Buffett stake underscores PS Group Holdings intrigue
Buffett's Berkshire Hathaway holds 19.7 percent of PS Group Holdings, ownership that dwarfs mythic 20 percent claims about ex President George Bush. The jet fuel supplier also owns wells, leases aircraft, and posted 1996 revenue of 270 million with net income of 9.6 million, while the stock trades around 13.50.
MENTIONED IN THIS ARTICLE
George Bush
S Group Holdings
PSG
PS Group
Usair
Continental Airlines
Warren Buffett
Berkshire-Hathaway
Buffett
Medical savings accounts niche grows as insurers lead
SSgA and State Street push medical savings accounts linked to high deductible plans. Accounts offer tax deductions, tax free interest if used for medical costs, and penalty free withdrawal at age 65. Initial fund minimum is 1000 dollars per fund with 15 mutual funds offered. Major adopters include Mutual of Omaha, New York Life, Mellon, and Wells Fargo.
MENTIONED IN THIS ARTICLE
Iato Street
Wiopal Advisors
Ssga
Strcet
Medical savings accounts in MSAs diversify providers
Kelly A. McCarthy notes learning curve over and providers will diversify beyond Mennonite Mutual Aid, which manages about $135 million in three MMA Praxis mutual funds. Consumers weigh convenience of one insurer versus potential higher returns from mutual fund firms. MSAs open to self employed and small employers. Deductibles range 1500 to 2250 for individuals, 3000 to 4500 family. Employer contributions deductible. employees tax-free. Annual maximums: 65 percent of individual deductible or 1462 family 75 percent or 3375.
MENTIONED IN THIS ARTICLE
Kelly A. McCarthy
Council
Mennonite Mutual Aid
McCarthy
Heartland trims fees on new funds to attract investors
Heartland Advisors subsidizes all fees for the Heartland Large Cap Value fund and subsidizes to cap Mid Cap Value at 1.25 percent. Both funds, started last October, aim to attract assets as they grow. Large Cap Value holds 7 million and returned 33.6 percent for the 11 months to Sept. 30. Mid Cap Value holds 33 million and rose 37.2 percent, versus peers.
MENTIONED IN THIS ARTICLE
Heartland Funds
Milwaukee
Heartland
Mitchell Kohls
Heartland Advisors
Morningstar Inc
Chicago
Kohls
New York Times
How to pay off credit card debt with a pyramid plan
A reader with over 10000 dollars in debt seeks guidance. Sharon Patchett of the Consumer Credit Counseling Service of Central New York outlines a step by step method: stop new charges, pay all new purchases in full, concentrate extra payments on the card with the highest APR, and roll paid amounts into the next account to create a pyramid payoff. The plan emphasizes discipline, using one card for new purchases and paying it in full, and closing high balance high rate accounts after payoff. Contact info for CCCS of Central New York is provided for further help.
MENTIONED IN THIS ARTICLE
Sharon Patchett
Consumer Credit Counseling Service
Central New York
De&t
S. Salina St
Syracuse
N.Y
How to pursue a complaint with the BBB guidance
The Better Business Bureau offers tips for filing a complaint including typing legible letters, keeping details brief and specific, including return addresses and copies of contracts or receipts, using certified mail, and preserving all correspondence. Jeanne Casinella notes the importance of documenting steps and keeping originals for potential further action.
MENTIONED IN THIS ARTICLE
BBB
Arie
Better Business A
Better Business Bureau
New IRAs target more of life's expenses
The Taxpayer Relief Act of 1997 expands IRA use beyond retirement to fund education and home purchases. Traditional IRAs gain wider deduction eligibility and reduced penalty rules for early withdrawals, while Roth IRAs offer tax-free growth at withdrawal. An Education IRA option allows up to 500 dollars per child annually for college costs.
MENTIONED IN THIS ARTICLE
Reaeers
Tras
Congress
Clinton
Nicholas J. Easter
CCH Inc
Riverwoods, Ill
Michael F. Rahn
IRA Reporter
Brainerd
Minn
Roth Ira
William V. Roth Jr
R-Del
Also Mentioned on This Page
IRS
Malcolm Berko
Copley News Service
The
Herald-Journal
Berko
Syracuse Herald- Journal
P.O. Box
Boca Raton
Fla
Florida
OTC
Lipper Mutual
Cubs
Blue Chip
Lipper International
Steeds
Gald
Malcolm Beako
Lipper Mutual Funds
Lipper International Fund
EE US
Moonenday
Meyers
the Meyers Report
Chicago, Til
Rise An
Jeanne Casinella
Learbury Center
N. Salina St
Jeanne Casimella
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