I have been having a hard time getting a web development job, and I suspect that it has to do with the gap in my employment history that is to the extent of thirteen years. This gap is due to schizophrenia, anxiety attacks and seizures that I was put on mental disability for. For the first several years I was on mental disability I went undiagnosed and untreated. After being prescribed the proper medications I spent several years more simply stabilizing. After that I went on to college and am in my senior year with a GPA of 4.0 and a lot of valuable skills I would think any employer would love to see in a potential employee. I have been on many interviews, and the work history issue never really comes up, but I think it is affecting my opportunities. Any suggestions on how to deal with the work history gap now that I am ready to charge from the gates and land a job?
Wow... first off, I commend you on battling that disability head on! And your GPA is fantastic.
I think your difficulties may be in the current job market though. I don't think any employer will look at that degree and GPA and not hire you based on the gap in history. If they do address it during an interview, I would consider being honest with them by saying you were on disability, and you got motivated and turned your life completely around. You don't want to lie about it, you want to turn it into your advantage.
Keep trying and good luck!
Ask if there is concern regarding the gap. Then share, if need be, that the gap was a time where you spent time growing and developing personally. Now you are a person returning to the work force. Keep it light.
You may only want to ask just to get a feel if it really is a problem or not. You could be over worried which would be normal.
...indicate that you were taking care of a catastrophic domestic situation that involved you taking care of your family or loved one for that period of time,.
ahhhhh...You were "out of the country"?
Thursday, March 26, 2009
Can married couples have two ROTH IRA and file jointly?
My wife and I have a Roth IRA that I opened several years ago before we got married. This Roth IRA is under my name. Being that you can only contribute $5000 this year for one account; we were thinking about opening another Roth IRA under her name and start contributing up to $5000 and have two Roth IRA where we could double our contributions. We have already filled our taxes this year but if we do this now could we still file our taxes next year as married??
Yes you can do that. Your income limit for a married couple filing jointly is $159,000. So as long as you're under this number, you are fine.
The "I" in IRA stands for individual so you're correct in assuming that you can not have joint accounts. Have her start one and you both can contribute the maximum. Make sure to designate a beneficiary on the accounts should you pass away.
Good luck.
Yes you can do that. Your income limit for a married couple filing jointly is $159,000. So as long as you're under this number, you are fine.
The "I" in IRA stands for individual so you're correct in assuming that you can not have joint accounts. Have her start one and you both can contribute the maximum. Make sure to designate a beneficiary on the accounts should you pass away.
Good luck.
I found a heart on the ground that says AU 925, but it looks nothing like gold. What is it?
Silver is usually measured by weight being 92.5% silver and 7.9% other metals.
Does it look like silver?
AU usually means the silver is from Australia.
Usually sterling silver is 925, but don%26#039;t know about AU.v
AU is the symbol for Gold in the Periodic Table. So the heart has some gold in it..
is it from Australia possibly? (AU)
Sterling Silver, most likely.
EW
%0D%0A
Does it look like silver?
AU usually means the silver is from Australia.
Usually sterling silver is 925, but don%26#039;t know about AU.v
AU is the symbol for Gold in the Periodic Table. So the heart has some gold in it..
is it from Australia possibly? (AU)
Sterling Silver, most likely.
EW
%0D%0A
Where does money go once it
it goes back to the bank if it doesnt it eventualy goes back to the back where they inspect for fraud n stuff like that and get rid of old bills that are torn or wore out the way it goes back to the bank is by deposits people have to make deposits in order to have funds in the back n thats how they get a checking acount.... study business n management u will understand
From a person hand to another person hand then to the Bank. It always end up in a bank one way of another though deposits anyway Take Care and God Bless
It goes to other people's pocket and the cycle goes on o_O
I spent al my money in the hole of prostitute. it is very sweet but my money?...........................
From a person hand to another person hand then to the Bank. It always end up in a bank one way of another though deposits anyway Take Care and God Bless
It goes to other people's pocket and the cycle goes on o_O
I spent al my money in the hole of prostitute. it is very sweet but my money?...........................
Legal position with lending stepladders?
Hello this is somewhat random question but I wonder if anyone would know the legal implications of lending a friend some stepladders.
I thought for a long time if someone has an accident on your property whilst using your ladders they could sue you. What about if you loaned them out and they fell off them?
I wasnt sure if it was as simple as falling off and being liable or falling off due to a defective which was not made aware to them at the time of lending.
Any feedback appreciated but not expected in this case hehe :)
The onus is on the Ledee, to ensure it's safe for him to use and is used as intended by the manufacturer and good practice.
Onus is on the Lender, not to lend an unsafe ladder.
For example, say you weigh 10 stone and the ladder is safe and good for you to use. Your lendee (neighbour) may weigh 20 stone. He may wish to use the ladder unsafely or at an unsafe angle. That decison is his, not yours, so you cannot be held responsible for his acts.
Hi
First it would be civil; second the steps should be fit for purpose and in a condition you would use yourself. Any fall etc would need to conclusively prove that the steps were the root cause. Unless they were, you have little to be concerned about.
Curtis
If the other party fell off due to your own negligence (ie you didn't tighten one of the screws or something) then they would have a case. Not sure if it would win though.
I thought for a long time if someone has an accident on your property whilst using your ladders they could sue you. What about if you loaned them out and they fell off them?
I wasnt sure if it was as simple as falling off and being liable or falling off due to a defective which was not made aware to them at the time of lending.
Any feedback appreciated but not expected in this case hehe :)
The onus is on the Ledee, to ensure it's safe for him to use and is used as intended by the manufacturer and good practice.
Onus is on the Lender, not to lend an unsafe ladder.
For example, say you weigh 10 stone and the ladder is safe and good for you to use. Your lendee (neighbour) may weigh 20 stone. He may wish to use the ladder unsafely or at an unsafe angle. That decison is his, not yours, so you cannot be held responsible for his acts.
Hi
First it would be civil; second the steps should be fit for purpose and in a condition you would use yourself. Any fall etc would need to conclusively prove that the steps were the root cause. Unless they were, you have little to be concerned about.
Curtis
If the other party fell off due to your own negligence (ie you didn't tighten one of the screws or something) then they would have a case. Not sure if it would win though.
What do you think about the IRS crackdown on offshore bank accounts....?
do you think Americans should be able to "hide" money....
I looked into it back when I had money but, they watched everything very closely. I wasn't hiding money. We were looking a a charter for some insurance company. It wasn't worth the trouble..
Is Belle still hanging out with her Friend? I know that you are having a blast with her. I bet she is a little different in her "home" environment. My hat is off to you for thinking of the trip. A GREAT idea...
Be safe..
Most Americans don't have money to hide but the cheats, etc,etc do, some well know names should start popin up
It is a good thing that they are cracking down on cheats.
Some try some get caught
I looked into it back when I had money but, they watched everything very closely. I wasn't hiding money. We were looking a a charter for some insurance company. It wasn't worth the trouble..
Is Belle still hanging out with her Friend? I know that you are having a blast with her. I bet she is a little different in her "home" environment. My hat is off to you for thinking of the trip. A GREAT idea...
Be safe..
Most Americans don't have money to hide but the cheats, etc,etc do, some well know names should start popin up
It is a good thing that they are cracking down on cheats.
Some try some get caught
If two single and mature adults have sex, but they work?
for the same firm... he is 37 and she's 34... would you sack them both?
it's not of your business
Noooo!!!! It really annoys me that some bosses would actually sack people over this. As long as it doesn't cause problems in the workplace & they are still good at their jobs I don't see that it should make a difference.
As you say, they are both single & mature....wish this kind of thing wasn't such a problem :(
what they do outside of work should have no bearing on work - however , when they break up badly in the future, it could cause problems, depending on if they have to actually work with each other - issues of sexual harassment are possible if the jilted one bothers the other one, etc
you know, this is a great insurance question.
no. my grandfather, my father, and i met all of our respective spouses at the same firm.
If I'm their employer, how in the world would I know that they had sex? Unless they did it at work - if so, then yes, I would sack them both.
If there is a company policy, what else would you expect to happen???
IF not, and they are not directly working w/each other, then no.
No why as long as it didn't interfere with the work that they do. Many couples meet at work, and start off with having sex!
only if it was getting in the way of their work...
or if they were doing it at work... i would sack them on the spot if i caught them at it
*snigger*
As long as they keep their personal lives separate from work, it's ok.
NO!!! Whats so wrong about having sex, gods sake!
as long at it is not in work time or on work property it's their own business
Try for the 3-way!
it's not of your business
Noooo!!!! It really annoys me that some bosses would actually sack people over this. As long as it doesn't cause problems in the workplace & they are still good at their jobs I don't see that it should make a difference.
As you say, they are both single & mature....wish this kind of thing wasn't such a problem :(
what they do outside of work should have no bearing on work - however , when they break up badly in the future, it could cause problems, depending on if they have to actually work with each other - issues of sexual harassment are possible if the jilted one bothers the other one, etc
you know, this is a great insurance question.
no. my grandfather, my father, and i met all of our respective spouses at the same firm.
If I'm their employer, how in the world would I know that they had sex? Unless they did it at work - if so, then yes, I would sack them both.
If there is a company policy, what else would you expect to happen???
IF not, and they are not directly working w/each other, then no.
No why as long as it didn't interfere with the work that they do. Many couples meet at work, and start off with having sex!
only if it was getting in the way of their work...
or if they were doing it at work... i would sack them on the spot if i caught them at it
*snigger*
As long as they keep their personal lives separate from work, it's ok.
NO!!! Whats so wrong about having sex, gods sake!
as long at it is not in work time or on work property it's their own business
Try for the 3-way!
New York State Taxes - Full refund of withholdings does that sound right?
Hello,
My husband is still pays NY state taxes (he's military) and i'm a WA state resident, so i don't. we filed a joint tax return this year for 2008, and also 2007 because he didn't do it last year.
We're getting all the money that was withheld for state taxes, and I can't get ahold of HR block people, long story.
Does that sound right? We're getting a lot back, almost as much as our federal refund for each year, and more put together for the two years.
Anyone else have experience with NY state taxes?
no idea sry
First, in the future, do not use "people" whom you "can't get ahold of" to do your taxes.
Second, if he is a NY resident (even if stationed elsewhere by the military), then NY should be keeping the NY tax on what he earned (plus the NY tax on anything you earned in NY) and refunding only the difference.
If you did not work in New York State AND he was not a legal resident of NY (even if he was stationed there by the military), then you should be receiving a full refund of NY income taxes withheld.
Call this number and ask them. Good luck
1 (800) 225 5829 or go to www.nystax.gov
My husband is still pays NY state taxes (he's military) and i'm a WA state resident, so i don't. we filed a joint tax return this year for 2008, and also 2007 because he didn't do it last year.
We're getting all the money that was withheld for state taxes, and I can't get ahold of HR block people, long story.
Does that sound right? We're getting a lot back, almost as much as our federal refund for each year, and more put together for the two years.
Anyone else have experience with NY state taxes?
no idea sry
First, in the future, do not use "people" whom you "can't get ahold of" to do your taxes.
Second, if he is a NY resident (even if stationed elsewhere by the military), then NY should be keeping the NY tax on what he earned (plus the NY tax on anything you earned in NY) and refunding only the difference.
