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I'm a long-time homeowner. In 2020, I refinanced my home. Due to the refinance, and switching mortgage banks, I made mortgage payments to three different banks in 2020:
- Bank A (original mortgager): 8 monthly mortgage payments, January - August
- Bank B (temporary mortgager): 1 mortgage payment, October
- Ban... |
This is a follow up question to [this one](https://money.stackexchange.com/q/135882/106319).
There existed deep in-the-money puts at strikes of $800 being traded for an instrument whose price was much below that (in the ballpark of $225 at the time, now at $53).
The put's open interest decreased over time. As I ... |
Does exercising an option move the price? |
Unfortunately, your question is off topic for this stack.
The issue itself is problematic for the very reasons you state. And many that you don't.
First - How to separate the needy from those who aren't? Does the student from the wealthy family who just graduated business school with loans but with a $100K/yr job... |
This is a follow up question to [this one](https://money.stackexchange.com/q/135882/106319).
Summary: There are deep in-the-money puts at strikes of $800 being traded for an instrument whose price is much below that (in the ballpark of $225 at the time, now at $53).
The put's open interest decreased over time. A... |
I have a mortgage on my primary home, which consists of two sub-account: one is for the original loan with about £30K remaining on it; the other part is the extra borrowing to build an extension - that part has about £40K left on it. These two parts are on a different schedules (rates/periods) which are like this:
... |
Pay out lower interest mortgage now or wait and pay higher interest later? |
I have a mortgage on my primary home, which consists of two sub-account: one is for the original loan with about £30K remaining on it; the other part is the extra borrowing to build an extension - that part has about £40K left on it. These two parts are on a different schedules (rates/periods) which are like this:
... |
> Does Biden’s proposal include reimbursing students who paid money for their tuition?
Since March 20, 2020, federal student loans have been at 0%, and payments are not required. This has been extended by executive order through September 30, 2021. (Source: [studentaid.gov](https://studentaid.gov/announcements-event... |
My wife and I are foster parents, and long story short we are planning to adopt three kids this year. In anticipation of this I went ahead and considered the kids as dependents for 2021 and updated my W4 at work. We already have one biological child.
Interestingly, going from one child to four apparently means that ... |
Does having several kids really mean I don't pay any federal taxes? |
I have a mortgage on my primary home, which consists of two sub-account: one is for the original loan with about £30K remaining on it; the other part is the extra borrowing to build an extension - that part has about £40K left on it. These two parts are on different schedules (rates/periods) which are like this:
- ... |
Can I move money from my savings account to my mother's account on April 1st (beginning of the financial year in India) and move the money back (original amount, not including interest gained) to my account on March 31st (end of the financial year) in order to save tax on interest from the savings bank.
In India, in... |
Can I avoid tax on savings bank interest, If I move the money to my mother's account who is not under any tax slab? |
> what should we ask price wise?
The market value, of course As @Phillip suggested, have a professional real estate *appraiser* (that's what they're called in the US).
And make the buyer pay all the closing costs.
> I do not want to *offend* by asking too much
Stop thinking that way. **Immediately!!!** Th... |
I have a 401k from a prior employer that I quit from a couple of years ago.
As I cannot invest in it any longer I have decided to move it into a "Rollover IRA".
I already have a Roth IRA. Are my contribution limits affected in my Rollover IRA since I am only allowed to put in 6k yearly in my Roth IRA?
Basically... |
Rollover IRA and Roth IRA Contribution Limit? |
I am currently discussing to purchase a lot at Prince George's County, MD. The original deed refers to a right-of-way deed with the state of Maryland for a small piece of that lot. I have a copy of the right-of-way deed. I am trying to retain a right-of-way lawyer who will go through the deed and explain my limit on th... |
A traditional IRA is tax deferred, meaning you will pay ordinary income tax on withdrawals once you are at least 59 1/2 years old.
My question is that since you are paying taxes upon withdrawal and therefore based on the total value of what your portfolio has grown to, are you effectively paying capital gains tax? E... |
Does a traditional IRA actually save you capital gains tax? |
> Does Biden’s proposal include reimbursing students who paid money for their tuition?
