariam
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21
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1 answer

How to interpret stock performance charts "vs S&P 500"

I'm new to investing, and have been trying to reconcile what various financial advisors recommend for long-term holdings. Some recommend sticking to passively managed index funds, claiming that few, if any, actively managed funds consistently track…
Ryan
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21
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5 answers

What does an x% inflation rate actually mean?

I've been reading some explanations of inflation and I think I generally understand what it is. What I don't understand however, and I believe this should be trivial, is what a (monthly) inflation of x% actually means. Let's say there's a product…
welluhmok
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21
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3 answers

Target Funds for a casual investor - benefits/drawbacks

I want to invest in something but don't have much knowledge; I'm considering a target fund based on approximate retirement date. What are the benefits / drawbacks to a casual investor, of investing in such a fund?
Rich
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21
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6 answers

Please explain the relationship between dividend amount, stock price, and option value?

I consider myself a reasonably knowledgeable investor, but today was blown away by the fact that I didn't know that a stock's price is decreased by the amount of its dividend. To use a concrete example (these numbers are roughly correct but not…
Jer
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21
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4 answers

How to recover from credit score hit from paying off loan?

My credit score recently took a dip after I paid off my student loans recently. When I look at the credit report via mint it shows a "not bad" rating for number of accounts opened. ("not bad" is the second worst out of 4: bad, not bad, good,…
James Wierzba
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21
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9 answers

Should I pay off my car loan within the year?

I saw another question like this, but I am in a bit of a different situation. I am 19 years old, in college, and have no credit history. I saved up enough money to buy a car, but decided to get a loan and have the payments pulled automatically…
A. Kirk
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21
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5 answers

Confused: Should I be opening more no annual fee credit cards to improve my score with the intention to not use them?

I was told that having more cards and more open accounts was more of a risk factor since you have more credit to abuse. However, this seems to say otherwise that credit trackers actually encourage you open and have more accounts to show trust and…
Jason
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