If you did not work in New York State AND he was not a legal resident of NY (even if he was stationed there by the military), then you should be receiving a full refund of NY income taxes withheld.
Call this number and ask them. Good luck
1 (800) 225 5829 or go to www.nystax.gov
Do you find that the workplace is similar to what you experienced at school ?
whether it was in high school, college etc
The better the job, the less it is. When you work with other educated people, there tends to be so much less of that childish picking at others, bickering behind people's backs, jealousy, cliques, etc. Part of it is human nature, but I wouldn't want to go back to high school. Once you've been through it, everything else is a breeze ;)
For me, personally no. I was teased at school but now at work people respect me and treat me equally.
I work for a Multinational company, I feel sometimes it is worse than what it was in school...
The better the job, the less it is. When you work with other educated people, there tends to be so much less of that childish picking at others, bickering behind people's backs, jealousy, cliques, etc. Part of it is human nature, but I wouldn't want to go back to high school. Once you've been through it, everything else is a breeze ;)
For me, personally no. I was teased at school but now at work people respect me and treat me equally.
I work for a Multinational company, I feel sometimes it is worse than what it was in school...
How can I buy a foreclosure?
I have a trust fund worth $60,000 that i get when im 18, and im set on buying a foreclosed home or apartment, but what is the best way i can go about doing this? im planning on paying in full, but will i be taken seriously because im only 18?
definitely contact a realtor... and if you dont want to go about paying one... then the best bet i can also tell you is look in your local paper...watch for forclosure listings..go look at the property..since the downside of buying a forclosed property w/o a realtor is that you cant look around the inside of the house before you purchase... most the ones in the paper are sold AS IS... you can drive by and see the outside.. but when the auction starts and you buy..its sold however you bought it. One more problem on your hands is that most realtors scoop up forclosed properties for themselves..they buy it through the company... mark it up and sell it for twice what they paid..they might pay $100,000 for a $500,000 home.. then sell it back for $500,000. A Realtor once told me they do this because the companies get the foreclosure list WELL BEFORE.. the public ever sees it..so they usually get the properties.. thats why you see A TON.. of homes sold by a popular real estate group
find a realtor an go hunting in your price range. Since paying cash you will not need a mortgage
definitely contact a realtor... and if you dont want to go about paying one... then the best bet i can also tell you is look in your local paper...watch for forclosure listings..go look at the property..since the downside of buying a forclosed property w/o a realtor is that you cant look around the inside of the house before you purchase... most the ones in the paper are sold AS IS... you can drive by and see the outside.. but when the auction starts and you buy..its sold however you bought it. One more problem on your hands is that most realtors scoop up forclosed properties for themselves..they buy it through the company... mark it up and sell it for twice what they paid..they might pay $100,000 for a $500,000 home.. then sell it back for $500,000. A Realtor once told me they do this because the companies get the foreclosure list WELL BEFORE.. the public ever sees it..so they usually get the properties.. thats why you see A TON.. of homes sold by a popular real estate group
find a realtor an go hunting in your price range. Since paying cash you will not need a mortgage
Employment...Lack of?
I was sacked from my job as a bus driver at the start of February. Previous to that I worked in an office for 7 years, first as a Data Entry Clerk then promoted to a GPP Pensions Administrator. Ive been looking for a new job and applied for about 20 in the 6 weeks and but to no avail. I think its because I left office work for the year and a half to be a bus driver as it was basically double my salary. Im now finding this totally depressing I cant get work and Im sick of being total skint. Anyone have any advice on how I can get a job?! I dont want anything special, just a basic 9 till 5 in an office?! HELP ANYONE!
You seem to have done what you can. That is all you can do at the moment because it is so quiet out there.
I am due to be out of work next week as my office closed and although I have a Masters degree, over 10 years experience and have held senior posts, I too are finding it hard. This time last year, in my profession, just as long as you had a pulse you were hired. I do have 3 interviews to come but as most people say, you are in serious competition with others.
Good luck, keep trying eventually you will get something even if it is not want you want to do right now, it will do just as long as you ride out the storm when the economy finally picks up.
You're probably sick of hearing about it but it's really tough for everyone right now so don't take your lack of employment personally. I was made redundant and I can't get a thing either despite having all sorts of experience. I'm pregnant too so I could bet my life savings I won't get a job before Baby arrives.
Good luck. It's horrible to be out of work.
PS Can I ask why you were sacked? Was it a fair dismissal?
I totally understand where you are coming from there- I was made redundant from my last post in June of last year, it took me until October to find work, and although still in my current job, I might lose it sooner rather than later and this time I might not be as lucky to get another.
Its the way things are sweetheart-you and a million others, just hang in there something will come
Unfortunately there are now 10 applicants for every job, and it is going to get (a lot) worse.
As an employer the first problem I see is you were sacked. That is a black mark, whatever your reason/excuse. So I would now be looking at the other 9 people. Employers also have BIG problems at present just keeping going so employing a possible problem person is a big NO NO!
Mate, it's people like you who deserve all the help that's available. Have you tried the recruitment agency websites? The largest is www.reed.co.uk. I wish you the best of luck and hope you find something soon.
You will have to take your turn in the queue of 2.4 million other unemployed
have a look at council jobs or government jobs.
I doubt it has anything to do with you being a bus driver. It's the times. So many people are having trouble finding work. I'm a Graphic Designer and at my job we build help wanted ads for more many many cities employment news papers. They have cut all of our hours down because so many cities and states just are not hiring near as much. It's very very scary. It's not you, it's the economy and recession. Hang in there and keep your chin up. Possibly try a temp agency. I wish I could give you more advice, but since my hrs were cut to half, I have been viciously job searching as well and NOTHING, just NOTHING
You seem to have done what you can. That is all you can do at the moment because it is so quiet out there.
I am due to be out of work next week as my office closed and although I have a Masters degree, over 10 years experience and have held senior posts, I too are finding it hard. This time last year, in my profession, just as long as you had a pulse you were hired. I do have 3 interviews to come but as most people say, you are in serious competition with others.
Good luck, keep trying eventually you will get something even if it is not want you want to do right now, it will do just as long as you ride out the storm when the economy finally picks up.
You're probably sick of hearing about it but it's really tough for everyone right now so don't take your lack of employment personally. I was made redundant and I can't get a thing either despite having all sorts of experience. I'm pregnant too so I could bet my life savings I won't get a job before Baby arrives.
Good luck. It's horrible to be out of work.
PS Can I ask why you were sacked? Was it a fair dismissal?
I totally understand where you are coming from there- I was made redundant from my last post in June of last year, it took me until October to find work, and although still in my current job, I might lose it sooner rather than later and this time I might not be as lucky to get another.
Its the way things are sweetheart-you and a million others, just hang in there something will come
Unfortunately there are now 10 applicants for every job, and it is going to get (a lot) worse.
As an employer the first problem I see is you were sacked. That is a black mark, whatever your reason/excuse. So I would now be looking at the other 9 people. Employers also have BIG problems at present just keeping going so employing a possible problem person is a big NO NO!
Mate, it's people like you who deserve all the help that's available. Have you tried the recruitment agency websites? The largest is www.reed.co.uk. I wish you the best of luck and hope you find something soon.
You will have to take your turn in the queue of 2.4 million other unemployed
have a look at council jobs or government jobs.
I doubt it has anything to do with you being a bus driver. It's the times. So many people are having trouble finding work. I'm a Graphic Designer and at my job we build help wanted ads for more many many cities employment news papers. They have cut all of our hours down because so many cities and states just are not hiring near as much. It's very very scary. It's not you, it's the economy and recession. Hang in there and keep your chin up. Possibly try a temp agency. I wish I could give you more advice, but since my hrs were cut to half, I have been viciously job searching as well and NOTHING, just NOTHING
What exactly does this mean?
%26quot;Your account is only eligible for a maximum of three payment arrangements with interest rate reduction and/or no fees during the lifetime of the account.
Please also be advised that we will report your account as closed to the credit bureau.
It is important that you do not break or cancel your payment arrangement as you may not be eligible for an additional arrangement.
This payment program temporarily reduces the annual percentage rate (APR) and monthly payment on your account.
If your account was open prior to the start of this arrangement, it will be closed and will remain closed after the end of the arrangement.
The original cardmember terms will be reinstated upon completion of the program. The default APR will be reinstated if a payment does not post to the account as agreed (see your statement for details on your APR).
If you are currently enrolled in credit insurance or debt protection, it will be cancelled.
If two agreed upon payments are missed, the arrangement will be terminated.
Additional payments may be required at the end of the arrangement to bring your account current and under the credit line.%26quot;
I%26#039;m trying to set up a payment arrangement to attempt to get a credit card that%26#039;s past due and over the limit back on the right track. Will this hurt my credit score severely?
Per your update, if you read this arrangement it states:
%26quot;If your account was open prior to the start of this arrangement, it will be closed and will remain closed after the end of the arrangement.%26quot;
-----------------------
By accepting this arrangement they will be closing your account.
Your credit has already been seriously damaged at this point by being past due and the fact that the card has been closed by your credit card company.
I%26#039;d ask your creditor the following: has this card been charged-off as bad debt? It%26#039;s important to know if they%26#039;ve taken this step. If they have, then you need to realize that the damage to your credit has already been done there is no undoing it. If the account has been charged-off, then focus on negotiating a settlement like 50%.
If it%26#039;s not been charged-off, then try to not let this happen as it really hurts your credit and there is no undoing the damage when this happens. If your financial situation does not improve, then contact your local Red Cross for a referral to the local Consumer Credit Counseling Services (CCCS) in your area. They can negotiate much lower payments and interest rates. Good luck!
CatDad is correct.
The payment arrangement is a good step to take. Once you have completed the terms, your card may be re-opened.
They will also change the report on your credit from Closed/Charged-off back to Pays as Agreed, though the past due noticed will still show.
%0D%0A
Please also be advised that we will report your account as closed to the credit bureau.
It is important that you do not break or cancel your payment arrangement as you may not be eligible for an additional arrangement.
This payment program temporarily reduces the annual percentage rate (APR) and monthly payment on your account.
If your account was open prior to the start of this arrangement, it will be closed and will remain closed after the end of the arrangement.
The original cardmember terms will be reinstated upon completion of the program. The default APR will be reinstated if a payment does not post to the account as agreed (see your statement for details on your APR).
If you are currently enrolled in credit insurance or debt protection, it will be cancelled.
If two agreed upon payments are missed, the arrangement will be terminated.
Additional payments may be required at the end of the arrangement to bring your account current and under the credit line.%26quot;
I%26#039;m trying to set up a payment arrangement to attempt to get a credit card that%26#039;s past due and over the limit back on the right track. Will this hurt my credit score severely?
Per your update, if you read this arrangement it states:
%26quot;If your account was open prior to the start of this arrangement, it will be closed and will remain closed after the end of the arrangement.%26quot;
-----------------------
By accepting this arrangement they will be closing your account.
Your credit has already been seriously damaged at this point by being past due and the fact that the card has been closed by your credit card company.
I%26#039;d ask your creditor the following: has this card been charged-off as bad debt? It%26#039;s important to know if they%26#039;ve taken this step. If they have, then you need to realize that the damage to your credit has already been done there is no undoing it. If the account has been charged-off, then focus on negotiating a settlement like 50%.
