Retirement home policy is a wise middle class safeguard
Bruce Williams advises a long term nursing home policy for middle class earners to protect estate value as care costs reach 40 000 to 50 000 dollars annually. He notes one in five will need facility care and suggests purchasing early to preserve assets. He also answers a reader on rolling a 401 k into a Roth IRA for tax efficiency and comments on bond versus market investments.
MENTIONED IN THIS ARTICLE
Bruce
G.K
Cedar Falls
Iowa
D.R
Signal Mountain
Tenn
D. R
Reader Qs For Smart Money Column
Questions of general interest will be answered in future columns. Send inquiries to Smart Money P O Box 503 Elfers FL 4680 or email bethiligte net. Due to mail volume personal replies cannot be provided.
MENTIONED IN THIS ARTICLE
Smart Money
P.O. Box
Elfers
Bethiligte
Midcap stocks offer middle ground in big vs small debate
Wall Street analysts argue mid-cap stocks like Tiffany & Co, Harley-Davidson, Abercrombie & Fitch, and Young & Rubicam may outpace small caps while offering less overvaluation than large caps. They note mid-caps have posted mixed performance but show potential for faster earnings growth and global access, with steady domestic demand benefiting select firms.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Tiffany & Co
Harley-Davidson
Abercrombie & Fitch
Young & Rubicam Inc
CDA Wiesenberger
Rockville
Standard & Poor
A. Marshall Acuff
Salomon Smith Barney Inc
Acuff
Asia
Latin America
Sears to Pay 985000 to Settle Florida Battery Suit
Sears, Roebuck & Co will pay 985000 and extend free five month warranties on Exide batteries sold before April 1 to resolve claims it passed used batteries off as new in Florida. Attorney General Butterworth said customers believed they bought new batteries but some were previously used for testing or returned. Sears denied fault. Exide Corp faces separate AG probe over defective, used, mislabeled batteries and related investor and account issues.
MENTIONED IN THIS ARTICLE
Tallahassee, Fla
Sears, Roebuck & Co
Florida
Sears
Robert Butterworth
Exide
David Albritton
Exide Corp
Compaq warning could drop techs in U.S. markets
U.S. markets brace for a fall in high tech stocks after Compaq warned first quarter earnings would be 15 cents a share, less than half Wall Street expectations. Revenue is projected at 9.4 billion, sending after-hours shares down 16 percent to 26. Analysts weigh short term impact on Nasdaq and Dow while noting that Intel may serve as a better bellwether.
MENTIONED IN THIS ARTICLE
U.S
Compaq
Wall Street
Dell
Intel
Microsoft
Kumar
Time to switch back to traditional IRA Roths still possible
Washington AP notes taxpayers who converted to Roth IRAs in 1998 can switch back and adjust 1998 returns. Extensions may allow another switch by Oct 15. Ernst & Young says many must reexamine effects on credits exemptions and deductions as income levels influence eligibility and benefits.
MENTIONED IN THIS ARTICLE
Washington
Martin Nissenbaum
Internal Revenue Service
IRS
Ernst & Young
Nis
Senbaum
Nissenbaum
Also Mentioned on This Page
Lubbock Avalanche
J.E. Lubbock
Texas
J.E
Bruce Williams
J Bruce Williams
Edward Yardeni
Deutsche Bank Securities Inc
Yardeni
Uni
IBM
Hewlett-Packard
Ashok Kumar
Piper Jaffray
James Cramer
Thestreet.com
Ernst & Young Accounting Firm
Kidron Livestock
Idron Audion
Bred Sons & Gifts
D.G. Skladan & Associates
Amercon Head Association
Chronicle-Telegram
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