Fatwallet.com Finance Our Mission - Serve consumers with knowledge, value and guidance. http://www.fatwallet.comhttp://www.fatwallet.com/rss_tv.php?c=52FatWallet.comhttp://www.fatwallet.com <![CDATA[PLease HELP! I forgot to report my stock info ]]> http://www.fatwallet.com/forums/finance/1450118/ Rating: 0 Posted By: dominique90
Views: 151 Replies: 5

Ok, so I am completely new to stocks. I first sold stock in November of 2014. I failed to include it in my 2014 tax return. My gain/loss is only $88 and I don't know how to go about this matter. I know i have to file an amended return. However I dont know which form to file. Is it the standard 1040x? i looked over the form and nowhere does it discuss stocks, bonds, dividends etc. Mind you I'm only 19 and I'm completely lost here.

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http://www.fatwallet.com/forums/finance/1450118/ Thu, 02 Jul 2015 20:29:20 -0500
<![CDATA[recurring deposits?]]> http://www.fatwallet.com/forums/finance/1450116/ Rating: 0 Posted By: janoviquez
Views: 100 Replies: 2

Hi Guys,
I would like to make recurring deposits into my Citizens bank account in order to keep Citizens from charging me $10 a month to keep my accounts. Do you know of any internet service that does that? The amount does not matter, as long as the service is free or very cheap.

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http://www.fatwallet.com/forums/finance/1450116/ Thu, 02 Jul 2015 20:14:46 -0500
<![CDATA[Legal structure of rental property with friends ]]> http://www.fatwallet.com/forums/finance/1450104/ Rating: 0 Posted By: ssamhock
Views: 190 Replies: 2

=15pxI have researched and found an investment in a rental property costing $500K. I have two friends who want to join me in the venture and will contribute $35k, and $30K and I will put in $60K ($325K mortgage). What is the best way to structure this arrangement to take advantage of the tax benefits of a TIC (depreciation & interestdeductibility), and create anarrangement where I would get 20% of the rental income over a 10% return in addition to 20% of the sales income (when the property is sold) with out taking on the liability and negative tax consequences of forming an LLC and being a GP that LLC. What is a good way to distribute the mortgage obligations in this situation?

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http://www.fatwallet.com/forums/finance/1450104/ Thu, 02 Jul 2015 18:33:07 -0500
<![CDATA[Geico Glass Damage]]> http://www.fatwallet.com/forums/finance/1450092/ Rating: 0 Posted By: krassyg
Views: 293 Replies: 3

Somehow I got a small crack on the bottom of my windshield; I am not sure if it happened in motion or while parked. Does it matter when filing for a glass damage with Geico? Would it affect my premiums?

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http://www.fatwallet.com/forums/finance/1450092/ Thu, 02 Jul 2015 16:19:19 -0500
<![CDATA[My wife's sister has been using her SSN to apply for credit! What steps do we need to take to fix this?]]> http://www.fatwallet.com/forums/finance/1450075/ Rating: -1 Posted By: sonystylezz
Views: 849 Replies: 28

My wife gave her permission that I was not aware of until recently. But that's another story, so let's just focus on how to fix this situation on this thread if we can:Facts:1. Wife sister has applied for 10+ credit cards for the last 2+ years, using my wfie's SSN and Name.2. She used her own employement information and salary (Not my wife's)3. She also used her own address. (Not my wife's address)4. Transunion/Equifax/Experian has my wife's sister's current address listed as current address on file and NOT ours.5.Transunion/Equifax/Experian has my wife's sister's employement information on file.What steps do we need to take to fix this?1. Currently we are going to contact Trans/EQ/EXP to update to our addresss.2. We are also going to ask for all of my wife's credit cards back3. We are going to update all credit card information back to my wife (Chase/Citi/CapitalOne, etc)What other steps do we need to take to fix this situation?How do we update the credit reports to show my wife's employment instead of my wife's sister?Anything else we need to do?Would really appreciate any help/feedback. Many Thanks

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http://www.fatwallet.com/forums/finance/1450075/ Thu, 02 Jul 2015 13:52:54 -0500
<![CDATA[Live in paradise tax free from passive income or business tax @ 4% ]]> http://www.fatwallet.com/forums/finance/1450074/ Rating: 5 Posted By: LOOPHOLE
Views: 1296 Replies: 28

Peurto Rico has been in the news for it's debt problems and population leaving, however there is a little known program, (outside of the uber wealthy), that is nothing short of amazing. Acts 20 & 22: Act 22, the Individual Investors Act,was designed to primarily attract high net worth investors to Puerto Rico by providing complete tax exceptions on dividends, interest and capital gains, so long as the individual is present for at least 183 days a year (half the year) in Puerto Rico.Act 20, the Export Services Act,offers incentives to certain service businesses, including investment and hedge fund managers, to relocate to Puerto Rico and export their services. It does so by taxing their corporate profits at a flat 4%, while making the dividends paid from profits on exported services 100% tax exempt to individual recipients.

I am seriously considering this as there seems to be virtually no downside because it's like living in the USA for all intensive purposes...

See Forbes article here: http://www.forbes.com/sites/janetnovack/2015/01/27/puerto-rico-e...

Discussion Deals

http://www.fatwallet.com/forums/finance/1450074/ Thu, 02 Jul 2015 13:51:42 -0500
<![CDATA[legitimate reason to break sub-lease?]]> http://www.fatwallet.com/forums/finance/1450062/ Rating: 0 Posted By: IgorYakovenko
Views: 323 Replies: 8


I moved onto campus, subletting room for the summer.

I get there and find out it is a frat house. Was never told this!
(am older student, at my prior campus, I recall the frat houses all had letter on them in the front. When I saw the room a few months ago, did not see that; just thought it was a house set up as 3 flats, with shared back stairs)

Is this a legitimate reason to give to break the sublet next month?
Guy has a security deposit, but I really cant live there. Havent spoken to him yet; but my biggest issue is me leaving next month, and this getting reported on my credit report.