If it%26#039;s not been charged-off, then try to not let this happen as it really hurts your credit and there is no undoing the damage when this happens. If your financial situation does not improve, then contact your local Red Cross for a referral to the local Consumer Credit Counseling Services (CCCS) in your area. They can negotiate much lower payments and interest rates. Good luck!
CatDad is correct.
The payment arrangement is a good step to take. Once you have completed the terms, your card may be re-opened.
They will also change the report on your credit from Closed/Charged-off back to Pays as Agreed, though the past due noticed will still show.
%0D%0A
Help me out please 10pts best answer. BUILDING UP CREDIT..?
Ok so I am 20 years old, I have asked so many people around me how i can build up my credit since i have NONE and i nothing really helps. I%26#039;ve tried getting credit cards and all that but none of them approve me because I have insufficient credit history. so I ask myself how am I ever going to build up credit if they wont give me something to start it out with!? I already have my cellphone under my name but what are some other things that I can do do build my credit up? I do have a bank account and a full time job for over a year. What more can I do?
I have a daughter also, if that will make any difference.
i actually started my credit by opening a SMALL jewelry loan - i got $200 worth of jewelry and opened a line of credit. Pay ON TIME more than the minimum every month and then once paid off add a little more
Paying any bills in your name builds credit history.
Apply for a card with your bank whereby you give them a few hundred dollars that is placed on said card. You make purchases, and pay the balance, the starting money is simply used as collateral. After some history is built, they will give you a real card.
cell phones do not report. The best way is a secured card that is where you deposit cash into an account with the bank and they give you a card to that credit limit. Pay on time all the time and you will in about 6 months get offers for more. Never abuse the system. Keep balances well below 25% of the credit limit and your scores will go up over time
Try applying for a store card like Sears or Penny%26#039;s. Or a gas company card. That%26#039;d be a start.
If you open an account with Edward Jones Investments (you should be planning for retirement anyway) then you could get a Mastercard through them.
some banks offer what that call starter credit cards. they have a low limit, and usually a high interest rate. They are designed for people like you who needs to build their credit and have little credit history. Check that out.
I would stop applying for credit everywhere - that will make your credit worse. Go to your bank and explain your situation and ask them if they have a secured credit card that they can offer you or know of someone that does. Go for big names when doing secured. Don%26#039;t apply for these secured cards where your money is actually a service fee and not protected in an account and later given back to you after you prove to be a good risk. Once you get the card make small purchases that you have the money for and send it in when the bill comes. Do this for about two years and you will be unsecured and on your way to building your credit. With our economy so bad right now you may have a hard time initially. Good Luck!!!
Your credit score is based on your credit payment history. The best way to build good credit is to consistently pay any loan or credit card bills you may have on time. Of course, without a credit score, you may have difficulty getting approval for your first loan or credit card. But there are several ways to establish creditworthiness without having a credit history.
- Your first step should be to pay all your bills on time. That includes not just credit bills but also your rent as well as phone, cable and utility bills. (If your landlord doesn%26#039;t report and you want him/her too, in order to add to your credit, you can request that they do)
-Your second step could be to seek retail credit, which is often easier to obtain (albeit at higher interest rates) than a national credit card. Or you might obtain a secured credit card, which involves depositing a certain amount of money into a savings account or CD, for example $500, as a reserve to guarantee repayment of your credit limit on the card.
- Do not, however, try for the largest possible loan or credit card balance in order to make your credit score more impressive. Creditworthiness is a relative concept: it partially based on your debt-to-income ratio. It not simply the size of your obligation that counts but also your repayment capacity.
Also, be sure to check your credit report once a year at www.annualcreditreport.com ( the only truly free site as it is federally mandated that you are able to view your score at this site, do NOT go to www.freecreditreport.com). You want to keep tabs on your credit report and make sure that no damaging errors pop up.
And congratulations on taking the right steps to establish credit for you and your family. Setting yourself up for financial stability is one of the greatest gifts you can give yourself and your daughter.
The cell phone plan is not going in your credit.
It only affects your credit if you don%26#039;t pay for over 30 days.
When I was 18 I got 2 credit cards.
One for gas, and one for food.
I paid in full each month, without ever paying a penny interest.
In a couple of years, I found myself with top 800+ scores.
I read that if you pay your bill in full, you can achieve top credit.
I never made any other loans, or paid anyone interest.
Keep trying.
Go to your bank and ask them for a credit card.
You are an established memeber, and after having a checking for 6 months in good standing, you should have no problem.
If that fails try store cards.
Kohl%26#039;s, jcpenny, sears, Target - easy to get.
Also try gasoline cards, and go to bankrate.com and find a card with cash back rewards.
You might hear about secured cards, you don%26#039;t need them.
Just keep trying store cards.
Your credit will take a slight ding from applying
Ex: 20 applications / year will reduce your score 10%
but that is really not that much.
All your applications that are in a 6 week period will be grouped as one.
This is done to help people compare mortgage rates and car loan rates.
/
%0D%0A
I have a daughter also, if that will make any difference.
i actually started my credit by opening a SMALL jewelry loan - i got $200 worth of jewelry and opened a line of credit. Pay ON TIME more than the minimum every month and then once paid off add a little more
Paying any bills in your name builds credit history.
Apply for a card with your bank whereby you give them a few hundred dollars that is placed on said card. You make purchases, and pay the balance, the starting money is simply used as collateral. After some history is built, they will give you a real card.
cell phones do not report. The best way is a secured card that is where you deposit cash into an account with the bank and they give you a card to that credit limit. Pay on time all the time and you will in about 6 months get offers for more. Never abuse the system. Keep balances well below 25% of the credit limit and your scores will go up over time
Try applying for a store card like Sears or Penny%26#039;s. Or a gas company card. That%26#039;d be a start.
If you open an account with Edward Jones Investments (you should be planning for retirement anyway) then you could get a Mastercard through them.
some banks offer what that call starter credit cards. they have a low limit, and usually a high interest rate. They are designed for people like you who needs to build their credit and have little credit history. Check that out.
I would stop applying for credit everywhere - that will make your credit worse. Go to your bank and explain your situation and ask them if they have a secured credit card that they can offer you or know of someone that does. Go for big names when doing secured. Don%26#039;t apply for these secured cards where your money is actually a service fee and not protected in an account and later given back to you after you prove to be a good risk. Once you get the card make small purchases that you have the money for and send it in when the bill comes. Do this for about two years and you will be unsecured and on your way to building your credit. With our economy so bad right now you may have a hard time initially. Good Luck!!!
Your credit score is based on your credit payment history. The best way to build good credit is to consistently pay any loan or credit card bills you may have on time. Of course, without a credit score, you may have difficulty getting approval for your first loan or credit card. But there are several ways to establish creditworthiness without having a credit history.
- Your first step should be to pay all your bills on time. That includes not just credit bills but also your rent as well as phone, cable and utility bills. (If your landlord doesn%26#039;t report and you want him/her too, in order to add to your credit, you can request that they do)
-Your second step could be to seek retail credit, which is often easier to obtain (albeit at higher interest rates) than a national credit card. Or you might obtain a secured credit card, which involves depositing a certain amount of money into a savings account or CD, for example $500, as a reserve to guarantee repayment of your credit limit on the card.
- Do not, however, try for the largest possible loan or credit card balance in order to make your credit score more impressive. Creditworthiness is a relative concept: it partially based on your debt-to-income ratio. It not simply the size of your obligation that counts but also your repayment capacity.
Also, be sure to check your credit report once a year at www.annualcreditreport.com ( the only truly free site as it is federally mandated that you are able to view your score at this site, do NOT go to www.freecreditreport.com). You want to keep tabs on your credit report and make sure that no damaging errors pop up.
And congratulations on taking the right steps to establish credit for you and your family. Setting yourself up for financial stability is one of the greatest gifts you can give yourself and your daughter.
The cell phone plan is not going in your credit.
It only affects your credit if you don%26#039;t pay for over 30 days.
When I was 18 I got 2 credit cards.
One for gas, and one for food.
I paid in full each month, without ever paying a penny interest.
In a couple of years, I found myself with top 800+ scores.
I read that if you pay your bill in full, you can achieve top credit.
I never made any other loans, or paid anyone interest.
Keep trying.
Go to your bank and ask them for a credit card.
You are an established memeber, and after having a checking for 6 months in good standing, you should have no problem.
If that fails try store cards.
Kohl%26#039;s, jcpenny, sears, Target - easy to get.
Also try gasoline cards, and go to bankrate.com and find a card with cash back rewards.
You might hear about secured cards, you don%26#039;t need them.
Just keep trying store cards.
Your credit will take a slight ding from applying
Ex: 20 applications / year will reduce your score 10%
but that is really not that much.
All your applications that are in a 6 week period will be grouped as one.
This is done to help people compare mortgage rates and car loan rates.
/
%0D%0A
Who is responsible for a business debt that was personally guaranteed by two people but one is out of company?
I understand the legal part of this but I would appreciate advice on principle. My business partner and I received business loan from a bank that we personally guaranteed. We used 95% of the funds before I bought out my partner%26#039;s share of the company and became the sole owner of the company. Last year, we had a meltdown with several factors coming down all at once. The company went down along with it. My business partner knew the company was shaky just before I bougth him out but I wanted to give it another run at it before giving up. Late last year, I finally had to begin liquidating. I know we are both responsible for the debt legally but based on the fact that I did not spend 95% of the loan on my own and that we both knew business was not in good shape, should the ex-business partner be right to get angry with me now that banks are calling us?
Usually he would receive a %26quot;release%26quot; from his loan obligation when you bought him out. If he forgot to ask for a release, he is still 100% obligated. There is no uncertainty. He owes the money. Both legally and morally. He can not stick you with his share now..
%0D%0A
Usually he would receive a %26quot;release%26quot; from his loan obligation when you bought him out. If he forgot to ask for a release, he is still 100% obligated. There is no uncertainty. He owes the money. Both legally and morally. He can not stick you with his share now..
%0D%0A
Why should I invest in multiple market index funds?
Let me say at the outset that I am no stock trader and I am only an investor for the long term (over 1 year). After reviewing the results of the various market index funds (dow, s%26amp;p 500, nasdaq, etc.) and seeing that the movement of each one mirrors the other, why wouldn%26#039;t I just invest in one rather than a variety of them? Sure they may be slightly off of each other but basically the same general movement up or down. It doesn%26#039;t seem that diversification is as important when investing in the overall market as it is when investing in a portfollio of individual stocks. Am I missing something here?
You are basically correct. Invest in a single US stock index fund. If you invest enough, the fund may lower its expense charges. I like the Vanguard total stock market index fund. VTSAX
Then you can add some index funds for other countries (Europe or Emerging Markets) or perhaps in a specific sector (REIT or Energy, etc).
If you buy alot of different stocks and are well diversified then it should act like a index fund for the overall market.
Note that the nasdaq is heavy on tech companies so it typically goes up / down more than the S%26amp;P500 for example. The S%26amp;P500 has something like 70% of the entire US stock market cap so it is a pretty good representation of the overall US stock market except for small cap compnies.
Each investment company%26#039;s index fund contains a different mix/percentage of the various types of stocks, which would affect how that fund reacts to the market%26#039;s ups and downs. If an index fund was heavy in financial stocks, it would be more likely to tank right now.
