On October 1st, the State of Connecticut put in force a new law governing powers of attorney (POAs) called the Connecticut Uniform Power of Attorney Act. The Act attempts to clarify certain things that were unclear under the prior law, but any powers of attorney made prior to its passage… Continue Reading..
The size and scope of receipts has gotten ridiculous. Whether you’re buying bottled water at CVS or lunch at Boston Market, you’re likely to get a receipt that is at least a foot long and loaded with type that says: How did we do? Call our toll-free number and receive… Continue Reading..
Wells Fargo really stepped in it recently—or rather, over the last few years. It has been confirmed that it fraudulently opened two million fake accounts that were all tied in with real, established accounts, all without the knowledge of the real account holders. In congressional testimony and leaks to the… Continue Reading..
Whenever we talk to our young adult children about money, it’s a good idea for us to be careful about what we say and how we say it. For starters, don’t come off as bossy or tell them what to do—because they may do the opposite just to spite us.… Continue Reading..
In the beginning of August, one of my clients began renting a property to a new tenant. We set up a system where the rent would be deposited into a certain account at XYZ Bank, and my client proceeded to go back to her home in Europe. Not long after… Continue Reading..
Retirees are always prime candidates for financial scams. Scams come from phone calls, emails, faxes, and sometimes they show up on your doorstep. In this post I examine three different scams that happened to good people in real life. The Door-to-Door Salesperson An elderly client received a knock at the… Continue Reading..
One of the most often overlooked aspects of running a business is to create a system—as I mentioned in my book: you need a system, I need a system, EVERYBODY NEEDS A SYSTEM! And I’m not talking about your circulatory system, or your nervous system—indeed, the system I am talking… Continue Reading..
"The Dutch came to New York City and established a trading post there to make a buck, or to make a guilder." - Historian Kenneth Jackson And so began the hustle and bustle that would eventually come to be iconic of New York City. Whether you’re a “New York, New… Continue Reading..
You’ve scrimped and saved, made deals with devils, and reached out to friends far and wide for help: Your teenager is going to the mall without you. But instead of viewing Johnny’s or Jane’s first solo expedition into the world of boutique electronic stores and eyebrow-piercing salons as a bad… Continue Reading..
Many people assume that I work exclusively with elderly clients, and I get it: I am a former board member at Silver Source of Stamford, I have many clients who are seniors, and I love working with them. The truth is that only 30% of our client base can be… Continue Reading..