Can I just pack my bags, or what documentation, etc should I get to get out of there cleanly? Lease doesnt mention a fraternity either.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1450062/ Thu, 02 Jul 2015 13:04:57 -0500
<![CDATA[Formed LLC to buy rental properties. Need some help!]]> http://www.fatwallet.com/forums/finance/1450053/ Rating: 1 Posted By: angelorenardo
Views: 1022 Replies: 16

I formed an LLC with a partner on June 1st, 2015. The goal is to use the LLC to buy rental properties. We opened a business checking account and claimed or vehicles, computers, cell phones etc as assets worth 20k. When spesking to a loan officer, she said that we could not purchase a 2 unit building for 65k because the LLC does not have a 2 year tax history. How can I create a tax history if we can't buy anything. We have enough cash on hand to cover about 50% of the building. I want to build the credit of the LLC. I need some help figuring out how we can get this building through the LLC.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1450053/ Thu, 02 Jul 2015 11:42:57 -0500
<![CDATA[Tracfone FCC settlement may mean $$$ for folx who buy a lot of Tracfones....]]> http://www.fatwallet.com/forums/finance/1450026/ Rating: 4 Posted By: kenblakely
Views: 919 Replies: 4

Just saw this on Slashdot: TracFone Finally Agrees To Allow Phone Unlocking

...which led to this story:FCC tells TracFone it must allow phone unlocking

...with the quote: "Under the settlement, up to 8 million TracFone customers are eligible to receive a new unlocked handset, credit for a handset upgrade, or a partial cash refund in exchange for their locked handset."

...and "Under the settlement, TracFone must provide customers with its handset unlocking policy by Sept. 1. On that day, TracFone customers who dont receive Lifeline subsidies can trade in their old devices for a cash refund."

Start digging out all those handsets you've accumulated from various deals!

Discussion Deals

http://www.fatwallet.com/forums/finance/1450026/ Thu, 02 Jul 2015 08:09:03 -0500
<![CDATA[Take pension from former employer and pay penalty before age 55]]> http://www.fatwallet.com/forums/finance/1450025/ Rating: 0 Posted By: pkmelancon1
Views: 390 Replies: 2

Is there a way to take my pension from a former employer before age 55 and just pay the taxes and penalties? Is it up to the employer or myself or the government? The money would be more useful now to get finances in order and pay down debt.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1450025/ Thu, 02 Jul 2015 08:04:39 -0500
<![CDATA[Why people don't trust manufactured spenders]]> http://www.fatwallet.com/forums/finance/1450011/ Rating: -7 Posted By: Neidman
Views: 1022 Replies: 14

From the article:

woman is charged with purchasing $5,000 worth of gift cards from the Home Depot retail store on Bridge Street in DeWitt using a credit card with a stolen account number on it


Discussion Deals

http://www.fatwallet.com/forums/finance/1450011/ Thu, 02 Jul 2015 06:06:42 -0500
<![CDATA[Student loan money missing]]> http://www.fatwallet.com/forums/finance/1449992/ Rating: 1 Posted By: 7890
Views: 862 Replies: 17

In 2013 I paid off my student loans. One of those payments was for $13,000. In February 2015I received notice from the loan servicing company that the bank had pulled the money back. I wasn't sure how that was even possible nearly 2 years after a payment cleared. I checked my bank account and no money was there.I spoke to the loan company multiple times however they would not give me the bank account information for the account the money went "back" into, due to it being a privacy issue. I called up the bank and went into the branch but without more information they had no way to look up the transaction.

After about a month of getting nowhere I turned to the federal loans ombudsman's office. Ive spent the last two months dealing with them, but again getting absolutely nowhere. They haven't even gotten me more information as to what happened. They work as a typical government office would. Lots of red tape and no results.

Meanwhile the loan company charged me retroactive interest (!) and it continues to accrue.

At this point I believe that I need an attorney but not even sure what type to approach and I also do not want to have to pay them a chunk of this money when I get it back. Has anyone ever heard of such a thing. Any advice is appreciated.

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http://www.fatwallet.com/forums/finance/1449992/ Thu, 02 Jul 2015 02:08:53 -0500
<![CDATA[Closing Credit Card after Promotion 0% APR offer]]> http://www.fatwallet.com/forums/finance/1449987/ Rating: 0 Posted By: rsudhakar
Views: 447 Replies: 3

Hi I have 3 credit cards in my wallet currently.

1. Citi Double Cash - 6 Years Old.
2. Chase Freedom - 4 years old.
3. BankAmericard Cash Rewards - 1.5 year old.

I usually don't carry more that 20 % balance on all the three cards individually . I usually carry balance less that 20% on all the cards individually and cumulatively.

I would like to know if it is a good idea to close the 1.5 year old bank of BankAmericard Cash Rewards Credit Card. As i am done with 0 % APR with this card. I would like to pay of the all the due amount to BOA and close the credit card . Once i close the BankAmericard Cash Rewards Card, i would like to wait for 3 months and then apply for new BankAmericard Cash Rewards Credit Card with Fresh Application.

I do understand that closing a credit card will decrease my available credit limit . Is this a good idea to do this.
What i would like to accomplish is , i would like to make use of 0% APR over and over.

i do understand that my new credit application will be based on my credit score and credit usage and other factors.

Please throw some light

Credit Deals

http://www.fatwallet.com/forums/finance/1449987/ Thu, 02 Jul 2015 00:59:21 -0500
<![CDATA[Adding myself to anothers mortgage]]> http://www.fatwallet.com/forums/finance/1449984/ Rating: 1 Posted By: aares
Views: 536 Replies: 7

My fiance and I are moving into a house, which is being sold from her dad to my her. I wanted to put the mortgage in my name because for one, Id like to have a mortgage on my credit report and because she doesnt even want to have it in her name but her dad wanted to keep the house "in his family's name" so she has to get the mortgage. We are going to be splitting the mortgage (I will be giving her cash to pay half of it).

Is there a way I can be added on the mortgage after she gets the house in her name?

Thank you.

