January 2017 – 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 fifth 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 seven years.) My fellow board members are affiliated with Christie’s, International Center of Photography, Getty Images, Photo District News, National Geographic, Vanity Fair, and other leading photography organizations.
January 5, 2017 – 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 2017:
August 27, 2015
Margin Calls Bite Investors, Banks
By Michael Wursthorn & AnnaMaria Andriotis
THE WALL STREET JOURNAL
Wursthorn and Andriotis explore how some lenders are issuing margin calls to investment clients as global markets have decreased in value, forcing investors to chose between adding funds to their accounts or selling some of the securities underlying the loans.
Schindler suggested that clients should not over-leverage or maximize loans beyond 50% of the value of their accounts to minimize the risk of a margin call. “When you stick to borrowing lower numbers it would take a significant drop for this to occur, ”said Schindler.
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. 2015-11277
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.