Reducing 2015 Long-term Care Premiums

January 25, 2015 – People are living longer and requiring more costly long-term care services such as home care, assisted living care, and nursing home care.  Because the government is concerned about people draining their assets to pay for long-term care and subsequently putting pressure on the Medicaid system, some state governments and Uncle Sam offer tax credits and deductions that can reduce your premiums on a private qualified long-term care insurance policy. Here are the rules for 2015:

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Schindler Reappointed Treasurer of W. Eugene Smith Fund For Humanistic Photography

January 2015 – I’m proud to announce that the Board of Trustees of the W. Eugene Smith Fund has reappointed me as Treasurer of the Fund for a  third  consecutive year. I served as Secretary of the Board for the three years prior to becoming Treasurer.

The W. Eugene Smith Fund for Humanistic Photography is a non-profit organization that issues annual grants to photojournalists to pursue photographic projects focusing on the human condition in the spirit of W. Eugene Smith, the famous LIFE magazine photographer. My tasks include fundraising and producing the annual grant ceremony at the School of Visual Arts. (I secured Canon USA’s sponsorship for the past five years.) My fellow board members are affiliated with Christie’s, International Center of Photography, Getty Images,  Harbers Family Foundation, Photo District NewsThe New Yorker, Vanity Fair, and other leading photography organizations.

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Wall Street Journal Inteviews Schindler About Reducing Mortgage Rates

For Lower Interest Rates, Cash Talks

By AnnaMaria Andriotis

THE WALL STREET JOURNAL

Excerpt –

In The Wall Street Journal’s special Mansion supplement, Andriotis explores how some home buyers are using cash to dodge large mortgages or lock in lower loan rates.

AnnaMaria interviewed Schindler, a Financial Advisor, regarding how he reduced the interest rate on his own mortgage:

When Aaron Schindler’s offer was accepted on a two-bedroom, two-bathroom co-op in New York’s Upper West Side, he figured he’d make a 30% down payment and borrow the rest. But his mortgage broker said a jumbo loan would come with a 4.65% fixed rate, costing thousands of dollars in extra interest payments. So Mr. Schindler, a financial adviser, put 45% down, trading a jumbo mortgage for a smaller 4.37% rate. “It was the perfect middle ground,” he says.

See the rest of the story: For Lower Interest Rates, Cash Talks.

Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal or investment advice. Although the information has been gathered from sources believed reliable, please note that individual situations can vary, therefore the information should be relied upon when coordinated with individual professional advice.

Wall Street Journal Asks Schindler About 2011’s Lessons and Investing in 2012

2011’s Lesson: Balanced Diet Beats the Flavors of the Month

By AnnaMaria Andriotis and Catey Hill

THE WALL STREET JOURNAL

Excerpt –

Andriotis and Hill discuss how sticking to a portoflio allocation plan in 2011 versus trading on headlines of potential municipal and European sovereign defaults generated better results with most municipal bonds positive and the S&P 500 even for the year. Within the framework of a long-term allocation plan, the reporters ask Schindler what assets might outperform in the short to medium term:

Aaron Schindler, managing director at Wealth Advisory Group in New York, is telling clients to add more dividend-paying stocks to their portfolios, especially those in sectors with higher payouts, such as telecom and energy. He also suggests REITs, which must pay at least 90% of their taxable income (rents less expenses) to shareholders – as Americans continue to favor renting over buying real estate.

Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal or investment advice. Although the information has been gathered from sources believed reliable, please note that individual situations can vary, therefore the information should be relied upon when coordinated with individual professional advice.

Wall Street Journal Asks Schindler About How to Play the Rescue

Wall Street Journal Asks Schindler About How to Play the Rescue

By Ben Levisohn and Joe Light

THE WALL STREET JOURNAL

Excerpt –

Levisohn and Light explore how portfolios might react to last week’s coordinated moves by the Fed, European Central Bank, and central banks of England, Japan, Canada, and Switzerland to support and create liquidity in the global banking system. The reporters explain how the various equity and bond markets responded to seven coordinate international interventions since 1931, and how investors might position their portfolios now.

Aaron Schindler, a financial planner at Wealth Advisory Group in New York, recommends keeping as much as 30% of your portfolio in cash or a safe short-term bond fund.

“Keeping some dry powder also gives you room to buy once the economic outlook looks clearer,” says Lisa Shalett, chief investment officer at Bank of America Merrill Lynch Global Wealth Management.

