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Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | How to share income after marriage and kids? | Now I have been trying to figure out how to split the money that we both earn. From what I can see there are several concepts but none of them really seems ideal to me. There is nothing fair or unfair in such arrangements. It is what you both agree. You can try and make this as scientific as possible. But then there is... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | How to share income after marriage and kids? | I started this off as a comment to Joe's answer, but it got rather messy in that form so I'll just post it as a separate answer instead. I suggest that you read Joe's answer first. I believe you are overthinking this. First, you really should be discussing the matter with your girlfriend. We can provide suggestions, bu... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | How to share income after marriage and kids? | I won't answer in a detailed manner because most people at this site like answers with certain bias' on these questions, like pool resources always relative to which partner is asking. If you follow the above advice, you are hoping things work out. Great! What if they don't? It will be very messy. Unlike most of m... |
Share your insights or perspective on the financial matter presented in the input. | How to share income after marriage and kids? | I think you have succumbed to a category error. The rational course forward is to classify all property as either his, hers, or family's. Each contributes a portion of wages to the family. Each logs hours spent performing familial duties and is "paid" in virtual dollars into their family account at market rates for tha... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | How to share income after marriage and kids? | I can only share with you my happened with my wife and I. First, and foremost, if you think you need to protect your assets for some reason then do so. Be open and honest about it. If we get a divorce, X stays with me, and Y stays with you. This seems silly, even when your doing it, but it's important. You can speak w... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | How to share income after marriage and kids? | My own personal point of view. I earn about twice what my wife to be earns. We are planning on getting married next year. I ultimately do all the finances (basically because she hates that kind of thing) not because I'm in charge or whatever. To work out how we do this I wrote a spreadsheet: At the top it has my mont... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | How to share income after marriage and kids? | You currently have 5400€ between you and 2600€ expenses leaving you 2800€. You currently keep 1900€ and she keeps 900€ at the end of each month splitting 68/32. If you marry and have a child, your combined income will go down to 4900€ while your expenses will increase by 300€ to 2900€ leaving 2000€. You could continue ... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | How to share income after marriage and kids? | nan |
Share your insights or perspective on the financial matter presented in the input. | How to share income after marriage and kids? | Some basic thoughts, mostly on fairness. I guess the answer doesn't really fit this site, it's more about ethics, but this fits the question which isn't really just about money either. So when both work the same amount, it seems appropriate that both get the same mount of money, doesn't it? That is, the scheme of (as a... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | How to share income after marriage and kids? | This would be my suggestion: I would approach the problem thinking about the loss of monthly income you (as a couple) will be facing due to your wife's change to a part time job and divide that loss between the two of you. This means that if she goes from 2200 to 1100 monthly, you'd be losing 1100 per month. To share ... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | How to share income after marriage and kids? | What equal percentage of both you and your girlfriend's income will cover the essential household expenses? Although we earned different amounts, both of us turned over half our income over to the household. Between us this percentage slice from each of our earnings neatly covered all the essentials. The amounts cont... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | How to share income after marriage and kids? | The bottom line is choosing the right partner. If your partner works as hard as you do, than everything should be split, irregardless of who makes more. Unfortunately, my bf, now by separated husband, borrowed money from me before we were married. I saw a lack of work ethic in him from the beginning, loved him anyway a... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | How to share income after marriage and kids? | I think the problem is that you've made a math error. This child would not be costing you 300 per month, it will be costing you 1400 per month. 1100 of this is in a donation of salable hours rather than cash, but helpfully you have a number right there as to how much someone is willing to pay for these hours so the ma... |
