Personal Finance Question and Answers

Is "gimme five" really support?


Question:
They said it was on "How I Met Your Mother" - simply wanted to see if anyone have heard of anyone reviving this classic joyful ritual...yeah, I know it's an important issue to be on here asking a grill about.

Answer:
It never go out of style---you must not be around very small children, huh? It's the first point they learn after "NO"!
I prefer giant fives, and yeah, I do them all the time.
no
no.
if you podium your life on anything barney say or does your asking for humiliation
yea, high five is more approaching it nowadays
On the backhand side! I haven't hear anyone say it besides associates over 40 ... so no, I don't think it's surrounded by.
i don't trust a man who don't high-five
Nah. I don't think so.
My kids and i endow with High Five's all the time.
yes
I Believe according to the "man law", we are still soaring 5ing untill we find something better to replace it with
Yeah it is put money on!
Gimmie 5... DOLLARS! HAHAHA
i didn't know that it was gone.

i'm addicted to glorious fives!
LOL that's funny. I don't about that slang occupancy anymore but I got $15.00 bucks today for taking a fondness panel. lol if you're interested in making some currency that is. they rewarded us in brass. 1-8OO-242-4118.
so when you go to the front desk after the trialling is done, tell them to "gimme 15 " and they will
With inflation, gimme ten should be used at present.




am 44 yrs elderly...should i switch from 401k to roth ira contained by 2007? reward taxes very soon vs paying taxes subsequent w/ 401k?


Question:
u get duty saving immediately with a 401k, but earnings taxes upon disbursement, later.
next to roth ira, no tax nouns now, but u dont own to pay taxes upon disbursement.

Answer:
It's a appropriate idea to own both because you don't really know what your financial situation will be when you retire so it's a good perception to have money that's tax-free as all right as money that's taxed. Save some taxes very soon and some later. Then you can play near disbursements to do what's best for your tax situation after you retire.
roth is better listen to clark howard on am 750
you will find everything you involve to know
I would suggest you call the Dave Ramsey show and ask him what he think.
888-825-5225
I believe you have be given bad information, if you move off your money in the 401k or Roth until your 56, near are no taxes to pay
after you repeal your money. There are tax advantages to have both.
This has be a debate for a while and after studying the arguments, I think it probably make no difference. Paying taxes later vs in a minute is probably a bad thought unless you think you'll be surrounded by a higher charge bracket at retirement. There are online calculators to help you-try questioning for 401k vs roth ira. My concern is that you make sure to contribute at lowest whatever amount your company match to your 401k-that's free money and is the best deal around! You could also start a Roth IRA contained by addition to your 401K
One piece you didn't mention is wheather or not your company matches any portion of your 401K. If they do, you should verbs to put enough within to get the clash. That's free money. You could then pocket the rest and put in a Roth.
One of the reality of life is that sometimes a sum is greater than it's parts.

Just for you to consider, pulling out massive amounts of cash contained by later years to wage medical costs - results in greater tax liability. So if this is a concern, switch to a roth.




Someone told me if you appropriate more than $1,200 out of your checking . That the Federal Govt. is notify?


Question:
Why is this and is it true? How much can you take out and how regularly of your own money without the Govt. getting involved. If the dune has a history why alert the Govt..seems close to an invasion of privacy. I just considered necessary to take out a couple thousand for a trip...

Answer:
The Patriot & Anti Money Laundering Regs require anyone, even clerks to notify the senate if they think anything is outlandish. Anybody's opinion or terror of not reporting can trigger a report. It is a worry but I don't surmise you do anything-it doesn't matter what amount anymore.

By the road, the clerk or bank is also required to hold the reporting a secret from you.

This from http://www.occ.treas.gov/handbook/bsa.pd... :

Suspicious Activity Reporting Requirements

An successful BSA compliance program includes controls and measures to identify and timely report suspicious transactions. A financial institution must apply due diligence to be able to generate an informed decision roughly the suspicious nature of a dedicated transaction and whether to file a suspicious buzz report (SAR). SARs can be filed on any transaction occurring contained by any
bank department.

I hold a securities license and enjoy taken the Anti Money Laundering tests. Believe me, it's true. Have your wall or security firms rules changed? Everyone scrambled to comply. Banking firms have systems already set up to catch the $10,000 rule-they've simply recoded a bit...
Ask your bank - but NO this is not true.

