Beware the new hybrid MIPS investment for income
A wary view of MIPS or monthly income preferred securities explains their structure. They resemble bonds with fixed dividends but allow suspension during cash shortages and can last 30 to 100 years. High yields come with risks including payment cuts, tax issues, and uncertain resale pricing.
MENTIONED IN THIS ARTICLE
Wall Street
MIPS
Daniel J. Campbell
Merrill Lynch
Christopher Hogg
Goldman, Sachs
Texaco
Capital Holding
Corning
Aetna
Peco Energy
IRS
Microloan helps bridge small business funding gap
Small businesses seek Microloan funding from the Center for Business Innovation in Kansas City. Carol Hester, owner of Hester Marketing in Eudora, sought 12,500 for equipment and overhead, but faced scrutiny over collateral and inventory requirements. Kansas loans average 70 percent approval, with six northeast Kansas loans totaling 85,000 approved so far. outreach continues as some applicants remain unserved.
MENTIONED IN THIS ARTICLE
Carol Hester
Small Business Administration
Douglas County
Northeastansas
Center For Business Innovation
Kansas City
Hester
Lawrence
Kansas University Small Business Development Center
Prathiba
Kansas
Johnson County
Mathews-Wheeler
Missouri
O’donnell
Col Ie Tenta
Carol
Mike Yoder
Journal- Word
Eudora
Maine Lobster Boats Ride High Amid Stable Prices
A Maine lobster boat captain chats as waves, bait and diesel fill the air while pulling 60 pound traps. Lobstermen report strong catches and steady prices, with markets from Los Angeles to Maine offering premium and bargain rates. Experts warn overfishing and crowding risk livelihoods, as conservation talks struggle with independent fishermen.
MENTIONED IN THIS ARTICLE
York
Maine
Pat White
New England
White
Los Angeles
Manhattan Ocean Club
Jay Krause
Boothbay
Bypass trust funding with IRA while cutting taxes
If the sole significant asset is an IRA, funding a bypass trust must avoid accelerating withdrawals. Under minimum distribution rules a designated beneficiary can defer required withdrawals, with the trust as an irrevocable living trust at the IRA owner’s required beginning date. The trustee may take the minimum each year to defer income taxes.
MENTIONED IN THIS ARTICLE
Tricia K. Bonner
Thacher Proffitt & Wood
Also Mentioned on This Page
Jane Bryant Quinn
Nancy Price
Journal-World Business
Lalla
Robert Morrill
National Marine Fisheries Service
Portland
Kittery
Calais
York Area
Maine Lobstermen’s Association
Lobstermen’s Association
Crab House Seafood Restauran
Portland, Maine
DiMillo
New York
Miami
San Francisco
McCormick & Kuleto’s
Bob Bianchit
Chicago
Nick's Fish Market
Austin, Texas
Boston Legal Seafood
Washington Hogate
Journal World
Lawrence Memorial Hospital
Fox
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