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

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1500 questions
24
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1 answer

Paying off home mortgage and lender wants a "Recording Fee"

So I whittled down my house note to the point where I have enough cash to just pay it off early and be done with it. Yay! I asked my lender for a "payoff" statement, which provides an accounting of how much I would owe including last minute interest…
JohnFx
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3 answers

CEO entitlement from share ownership?

If I own shares of a company, am I entitled to apply as position of CEO? Who decides? Do I have more clout within the corporation to gain positions of work in the company than a non-holder? What kind of basic clout or advantages come with owning…
SeneJerry
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1 answer

I am distributing an inheritance based on verbal bequests. Is this considered a gift that must be reported to the IRS?

Before my mother died recently she gave me a verbal list of bequests she wanted to make that were not in her will. Some of these exceed $14k. I will be paying them out of my own bank accounts with money I inherited from her. Must I be report these…
D Barrow
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3 answers

Health insurance coverage canceled due to mistake. Can it be corrected?

My medical insurance coverage through my spouse's employer was terminated because my spouse mistakenly checked the wrong box during the annual open enrollment. I've been on my husband's insurance plan for five years and nothing should have changed.…
B Thomas
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5 answers

How much money should I lock up in my savings account?

I'm a 28 software engineer. I make around 26k, of which about 40% I set aside every month. In my two-and-a-half years working I now have about 24k savings. I've recently opened an account that allows me to lock money into a savings account - the…
Svalorzen
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4 answers

Should I purchase a whole life insurance policy? (I am close to retirement)

I am 65 and my wife is 59, we are planning to work until I am 70-72, and I plan to withdraw social security at 70. We have retirement savings of roughly $2,000,000 of which $1,600,000 is in mutual funds (mostly index funds) and $400,000 in TIAA…
per
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5 answers

Dividends - Why the push to reinvest?

I recently received an email from my brokerage (UK based) stating: "Research from Barclays shows that without dividends, £100 invested in the UK stock market since 1899 would have grown into just £177 after adjusting for inflation. However, the real…
seekingknowledge
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4 answers

How much (paper) cash should I keep on hand for an emergency?

I used to keep $150 hidden in my car for emergencies. I keep less than $100 in small bills in a backpack with food and water for use during natural disasters. I've got a fire safe in my house for legal documents and computer backups. Should I have a…
NL - Apologize to Monica
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4 answers

How much of my income should I put towards paying off student loans vs saving for a house?

New grad here. I finally got all the wonderful mail from the student loan companies informing me I need to start making loan payments. I never realized how much the interest on these things could come out to; 5% seems like such a small number. I…
Daniel Jacobson
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6 answers

Can I sell a stock immediately?

Can I sell a stock immediately at the price of the market or is there a chance that no one would want to buy at that exact time/price thus causing me not to be able to sell?
Omer
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6 answers

Should I sell my car if it appears I will not need it?

My partner and I are moving soon from a suburban rental to a downtown apartment. We are both within walking distance to work (5 minutes for her, 30 for me). We coordinate our shopping needs very well and it has been months since we have each…
rm -rf slash
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2 answers

Euros - Can I trust air.money?

Basically, I am travelling soon and require 1500€ which converts to around (£1,183.06) which is fairly good for today's currency exchange rate. The issue is that it's through a company called Air Money (https://www.air.money) Reading through their…
Phorce
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6 answers

What does inflation mean to me?

Everyone buys different kinds of goods. For example I don't smoke tobacco so I'm not affected by increased tobacco prices. I also don't have a car so I'm not affected by the reduced oil prices either. But my landlord increased the monthly fee of the…
Calmarius
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14 answers

Why do people always talk about stocks that pay high dividends?

Isn't it true that on the ex-dividend date, the price of the stock goes down roughly the amount of the dividend? That is, what you gain in dividend, you lose in price drop. (Of course, sometimes it just happens that the price does not drop as much…
mark3292
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Strategic countermeasures to overcome crisis in Russia

I'm a skilled professional Web-developer and entrepreneur in Russia. I were working with different local companies in Moscow for at least 10 years. I still work with couple of key clients in Moscow and it allows me to pay for my living. Right now, I…
Slava Fomin II
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