Personal Finance Daily: Gifting stock for the holidays

	Personal Finance Daily DECEMBER 04, 2012 Tuesday's Personal Finance Stories By MarketWatch Don't miss these top stories: The tax benefits of gifting stock Get ready to go over the fiscal cliff U.S. GDP on the road to zero growth by 2050 There's a 30% chance this column is lying More people are considering the gift of stock for the holidays this year, given that the lifetime gift-tax exemption is set to decrease to $1 million, from $5.12 million, at the beginning of 2013. Learn about the pros and cons of giving stocks in a story by Charles Passy today. Also, check out our Retirement section for an Elizabeth O'Brien column on whether long-term-care coverage is worth the price and an Encore blog on finding safer cars for older drivers. —Amy Hoak , assistant editor The tax benefits of gifting stock With year-end tax changes and the fiscal cliff looming, more parents, grandparents and others are giving kids stocks this holiday season. The tax benefits of gifting stock. Long-term care coverage: Worth the price? Many people hear "long-term care insurance" and think "nursing home." The thought often ends there. Few want to end their life in a care facility, so why would they buy a product that enables them to do just that—a complicated, often expensive product to boot? Long-term care coverage: Worth the price? Finding safer cars for older drivers The car-key debate can be a thorny source of friction in families where the elderly parents are still healthy and active. While self-aware seniors will usually admit that their reaction times and sensory acuteness aren't what they were in their prime, they're seldom willing to risk forfeiting the independence that comes with being able to drive on their own from place to place. Finding safer cars for older drivers. ECONOMY AND POLITICS Get ready to go over the fiscal cliff Just because Washington isn't likely to drive us off the fiscal cliff, don't think for one moment that getting through 2013 is going to be a piece of cake, writes Irwin Kellner — indeed, it will be just the opposite. Get ready to go over the fiscal cliff. U.S. GDP on the road to zero growth by 2050 Near zero economic growth by 2050? Yes, America's economy is collapsing. Fast. U.S. GDP on the road to zero growth by 2050. Governors getting say on fiscal-cliff talks A bipartisan delegation of governors is set to meet with President Barack Obama and congressional leaders to discuss the impact on budget cuts on their states' budgets. Governors getting say on fiscal-cliff talks. Bank profit high not just from rewriting bad debt Bank profits reached a six-year high in the third quarter — and the increase in the bottom line wasn't just coming from declining provisions for loan losses Bank profit high not just from rewriting bad debt. U.S. home prices edge lower in October: CoreLogic U.S. home prices edged lower in October, even as the year-on-year change registered the strongest advance in more than six years, a data provider said Tuesday. U.S. home prices edge lower in October: CoreLogic. Australia cuts rates back to crisis-era low The Reserve Bank of Australia makes its last rate move of the year, cutting the country's policy interest rate back to a level last seen at the height of the global financial crisis. Australia cuts rates back to crisis-era low. INVESTING China's stock market is a value trap However ineffective in reviving the U.S. economy, low interest rates have reinflated U.S. equity markets, driving the Standard & Poor's 500-stock index to nearly double its value since February 2009. The same can't be said for China's stock markets, writes Junheng Li. China's stock market is a value trap. Large caps will beat small until year-end You might want to stay away from the riskier small caps until the end of December, writes Mark Hulbert. Large caps will beat small until year-end. Apple faithful irked by visitor-center idea Computer historian and author David Greelish thinks Apple should have a visitor center at its proposed spaceship campus. The idea seems unpopular, but there are many reasons why it's a good one, writes Therese Poletti. Apple faithful irked by visitor-center idea. There's a 30% chance this column is lying This could be true: A new poll shows that the public considers journalists to have the same honesty and ethical standards as bankers, writes David Weidner. There's a 30% chance this column is lying. Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. 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