Englezos: ‘Can I liquidate an IRA to fund a Section 529 Tuition Plan and avoid penalty because it is educational?’
☞ I doubt it, but I don’t know. Let’s ASK LESS!
One rrrrrrring . . .
Two rrrrrrings . . .
‘Hello, Less? I . . .’
‘Say no more – I have Caller ID. […]
I don’t know Saul Kramer, but his e-mail was passed on by a friend. Perhaps you’ve seen it, too. He writes:
From: Saul Kramer
Thursday, April 25, 2002 12:55
Subject: Tales from Jenin
I’m writing this email after having returned last night from the emergency army call up that sweetly interrupted […]
Have you ever borrowed money from, or loaned money to, a friend or relative? I don’t mean $50 – maybe $2,500 or $10,000? It’s a great way to lose both friends and money.
I’m pretty sure that’s what Shakespeare meant when he had Polonius say, ‘neither a borrower nor a lender be.’ He wasn’t advising […]
If some of this seems foreign, just plow through it, because it leads to an anecdote anyone can understand:
Dan Critchett: ‘What do you think the consequences are of the overwhelming incentive in credit markets today to avoid long-term borrowing? REITs are now borrowing zillions at spreads against LIBOR (or swapping their current long mortgages) […]
Yesterday, Bernie said he’d like to leave his broker at Merrill Lynch, but they’ve been friends for 30 years.
John Bercini: ‘One possible solution to Bernie’s problem would be Merrill Lynch’s Consults program, in which Bernie could hire Institutional Money Managers to run a series of private accounts (for diversification) all for around a […]
EQUALITY IS CATCHING ON
How come your employer’s health plan covers your better half but not your office–mate’s – doing the same work as you but barred from a legal union because he or she is gay? Well, less and less is that the case. More than half of the nations 50 largest companies […]
COOKING LIKE A HORSE
Brian Adair: ‘If you like ice cold carrot juice, try this: blend equal parts carrot juice and low fat vanilla ice cream (I like Breyers). My girlfriend made me try this drink a few months ago (‘Carrot juice? That sounds disgusting’ was my exact response.) Now I can’t enough […]
But first . . .
INDEX FUNDS ARE NO WAY TO MAKE BIG BUCKS
Kirk: ‘Many financial writers suggest index funds and large diversified mutual funds. However, these investments only return ‘average’ results while still exposing the investor to overall market risk. If one wants to get rich, wouldn’t a portfolio of 5 or […]
Quote of the Day
Years ago, in the Carter term, a stockbroker tried to explain what Schlumberger did. 'It goes to 100,' the broker said, exaggerating only a little bit. 'Then it splits three-for-two and goes back to 100 again.'~GRANT'S Interest Rate Observer
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