Robert says he's heard about secret "770 accounts." What are they? Who can get them?

Google search will turn up all sorts of nonsense about 770 accounts, also sometimes referred to as "presidents accounts."

ASK LAZ: Smart answers to consumer questions

Supposedly, these are super-sneaky tax shelters for the super-rich -- yet another example of how the 1% gets more out of life than the rest of us.

The reality is a bit more mundane.

To find out what a 770 account really is, check out today's Ask Laz video.

If you have a consumer question, email me at asklaz@latimes.com or contact me via Twitter @Davidlaz.