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Personal Finance & Money : Recent Questions and Answers (Page 438)

Find answers to your questions about Personal Finance & Money or help others by answering their Personal Finance & Money questions.

Filing Form 5500EZ and Plan Characteristics Codes for Line 8

I recently shutdown my individual 401(K) plan at E*Trade. There was also a Roth 401(K) plan also. I plan to file form 5500EZ twice, once for each plan. On line...

Asked on 12/14/2020

1 answer

reconcile yearly credit card statements

Background: My clients get credit card statements every year. He wants me to find out that whether the Bank is going fair calculation or not. Question: Is there any quick...

Asked on 12/14/2020

1 answer

Can a company buy a bigger company?

Let's say company X is worth $10 billion by market capitalization. Can it acquire a company that's worth $20 billion? It sounds impossible, but I would like to know what...

Asked on 12/14/2020

1 answer

What does 'Maximum load' usually mean when associated with a Bank account?

This Cashplus account has a maximum balance of £15000 and maximum load of £15000 - could you explain what maximum load means and what is the difference?(https://secure.membersaccounts.com/tc/bus-tc1/terms-and-conditions.pdf)? ...

Asked on 12/14/2020

1 answer

Does dividend reinvesting influence the price?

A dividend paying asset pays a dividend on a specific date. When brokerages auto-reinvest these proceeds (DRIP), won't that influence the price (assuming that it's a market order)? In other...

Asked on 12/14/2020 by brt

2 answer

Payment made to invalid IBAN missing last 2 digits, Payment is still in reservation. Where is has the money gone? Payment was from Belgium to UK

Payment from Belgium bank to UK. Missed last 2 digits from IBAN in receiving UK account. Will the payment get bounced? Money is shown as being reserved?...

Asked on 12/14/2020 by Bobby Sandeman

1 answer

Argument against small-cap investment

I just finished John Bogle's The Little Book of Common Sense Investing, and I think I am convinced that investing in index funds is a great idea. I thought that...

Asked on 12/13/2020

1 answer

Home Loan Refinance Prepayment Penalties

I am a homeowner in the USA. Interest rates have dropped recently and I am exploring the possibility of refinancing my home loa My existing home loan stipulates that...

Asked on 12/13/2020

1 answer

I am a single member LLC. I am most likely going to have a business loss this year 2020. What do I need to know to report a loss?

I run a small repair shop in NYC and this year 2020, I will need to report a loss. I never reported a loss before so I'm not sure if...

Asked on 12/13/2020

1 answer

compute the price of a 90-day zero coupon bond with a face value of $100 if the market yield is 6 percent

This is a question from a textbook:compute the price of a 90-day zero coupon bond with a face value of $100 if the market yield is 6 percent Unless indicated...

Asked on 12/13/2020

1 answer

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