Personal Finance FAQs

  1. If I want to have some cash in a liquid account for unexpected emergencies, what is best? A savings account or another type?

  2. What is pay-as-you-drive auto insurance?

  3. What is the difference between a credit report and a credit score?

  4. Who is eligible for student loan forgiveness?

  5. What exactly is a startup?

  6. What is a reasonable amount of debt?

  7. How are share prices set?

  8. Can my insurance company refuse me coverage?

  9. Does paying my utility bills on time improve my credit score?

  10. How old should you be to get life insurance?

  11. If I am looking to get an Investment Banking job. What education do employers prefer? MBA or CFA?

  12. What is an IPO lock-up period and how long is it?

  13. Can I still pass the CFA Level I if I do poorly in the ethics section?

  14. Besides a savings account, where is the safest place to keep my money?

  15. Suppose my garage collapsed onto my car. Are damages covered by my home insurance or auto insurance?

  16. What credit cards offer the lowest interest rates?

  17. Why should I pay myself first?

  18. I want to transfer my house title to my child, what are the costs and tax consequences of doing so?

  19. What are the biggest factors that can affect my credit score?

  20. My daughter would like to use some of her Roth IRA to pay for some current tuition fees and loans. Can she do this without a penalty?

  21. If you have a house that is under your company name and you want to sell it back to yourself, do you have to pay capital gains taxes?

  22. Should I pay my mortgage with my credit card to earn credit card rewards?

  23. If my mortgage lender goes bankrupt, do I still have to pay my mortgage?

  24. How can I use layaway plans for budgeting?

  25. How are life insurance proceeds taxed?

  26. How can I start an IRA for my child?

  27. Am I responsible for fraudulent charges on my credit card?

  28. What changes might I need to make to my insurance policy?

  29. How does the money from the interest on my bond get to me?

  30. What is evergreen funding?

  31. What is a cross hedge?

  32. Under the USA, registration as an IAR includes all of the following EXCEPT:

  33. What effect did the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 have on debtors?

  34. When and why did brokerages switch from fixed commissions to negotiated ones?

  35. A parent would choose to set up a Coverdell Education Savings Account for a child in order to save for college expenses AND:

  36. What is a tax-free 1035 Exchange?

  37. When is it a good idea to use an irrevocable life insurance trust?

  38. Why do you need an emergency fund?

  39. An IA’s client has a primary goal of tax reduction and a secondary goal of current income. Which investment would be most appropriate?

  40. What are the requirements to be able to contribute to an HSA?

  41. Which transactions affect the retained earnings statement?

  42. Because I missed a few credit card payments, the issuer raised my interest rate from 9.9% to 19.9%. What should I do?

  43. How do I know if I qualify to open a HSA (Health Savings Account)?

  44. Why is accidental life insurance so inexpensive?

  45. Is life insurance good for mortgage protection?

  46. My mortgage payments are no longer affordable; is there anything that I can do to prevent foreclosure?

  47. How much life insurance should I have?

  48. Why is Game Theory useful in business?

  49. Is it wise to consolidate credit card debt?

  50. What is PMI, and does everyone need to pay it?

  51. What happens to insurance policies and variable annuities if the insurance company itself goes bankrupt - do the policyholders get anything out of it?

  52. What certification series does one need to be a bond broker?

  53. How do I know if I should refinance my mortgage?

  54. Will jointly filing taxes have the effect of joining a couple's credit?

  55. My variable annuity account took a beating. Should I seek other alternatives?

  56. What is a convertible insurance policy?

  57. Why would you want a monthly benefit versus a daily benefit?

  58. Is there more to insurance policies than price?

  59. What is the difference between early retirement and full retirement as it applies to Social Security retirement benefits?

  60. Who was the youngest CEO to be indicted for securities fraud?

  61. How much of a company's stock can a mutual fund own?

  62. When holding an option through expiration date, are you automatically paid any profits, or do you have to sell the option and pay commissions?

  63. How do I choose which insurance company to use?

  64. What is disability-income insurance?

  65. Should I pull my money out of an annuity if the insurance company is having financial problems?

  66. How do I value the shares that I own in a private company?

  67. What is a "twinternship"?

  68. Does a company logo change require a material disclosable event?

  69. What is an elimination period?

  70. Is there a limit on the amount of disability insurance that I can buy?

  71. What changes might I need to make to my insurance?

  72. How much life insurance is enough?

  73. What are the benefits of credit ratings?

  74. How do I stop emotional spending?

  75. When is the best time to purchase long-term care insurance?

  76. Which insurance policies do I really need?

  77. What documents should I have ready in case my partner or I should die?

  78. Which of the following accounts does ERISA cover?

  79. How is my insurance premium calculated?

  80. Will Medicare pay for long-term costs?

  81. What is the significance of a Schedule 13D?

  82. Why might one insurance policy cost more than another?

  83. Is it possible to short sell real estate?

  84. Does the balance sheet always balance?

  85. What is long-term care insurance?

  86. What is indexed universal life insurance?

  87. What is pension maximization?

  88. What is moral hazard?

  89. Which statement(s) is/are FALSE about market risk?

  90. What is long-term care?

  91. What is a typical day in the life of a stockbroker, from start to finish?

  92. What are activities of daily living (ADL)?

  93. What are some cheaper alternatives to sending children to summer camp?

  94. What is a "phishing scam" and how can they be avoided?

  95. What kind of summer interships are available for a finance student?

  96. How did Dow Chemical defeat an international monopoly in the 1900s?

  97. What was the Mahonia company and why did it become the subject of a lawsuit?

  98. The de Minimis clause for investment advisers means:

  99. Why are credit cards able to charge such high interest rates compared to other lenders?

  100. When is it a good idea to take out a loan to invest?

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