Why Angelina Jolie Chose to Have Her Ovaries Removed

Nearly two years after announcing she had gotten a preventive double mastectomy and encouraging women to get tested for the BRCA1 breast cancer gene, actress and director Angelina Jolie says she has had her ovaries and Fallopian tubes removed to reduce her risk of ovarian cancer, the disease that killed her mother at age 56. As she did in 2013, Jolie wrote an essay for the New York Times explaining that she carries a gene that gives her “an estimated …

Lending to Relatives? What You Need to Consider

Sonny has bad credit and needs a small business loan. Of course you want to help, but can you make the payments or afford losing collateral if he defaults? Your daughter is going through a divorce and she needs the security deposit for her new apartment. If you give it to her, can you count on her to pay it back? Auntie wants to go to Las Vegas and has asked her children, nieces and nephews to pitch in so …

Are You a Risk-Taker? Don’t Be Fooled by Bull Market

I’ve filled out more than a few risk-profile questionnaires over the years. These forms are supposed to measure how much investment risk you’re comfortable with, such as what percentage of your portfolio should be in risky stocks versus low-risk bonds. Every questionnaire I’ve ever done has pegged me as a living-on-the-edge kind of guy who should have between 70 percent and 91 percent of my money in stocks or stock funds. And that’s the problem. In reality, only 45 percent of my money is in stock and stock funds, …

Should I Buy Long-Term Care Insurance?

One of the most frequent questions I get from clients is whether to buy long-term care insurance. With the average cost of a private room in care facilities topping $94,000 a year, according to a 2013 study by insurer John Hancock, it’s a reasonable concern. Many of us will need some form of long-term care (LTC), so the question of whether to buy insurance to help with the associated costs is a real one. I think the decision is a very close call. At …

Non-Traded REITs – Warning, Danger Ahead

Are you looking for income? One solution often pitched is private and non-traded REITs (real estate investment trusts). REITs raise money to buy income-producing real estate. In this low-yield environment, they are touted as having high yields and no market risk, and as alternatives to bonds. These days, REITs are selling like hotcakes. According to Investment News, sales doubled to $20 billion in 2013 from a year earlier. Sales were likely to be robust for 2014 as well, though the Wall …

Stress, Anxiety Raise Risk of Alzheimer’s for Women

Middle-aged women who are worried, moody, jealous and stressed have double the risk of developing Alzheimer’s disease later in life as do those with calmer personalities, according to a new Swedish study published in the journal Neurology. Swedish researchers followed 800 women — average age, 46 — for nearly 40 years and gave them personality tests to judge whether they were neurotic, stressed, introverted or extroverted. The researchers also studied hospital records and the results of neurological exams to determine whether …