Podcasts about binghamton

Is a Health Savings Account Right for You? Episode 395 – A Health Savings Account, or HSA, is one of very few financial vehicles considered “triple tax advantaged.” You can get a deduction going in, the money grows tax-free, and the money also comes out tax-free. But they're not for everybody as there are some major caveats. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 395 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: is a Health Savings Account right for you? What would you say if someone told you about an investment vehicle where you get a tax deduction going in, the money in the account grows tax-free, and the withdrawals are tax-free when they come out? Such a product exists, but it's not quite that simple. An Individual Retirement Account or IRA doesn't work that way. You get a deduction going in, but you pay income tax when you take the money out. A Roth IRA lets you take the money out tax-free (with certain qualifications), but you don't get a deduction when you put the money in. A Health Savings Account, or HSA, is one of very few financial vehicles considered “triple tax advantaged.”[1] You can get a deduction on monies going in, the money grows tax-free, and the money also comes out tax-free. But there are some major caveats to understand. HSAs don't work for everyone. Only certain people can contribute, and when you take the money out, there are some conditions that need to be met if you want to take full advantage of the tax incentives. Here's how an HSA works. To contribute, you need to be part of what the Internal Revenue Service or IRS calls a “High-Deductible Health Plan.” The IRS defines a high-deductible health plan as one that requires an annual deductible. A deductible is the amount one must pay out-of-pocket for healthcare before health insurance coverage will share in the costs. In 2026, the minimum deductibles for a high deductible HSA health plan are set at $1,700 for coverage on yourself only, and $3,400 if the coverage includes your family.[2] Also, the out-of-pocket maximum cannot be higher than $8,500 for self-only coverage and $17,000 for family coverage. There are more rules. To contribute to an HSA, you can't be enrolled in another plan that is not considered HSA-eligible, nor can you be someone claimed as a dependent on someone else’s tax return. If you're not sure whether your plan qualifies, you will need to ask either the benefits administrator where you work or the plan provider. And for the record, Medicare does not count as a high-deductible medical plan. So, you can't participate in an HSA if you're covered by Medicare. As with almost any tax-advantaged investment vehicle, there are contribution limits. For 2026, you can contribute up to $4,400 for yourself, or $8,750 if your high-deductible plan covers your family.[3] And much like a 401(k), your employer can match your HSA contribution. In fact, in 2024 approximately 84 percent of employees covered by a qualified HSA health plan also received a contribution from their employers.[4] Note that the limits above are overall limits that include both the employee and, if applicable, employer contributions. Then there's the issue of distributions from the account. Distributions can be tax-free, but with some significant restrictions. To be tax-free, the distributions must be used for what the IRS calls “qualified medical expenses.” And what are qualified medical expenses? These might include hospital care, ambulance services, hearing aids, lab fees, dental and vision care, and other things. You can even use an HSA for health-care-related travel, massage therapy and substance abuse treatment.[5] [6] An HSA can be used for expenses both big and small. If your distribution doesn't meet the qualifications, any withdrawals after age 65 are considered fully taxable, like a traditional IRA or 401(k). Before age 65 there is also a 20 percent early withdrawal penalty. This means that, if necessary, you could treat an HSA as a secondary retirement plan. But of course, if you have qualified medical expenses that need to be paid, the taxation incentive would make them a better option. When it comes time to withdraw money as needed, you can either pay the provider directly from the HSA account (many providers offer the use of a debit card tied to the account) or pay the provider yourself and get reimbursed from the account.[7] Note that an HSA is different from a Flexible Spending Account or FSA. An FSA is another, albeit generally less popular, type of account designed to help with medical expenses. The employer generally owns an FSA, whereas the employee owns an HSA. But an FSA is also, in most cases, a “use it or lose it” type of account. At the end of the year (plus an optional grace period), you lose any money that's left over in your FSA.[8] Also note that in most circumstances, you can have a general-purpose FSA or HSA, but not both.