Author Archives: Evan

Evan is a married 30 Year Old Attorney from New York. He works as a Director in a Financial Planning Firm working Planners who devote their time planning for High Net Worth individuals. Since there is no professional relationship between the reader and Evan, NOTHING on this site should be construed as Legal or Financial Advice.

What is a Stand-Alone Living Benefit? Guaranteed Income Without an Annuity?

I was intrigued when I came across a product called a Stand-Alone Living Benefit (SALBs) which promises lifetime income without having to actually buy a fixed or variable annuity.  It is often said that necessity is the mother all invention and so with more and more baby boomers changing their strategy from accumulating assets to…

What is SIPC? Stanford Case Set to Challenge What is Eligible

Anyone with some type of broker account has seen the term, “Insured by SIPC” but what does that mean? Is it like your bank account being FDIC Insured? In short, No.  The “I” in SIPC is often confused for insurance, but it actually stands for Investor. The Securities Investor Protection Corporation otherwise known as SIPC…

Responding to When Someone Calls you Cheap

The other day I was talking to a buddy and he called me cheap.  It wasn’t anywhere near the first time that this happened, nor will it be the last.  I don’t usually take much offense because I am comfortable with myself and my spending habits, but for whatever reason this simple conversation got me to thinking…

Avoiding Common Mistakes People Make With Their Money

How good are you at managing their money? For instance, if you were asked without warning for a breakdown on the state of your finances, would you be able to provide one? The answer may well be yes, but it’s also just as likely to be no. Managing your money is important no matter how…

April 2012 Update of My Dividend Investment Portfolio Watch List

Every 60 days or so I like to update the watch list for my Dividend Investment Portfolio and since my last update was in February 2012  I figured it was about time.  These posts are to provide myself with a “watch list” for stocks to buy based on a snap shot in time of the…

April 2012 Net Worth Update – Finally Doubled Up!

When I first started my zero net worth experiment I was curious how long it would take me to double my net worth.  Well, as the title indicates, 13 or so months later I finally did it!  As a reminder on January 18, 2011 I took my positive net worth and made it zero.  This…