Personally, I have Fidelity%26#039;s OTC Index Fund and it has done quite well when compared to what the OTC itself is doing and how other OTC index funds have performed. It is not losing as much as some of the other OTC index funds and actually rises on some days when the OTC itself has tanked. So, you want to know how the index fund is weighted.
No, you%26#039;re absolutely right.
For a long term investor who doesn%26#039;t want to look at stocks every minute of the day like I do, I%26#039;d recommend buying about 5-10 blue chip dividend paying stocks in companies that profit year after year no matter what the market does to their price in the short-term. Coca Cola and Pfizer are good examples.
Alternatively a managed fund with large cap (blue chip) stocks would also be good.
Not all stocks pay dividends.
I would not invest in jack s**t right now.
%0D%0A
You are basically correct. Invest in a single US stock index fund. If you invest enough, the fund may lower its expense charges. I like the Vanguard total stock market index fund. VTSAX
Then you can add some index funds for other countries (Europe or Emerging Markets) or perhaps in a specific sector (REIT or Energy, etc).
If you buy alot of different stocks and are well diversified then it should act like a index fund for the overall market.
Note that the nasdaq is heavy on tech companies so it typically goes up / down more than the S%26amp;P500 for example. The S%26amp;P500 has something like 70% of the entire US stock market cap so it is a pretty good representation of the overall US stock market except for small cap compnies.
Each investment company%26#039;s index fund contains a different mix/percentage of the various types of stocks, which would affect how that fund reacts to the market%26#039;s ups and downs. If an index fund was heavy in financial stocks, it would be more likely to tank right now.
Personally, I have Fidelity%26#039;s OTC Index Fund and it has done quite well when compared to what the OTC itself is doing and how other OTC index funds have performed. It is not losing as much as some of the other OTC index funds and actually rises on some days when the OTC itself has tanked. So, you want to know how the index fund is weighted.
No, you%26#039;re absolutely right.
For a long term investor who doesn%26#039;t want to look at stocks every minute of the day like I do, I%26#039;d recommend buying about 5-10 blue chip dividend paying stocks in companies that profit year after year no matter what the market does to their price in the short-term. Coca Cola and Pfizer are good examples.
Alternatively a managed fund with large cap (blue chip) stocks would also be good.
Not all stocks pay dividends.
I would not invest in jack s**t right now.
%0D%0A
How long before we get our tax return? Please help!!!?
My husband and I got our taxes done at Jackson Hewitt on 3/24. We gave them a savings account number to have the check deposited into but we accidentally gave them a number to our old (closed) account. We closed it last year. The banks says its still closed. So, when the IRS gets the check back, they will send it to us in the mail. About when can we expect to get our check in the mail?
Thanks
Add 3-4 weeks for the deposit to fully boomerang.
Thanks
Add 3-4 weeks for the deposit to fully boomerang.
Can I refinance my new construction condo if we haven
First Question:
I%26#039;ve lived at my Washington state condo for a year and a half, which was a new construction at the time I closed. Anyhow, I presently have a conventional 30 year fixed loan at 6.625% and would like to refinance at the lower mortgage rates.
I%26#039;m told that because we haven%26#039;t been incorporated - there%26#039;s no homeowner%26#039;s association since there are still some units for sale - that it will prevent me from being able to refi. Is this statement correct.
We (building occupants) are planning to go through the Articles of Incorporation within the next 3 or 4 months and I%26#039;m concerned I%26#039;ll miss the opportunity to refi at these all time low interest rates.
With property values significantly decreasing especially in my city, will this also affect the loan interest rate aside that I have phenomenal credit overall. Anyhow, I put half down on my property in fall of 2007, yet the value of identical units like mine are currently selling for 30% less. The ratio of what I owe vs what my unit now is worth... how does this affect my rates.
Second Question:
With the condo%26#039;s appraised value being 30% lower, will I have to pay PMI. I want to rollover my balance which is 25% of current market/assessor%26#039;s appraised value for my home.
Thanks for your help.
What does the Certificate of Incorporation (COI) have to do with your property. When I bought my condo apparently the COI had been expired for years.. When I took over the association I discovered the last president didn%26#039;t bother to renew the COI and in fact had no idea what a COI was....thus had to go back and file for the previous 4 yrs. These have to be renewed yearly..
EVEN without a COI...none of that seemed to impact the sale of units within the building.. Didn%26#039;t impact my purchase at all! The bank never asked..
I%26#039;d be more concerned as to why the developer had not Incorporated the building prior to selling units.. In NJ that is required before the developer can sell any units!
I do not know the answer for the second question..sorry
%0D%0A
I%26#039;ve lived at my Washington state condo for a year and a half, which was a new construction at the time I closed. Anyhow, I presently have a conventional 30 year fixed loan at 6.625% and would like to refinance at the lower mortgage rates.
I%26#039;m told that because we haven%26#039;t been incorporated - there%26#039;s no homeowner%26#039;s association since there are still some units for sale - that it will prevent me from being able to refi. Is this statement correct.
We (building occupants) are planning to go through the Articles of Incorporation within the next 3 or 4 months and I%26#039;m concerned I%26#039;ll miss the opportunity to refi at these all time low interest rates.
With property values significantly decreasing especially in my city, will this also affect the loan interest rate aside that I have phenomenal credit overall. Anyhow, I put half down on my property in fall of 2007, yet the value of identical units like mine are currently selling for 30% less. The ratio of what I owe vs what my unit now is worth... how does this affect my rates.
Second Question:
With the condo%26#039;s appraised value being 30% lower, will I have to pay PMI. I want to rollover my balance which is 25% of current market/assessor%26#039;s appraised value for my home.
Thanks for your help.
What does the Certificate of Incorporation (COI) have to do with your property. When I bought my condo apparently the COI had been expired for years.. When I took over the association I discovered the last president didn%26#039;t bother to renew the COI and in fact had no idea what a COI was....thus had to go back and file for the previous 4 yrs. These have to be renewed yearly..
EVEN without a COI...none of that seemed to impact the sale of units within the building.. Didn%26#039;t impact my purchase at all! The bank never asked..
I%26#039;d be more concerned as to why the developer had not Incorporated the building prior to selling units.. In NJ that is required before the developer can sell any units!
I do not know the answer for the second question..sorry
%0D%0A
How does super-annuation in Australia work?
im a british citizen, moved to australia for 18months.
ive just got a job, but im not sure what i need for my first day-ie do i need details of a fund?
do i need a nominated fund for my super annuation to go into?
or is it true that i can get it in cash before i leave Oz?
If you don%26#039;t have a superannuation account, don%26#039;t worry. They will usually set you up with one in the first week or two that you are working. They usually just give you the paperwork for a generic fund like Australian Super and you just fill it in and give it back to them.
If you have an existing superannuation account, bring the details with you when you start work. That way, you can just set your super up immediately and don%26#039;t have to worry about doing heaps of paperwork to switch to your existing account.
You would have to talk to an accountant about whether you can get it when you leave Australia. However, most people in Australia cannot access their superannuation until they reach preservation age, which is about 60 - 65.
Super annuation is 9% on top of the gross salary. As a employee you also can contribute. But, you cannot take this money out untill you are 60 years old.
%0D%0A
ive just got a job, but im not sure what i need for my first day-ie do i need details of a fund?
do i need a nominated fund for my super annuation to go into?
or is it true that i can get it in cash before i leave Oz?
If you don%26#039;t have a superannuation account, don%26#039;t worry. They will usually set you up with one in the first week or two that you are working. They usually just give you the paperwork for a generic fund like Australian Super and you just fill it in and give it back to them.
If you have an existing superannuation account, bring the details with you when you start work. That way, you can just set your super up immediately and don%26#039;t have to worry about doing heaps of paperwork to switch to your existing account.
You would have to talk to an accountant about whether you can get it when you leave Australia. However, most people in Australia cannot access their superannuation until they reach preservation age, which is about 60 - 65.
Super annuation is 9% on top of the gross salary. As a employee you also can contribute. But, you cannot take this money out untill you are 60 years old.
%0D%0A
What a job or a career that would take you all around the world?
I am passionate about traveling; I have been to almost every part of South America and on my journeys I have met some really cool people, but they are just like me. They are only travelers with a lot of extra time on their hands. I really what to know of a profession that would take you all over the world, but not just for a week but more like 2 years then moving on or am I asking for too much?
try being a hotel or restaurant critic and reviewer. there are magazines, travel companies, and resorts looking for people to rate and rank different places around the world.
try being a pilot or flight attendant.
you can also try becoming a Executive for a mutlinational corporation.
win the lotto and travel
check out my blog in my profile, i list some ways to make a part time income at home. the money you make from that can go towards paying for a vacation.
And dont forget to get your flyer miles/points. that can come in handy....
You can be a person who advertises company products around the world
Sorry i forgot the name of the position
try being a hotel or restaurant critic and reviewer. there are magazines, travel companies, and resorts looking for people to rate and rank different places around the world.
try being a pilot or flight attendant.
you can also try becoming a Executive for a mutlinational corporation.
win the lotto and travel
check out my blog in my profile, i list some ways to make a part time income at home. the money you make from that can go towards paying for a vacation.
And dont forget to get your flyer miles/points. that can come in handy....
You can be a person who advertises company products around the world
Sorry i forgot the name of the position
Job help!!from marketing assistant to IA?
can you start your career as an investment adviser by starting out as a marketing assistant for a reputed investment firm? the reason i ask is because i just finished college and am on a gap year...i was looking for a job and was recently called for an interview the VP told me he will be needing my services and will likely call me by the end of this week (he said he will be out of town and not return until at the end of the week), there are only 2 more days left until the week ends and i have yet to hear from him? do you think its wise for me to call him and check??? any ways in my mind i am thinking it will be easy to make a transition from a marketing assistant to an investment adviser am i getting ahead o my self? or should i just opt out for graduate program in HR that i have been accepted to instead??
lol i'm a confused 21 year old and still have not quite found my place in the world?
an career advice would be of great help!
thx
Screw the last 2 scammers...
It depends on your interests and what you're good at. You've already graduated from college at 21? Damn, well done.
I would recommend against Marketing, but that's just my opinion because I personally despise it. If you go into graduate school for HR, your job opportunities will be many (and easy to get), but they'll almost certainly be limited to the HR field, and that's a very restricted area (and boring for most). So just based on my own personal interests, I would go for the Finance job, and later on get them to pay for you to go to graduate school for Finance... you'll have a broad knowledge and be able to really succeed once (if) this economy picks up again.
I think you should not call him. If there is a job opening, he needs you. If he is just thinking about a "future" opening, he might not call you for 2 years. Keep applying at other places and never look back.
Yes you can work your way up to investment advisor from a marketing assistant position..
lol i'm a confused 21 year old and still have not quite found my place in the world?
an career advice would be of great help!
thx
Screw the last 2 scammers...
It depends on your interests and what you're good at. You've already graduated from college at 21? Damn, well done.
I would recommend against Marketing, but that's just my opinion because I personally despise it. If you go into graduate school for HR, your job opportunities will be many (and easy to get), but they'll almost certainly be limited to the HR field, and that's a very restricted area (and boring for most). So just based on my own personal interests, I would go for the Finance job, and later on get them to pay for you to go to graduate school for Finance... you'll have a broad knowledge and be able to really succeed once (if) this economy picks up again.
