Personal Finance & Money Questions, Problems & Solutions : TransWikia.com ~ Page 295

Is "Conversion" a technical term in a Backdoor ROTH Conversion?

I'm doing a backdoor ROTH for the first time with Fidelity. My understanding is the process is simple:Create or have a Traditional IRACreate or have a ROTH IRAPut post-tax money...

Asked on 03/18/2021

1 answer

How is the value of the RYCEY ADR tied to its underlying stock RR (LSE)

I am curious how an ADR is tied to the value of its underlying stock, specifically with RYCEY. I have a few closely related questions. I am ignoring forex issues...

Asked on 03/17/2021 by copper.hat

1 answer

Does options exercise increase a stock's trading volume?

When I buy or sell a stock, the transaction will increase the stock's trading volume. Instead, suppose I buy an option and decide to exercise it immediately (for whatever reason)....

Asked on 03/17/2021

2 answer

Can a Roth 401(k) be transferred somehow to a Roth IRA if younger than 59.5-year-old and not leaving one's job?

I understand that:A Roth 401(k) may be rolled over to a Roth IRA if older than 59.5-year-old or if leaving one's job.It is possible to do in-service distributions from an...

Asked on 03/17/2021

1 answer

PPP 2.0: Can businesses that were not operational in 2019 use 01/01/2020-02/29/2020 period for average payroll cost calculations?

Official SBA PPP 1.0 FAQ had this answer:Question: What time period should borrowers use to determine their number of employees and payroll costs to calculate their maximum loanamounts?Answer:...

Asked on 03/17/2021

1 answer

Cashing a UK Bank issued check in US Dollars in Canada

I have a cheque from a UK Bank I need to deposit. I live in Canada. The funds on the cheque are in USD. My Canadian Bank...

Asked on 03/17/2021 by Need help

1 answer

How many years do I need to own a house until I don't have to pay capital gains taxes?

I've owned my home for 1.5 years and it has been my primary residence. I decided to move, and want to sell, however, I'm unsure if I have to pay...

Asked on 03/17/2021

2 answer

Is there going to be a penalty waiver for IRA withdrawals in 2021?

If a person is having a hard time in 2021 and he is under 59.5 decides to take a withdrawal from his IRA, under current law he is subject to...

Asked on 03/17/2021

0 answer

Do I need business license and account to work as a software contractor

I started a software development contract and decided to open a separate bank account just for this activity. The bank gave me a list of required documents needed when opening...

Asked on 03/17/2021

2 answer

Can someone explain the GME short squeeze situation to a non-stock trader?

GameStop Corp. (GME) stock is over $300 at the time of this post. I understand the 10,000 foot view of the story only: That some Reddit folks are buying up...

Asked on 03/17/2021

6 answer

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