Share your insights or perspective on the financial matter presented in the input. | Is the gross amount of US debt dangerous for the small investor? | Not a lot, directly. Your biggest direct risk is that you could buy the debt, and buy it at too high a price (i.e. too low an interest rate) and not make as much money as you ought (and maybe not enough to cover inflation, especially if you buy long-term bonds at low interest rates.) The indirect risks are mostly that ... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | What are some time tested passive income streams? | Dividends are a form of passive income. |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | What are some time tested passive income streams? | Royalties. (Once you start getting them.) |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | What are some time tested passive income streams? | Renting a house out using a management company is mostly passive income. Earning affiliate income from companies that pay on a recurring basis is closer to passive income. |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | What are some time tested passive income streams? | Last year was a great opportunity for dividend stocks and MLPs. I have a few which are earning 6-9% of my investment basis cost. Municipal bonds are a good value now. If you have the connections, passive investments in convenience franchises or other commercial property are a good income stream. A Dunkin Donuts used t... |
Share your insights or perspective on the financial matter presented in the input. | What are some time tested passive income streams? | Any kind of savings account is a passive income stream. |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | What are some time tested passive income streams? | I owned and managed a few residential properties. At one time the net cash flow was on the order of $1000 per month. But it was work. Lots of work. I was managing about 7 units. This does not count the gains in capital appreciation which were significant. Using a management company would have put the cash flow at... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | What are some time tested passive income streams? | You could buy debt/notes or other instruments that pay out periodically. Some examples are If there is an income stream you can discount the present value and then buy it/own the rights to income stream. Typically you pay a discounted price for the face value and then receive the income stream over time. |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | What are some time tested passive income streams? | Interest payments You can make loans to people and collect interest. |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | What are some time tested passive income streams? | There are lots of different ways to generate passive income. What is Passive Income? Basically it is income you receive without having to consistently work for it i.e. paid to do your day job or get paid by the hour; instead you do the work once and then receive ongoing payments like a recording artist getting paid ro... |
Share your insights or perspective on the financial matter presented in the input. | How secure is my 403(b)? Can its assets be “raided”? | The simple answer is that with the defined contribution plan: 401k, 403b, 457 and the US government TSP; the employer doesn't hold on to the funds. When they take your money from your paycheck there is a period of a few days or at the most a few weeks before they must turn the money over to the trustee running the prog... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | How secure is my 403(b)? Can its assets be “raided”? | I assume you get your information from somewhere where they don't report the truth. I'm sorry if mentioning Fox News offended you, it was not my intention. But the way the question is phrased suggests that you know nothing about what "pension" means. So let me explain. 403(b) is not a pension account. Pension account i... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | How is an ETF's NAV determined? | An ETF manager will only allow certain financial organisations to create and redeem ETF shares. These are called Authorised Participants (APs). The APs have the resources to bundled up packages of shares that they already own and hold in order to match the ETFs requirements. In the case of the EDEN ETF, this portfol... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Stop paying VAT on digital sales when earnings are under £81k | You can't currently avoid it. The reason the legislation was introduced was to prevent the big-name developers from setting up shop in a low-VAT country and selling apps to citizens of EU countries that would normally be paying a much higher VAT. You need to register for VAT and file quarterly nil-returns so that you ... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Why do some people go through contortions to avoid paying taxes, yet spend money on expensive financial advice, high-interest loans, etc? | One is a choice the other is not. While they are both liabilities on the balance sheet, in the real world they are quite different. We do not feel as much ownership over our money that goes to interest payments as we do over our tax payments. Taxes pay for our government and the services it provides. Interest, on t... |
Share your insights or perspective on the financial matter presented in the input. | Why do some people go through contortions to avoid paying taxes, yet spend money on expensive financial advice, high-interest loans, etc? | I think sometimes this is simply ignorance. If my marginal tax rate is 25%, then I can either pay tax deductible interest of $10K or pay income tax of $2.5K. I think most americans don't realize that paying $10K of tax deductible interest (think mortgage) only saves them $2.5K in taxes. In other words, I'd be $7.5K... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Why do some people go through contortions to avoid paying taxes, yet spend money on expensive financial advice, high-interest loans, etc? | To some extent, I suppose, most people are okay with paying Some taxes. But, as they teach in Intro to Economics, "Decisions are made on the margin". Few are honestly expecting to get away with paying no taxes at all. They are instead concerned about how much they spend on taxes, and how effectively. The classic defens... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Why do some people go through contortions to avoid paying taxes, yet spend money on expensive financial advice, high-interest loans, etc? | The bank provides a service that the customer voluntarily agreed to - the bank will provide funds to the customer now and the customer will pay back those funds plus interest in the future. The arragement wasn't forced onto the customer. The government, on the other hand, takes money (the exchange is not volutary) fro... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Why do some people go through contortions to avoid paying taxes, yet spend money on expensive financial advice, high-interest loans, etc? | An example, where I live. When you buy a house, the seller wants 'black' money. This is because that way the seller pays less taxes. However, it's not smart for the buyer to pay in black, as the tax reductions are lower. Eventually, when the buyer tries to sell the house, he has to declare the difference, so a higher b... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Is housing provided by a university as employer reported on 1040? | To answer your question directly, this is a taxable benefit that they are providing for you in lieu of higher wages. It is taxable to the employee as income and through payroll taxes. It is taxable to the employer for their half of the payroll taxes. |
Share your insights or perspective on the financial matter presented in the input. | Is housing provided by a university as employer reported on 1040? | Since you worked as an RA, the university should send you a W2 form. The taxable wages line in that form would be the sum of both the direct salary and employer paid benefits that are taxable. As such you should not need to do anything than enter the numbers that they provide you. |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Is housing provided by a university as employer reported on 1040? | You should ask a CPA or tax lawyer to what extent living in specific housing provided by the employer as a job requirement is exempt from taxation. You might find a nice surprise. Your tax professional can also help you to report the items properly if mis-reported. Much of this is in the article you cite in the quest... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Capital Gains in an S Corp | These are all factually correct claims. S-Corporation is a pass-through entity, so whatever gain you have on the corporate level - is passed to the shareholders. If your S-Corp has capital gains - you'll get your pro-rata share of the capital gains. Interest? The same. Dividends? You get it on your K-1. Earned income? ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Capital Gains in an S Corp | Lets just get to the point...Ordinary income (gains) earned from S-Corp operations (i.e. income earned after all expenses for providing services or selling products) is passed through to the owners/shareholders and taxed at the owner's personal tax rate. Separately, if an S-Corp earns capital gains (i.e. the S-Corp buy... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Capital Gains in an S Corp | A nondividend distribution is typically a return of capital; in other words, you're getting money back that you've contributed previously (and thus would have been taxed upon in previous years when those funds were first remunerated to you). Nondividend distributions are nontaxable, so they do not represent income from... |
Share your insights or perspective on the financial matter presented in the input. | Why do stocks go up? Is it due to companies performing well, or what else? [duplicate] | The value of a stock ultimately is related to the valuation of a corporation. As part of the valuation, you can estimate the cash flows (discounted to present time) of the expected cash flows from owning a share. This stock value is the so-called "fundamental" value of a stock. What you are really asking is, how is ... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Why do stocks go up? Is it due to companies performing well, or what else? [duplicate] | The same applies if you were looking for a business to buy: would you pay more for a business that is doing well making increasing profits year after year, or for a business that is not doing so well and is losing money. A share in a company is basically a small part of a company which a shareholder can own. So would y... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Why do stocks go up? Is it due to companies performing well, or what else? [duplicate] | Prices can go up or down for a variety of reasons. If interest rates decline typically every stock goes up, and vice versa. Ultimately, there are two main value-related factors to a price of a stock: the dividends the company may issue or the payoff in the event the company is bought by someone else. Any dividend paid ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Why do stocks go up? Is it due to companies performing well, or what else? [duplicate] | Supply and Demand, pure and simple! There are two basic forms of this - a change in the quantity demanded/supplied at any given price, and a true change in the amount of demand/supply itself. Please note that this can be distinct from the underlying change in the value of the company and/or its expected future cash flo... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Why do stocks go up? Is it due to companies performing well, or what else? [duplicate] | Remember that shares represent votes at the shareholders' meeting. If share price drops too far below the value of that percentage of the company, the company gets bought out and taken over. This tends to set a minimum share price derived from the company's current value. The share price may rise above that baseline if... |