I think you should not call him. If there is a job opening, he needs you. If he is just thinking about a "future" opening, he might not call you for 2 years. Keep applying at other places and never look back.
Yes you can work your way up to investment advisor from a marketing assistant position..
Background check on a house?
My bf and I found the perfect home to live in. And when I am in this house I get a funny feeling, like there is just something not right. Well... I ignore it cause I love the house and I want to live in it. Soo is there like anyway I can find the background history of the house? It was built in 1959. And there is imprints on the wall from kids back in the 60's. lol So I just want to know the history on it before hand. Is there a way to do this online for free?
Go to the courthouse and ask at the front desk where you would need to be to find those records. I don't remember the name of the department, but I DO recall it's in the county courthouse (same county the house is in). I kind of belief in ghosts, and I suspect our last house (built in 1902) might have been "occupied". I believed it was a woman and I would see things out of the corner of my eyes, but I never got any "funny" feelings. Odd as it may sound, one night shortly after moving in, I was alone in the house and felt a presence. I spoke out loud saying that I now lived there but had respect for the home and that I would keep it clean and take care of it. I would still see things in the corners of my eyes after that, but I was never bothered or afraid. I figured it was most likely just my imagination anyway since old homes will make you think that way. I never looked up the history because I decided, since I was already there and couldnt move out yet, I probably didnt need to be scaring myself by digging into such things. Good luck!
That sounds creepy. I have tried to find a way to check out the history of one of my old houses because I thought that it was haunted. I was unable to find anything online though. Hopefully someone will know and can help both of us out!
Go to the courthouse and ask at the front desk where you would need to be to find those records. I don't remember the name of the department, but I DO recall it's in the county courthouse (same county the house is in). I kind of belief in ghosts, and I suspect our last house (built in 1902) might have been "occupied". I believed it was a woman and I would see things out of the corner of my eyes, but I never got any "funny" feelings. Odd as it may sound, one night shortly after moving in, I was alone in the house and felt a presence. I spoke out loud saying that I now lived there but had respect for the home and that I would keep it clean and take care of it. I would still see things in the corners of my eyes after that, but I was never bothered or afraid. I figured it was most likely just my imagination anyway since old homes will make you think that way. I never looked up the history because I decided, since I was already there and couldnt move out yet, I probably didnt need to be scaring myself by digging into such things. Good luck!
That sounds creepy. I have tried to find a way to check out the history of one of my old houses because I thought that it was haunted. I was unable to find anything online though. Hopefully someone will know and can help both of us out!
What are some good commodity stocks to invest in?
I currently hold a position with AUY and CHK. I'm thinking about maybe adding one or two more commodity stocks to my portfolio. Any suggestions would be greatly appreciated.
AA - Alcoa (Aluminium)
RRC - Range Resources
OXY - Occidental petroleum
I would also suggest commodity exchange traded funds.
DBB - Powershares DB Base Metals ETF
DGL - Powershares DB Gold ETF
USO - United States Oil ETF
GLD - SPDR Gold Trust ETF
UGL - Proshares Ultra Gold EFT
In nowadays market crisis, If you would like to make money in the market and serious about it, you can google for HSFX Asset Management and start making consistent profits!
AA - Alcoa (Aluminium)
RRC - Range Resources
OXY - Occidental petroleum
I would also suggest commodity exchange traded funds.
DBB - Powershares DB Base Metals ETF
DGL - Powershares DB Gold ETF
USO - United States Oil ETF
GLD - SPDR Gold Trust ETF
UGL - Proshares Ultra Gold EFT
In nowadays market crisis, If you would like to make money in the market and serious about it, you can google for HSFX Asset Management and start making consistent profits!
Thursday, March 12, 2009
I am doing a walk through with a builder next week.?
what are the places or things i should particularly look out for?
Cracks on walls
Crooked walls
Spots where touch-up paint is needed
Turn on-off all water faucets (hot and cold)
Turn on dishwasher/garbage disposal
Make sure flooring was cut straight
Take something you can plug into the wall outlets to ensure electrical current is present
Turn on A/C unit
Garbage door openers
Make sure doors open and close properly (including closet doors)
Make sure windows open and close properly
first make sure that everything is in writing. There should be a formal list done by the builder.
If you haven't already done it, I would have a professional home inspector with you.
Actually look at the house and forget the cool part that you are buying a nice new house.
Get a professional to check it for you, can save you trouble if you know what needs doing before you have moved in.
Ask your REALTOR!
Cracks on walls
Crooked walls
Spots where touch-up paint is needed
Turn on-off all water faucets (hot and cold)
Turn on dishwasher/garbage disposal
Make sure flooring was cut straight
Take something you can plug into the wall outlets to ensure electrical current is present
Turn on A/C unit
Garbage door openers
Make sure doors open and close properly (including closet doors)
Make sure windows open and close properly
first make sure that everything is in writing. There should be a formal list done by the builder.
If you haven't already done it, I would have a professional home inspector with you.
Actually look at the house and forget the cool part that you are buying a nice new house.
Get a professional to check it for you, can save you trouble if you know what needs doing before you have moved in.
Ask your REALTOR!
Any thoughts on buying vipsx Now?
Pimco and others are calling for inflation and suggest buy Tips. Would you buy now. Please make a case either way
I recommended TIPS to my daughter last week as a supplement to her 401k. Forbes analyst Steve Hanke recommends TIPS and gold in the March 16 issue. If you buy them do it in an IRA or Roth IRA (or 401k if it's TIPS are a choice). With all the borrowing and money printing the govt is doing now inflation will be back with a vengeance. Another alternative is to short US Treasuries, which will decline in value when bond holders demand a higher interest rate due to inflation. The ETF TBT is double short the long treasury bond.
simple answer is you always want to be diversified and therefore have some exposure to TIPS.
US government has been printing a lot of money and that usually leads to inflation.
I recommended TIPS to my daughter last week as a supplement to her 401k. Forbes analyst Steve Hanke recommends TIPS and gold in the March 16 issue. If you buy them do it in an IRA or Roth IRA (or 401k if it's TIPS are a choice). With all the borrowing and money printing the govt is doing now inflation will be back with a vengeance. Another alternative is to short US Treasuries, which will decline in value when bond holders demand a higher interest rate due to inflation. The ETF TBT is double short the long treasury bond.
simple answer is you always want to be diversified and therefore have some exposure to TIPS.
US government has been printing a lot of money and that usually leads to inflation.
What can a failing business do?
Payroll and taxes have completely my moms restaurant account. We're not busy enough to afford to pay payroll next week. Rents due, the electricity is due, all of this amounts to around 3 thousand she doesn't even have a thousand dollars in the bank.
People that do eat there really enjoy the food. But, I just don't know what to do. I told her to become take out only to save from having to have employees but she said its not an option.
If she goes under, what are we going to do for work? Work in Michigan is hard to find, what is she gonna do to pay back her loans?
I'm really worried. Is there anything that can be done? Any ideas on how to save a failing business?
Thanks
If she does go under, she will file for bankruptcy and not pay the loans back.
See if you can get more people - be creative - think either conventions, parties, board meetings, lunch specials for local businesses....
Good luck
this is happening all over, you are not alone, cut expenses somehow
People that do eat there really enjoy the food. But, I just don't know what to do. I told her to become take out only to save from having to have employees but she said its not an option.
If she goes under, what are we going to do for work? Work in Michigan is hard to find, what is she gonna do to pay back her loans?
I'm really worried. Is there anything that can be done? Any ideas on how to save a failing business?
Thanks
If she does go under, she will file for bankruptcy and not pay the loans back.
See if you can get more people - be creative - think either conventions, parties, board meetings, lunch specials for local businesses....
Good luck
this is happening all over, you are not alone, cut expenses somehow
My debt was sent to a collections lawyer?
I got out of the Air Force early and owed back part of my bonus. We did not have the money to pay it back and I asked for a 6 month extension on payments so that for that time I would not have to make any payments and we could figure out what to do. In that time they were suppose to send me a notice and another bill, they did not. Being that we did not have the money, I did not follow up on it (I know I know...please dont judge me :) ) A year later I receive a letter in the mail from a lawyer saying that I am being sued for the full amount of the loan. I called the lawyer office and they said that the DOD was trying to contact me for a year and that I refused to answer my phone and the mail they sent me was to an old address that I have not lived at for over 2 years. The DOD got the first letter to my correct address and this lawyer was able to send me mail to my correct address, I do not understand why I was not contact for over a year about this. Is there anything I can do because I do not think it was fair that they are acting like they could not find me...this is the government and my correct address and phone number is on my discharge paper work. NEED ADVICE!! THANKS !!! P.S. I am unable to work because my son had brain surgery and needs round the clock care for the time being. This is my debt that I had before my husband and I got married and they are wanting his information as well.
When were you first delinquent? I don't know if it's different with oweing money to the Air Force, but with normal creditors, there is a statute of limitations (SOL) in your state where the debt occurred. You need to find out if your bonus is considered a written contract or oral or what. With credit cards for instance, my state has a 5 yr SOL. That means that the creditor has 5 years in which to sue me or else I can claim an SOL defense.
The collection agency will lie to you. If you got a letter in the mail from a lawyer saying you are being sued, you should have been served by a police officer/sherriff, whatever. I'd check with your local courthouse to see if a case was even filed. They could just be threatening you with a suit. They dont' need your husband's info. Trust me. Don't give it to them. This isn't your husband's debt.
Go to Legal Aid. they offer advice, and guidance in legal matters. My sister used the local one where we live and they lady explained a lot to her. She had a car repoed and was worried about garnishment of her check. The person at the Legal Aid office helped her, and what she told my sister happened. She eased my sister's mind, and helped her.
You owe the debt and you will need to repay it at some point. Suggest you work nights or weekends and clear it up.
When were you first delinquent? I don't know if it's different with oweing money to the Air Force, but with normal creditors, there is a statute of limitations (SOL) in your state where the debt occurred. You need to find out if your bonus is considered a written contract or oral or what. With credit cards for instance, my state has a 5 yr SOL. That means that the creditor has 5 years in which to sue me or else I can claim an SOL defense.
The collection agency will lie to you. If you got a letter in the mail from a lawyer saying you are being sued, you should have been served by a police officer/sherriff, whatever. I'd check with your local courthouse to see if a case was even filed. They could just be threatening you with a suit. They dont' need your husband's info. Trust me. Don't give it to them. This isn't your husband's debt.
Go to Legal Aid. they offer advice, and guidance in legal matters. My sister used the local one where we live and they lady explained a lot to her. She had a car repoed and was worried about garnishment of her check. The person at the Legal Aid office helped her, and what she told my sister happened. She eased my sister's mind, and helped her.
You owe the debt and you will need to repay it at some point. Suggest you work nights or weekends and clear it up.
Landlord wanted to amend lease but its a month to month and a one year!?
Really bad lease! just realized went to lawyer, its a month to month and a one year!?
my landlord has not been making their HOA payments or paying clubhouse dues, which were part of the rent and we understood that.
I went to a lawyer who found tons of errors in the lease that I overlooked, the lease is orignially a revised lease that she got to replace a lease we signed with a real estate agent that she fired.
1st mistake it says "tenant entering into a month to month lease" then she typed in her own font oct 1st 2008- september 31st 2009 1 year.