The Feds are notify when you move $10,000 or more across international boundaries, e.g. taking money from your New York City bank description and depositing it in your London guard account.

$1200 isn't worth their time. I compensated for a clutch that cost me more than that recently, and I wrote a check. What roughly speaking parents who pay for college respectively semester for their kid? Think about it.
I though that it be $1000 or above, but I think most of it is bank having to hold track and reporting stuff to the feds when suspicious activities filch place. Although I do keep audible range about the feds self notified of transactions over a thousand, perchance not really tracking it per se, but just self told about it.
May be a hold over from a time when a thousand certainly meant something.
For several reason including terrorists and money laundering the IRS is notify of anyone making a cash bill out or in their accounts of over 10,000.01 surrounded by one business day. This is for our protection and even though it seem like an invasion of privacy I believe this is a good entity. It allows them to monitor the bad individuals and that outweighs the annoyance in my view. Also if you purchase a monetary instrument such as a cashiers check or money order near 2500.00 in brass this is also reported and kept track of to monitor patterns of possible criminal activity.
no...
10,000 bread amounts are to be reported.
By law, if you deposits or verbs $10,000.01 or more you have to steep a form call Currency Transacction Report- CTR). This is sector of the Anti Money Laudering law. Also if you verbs more that 5,000 dollars abroad within is anothe form call Suspicious Activity Report -SAR).
Completly untrue...merely if you receive more than $10,000 in bread.




Anything on ING Direct?


Question:
I don't know much about ING direct, and be considering opening an article there. Does anybody know something just about them? Any bad experiences? I be amazed how how much interest they can give compared to my Wells Fargo narrative.

Answer:
The one bad entity about ING is that it may clutch up to three days to get your money out. If you requirement the money right away, this might not be a good model.


I use Zion's bank.
http://moneymarket.zionsbank.com/...
Right immediately they are paying 5.3% which is the highest around, and they contribute you an ATM card with the picture.

Recently i've been looking into GMAC
http://www.gmacbank.com/
They are paying 5.3% and tender you an ATM card AND Checks.


You might also want to look into EmigrantDirect.
https://www.emigrantdirect.com They pay 5.05%
I've be an ING direct account holder for 3 years, but just this minute opened an online hoard account next to HSBC.

Right now, ING pays 4.40 but HSBC is paying 5.05.

As far as service...okay, they're internet based accounts, so you really only manage it yourself.
I moved the bulk of my hoard there a year ago and own made out like a thief on interest.

The only gloomy, and it's not too bad, is that it take a few days for money to move into or out of the account so we entail to anticipate a bit more.

Never had any protection trouble or missing transactions. The website is easy to use and they hold more security than I can shake a stick at and keep hold of upgrading.

Never used for CDs or loans as we get better deal locally on that but we're happy near the savings accounts.
I deem it's great and I highly recomend it!

You acquire 3.5% ($CND) interest which sure beats a big ridge savings details. There are other banks out within such as ICICI that pay more interest but apparently they're have some customer service issues. (see source).

I've been near ING for 3 or 4 years now and enjoy had no problems of any sort. I've have pleanty of questions to ask and their customer service have been great.

Plus their website is organized and super undemanding to use.

Hope that helps!
I hold had one for years...have no problems with it..no fees and one of the best except the best interest rates around...I can access my money either on the Internet..(transfer to my chequing account)...through an ATM or phone..and adjectives come with no fees. I use it to gather $$ so I don't withdraw thoroughly often. You can set up an automatic stash plan (which I have) and watch your dollars grow. I am contained by Canada but I would think that it would be similar within the States.
There are a fine choice, but you'll still need to hold an account near a local bank. I hold had an vindication for a few years and have be very pleased.

As the others enjoy indicated:
Very nice % paid on deposits
Withdrawals can filch 3 days
Deposits have a "hold" and/or cost
A few other "online" banks wage a bit higher
The individual problem I ever had next to ING direct was setting up the story. It took me SIX MONTHS! They kept wanting me to send them copies of bills, etc. If I did not know better, I would hold sworn they thought I was not who I said I be.

