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1500 questions
19
votes
2 answers
Get a human when calling the IRS hotline 800-829-1040 with a question about your taxes?
How do I get to a human when calling the IRS? I keep hitting automated robots.
Patoshi パトシ
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19
votes
4 answers
Is it true that you can have too much money in 401k?
I've been hearing stories about people who invested a lot into their 401k and when they retired, they couldn't use the money fast enough. They said that there's a limit in terms of how much they can withdraw per year and that they'll die before…
Vic
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19
votes
4 answers
Do I need term life insurance at age 57?
I am looking at a term policies for my wife age 56 $250k worth of coverage with an initial cost $957/yr and myself $400k worth of coverage with an initial cost of $1450 /yr. We have about $100k left to pay on our home and $700k in 401k. Kids are…
Steve
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19
votes
9 answers
Paradox - When to buy & when to sell a share?
Warren Buffett says buy when everyone is selling and sell when everyone is buying. Taking into consideration the support and resistance levels, everyone is selling near the resistance level and everyone is buying near the support levels. If we…
6nagi9
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19
votes
4 answers
How to be sure my advisor's insurance recommendations are good for me?
Recently, I've been in contact with my financial advisor who has been talking me through a few risk management strategies, as well as other short- and long-term financial goals for retirement, kid's education, etc.
She believes it's in by best…
Will
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19
votes
2 answers
What's my tax situation if I earned $20k, age 22, and live with parents?
I'm a bit confused about what to expect when I file tax returns. I heard my parents can't claim me as a dependent because I earned more than $6k for the year. What's the situation if I live with them and have most of my expenses paid by them? They…
btrballin
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19
votes
4 answers
Why pay estimated taxes?
It looks like the tax investment penalty is about 2.6%, which makes me wonder why anyone pays quarterly estimated taxes. Wouldn't you be better off putting that money into stocks and using the proceeds to pay the penalty? Obviously some people have…
teldon james turner
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19
votes
4 answers
Does the 'A' in IRA stand for "Account" or "Arrangement"?
From the comments at: https://money.stackexchange.com/a/85769/4522
One poster called an IRA an:
Individual Retirement Account
Another stated it was an:
Individual Retirement Arrangement
What does the IRA abbreviation actually stand for?
Freiheit
- 8,772
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19
votes
3 answers
How to buy commodity on exchange (to use)
I was always wondering: How do you buy a commodity (for example oil or aluminum) on an exchange for a "real" purpose.
It seems like most resources on the net deal with how to "trade" them in a broker's account and speculate on prices. But what if…
NoRyb
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19
votes
2 answers
Making a basic will without an attorney
I've been reading that wills for the "basic" scenario is pretty much a cut-and-paste at the attorney's office. Rather than spend the money with a lawyer (300-600USD) I thought I'd look into a DIY solution.
Are there websites that supply…
Fixee
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19
votes
2 answers
How do I calculate monthly compound interest in Google Sheets?
I have a financial spreadsheet with a column of all my deposits into my savings account. The leftmost column lists the dates of the deposits. Now, let's say my savings balance is $100.00 and my monthly interest is 0.25% (1/4 of 1 percent). This…
grgoelyk
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19
votes
5 answers
How are people able to spend more than what they make, without going into debt?
Jeff Bezos reportedly surpassed Bill Gates as the wealthiest person in the world, at least, for a while. But in 2016, it was reported that he had a salary of around $80,000, but obviously his wealth comes from his stock holdings in Amazon. He is…
Michael
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19
votes
5 answers
How much should I be contributing to my 401k given my employer's contribution?
I realize that this is similar to at least one question here, however, there are some differentiators.
I can contribute a max of 5% of my net salary to the 401k fund. The employer matches 50% of whatever I contribute. So at most, the employer will…
NeedAdvice
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19
votes
3 answers
How should I handle a purchase when the credit-card reader is dead?
Scenario
I'm in a restaurant. I finish my meal. I go to pay with a credit card and I'm informed that the card reader is not working - can I pay with cash?
I don't carry cash. There's no nearby ATM. So I let them write down my card number, and my…
gef05
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19
votes
4 answers
Why do card processing companies discourage "cash advance" activities
I've been curious about something for a few days now, but I couldn't find out the reason elsewhere.
Reading through, for example, the Square terms and conditions (https://squareup.com/legal/cash-ua#limitations-on-use), they state
... you will not…
Brian Leishman
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