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IRS clarifies rules for QTIP-IRAs

The IRS has issued a revenue ruling changing the rules for leaving an IRA to a QTIP trust for the benefit of a surviving spouse. In general, the new ruling clarifies the circumstances under which the surviving spouse is considered ...

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Putting the 'earn' back in 'earnings'

In an effort to connect an executive’s earnings to a company’s revenues, some are pushing for “pay-for-performance” models linking compensation to results. Imagine a world where a CEO’s paycheck dwindles when his or her company’s stock values and income are ...

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How to . . . Choose a credit union

Rather than a bank, some people turn to a credit union for services such as checking and savings accounts, credit cards and loans. What’s the difference? Unlike a bank, a credit union is a not-for-profit, cooperative financial institution that is ...

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