By Paul Palazzo, CFP®, COA
With people like Jules Robbins, it may be no wonder that New York State is looking to crack down on those who violate its tax laws, especially given its current fiscal problems. According to an article yesterday on Bloomberg Businessweek, the 83 year old New Yorker had opened a Swiss account through UBS in the name of a false company to avoid paying his taxes.
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By Nancy Mandell, guest blogger
The fleet is in—or soon will be—and not a moment too soon for anyone who, like me, has been immersed in World War II through “The Pacific,” the 10-part HBO miniseries produced by Steven Spielberg and Tom Hanks. Add to that, three new episodes of PBS Mysteries’ “Foyle’s War,” just aired, and it’s no wonder I’m excited at the prospect of watching the U.S. Navy vessels that will begin their parade up the Hudson River next Wednesday morning.
This year, four ships will make their way to the reviewing stand at Pier 86 (46th Street and Hudson River Park), home of the Intrepid Sea, Air & Space Museum, where senior military and political leaders will be on hand to welcome them. The USS Iwo Jima (Pier 88 South), the USCG Katherine Walker (Pier 88 North) and the HMCS Athabaskan (also Pier 88 South) will be open to visitors from 8 a.m. to 5 p.m. every day from Wednesday, the 26th through the holiday weekend. Lines will be capped at 4 p.m. The Athabaskan arrives on May 25th and departs the morning of Sunday, May 30, a day when all the ships will be closed to visitors.
The official high point of the holiday weekend takes place at 11 a.m. Monday when the annual Memorial Day celebration will include a ceremonial wreath laying, a three-volley salute, a flyover of military aircraft in the “Missing Man” formation, and the unfurling of a 100-foot American flag.
The entertainment at the pier promises to be a treat. At noon on Friday, May 28th the ladies in the cast of “Lend Me a Tenor” will host a Broadway showcase that includes performances from “Memphis,” “Promises Promises,” “American Idiot,” “Addam’s Family,” “Million Dollar Quartet” and “Hair.” At sunset, the Intrepid Summer Movie Series launches its 2010 season with “Top Gun.”
At noon on Saturday, you can catch a performance by the Broadway cast of “Wicked.” Stay on for a Tug of War at 12:30 p.m., and a performance by the West Point Jazz Knights Band at 2:30. From 5 to 7 p.m. Saturday night, Miss Babs & the Kickin’ Boogie Band and Reckon So will bring country music to the city. (Beware: Dancing is allowed on the pier!)
Tickets for the Intrepid Museum itself can be purchased at https://tickets.intrepidmuseum.org in advance for specific days.
By Karen C. Altfest, Ph.D, CFP®
Yesterday, NY Attorney General Andrew Cuomo sued Ivy Asset Management of BNY Mellon, for allegedly knowing about Madoff but keeping that information from clients.
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By Nancy Mandell, guest blogger
With Mothers’ Day just passed and Fathers’ Day on the horizon, it’s time for the readers among us to prepare for the inevitable. Under the wrapping paper and ribbons may lurk an electronic reading device—the new special occasion gift-of-choice from (self-supporting) kids to book-loving parents.
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By Alan Ng
Yesterday, a Financial Times article reported that the 10-year Treasury notes had just touched 3.5%, its lowest yield since mid-December. 3.5% is what I used to get when I kept $5,000 in my Chase Savings Account a few years ago!
By Nancy Mandell
Whether you’re drawn to the scent of sausages sizzling on street corners—or repelled by it—the facts are undeniable: Street Fair season has arrived.
By Tom Fredrickson
One of the laudatory goals of health care reform is to bring health care costs under control. As financial planners, we know how critical that can be. When we create a financial plan, we assume health care expenses will increase faster than general inflation. Suppose health care costs increase a mere 1.5 percentage points faster than the general rate of inflation (assumed in our plans at a conservative baseline of 3.5 percent). That might not sound like much of a difference, but over time, those 1.5 percentage points would really add up. Read More…
—and It’s Free!
By Nancy Mandell, guest blogger
Jazz fans, rejoice!
The April 29 Target Free Thursday concert —yes, there is a free concert EVERY Thursday night at 8:30—in the new David Rubenstein Atrium at Lincoln Center features an all-star jazz ensemble playing the music of Duke Ellington. The occasion is the 15th anniversary of ESSENTIALLY ELLINGTON, an annual high school jazz band competition sponsored by Jazz at Lincoln Center.
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By Qi Lu, Ph.D, Senior Portfolio Strategist
The free fall stopped in the second quarter of 2009 and economic recovery is well under way; yesterday the International Monetary Fund lifted its forecast of global economic growth to 4.2%. Although the National Bureau of Economic Research still believes it is premature to declare an official end to the recession, the view of strong economic recovery is gaining popularity and has certainly taken hold in the equity market. Investors are torn, however, between whether or not this recovery will be similar to past ones. Read More…
By Nancy Mandell, guest blogger
It was one of those gorgeous summer preview days in early April—a day that simply had to be spent outdoors. My friend and I considered the possibilities: Central Park, a Brooklyn walking tour, the Battery Park City Esplanade. But was there anything new under the Manhattan sun that we hadn’t experienced? Read More…
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