Since March 20, 2020, federal student loans have been at 0% interest, and payments are not required. This has been extended by executive order through September 30, 2021. (Source: [studentaid.gov](https://studentaid.gov/announceme... |
You are effectively paying tax on the gains, but the treatment and rate are different than if you had made the same investments in a non-tax-advantaged account.
Let's assume you plan to invest some amount of money (e.g. purchase X shares of ABC stock), and hold the investment until retirement.
If you forego the I... |
Open interest declines for three reasons:
- Option expiration
- Option exercise
- A pair of closing option transaction (one counterparty buys to close and the other sells to close and the contract ceases to exist).
> Since it expires today, I know for sure it hasn't expired yet. So some of the open interest... |
> what should we ask price wise?
The market value, of course. As @Phillip suggested, have a professional real estate *appraiser* (that's what they're called in the US).
And make the buyer pay all the closing costs.
> I do not want to *offend* by asking too much
Stop thinking that way. **Immediately!!!** T... |
Inspired by my question and [JTP's answer here][1], there are some cases where a person's tax credits are much more than their tax liability. That person might even pay a "negative tax" and get a refund with these credits, but a lot of them are [not refundable or only partially refundable][2].
For example, if my tax... |
How should I take advantage of under-utilized tax credits? |
How could I take advantage of under-utilized tax credits? |
I have a 401k from a prior employer that I quit from a couple of years ago.
As I cannot invest in it any longer I have decided to move it into a "Rollover IRA".
I already have a Roth IRA. Are my contribution limits affected in my Rollover IRA since I am only allowed to put in 6k yearly in my Roth IRA?
Basical... |
Open interest declines for three reasons:
- Option expiration
- Option exercise
- A pair of closing option transaction (one counterparty buys to close and the other sells to close and the contract ceases to exist).
> Since it expires today, I know for sure it hasn't expired yet. So some of the open interest... |
****Do I need to report my January 2021 wash sales in my 2020 tax return or how are they handled?**** I have some wash sales in the month of January which are of course the result of similar transactions that took place in Dec 2020. I am not sure what should be done with them. Thank you in advance for your help! |
How do I report January 2021 wash sales in the 2020 tax return? |
I have an old 403B plan, I am 47 years old and would like to convert part of it to a ROTH. I would like to convert $100k to the ROTH, but will then have to pay taxes on the conversion. Lets just say $25K in taxes on the 100K conversion. Can I just take a loan from my existing 401K plan (for $25K) to pay the taxes, a... |
Paying taxes on a converted old retirement account to a ROTH IRA from a 401K loan from current employer? |
A conversion to ROTH is a bet that your current marginal tax rate is less than what your future marginal tax rate will be at retirement. The $25K you pay in tax now is essentially a $25k opportunity cost from your 401(k). You're paying $25k to get $100k tax-free.
Let's say that the future growth of either account i... |
I have an old 403B plan, I am 47 years old and would like to convert part of it to a ROTH. I would like to convert $100k to the ROTH, but will then have to pay taxes on the conversion. Lets just say $25K in taxes on the 100K conversion. Can I just take a loan from my existing 401K plan (for $25K) to pay the taxes, a... |
I have an old 403B plan, I am 47 years old and would like to convert part of it to a Roth. I would like to convert $100k to the Roth, but will then have to pay taxes on the conversion. Lets just say $25K in taxes on the 100K conversion. Can I just take a loan from my existing 401K plan (for $25K) to pay the taxes, a... |
Paying taxes on a converted old retirement account to a Roth IRA from a 401K loan from current employer? |
I've got a large amount of money (for me) in a US large cap index fund, with a 0.25% expense ratio. I've recently gotten back into investing after a long hiatus, and am now putting most of my money into VOO for its ridiculously low expense ratio. But my question is - what should I do with the money currently in the o... |
Trading out of mutual fund, into lower-cost ETF - is it worth it? |
In some 401(k) plans, one has the choice to configure one's paycheck deductions to go to pretax 401(k), after-tax 401(k) and Roth 401(k):
[![enter image description here][1]][1]
Is there any upside to contributing to the after-tax 401(k) instead of the Roth 401(k) via paycheck deduction?
---
Notes:
- Rel... |
Dropping my 2-cents too. Obviously you are “richer in the long run” if you buy a lower-maintenance non-luxury car compared to a relatively high end car luxury car; hence the difference between luxury and non-luxury.
