The End Of Our Company-Paid Health Insurance by Larry M. Elkin, CPA, CFP® Response(s): 6
What A Feeling by Larry M. Elkin, CPA, CFP®
From: 02/05/10 |
A 100-Year Promise (Picture Frame Not Included)
By Larry M. Elkin, CPA, CFP®
September 3, 2010
Not long ago, I paid $25 at an antiques store to buy an old $1,000 bond that now hangs, framed, in our office in Scarsdale, N.Y. The beautifully engraved bond was issued by the Lehigh Valley Terminal Railway Company, a newly organized subsidiary of the Lehigh Valley Railroad, on Oct. 1, 1891. It recites that the [...]
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104 view(s)
September 3, 2010
Not long ago, I paid $25 at an antiques store to buy an old $1,000 bond that now hangs, framed, in our office in Scarsdale, N.Y. The beautifully engraved bond was issued by the Lehigh Valley Terminal Railway Company, a newly organized subsidiary of the Lehigh Valley Railroad, on Oct. 1, 1891. It recites that the [...]
To read the complete post, click here.
104 view(s)
The Kids Are Alright; Parents Will Be, Too
By Larry M. Elkin, CPA, CFP®
September 2, 2010
Across the country, families have been packing their children (and a roomful of their children’s possessions) into trucks and SUVs and heading for college. It’s a big day for parents and students alike. For the colleges, though, it’s just one more start to one more school year. Some of them wish the parents would just go [...]
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1 response
169 view(s)
September 2, 2010
Across the country, families have been packing their children (and a roomful of their children’s possessions) into trucks and SUVs and heading for college. It’s a big day for parents and students alike. For the colleges, though, it’s just one more start to one more school year. Some of them wish the parents would just go [...]
To read the complete post, click here.
1 response
169 view(s)
The End Of Our Company-Paid Health Insurance
By Larry M. Elkin, CPA, CFP®
September 1, 2010
For 15 years, I have taken pride in paying the full cost of health insurance for every full-time Palisades Hudson employee who wanted it. This month marks the last time I will do that. Beginning in October, our 20 employees will make their own decisions, and their own arrangements, regarding health coverage. They can stay on [...]
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6 responses
1,266 view(s)
September 1, 2010
For 15 years, I have taken pride in paying the full cost of health insurance for every full-time Palisades Hudson employee who wanted it. This month marks the last time I will do that. Beginning in October, our 20 employees will make their own decisions, and their own arrangements, regarding health coverage. They can stay on [...]
To read the complete post, click here.
6 responses
1,266 view(s)
The ‘Risk-Aversion’ Misnomer
By Larry M. Elkin, CPA, CFP®
August 31, 2010
Financial advisers often discuss investors who are “risk-averse.” But people, on the whole, are not terribly averse to risk. We are, on the other hand, extremely averse to loss. Imagine the following game show scenario: You are offered the choice of receiving $3,000 in hand, right away, or the potential for $4,000 with a 20 percent [...]
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114 view(s)
August 31, 2010
Financial advisers often discuss investors who are “risk-averse.” But people, on the whole, are not terribly averse to risk. We are, on the other hand, extremely averse to loss. Imagine the following game show scenario: You are offered the choice of receiving $3,000 in hand, right away, or the potential for $4,000 with a 20 percent [...]
To read the complete post, click here.
114 view(s)
The First Alzheimer’s Vaccine: A Helmet
By Larry M. Elkin, CPA, CFP®
August 30, 2010
Medical researchers who are furiously trying to develop new tests, vaccines and treatments for Alzheimer’s and other devastating brain diseases have pointed us toward something we can use immediately: a helmet. We are not talking about some type of super-helmet with miraculous prophylactic powers. Just an ordinary helmet, suited to the activities many of us like [...]
To read the complete post, click here.
395 view(s)
August 30, 2010
Medical researchers who are furiously trying to develop new tests, vaccines and treatments for Alzheimer’s and other devastating brain diseases have pointed us toward something we can use immediately: a helmet. We are not talking about some type of super-helmet with miraculous prophylactic powers. Just an ordinary helmet, suited to the activities many of us like [...]
To read the complete post, click here.
395 view(s)
Today’s Miserables Confront Javert’s Three-Strikes Law
By Larry M. Elkin, CPA, CFP®
August 27, 2010
It cost $47,102 to house an inmate in a California state penitentiary in 2008. For 13 years, Gregory Taylor was one of the people Californians paid to keep locked up. Taylor was jailed for trying to break into a church kitchen to find something to eat. Taylor was homeless at the time and was coping with drug [...]
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229 view(s)
August 27, 2010
It cost $47,102 to house an inmate in a California state penitentiary in 2008. For 13 years, Gregory Taylor was one of the people Californians paid to keep locked up. Taylor was jailed for trying to break into a church kitchen to find something to eat. Taylor was homeless at the time and was coping with drug [...]
To read the complete post, click here.
229 view(s)
One Less Reason To Flee New York
By Larry M. Elkin, CPA, CFP®
August 26, 2010
As we conclude this hard-times summer of the “stay-cation,” New Yorkers who are contemplating divorce can finally end their marriages in a civilized way, without leaving home. Until this month, New York was the last state to require a divorcing spouse to prove that the other party was guilty of cruelty, adultery or abandonment. Every other [...]
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1 response
184 view(s)
August 26, 2010
As we conclude this hard-times summer of the “stay-cation,” New Yorkers who are contemplating divorce can finally end their marriages in a civilized way, without leaving home. Until this month, New York was the last state to require a divorcing spouse to prove that the other party was guilty of cruelty, adultery or abandonment. Every other [...]
To read the complete post, click here.
1 response
184 view(s)
Rooting For Gridlock And A Tax Hike
By Larry M. Elkin, CPA, CFP®
August 25, 2010
You don’t hear this very often, but I hope my taxes go up next year – and yours, too. I do not have a burning desire to send more money to Washington. I don’t have a ton of disposable cash and no better place to use it. I do not buy the patently silly argument, propounded [...]
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312 view(s)
August 25, 2010
You don’t hear this very often, but I hope my taxes go up next year – and yours, too. I do not have a burning desire to send more money to Washington. I don’t have a ton of disposable cash and no better place to use it. I do not buy the patently silly argument, propounded [...]
To read the complete post, click here.
312 view(s)
How Everyone Came To Have A Second Mortgage
By Larry M. Elkin, CPA, CFP®
August 24, 2010
A quarter-century ago, only someone in desperate need of cash would take a second mortgage. Then Congress changed the tax rules, and today, millions of Americans have “home equity” lines. Banks are losing $30 billion a year on these products, and untold thousands of families stand to lose their homes to foreclosure. Is this another [...]
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338 view(s)
August 24, 2010
A quarter-century ago, only someone in desperate need of cash would take a second mortgage. Then Congress changed the tax rules, and today, millions of Americans have “home equity” lines. Banks are losing $30 billion a year on these products, and untold thousands of families stand to lose their homes to foreclosure. Is this another [...]
To read the complete post, click here.
338 view(s)
The Roth IRA Conversion Clock is Ticking
September 7, 2010
With only a few months left in 2010, time is running out to take advantage of a valuable and often misunderstood opportunity. Beginning this year, all taxpayers are allowed to convert their traditional IRAs to Roth IRAs, regardless of their income levels. With tax rates scheduled to increase next year and the stock market down year-to-date, [...]
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169 view(s)