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Thanks
Thank you -- that is the most clear and consise answer I have received from anyone I've spoken with.
I had not thought about point five -- thank you for that argument.
Point six is off track though. My intention was to look for a way to force the hand of congress, not to outlaw...
Bigger Issues
Your "friend" may be in bigger trouble than just having to cover your losses. He potentially faces heafty charges and jail time. He held himself out as someone who could provide finacial advice, making him a quasi investment professional. He also promised to cover losses...
Ask and you shall receive!
Ok, here we go:
Every paycheck, the goverment takes money out of it for federal, state, social security, and medicare taxes.
Facts:
*I am only in my mid-20's.
*I am paying into social security.
*As it stands today, social security will not be there when I am ready...
Tax Liability
I'd say that your bigger problem is the tax liability that you may have accrued in the transaction. Since the check was sent to you directly and not to the investment house FBO, your employer may have automatically taken out taxes and penelties, reducing your entire amount by as...
Be informed about brokers
RESPONSE:
Actually, you'll want some key info about brokers: they are not Registered Investment Advisor Representatives (RIAr). A RIAr (the company is considered a RIA the actual person is the RIAr) is required by law to keep the best interests of the client in...
What is the name of your state? CO
I had a random thought not too long ago. The fundamental problem with social security is that there are more funds going out than there are coming in -- or at least there will be soon.
Here is my question: Is it possible to sue the federal government for...
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