Cars are (generally) never a good investment; so you need to consider if it is worth it to you - no one... |
This question is mainly based on GME (though applies to any short example) and whether there’s logic in retail investors holding their long position.
Is there logic in this thinking: “I’m going to keep hold of my GME shares, because hedge funds (who are short) have to buy back the shares at a later date, which will... |
Does short-sellers buying back the stock raise the price? |
Based on the 2021 numbers:
401(k) elective deferrals are limited to 19,500. Limit here make sense as savings offer obvious advantages: pre-tax contributions in case of regular 401(k); non-taxed distributions in case of roth (401)k.
Additionally, individuals are allowed to setup after-tax contributions. As the nam... |
What is the point of a retirement plan contribution limits (with after tax dollars)? |
Buying volume takes place at the ask price and it puts upward pressure on the security when it exceeds selling volume.
Selling volume takes place at the bid price and it puts downward pressure on the security when it exceeds buying volume.
For every trade there is a buyer and a seller. In and of itself, that do... |
Suppose that at the end of each year, revenue for a company was reported as per the table below. What would be the best way to capture the growth over the 5-year period?
| Year | Revenue |
|------|-------------|
| 2016 | $14,000,000 |
| 2017 | $16,500,000 |
| 2018 | $18,000,000 |
| 2019 | $23,000,000 |
| 2... |
How to Calculate Average Growth over a 5-year period? |
Disclaimer: I am not a lawyer and I don't claim to have extensive experience with lawyers. But based on my personal experience and some logic ...
I don't know what typical fees are for a lawyer in Maryland. May well be higher than here in Michigan. But I see @phillip found a source that says typical lawyer fees are ... |
Based on the 2021 numbers:
401(k) elective deferrals are limited to 19,500. Limits here make sense as savings offer obvious advantages: pre-tax contributions in case of regular 401(k); non-taxed distributions in case of roth (401)k.
Additionally, individuals are allowed to setup after-tax contributions. As the na... |
I’m getting started with investing and will be starting with ETFs. When searching for how to pick an ETF, a common term comes up: TER.
As I understand it, the formula is total fund cost divided by its total net assets. The latter is easy to find for a fund, but I am unsure how to derive the former.
Could somebody de... |
How to compute a funds TER? |
> In this context would you simply just add up the growth rate between each year and divide by 4?
No, since linear grow does not scale well. For example, $1M sales growth/year is great when you're a $5M company, but... not so good when you're a $5000M company.
> Or would the CAGR approach be more appropriate?
... |
Yes and no. Yes there can be some logic behind it for GME (and other cases specifically), but no generally the logic is “flawed”.
First let’s remember what shorting a stock means: You borrow a stock from someone (usually a broker), for an agreed period of time. When that period is up, you give the stock back. In betwe... |
Does the stock price rise when short-sellers buy back the shares they need? |
Great question! While investing in individual stocks can be very useful as a learning experience, my opinion is that concentrating an entire portfolio in a few companies' stock is a mistake for most investors, and especially for a novice for several reasons. After all, only a handful of professional investors have ever... |
My sugar asked me to create a new bank2go ive never used it before has no money no anything and he is asking for my account and routing number and online access should I give it to him ? |
Is he scamming me? |
For example, if I return US$30,000 to my parents, considering that they lent me money for my university tuition, can that be considered to be returning borrowed money, even though there were no formal written borrow agreement?
Otherwise, isn't it true that if I give to my parents, then it is considered a gift, and s... |
Can I return money to parents even when we didn't have a formal agreement in the US? |
If someone deposits a large personal check (significantly more than their regular paycheck but less than $10k) into their personal checking account, is the bank allowed to ask any questions? Is the customer required to answer? Would there be any negative repercussions we're the customer to refuse to answer?
