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Proximity irrelevant when choosing a broker
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DEAR BRUCE: My wife and I, both retired, received a nice inheritance in the form of stocks and bonds. The investment company and the representative who dealt with us are in our hometown, but we have since moved many states away. Should we continue with this same office and representative, or should we now deal with the company's office in our new town? Of course the original representative would like to keep us; we just don't know if this is wise or not. — Joseph in Michigan DEAR JOSEPH: Given that the representative handling the stocks and bonds apparently has done a decent job and had the confidence of your benefactor, and considering your lack of knowledge in this area, I would have no problem keeping the investments with the original representative. The fact that he or she is in another state has no relevance. I originally lived in New Jersey and now live in Florida. I still have investments with a company in my first hometown. In today's world, no matter where the broker is, he's in your backyard. DEAR BRUCE: Is there any way I can protect myself from my husband's debt? — Reader, via email DEAR READER: You have asked a profound and deep question to which there is no absolute answer. First, it depends on what you have signed during your marriage. Generally speaking, a husband and wife are both considered liable for debts incurred during the marriage. Even if the courts decide that your husband is responsible as far as creditors are concerned, you — as his wife — are very much on the notes. If you are as concerned as you appear to be, you should consult an attorney in your state and find out precisely what you can do now to protect your interests. Time is your enemy; get on it. DEAR BRUCE: Can you explain a little about CDs? I want to leave some extra money to one of my children, and a relative suggested buying CDs. This way it would not be in the will, as I don't want the other children to feel like I am favoring one over another. One child has more need, and one of the others cannot understand that. — R.P., via email DEAR R.P.: As I have said many times in my column and on my show, I wouldn't feel any guilt about giving one child more than another. Needs vary, and everyone should understand that. You have every right to leave whatever to whomever. You can buy a CD in your name with a provision that it will become that child's upon your death. Nobody has to know that you set it up this way. Just be certain the beneficiary knows the CD is there, so that he or she can contact the institution quickly and have the money turned over to him or her. (Send questions to bruce@brucewilliams.com or to Smart Money, P.O. Box 7150, Hudson, FL 34674. Questions of general interest will be answered in future columns. Owing to the volume of mail, personal replies cannot be provided.) 
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Today is Tuesday, June 18, the 169th day of 2013. There are 196 days left in the year.
1863 -- 150 years ago: Fanatics have grown wonderfully civil since the president snubbedthem by revoking Burnside's infamous attack upon the freedom of the press.
1888 -- 125 years ago: The Interstate baseball league has collapsed, leaving Davenport'sleading team without a league connection.
1913 -- 100 years ago: Passengers were stunned yesterday when lightning struck a LongView street car at 9th Ave. and 25th St.
1938 -- 75 years ago: X-ray examinations today traced the trouble with Dizzy Dean's$250,000 pitching arm to a pulled muscle back of his right shoulder blade.
1963 -- 50 years ago: Radio station WQAD in Moline is being considered by the NationalCivil Defense Office for selection as a "secured communication center" Mrs. Gault,executive deputy director of the Moline Civil Defense unit reported today.
1988 -- 25 years ago: "Marketplace 29 A.D." an unusual vacation Bible school programthat will allow children to live three days as people did during the Bible Times June 21-23. The three day program, is a joint project of Aldersgate and Bethel-Wesley UnitedMethodist churches.
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