Personal Finance FAQs

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

  2. Does it make sense to convert a Traditional IRA to a Roth when the market’s down?

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

  4. What is a convertible insurance policy?

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

  6. Is there more to insurance policies than price?

  7. Which is not a process the Federal Reserve uses to control the level of business activity?

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

  9. Who set the record loss for "rogue traders"?

  10. All of the following are allowable deductions used in determining taxable estate EXCEPT

  11. How do companies calculate revenue?

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

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

  14. What is disability-income insurance?

  15. If my spouse passes away, will I have to sell my home to meet creditor obligations?

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

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

  18. Where did the term "tenbagger" originate?

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

  20. What is an elimination period?

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

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

  23. How much life insurance is enough?

  24. What are the benefits of credit ratings?

  25. How do I stop emotional spending?

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

  27. Which insurance policies do I really need?

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

  29. Which of the following accounts does ERISA cover?

  30. Will Medicare pay for long-term costs?

  31. How is my insurance premium calculated?

  32. What is the "three-legged stool"?

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

  34. Is it possible to short sell real estate?

  35. Which of the following BEST describes a wash sale?

  36. What is long-term care insurance?

  37. What is indexed universal life insurance?

  38. What is pension maximization?

  39. Is it wise to put an IRA account into a fixed or variable annuity?

  40. What is moral hazard?

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

  42. What is long-term care?

  43. Is there a correlation between inflation and house prices?

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

  45. What was the first company with a $1 billion market cap?

  46. Why should I invest in the market when I can buy and sell houses or cars?

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

  48. Is there short selling in China?

  49. A lot of retirement projections seem to assume an 8% rate of return. Is this realistic?

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

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

  52. What's the difference between EBITDA, EBITDAR and EBITDARM?

  53. Why does the IRS withhold income taxes from employee paychecks?

  54. Do nonprofit organizations pay taxes?

  55. Should a Canadian citizen who lives and works in the U.S. continue to contribute to a RRSP account?

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

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

  58. I overcontributed to my Roth, then lost half of this money to the market. Does the 6% penalty apply to my original contribution, or only what's left of it?

  59. What is the difference between a gilt edged bond and a regular bond?

  60. Why is Frank Quattrone credited with contributing to the growth of the dotcom bubble?

  61. What is cliff vesting?

  62. What is a "force majeure"?

  63. Which credit card company holds the honor of most profitable IPO?

  64. Why is a "hockey stick bid" considered fraudulent?

  65. How do I use a conduit IRA?

  66. What does it mean when advertisers say that "financing is available"? Should I trust them to give me a good deal?

  67. We are in a 401(k) at work. Can we also do a Roth each year? If we can, can it also be deducted from our taxes?

  68. Do I still have to pay penalties and taxes on money that I don't roll over from a DROP fund?

  69. A customer has the following in his long margin account. Market value: $18,000, debit balance: $10,000 and SMA: $2,000. How much of the SMA may be used to purchase additional securities?

  70. How do companies like Moody's rate bonds?

  71. What is the difference between inflation and stagflation?

  72. Is a person an active participant in an employer-sponsored retirement plan if he or she was only active for a short time?

  73. What is the history behind today's bankruptcy laws?

  74. What are the penalties for withdrawing from my Traditional IRA less than a year after acquisition?

  75. What business processes were used to establish the Chevrolet motor company?

  76. Am I entitled to any of my ex-spouse's retirement plan benefits?

  77. What happens when someone is given the golden boot?

  78. How did currency trader John Rusnak hide $691 million in losses before being caught for bank fraud?

  79. What is a vest fleece?

  80. Can an individual contribute to both a Roth IRA and a Traditional IRA in the same year?

  81. Can my spouse and I convert our IRAs to Roth IRAs regardless of earned income?

  82. Do hedge funds and mutual funds invest in commodities in high inflation environments?

  83. Are there tax penalties for closing my Roth IRA account?

  84. Can investment real estate be purchased within an IRA and, if so, are there any pitfalls?

  85. I participate in a profit-sharing plan at work. If I retire at age 62, will I be able to withdraw the money tax-free, or must it be rolled over to another account or plan?

  86. Should I put money into a retirement account even if it isn't tax deductible?

  87. I own a small business. Can the SBO-401(k) work for me?

  88. I have some stocks in a taxable account. Can I use them to fund my Roth IRA instead of using cash?

  89. When should a company recognize revenues on its books?

  90. If a company undergoes an acquisition can an employee withdraw 401(k) funds tax free?

  91. I didn't earn any income this year. Can I still contribute to a Roth?

  92. Are there special benefits for U.S. armed forces personnel?

  93. I've noticed executives buy a lot of stock below market value, and then they sell it for a large gain. How can they do this?

  94. Are mortgage-backed securities backed by any guarantees?

  95. After receiving a required distribution when and how are my taxes affected?

  96. Where can I find information on different companies so that I won't have to read every earnings report?

  97. What does greenwashing mean?

  98. What is market cannibalization?

  99. What are the benefits of an assumable mortgage?

  100. What kinds of investments are allowed in a qualified retirement plan, and what kinds are forbidden?

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