Billy asked:


How do I know internet websites that require credit cards are not a scam?

My mom is a little paranoid and thinks every website will try to steal money from the bank account through a credit card and lose all our money.

So the question is, how can I tell if a website is a scam or not?
And how can I convince her?

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michaelblog asked:


I am the beneficiary of my father’s mutual fund or IRA. When the money is distributed to me, does the IRS see that as income or as inheritance? How it is taxed?

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AxelBoldt asked:


I have my money invested in several mutual funds with a large mutual fund company. What happens if said mutual fund company goes bankrupt, maybe after fraud or an accounting scandal? Is my money insured in any way, or is it gone?

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Carbonbased Lifeform asked:


I’m a 24 year old recently graduated from college and got a job.. I want to start saving up and while the money is not being used for anything, I though I might as well put it to work. So what is a good mutual fund to put my money in?

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YouHelpMe-IHelpYou asked:


Jane took out $5000 from her savings account which paid 2% interest and invested it in a stock paying 8%. If the total interest from both the remaining savings account money and the stock amounted to $580 for a year, how much was orginally in the savings account?

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starlight_940 asked:


I’m being asked to verify my new paypal account with my checking information. I know I have to have an account in order to get payed from them, but can I use a savings instead of checking? I more or less just want the money to build up and accumulate so I have some savings to fall back on.

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honeybear asked:


I got a letter in the mail from the bank that says paying our mortgage payment bi-weekly instead of monthly could save us $40,000 to $100,000 in interest and reduce our mortgage term by 7 to 9 years without refinancing. How does this work?

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Andrew L. asked:


im 14 and am about to turn 15. i want to have a savings account but i dont want to have my parents have to sign everytime i want to pull some money out. how old do i have to be to open a savings account with wells fargo in minnesota? also, what is the interest?
because i donthaving to have my parents sign everytime i want to pull out some money.

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dudefornow14 asked:


1: What is the type of insurance that covers bodily injury and property damage to others?
liability
uninsured motorist
comprehensive
collision

2: What is the type of insurance that covers you when you are injured by a hit and run driver?
liability
uninsured motorist
comprehensive
collision

3: Insurance is based on the concept of ________ and __________
profit and loss
risk and loss
risk and return
profit and cars

4: Which type of insurance is usually required if you finance your car purchase?
Medical Payment Insurance
Towing Insurance
Rental Insurance
Collision and Comprehensive Insurance

5: Which of the following is not a way that a teenager can save money on insurance?
Getting on his or her parents’ policy
Getting good grades
Driving penalties
Driver experience

6: Accidents that must be reported are ?
those that caused minor damage or harm
those that have been fatal
all accidents.

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T asked:


For example, say I have $5000 in my account. I want to save $3000 toward a new car, $200 towards a new TV, $1000 towards a vacation…etc. Then as I add money I can allot it toward one or more of those goals. I am considering up a couple of savings accounts to do this, but it would be easier with just one account.

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