Broker rescinds sale saves widow from tax hit
A broker allegedly pushed unsuitable investments into a widow’s trust, but after intervention by a branch manager and correction from the firm, the broker cancelled the transactions and restored her to her original position with no tax consequences. Malcolm Berko notes the case highlights conflicts between commissions and advice.
MENTIONED IN THIS ARTICLE
New York
Las
Malcolm Berko
Copley News Service
Herald-Journal
Berko
Syracuse Herald-Journal
P.O. Box
Boca Raton
Fla
Mystery Text About Horse Race Left Unclear
A garbled OCR fragment describes horses and a frontrunner named T-Bond in a Halloween themed event with unclear actions and stray phrases about costumes and candy. The readable elements are limited to ambiguous racing imagery and scattered nouns.
MENTIONED IN THIS ARTICLE
Sam
Bester
Far Seake
Fue
Newsletters and funds show mixed performance in study
A Hulbert Financial Digest study of five editors who run mutual funds or closed end funds finds most newsletters underperform their sister funds. OTC Ensight by James Collins edges Collins fund Dominion Insight Growth, though by a small margin. Hulbert notes the result hinges on period choice and market events like the 1987 crash.
MENTIONED IN THIS ARTICLE
Treasury
Mark Hulbert
The
Hulbert Financial Digest
Alexandria
Hulbert
OTC Ensight
James Collins
Collins
Dominion Insight Growth
Standard & Poor
Zweig
Investme
Fiett Irene
Charles Ainen
Noveller Aggresaiee
Long-term care policy guides can save assets and avoid Medicaid spenddown
Mayo Clinic and Harvard Medical School note one quarter of Americans will need long-term care. In Central New York, nursing home stays cost 150 to 200 per day. A three year policy can offset costs if tied to Medicaid savings, with five key questions from the National Association of Life Underwriters guiding choices. Industry experts urge buying while healthy to ensure eligibility and favorable terms.
MENTIONED IN THIS ARTICLE
Mayo Clinic
Harvard Medical School
Medicare
Senate Committee On Aging
New York
Health Care Financing Administration
New York State
National Association of Life Underwriters
Matheson
Gant MT Ie Son
Pond
Churchill
Joe
Cane
Smart ways to buy disability income insurance
The article notes high odds of disability by age 66 and urges robust coverage. It suggests buying through an employer group for discounts, prioritizing income replacement over job protection, choosing long term options, considering non cancellable or guaranteed renewable plans, and skipping costly riders. It also recommends avoiding commissions and lists two no commission brokers USAA and Wholesale Insurance Network.
MENTIONED IN THIS ARTICLE
Tampa
USAA
San Antonio
Costs of raising a child push family budgets higher
A Boston area financial planner notes that college costs rising near 100000 for public schools by the time a child enters, while adoption ranges 2000 to 20000. Experts advise an early fund for childbirth and leave, with 20 percent of income potentially spent on child care.
MENTIONED IN THIS ARTICLE
Amarivan College of Obstetrician Synecologists
Also Mentioned on This Page
Lipper Mu
Money Market Funds
Jopet Mutual
Joss
Wrday
Sree
Monry Oo
Funda Beg
Raatris
Prom Eieare Eae
Aer EE Bonds
Neney Maarten
Everth
Wiudhe Hoan
Aeiea Fey
American Association of Individual Investors Journal
Martin Zweig
Dominion Insight Growth Fund
Dweig Fung
Tres News
Morningstar Inc
America Online
Marte
Parton
Eneoy
Value One Centurion Fund
Jane Bryant Quinn
Consumer Reports
Kiplinger’s
Money Magazine
Sylvia. Porter
Gary C. Smith
CLA
Mass Mutual
Syracuse Association of Life Underwriters
Gary Smith
Kiplinger's Magazine
Jonathan Pond
Intuit
Carter
Ponds
Michael Matheson
American Express Financial Advisors
Minneapolis
Lank Madden
Madden and Associates Financial Consultants
Jacksonville
Und
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