Personal Finance & Money Weekly Newsletter - Thursday, October 30, 2014

Personal Finance & Money newsletter

Top new questions this week: How should my daughter give me money. Do I need to report it? I am from TEXAS. My daughter wants to give me about $13,000. What is the legal way of getting that money and do I need to report it on my income tax? My state does not have state income tax, only ... income-tax gift-tax gifts texas   asked by user206168 8 votes answered by Dilip Sarwate 23 votes Why is a Roth 401(k) good if there is a long time before retirement? This article from Fidelity mentions that the longer you have before retirement, the more likely it is that you should choose a Roth 401(k) over a traditional 401(k). This point is mentioned ... united-states taxes 401k retirement   asked by Daniel 8 votes answered by David Rice 9 votes How high should I set my KickStarter funding goal in order to have $35,000 left over? I'm creating a KickStarter to raise enough funds to take 3 months off from my full-time job and finish an iOS game that I've been working on for about 3 years now. Put simply, all I need is about ... united-states taxes small-business california crowdfunding   asked by baptzmoffire 6 votes answered by NL7 4 votes Not paying cash for a house It is a common opinion that a person should not buy a house for cash even though the funds to do so are available. My understanding is that investing cash and paying mortgage with the interest or ... mortgage   asked by AstroSharp 4 votes answered by keshlam 11 votes I'm 20 and starting to build up for my mortgage downpayment, where should I put my money for optimal growth? I have no credit, no loans, and am a contractor for $40/hr at a company and I expect to work here for quite a while (job security should be above average). Every week, I allocate $300 to my Mortgage ... mortgage savings australia down-payment   asked by Mark Gabriel 4 votes answered by Pete Belford 2 votes Is this HSA too good to be true? I am grandfathered into this PPO plan which we have one more year before they get rid of it. I think the HSA plan is better now for me but wanted to check. Is this HSA plan better for me? If I ... united-states healthcare health-insurance hsa   asked by Bob Sinclar 3 votes answered by Ben Miller 9 votes Military Separation I am 22 years old and in the midst of separating from the Marines. I need some advice on how to manage my assets and best prepare for my future. In the last year I began playing around with ... college   asked by nevin 3 votes answered by Matt R 2 votes Greatest hits from previous weeks: Is it okay to put household utilities in girlfriend's name if I own the home? I just bought a house. My girlfriend is going to be living with me, but the house is in only my name. To split the expenses, we are planning on her paying all of the utilities. Is there any problem ... united-states home-ownership household   asked by user17778 12 votes answered by Noah 20 votes What's the catch with biweekly mortgage payments? I just bought a house. Now I'm getting ads in the mail every day or two trying to get me to sign up to pay my mortgage bi-weekly (every two weeks) or weekly instead of monthly. In their words I could ... united-states mortgage   asked by New homeowner 24 votes answered by Noah 8 votes Can you answer this? The formula equivalent of EBITDA for personal finance? I am considering the idea of trying to run my household finance more like a business and I am looking for formulas to gauge household financial health. I am running into issues with EBITDA for ... accounting budget   asked by Anthony Phelps 2 votes

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