Share your insights or perspective on the financial matter presented in the input. | How did historical high tax rates work in practice? | I remember in the 19th and early 20th century was the problem of Trusts set up by the wealthy to avoid taxes (hence the term "Anti-Trust") That's not what antitrust means. The trusts in that case were monopolies that used their outsized influence to dominate customers and suppliers. They weren't for tax evasion purpo... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Does the rise in ACA premiums affect employer-provided health insurance premiums? | There are a lot of moving parts, individual premiums and annual increases have little to do with employer premiums and annual increases and vice versa. Most people think of XYZ insurer as a single company with a single pool of insured folks. This common knowledge isn't accurate. Insurers pool their business segments... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Does the rise in ACA premiums affect employer-provided health insurance premiums? | It's likely impossible to determine why premiums are increasing in a meaningful way; not only is the interrelationship between the various data points very complex, but some of the increases are likely due to decisions by people who do not and will not publicly post what they decided and why. However, it is possible to... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Does the rise in ACA premiums affect employer-provided health insurance premiums? | Depends on the insurance company itself, as well as the costs of treatments. Imagine an ideal scenario where costs of treatments stayed the same, and that all insurance plans were segregated and pulled from the same pool of funds to pay for treatments. Then employer subsidized health insurance plans would be unaffected... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | What caused this drop? | I'm going to guess that you found this because of a stock screener. This company went through a 1:20 reverse split on June 30, so every 20 shares outstanding became a single share. Where before you had 20 shares worth $100 you now have 1 share worth $100, the value of the company doesn't change because of a split. T... |
Share your insights or perspective on the financial matter presented in the input. | What caused this drop? | I do not fully understand the transactions involved, but it appears that there was a reverse stock split (20:1) and some legal status change as well on June 29th. This seems to be the cause for the change in valuation of the stock as the dates match the drop. https://www.otcmarkets.com/stock/RMSLD/filings |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | How do markets “factor in” a future event? | At the most fundamental level, every market is comprised of buyers and selling trading securities. These buyers and sellers decide what and how to trade based on the probability of future events, as they see it. That's a simple statement, but an example demonstrates how complicated it can be. Picture a company that's a... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | In USA, what circumstances (if any) make it illegal for a homeless person to “rent” an address? | You owe taxes to the state where you earned the income, and also to the state where you physically live. Most, maybe all, states have laws that let you claim credits for taxes paid to other states so that you're not paying double taxes by living in one state while working in another. Most states have deals with all the... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | In USA, what circumstances (if any) make it illegal for a homeless person to “rent” an address? | It depends on the rules in the specific places you stay. Specific places being countries or states. Some states may consider pension payments to be taxable income, others may not. Some may consider presence for X days to constitute residency, X days may be 60 days in a calendar year whether or not those days are co... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Can the Philadelphia Center City District Tax be deducted on my Schedule-A? | My basic rule of thumb is that if the the bill come from a government office of taxation, and that if you fail to pay the amount they can put a tax lien on the property it is a tax. for you the complication is in Pub530: Assessments for local benefits. You cannot deduct amounts you pay for local benefits that tend t... |
Share your insights or perspective on the financial matter presented in the input. | How does unemployment insurance work? | Unemployment insurance provides a temporary safety net to workers who lose their jobs by replacing a portion of their salary for certain periods. Each state administers its own unemployment insurance program so some rules may vary from state to state. To receive unemployment insurance payments, you must have lost your ... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | How to secure one's effort when working on a contract? | Anytime you do work without any payment until the work is complete, you are effectively extending credit to the party receiving your service. How much credit you are willing to extend will vary greatly, depending on the amount and the trustworthiness of the party. For example, if you are charging $50 for something, you... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | How to secure one's effort when working on a contract? | I don't think you need to bother with trust accounts. The point of a trust account is holding funds that aren't yours yet. You take a retainer fee that you have yet to earn. As you work, you bill your hourly rate, your client signs off and you take possession of the funds. You're going to work a project, you'll ta... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Is accident insurance worth it for my kids who play sports | The general answer to any "is it worth it" insurance question is "no," because the insurance company is making a profit on the insurance.* To decide if you want the insurance, you need to figure out how much you can afford to pay if something happens, how much they cover, and how badly you want to transfer your risk to... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | In what ways can a public company ask for money? | There are many different methods for a corporation to get money, but they mostly fall into three categories: earnings, debt and equity. Earnings would be just the corporation's accumulation of cash due to the operation of its business. Perhaps if cash was needed for a particular reason immediately, a business may cons... |
