You hear a lot in the media debating the merits of term life insurance versus the merits of permanent life insurance policies, including whole life and universal life insurance. Anyone who advocates 100% for or against any kind of life insurance structure is missing the point: The best type of insurance to own is the type that is in place when…read more →
In last week’s New York Times, the front-page article was titled, “Baseball’s Integrity Crisis: Doctored Balls.” Cheating in sports has been bothering me for a long-time now! It is one reason why I retired from all fantasy sports in 2019 and have not read any sports box scores (those that know me this is crazy) since 2019. The money is…read more →
Americans love their pets! Almost 7 of 10 households in America have a pet, many treat their pet like a family member. The number of pets has increased in the past year due to the pandemic. There are health benefits (mostly with dogs) to owning a pet, such as more exercise and lower stress and depression levels. Dogs have 60…read more →
In 1946, Anna Intelisano (RIP), my grandmother, came to the USA by herself, speaking no English, and leaving her 4 year-son, (my Father Robert Sr.), and her husband Salvatore Intelisano in Sicily. Anna was 29 and left a middle-class lifestyle in search of “The American Dream!” It did not start well as she started as a maid cleaning floors, then…read more →
One thing this pandemic has done is flush out poor advisors, as there is no hiding during Covid-19. CPAs, Attorneys, Insurance Advisors, Stockbrokers and Financial Planners should be well-aware of the latest Covid-19 updates, income tax and estate tax rule changes to properly advise their clientele. I have been on many Zoom Panels, Seminars, Workshops, and Podcasts over the last…read more →
Last week we talked about 4 ways to tap into the cash of your life insurance policy. This week, we are taking it to the next level and will outline ways to exchange (or rollover) an existing annuity, life insurance or endowment policy for a better policy whilst deferring tax on the transaction. Since President Biden has proposed increasing capital…read more →
There is an old saying, “Ignorance is Bliss!” My new saying during this Covid-19 era is “Ignorance is Super-Expensive!” In my 30-year career, I have never seen more advisor ignorance and malpractice. Keep this in consideration if this is the first you are hearing about this. There have been MAJOR CHANGES in tax deadlines and proposed changes in tax, gifting,…read more →
Never has your diet been more important than during what I call the current Covid-19 Era! This is not the time to be going to the hospital or outpatient clinics for heart surgery. One of the most dangerous aspects of Covid-19 is its unpredictability as to which body organs it chooses to attack! My friend Don recently had a heart…read more →
It is no secret that the United States of America spends the most money in the world per person on our health and well-being. Our health systems are expensive and inefficient. The pharmaceutical companies are getting richer by the day! Many Americans have been quarantining and have avoided regular medical, dental and vision annual exams and physicals, especially in…read more →
Springtime and “March Madness,” one of my favorite times of the year! This is also the time when colleges and universities send out the majority of their “acceptance letters,” in late March and early April. The pandemic has turned the college’s selection process upside down. This has created a MAJOR OPPORTUNITY for informed parents and their students to get into…read more →
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