Word: money
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Dates: during 1990-1999
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...loss of perspective. It is so frighteningly easy to lose sight of the absurdity of a bunch of 20-year-old guys renting out Boston's fanciest restaurants, donning tuxedos and feeding their guests filet mignon, passing the wine and quieting their cell phones, dealing in sums of money with which few college kids are ever directly confronted outside of their tuition bills. It's fun and it's basically fine, as long as we all--guests and hosts--stay relatively self-aware...
...take a full deduction for the market value of the asset, yet skip the capital-gains tax. If you aren't sure which charity you want to favor and you're giving cash, consider establishing a gift fund to reduce your estate. You can choose where to send the money next year. A number of mutual-fund companies have such funds, though they give you less freedom in choosing where to ultimately direct the money...
...withdrawal. It's all yours--even the part that grew tax-free. Not everyone qualifies for a Roth. You must have an annual household income under $100,000 to convert an old IRA to a Roth, and under $160,000 ($110,000 for singles) to start one with new money...
...sure about their unintended consequences. A new Medicare entitlement on the order of the Clinton-Gore-Bradley model could become a cost nightmare as boomers age and drug companies continue to crank out much coveted new drugs. But there's no guarantee that the alternatives would have enough money behind them to really cover the millions of Americans who are hurting from high drug costs. Meanwhile no one wants to see the pharmaceuticals industry, which has been full of inventions during the past decades, be stifled by government meddling...
...addition to his gig studying and advocating health policy at A.E.I., Gingrich is a visiting fellow at Stanford University's conservative Hoover Institution, where he focuses on technology and society. And while neither place pays him, Gingrich is for the first time in his life earning big money for his thoughts, making speeches--35 or 40 so far this year--for which he charges $35,000 in Washington and Atlanta and $50,000 when he has to travel. "Every audience gets it," he bubbled in an interview last week. "In the country at large, there is an understanding that...