[9] An HSA has no such restriction when it comes to how long it takes to use it. If you don't spend the money, it rolls over within the account. It belongs to you forever, even if you switch jobs. Of course, these sums, invested over several decades, can amount to a significant amount of money by the time you use them. Compounding plays a role here just like most other investment vehicles, only this time it may all be potentially tax-free. One final thought about HSAs. As we've mentioned before, the cost of health care for seniors can be staggering. According to Fidelity, a 65-year-old individual may need an after-tax total of $172,500 to cover the cost of health care expenses in retirement.[10] In the right circumstances, an HSA can be a tax-efficient way to fund some of those costs. [1] Fidelity Learn. “What is an HSA, and how does it work?” Fidelity.com. https://www.fidelity.com/learning-center/smart-money/what-is-an-hsa (accessed July 23, 2026). [2] Fidelity Learn. “HSA contribution limits and eligibility rules for 2026 and 2027.” Fidelity.com. https://www.fidelity.com/learning-center/smart-money/hsa-contribution-limits (accessed July 23, 2026). [3] Id. [4] Fidelity Learn. “What is an HSA, and how does it work?” Fidelity.com. https://www.fidelity.com/learning-center/smart-money/what-is-an-hsa (accessed July 23, 2026). [5] MetLife. “What Can I Use My HSA for in 2026?” MetLife.com. https://www.metlife.com/stories/benefits/hsa-qualified-expenses/ (accessed July 23, 2026). [6] Miller, Kathryn. “What clients miss about HSAs — and how advisors can help.” Financial-Planning.com. https://www.financial-planning.com/news/what-clients-miss-about-hsas-and-how-advisors-can-help (accessed July 23, 2026). [7] Fidelity Learn. “Spending with your HSA.” Fidelity.com. https://www.fidelity.com/go/hsa/how-to-spend (accessed July 23, 2026). [8] Healthcare.gov. “Using a Flexible Spending Account (FSA).” Healthcare.gov. https://www.healthcare.gov/have-job-based-coverage/flexible-spending-accounts/ (accessed July 23, 2026). [9] Fidelity Learn. “HSA contribution limits and eligibility rules for 2026 and 2027.” Fidelity.com. https://www.fidelity.com/learning-center/smart-money/hsa-contribution-limits (accessed July 23, 2026). [10] Fidelity Learn. “What is an HSA, and how does it work?” Fidelity.com. https://www.fidelity.com/learning-center/smart-money/what-is-an-hsa (accessed July 23, 2026). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailKinsey Ford is a really funny comedian in Dallas. She started doing stand-up in Wichita, Kan., back in 2019 -- right before the pandemic. She moved to Charleston, S.C., for a year before settling in Dallas. She's working at the clubs and participating at festivals all over the country. She was at the Finger Lakes Comedy Festival in Ithaca and is coming back to New York for the Saratoga Comedy Festival in Saratoga Springs on Sept. 11 and 12. Follow Kinsey Ford: Instagram: https://www.instagram.com/kinseyfoundonroadd/TikTok: https://www.tiktok.com/@kinseyfoundonroaddeadWebsite: https://www.kinseyfoundonroaddead.com/Support the show

On today's Daily Puck Drop, Jason "Puck" Puckett , it's Day 3 for Puck at Cooperstown All-Star Village and he's run out of baby powder!!!  Puck recaps last night's game against a team that had THOSE parents and coaches. Puck then catches up with Jim Duquette, MLB Network Radio  and they breakdown Jim's time in Binghamton, New York when he was the GM of the New York Mets.  Puck went to the Rumble Ponies game last night. Jim gives his thoughts on the M's deadline, and he was not a fan. Then Puck switches gears and talks football with Mike Garafolo, NFL Network  and they get into the Devon Witherspoon contract talks with the Seahawks and Mike thinks it could drag on a little bit. Finally,  KJ-Arent's with Mitch Levy and the boys recap Puck's trip, Mitch's great story about being in Binghamton, New York. Puck is sweating and can't stop! (1:00) Puck   (4:20) KJ-Arent's w/ Mitch Levy (18:18) Jim Duquette, MLB Network Radio (31:43) Mike Garafolo, NFL Network 

What is the “Time Value of Money?” Episode 394 – The time value of money is one of the most important financial concepts there is to understand. It comes into play in almost every financial decision. You don't need to understand the arithmetic, but you should have some sense of where and how the math applies. Doing so may be able to improve the quality of your financial life. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 394 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: what is the “time value of money”? Simple question: what is worth more: a dollar you earn today, or a dollar you earn next year? Most people instinctively know that a dollar earned today is worth more. After all, that's an extra dollar you can spend now on whatever you want. But understanding why is a critical financial concept that few people really understand, and one that applies to pretty much everything when you talk about personal finance. The concept is generally known as the “time value of money.” It's an idea that runs through almost every decision a business or financially sophisticated individual makes. According to the Harvard Business School, the time value of money means that “a sum of money’s value depends on how long you wait to use it; the sooner you use it, the more valuable it is.”