I finally had to escellate up three level of management and complain resembling hell!

FINALLY, they opened an narrative for me! I hooked them up to my "real" bank rationalization, transfered money back and forth to engender sure it worked - it did!

Absolutely no problems ever since. I make awesome interest, and - presently that I am an establish customer - nothing is too much trouble.
truly just set up my depiction a few days ago. i called the customer service number because I have a few questions, and they be VERY friendly and helpful.
hi
Ing within FDIC insured bank, but compare them adjectives at bankrate.com and you will see that you could do a little better a emigrant or hsbc.




Why should I use a edge custodian?


Question:


Answer:
They hold all your shares and whatnot so you don't enjoy to store them.
If your bank wants cleaning.

?




HELP! Does anyone know how i can procure 3 dignified contained by 2 hours?


Question:
I can't ask family and freinds and i enjoy bad credit but i really entail help. anyone know a solution?

Answer:
impressively difficult indeed ... legally to be exact, but illegally i can't explain to you how sorry
get a career.
What is your problem? Is someone gonna kill you?
THREE GRAND IN 2 HOURS! unless you know someone rich that's resembling impossible. . . get a opportunity it helps
I don't know, no wonder you own bad credit.
wow 3 distinguished in two hours a loan shark or having a bet... not even prostitution can get you 3 pompous in two hours 3 elegant gets you a dignified class call girl for overnight and I don`t know the weekend.
if u find out , let me know, trying to return with out of an abusive relationship.
Borrow it from someone who sell drugs. Seriously. The average dealer is the single person besides a loan shark that carry around and will lend 2,000 dollars to someone. Really though, I can't help you any more minus knowing where you are (city, not adress) and why exactly you call for it. I'll be here until 5, so mail me
A loan shark, but thats hazardous. ...sell stuff...rob a dune!
I'm not trying to be mean. But why the hell do you come online to ask those how you can make 3 imperial in two hours?? Unless you're going to budge sell drugs I doubt anyone can narrate you how to make that much surrounded by two hours. I understand you may be surrounded by hard situation and I'm sorry but asking for oblige in a place close to this is not going to help you. In reality you may be putting yourself in threat by falling for a scam that could lead to serious mess up. Good luck.
other than prostitution or drug dealing there's no method you can get 3 august in 2 hours
Are you asking almost a loan or just 3K beside no expect to return the $$$. If you are not asking about a loan, don't travel to a drug dealer or loan shark, because consequently they'll own you until it's paid bad. which they'll charge you an arm and a leg. Don't even try paycheck advances.. because you'll never verbs yourself out of the interest rate they charge. If you ahve the expectation to pay stern and have collateral, telephone your back or try your credit card company that you've be with for comparatively a while and paid in good time. get an promotional low rate for the short permanent status loan and then try to payment it on time monthly and eventually wage it off past the rates jump.




If you Invest US$50,000.00 beside a return of 25% would that be a dutiful investment?


Question:
A Manufacturing Company in The Caribbean (Jamaica) near Export Potential to the USA, Canada & Europe.

Answer:
Sounds a bit risky...being surrounded by Jamaica..If the return is confirmed then step for itif its an estimate i would steer clear.

Better yet bargain to a financial advisor..you'll get more option
It depends on the time. Is that 25% a year? If so, that sounds pretty good. But not fitting if you can get a 26% return elsewhere.
25% surrounded by a year would be good. 25% contained by 10 years, not so good.

However, I'd be exceptionally careful. Who is recounting you you're getting a 25% return? The owner of the manufacturing company? He want's you to put $50,000 of your money into his company and is relating you you'll get a 25% return?

Ask yourself this sound out. If it's going to return that much, why isn't he investing his own money in it? He could bring a loan at a bank and even after paying interest on the loan, he'd still be track ahead if he's making a 25% return.

If it sounds too good to be true, it probably is.
Such a dignified return on an annual basis would be outstanding! So outstanding that it is probably be a scam. I consider a 10% return perfect. I personally would not invest contained by this because I would not trus itt and believe all of my money would be gone.




Which is better for allownce $1 a week or one penny and that penny doubled respectively light of day?


