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This Sunday’s The Ethicist column in the New York Times contains two questions and answers which, to me, each dealt with the same theme.   The first question involved whether a doctor should be reported for unethical behavior when the motivation was revenge, and the second question involved an individual wanting to pay somebody else’s […]

Guaranteeing Loans to a Company Owned by One’s IRA is a Prohibited Transaction       Sec. 408(e) of the Internal Revenue Code states that if an IRA engages in a prohibited transaction, as defined in Sec. 4975, it ceases to be an IRA as of the first day of the year in which the […]

A common debate among financial planners when discussing life insurance is whether one should buy term insurance or insurance that provides a cash value. Among the points of discussion on the term side is that one should “buy term and invest the difference,” the difference being the lower term premium in the earlier years. One […]