The famous comedy team of Bud Abbott and Lou Costello seemed to work extremely well together, especially in their famous "Who's on First?" routine. But to protect against a career-ending argument, they took out a $250,000 insurance policy over a five-year period. After more than 20 years together, the team split up in 1957 -- not due to a disagreement, but because the Internal Revenue Service got them for back taxes, which forced them to sell many of their assets, including the rights to their many films.
Finance Planning Tips
Here are some tips to help you with generating income and planning for the future.
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