Real Estate Deals

http://www.fatwallet.com/forums/finance/1449984/ Thu, 02 Jul 2015 00:12:25 -0500
<![CDATA[$50 bonus for signing up for Fidelity AMEX (2% Cash Back)]]> http://www.fatwallet.com/forums/finance/1449930/ Rating: 10 Posted By: billrubin
Views: 1432 Replies: 12

My wife just got an email from Fidelity offering a $50 signup bonus if you sign up for the Fidelity Investment Rewards American Express Card (issued by FIA). To get the bonus, you need make at least $500 in purchases within the first 60 days. I know this isn't a spectacular signup bonus, but this is a great card, a true 2% back on everything and I don't recall seeing a bonus in the past. Downside is you need to have a Fidelity brokerage account, but that is free with no minimum balance, I believe. Here's the link:


Credit Deals

http://www.fatwallet.com/forums/finance/1449930/ Wed, 01 Jul 2015 15:47:18 -0500
<![CDATA[Parts company doesn't respond to warranty return, can I chargeback?]]> http://www.fatwallet.com/forums/finance/1449928/ Rating: 0 Posted By: atikovi
Views: 1014 Replies: 20

I bought a steering rack for $120 + $130 core with free shipping last November from Partsgeek.com and now it wont pass state inspection because it's leaking. Their website has no phone number to call, just an online "support ticket" to fill out and they will respond in 1-2 days. Been over 2 days and no response. Can I do a charge back for the $250 after 8 months?

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1449928/ Wed, 01 Jul 2015 15:45:46 -0500
<![CDATA[Personal Injury Questions]]> http://www.fatwallet.com/forums/finance/1449909/ Rating: -2 Posted By: TheFinanceGuy
Views: 800 Replies: 19

Hi guys,

I was a pedestrian hit by a vehicle recently. The car was probably going 20 mph, and I was thrown to the grown about ~10 ft from point of impact. I was in a designated crosswalk with the green walk signaled.

I hired a personal injury attorney because I've never been hit by a car before. There were no fractures after x-rays, but I did have several mri scans which revealed slipped discs, torn ligaments, cysts, some rotary cuff damage, etc.

Already my total bills are about $13,000 (ambulance ride, emergency room, meds, x-rays, MRI scans, etc). Also, the doctor consulted with radiologists and has said that I will need 2 surgeries to fix the more serious injuries, and has sent a quote of about $80,000 to $90,000 for the procedure(s).

This whole thing is becoming a nightmare for me to be honest as medical bills are racking up and I'm still in considerable pain. How would settlement work in this case in which the driver was 100% responsible (clear day and sunny, etc)? Also:

-If his insurance is good, what would my possible settlement be?
-What if he has bad insurance, am I screwed and responsible for all these bills?

I have no idea how it all works. Thank you.

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1449909/ Wed, 01 Jul 2015 13:26:52 -0500
<![CDATA[Conflict with Board of Dir Matching Donation Tactic]]> http://www.fatwallet.com/forums/finance/1449891/ Rating: 0 Posted By: PerkGetter
Views: 1244 Replies: 42

I'll try not to make this a long post.

I'm a volunteerTreasureron the Board of Director's for a non-profit. I am also their volunteer Bookkeeper. I am concerned about the way they are obtaining a matching donation which I believe is under false pretenses. Here's the scenario:

A member of the Board of Dirtook their own personal money in a large amount and gave it to a friend. This friend works for a large corporation that features a matching donation program for its employees. The friend made a donation to the organization with that money. The friend then showed the large corporation the receipt, and now the large corporation is expected to match the donation to the organization. When this match takes place, the Board of Dir member will then take their personal money back from the organization's bank account. The organization will thus benefit from the matching donation from the corporation but not the original contribution.

Being the Treasurer and just finding out about this, I started to explain to the organization the many things that could go wrong with this scenario, including tax liabilities on the Board member, personal liabilities of the Board and the organization, etc... Their response was "Don't worry, we have Board Insurance." That response does not assure me,

So to keep the post short, I'm simply going to resign stating a conflict of interest. This resignation is happening before that "matching donation" from the corporation will be received as well as the "reimbursement" from the non-profit bank account to the Board member. I'm worried mostly about my own liability knowing what their intent is. I'm hoping that be resigning before any of this happens, I won't be liable if they do in fact go through with this tactic and get caught.

Any thoughts?

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1449891/ Wed, 01 Jul 2015 11:17:07 -0500
<![CDATA[Young poster- new job/loans/personal finance]]> http://www.fatwallet.com/forums/finance/1449886/ Rating: 0 Posted By: 2015Illini
Views: 933 Replies: 17

First, thank you for reading this. I will try to be as concise as possible while giving all the important facts. I am about to start my second job in a big city. No car- walk to work. Live with a roommate. I try to live very cost conscious and keep my need expenses low. Have listed the information I think is important below and then a few questions for anyone willing to give their input---it is very much appreciated.

New Salary: $115,000.00 with a $50,000.00 bonus that is very achievable. Job is stable for the development period (2 years) but is then very dependent on my progress thereafter. Could really be a great position- or it could be 2-3 years and out.

Age: 27
Emergency Fund: $5,000.00
Roth IRA: $14,500.00
401(k): $10,500.00
HSA: $4,800.00
Taxable brokerage account: $2,000.00

Student Loans:All Federal Loans. $65,000.00 total. $50,000.00 at 6.9%. $15,000.00 at 7.9%. The interest is insane. Loans were all from graduate school. I worked throughout undergrad and grad school to minimize as best as I could.

New job offers a 401k plan with a 5% match (starts after 1 year). And a 2% match of salary regardless of whether or not I contribute.


1. I want to pay down my debt as quickly as possible.

2. I want to buy a condo as rent prices are becoming insane when compared to home values in the city. Renting a 2 bedroom in an area I can walk to work is $3,000.00-$3,300.00. Buying the equivalent condo is under $400,000.00. Some of the tax savings for the right place would be very worth it. I also have family who are contractors (I could buy a place that needs work and renovate on a really favorable budget.)

Question: Your thoughts/advice/ideas on how to handle my situation and whether I am missing anything or need to think of other considerations would be so very appreciated. Thank you!

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1449886/ Wed, 01 Jul 2015 10:57:36 -0500
<![CDATA[Financial Impacts of Gay Marriage]]> http://www.fatwallet.com/forums/finance/1449872/ Rating: 10 Posted By: mwa423
Views: 2710 Replies: 85

We don't really keeps the moderators busy enough around here, so I thought I would erect a nice long metal rod in a lightning storm. Should be fun!

Now that gay marriage is legal in all 50 states, how do we profit and what are the financial risks to different parts of the population?

