Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

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1500 questions
28
votes
10 answers

Why is insider trading illegal?

I feel I must first make the confession that I know very little about stocks and trading them. But when I heard the news of Raj Rajaratnam convicted and what he was convicted of (insider trading), it go me to thinking. Why is it considered illegal?…
System Down
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28
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6 answers

Ideal net worth by age X? Need comparison references

Is there a website resource that gives suggestions for how much savings or net worth I should have at any given age, based on my education level and salary? I'm in my 30s, have no debt, and have been maxxing out my 401k and contributed other…
stackoverflowuser2010
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28
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3 answers

Do traditional and Roth 401k have the same annual contribution limit?

According to everything I can find, the annual contribution limit for both traditional and Roth 401k is the same ($16500 in 2010). Since the Roth is post-tax, doesn't that mean I can save more for retirement by maxing out a Roth 401k than by maxing…
Mark E. Haase
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28
votes
2 answers

Wife sent to collections for ticket she paid ten years ago

My wife got a ticket 10 years in Nevada. She paid that ticket, but doesn't have any record of it; we've moved a lot in the last ten years and switched banks several times. We got a bill from the collections agency. She has been in touch with…
Nate Anderson
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28
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2 answers

Charging the company I work for to rent from myself

I have a Vacation Rental By Owner (VRBO) rental in a city that the company I work for (large company - W2) requires I travel to regularly. I am authorized to use either hotels or VRBO/AirB&B rentals when I travel. Is there any financial / tax reason…
maplemale
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28
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7 answers

I have savings and excess income. Is it time for me to find a financial advisor?

My current status looks like this: I am a single professional engineer in bay area in my thirties. I invest on our company stock every month, as ESPP, and after that I have ~4.5k net income every month. My rent is ~1.6k per month. I spend 400 to…
xis
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28
votes
4 answers

How can I send money on Paypal without revealing my real name or address?

I have not used Paypal before; however, I need to use it to send money now. I have heard that Paypal shows your real name and address when you send money. How can I stop that, so that I can send money without giving the recipient my real private…
Somatic
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28
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5 answers

Owning house for 3 years. 15 or 30 year mortgage?

I'm about to move to a new area and will be living there for 3-4 years and then moving to another area (I'm in the military and move every 3-4 years) and I'm thinking that buying a house there is my best bet. I'll probably be selling it when I…
user42027
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28
votes
3 answers

My tenant wants to pay rent through their company: Should this raise a red flag?

I have a tenant in a residential rental property who wants to pay rent through their company. They are asking for my SSN because they say their CPA needs it. Should this raise any red flags?
Nathan
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28
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10 answers

Which practice to keep finances after getting married: joint, or separate?

My wife and I have been keeping our finances separate for a long time. Some of my friends just put everything in a big pot. We each have our own pot, but then we have a common pot where we put all the common expenses money, and we pay all expenses…
Geo
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28
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3 answers

Robocall claiming to be IRS saying they are about to sue - Is it legit?

We got a recorded call with a message claiming to be from the IRS. It said they were giving final notice and preparing to file a lawsuit against us. In our case, the message went to voicemail so the end was cut off, but it seemed like a scam all…
user32479
28
votes
3 answers

Received federal student loan collection letter, but never had one. What to do?

Yesterday I received an unexpected letter in the mail, a federal student loan collection letter from ConServe collections. I've never had a federal student loan, so it was quite surprising to receive such a gift! The letter is a little strange. It…
Matthew Drury
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28
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6 answers

Loan to son - how to get it back

A few years ago, we loaned our son money to start a business, which did not flourish. Yep, we know now it was a bad idea. But now, we owe $54k on our equity line, which he is only paying interest on. Question: should we pay it down with savings…
Mike A
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28
votes
5 answers

If I plan to buy a car in cash, should I let the dealer know?

Is it desirable for them if I paid in full? Should I let them know or should I keep it to myself? Will I get lower prices if I was willing to pay in full?
Zaenille
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28
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14 answers

Do I even need credit cards?

I'm 24, and so far I've been able to live without credit cards of any kind. My wife calls this "If we can't pay for it right now, we don't need it." Obviously this does not apply to our car and our house, but for every other major purchase we…
Matthew Jones
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