Problem: no september 31st. only 30 days in September,
2nd mistake "tenant must give 30 days notice to vacate" then she typed in 120 next to it.
problem : lawyer doesnt know because its a month to month lease shes typed a 1 year date unto if that line means that i give 30 days notice withing 120 days of lease ending if i plan on moving, or i give 120 days notice but how would u enforce that on a month to month lease.
Various other things lease contradicts itself, what to do
I guess the lease she amended this one with was better and this one is a month to month lease, that shes typed her own stuff over. Is this a really bad lease or no big deal, or what!?
First of all there are laws on what the lease can say in the first place, landlords are restricted on how much notice they can require. No one gives 4 months notice....Why did you sign that !!! Assuming she didn't cross out 30 days or month to month, I would simply give 30 days notice and move out. I would also site and provide proof that the landlord isn't paying on the home or the services that are expected. Mail her the info certified. Move out in 30 days. Worst case the landlord keeps the deposit...that's what you have to lose. In theory the landlord can sue for the time it takes to re rent the place but this is an individual and the person sounds like a fool.
If you don't get back your deposit you either sue or let it go. If you're going to let it go, don't even worry about a 30 day notice. Dont' worry about cleaning the place. Just walk out and mail the landlord the keys. Or just don't pay rent one month and let her evict you and keep the deposit. It will take the landlord a couple months to evict you probably. Oh, final note, even if you don't pay and let her or him evict you, or simply move out before she can, be sure to put the rent in an account to pay her or him later if you get sued (worst case).
I'm sure her lease has a no sublet clause. You should check with the Clerks office to see if she is being foreclosed on and if taxes are unpaid...a note will appear on title.
Just a question: What did you think you were signing...did you agree on one year, etc?
its the landlords responsibility to make sure the lease is legally binding and fair. Clearly she didn't get it checked by a lawyer before presenting it to you. If i were you and wanted to end my lease or propose anything else you wish to do which is not clear on the lease then there is a high possibility the law will work in your favour.
If it is a condo building you can try going to the condo board(no cost).
Otherwise try to move in one month.
Or try a lawyer.
If the landlord is nice she might just fix this for you, so ask her!
Let the lawyer advise you.
I guess you best bet is to give 30 days notice and move.
my landlord has not been making their HOA payments or paying clubhouse dues, which were part of the rent and we understood that.
I went to a lawyer who found tons of errors in the lease that I overlooked, the lease is orignially a revised lease that she got to replace a lease we signed with a real estate agent that she fired.
1st mistake it says "tenant entering into a month to month lease" then she typed in her own font oct 1st 2008- september 31st 2009 1 year.
Problem: no september 31st. only 30 days in September,
2nd mistake "tenant must give 30 days notice to vacate" then she typed in 120 next to it.
problem : lawyer doesnt know because its a month to month lease shes typed a 1 year date unto if that line means that i give 30 days notice withing 120 days of lease ending if i plan on moving, or i give 120 days notice but how would u enforce that on a month to month lease.
Various other things lease contradicts itself, what to do
I guess the lease she amended this one with was better and this one is a month to month lease, that shes typed her own stuff over. Is this a really bad lease or no big deal, or what!?
First of all there are laws on what the lease can say in the first place, landlords are restricted on how much notice they can require. No one gives 4 months notice....Why did you sign that !!! Assuming she didn't cross out 30 days or month to month, I would simply give 30 days notice and move out. I would also site and provide proof that the landlord isn't paying on the home or the services that are expected. Mail her the info certified. Move out in 30 days. Worst case the landlord keeps the deposit...that's what you have to lose. In theory the landlord can sue for the time it takes to re rent the place but this is an individual and the person sounds like a fool.
If you don't get back your deposit you either sue or let it go. If you're going to let it go, don't even worry about a 30 day notice. Dont' worry about cleaning the place. Just walk out and mail the landlord the keys. Or just don't pay rent one month and let her evict you and keep the deposit. It will take the landlord a couple months to evict you probably. Oh, final note, even if you don't pay and let her or him evict you, or simply move out before she can, be sure to put the rent in an account to pay her or him later if you get sued (worst case).
I'm sure her lease has a no sublet clause. You should check with the Clerks office to see if she is being foreclosed on and if taxes are unpaid...a note will appear on title.
Just a question: What did you think you were signing...did you agree on one year, etc?
its the landlords responsibility to make sure the lease is legally binding and fair. Clearly she didn't get it checked by a lawyer before presenting it to you. If i were you and wanted to end my lease or propose anything else you wish to do which is not clear on the lease then there is a high possibility the law will work in your favour.
If it is a condo building you can try going to the condo board(no cost).
Otherwise try to move in one month.
Or try a lawyer.
If the landlord is nice she might just fix this for you, so ask her!
Let the lawyer advise you.
I guess you best bet is to give 30 days notice and move.
Help with new job? please?
okey so im 18 and i applied for a job at DQ and Party City.
i filled the application form for party city and turned it in and for DQ they didnt have application forms so i left my number with my email and name and the hours that i'll work and i wrote "as soon as possible"
how long do u think they will call me its been 2 days. should i go back to talk to the manager himself or should i wait longer?
how long do they usually take to call u?
If you turned in an actual application, you can call and ask about the status of your application. Have you checked online at the DQ website to see if they might have an online application?
Time varies for call back it can be the next day or a week. Depends on what tasks managers have in front of them and they may not have time to review your application right away. Calling never hurts. So I would do that.
i filled the application form for party city and turned it in and for DQ they didnt have application forms so i left my number with my email and name and the hours that i'll work and i wrote "as soon as possible"
how long do u think they will call me its been 2 days. should i go back to talk to the manager himself or should i wait longer?
how long do they usually take to call u?
If you turned in an actual application, you can call and ask about the status of your application. Have you checked online at the DQ website to see if they might have an online application?
Time varies for call back it can be the next day or a week. Depends on what tasks managers have in front of them and they may not have time to review your application right away. Calling never hurts. So I would do that.
How do i find gross private domestic investment?
Personal consumption expenditures 245
net foreign factor income 4
transfer payments 12
rents 14
statistical discrepancy 8
consumption of fixed capital 27
social security contributions 20
interest 13
proprietors income 33
net exports 11
dividends 16
compensation of employees 223
taxes on production and imports 18
undistributed corporate profits 21
personal taxes 26
corporate income taxes 19
corporate profits 56
government purchases 72
net private domestic investment 33
personal saving 20
haha, I think you are in the same class I am with zitka
edit: o, well we have the same problem. Just add consumption of fixed capital to net private domestic investment.
net foreign factor income 4
transfer payments 12
rents 14
statistical discrepancy 8
consumption of fixed capital 27
social security contributions 20
interest 13
proprietors income 33
net exports 11
dividends 16
compensation of employees 223
taxes on production and imports 18
undistributed corporate profits 21
personal taxes 26
corporate income taxes 19
corporate profits 56
government purchases 72
net private domestic investment 33
personal saving 20
haha, I think you are in the same class I am with zitka
edit: o, well we have the same problem. Just add consumption of fixed capital to net private domestic investment.
Found out my lease is month to month and a one year, help!?
Really bad lease! just realized went to lawyer, its a month to month and a one year!?
my landlord has not been making their HOA payments or paying clubhouse dues, which were part of the rent and we understood that.
I went to a lawyer who found tons of errors in the lease that I overlooked, the lease is orignially a revised lease that she got to replace a lease we signed with a real estate agent that she fired.
1st mistake it says "tenant entering into a month to month lease" then she typed in her own font oct 1st 2008- september 31st 2009 1 year.
Problem: no september 31st. only 30 days in September,
2nd mistake "tenant must give 30 days notice to vacate" then she typed in 120 next to it.
problem : lawyer doesnt know because its a month to month lease shes typed a 1 year date unto if that line means that i give 30 days notice withing 120 days of lease ending if i plan on moving, or i give 120 days notice but how would u enforce that on a month to month lease.
Various other things lease contradicts itself, what to do
I guess the lease she amended this one with was better and this one is a month to month lease, that shes typed her own stuff over. Is this a really bad lease or no big deal, or what!?
Most initial leases are one year, and then continue in a month to month lease.
The best thing to do would be to go to her for clarification, and a better written lease.
The phrase "oct 1st 2008- september 31st 2009 1 year" means the person who typed it intended for it to be for the one year period that begins on October 1, 2008 and ends at the end of September 2009 (in other words, on September 30, 2009). I suppose that another possible interpretation is that it is supposed to end 30 days after September 1, in other words, on October 1.
why are you asking here if you consulted an attorney, methinks you are doing your own interpretation
my landlord has not been making their HOA payments or paying clubhouse dues, which were part of the rent and we understood that.
I went to a lawyer who found tons of errors in the lease that I overlooked, the lease is orignially a revised lease that she got to replace a lease we signed with a real estate agent that she fired.
1st mistake it says "tenant entering into a month to month lease" then she typed in her own font oct 1st 2008- september 31st 2009 1 year.
Problem: no september 31st. only 30 days in September,
2nd mistake "tenant must give 30 days notice to vacate" then she typed in 120 next to it.
problem : lawyer doesnt know because its a month to month lease shes typed a 1 year date unto if that line means that i give 30 days notice withing 120 days of lease ending if i plan on moving, or i give 120 days notice but how would u enforce that on a month to month lease.
Various other things lease contradicts itself, what to do
I guess the lease she amended this one with was better and this one is a month to month lease, that shes typed her own stuff over. Is this a really bad lease or no big deal, or what!?
Most initial leases are one year, and then continue in a month to month lease.
The best thing to do would be to go to her for clarification, and a better written lease.
The phrase "oct 1st 2008- september 31st 2009 1 year" means the person who typed it intended for it to be for the one year period that begins on October 1, 2008 and ends at the end of September 2009 (in other words, on September 30, 2009). I suppose that another possible interpretation is that it is supposed to end 30 days after September 1, in other words, on October 1.
why are you asking here if you consulted an attorney, methinks you are doing your own interpretation
Made an offer on a house and they countered with this...?
We're first time buyers and this whole thing is new to us...bear with me.
The asking price for this 3 bedroom, 2 bathroom home near Fort Bragg, NC is $129,700 (price has been reduced and was previously $134,900).
My husband and I offered $125,000 with the seller paying all closing costs, seller paying for a one year home warranty, and seller agreed to a few other minor things like having home professionally cleaned and yard raked.
The seller came back with a counter offer and agreed to everything except the price of the home. He wants $129,000...$700 less than the asking price.
Our realtor is telling us that the seller is firm on his price and not much for negotiating. We do, however, have the VA loan which could help us out. If we accept for $129,000 but the home is appraised at a lower amount, he wouldn't be able to sell it to us for over the appraised amount (or to anyone else trying to use a VA loan over the next 6 months). So we could end up paying $129,000 if the house is appraised at $129,000 or more, or less than that if its appraised for less.
So, would you accept the counter offer he made or try to make another counter offer?
We really want the house
If you think it is worth 129,000, then you should offer that.
I am surprised he won't take lower offer as it is a bad time to sell. Maybe he is bluffing, if he knows you love the house. In that case wait a week or 2 and he will see no other buyer. That is advantage to you.
If you really want the house , and the seller said his offer is firm.. then Pay the 129!
why would you lose the deal over $4,000 ? Over a 30 year term mortgage that is NOTHING.