For the bond segment of your portfolio, history shows that U.S. Treasuries have tended to pay off nicely following a central-bank intervention, no matter how stocks performed.

See the rest of the story: How to Play the Rescue.

Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal or investment advice. Although the information has been gathered from sources believed reliable, please note that individual situations can vary, therefore the information should be relied upon when coordinated with individual professional advice.

SmartMoney Asks Schindler About Selling in Turbulent Markets

3 Strategies for Selling

By Anna-Maria Andriotis

SMARTMONEY

Excerpt –

SmartMoney, the Wall Street Journal’s personal finance and investing magazine, asks Aaron Schindler whether investors should sell in these turbulent markets and how to create an exit strategy when “sudden market movements can turn losses back into gains (and vice versa).”

“I would only sell if you need cash to get through the next nine to 12 months. If that’s the case, I’d start by looking for stocks with decent profits, growth stocks that have grown so significantly that you believe really have run their course even if they’re 5% to 10% off their peak. I would look at tech (and growth) portfolios to see what’s run. Then I would turn to the dogs — stocks where you don’t think there’s much of a future and that had been losing for a while before this recent downturn began.” This strategy would allow a seller to potentially offset capital gains.

Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal or investment advice. Although the information has been gathered from sources believed reliable, please note that individual situations can vary, therefore the information should be relied upon when coordinated with individual professional advice.

SmartMoney Quotes Schindler on Disability Insurance

 

The Insurance Coverage You May be Losing

By Anna-Maria Andriotis

SMARTMONEY

Excerpt –

SmartMoney, the Wall Street Journal’s personal finance and investing magazine, quotes Aaron Schindler about how companies are trimming the benefits of group disability policies offered to employees. A disability insurance benefit replaces and pays a percentage of the insured worker’s salary if he or she becomes disabled and can’t work due to an accident or illness. The story concludes that the ways to make-up for these cutbacks are typically to purchase supplemental group coverage or an individual policy through one’s financial advisor.

For employees, the results are potentially grim. The odds of becoming disabled and unable to work are daunting. A healthy 35-year-old has about a 21% chance of becoming disabled for three months or longer during his career, according to the Council for Disability Awareness. And the average age of disabled-worker beneficiaries is around 53, according to the Social Security Administration. But in spite of the odds, most people don’t know what disability insurance is or covers, says Aaron Schindler, a certified financial planner at the New York-based Wealth Advisory Group.” They would typically only know about it if it’s offered at a job.” In fact, of the policies purchased in 2010, around 90% came through employers.

See the rest of the story: The Insurance Coverage You May Be Losing.

Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal or investment advice. Although the information has been gathered from sources believed reliable, please note that individual situations can vary, therefore the information should be relied upon when coordinated with individual professional advice.

The New York Times Speaks to Schindler About Wealth Management for Successful Artists

The “Wealth Matters” column in The New York Times quotes Aaron Schindler on managing assets and financial planning for successful artists.  Titled How the Rich and Famous Can Stay Rich (if not Famous), Wealth Matters columnist Paul Sullivan spoke to Schindler about the challenges of getting creative people to plan their finances and make adjustments according to age, career arc, shifting goals and dependents, and the type of legacy the artist wants to leave.

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Wall Street Journal Discusses Floating-Rate Bonds With Schindler

In Wealth Manager: A Contrarian Play on Inflation Fears, The Wall Street Journal ‘Weekend Investor’ discussed investing in floating-rate bonds with Aaron Schindler as a potential way to make money if inflation hits and interest rates rise. With the interest rate floating or reset on these bonds every 60 to 100 days, floating rate bonds are one of the few fixed income securities that typically correlate with interest rates. While short in duration, these bonds typically have a junk rating representing a higher risk of default than higher credit bonds.

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PBS Nightly Business Report Discusses New Stock Market Regs With Schindler

PBS ‘Nightly Business Report’ Correspondent Erika Miller interviewed Aaron Schindler in the New York studio about the Securities and Exchange Commission proposal to temporarily institute circuit breakers on all the stocks in the Standard & Poor’s 500-stock index after the huge market gyrations on May 6.

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Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal or investment advice. Although the information has been gathered from sources believed reliable, please note that individual situations can vary, therefore the information should be relied upon when coordinated with individual professional advice.

© copyright, all rights reserved, 2015, by Aaron Schindler

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