Personal Finance FAQs

  1. Can I use IRS Form 1040EZ to file my tax return?

  2. When do I need to fill out an IRS Schedule H form?

  3. Does my debt-to-income (DTI) ratio affect my credit score?

  4. When do I need to file an IRS Schedule F form?

  5. What is IRS Form W-2 used for?

  6. What are the advantages of paying your taxes with the Electronic Federal Tax Payment System (EFTPS)?

  7. Why is there a cap on the Federal Insurance Contribution (FICA) tax?

  8. What's the difference between Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI)?

  9. When would I have to fill out a Schedule D IRS form?

  10. What are the dangers of using the Electronic Federal Tax Payment System (EFTPS)?

  11. How do I lower my debt-to-income (DTI) ratio?

  12. Who needs to fill out IRS Form Schedule B?

  13. When would I need to use IRS Form 1040X when filing my tax return?

  14. What counts as "debts" and "income" when calculating my debt-to-income (DTI) ratio?

  15. Will I pay taxes on my Social Security payouts?

  16. How do I determine what to pay in taxes if my employer doesn't withhold payroll taxes?

  17. What's the difference between housing starts and building permits?

  18. Can filing taxes with Form 1040EZ cost me money?

  19. Can I deduct my Individual Retirement Account (IRA) contribution on my tax return?

  20. What unforeseen circumstances affect what I'll pay in capital gains taxes?

  21. Can I contribute to a Roth IRA and still participate in my employer-sponsored retirement plan?

  22. Will getting a student loan deferral hurt my credit score?

  23. How does bouncing a check affect my credit score?

  24. How does my debt-to-income (DTI) ratio affect my ability to get a mortgage?

  25. At what age will I be eligible for the maximum Social Security payout?

  26. Who's required to fill out a Schedule C IRS form?

  27. Can I take money out of my Individual Retirement Account (IRA) while working?

  28. How did Warren Buffett get started in business?

  29. Will having several credit cards hurt my credit score?

  30. What are the best ways to invest in mortgage-backed securities (MBS)?

  31. Can I buy a house directly from Fannie Mae (FNMA)?

  32. On average, what can I expect my private mortgage insurance (PMI) rate to be?

  33. Why do I need to pay private mortgage insurance (PMI)?

  34. What's considered to be a good debt-to-income (DTI) ratio?

  35. What are the benefits of splitting my tax refund?

  36. How do I get a split tax refund?

  37. How does Fannie Mae (FNMA) make money?

  38. How do I know whether to itemize deductions or take the standard deduction?

  39. What's the difference between an individual retirement account (IRA) and an annuity?

  40. What's the difference between an individual retirement account (IRA) and a certificate of deposit (CD)?

  41. What are the different types of private mortgage insurance (PMI)?

  42. What's the difference between private mortgage insurance (PMI) and mortgage insurance premium (MIP)?

  43. Why is Social Security running out of money?

  44. How can I avoid paying private mortgage insurance (PMI)?

  45. What's the difference between IRS Forms 1040EZ and 1040A?

  46. Can my spouse and children collect my Social Security when I die?

  47. Can moving to a higher tax bracket cause me to have a lower net income?

  48. What's a better way to borrow money: overdraft or credit cards?

  49. What are the pros and cons of overdraft protection?

  50. How Can I Fund A Roth IRA If My Income Is Too High To Make Direct Contributions?

  51. How Long Should I Keep My Tax Records?

  52. If I don't have any kids and want to leave all of my worldly possessions to my dog, how would I do it?

  53. How do I list the beneficiaries of my life insurance policies if I have a trust?

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

  55. How are capital gains and dividends taxed differently?

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

  57. Are 401(k) loans taxed?

  58. If a LEAP option is purchased and held for more than 12 months, is the tax treatment long term?

  59. What is an annuity?

  60. How does the government spend my taxes?

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

  62. Who is eligible for student loan forgiveness?

  63. What is an asset?

  64. What exactly is a startup?

  65. What is a reasonable amount of debt?

  66. Can my insurance company refuse me coverage?

  67. What pension benefits are available to military personnel?

  68. When buying a car, is it better to have a trade in or a down payment?

  69. What should you do when you're five years from retiring?

  70. Why do some companies pay a dividend, while other companies do not?

  71. What are the differences between a 401K and an IRA?

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

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

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

  75. How do I retire?

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

  77. What credit cards offer the lowest interest rates?

  78. Why should I pay myself first?

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

  80. What are Government Pension Offsets, and who is subject to them?

  81. How do you plan for retirement if you have multiple employers? Can you combine retirement plans from multiple employers?

  82. Why do interest rates change?

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

  84. 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?

  85. I have a 403(b) from a old employer. I would like to convert it to a 401(k). How can I do that?

  86. What is the relationship between inflation and interest rates?

  87. 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?

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

  89. Our broker switched firms in the middle of 2011. As a result we lost track of our required minimum distribution (RMD) amounts and ended up withdrawing much more than our RMD. Is there a way to defer some of the withdrawal to 2012 to avoid the tax liabilit

  90. Where do most fund managers get their market information?

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

  92. What happens during the consolidation phase of an investor's life cycle?

  93. How can I use layaway plans for budgeting?

  94. What does deflation mean to investors?

  95. What is the double taxation of dividends?

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

  97. How are life insurance proceeds taxed?

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

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

  100. What is the difference between qualified and non-qualified plans?

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