1. We're already seeing employers who tried to be inclusive and offer "domestic partner benefits" start to cancel them and simply require employees be married. It'll be interesting to see the results of this...
2. Let's say you're a member of the leadership of a religious organization (church, mosque, temple, whatever) which believes gay marriage is wrong. While the supreme court decision did make a broad overture to the fact that religious institutions won't be forced to marry those whose relationships they don't approve of, I'll bet my next year's salary we'll see a lawsuit against a religious institution in the next year. The financial question: If you're a deacon/elder/etc. should you take this as a sign from above to look into a D&O policy (directors and officers) if you don't have one already in place?
3. Is there any publicly traded divorce law firms? Huge new market opportunity!

Discussion Deals

http://www.fatwallet.com/forums/finance/1449872/ Wed, 01 Jul 2015 09:42:28 -0500
<![CDATA[Credit card recommendations ]]> http://www.fatwallet.com/forums/finance/1449814/ Rating: 0 Posted By: FWFAltID9009
Views: 783 Replies: 3

Can the FWF experts help me choose some rewards cc's ?

FICO: 740

Current cards: Citi CashReturns since Mid 90's and BOA Cash Rewards since 2005. Does not carry any balance on either one.

Will be traveling quite a bit for business for the next one year, about two/three weeks per month. Air fare is handled by company's travel co directly but rest of the expenses are to be charged on my cc for reimbursements. Typical hotel/taxi/meals per month will be about $3k/mo. Will be flying mostly on United, sometimes Delta. Currently does not have any type of status with UAL Mileage+ or Delta SkyMiles. Hotels will be Hyatt, Marriott or Hilton properties.

Can you guys recommend a few rewards cards? Looking to quickly gain status with UAL Mileage+ as well as taking advantage of the cash signup offers.

Caveat, I'm planning to refi my existing 4% mortgage in the next 30 days (can't do it sooner for whatever reasons) so what kind of impact would the new CC inq's have on the FICO ? Should I refi first and worry about signing up for new CC's ? Current balance is $175k (prop value $400k).

Thanks a bunch.

New User Question Deals

http://www.fatwallet.com/forums/finance/1449814/ Tue, 30 Jun 2015 22:04:06 -0500
<![CDATA[Divorce, for fun and profit]]> http://www.fatwallet.com/forums/finance/1449800/ Rating: 0 Posted By: goku2
Views: 1854 Replies: 22

Currently the lifetime gift tax exemption is around $11 million dollars per couple per beneficiary. The question I had is if this couple divorces, splits their assets in half then both of them remarry on their own, are they able to then gift again to the same beneficiaries, effectively increasing the total contribution per beneficiary from $11 million to $22 million dollars?

Discussion Deals

http://www.fatwallet.com/forums/finance/1449800/ Tue, 30 Jun 2015 19:54:38 -0500
<![CDATA[AAT (Another Accident Thread) - post accident, pre inspection]]> http://www.fatwallet.com/forums/finance/1449790/ Rating: 0 Posted By: highstatuspol
Views: 956 Replies: 14

My sister bought a new (used) car, got insurance, scheduled an insurance inspection, and then got into an accident - she admitted fault.

Never heard of this kind of situation before, not sure how it will play out and wondering if there's any special way she should approach her insurance company?

Other party: $1500 damage
Her car: $1000 damage

I figure, worse case, her ins company pays the $1500 claim, gets $500 from sis, and denies her $1000 damage. Although it would stand to reason that if both parties agree on what happened and who is at fault, etc. that the damage to her car is without question from the accident, and could/should be covered. Any guesses on the outcome of this kind of situation? Is an insurance inspection only for 'hit and run' type damage, where fraud could obviously be instigated by buying a wrecked car and getting it insured.

Thanks for any musings.

Question Deals

http://www.fatwallet.com/forums/finance/1449790/ Tue, 30 Jun 2015 18:27:48 -0500
<![CDATA[Financial consideration of going to see doc about mental health ]]> http://www.fatwallet.com/forums/finance/1449769/ Rating: 10 Posted By: newnorley
Views: 1857 Replies: 29

Someone close to me died a few months back... you don't need the details. Thinking about it lots is disrupting my life and possibly making me depressed. I figure the best thing to do is go and talk to an expert and see what they suggest. However I am concerned that going to an expert and having this on my record could screw me financially down the road - higher life insurance, maybe ruled out of jobs, higher health insurance etc. is this a legitimate concern. I could pay cash to see an expert once or twice but from my background reading it seems like this is normally something which takes time and so I would like to get my insurance company to pay,

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1449769/ Tue, 30 Jun 2015 15:19:37 -0500
<![CDATA[PenFed realty]]> http://www.fatwallet.com/forums/finance/1449763/ Rating: 2 Posted By: nakkal
Views: 889 Replies: 3

Does anyone have experience in buying a home through PenFed realty? It looks like all current offers/promotions for PenFed mortgages are only available if the home is brought through PenFed realty. It looks like they work through Berkshire Hathawayin Alabama.

Also, I have been reading that PenFed has been very slow in processing their mortgages right now, are there any other options that have similar interest rates (other than NFCU)?

Real Estate Deals

http://www.fatwallet.com/forums/finance/1449763/ Tue, 30 Jun 2015 14:07:29 -0500
<![CDATA[Life Insurance and Real Estate help]]> http://www.fatwallet.com/forums/finance/1449703/ Rating: 0 Posted By: teacherca
Views: 1046 Replies: 18

My mother and I live a comfortable life with my part time teaching job and her teachers retirement. She lapsed in her life insurance payments about 5 years ago, then she was hospitalized for depression and she has since been unable to get a life insurance policy even those ripoffs ones on tv that pay funeral expenses due to a secret credit/ pharma check the financial people do on you when you apply for term life.

Is there someway to get life insurance on her as my salary is much less than hers and the costs of living is high in Los Angeles and being a homeowner with a mortgage. And as you know insurance is for that "just in case" need.

Now my second question is the home we own I am on the deed but not the mortgage, I tried adding myself to the mortgage but was denied the assumption. If something happens to her do I just not tell the bank and keep paying the payments to stay in my home?

Moral of the story, keep up with life insurance payments, if you have any medical problems or mental health problems keep them under your hat as you may be denied needed insurance or benefit eligibility. Don't deal with Wells Fargo as they are so stupid with red tape as to not let me assume the mortgage by adding my name to the loan, isn't it better for two working people to be in a loan that just one.