Besides, you already said that the house was previously 134,900. You are ALREADY getting a DEAL, PLUS they are paying the closing costs and having one year warranty AND EVEN CLEANING IT ??? How greedy can you get?
you need to understand that he didn't "just" come down 700. The closing costs, repairs and professional cleaning cost money also.
Plus he has already lowered the price from 134,900. I have no idea if this is a good deal or not. At 129,900 (or even 134,900) if could be a great deal.
If you want the house, it seems fair to me.
I would take the offer with the contract contingent upon appraisal being at or below sell price. The seller has really been generous in their counter and I think it's worth it. This contingency should clear up your conscience.
Good Luck!
yogi is right but you can counter again at $127,000 if you wish
Sounds like you offered 125 because you think that's what it will appraise for. Well, in that case you should offer much less if it's worth 125, don't offer 125. Remember, you only need to buy one home, and there are thousands for sale near Ft Bragg, always be willing to walk away and always know the makret so you know when you have a good deal.
It sounds like you offered less and asked him for more stuff but didn't offer him anything special. If you have an approved loan and only need an appraisal and an inspection, simply offer to close the home before the next mortagage for the seller is due. Further, consider having the home inspected very fast and have a short period to back out, like 5 days. In order for this to work offer a small deposit. Smallest deposit you can like $500 and be sure this is the home you want!
BTW have you considered using the NAVY FCU to mortgage the loan (you can be a member because you qualify for VA loan)? They have real good loans that are no down and low interest and you'll cut out the VA and some of their stifling rules.
The realtor's job is to get you to pay the most he thinks you might pay. He may be telling you the truth, that the seller may be willing to wait till hell freezes rather than go down to your price.
Your proposal should likely be to pay the va appraisal with the building as is, because that is what va appraisal is based on.
If you want more, like a warranty, expect to pay that cost.
Do not add costs that will always end up being on your mortgage unless those costs are needed for building stability.
For instance if the building needs a new roof, get that added to the mortgage, but not professional cleaning that you can do. If there is a need to have the furnace repaired now, yes get it done and on mortgage. But if it will last 5 more years, you may be wise to avoid the expenditure now.
Your comments make it sound as if you think the seller only came off his price by $700, but the seller is also paying your closing costs- and that is several thousand. To the seller that is exactly the same as a reduction in price.
The judgment as to if $129,900 is a market value should be based on comparing this house to recent similar sales. Your agent should be able to help you there- if you have looked at a number of houses you have probably compared them in your on mind and found this house a good deal.
The asking price for this 3 bedroom, 2 bathroom home near Fort Bragg, NC is $129,700 (price has been reduced and was previously $134,900).
My husband and I offered $125,000 with the seller paying all closing costs, seller paying for a one year home warranty, and seller agreed to a few other minor things like having home professionally cleaned and yard raked.
The seller came back with a counter offer and agreed to everything except the price of the home. He wants $129,000...$700 less than the asking price.
Our realtor is telling us that the seller is firm on his price and not much for negotiating. We do, however, have the VA loan which could help us out. If we accept for $129,000 but the home is appraised at a lower amount, he wouldn't be able to sell it to us for over the appraised amount (or to anyone else trying to use a VA loan over the next 6 months). So we could end up paying $129,000 if the house is appraised at $129,000 or more, or less than that if its appraised for less.
So, would you accept the counter offer he made or try to make another counter offer?
We really want the house
If you think it is worth 129,000, then you should offer that.
I am surprised he won't take lower offer as it is a bad time to sell. Maybe he is bluffing, if he knows you love the house. In that case wait a week or 2 and he will see no other buyer. That is advantage to you.
If you really want the house , and the seller said his offer is firm.. then Pay the 129!
why would you lose the deal over $4,000 ? Over a 30 year term mortgage that is NOTHING.
Besides, you already said that the house was previously 134,900. You are ALREADY getting a DEAL, PLUS they are paying the closing costs and having one year warranty AND EVEN CLEANING IT ??? How greedy can you get?
you need to understand that he didn't "just" come down 700. The closing costs, repairs and professional cleaning cost money also.
Plus he has already lowered the price from 134,900. I have no idea if this is a good deal or not. At 129,900 (or even 134,900) if could be a great deal.
If you want the house, it seems fair to me.
I would take the offer with the contract contingent upon appraisal being at or below sell price. The seller has really been generous in their counter and I think it's worth it. This contingency should clear up your conscience.
Good Luck!
yogi is right but you can counter again at $127,000 if you wish
Sounds like you offered 125 because you think that's what it will appraise for. Well, in that case you should offer much less if it's worth 125, don't offer 125. Remember, you only need to buy one home, and there are thousands for sale near Ft Bragg, always be willing to walk away and always know the makret so you know when you have a good deal.
It sounds like you offered less and asked him for more stuff but didn't offer him anything special. If you have an approved loan and only need an appraisal and an inspection, simply offer to close the home before the next mortagage for the seller is due. Further, consider having the home inspected very fast and have a short period to back out, like 5 days. In order for this to work offer a small deposit. Smallest deposit you can like $500 and be sure this is the home you want!
BTW have you considered using the NAVY FCU to mortgage the loan (you can be a member because you qualify for VA loan)? They have real good loans that are no down and low interest and you'll cut out the VA and some of their stifling rules.
The realtor's job is to get you to pay the most he thinks you might pay. He may be telling you the truth, that the seller may be willing to wait till hell freezes rather than go down to your price.
Your proposal should likely be to pay the va appraisal with the building as is, because that is what va appraisal is based on.
If you want more, like a warranty, expect to pay that cost.
Do not add costs that will always end up being on your mortgage unless those costs are needed for building stability.
For instance if the building needs a new roof, get that added to the mortgage, but not professional cleaning that you can do. If there is a need to have the furnace repaired now, yes get it done and on mortgage. But if it will last 5 more years, you may be wise to avoid the expenditure now.
Your comments make it sound as if you think the seller only came off his price by $700, but the seller is also paying your closing costs- and that is several thousand. To the seller that is exactly the same as a reduction in price.
The judgment as to if $129,900 is a market value should be based on comparing this house to recent similar sales. Your agent should be able to help you there- if you have looked at a number of houses you have probably compared them in your on mind and found this house a good deal.
How much would you pay for this house... It is a 3/2 - 1,338 SF with...?
Built in 1999 with .40 acres of land, an above ground pool, hot tub, and outside patio area. In sunny and warm Florida, so you get a lot of use out of it.
Good condition, just need to re-paint the maroon paint that it has now to a more neutral color. Inspection came back perfect.
An hour away from the beach, 2 minutes from the mall/shopping. 15 minutes away from work. The area of town with hardly any traffic.
The neighbors are about 20 yards away on each side of the house.
So just based on this, how much do you think this house is worth? Or how much would you pay for it?
If it was in my town then about $155,000. Don't know your town.
This is so hard to say unless people are from Florida. I'm from Mass, that house would go for probably 350,000 here...I don't know about Florida. Your best bet is to talk to a realtor.
Good condition, just need to re-paint the maroon paint that it has now to a more neutral color. Inspection came back perfect.
An hour away from the beach, 2 minutes from the mall/shopping. 15 minutes away from work. The area of town with hardly any traffic.
The neighbors are about 20 yards away on each side of the house.
So just based on this, how much do you think this house is worth? Or how much would you pay for it?
If it was in my town then about $155,000. Don't know your town.
This is so hard to say unless people are from Florida. I'm from Mass, that house would go for probably 350,000 here...I don't know about Florida. Your best bet is to talk to a realtor.
Are the SSI monthly deposits taxable income?
SSI is not taxable income. This income is not based on any of your contributions to the Social Security program through employment.
Sharon Pierce, HRB Sr Tax Advisor V
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
Yes! SSI (or SSA) monthly deposits are taxable income for the adult, but not for the child support provided to dependents of the adult. However, you may not be getting enough income to owe a tax. If your spouse is working, and you file a joint return, then you may find up to 85% of the amount of the SSI payments to be taxable.
On the 1040 form of 2008, the income is claimed on line 20a, with the taxable amount placed on line 20b. This, added with other income (maybe from your spouse or interest payments) makes up the total AGI put on line 37.
To compute the taxable portion on line 20b, you%26#039;ll need to use the Social Security Benefits Worksheet. Lines 15 and 17 of the worksheet will ensure that no more than 85% of the benefit is taxed.
If you are single, the first $25,000 of income will be tax free. If you%26#039;re married, the first $32,000 will be tax free. But, this amount is only in relation to the SSA income and is not inclusive of seperate income reported beyond the worksheet.
SSI isn%26#039;t taxed or reported. It%26#039;s a form of welfare, and is different from social security retirement or ss disability. SS can be partially taxable depending on what other income you have. If ss is your only income it isn%26#039;t taxable.
SSI monthly checks so far are not taxable -- however the tax code has been changed and now part of the Social Security monthly checks are considered taxable income.
actually, yes they can be. but only if you get over a certain amount in a year. i beliieve its over $30,000/year . but im pretty sure anything under that is not taxable
no
%0D%0A
Sharon Pierce, HRB Sr Tax Advisor V
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
Yes! SSI (or SSA) monthly deposits are taxable income for the adult, but not for the child support provided to dependents of the adult. However, you may not be getting enough income to owe a tax. If your spouse is working, and you file a joint return, then you may find up to 85% of the amount of the SSI payments to be taxable.
On the 1040 form of 2008, the income is claimed on line 20a, with the taxable amount placed on line 20b. This, added with other income (maybe from your spouse or interest payments) makes up the total AGI put on line 37.
To compute the taxable portion on line 20b, you%26#039;ll need to use the Social Security Benefits Worksheet. Lines 15 and 17 of the worksheet will ensure that no more than 85% of the benefit is taxed.
If you are single, the first $25,000 of income will be tax free. If you%26#039;re married, the first $32,000 will be tax free. But, this amount is only in relation to the SSA income and is not inclusive of seperate income reported beyond the worksheet.
SSI isn%26#039;t taxed or reported. It%26#039;s a form of welfare, and is different from social security retirement or ss disability. SS can be partially taxable depending on what other income you have. If ss is your only income it isn%26#039;t taxable.
SSI monthly checks so far are not taxable -- however the tax code has been changed and now part of the Social Security monthly checks are considered taxable income.
actually, yes they can be. but only if you get over a certain amount in a year. i beliieve its over $30,000/year . but im pretty sure anything under that is not taxable
no
%0D%0A
Why are the Dairy Queen commercials so Gay?
the ones with the mouth that walks around and starts saying nonsense stuff.
the president of the company is a 12 year old gay boy
Gay ad agency writers?
Low budget
the president of the company is a 12 year old gay boy
Gay ad agency writers?
Low budget
Do i need a permit or anything like that to sell cosmetics online?
i want to sell things like soaps, lotions, lip balms and stuff like that online, do i need a license or permit to do so
PS i have my own stuff to sell, i dont want to sell anything that comes from mary kay or avon
no you dont
PS i have my own stuff to sell, i dont want to sell anything that comes from mary kay or avon
no you dont
I think I am going to be fired. Anything I can do?
I am a good worker, I have never been late (usually 30m early) and work all day long while everyone else slacks off and plays on the internet. I have never had any formal discipline for anything at my office. Over the past week, I have over heard comments about me getting fired even yesterday I heard one of my managers asking why the other hasn't done it yet. Since I was catching onto the hole ordeal, I asked my boss if my job was in a stable condition and he said it was he told me YES! Then today I get an email saying they no longer need my position. Is this legal? To offer false security of a stable position then fire the NEXT day?
