• Can one live on SS alone in retirement?

    My mom lives on about 25k a year now and does fine. No mortgage or car. I found out she only has 8k for retirement saved at 56. Will she be ok
    My mom lives on about 25k a year now and does fine. No mortgage or car. I found out she only has 8k for retirement saved at 56. Will she be ok
    9 answers · 17 hours ago
  • What are some luxury items I should buy?

    I'm 16, and I've recently come into a lot of extra money, $27,000 to be exact. I'll be earning about $3,000 a week also. I used to want money, but now that I have it, I don't know what to buy. What are some luxury items I should buy for myself and friends? I don't know what to do with this... show more
    I'm 16, and I've recently come into a lot of extra money, $27,000 to be exact. I'll be earning about $3,000 a week also. I used to want money, but now that I have it, I don't know what to buy. What are some luxury items I should buy for myself and friends? I don't know what to do with this money. I'm going to save most of it, but I'd like to go on a bit of a shopping spree first.
    13 answers · 2 days ago
  • How much do you have left at the end of the month after all your bills are paid?

    Best answer: Start with $100 per pay. If you still have too much, add to it. My wife and i started at $15 per pay back in 1973. Within 5 years we were putting away $800 per pay. When you have about $50,000 put away, start to invest in fixed annunities. It might only pay 3 or 4% but you can't lose a dime. No, it's not... show more
    Best answer: Start with $100 per pay. If you still have too much, add to it. My wife and i started at $15 per pay back in 1973. Within 5 years we were putting away $800 per pay. When you have about $50,000 put away, start to invest in fixed annunities. It might only pay 3 or 4% but you can't lose a dime. No, it's not insured by FDIC . Start with $25,000
    8 answers · 22 hours ago
  • Could I move out and live comfortably?

    At my job I make $9/1hr which I know isn't a lot but after months of looking it was the only job that reached out to me so I took it. I'm not happy in my current living situation and I'm thinking about moving out. I know it'll be a while before I really can because I don't have nearly as much... show more
    At my job I make $9/1hr which I know isn't a lot but after months of looking it was the only job that reached out to me so I took it. I'm not happy in my current living situation and I'm thinking about moving out. I know it'll be a while before I really can because I don't have nearly as much money as I'll need but is it possible with my salery? How much would I need to save up? I don't even know where to start.
    8 answers · 1 day ago
  • Grocery store over charged me $2,00 because the cashier scanned an item twice. Should I go back and get my $2?

    Best answer: Call the store right away and let them know, and make sure they have your name. They should be willing to refund you the next time you go in at your own convenience, within reason. keep the slip.
    Best answer: Call the store right away and let them know, and make sure they have your name. They should be willing to refund you the next time you go in at your own convenience, within reason. keep the slip.
    8 answers · 2 days ago
  • Can you withdraw more funds in bank atm than the ones you have ?

    Say u have 30$ but u need 40$ will the bank let u get them out. Or will it charge u that fee
    Say u have 30$ but u need 40$ will the bank let u get them out. Or will it charge u that fee
    10 answers · 3 days ago
  • Going from a 2-income down to a 1-income family without cutting expenses?

    Combined there's $95,000 in student loan debt. $40,000 in CC debt And $35,000 in Auto financing debt Plus a checking account balance that overdrafts twice a week and a slowly climbing CC debt In that situation, the Dad of house earns $75K working a full time office job The mom of house was earning a much... show more
    Combined there's $95,000 in student loan debt. $40,000 in CC debt And $35,000 in Auto financing debt Plus a checking account balance that overdrafts twice a week and a slowly climbing CC debt In that situation, the Dad of house earns $75K working a full time office job The mom of house was earning a much needed $40K but then one day the mom said "I honestly want to be a full time stay-at-home mom why won't you let me? All my friends are stay-at-home moms" No it's not fair for me to cut expenses for this . And yet you can't pay the bills and rent and interest on CC debt on one income What do you do?
    23 answers · 6 days ago
  • Withdrawing from IRA for down payment on a house?

    So I am closing on my first house in two weeks. I plan on doing minor improvements to the home, and though I don t NEED to use money from my IRA, it would be money much better invested in home equity than earning pennies each month, and I m still 30 years from being able to use it tax free. My question is, is... show more
    So I am closing on my first house in two weeks. I plan on doing minor improvements to the home, and though I don t NEED to use money from my IRA, it would be money much better invested in home equity than earning pennies each month, and I m still 30 years from being able to use it tax free. My question is, is having the bank write a check to the mortgage lender the only surefire way to ensure I m not going to be at risk when I do my taxes next year, or can I simply withdraw the money, put it in the savings account my down payment/closing costs are coming out of, and save the withdrawal/deposit/down payment transaction receipts in case I am audited? I m getting closing costs paid back to me by the seller, and would the IRS allow me to spend that on home improvements or put it back in the IRA, since the closing costs reimbursement/IRA withdrawal would be very similar amounts?
    7 answers · 2 days ago
  • What all information does a sugar daddy need to transfer money into your account ?

