Credit

Credit - Getting Started, Part 1

Estate planning has sometimes been called social work among the rich. It is also described as a means of passing from this world into the next without passing through the Internal Revenue Service. These wry statements are more notable for th...

Credit - Getting Started, Part 2

So far, our young friend has not come to grips with his problem. For two reasons: First-he has not yet acquired the determination to build an estate. By determination, we mean the conscious and active desire to make estate building an integr...

Credit - Current Techniques of Planning

Classic estate planning was limited, based on two prime principles: thrift and sound investment. These still apply; they are still at the heart of estate creation. But other elements, just as organic to the successful estate plan, have been...

Credit Dilemma, Part 2

The Third Horn: High Taxation If it costs an individual more to live today, exactly the same applies to society as a whole; or, in more precise terms, to the government that administers, sustains, and protects the economic life of the people...

Credit - A Whispering Slave

It has nothing or little to do with taxes or the cost of living, nor with the conditions of society nor the economy. It goes deeper. It is a condition of human nature, called default. It is easy to define default, harder to cure it. In terms...

Credit Dilemma, Part 1

Most of the people are not careless spendthrifts or hedonists by nature, as some would have it. Their trouble is simple to define, but not so simple to solve. Despite their relatively high earnings, they have been unable to accumulate capita...

Employee Stock Ownership Plans (ESOPs)

Some employers like the idea of giving employees an incentive to make the company grow in value. They do so by establishing retirement savings accounts (usually funded by the employer) that invest in the company's own stock. Of course, you w...