Q3 2020 Quarterly Letter – A Pandemic, Politics and Your Portfolio
Navigating a raft in tumultuous white water seems an apt metaphor for what we are likely to experience in the markets coming into the election. Markets, like most individuals, hate uncertainty. The current election during the COVID-19 crisis is undoubtedly…
Understanding New Jersey Millionaire’s Tax
The long-rumored Millionaire’s Tax in New Jersey is now law. After many tries the tax was approved effective January 1, 2020 via a vote in New Jersey’s legislature in late September. It’s estimated that the tax will impact approximately 16,000…
Medicare’s Annual Election Period
The arrival of autumn brings about the changing leaves, pumpkins and cooler weather. It also brings about Medicare’s Annual Election Period (AEP). AEP, which happens between October 15 and December 7, provides the opportunity for current participants in Medicare to…
Making the Most of your Financial Aid
October 1st marks the start date for filing the Free Application for Federal Student Aid (FAFSA) for the 2021-2022 school year. A year of uncertainty has resulted in decreased enrollment, less on-campus housing, and dramatically decreased revenue from sports programs.…
Collections and Estate Planning – How Your Collections and Collectibles Affect Your Estate Plan
Part 1 of 4 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”…
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…