Insurance Deals

http://www.fatwallet.com/forums/finance/1449703/ Tue, 30 Jun 2015 07:15:29 -0500
<![CDATA[Protect stock]]> http://www.fatwallet.com/forums/finance/1449669/ Rating: 0 Posted By: Carterman32
Views: 1273 Replies: 15

I have 100 shares of stock xyZ that I want to get rid of.

The stock is at 125, and I want all 100 shares to sell if it drops below 123. Conversely, if the stock goes above 127, I also want the stock to sell and I'll take my profits.

Using fidelity, I can only select either a stop loss at 123 or a sell limit order at 127. I can't do both.

What would be the proper way to execute this strategy?

Investing Deals

http://www.fatwallet.com/forums/finance/1449669/ Tue, 30 Jun 2015 01:10:16 -0500
<![CDATA["Bejewelled bidets going cheap: London mansion's contents in public auction" (online auction too)]]> http://www.fatwallet.com/forums/finance/1449661/ Rating: 5 Posted By: NantucketSunrise
Views: 1497 Replies: 6

This isn't my sort of decorative style, but I read this article and thought about FWF for somereason (probably the phrase in the article"billionaire chic", ha)--
so I'm just passing this information along, sincemany of the expensiveitems for saleare apparently expected to go pretty cheap,and will be offered in an online auction that presumably can be participated in from around the world.

If this is more of a Deal Discussion topic, mods please move as you wish.

Bejewelled bidets going cheap: London mansion's contents in public auction

Secretive owners of unsold 45-bedroom residence overlooking Hyde Park to sell items of billionaire chic with no guide prices attached

It is the most expensive property ever marketed in Britain, a vast, 45-bedroom mansion overlooking Hyde Park that was formerly home to a Lebanese prime minister and a Saudi prince.

But, three years after it emerged that 2-8a Rutland Gate was being discreetly marketed to select multi-billionaires for a mere 300m,the property remains unsold.

Now, the Guardian has learned, its owners are preparing to sell the propertys entire contents from ornate chandeliers to jewel-encrusted bidets to curtains, doors and even gold-plated waste-paper bins by public auction,in a knock-down fire sale at which no low offer is too insulting.

No guide prices have been attached to the 1,252 lots on offer because they are there to sell, according to Mark Flynn of auctioneers ProAuction Ltd, who will conduct the sale online and at a luxury Knightsbridge hotel over two days in July. Why put prices in peoples minds? The market is the market, and for this particular sale, everything has to be sold.

That means even those with rather shallower pockets will be able to pick up a little billionaire chic at prices a fraction of their retail value, from Murano glass chandeliers,to Lalique crystal perfume bottles,to the 24 marble bathrooms decorated with such semiprecious stones as malachite and amethyst together with precious metals such as bronze, gold and silver.

A lot of four 24-carat gold-plated wastepaper bins,for example, which cost 420 each, Flynn estimates could sell for as little as 10 to 15 the lot.

Similarly, he suggests that the sumptuous bathrooms from luxury manufacturer Baldi,in which a bathtub alone would have cost tens of thousands of pounds, could auction in their entirety for just a few hundred pounds.

The seven-storey property, which was built as four grand family homes before being knocked into one enormous residence, was formerly the London home of Rafik Hariri,the billionaire tycoon who was twice Lebanese prime minister before his assassination in 2005 in a Beiruit car bomb. Following his death, the house was reportedly made over to his close associate Sultan bin Abdulaziz,the crown prince of Saudi Arabia, who himself died in 2011.

...The decision to sell off the contents could just be a tidying up operation, he said. Sometimes people think: Well, we have the contents, we might as well sell those now. Some people say, Lets get a bit of money out now.

But, while 2-8a Rutland Gate, personally decorated before his death by the exclusive interior designer Alberto Pinto,has evidently cost many millions to furnish, Flynns ambitions are considerably more modest for what he will expect in return: We would be disappointed if we didnt achieve 450,000 in total.

Wasnt there at least a premium attached to objects that had once stood in Britains most expensive house? At the end of the day, my perspective is that this is second-hand furniture, albeit very luxurious furniture, and where it comes from is neither here nor there.


Real Estate Deals

http://www.fatwallet.com/forums/finance/1449661/ Mon, 29 Jun 2015 23:45:30 -0500
<![CDATA[Is tweeting security (stock/bond) information in violation of licensing agreements?]]> http://www.fatwallet.com/forums/finance/1449652/ Rating: 1 Posted By: bbrite
Views: 1202 Replies: 12

I was told by the Director of Communications of a security trading firm that publicly tweeting information regarding a security (stock/bond) such as Name (of the security), Symbol/CUSIP, Price, Quantity (shares available for trade), Yield, Ratings, Maturity, etc. would be in violation of licensing agreements! Is this correct?

Question Deals

http://www.fatwallet.com/forums/finance/1449652/ Mon, 29 Jun 2015 22:33:54 -0500
<![CDATA[FREE Checking at US Bank, $125 bonus for personal checking]]> http://www.fatwallet.com/forums/finance/1449634/ Rating: 3 Posted By: FWjunkie2
Views: 1738 Replies: 13

US BANK changed their bonus. Now $125, but looks like must have EASY Checking: $1500 balance or direct deposit of >$1000; or GOLD Checking: have US BANK credit card AND either direct deposit >$500, or two online bill pays, no minimum balance (maybe $100).

You then get the personal checking $125 bonus, no monthly fee, etc.

This bank is open seven days a week!! M-F until 7pm!

That is very convenient !!

Deal Deals

http://www.fatwallet.com/forums/finance/1449634/ Mon, 29 Jun 2015 20:36:38 -0500
<![CDATA[Exempt employee (overtime) comp threshold rising to $50k]]> http://www.fatwallet.com/forums/finance/1449621/ Rating: 8 Posted By: tuphat
Views: 2009 Replies: 28

From Politico --

President Barack Obama will this week release a long-awaited overtime rule aimed at raising wages for 5 million people as soon as 2016, according to sources familiar with the plans.

The proposed rule will more than double the salary level under which virtually all workers qualify for overtime pay whenever they work more than 40 hours in any given week. That threshold, now $23,660, will rise to $50,440.

