No one is going to sing Kumbaya for someone earning $200,000, $400,000, $600,000 a year, but that doesn't mean you lay down and accept the pummeling. Before I get to an action plan, I'm going to sum up the "Crushing of the Upper-Middle Class" (UMC) … [Continue reading] about WHAT IS TO BE DONE?
THE ESTATE TAX PT II: THE STATES TAKE THEIR POUND OF FLESH TOO. PLUS OTHER SMALL INDIGNITIES.
Woe be he who decides to die in NYC. Though the reality is many people choose to move to low inheritance tax states for lifestyle purposes, why should one feel compelled to not live where they want to at the end of their lives? Sadly, there's one … [Continue reading] about THE ESTATE TAX PT II: THE STATES TAKE THEIR POUND OF FLESH TOO. PLUS OTHER SMALL INDIGNITIES.
THE ESTATE TAX DEATH BLOW
Just when you think you have gotten through that last hurdle and finally vaulted your genes out of the upper middle class and into the truly wealthy, they crush you with estate taxes. Though this tirade is really for the upper part of the upper … [Continue reading] about THE ESTATE TAX DEATH BLOW
SOCIAL SECURITY & PENSIONS
For all it's bad raps, I think pretty highly of Social Security. While a lot of people like to focus on its future insolvency and occasionally refer to it as a Ponzi scheme, I think the original idea behind it and the structure, were pretty solid. … [Continue reading] about SOCIAL SECURITY & PENSIONS
AFFORDABLE HOUSING: IT’S NOT JUST FOR THE POOR ANYMORE
Apartment 23D and apartment 24D are two identical units in Hunters Point South, New York City's largest affordable housing project in over thirty years. Both contain 1100 square feet, have two bedrooms, all new modern appliances, exquisite views, … [Continue reading] about AFFORDABLE HOUSING: IT’S NOT JUST FOR THE POOR ANYMORE