Share your insights or perspective on the financial matter presented in the input. | Why is it not a requirement for companies to pay dividends? | The shareholders have a claim on the profits, but they may prefer that claim to be exercised in ways other than dividend payments. For example, they may want the company to invest all of its profits in growth, or they may want it to buy back shares to increase the value of the remaining shares, especially since dividen... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Why is it not a requirement for companies to pay dividends? | Cash flow is needed for expansion, either to increase manufacturing capacity or to expand the workforce. Other times companies use it to purchase other companies. Microsoft and Google have both used their cash or stocks to purchase companies. Examples by Google include YouTube, Keyhole (Google Earth), and now part of M... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Why is it not a requirement for companies to pay dividends? | This answer will expand a bit on the theory. :) A company, as an entity, represents a pile of value. Some of that is business value (the revenue stream from their products) and some of that is assets (real estate, manufacturing equipment, a patent portfolio, etc). One of those assets is cash. If you own a share in the ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Why is it not a requirement for companies to pay dividends? | You have plenty of good answers, but I want to add something that might help you grow your intuition on stocks. There are a lot of differences between the example I am going to give and how the stock market actually runs, but the basic concepts are the same. Lets say your friend asks you if he can borrow some money to ... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | MasterCard won't disclose who leaked my credit card details | As indicated in comments, this is common practice in the US as well as EU. For example, in this Fox Business article, a user had basically the same experience: their card was replaced but without the specific merchant being disclosed. When the reporter contacted Visa, they were told: "We also believe that the public ... |
Share your insights or perspective on the financial matter presented in the input. | MasterCard won't disclose who leaked my credit card details | I found a german article describing the legal situation in Germany. To summarize As outlined by the many possible reasons in the other answer, it is unclear from the information I have, whether condition 1 holds. Also condition 2 may not hold since the credit card was frozen. I suppose this makes a good argument to Mas... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | MasterCard won't disclose who leaked my credit card details | Others have already commented on the impact of anything which dissuades merchants from raising possible breaches, so I won't dwell on that. Maybe we need stronger legislation, maybe we don't, but it doesn't change today's answer. Often it works the other way around to what you might expect - rather than the merchant no... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | MasterCard won't disclose who leaked my credit card details | File a John Doe lawsuit, "plaintiff to be determined", and then subpoena the relevant information from Mastercard. John Doe doesn't countersue, so you're pretty safe doing this. But it probably won't work. Mastercard would quash your subpoena. They will claim that you lack standing to sue anyone because you did not... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | What steps are required to transfer real estate into a LLC? | especially considering it has a mortgage on it (technically a home equity loan on my primary residence). I'm not following. Does it have a mortgage on it, or your primary residence (a different property) was used as a security for the loan? If it is HELOC from a different property - then it is really your business wh... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Do rental car agencies sell their cars at a time when it is risky for the purchaser? | My mother worked for one of the major American car rental companies. She talked about this topic with me and my answer will summarize the talk. Does the fact that they sell the car mean during this time suggest that they know the car's cost of further maintenance or other costs will be higher? Or is there another reaso... |
Share your insights or perspective on the financial matter presented in the input. | Do rental car agencies sell their cars at a time when it is risky for the purchaser? | Many Web sites and articles warn against buying former rental cars, because people renting these cars often mistreat them. Rental cars are typically driven by people over 25, these are typically people with some financial means (air travel, credit card). Additionally, rental cars are subject to frequent inspection an... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Do rental car agencies sell their cars at a time when it is risky for the purchaser? | Many Web sites and articles warn against buying former rental cars, because people renting these cars often mistreat them. Many of those are also written by unqualified individuals for publication on blog farms and encourage all sorts of odious financial practices. That's not even considering the interests of who is pa... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Do rental car agencies sell their cars at a time when it is risky for the purchaser? | I've been told by staff in my local car hire agency that they get such big discounts that they actually make money selling the cars, so they replace all their cars every six months (in the UK the number plate indicates when the car was registered, in six month periods). This suits the manufacturers, because it means th... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Do rental car agencies sell their cars at a time when it is risky for the purchaser? | The rental industry is seasonal. They purchase additional inventory (vehicles) for their busy seasons and sell the extra inventory afterwards. |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Do rental car agencies sell their cars at a time when it is risky for the purchaser? | A premium car rental agency will sell a car which is working very well and quite far from the verge of breaking apart. They don't want to take the risk that one of their premium customers paying premium rates receives a worn-looking car which runs less than absolutely perfect (or even breaks down). They need to keep up... |