The regulation would be the most sweeping policy undertaken by the president to assist the middle class, and it would constitute the most ambitious intervention in the wage economy in at least a decade.

Obama will announce the proposed regulation formally on Thursday during a trip to La Crosse, Wisconsin, but details will begin to be released by the White House on Tuesday.

Discussion Deals

http://www.fatwallet.com/forums/finance/1449621/ Mon, 29 Jun 2015 18:55:51 -0500
<![CDATA[Offeerd a New Job but have t move overseas. Need Help with Finance issues]]> http://www.fatwallet.com/forums/finance/1449616/ Rating: 0 Posted By: haramkhor
Views: 1343 Replies: 16

Have been offered long term New Job overseas. So have some finance issues:

1. Should I sell House or Rent The House Out. No personal preference.

2. If I Sell the House then how to keep a residence address (which State would be best) for tax and mail purposes ? Do I have to rest a physical residence just a PO Box ?

Hope some of you can help with this matters. Already search fatwallet for this type of threads but found none.

Question Deals

http://www.fatwallet.com/forums/finance/1449616/ Mon, 29 Jun 2015 17:41:03 -0500
<![CDATA[Debt Collectors Calling for Someone Else's Debt, Gets Resold Time and Again]]> http://www.fatwallet.com/forums/finance/1449597/ Rating: 0 Posted By: Kevo171
Views: 1209 Replies: 14

I've been receiving phone calls for about 3 years for a debt in someone else's name. Somehow my mobile phone number, which I've had for 10+ years, is associated with deadbeat's account. My credit reports are clean and frozen, so it seems to be a data issue.

The debt collectors that call always remove my number from the account when I request them to. The issue is that a couple weeks or a month later the debt gets resold to some other collection agency and I end up on a daily autodialer all over again.

Is there anything I can do to get the account permanently deleted or my number not associated with it? Are the debt collectors in violation of the Fair Debt Collection Practices Act by reselling bad data that results in me getting called time and time again?

Question Deals

http://www.fatwallet.com/forums/finance/1449597/ Mon, 29 Jun 2015 16:19:19 -0500
<![CDATA[BoA Class Action Checks are in the mail!]]> http://www.fatwallet.com/forums/finance/1449595/ Rating: 4 Posted By: RS4Rings
Views: 1711 Replies: 15

We had this threadhttp://www.fatwallet.com/forums/arcmessageview.php?catid=52&threadid=1247548a couple year ago and the link in it says checks should start going out End of June 2015, got one today and was pretty happy it was for $356.61, then when I read the whole letter I think it's saying this is just my first installment of a total of $2,649 I will be getting? I don't get the legal mumbo Jumbo

Discussion Deals

http://www.fatwallet.com/forums/finance/1449595/ Mon, 29 Jun 2015 16:07:48 -0500
<![CDATA[Hit & Run -- Car totaled, what are my options]]> http://www.fatwallet.com/forums/finance/1449582/ Rating: 0 Posted By: lilstudfromNYC
Views: 1158 Replies: 10

Last Sunday, we were returning from a vacation late at night (around 12:30am). A car came from behind, hit us on the back and side (right side) and fled away. Thankfully no one was injured in our car. We called 911 and they said to wait at the scene and police would arrive. We waited for 45 minutes but no signs of police. I called Geico and they said that even if the police arrives, they won't give you a report since it was a hit and run. So we decided to drive ahead.

Monday, the adjustor came and declared the car a total loss, although it doesn't look like that.

Here's what I'm getting, per the adjustor:

Car's value: $7712
- Condition: $523
+ Tax: $456
-Deductible: $1000

If I decide to keep the car, they will cut $700 for salvage and give me $5946

my car is a 2005 Honda Civic LX with 62000 miles.

What should I do to maximize my payout?

Thanks in advance for your wisdom

Personal Finance Deals

http://www.fatwallet.com/forums/finance/1449582/ Mon, 29 Jun 2015 15:04:43 -0500
<![CDATA[Real Estate Question: Is buying half a house possible?]]> http://www.fatwallet.com/forums/finance/1449546/ Rating: -1 Posted By: PatioFurniture
Views: 1692 Replies: 34


I've been renting forever and have two roommates. One of which is ready to buy a house but all of us like living cheap so we were considering buying one house to live in, then another a bit later to rent out. We both wanted to own half of both houses and then eventually get more rentals and form an LLC, etc. We live in Illinois.

Is this possible? Im seeing an attorney tomorrow about it but didnt want to go in knowing nothing. Let me know if you need more info.

Thanks for your time!

Real Estate Deals

http://www.fatwallet.com/forums/finance/1449546/ Mon, 29 Jun 2015 10:49:31 -0500
<![CDATA[Penfed CD penalties]]> http://www.fatwallet.com/forums/finance/1449523/ Rating: 2 Posted By: RussianInNYC
Views: 1066 Replies: 4

I think PenFed has changed penalties on their CDs to 30% of the interest from the 6mo/1 year structure. I hope the change was not retroactive - but cannot get a straight answer they seem to be unable to find penalties for the actual CDs. I hope it is handled correctly but do not want to find out the wrong way. Anyone tried to do an early CD termination recently?

Discussion Deals

http://www.fatwallet.com/forums/finance/1449523/ Mon, 29 Jun 2015 08:57:58 -0500
<![CDATA[Would you keep over the $250K max FDIC insured amount in a 1.25% account?]]> http://www.fatwallet.com/forums/finance/1449515/ Rating: -2 Posted By: atikovi
Views: 1184 Replies: 15

Any greater risk than say keeping money in a mutual fund? I'm not talking millions but just a few $10s of thousands over the FDIC limit in this A plus rated bank https://www.depositaccounts.com/banks/palladian-private-bank.html#health And no need for a lecture on inflation and how the money is eroding away.

General Economics Deals

http://www.fatwallet.com/forums/finance/1449515/ Mon, 29 Jun 2015 08:35:39 -0500
<![CDATA[Contributing to 401k versus paying down debt]]> http://www.fatwallet.com/forums/finance/1449471/ Rating: 4 Posted By: topic
Views: 2050 Replies: 37

My current employer has 6% matching on the company 401k plan. I'm 29 and late on the start early on retirement investing front. Right now I have about ~20k in 0% CC debt which will start collecting interested at the end of the year. My credit is excellent so I can just roll it onto another 0% or near 0%.I'll be done paying back my school next month, and will start tackling that.