It's n... |
1. I own a call option that expires on Friday.
2. When do I decide weather to execute the option? The Saturday after? |
when do you decide if to execute an option? |
https://blog.fraudfighter.com/bid/80625/Bank-Secrecy-Act-The-10-000-Rule
> **Under the $10,000 Rule, What Does "Cash" Mean?**
> Cash is of course U.S. coin or currency. Cash also applies to currency of any other nation. Cash can also be a cashier's check, money order, certified check, traveler's check or bank d... |
1. I own a call option that expires on Friday.
2. When do I decide whether to execute the option? The Saturday after? |
If someone deposits a large personal check (significantly more than their regular paycheck but less than $10k) into their personal checking account, is the bank allowed to ask any questions? Is the customer required to answer? Would there be any negative repercussions were the customer to refuse to answer?
It's no... |
I have a 1944 coin, the back is different, I'm not sure it has any error since the coin is a bit dirty, it needs to be clean, It does have a mint mark, is there anything I can do with this? |
If this is the case, and you have any pre-tax retirement money, now is the time to consider Roth conversions. Not all at once, of course, but just enough so you would pay perhaps 10% on some of the conversion. If your taxable income is being sent negative you are losing a benefit you can gain back by converting that am... |
I sold covered call options, and I would like to buy to cover when the market opens on Monday. For this particular instrument, trading volume is a bit thin, and I would like to "hide" my orders so they are visible only when they are triggered by the market price.
Since I am buying to cover, I would love to get the ... |
I worked for a bar/restaurant that opened Feb. 14, 2020 and then covid hit a month later and then closed. I worked for the whole month and never received any paychecks. I tried contacting the owner and his assistance but got the run around. Back in Oct of 2020 they sent me 2 checks but I was unable to deposit them due ... |
I use Flatex for trading stocks and I bought 16 shares of [SPDR S&P Internet ETF][1] on the Berlin stock exchange. It gained in value (~22%) and I'd like to sell it. For 2 months _nobody_ wants to buy it (in Berlin). The only other place this ETF is traded at is AMEX. Flatex told me I can't sell it there because the st... |
From an article titled [Bank Secrecy Act - The $10,000 Rule](https://blog.fraudfighter.com/bid/80625/Bank-Secrecy-Act-The-10-000-Rule)
> **Under the $10,000 Rule, What Does "Cash" Mean?**
> Cash is of course U.S. coin or currency. Cash also applies to currency of any other nation. Cash can also be a cashier's c... |
I just realized that I missed the last estimated tax for the 2020 year. There is no 2020 option on the "Tax Period for Payment" field on the IRS "Direct Pay" site. What I can do? Is there a place I can pay my 2020 fourth-quarter estimated tax? |
I missed the last estimated tax for 2020, where to pay then? |
I worked for a bar/restaurant that opened Feb. 14, 2020 and then covid hit a month later and then the place closed. I worked for the whole month and never received any paychecks.
I tried contacting the owner and get his assistance but got the run around. Back in October 2020 they sent me 2 checks, but I was unable t... |
What kind of taxes I would need to pay for receiving bitcoin gift (>100k USD) from foreign relative (Russia -> USA)?
As I understand, I would not need to pay any tax at the receiving date, as gifts from foreign relatives are not taxable.
Selling those bitcoins is completely separate event from IRS perspective an... |
You should be following the steps from the IRS for [W-2 - Additional, Incorrect, Lost, Non-Receipt, Omitted](https://www.irs.gov/faqs/irs-procedures/w-2-additional-incorrect-lost-non-receipt-omitted/w-2-additional-incorrect-lost-non-receipt-omitted)
> **Question**
> I received an incorrect Form W-2. My former emplo... |
> But it seems like I should be able to find a better use for that $700/mo.
Yes. That is the heart of the matter. Specifically, can you find something to do with the money that gets a better rate of return than 2.25%? If you put it into the house, you are guaranteeing yourself a 2.25% return. That is fairly low. ... |
> But it seems like I should be able to find a better use for that $700/mo.
