The House GOP doesn’t want the average uninsured American to have access to health insurance through the ACA. But they sure do notice if they themselves might have to pay more. Members of Congress and their staffs have to buy their policies on the new ACA exchanges. Poor drafting of the law, however, accidentally eliminated [...]
What Jane Says: Taxes
- Offered a buyout on your lifetime-income annuity? Just say no.
- POSTED 09.24.13
Do you own a variable annuity with lifetime income benefits? Did you buy it in the years before the financial meltdown? You have a terrific contract that your insurance company might be trying to take away. Don’t let them do it. In the early and middle ‘00’s. insurers competed vigorously for your retirement money. They [...]
- Tony Soprano’s will got it right
- POSTED 07.18.13
Lawyers are tut-tutting over the taxes due on the probate estate of James (Tony Soprano) Gandolfini. He was worth some $70 million when he died of a heart attack while traveling in Italy in June. He left the bulk of his money to his sisters, wife and children — some in cash, some in trust. [...]
- Will your “ex” get all your retirement accounts?
- POSTED 04.10.13
Yet another lost lawsuit should be a wake-up call to everyone who’s divorced. Change the beneficiary forms on your 401(k) or IRA to remove your ex-spouse. Otherwise, your ex will become unexpectedly rich. In recent Virginia case, a couple divorced and the husband signed a waiver, agreeing not to exert his legal rights against his wife’s 401(k). [...]
- The delusion of “safe and high” bond interest rates
- POSTED 04.7.13
Investors searching for yield are falling in love with high-rated bonds that also pay high interest rates. Hmmm, I hope you just said. Don’t bonds highly rated for safety bonds carry lower interest rates? The answer is yes–but a clever financial adviser can make you think you’re getting a higher yield than is actually the case. [...]