11
1.7yr
The craziness of the US stock Market
cross-posted from: https://lemmygrad.ml/post/4277310
The craziness of the US stock Market
8
1.7yr
(UK) Transferring Stocks and Shares ISA
Hi. With the new tax year fast approaching, I've been contemplating transferring my current stocks and shares ISA account with IBKR UK to another provider/brokerage. I am interested in InvestEngine since they seem to have lower fees. However, I'm wondering how this process will work, especially since I have shares in stocks and ETFs that don't seem to be offered by InvestEngine, but which I'd ideally like to keep. As such, is it possible to transfer ISA accounts to a new service provider if they don't offer the shares held in the account? If it is, how might I trade those shares in the future? ... read full post
14
1.7yr
US probing Adani Group and founder over potential bribery, Bloomberg reports
https://www.reuters.com/world/india/us-probing-adani-group-founder-over-potential-bribery-bloomberg-reports-2024-03-15/24
1.7yr
What are "complicated" taxes that require a professional? (USA)
I always see advice about which software to use and there's always the advice that FreeTaxUSA is the best bang for your buck and does everything you need for when your taxes are "simple." I've used and thought it was great for years. But as my career has grown and no longer filed as a single I've begun to question when my taxes and earnings become "complicated" to the point where it is worthwhile to have a professional do my taxes. Are there general recommended bullet points or scenarios? ... read full post
23
1.7yr
Converted from Nonexempt Salaried to Nonexempt Hourly
As the title says, should I be concerned? I get the impression this is just a bureaucratic change (company doesn't want to deal with both salaried and hourly workers for timesheet reporting). But I'd like to make sure.
9
1.8yr
Japanese Yen stands tall near one-month top against USD on hawkish BoJ talks
https://www.mitrade.com/insights/forex-analysis/usd/fxstreet-USDJPYEURJPYGBPJPYJPNUSDOLLARF-202403111416■ The Japanese Yen continues to draw support from expectations for a hawkish BoJ pivot.
■ Bets for a June Fed rate cut undermine the USD and further exert pressure on USD/JPY.
■ An upward revision of Japan’s Q4 GDP print contributes to the offered tone on Monday.
8
1.8yr
USA: New hourly job filling out a W-4, single person, no dependents, what's the lowest deduction we can choose?
Goal: the least amount of withholdings possible
7
1.8yr
Money tips from one of the greatest investors in history
https://www.npr.org/2018/12/12/676158680/your-cheat-sheet-for-smarter-investing42
1.8yr
[USA] Index Funds Have Officially Won
https://www.morningstar.com/funds/index-funds-have-officially-wonThe inevitable at last arrived. Last month, for the first time, passively managed funds controlled more assets than did their actively managed competitors.
I honestly thought this happened a while ago...
9
1.8yr
2024 HSA partial year limits
Need help please. If I am enrolled in 2024 for 10 months of the year (March-December) in an HSA-elligible HDHP will I be able to max out my HSA to the individual contribution limit of $4,150 or will I get hit with a big tax penalty? Do I have to "pro-rate" my contributions and subtract the first two months since I was not enrolled during that time? Very confused about this and am seeking clarity as I am reading conflicting information online while trying to max out my HSA if possible. Thank you for any assistance. ... read full post
29
1.9yr
[USA] [401K] I was in a settlement for a class action lawsuit involving a 401k. I just received a 1099r. Box 7 has code "7"; I am under the age to withdraw without penalty. Will i receive a penalty?
Sorry for long title: ... read full post
53
1.9yr
When people say they lost their 401k
I've had a few people in my life tell me that they lost X % of their 401k during the (insert financial crisis). ... read full post
12
1.9yr
Low Interest Loan Repayment or CD/HY Savings
Looking to pay off $15k of student loan debt of my partner. It's something we could wipe out with cash on hand if we wanted to relatively quickly. But one of the loans is 4.5%. Am I better off just riding that out but keeping the cash in for that loan in a HY savings account or keep reinvesting it in short term CD's that have a 5% return and to have more liquidity? ... read full post
11
1.9yr
Dealing with a BS "Billing Desk" [USA]
What are my options when my provider sends me a bill without submitting a claim with my med insurance, and is ignoring my repeated requests to submit the claim and send me a revised bill post-settlement? How do I prove that I do not owe the billed amount, and I do not owe them anything until they claim it through my insurance first? ... read full post
11
1.9yr
Is the IRS accepting tax returns early?
I had my taxes all sorted(I'm using Tax Slayer) and was just waiting for them to actually submit the return when it's time. I was figuring it wouldn't be until around the 29th, but I just got an email tonight that said the irs had accepted my federal return. Are they accepting returns already, or is that email probably a mistake and/or unrelated? Any ideas?
-22
1.9yr
Why is it that the more I earn, the higher percentage of federal withholdings they take?
One paycheck I earned only $77 and the govt withheld 9% of it. ... read full post
9
1.9yr
If I'm legal resident of a state with no state income tax, but work a W-4 job in a different state that has a very high state income tax...
... is it normal/legal for the state I work in to withhold state income tax from my paychecks?
132
1.9yr
Americans can no longer afford their cars
https://www.newsweek.com/americans-can-no-longer-afford-their-cars-185992966
1.9yr
The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024
https://finance.yahoo.com/news/old-american-dream-died-realtor-100050605.htmlcross-posted from: https://lemmy.ml/post/10623652
TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.
-7
1.9yr
should the US consider a currency redenomination?
Prices of things are becoming absolutely insane. $800+ rent, $30,000 cars, $10 sub sandwiches, etc. It would be nice to do a 3/1 split and cut everything by 2/3. Then we would have $266 rent, $10,000 cars, and $3.33 sub sandwiches. Wages, debts, everything would drop to 1/3 what they are now. It would also make coins useful again since a vending machine soda would be 2 quarters again.
6
1.9yr
US Securities Act of 1933, [US] Person living in [CH]
I just came here to say fuck the US Securities Act of 1933. ... read full post
34
1.9yr
12% 401(k) Contribution - What to do? [USA]
Hi everyone, I recently landed a new job where the base 401(k) contribution for all FTEs is 12% of your salary. This is regardless of your contribution, with no additional match. I realize that this is unusual for most people and it is for me as well. In my last job, I got up to a 6% match so I maxed that out and didn't think on it any further. ... read full post
26
1.9yr
IRA lump sum? USA
I’ve read that if you have the money up front, investing it as a lump sum on January 1st will produce higher returns more often that investing on a monthly/weekly basis. Is there more to consider in 2024 with our current high interest rates?
3
1.9yr
What Happens To The Real Estate Market When All The Boomers... Die?
https://www.youtube.com/watch?v=U12TK2Sa5HQcross-posted from: https://hexbear.net/post/1519974
I'll probably be keeping this video in mind the next time I'm trying to get a new home haha
10
1.9yr
Baby boomers did one big thing we should all be grateful for
https://finance.yahoo.com/news/gen-z-millennials-thanking-boomers-102202455.htmlTL:DR author's positing that despite the public narrative we (gen x and millenials) are mostly better off (especially financially) than prior generations and at least partly due to actions from boomers.
Thought this was an interesting read. I don't agree with all of the author's points but figured it would generate good discussion here.