Is this legal? Yes.
In fact, managers are told to keep silent until all the HR paperwork is in place to give you the news. You could be buying a house, making a deposit on a big vacation, or otherwise making a big financial commitment all while asking your boss if your job is secure.... and they would be required to tell you all is okay while knowing the very next day they are going to lay you off.
I imagine you think this is hard on you. But, I can assure you, it's a moral delima the manager must live with the rest of their life. A decade later, and the knowledge that you had to axe someone's life stays with them.
Is this legal? Yes.
In fact, managers are told to keep silent until all the HR paperwork is in place to give you the news. You could be buying a house, making a deposit on a big vacation, or otherwise making a big financial commitment all while asking your boss if your job is secure.... and they would be required to tell you all is okay while knowing the very next day they are going to lay you off.
I imagine you think this is hard on you. But, I can assure you, it's a moral delima the manager must live with the rest of their life. A decade later, and the knowledge that you had to axe someone's life stays with them.
How do you get the most out of your office assistant?
Now i have one office assist and she does do work but after a while she has no work to do and i am paying her to drink coffee. How can i utalise her time so she is doing work most of the time btw she works 10 -3 mon - fri
Hi Ross,
How r you doing buddy? I had told you already about getting work done from your assistant now that you have already got an assistant so organise a chart for her and ask her to check the boxes and report you make a chart where you can get your work done whatever it is now read the full answer from here:
Make a chart which has lot of work if she cannot complete that means it was beyond her limit. But check how much work was remaining if it was 20% continue on that chart she will get used to it.If its more than this than reduce the work and observe for 15 days or so again dont look for 100% completion she must have some pending work to start with the next day in the earlier stage.She will keep on getting comfortable and will have enough work now if she finishes off her work early after sometime dont get a negative thinking be a good Boss and dont Boss around.If you find her troubled or disturbed for much time reduce the work dont exploit or be selfish.Thats not our style.Put her in an easy position where she enjoys work and not consider as a burden.remember deal fairly with your employees they will give u their best.
First of all, don%26#039;t assume she%26#039;s slacking off - it sounds like you%26#039;re not delegating effectively. She is a good assistant if she is getting her work done - she just needs to speak up %26amp; ask what else she can do when she%26#039;s finished. Don%26#039;t just assume she can%26#039;t handle more involved projects or tasks without asking her. If you don%26#039;t have anything she can work on, then ask someone else in the office if they%26#039;ve got something they need help on that she can do when she%26#039;s not busy with your stuff.
I have never sat around drinking coffee while at work. I can always find something to file, organize, update phone book, notes, clean, dust. Research other competing companies and get statistics. Have her write up a detailed description of her job. Purge files. You have not given any details to the type of job it is so I can%26#039;t be specific.
%0D%0A
Hi Ross,
How r you doing buddy? I had told you already about getting work done from your assistant now that you have already got an assistant so organise a chart for her and ask her to check the boxes and report you make a chart where you can get your work done whatever it is now read the full answer from here:
Make a chart which has lot of work if she cannot complete that means it was beyond her limit. But check how much work was remaining if it was 20% continue on that chart she will get used to it.If its more than this than reduce the work and observe for 15 days or so again dont look for 100% completion she must have some pending work to start with the next day in the earlier stage.She will keep on getting comfortable and will have enough work now if she finishes off her work early after sometime dont get a negative thinking be a good Boss and dont Boss around.If you find her troubled or disturbed for much time reduce the work dont exploit or be selfish.Thats not our style.Put her in an easy position where she enjoys work and not consider as a burden.remember deal fairly with your employees they will give u their best.
First of all, don%26#039;t assume she%26#039;s slacking off - it sounds like you%26#039;re not delegating effectively. She is a good assistant if she is getting her work done - she just needs to speak up %26amp; ask what else she can do when she%26#039;s finished. Don%26#039;t just assume she can%26#039;t handle more involved projects or tasks without asking her. If you don%26#039;t have anything she can work on, then ask someone else in the office if they%26#039;ve got something they need help on that she can do when she%26#039;s not busy with your stuff.
I have never sat around drinking coffee while at work. I can always find something to file, organize, update phone book, notes, clean, dust. Research other competing companies and get statistics. Have her write up a detailed description of her job. Purge files. You have not given any details to the type of job it is so I can%26#039;t be specific.
%0D%0A
How can i get rid of all this debt?
all together i have 28k in med bills from 2 yrs ago i just got a job working min wage so i dont make enough to pay them off and i want to
so i was reading my credit report and it said account closed idk what that means and i havnt gotin any bills in mos should i write them ask to lower the bal due what should i do i could afford about 200 a mo to pay them off but that would take yrs
Just because an account has been closed doesn't mean you don't still owe money on it - it just means you aren't charging anything more to that account.
Call the medical company that you owe the money to. Ask to speak to their billing department. Explain that you have this debt, and you would like to pay it off, but you simply don't have the resources to do so. Ask if they would be willing to "forgive" part of the debt, or only bill you for certain parts (like charging you for Xrays but not the surgery).
Also, go to your local library and check the personal finance section. There are some great books there on how to manage debt. Suze Orman, David Bach, and David Ramsey all give simple, practical, inspirational advice.
Be careful with not paying.
This will show on your reports as not paid.
You will have trouble getting a job - because employers check, and statistics show that financially responsible people make better employees, and debtors don't stay on the job and steal to pay bills.
You will pay more for car insurance.
You will have a bit of troubles getting an apartment.
You will not be able to get so much as a cell phone, unless its prepay.
No car financing, and no house for a while.
/
File for bankruptcy... Or do what I do. don't ever pay a cent if you cant pay it all back NO MATTER WHAT THEY TELL YOU!! (there is no such thing as a debtors prison, they cant put you in jail).. get used to living without a credit card, most Americans are doing just that...
so i was reading my credit report and it said account closed idk what that means and i havnt gotin any bills in mos should i write them ask to lower the bal due what should i do i could afford about 200 a mo to pay them off but that would take yrs
Just because an account has been closed doesn't mean you don't still owe money on it - it just means you aren't charging anything more to that account.
Call the medical company that you owe the money to. Ask to speak to their billing department. Explain that you have this debt, and you would like to pay it off, but you simply don't have the resources to do so. Ask if they would be willing to "forgive" part of the debt, or only bill you for certain parts (like charging you for Xrays but not the surgery).
Also, go to your local library and check the personal finance section. There are some great books there on how to manage debt. Suze Orman, David Bach, and David Ramsey all give simple, practical, inspirational advice.
Be careful with not paying.
This will show on your reports as not paid.
You will have trouble getting a job - because employers check, and statistics show that financially responsible people make better employees, and debtors don't stay on the job and steal to pay bills.
You will pay more for car insurance.
You will have a bit of troubles getting an apartment.
You will not be able to get so much as a cell phone, unless its prepay.
No car financing, and no house for a while.
/
File for bankruptcy... Or do what I do. don't ever pay a cent if you cant pay it all back NO MATTER WHAT THEY TELL YOU!! (there is no such thing as a debtors prison, they cant put you in jail).. get used to living without a credit card, most Americans are doing just that...
$900 Australian tax bonus.Is it for overseas student?
Hi there
I am an overseas student who has been living and working in 3 years.I am Australian resident for tax purposes.
I earn around 11K so I always get my tax return in full. Am i eligible for $900 tax bonus?
Please answer it from reliable source
thanks
hey yup
You do qualify, as you are a resident for tax purposes. I am in th same boat so i did research on the immigration website:
You are eligible to receive the payment if:
* your 2007-08 taxable income does not exceed $100,000
* your adjusted tax liability for 2007-08 is greater than zero (that is, you paid tax)
* you lodge your 2007-08 tax return by 30 June 2009 or by the deferred date granted to you by the Tax Office, and
* you were an Australian resident for tax purposes during the 2007-08 financial year.
I is the 2-point thief, come to claim your points! bwahahaha
I am an overseas student who has been living and working in 3 years.I am Australian resident for tax purposes.
I earn around 11K so I always get my tax return in full. Am i eligible for $900 tax bonus?
Please answer it from reliable source
thanks
hey yup
You do qualify, as you are a resident for tax purposes. I am in th same boat so i did research on the immigration website:
You are eligible to receive the payment if:
* your 2007-08 taxable income does not exceed $100,000
* your adjusted tax liability for 2007-08 is greater than zero (that is, you paid tax)
* you lodge your 2007-08 tax return by 30 June 2009 or by the deferred date granted to you by the Tax Office, and
* you were an Australian resident for tax purposes during the 2007-08 financial year.
I is the 2-point thief, come to claim your points! bwahahaha
Cortez, Inc Accounting help please!!?
Cortez Inc Accounting Question?
Cortez INC. income statement assistance?
2003 2004 2005
Net sales $370,000 $425,000 $412,500
Operating expenses 232,500 260,000 245,500
Income from continuing operations $137,500 $165,000 $167,000
Loss on discontinued segment (52,500) - -
Income before extraordinary items $85,000 $165,000 $167,000
Extraordinary gain (loss) - 33,000 (70,000)
Net income $85,000 $198,000 $97,000
Changes in number of outstanding shares:
Outstanding shares on December 31, 2002 40,000
2003:
Treasury stock purchase on April 1 (4,000)
Issuance of new shares on June 30 12,000
10% stock dividend on October 1 4,800
Outstanding shares on December 31, 2003 52,800
2004:
Issuance of new shares on July 1 16,000
Treasury stock purchase on November 1 (4,800)
Outstanding shares on December 31, 2004 64,000
2005:
Issuance of new shares on August 1 20,000
Treasury stock purchase on September 1 (4,000)
Three-for-one split on October 1 160,000
Outstanding shares on December 31, 2005 240,000
Check figures:
(1) Shares $47,300
(2) EPS 2
(3) Shares 60,000
(4) EPS 3
I%26#039;ve sent the Excel file to that address you gave me.
%0D%0A
Cortez INC. income statement assistance?
2003 2004 2005
Net sales $370,000 $425,000 $412,500
Operating expenses 232,500 260,000 245,500
Income from continuing operations $137,500 $165,000 $167,000
Loss on discontinued segment (52,500) - -
Income before extraordinary items $85,000 $165,000 $167,000
Extraordinary gain (loss) - 33,000 (70,000)
Net income $85,000 $198,000 $97,000
Changes in number of outstanding shares:
Outstanding shares on December 31, 2002 40,000
2003:
Treasury stock purchase on April 1 (4,000)
Issuance of new shares on June 30 12,000
10% stock dividend on October 1 4,800
Outstanding shares on December 31, 2003 52,800
2004:
Issuance of new shares on July 1 16,000
Treasury stock purchase on November 1 (4,800)
Outstanding shares on December 31, 2004 64,000
2005:
Issuance of new shares on August 1 20,000
Treasury stock purchase on September 1 (4,000)
Three-for-one split on October 1 160,000
Outstanding shares on December 31, 2005 240,000
Check figures:
(1) Shares $47,300
(2) EPS 2
(3) Shares 60,000
(4) EPS 3
I%26#039;ve sent the Excel file to that address you gave me.
%0D%0A
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