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Personal Finance & Money : Recent Questions and Answers (Page 70)

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

Is a Roth IRA preferable to a Traditional IRA?

With a traditional IRA, you are taxed on the complete balance of your account when you cash out after retirement correct? This would mean you are taxed on contributions +...

Asked on 08/08/2021

5 answer

Transfer 529 Funds from Child's Account to Pay Parent's Existing Student Loans?

We have been saving a little every month into our daughter's 529 account since she was born. She is now 10 years old, and the account balance is about...

Asked on 08/08/2021 by Martin in Cal

1 answer

Rundown on minimum initial investments?

I found while looking at money market/purchased money funds that while there is no minimum initial investment for SWVVX ("investor shares") there was a minimum initial investment of $1,000,000 for...

Asked on 08/08/2021 by Gramatik

1 answer

A car dealer filed an 8300 form with the IRS after I made a large cash down payment on a car. Do I need to do anything about it?

I made a $10,000 cash down payment for car I bought 2 weeks ago. The dealer send me copy of form 8300 they filled for that transaction. What happened next?...

Asked on 08/08/2021

1 answer

A friend wants to use my bank account to receive $50K and forward 65% of it to himself. Is this money laundering?

A friend of mine says that 4 years ago he invested $500 in bitcoin and now the bitcoin company is paying off $50,000. He wants me to use my bank...

Asked on 08/08/2021 by Karen Johnson

3 answer

Futures and dividends

Let's say I have a portfolio of futures for a long period (let's say 2000-2020).All of my underlyings are equity indices. I am always invested in the next maturity...

Asked on 08/08/2021

1 answer

Withdraw after-tax contributions from 401k without penalty

In my most recent payroll (which included bonuses), I messed up my contribution % for pre-tax and after-tax 401k. I ended up with $10k in pre-tax and $44k in after-tax...

Asked on 08/07/2021 by contributed too much

0 answer

Futures contract month code

In futures contracts, the delivery month is reflected in the symbol name with a letter code. The letters for all 12 months in order are F, G, H,...

Asked on 08/07/2021 by Randomblue

2 answer

Selling apartment, what taxes do I have to pay?

If I understand the tax laws in Germany correctly, it is as follows: Case 1: If I owned the apartment at least 10 years I don't have to pay taxes...

Asked on 08/07/2021

0 answer

When are checks are preferred over cash, and when cash is preferred over checks?

Checks are not guaranteed to be cashed, as the payer's account may not have enough money at the time of cashing, and the payer may not know when the payee...

Asked on 08/07/2021

1 answer

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