As anyone trying to choose a Medicare plan can tell you, transitioning into retirement isn’t as straightforward as it looks. There are a lot of decisions to make, and most of them don’t have easy answers. One of the biggest issues in transitioning to retirement is income planning. How can you plan your income in […]
Should You Consider a Covered Call Strategy in Your Portfolio?
Several years ago (time flies!), I wrote an in-depth article about selling covered calls for a group of clients who wanted to know more about the strategy. Since then, I’ve had a number of conversations about it with investors looking to generate income from their portfolios or possibly unwind large positions. It’s time to revisit […]
An Overlooked Estate Planning Tool if You Don’t Have a Trust: The Life Estate
In my experience, most people remember to do basic estate planning tasks like adding beneficiaries or a Transfer on Death designation to important financial assets. But what about your home? Just designating a beneficiary in your will or assuming the home will pass to your children could create problems for your heirs. After all, probate […]
What Donald Trump’s Presidency Means For Your Investments – POTUS
Political news has been dominating the headlines since the start of the election cycle last year, and it doesn’t look like it’s going to be letting up any time soon. After a strong end to 2016, we have started off 2017 equally as strong. This has led people to ask me what I think about […]
The 2 Massive 401(k) Mistakes Business Owners Make – Here’s How to Avoid Them
There are two huge mistakes that business owners commonly make when it comes to their company 401(k): they don’t understand the gravity and breadth of fiduciary responsibility, and they shoot themselves in the foot with high cost structures and poor investment options. Once you see the hard numbers in front of you, streamlining costs is […]
What Does This Election Mean for Your Portfolio?
The roller-coaster of this year’s election ended last night with what most pollsters considered a surprise victory by Donald Trump. The Republican party is also in control of the House and Senate. While stock futures were rocked overnight, as of this writing (12:30 pm EST on November 9, 2016) the broad American indices were in […]
Social Security: Delay or Hit Go?
Pre-retirees spend a lot of time planning their investments, budgets, and lifestyles for the transition to retirement. But Social Security is just as important, if not more so, and by making the most of it you could significantly boost your retirement income. But how do you do it? The biggest blanket piece of advice out […]
Building Additional Income in Your Portfolio: How to Invest in Preferred Stocks
With interest rates so low for so long, I’ve fielded a number of calls from clients looking for ideas for additional income/dividends. The question is always the same: where to find it? Depending on the client, preferred stock can be a great asset class to complement the right portfolio, but it can also be confusing […]
Use Your Investments to get a Much Cheaper Loan: Investment Credit Lines (ICL)
You’ve probably heard of margin loans, but do you know about investment lines of credit (ICLs)? Like margin loans, ICLs are backed by the assets in your portfolio but are used for non-securities investments — meaning you can’t use them to buy stocks and bonds. In my experience, ICLs also tend to be cheaper and […]
How to Choose the Best Financial Advisor For You! Looking for a top advisor in Long Island, New York, or Nassau County? Take 10 minutes to read this.
Like anyone in business, I’d like to think that I’m at the top of everyone’s list of potential wealth advisor. But the reality isn’t that simple: working with an advisor is a two-way street, and the most successful relationship is one in which your needs and preferences are compatible with the business of the person […]