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College Investments Take a deep breath. When the new law is finalized, it may permit withdrawals from an ira without penalty to finance a college education. Another option may be a nondeductible contribution to a new, "education" IRA, one that earns tax-free interest that can be withdrawn tax-free if used for college. President Clinton, meanwhile, has talked of a Kidsave account: parents could contribute the $500 per child tax credit plus another $500 that could be withdrawn tax free for the child's education. Some form of the Hope Scholarship tax credit...

Author: /time Magazine | Title: BACK INTO THE TAX MAZE | 8/4/1997 | See Source »

Doctors at the Mayo Clinic first became suspicious last year, when a 41-year-old woman complaining of shortness of breath came to the Minnesota facility for repair work on a leaky heart valve. When they opened up her heart, surgeons noticed that the valve was white and shiny, suggesting some sort of drug reaction. The drugs she had been taking, it turned out, were fen/phen, the appetite suppressants fenfluramine and phentermine that have become the diet pills of choice among weight-conscious Americans...

Author: /time Magazine | Title: DANGER IN THE DIET PILLS? | 7/21/1997 | See Source »

Stewart became the butt of a thousand impressionists for his familiar "Waaaaal," which sounded like a trombonist running out of breath and purpose. He cared little for the racking discipline of the Method; he would simply stand on his mark and stammer out his lines. He wore his renown comfortably, like a pair of overalls, and enjoyed as scandal-free a life as any top Hollywood star. "My husband," said Stewart's one and only wife Gloria, "is much too normal to be an actor." The man himself considered his job well done "if you can get through a film...

Author: /time Magazine | Title: A WONDERFUL FELLA: JAMES STEWART, 1908-1997 | 7/14/1997 | See Source »

DIED. WILLIAM HICKEY, 69, raspy-voiced actor whose breakthrough role as the one-breath-short-of-death don in Prizzi's Honor won him a 1986 Oscar nomination; of emphysema; in New York City...

Author: /time Magazine | Title: Milestones Jul. 14, 1997 | 7/14/1997 | See Source »

...Fourth of July, not just the birthday of the country whose discovery he continued but, as it happens, also a milestone in the exploration of another world. His four-decade career is testament to the fact that there are wonders that do not need to take your breath away, and that there are underappreciated worlds to wander into, down a back road, across the street, maybe even next door...

Author: /time Magazine | Title: CHARLES KURALT (1934-1997) | 7/14/1997 | See Source »

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