Share your insights or perspective on the financial matter presented in the input. | Do rental car agencies sell their cars at a time when it is risky for the purchaser? | Every car model/type has a know interval when things need maintenance or replacement. This info comes mainly from the manufacturer and the rental companies use these info to determine how long and at what rate a car should be rented (I mean in total, not rented to an individual) This is easiest calculated with a long t... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | How Should I Go About Buying a Car? (College Student) | So you want to buy a car but have no money saved up.... That's going to be hard!! I'd suggest you get a part-time job, save up and buy a used car. Even with the minimum wage pay in the U.S., if you are in the U.S., you could save up and buy a car in less than a month. This route would be the quickest way for you to get... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Opening American credit cards while residing in the UK | To build a US credit record, you need a Social Security Number (SSN), which is now not available for most non-residents. An alternative is an ITIN number, which is now available to non-residents only if they have US income giving a reason to file a US tax return (do you really want to get into all that...). Assuming ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Opening American credit cards while residing in the UK | Go to the states on vacation. Get a virtual (or friend's) address. Get an ITIN from the IRS. Open a bank account. Get a secured credit card on your next trip from Capital One – add as much money as you can afford. One year later, you should have a decent credit score. |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Opening American credit cards while residing in the UK | nan |
Share your insights or perspective on the financial matter presented in the input. | What dictates the costs of creating an options contract? (Commissions breakdown) | I'm not positive my answer is complete, but from information on my broker's website, the following fees apply to a US option trade (which I assume you're concerned with given fee in dollars and the mention of the Options Clearing Corporation): They have more detail for other countries -- see https://www.interactivebrok... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Smart to buy a house in college? | If you don't plan to stay in it, it is never good money to try to buy a house in a bad neighborhood. The question you want to be asking is probably "Is it smart to buy this piece of real estate," not "is it smart to buy a house in college." In this case, it's probably not smart because you won't actually have revenue ... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Smart to buy a house in college? | Of course, I know nothing about real estate or owning a home. I would love to hear people's thoughts on why this would or would not be a good idea. Are there any costs I am neglecting? I want the house to be primarily an investment. Is there any reason that it would be a poor investment? I live and work in a college t... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Smart to buy a house in college? | People have lost money buying houses in good to great neighborhoods. It's a pretty large red flag that you state this so clearly "the neighborhood is pretty bad." I'd rather buy a bad house in a great neighborhood, and spend my weekends fixing it up, turning sweat equity into real equity. A two year bet? I'd pass. Cl... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Smart to buy a house in college? | I've heard success stories but personally, I was considering it and I'm so glad I didn't. I ended up hating the atmosphere; left after one semester. To take care of that house I rent out, I'd need to hire someone, or drive 2.5h each way for anything that needed my attention. If you plan to stay in the area, I'd conside... |
Share your insights or perspective on the financial matter presented in the input. | Smart to buy a house in college? | NORMALLY, you don't want to buy in a bad neighborhood. The one exception is "gentrification," that is middle class people are moving in because of a good location (which you seem to have). The other important thing to do is to cover your mortgage. Four "guys" at $500 a month will do for an $1800 mortgage. The nice thin... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Non Resident Alien Spouse Treated As Resident - Self Employment Income | First, the SSN isn't an issue. She will need to apply for an ITIN together with tax filing, in order to file taxes as Married Filing Jointly anyway. I think you (or both of you in the joint case) probably qualify for the Foreign Earned Income Exclusion, if you've been outside the US for almost the whole year, in which ... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | What to do when paying for an empty office space? | This sounds obvious, but: If the landlord is easygoing, you could ask him if he's okay with you subletting the space, and then you could sublet it. Of course you may have to do some work yourself to find an appropriate tenant and make sure you're doing everything legally, but if it works, it's better than paying rent ... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | What to do when paying for an empty office space? | Generally speaking, yes, you're obliged to pay rent for the remainder of the lease term. But the landlord is obliged to mitigate damages, so if you can find a suitable tenant the landlord has to let you out of the lease. |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg? | I have a few recommendations/comments: The trick here is to make it clear to the dealer that you will not be getting a new car from them and their only hope of making some money is to sell you your own car. You need to be prepared to walk away and follow through. DON'T buy a new car from them even if you end up turning... |