    This sugar daddy wants to transfer money too me which I am okay with and if I give him my bank name, the routing number and my account ID number, the same two things needed on venmo I should be safe right? (Im using a sugar daddy to pay for my books in college if you re wondering, med school is expensive)
    This sugar daddy wants to transfer money too me which I am okay with and if I give him my bank name, the routing number and my account ID number, the same two things needed on venmo I should be safe right? (Im using a sugar daddy to pay for my books in college if you re wondering, med school is expensive)
    6 answers · 2 days ago
  • Will I be approved for a mortgage?

    Between ages 20-22 I was £1500 into my overdraft, overdrawn up to £150 every month on top of that and had around 4 payday loans all in arrears. I'm now 22, I've set up direct debits and slowly paying/paid my loans off. I'm putting most of my wages into paying off my overdraft and I'm now paying my... show more
    Between ages 20-22 I was £1500 into my overdraft, overdrawn up to £150 every month on top of that and had around 4 payday loans all in arrears. I'm now 22, I've set up direct debits and slowly paying/paid my loans off. I'm putting most of my wages into paying off my overdraft and I'm now paying my monthly bills (tv license) etc on time. Basically I got into a mess and I'm slowly sorting it out. Will i ever be able to get a mortgage? how soon? how likely? please help I've always wanted my own home for a family
    14 answers · 5 days ago
  • What would happen if you borrow student loan and you don't pay any of it back?

    Best answer: Lots of bad things. It starts with harassing phone calls and mail notices. If you ignore these, the loan company can go to court and garnish any wages you get (meaning they get the money instead). Your credit will be ruined, so if you try to take out any loan, such as a car loan, you'll be rejected. Anyone... show more
    Best answer: Lots of bad things. It starts with harassing phone calls and mail notices. If you ignore these, the loan company can go to court and garnish any wages you get (meaning they get the money instead). Your credit will be ruined, so if you try to take out any loan, such as a car loan, you'll be rejected. Anyone checking your credit, such as a prospective employer, will not hire you. And because you are not making payments, the interest on the loan will keep growing, making your debt greater and greater.
    12 answers · 4 days ago
  • Would this give me the maximum social security benefits?

    My goal is to get the most money for my social security benefits. Assume my social security benefit will be $1000 per month at age 67 and $700 per month at age 62 and that I can earn 6 percent interest on my investments. There are several low risk investments that pay that kind of return in my area. Secondary... show more
    My goal is to get the most money for my social security benefits. Assume my social security benefit will be $1000 per month at age 67 and $700 per month at age 62 and that I can earn 6 percent interest on my investments. There are several low risk investments that pay that kind of return in my area. Secondary Market Annuities for example. If I decide to start taking benefits at age 62 I will get 60 checks before I would, if I started taking benefits at age 67. I invest each of these $700 checks so when I reach age 67 I will have $56,700 from my checks and interest and a monthly income of $283 from the investment of these 60 checks. When I reach age 67 I will start getting 2 checks. $700 Social Security and $283 from my investments for a total of $983 which is almost what I would be getting if I waited until age 67 to start getting my social security benefits. Lets say I die at age 85. My social security checks stop. But what happens to the income from my first 60 social security checks that I have invested? These checks continue and my spouse or children or grandchildren can receive this income. What happens when they die. Their children or grandchildren will receive the income from my first 60 social security checks. I have created an income stream from my social security benefits that will go on FOREVER. Wouldn’t this give me the maximum benefits from Social Security?
    4 answers · 2 hours ago
  • Can Money Buy Happiness?

    224 answers · 2 weeks ago
  • Whom would one go to about immoral banking practice's in Ontario Canada?

    Not to go to big into details, but a certain BMO branch has been doing business pretty awful in my experience, both times ended up costing ME extra based on the information that they had provided me. In short, one representative (a finance services manager) had informed me to do something with a loan I had, which... show more
    Not to go to big into details, but a certain BMO branch has been doing business pretty awful in my experience, both times ended up costing ME extra based on the information that they had provided me. In short, one representative (a finance services manager) had informed me to do something with a loan I had, which ended up biting me in the @$$ a month later with extra fees and a hit on my credit score. Another representative, just a financial advisor 9 months after, had informed me of my new options I could take with said loan, and again, this will bite me in the @$$ come my next bill (so I was told by the branch manager). So clearly they are misinformed, incapable, or just misknowledged in the field they are in. Having TWO representatives both give me incorrect information about one product either shows the lack of training, morals, practice's, or all of the above. So who would one go to as to report a branch, maybe for an audit or something within BMO themselves to say 'hey, this branch is probably making BMO look absolutely horrible to their customers, check out everyone's qualifications and maybe retrain them'. To be clear, both instances will cost me money based on the information I was given, as will my credit score be affected based on said information. So who do I go to? And YES! I am going to talk to TD to try and get it switched over! I am getting out of BMO as soon as possible!
    6 answers · 2 days ago
  • What is a 401k in layman's terms?

    4 answers · 20 hours ago
  • What is the best bank to use for like checking and savings accounts?

    Which ones have the lowest fees?
    Which ones have the lowest fees?
    6 answers · 3 days ago