This June, my wife, Janie and I went to Europe for a well-deserved vacation. We had planned the trip for almost a year: booking our airplane flights, booking a group tour with a major tour company and coordinating our activities so we could be joined by our dear friends from New Jersey. Timing was the all-important factor. We knew we were dependent upon God for our weather, but never did we think about how labor organizations could play a role in deterring our desired outcome. Our flights were booked through Air France. Little did we know, there were planned strikes by pilots, and then later by air controllers, that would affect our trip.
Identity theft has become one of the fasted growing crimes in America. The Federal Trade Commission has found that 9.9 million American fall victim to identity theft every year. Many of us have personal experience being victims of identity theft. Last fall, my car was broken into and my purse, containing my driver’s license, credit cards, etc. was stolen. Not only was I scared for the safety of myself and my family, but I was now faced with significant financial concerns as the criminals attempted to purchase various items under my name.
Last week my wife, Mia, went on a reunion binge, traveling to the East Coast for her reunions for undergrad and graduate schools. Accordingly, I got the kids for Memorial Day Weekend and the week thereafter.
Our Chief Technology Officer and reluctant nerd, Tony Shur recently got involved with hobby drone flying. Since this is a fascinating and growing space, we thought it might be fun to have Tony talk about his experience in case there are other budding drone enthusiasts out there among our reluctantly nerdy clients and colleagues.
I just returned from an amazing ski trip in France. My father-in-law has wanted to ski the Alps for the better part of four decades, and this year we made it happen. It was great to enjoy time with family and to meet fellow skiers from around the world. But I was struck by an encounter with a group who had “won” the eight day ski trip for free by signing up investment clients. This wasn’t their first such trip, either, as they had been highly successful in “bringing in assets.”
Every year now, it seems that tax season brings about a resurgence of financial fraud. As we rely more and more on smartphones, we open up a whole new world to cybercriminals who desire access to our financial accounts, email accounts, text messages, etc.
We are only one month into the New Year, but one in three of us who made New Year’s resolutions have likely already abandoned them. Which left me wondering: why are we so fast to give up on what we want? And with 34% of us making money related resolutions, can we really afford to call it quits? Certainly the market gyrations we’ve seen since last summer have played into my thought process. Very few people are likely to find reviewing their January brokerage statements to be a goal affirming process.
Earlier this month, political and business leaders joined scientists from over 190 countries in Paris to address climate change. The resulting agreement (essentially to do whatever it takes to avoid global warming exceeding 2 degrees Celsius over pre-industrial levels) is almost certainly insufficient to effect a solution to climate change. First of all, there are no mechanisms to make the agreement binding. Moreover, the initiatives and mechanisms proposed seem disconnected from the 2-degree goal. But even though this conservationist considers the agreement weak, I was ecstatic with the outcome rather than disillusioned. Here’s why.
Prioritizing your goals is an important part of financial planning, but it often poses a tricky balance. And it turns out, we may not be wired to negotiate this balance particularly well. The Wall Street Journal recently highlighted a study out of the University of Chicago that showed that people were willing to borrow money at expensive rates to keep savings goals intact. Why?
I’m Elaina Kogan, and I’ve been with Singer Burke since February 2003. I began as a Senior Tax Accountant and was later promoted to a Tax Manager, but most recently, I’ve been honored with the opportunity to join the partner group. Singer Burke’s focus on planning, client education, and teamwork have made me proud of developing within this firm, and the experience has galvanized me for years to come!