A critical look at the SAT

Parents of college-bound children typically have enough financial worries wondering how they’ll pay for college that they tend to overlook incidental expenses, such as trips to visit colleges and application fees.  But one expense may soon go the way of the rotary telephone — the SAT prep course.
According to an article in the New York [...]

Does your IRA have SIPC protection?

IRAs generally come in three flavors, annuities, trust accounts, and custodial accounts. SIPC rules clearly state that trust accounts are eligible for SIPC protection. But those rules, which you can find here, don’t specifically mention custodial accounts. Since custodial accounts aren’t trust accounts, we asked the SIPC to explain their position. The following is their [...]

Hmmm…

Does Kansas Bankers Surety’s decision to no longer insure excess bank deposits (over the FDIC $100,000 limit) make anybody else nervous besides me?  KBS is one of Warren Buffett’s companies, and according to the Wall Street Journal, the Big Guy himself was the one who raised the issue. The official reason given is that KBS couldn’t get reinsurance [...]