How Your Collections and Collectibles Affect Your Estate Plan
Every year since his son, Matthew, was born, Pete Robinson would buy a bottle of fine scotch as a little celebration. The New York Post reported that Matthew inherited 18 consecutive years of Macallan whiskey—a “vertical” as it’s called in…
Will the U.S. Presidential election impact your financial plan?
If there’s one constant in investing, it’s this: markets don’t like uncertainty. And the political noise around the upcoming U.S. Presidential election can make matters seem more volatile and uncertain than they really are. Each side predicts doom and gloom…
Required Minimum Distributions (RMD) Holiday in 2020
The Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 eliminated the need for retirement account holders to take Required Minimum Distributions (RMDs) for this year. This RMD holiday for 2020 is very unique and the lack of a…
What Can Investors do with a Lump Sum? Dollar Cost Averaging.
One of the biggest challenges investors will face is the question of timing – “If I have a significant amount of cash, when is the best time to invest it?” Investing just before a market crash can lead to regret.…
Hospitality Squares: 6 Core Themes in Food & Beverage
Since the start of the COVID crisis and the shutdown, I've been co-hosting a regular Zoom call with Sam Goldfinger and Andy Peskoe, good friends and veterans of the hospitality industry, we've called "Hospitality Squares." For those of you old…
Food & Beverage Industry Innovation Amid COVID-19
Among the most serious concerns when stay-at-home orders were put in place during the pandemic was how people would have access to food. Grocery stores, restaurants, and other food and beverage purveyors were deemed essential businesses, and protocols were put…
Why the Cash Couch Isn’t the Place to Settle
Two years ago, amid rising interest rates, trade wars, and concerns that the longest economic expansion in history had to come to an end sometime, market volatility made a comeback. At the time, many investors thought about going to cash…
Financial Planning in the “Sandwich Generation”
Written by Barbara Bilello, Jane Newton and Abby RosenYou’re focused on hitting a big deadline at work when your father calls. He seems very forgetful lately. As you worry about his well-being, your daughter texts you because she’s stressed out…
Why Own Long-Term Bonds in your Portfolio?
Selecting investments for your portfolio is a critical part of planning for your financial future. So where do you start? Stocks? Bonds? Real Estate? The truth is that it is different for everyone, however, there is a core principle that…
Recreate Stretch IRA with a Charitable Remainder Trust
As of January 1, 2020 new legislation called the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) became effective which profoundly impacts a favored strategy for beneficiaries who inherit IRA accounts. Prior to the SECURE Act, beneficiaries of…