Question:
So, by the end of the year what is the total for $1 a week and what is the total of a penny total doubled each day for one year? That is one penny today. 2 pennies the next, 4 pennies the subsequent, 8 pennies the next, and so on

Answer:
$1 a week is $52

1 penny doubled each day is
2^365 = How much $

In other words, 21 million in one month...

I muse it's a safe bet for the penny.
honey, do your own homework
walk to bed so mommy doesn't see you up past your curfew
dollar a afternoon! I like your picture!!
1 penny doubled respectively day. That is over 5 million!
$1 a week would furnish you $52 at the end of the year. At the extremity of the first month doubling a penny youd be in the $5 million ballpark. To even concieve what that would come running out to in a year is a moment ago tiring. I suspect you'd make Bill Gates look poor.
How oodles weeks in a year? 52
How plentiful days in a typical year? 365
1+2+4+8+16+32+64+128+...

After eight days, you are making more respectively day than respectively week for the other example. A better question would own been, "Which is better? $1 a week for a year or a penny the first week and doubled respectively week for a year.".
Obviously you don't know how to play chess.
Go for the penny doubled.
1$ a week if i am the parent who will give allowance so that i can salvage
The pennies.
Total for $1/wk = $52 at end of year

Total for penny doubled day after day (365 day year) = 7.1 x 10^107 or over 7 million googols.

the better promise is the penny doubled unless you have a big degree of confidence that you will die (or otherwise end your currency flow) within the subsequent 9 days. (If you go 10 days, you are absolutely better off near the doubling penny).




Are most those getting checking accounts that gain interest? My wall isn't offering that?


Question:


Answer:
Most interesting bearing checking accounts require a minimmum monthly set off and each mound has different critieria for this. For example, a edge could require as little as $500 minimum monthly balance while another could require $5,000 minimum monthly go together.

Most large bank offer what they phone a Money Market Account and this is an interest earning checking article with a minimum monthly harmonize required.
I haven't heard of that anymore... if you own enough money I would accessible a money market statement with something similar to Fidelity.
Even if it was the interest rate would stink and/or you'd be required to maintain a decent sized minimum stability.

What you may want to do if you have thousands contained by your checking account is set up a Paypal portrayal and link it to your sandbank. Then "sweep" all your extra change that isn't going to be drawn on with checks, etc. contained by the next month into your Paypal article that will earn >5%. If you ever need to write a big check lately be sure to "sweep" the money back within from Paypal to your checking account. It take a couple of days to show up but is just a few clicks to achieve.
No, normally such accounts don't draw from any interest paid!




this is what a get give a hand me engender a budget to live on?


Question:
I am a Correctional Officer I make $24778.00 a year net. Some of my bills are that I have 3 kids that live near me 14, 11,&7 and I also pay child support $600.00 a month on 3 other kids 13,11,&9. Help me set up a budget. ( I KNOW IM SCREWED RIGHT)

Answer:
Im really flawless at this sort of thing, I do this for a living( not set budgets) but loan according to debt to income ratio. so you need to agree to me know what other bills you have.I would love to support, Email me.
Learn to say no to the things you don't inevitability. Also you don't need to attain your kids everything they want, they will still love you..And put whatever you salvage in stash or a CD
You will inevitability to get another undertaking.

Coach
Yep you are screwed. You sure got busy on those kids though.
look around on suze orman's site, she's an amazing finacial personand can relief you set stuff up to budget yourself right, just be prepared to sacrafice
2064.83 a month income
- 600.00 child support
------------------------------...
1464.00 a month is disappeared.

The only entry I can say is shop for your grocery's at discount stores. Don't buy anything to be exact not for a meal. Keep your electric bill down by making everyone turn out the lights within the house exept for the room they are in. Only use liveliness saver bulbs. generate the 14 year old babysit to buy the item he/she wants such as clothes etc. It can be done. i promise but minus knowing all of your bills it make this question drastically hard.
Go and find a book by Larry Burkett called "The Complete Financial Guide for Young Couples". It take you through step-by-step on how to set up your budget, making sure that you include yearly expenses similar to insurance, car continuation, birthday gifts, etc. that usually are the budget busters! You can do it! This book is a lifesaver!
I think it is exalted to focus on increasing your income so that you can meet your obligation and live a lifestyle of freedom and enjoyment. I enjoy found that vehicle for myself and it is called Primerica Financial Services. I would not hurt to find out give or take a few this company because you can really get ahead by earn some extra part-time money. One more article, I have be her already, but, don't let other those tell you something is unpromising like it be a book in the Bible, find out for yourself by visit them. Best of luck.
I am guessing you bring home about $1600 after taxes. $600 of your money is tied to child support, I am guessing another $600 is tied to housing, departing you $400 left respectively month for utilities, food, gas, and other necessities. I am sure you are struggling financially based on these numbers. I would try to find a second employment, try to find a higher paying employment, and/or go stern to school within the evenings so you can set yourself up for better opportunities.

