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1500 questions
27
votes
2 answers
Saving for retirement... starting at 68 years old
It may sound like a joke, but it is not. I imagine I am not the only one in this situation. I guess.
Here is what I have going on. I am a "one man show" self employed carpenter. It took many years to find out how much I need to make to actually save…
Jack
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27
votes
6 answers
Why does this author claim that buying index funds will decrease index funds returns?
I'm reading The Beginners Investing Book by Matthew Kratter and to quote him directly:
In the old days, very few people practiced indexing. That guaranteed
that it would provide pretty good returns. These days, anywhere from
50-70% of the money in…
Linkin
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27
votes
4 answers
How safe is money in the bank?
I live in the UK and through inheritance I have acquired a large amount of money (over 200K).
I will be soon investing this money in property. But while all the conveyancing process is going on it will have to stay in my current account. I am…
Aditya K
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27
votes
7 answers
Girlfriend took off with the car I got a loan for
I got a loan on a car from CarMax for my girlfriend. She was to make the payments but instead took off with it & I can't find her. Should I report it stolen? The insurance, loan and registration are in my name. I want to let it go back for…
Shay Tangretti
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27
votes
3 answers
Why do some countries have more than one stock exchange?
Some countries have many stock exchanges. What is the purpose of having multiple stock exchanges instead of consolidating all trading onto a single stock exchange? When there is only one stock exchange, all buyers and sellers meet at a single…
Flux
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27
votes
7 answers
Should I pay more than 20% down on a home?
I'm starting to consider buying a home in a year or three. I'll have a lot of money available at that time -- perhaps enough to do more than the standard 20% down payment. I might be able to manage something more like 30-50% (depending on exactly…
user296
27
votes
4 answers
How does giving money to charity save you money on your taxes?
I regularly hear about people giving money to charity to decrease their tax burden in the US. I don't understand the math of this. If I'm being taxed at a 40% rate, then I can give $500,000 to charity, write it off, and save $200,000 on my taxes.…
yossarian
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27
votes
9 answers
Why do credit scores have a maximum value?
I live in the UK, and I recently checked my credit score for the first time, on Experian. I saw that it is a number out of maximum of 999.
I was surprised to see that there is a maximum credit score to compare against. For example, imagine someone…
Jojo
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27
votes
8 answers
Professionals who provide the same services as Mint; i.e. personal expense tracking & analysis?
Not long ago I went to a financial advisor/money manager for a discussion of all (I mean all) my finances and was needing some analytics in the short term to decide what smart actions to take for the long term.
We talked right past one another…
SeligkeitIstInGott
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27
votes
5 answers
Someone asked me to login to his bank account and make transfers to another account
Someone I knew online asked me to log in to his account in Pioneerbanking.online and make a few transfers for him as he "couldn't do it by himself for a couple of reasons".
I foolishly did help him made 2 transfers and he's urging me to do the 3rd…
Lan Anh
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27
votes
6 answers
What does "not touching the principal" actually mean?
When talking about "trust fund children" or large savings it's common to hear the phrase "not touching the principal", which means that only the "earnings" from the money are spent, and the cash pile itself does not get smaller.
However I am not…
ConcernedCitizen
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- 3
27
votes
3 answers
What Mutual Funds does Dave Ramsey Invest in?
Heard Dave Ramsey speaking the other night on his growth mutual fund strategy and he mentioned reading one of his fund's prospectus and said this fund had a 78 year history and 11.94% average return over those 78 years.
Tried some searches but not…
Valien
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27
votes
11 answers
I gifted money to my girlfriend for a down payment on a house and we broke up. Am I entitled to my money back?
I'm writing to ask a question about gifting my fiancé a down payment for the home we currently live in and bought. So when I gave her 14,000 for the down payment of our home we were engaged. At this time two weeks ago she told me she doesn't love…
richey anglin
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27
votes
2 answers
Could my employer match contribution have caused me to have an excess 401K contribution?
Could my employer's match have caused me to have an excess 401K contribution?
For 2020, I contributed the maximum into my 401k-Roth, $19,500. I also made a catch-up contribution (I'm eligible) to my 401k-traditional of $6500 for 2020. So I believe…
Ira
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27
votes
8 answers
Is it wise to keep some savings in a cash account to protect against a long term market crash?
My wife and I have half our savings in a low risk diversified account (WealthFront - mostly bonds, some stocks). We have the other half in a high interest cash savings account (0.35% interest). Our thinking is that, if there's a long term market…
Mary Rose Cook
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