Yes. That is the heart of the matter. Specifically, can you find something to do with the money that gets a better rate of return than 2.25%? If you put it into the house, you are guaranteeing yourself a 2.25% return. That is fairly low. ... |
I STARTED AN LLC WHICH WILL BE FILING AS AN S-CORP. SO, MY PERSONAL TAXES ARE SEPARATE. HOW DO I CLASSIFY MYSELF? SELF EMPLOYED? I ALSO ONLY RECEIVED REIMBURSMENTS FOR MY INVESTMENT. DO I JUST REPORT 0 INCOME ON MY PERSONAL TAXES? |
How do I categorize myself if I'm an owner of a corporation, and didn't make anything above my initial investment? |
I started an LLC which will be filing as an S-Corp. Thus, my personal taxes are separate. Am I self-employed, or employed by the LLC? I also only received reimbursements for my investment. Do I just report $0 income on my personal taxes? |
I have an account with a "traditional" stock broker but recently discovered Robinhood which is quite convenient to use and is commission-free. Is it considered safe to keep all my investment money with Robinhood or should I keep my money with multiple brokers to be safe? My main concerns are:
1. Robinhood might go ... |
Is it safe to keep all my stocks with one broker? |
Other than the convenience of a phone app, it eludes me why anyone with a decent amount of assets would use Robinhood. I provided the reasons for that belief in response to the question: [Why is Robinhood a second rate stock broker?](https://money.stackexchange.com/questions/123614/why-is-robinhood-a-second-rate-stoc... |
I see on https://www.finder.com/bank-fees-wire-transfers ([mirror](https://web.archive.org/web/20210118095845/https://www.finder.com/bank-fees-wire-transfers)) that outgoing international wires from the US are typically more expensive than outgoing domestic wires:
| Bank | Incoming <br />dom... |
Lets say I have designed a terrible trading strategy, with a poor winrate of 20% or less. we are not risking more than 1% in a single trade and an excellent risk management and position sizing are in place.
Now can we flip it?
As per quantitative books on trading by good authors - We should not build accidental ... |
Can i reverse flip a bad low winrate trading strategy? |
Can I move money from my savings account to my mother's account on April 1st (beginning of the financial year in India) and move the money back (original amount, not including interest gained) to my account on March 31st (end of the financial year) in order to save tax on interest from the savings bank.
In India, in... |
Can I legally avoid tax on savings bank interest, If I move the money to my mother's account who is not under any tax slab? |
An LLC that I'm a member of, purchased a property from a Trust. The trustee is also a member of the new LLC (we already have the Trust attorney involved to avoid conflict of interest issues).
The property was a Bnb (rented through Airbnb and Vrbo) and the trustee was the online accounts manager.
The purchase cont... |
An LLC that I'm a member of purchased a property from a Trust. The trustee is also a member of the new LLC (we already have the Trust attorney involved to avoid conflict of interest issues).
The property was a Bnb (rented out through Airbnb and Vrbo) and the trustee was the online accounts manager.
The purchase c... |
An LLC that I'm a member of, purchased a property from a Trust. The trustee is also a member of the new LLC (we already have the Trust attorney involved to avoid conflict of interest issues).
The property was a Bnb (rented through Airbnb and Vrbo) and the trustee was the online accounts manager.
The purchase cont... |
An LLC that I'm a member of, purchased a property from a Trust. The trustee is also a member of the new LLC (we already have the Trust attorney involved to avoid conflict of interests issues).
The property was a Bnb (rented through Airbnb and Vrbo) and the trustee was the online accounts manager.
The purchase con... |
Let's say I have designed a terrible trading strategy with a poor win rate of 20% or less. We are not risking more than 1% in a single trade and an excellent risk management and position sizing are in place. Can we flip it?
As per quantitative books on trading by good authors - We should not build accidental model/a... |
Can I reverse flip a bad low win rate trading strategy? |
If this is the case, and you have any pre-tax retirement money, now is the time to consider Roth conversions. Not all at once, of course, but just enough so you would pay perhaps 10% on some of the conversion. If your taxable income is being sent negative you are losing a benefit you can gain back by converting that am... |
When I try scheduling a recurring payment with my Revolut account,I can select a start date and then a "repeat" option, whose alternatives are:
- Never
- Daily
- Weekly on %1$s
- Monthly on %1$s
What does _on %1$s_ mean for the last two? |
What does "Monthly on %1$s" mean when setting a recurring payment with Revolut app? |
Sorry if this is a stupid question, but how do I get a copy of a cheque?
I'm going through the process of encashment of some bonds which I received as inheritance, to do this I need to send over a copy of a cheque to prove my bank details.
Now, I haven't seen a real cheque book since I was a child, I've never had one... |
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