Some cost money I would suggest

1. Move in near someone to share housing expenses
2. Sell your car and win a older model near smaller payments
3. Stop all unneccessary services (cable, cell phone, etc)
4. Rideshare beside someone to cut down on gas expenses

Good luck
Yup, that's a lot of kids. I don't deduce you're "screwed" at all but you'll enjoy to make some tough decisons. You hold a pretty good opening which will probably include a better salary surrounded by the future. I've prearranged women that made less than you and salaried off their morgages powerfully before retirement.

Search for household budget tips, household cost reserves, check out yahoo finance and Msn money for personal nouns tips. Groceries and housing are often the easiest things to cut support on-cheap menu tips are available too.




What is the best and affordablein NYC?


Question:
What are the best and affordable insurance of any type to get. How much does it cost?

Does it cost more or smaller number to live in NYC vs. Los Angeles?

Answer:
List of best Life Insurance compnies offering different types of Life Insurance
Check the schedule and find out which is best for you,
http://life-insurancee.blogspot.com/...




Need guidance on how to become debtfree when one is burdened near debts beside no income?


Question:
House mortgage(closure amount nearing Rs10lac),total outstanding on various short occupancy loans(Rs5 lac).Should one go for selling the house and clearing debts.(estimated house price Rs 30 lac).

Answer:
Get a career and start paying off your debts.

Even if it's a low paying situation, any income is better than none.
Get a Job. That will be the only channel to pay your debt.
Hi. You call for a debt relief. There are masses compnies offering this service for International custmors also. Check the list here. You will find the best one for you,
http://debt-relief-free.blogspot.com/...




how to trade valid estate?


Question:


Answer:
If you have no experience, it is best to turn with an agent, but BE CAREFUL! Shop around for an agent who is honest, ethical, and is steadfast to working in your best interest.

There are frequent agents out there, but so few who can be trusted. Don't sign anything until you are positively comfortable with your prospective agent.
Here is a record of websites offering large selection of Appartments and real estate as per loaction. You can index you property on there website. List it on different websites to seize more exposure. Check it here,
http://realestatesell.blogspot.com/...




What should we do to know how to clear our 6m debt within the edge?


Question:
my parents borrowed money from the bank when they be still starting our export business before it be good but in a minute that china had cheaper products, sale WENT DOWN and the bank desires us to pay urgently. what should we do? my 3 siblings are still studying surrounded by a very high-standard conservatory with avery big amt. of tuition levy. what will you do if you were surrounded by my place?

Answer:
Sell the export business, and cut your losses. Take the money from the sale, and discharge off your business, and start another.
Bankrupt
We adjectives are.its call globalization.
find something to do, save for sit on yahoo asking a question, beside a answer that you already know
Tell your parents to have some personal responsibility and settle what they owe. That is what they promised to do when the bank give them the money isn't it? If the kids have to drop out of university, oh well. The path I was raise, you pay your debts, logically that isn't very popular today. Blame adjectives your problems on someone else and don't take responsibility for anything.
The bank are a greedy lot. Hold them off, money them slowly. Just get them to adopt some payments. Not the payments you are obliged to pay envelope, but make an go to pay something. Reduce your costs and even lower your prices and liquidate.
mow lawns similar to HELL!
Hi. You need a debt nouns. There are many compnies offering this service for International custmors also. Check the document here. You will find the best one for you,
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hi




multiplication of widow's benefits?


Question:
I need a simple guide to divide a widow's benefits after the death of a retired U S army officer.

Answer:
Check here to find your specific situation:

http://www.widowsresource.com/1/retirees...




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