Monthly Archives: March 2012


If You Can’t Beat Them Join Them

If you believe that the rich get richer, why not just invest in them instead of against them? I am not talking about your next door neighbor with a couple German cars and a 45 foot boat…I am talking about investing with Billionaires! How? by following the Billionaire Index.  Created by Dr. Joel Shulman, C.F.A., of Babson College the Forbes Billionaire Index, is comprised of shares of 571 publicly traded companies that are owned, created or managed by individuals on the Forbes billionaires list. I think I like the idea so much because Dr. Shulman focuses on those businesses where the driving [...]

By |2013-09-26T14:56:23-04:00March 30th, 2012|Investments|15 Comments

Some Recent Thoughts about Personal and Professional Relationships

In the past 10 days or so, and I have some very interesting conversations and interactions that have led to some thoughts on the broad topic of Relationships.  My three observations are not connected in anyway but rather some ideas I have come to over the past few days that have struck me as really interesting. First some background, in the past 10 days or so: I traveled from Long Island to Pennsylvania (2.5 Hours driving) then Back to Long Island (another 2.5 Hours Driving) then 2 days later I took a Flight to Las Vegas for Work (5 hours of flying) then [...]

By |2012-10-29T17:16:33-04:00March 28th, 2012|Random|5 Comments

Be Very Scared If the Supreme Court of the United States Upholds Obamacare

It was almost exactly two years ago I asked the question whether Obamacare was constitutional and it seems we might finally find out the answer.  The Supreme Court of the United States is allowing 6 hours over the next couple days to answer 4 very specific issues that will ultimately decide the fate of the individual mandate and probably Obamacare as a whole. The issue that most people care about is whether the Federal Government can force citizens to purchase health insurance or get penalized for failing to do so.  I think most people forget/never knew that the Federal government is one [...]

By |2013-09-26T14:56:24-04:00March 26th, 2012|Politics|31 Comments

Would You Build an Income Stream Based on SPIAs If you are 30?

With pensions becoming as common as the Dodo bird, annuities are losing their negative connotation and are even becoming more and more popular in the main stream financial media.  Despite the fact that I am only 30 I have started giving real thought to purchasing small staggered Single Premium Immediate Annuities as part of my multiple income stream strategy. What is a Single Premium Immediate Annuity (SPIA)? At its most basic form an annuity is nothing more than, a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient’s life, in consideration of a stipulated [...]

By |2013-09-26T14:56:26-04:00March 22nd, 2012|Annuities|9 Comments

What is the Elective Share?

When I am helping a financial planner with an estate distribution schedule one of the first thing I ask is whether “everyone is on the same team?” With that question I am asking whether both spouses have a similar testamentary intent and/or are they aware of each other's testamentary intent?  The reasons that the question is so important is because of the Elective Share also known as a Spouse’s Right of Election.  Black’s Law Dictionary Defines the elective share as, The portion of a deceased person’s estate that a spouse is entitled to claim understate law. The statutory share is usually one-third [...]

By |2013-09-26T14:56:26-04:00March 19th, 2012|Estate Planning|1 Comment