 How do you know when its time to sell your stocks? |
I know it's not the best time to ask!....LOL
I have shares in a prominent company, which I feel is very resilient. However, with the state the economy is in I am a bit concerned.
... |
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 How to save your money fast? |
hi,i would like to know if anyone knows any good tips to save up some money,anything helps and i would be thankful...thanks
☺☺☻☻♥... |
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 Investing 101? |
| ok so i have $5000 how do i invest it n what stocks should i consider? invest it all in one? or many? I have NO clue how to invest into the stock market. your help is ... |
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 I have 500 dollars to invest? |
| what would be the best way to invest to get a maximum return in a short period of time?... |
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 I am buying house for investment. I am not sure if I should 20 or 30% down pay.? |
| I thought 30% down better to reduce interest pay. But my agent says to put 20% because I could get tax deduction for home interest payment. which one is better to reduce interest pay or to get tax ... |
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 I lost my entire life savings and inheritance of $400,000 in the stock market mostly in SIRI? |
Why I havent killed myself God only knows.
Now I'm stuck with 32,000 shares of SIRI at $0.45 a share when it was around $10 just 3 years ago.
Will SIRI ever go back up to $1... |
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 There is a company in Alabama that owes me a commission check. How do I go about getting it? |
| TELEPHONE CONTACT IS IMPOSSIBLE AND THE TWO LETTERS I MAILED TO THEM HAS BE RECEIVED --JUST ON ANSWER!!... |
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 If I am 30 yrs old & sigle with no kids & no house then about what is my risk tolerance for investing? |
| What is my risk tolerance and why is this important? What funds should I be looking into at this age? What percentage of my investments should go into each category of risk?... |
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 Can anybody tell how can i get the knowledge about Stock Market or Mutualfunds? |
I Want to invest in stockmarket and mutual fund.
but with safely and step to ... |
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 Where is all the money in the U.S. going? ? |
| The economy is so bad right now but I don't understand where all the money is going. If someone gives money to another, he then turns around and spends on something else. So why is the economy ... |
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| What is the best way for a novice to pick stocks? |
| I plan to do a steady investing plan (IE $1000 / mth). I'd like to divide the money into 4 - 8 stocks. I don't want to play the market or day trade. . .Aggressive and steady, that's ... |
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 I'm confused by stocks! What is selling well today? |
| I'm trying to find different companies that are increasing well in their stocks!! Does anybody know of anything that is doing really good? Or what may start going good? Please include ticker if ... |
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 Would you buy Bear Stearns stock now? |
| It's up almost 40% today. Is this just an anamoly or is it smart to buy it now since it's so low?... |
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| I am 18 and what is the best way to learn more about saving money and investing in stocks or anything else? |
| So far I am going to try to work every summer and make 2 grand each summer. I am clueless about investing money, i want to learn how to start a business with friends(not those pyramid scams stuff), i ... |
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azkoolchik | If I have $10,000 - $20,000 in my saving account will they charge me taxes when I take out? |
Since the account has been accruing interest on it? And do banks charges per month fee if you open up a saving account? |
 |
 
PepsiLime
|
No, you don't get charged taxes when you take our your money. The only time you might get charged anything would be if you had your money in a CD and needed to close it out early. Then the bank would probably charge you an early withdrawal penalty, which is deductible on your tax return. You get taxed each year on the interest that your savings account earns. Also, some bank do charge a per month fee, some don't, some have minimum balances needed to avoid a fee, some charge a fee no matter what. Your best bet is to call up your bank's customer service dept and ask them what is the fee policy. You might even be able to move your money into an account at your bank that pays higher interest. |
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skipper
 |
The banks report interest to the IRS and to you every year (usually in mid-January) using form 1099-INT or a substitute. You should list the interest as income each year on your tax return.
Banks don't charge a per month fee for holding your savings account. Banks pay you a fee (interest) for the use of your money. |
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rickg155
 |
They only tax on the interest you've received.
You've probably already paid income tax on the $10-20k. |
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Jen
 |
No, but the IRS will tax you on the interest earned. |
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Manda Lin
|
A regular savings account shouldn't be taxed when you withdraw your money - that should be money that's already been taxed. IF you have a different account like an IRA or something where funds go in PRE-tax, then yes they will be taxed & if you are younger than retirement age, you'll have to pay penalties too.
Every year you should be getting a statement from your bank with your accrued interest that you should be entering into your taxes, so it's been an ongoing process of taxation. |
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Bryan A
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If it's a regular old savings account, nope. You should have been reporting interest earned on the account each year from a little slip (a Form 1099-INT) the bank sends you every year. When you report it, you pay tax on the earnings and it's done. There's nothing additional (UNLESS it's NOT a regular old savings account, i.e. an IRA) |
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TC_43
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the only taxes you would have to pay are on the interest. which the bank would send you a 1099-INT form in Jan for you to file with on your taxes.. |
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Tats
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You should be paying taxes on the interest paid to you in the savings account whether you actually take the money out or not. Savings accounts are not tax deferred like a 401k or an IRA.
Most banks charge you a fee if the accounts has only a little bit of money. However, if you also have a checking account and do have $10,000, normally they do not charge you a fee. Make sure that the account you open has a minimum under $10,000 so you do not have to pay anything. |
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rollingsaab
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no they shouldnt charge you anything cause its your money |
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