Share your insights or perspective on the financial matter presented in the input. | Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg? | If you lease a car, you are paying for the depreciation of a certain number of miles, even if you don't actually use those miles. Since you know you will be well under the standard number of miles when your lease is up, and you already know that you want to keep the car, buying is better than leasing. |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg? | Alternative: buy a recent-model used car in good condition. Or buy an older car in good condition. Let someone else pay the heavy depreciation that happens the moment you drive a new car off the dealer's lot. |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg? | Which to do is determined by how you like to consume cars. If you don't drive a lot and like to get a new car every 2-3 years, leasing is often the better choice. If you drive a lot or want to keep a car longer than 3 years, you're normally better buying. |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg? | Leasing is not exactly a scam, but it doesn't seem to be the right product for you. The point of leasing over buying is that it turns the capital purchase of a car which needs to be depreciated for tax purposes into what is effectively a rental expense. Rent is an expense that can be deducted directly without depreci... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg? | I usually recommend along these lines. If you are going to drive the same car for many years, then buy. Your almost always better to buy, and then drive a car for 10 years than to lease and replace it every 2 years. If you want a new car every two years then lease. You're usually better off leasing if you're going to ... |
Share your insights or perspective on the financial matter presented in the input. | Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg? | Cars depreciate and lose value the second you drive off the lot. Why lose money? Foreign cars require too much maintenance. What will kill your wallet will be the maintenance on the car, not the payment. Think tires, oil changes, spark plug changes, transmission oil changes, filter changes, brake changes, cost of main... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Tax on insurance payment due to car deemed as total loss? | DJClayworth's response is generally correct. You wouldn't have to pay taxes on insurance benefits, since those are in fact bringing you whole to what you've lost. However, in some cases you do need to consider taxes. Specifically, if the insurance payout is higher than your cost basis in the lost property. While you ma... |
Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited. | Tax on insurance payment due to car deemed as total loss? | Generally you do not pay taxes on insurance payouts that occur because of some kind of loss, provided you paid the premiums yourself. "Generally, if you're paying premiums yourself, such as for homeowners insurance and auto insurance, then your insurance benefits are not a taxable event," says Adam Sherman, CEO of Firs... |
Offer your insights or judgment on the input financial query or topic using your financial expertise. Reply as normal question answering | How much share do the venture capitalists want if they invest in our website? | I have worked with venture capitalists on a few different online based tools. There is no rule. I have seen deals go through for as little as 10% and up to 80%. There are a number of factors in place: What it really comes down to in the tech world is "Is this a side job or your life and can you live while your site i... |
Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open. | Tax question about selling a car | I don't think there's much you can do. Losses from the sale of personal-use automobiles (used for pleasure, commuting, etc) are not deductible as capital losses. See IRS Tax Topic 409, end of the first paragraph. The expenses you incurred in owning and operating the car (insurance, fuel, maintenance, service plans, e... |
Share your insights or perspective on the financial matter presented in the input. | Working for recruiter on W-2 vs. working for client on 1099? | I don't think anyone can give you a definitive answer without knowing all about your situation, but some things to consider: If you are on a 1099, you have to pay self-employment tax, while on a W-2 you do not. That is, social security tax is 12.4% of your income. If you're a 1099, you pay the full 12.4%. If you're W-2... |
Offer your thoughts or opinion on the input financial query or topic using your financial background. | Working for recruiter on W-2 vs. working for client on 1099? | The tax savings of being 1099 can be significant. It depends on your salary, and what you can deduct. You may want to consult with an accountant. The social security tax, for the self employed, is 12.4% of profit not on revenue. If you can write off more than half of the income as expenses then you could be paying... |
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