Would like opinions of paying off the CC completely before contributing to the 401k or do both at the same time.

Investing Deals

http://www.fatwallet.com/forums/finance/1449471/ Mon, 29 Jun 2015 01:34:03 -0500
<![CDATA[GREECE FINALLY ON THE VERGE OF COLLAPSE, PROFIT?]]> http://www.fatwallet.com/forums/finance/1449465/ Rating: 5 Posted By: LOOPHOLE
Views: 7203 Replies: 119

Well it appears that after years of bailouts Greece is finally going to collapse. After a run on the banks, they will remain closed tomorrow, ATM withdrawals are limited, & the icing on the cake is that refugees are flooding in killing tourism & adding to their problems. so the real question is, how low does the Euro go? I just read about a dozen different articles & the consensus seems to lean towards default, with others predicting yet another short term bailout, but perhaps the most compelling was one of the comments from an "insider" indicating that the conversion process was already underway & even if a last minute bailout comes along they are leaving the Euro.

Discussion Deals

http://www.fatwallet.com/forums/finance/1449465/ Mon, 29 Jun 2015 00:03:51 -0500
<![CDATA[Checking Account & Credit Card Recommendation For New Small Business]]> http://www.fatwallet.com/forums/finance/1449386/ Rating: 0 Posted By: thepinky
Views: 1063 Replies: 6


I've recently started a new business, and I'd like some recommendations for a business checking account and credit card. This is what I'm looking for:

  1. Free/No Fees. As a new business, I don't have any revenue yet (still in the R&D stages), so clearly I need to minimize my expenses; thus, I'm looking for a free checking account and a CC with no monthly or annual fees.
  2. The checking account should allow electronic check deposits, free checks, and free ACH transfers. I don't mind a minimum balance as long as it's reasonable (e.g. <$1000).
  3. This one might be tough: I need to build credit with my new company, but I really want to avoid a personal guaranty, which seems to be the de facto standard except for American Express. The problem is AMEX has pretty high revenue requirements and I have no revenue yet! I'm OK with a low credit limit or even a secured credit card if that's the only way to avoid a personal guaranty. I really want to keep my personal and business finances separate.

FWIW, I currently use Schwab, PenFed, and Alliant FCU for my personal accounts, and I'm happy with their services. Unfortunately, I don't think they have services for small businesses that meet my requirements. I'm in MA, and Rockland Trust looks decent for checking, but I'm not sure if they do ACH for free. I have no idea where to look for a CC. Any help is appreciated!

Discussion Deals

http://www.fatwallet.com/forums/finance/1449386/ Sun, 28 Jun 2015 08:49:25 -0500
<![CDATA[Selecting a tax adviser/accountant]]> http://www.fatwallet.com/forums/finance/1449380/ Rating: 0 Posted By: datatransfer
Views: 992 Replies: 1

Hi everyone.

I have never had a tax accountant (lifetime TurboTax user). Recently I find myself in slightly more complex tax situations and would like to consult a professional (financial investments from a tax perspective long term, as well as April 15 heartburn). How does one go about picking a tax adviser/accountant? The phone book? Recommendations from friends/co-workers whose financial wherewithal I may not trust? The accountant I met at a SCORE seminar? I really have no idea where to start. If there's a reputable online option, I'm game.

Does anyone know of a good concise website that I could become better informed myself (in less time than earning a CPA)? If it's spending Sunday reading irs.gov and still not having confidence I understand the regulations, I'll hire someone instead.


Tax Deals

http://www.fatwallet.com/forums/finance/1449380/ Sun, 28 Jun 2015 07:53:13 -0500
<![CDATA[Fraud with MC GC in New Jersey]]> http://www.fatwallet.com/forums/finance/1449348/ Rating: 3 Posted By: mgupta001
Views: 3275 Replies: 32

In March I bought 6 - $200 MasterCard GC from Staples to take advantage of their $20 gift card promotion. I didn't try to use the cards earlier as i was saving it for my daughter's summer camp fee.
Last week when i tried to use it at the school, none of the cards went through. When i looked up the card transaction online, all of them had few transactions posted and none of them had full amount. They had transactions from online store (lid.com, zappos.com, Amazon marketplace,ticket,etc)
All these cards were registered with some fake name and no address. I called the customer care and reported those 6 cards compromised. They asked me to fax front and back of each card and promised me that i will receive new cards with full amount soon which i did very next day. Surprisingly I noticed first 14 digits were same on all 6 cards.
I called after 2 days to check on replacement card status but they had no information and transferred me to their dispute department. Those people took all my information and told me they will send me a affidavit form in the mail which i have to fax them back . I asked them to fax the form to expedite the process which i never received neither i received the affidavit form in the mail till now.
Today i received 5 replacement cards out of 6 in the mail. While activating the card, i found out it doesn't have the full amounts($200) instead they just transferred remaining balance from my compromised card minus $5.95 replacement fee.
After calling the customer care, they escalated the issue to the program manager ( don't know what that is .. but it looked to me those csr serves multiple issuers ...and they will refer the issue to the specific issuer).
they also asked me to follow up with the dispute department on Monday.
Now my questions are
1. Are there any chances that i may not be able to dispute all fraudulent transactions as some of them may be older than 60 days. i don't know for sure as i can't access compromised card transaction history.
2. How long will it take to my get my full amount back on my card
3. At what point should i report this issue to CFPB
4. anything else should i do to expedite the process.

I will appreciate everybody's response.

Credit Deals

http://www.fatwallet.com/forums/finance/1449348/ Sat, 27 Jun 2015 21:52:30 -0500
<![CDATA[Small Business: require to pay 50% extra for overtime?]]> http://www.fatwallet.com/forums/finance/1449321/ Rating: 0 Posted By: duna
Views: 1620 Replies: 17

Friend is having trouble because dispute about getting only straight 100% of hourly wages even when works over 40 hours per week. Company says that since they are a "Small Company" that Federal law does not apply to them. Any experts as to what is the requirement and how do soime compnaies qualfy to be too small to pay extra $ for over 40 hours overtime?

