Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

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1500 questions
30
votes
7 answers

Someone stated that my uncle died in Canada and there is money for me

Someone contacted me and said that someone with a similar last name died and left me a large amount of money. He gave me information and forms from a bank, and other pertinent information. I then got a message that there is fee and that I need to…
Armen
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4 answers

How to retire early without penalty?

Logistically speaking, how would one retire early without getting hit with withdrawal penalties? As far as I know, most tax-incentivised retirement accounts slap you with penalties for making withdrawals before retirement age. Let's assume that I…
ewiggin
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10 answers

How is it possible that some articles on eBay like headphones are cheaper than elsewhere?

I wonder how it is possible that some products are sold on eBay via auctions for oftentimes half the price that they cost e.g. on Amazon? The products that I have in mind are headphones by a quality brand that cost ~120 on most sites (including…
Sebastian
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29
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10 answers

Is it foolish to borrow 2.5X income?

I base this question from USA Today, which claims that median household income is $59,000 and average household debt is $137,000. They say: suggesting that many Americans are living beyond their means. It looks like a lot of this is debt is for a…
Ms Jackson
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29
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5 answers

Should I continue putting additional money towards principal of mortgage?

I have been putting extra money toward the principal of my mortgage since we purchased our home last summer. However, due to circumstances, I have reason to believe we will already be moving in the near future. Is there any reason to continue paying…
quirky purple
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29
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8 answers

Does having a credit card make it easier to get a mortgage?

I've never had a credit card and the only debt I have is my student loan. A number of my friends and family who have credit cards have said that having one makes it easier to get a mortgage as you'll have a better credit history and show that you…
user10950
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29
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9 answers

Does owing taxes or getting a tax refund imply my paycheck is off?

A thought crossed my mind recently and I was wondering if someone could explain if I'm missing something, and if so what. Simply put, as an individual filing taxes (single, no dependents), taking the standard deduction, working the same job each…
PawnInGameOfLife
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29
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3 answers

How could George Clooney have paid his friends' taxes?

According to an article published today in several media outlets including Fortune magazine, George Clooney once gave 14 of his friends $1 million dollars cash. The article also claims that Clooney paid the taxes on all of it so his friends could…
CodyBugstein
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29
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6 answers

Why are there many small banks and more banks in the U.S.?

I'm a Canadian and here in Canada, we don't have a ton of banks. We have around 5 or 6 major banks (Scotiabank, Royal Bank of Canada, CIBC, etc.) and basically no others (except a couple of credit unions). The branches of these banks are also pretty…
SamtheMan
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29
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5 answers

Are credit card rewards taxable?

There have been several questions about reward point/loyalty programs offered by credit cards Best Travel Point Credit Cards Best Reward Benefit Credit Cards Easy Comparison of Reward Benefit Cards Should the benefit offered by these reward…
Zephyr
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29
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4 answers

Changing Bank Account Number regularly to reduce fraud

4 others and myself are going through the motions of renting a student accomodation in the UK. So far we have had to pay a holding fee to secure the flat. To do this we were given an account number and sort code to pay for this. We performed the…
Lawrence Coles
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29
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5 answers

Why are residential investment properties owned by non-professional investors and not large corporations?

This question is relevant for Australia but I would think that it would apply to other countries too. I've noticed that nearly all residential investment properties are owned by non professional investors. What I mean by that is that the landlord is…
Joe.E
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29
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3 answers

What can my relatives do to minimize their out of pocket expenses on their fathers estate

I live in Florida with my wife; she has a brother and sister who both live in Georgia. We have some questions about the estate of their father who used to live in Pennsylvania but passed away just before Christmas. Their father had a will in which…
x457812
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4 answers

Can a company charge you for services never requested or received?

My partner and I have recently moved into our new home and as expected have received a number of letters from companies for the previous occupants. This latest "Letter" (I say letter but It was a crumpled piece of paper without an envelope) was…
Karm
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29
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2 answers

Wife sent to collections for ticket she paid ten years ago

My wife got a ticket 10 years in Nevada. She paid that ticket, but doesn't have any record of it; we've moved a lot in the last ten years and switched banks several times. We got a bill from the collections agency. She has been in touch with…
Nate Anderson
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