When the actor Gary Coleman died on May 28th at the age of 42 after suffering a brain hemorrhage he left three different wills–including one that was handwritten. Legally the last will written is the binding document. However battle lines have been drawn and it is likely his family and friends are in for a long court fight.
The question posed in the title of this blog has a double meaning–jobs as in employment and Jobs as in Steve Jobs of Apple.
The recent death of two billionaires has thrust back into the spotlight the fact that Congress let the federal estate tax expire .
Legislators in Congress are reportedly considering creating a kind of Roth IRA version of the estate tax. “On The Money” a blog of the congressional newspaper The Hill recently reported that lawmakers are debating whether to let taxpayers opt to pay estate taxes in advance so their heirs owe nothing.
New rules approved this May by the Internal Revenue Service require 401(k) providers to offer participants at least three investment alternatives to company stock. Most plan providers do this anyway but the new rules also address the common corporate policy of disallowing employees from selling or diversifying out of company stock except at certain times.
Of all the investment advice I’ve ever heard the economist Gene Fama Jr.’s is my favorite: “Your money is like soap. The more you handle it the less you will have.”
What’s the value of a newly-minted MBA degree? In their new book Rethinking the MBA: Business Education at a Crossroads Harvard Business School professors Srikant M. Datar and David A. Garvin and research associate Patrick G. Cullen employ a wealth of interviews and quantitative data to examine the worth of an MBA in our evolving global marketplace.