Question Deals

http://www.fatwallet.com/forums/finance/1449321/ Sat, 27 Jun 2015 16:53:56 -0500
<![CDATA[Worthwhile to Submit IRS Form 14039 Identity Theft Affidavit?]]> http://www.fatwallet.com/forums/finance/1449305/ Rating: 0 Posted By: frugalpete
Views: 1122 Replies: 1

I was notified in the Anthem identity theft so my SSN was possibly compromised. If I submit this IRS Form 14039 Identity Theft Affidavit, how much trouble will I have in the future to efile?

Tax Deals

http://www.fatwallet.com/forums/finance/1449305/ Sat, 27 Jun 2015 12:16:31 -0500
<![CDATA[Landlord & Compensation ]]> http://www.fatwallet.com/forums/finance/1449304/ Rating: -2 Posted By: missluhvlee
Views: 2618 Replies: 81

I know this probably falls more under legal than financial advice, however I'm hoping some can still provide some insight.

A month ago our entire kitchen was flooded because of the refrigerator upstairs. The insurance company compensated us only $500 for unconveinence. However, our entire kitchen had to be rented for a week - no access at all. Now, our landlord is tearing down the kitchen and installing new cabinets due to the water damage and it will take a month to install! Now we have NO access to the kitchen at all. We prepare every single meal and a very health conscious family.

Should we demand more compensation for this? We didn't cause this yet our lives have been so unconveinenced by this it's absurd. Weve been exposed to 100 degree temperature tents, mold & mildew, and inaccessibility to our kitchen.

How much do you think is reasonable to ask for? I think $50 a day for 2 is reasonable, no? We're certainly not going to live on McDonalds and compromise our health because of something we didn't cause...

Question Deals

http://www.fatwallet.com/forums/finance/1449304/ Sat, 27 Jun 2015 12:10:45 -0500
<![CDATA[ Seeking advice - $40K in cash lying around doing nothing.]]> http://www.fatwallet.com/forums/finance/1449286/ Rating: -5 Posted By: onyxfleet
Views: 1920 Replies: 25

Hi All,Age: 31 years. Recently moved out of USA to India. I am living a comfortable life in India (earning the equivalent of 60K USD in India).Now I had made some money in the USA while I was employed. Here is the low-down:80K in 401K (25% bond, 75% in 2050 retirement fund). 50K in cash earning air for interest.Now, I would like to invest 40K out of the 50K (keep 10K in cash) into an investment vehicle that would earn me a respectable ROI (6-8%)? What are my options? I would love to hear some ideas.Thanks in advance.

Discussion Deals

http://www.fatwallet.com/forums/finance/1449286/ Sat, 27 Jun 2015 08:37:57 -0500
<![CDATA[Windows replacment]]> http://www.fatwallet.com/forums/finance/1449277/ Rating: 0 Posted By: samandy
Views: 1906 Replies: 28

Wanted to know thoughts form FWs. I need to replace 6 windows, HomeDepot gave a quote for 4000 with lifetime warranty.
It doubles thrugh BJs but they gave a very fancy Demo. Both came to home and measured.
How reliable is thrugh Angie;s list? I am seeing even better prices.

Thanks in advance!

Question Deals

http://www.fatwallet.com/forums/finance/1449277/ Sat, 27 Jun 2015 06:50:07 -0500
<![CDATA[Cord Blood banking opinions]]> http://www.fatwallet.com/forums/finance/1449266/ Rating: 0 Posted By: CrazyDe
Views: 1542 Replies: 35

Wanted to have an intelligent discussion and hear people's opinions about cord blood banking. I am aware that there are other threads but I was hoping to frame the conversation a little differently and hear people's opinions. Particularly, I think a lot of medical professionals tend to look through a lens of here and now (e.g. what diseases can you treat today, electric cars won't work because you can't take a road trip with one). If we think about storing cord blood like a venture capitalist or a technologist (e.g. what might we be able to treat 10-20 years from now, would electric cars be feasible if there were charging stations everywhere), do people's opinions change?

Things I'm curious about:

1. If our child had a disease like Leukemia, how much would you pay to rid them of that disease?
2. For those who think it's a scam, what future available treatments would change your mind? For example, if you could regrow vital organs, would it be worth it?
3. If future technologies would never save your child's life but had 100% certainty of improving it, would it be worth it to you? Examples here are he would need to wear glasses but now has 20/20 vision or we regenerated the cartilage in his knee so that he can continue to enjoy physical activity without pain.
4. If you could get the same result from a public bank but had to wait in line, would you take your chances on public?

To be completely candid, wife says it's my decision, our OB/GYN recommended against it, but I'm leaning towards it. I wasn't completely satisfied with how he thought about the problem as his thought process centered too much on what you can do with cord blood today while I kind of viewed it through Taleb's barbell framework in Antifragility - our loss is limited to 3-5k over 18 years while the potential gain is pretty priceless.

Discussion Deals

http://www.fatwallet.com/forums/finance/1449266/ Sat, 27 Jun 2015 03:54:27 -0500
<![CDATA[Local Government Pension Question - How competitive is this pension?]]> http://www.fatwallet.com/forums/finance/1449254/ Rating: 0 Posted By: fatbaby
Views: 1458 Replies: 17

Got a job offer with a local municipality in SOCAL:
- 12 sick days, 10 vacation days, 12.5 holidays, 1 personal day
- Low cost health care ($40-$100/month, free vision/dental)

They are also participating in CALPERS:
- 2% for each year you are a member starting @ 62 after 5 year vesting period
- Exempt from SSI (6.2%)
- Have to contribute 4% of salary (municipality contributes another 4%)
- If I don't fully vest, the money contributed grows at ~7% APY until I withdraw it
- Pre-recession members got 2.5% @ 55 while contributing 2% of their salary. Some CALPERS pensions in other organizations went as high as 3% @ 55.

How competitive is this to federal, private, or other public pensions that you know of?

It's my understanding that FERS is ~1% per year @ 62 with a 4% contribution. OCERS (Orange County Pension) can be around 1.5-2.5% @ 55.

Discussion Deals

http://www.fatwallet.com/forums/finance/1449254/ Fri, 26 Jun 2015 22:58:41 -0500