[1] In other words, the money you have today is worth more than the same amount that you receive in the future because you have the opportunity to invest that money right now and earn a return on it. Figuring it all out in detail involves a rather complicated series of formulas. We won't get into the formulas here, but Microsoft Excel has tools to help make the calculation process easier. The basic idea is that, if nothing else, you can take the dollar you earn today and invest it. At the end of the year, that dollar will be worth more than the new one you receive at the start of the next year. If your assumed interest rate is six (6) percent, that first dollar will be worth $1.06 by the time the second one arrives. I know it doesn't seem like much of a difference. But after 20 years, the value of that dollar at the same 6% would be $3.21. And remember, we're generally talking about much bigger sums. And compounding, that is, repeating this process over an extended period of time, can make the impact much more significant as the years go by. And when you're considering a regular payment, such as a mortgage or an annuity, the difference adds up even more. Compounding is something we touched on in two recent episodes, one about reverse mortgages and the other about Trump Accounts. As Albert Einstein is alleged to have said, compound interest is “the most powerful force in the universe.”[2] Whether he actually uttered those exact words or not, many present and future retirees understand the value of saving early. The math is equally important but gets more awkward when you want to reverse the process. What is that dollar you're going to get a year from now worth today? This is where a spreadsheet can help. The answer is just over 94 cents. If it's two years, it's about 88 cents. In five years, just under 75 cents. As you might suspect, inflation is a key consideration when it comes to the time value of money. There's another reason a dollar earned today is worth more than a dollar earned in the future. Your money will likely be able to buy less in the future than it does today, simply because prices of most goods and services tend to go up over time. Uncertainty also plays a role. Assume someone owes you money, but the payment is due a year from now. The problem is that things could change over the next year. They might move away, or declare bankruptcy, or decide they don't like you anymore. Nothing is certain until you actually have the money in hand. Note that if there's additional risk that you're not going to get the money in time, or at all, many financial pros will try to handle this using a higher assumed interest rate, or “discount rate.” There are some other areas where the time value of money is a key consideration. One often overlooked example is deciding on whether to make a home improvement that adds to the value of your house. Another might be weighing the pros and cons of buying vs. leasing a car. Yet another might be your decision on when to collect Social Security. Another concept that comes into play—and one that many people rarely consider—is opportunity cost. Once you understand the time value of money, opportunity cost becomes much easier to recognize. There are tradeoffs in any financial decision. Opportunity cost can be defined as the value of what you give up when you forgo one choice in favor of another.[3] Opportunity cost comes along more often than most people realize. The truth is that you finance every major purchase you make, even if you're using cash. If you buy a new car and use your available cash, it will save some money. Since there's no loan, there's no cost to you in terms of interest payments. But there is still opportunity cost. By paying cash, you've given up the opportunity to invest that money elsewhere and earn interest and/or dividends on it. This is a concept few people think through thoroughly. To put it another way, if you want something, you must give up something else. It's just not always easy to see. You don't need to understand the complicated mathematical formulas behind the time value of money. You just need to understand the concept. It can—and should—help you make some of your most important financial decisions. Confused about things like the time value of money or opportunity cost? Your Security Mutual Life insurance agent can help. Your Security Mutual Life insurance agent can augment or help assemble your financial team and coordinate with your attorneys and tax professionals to review your situation and to determine the insurance plan that will best suit your needs and objectives. [1] Cote, Catherine. “Time Value of Money (TVM): A Primer.” HBS.org. https://online.hbs.edu/blog/post/time-value-of-money (accessed July 14, 2026). [2] Schleckser, Jim. “Why Einstein Considered Compound Interest the Most Powerful Force in the Universe.” Inc.com. https://www.inc.com/jim-schleckser/why-einstein-considered-compound-interest-most-powerful-force-in-universe.html (accessed July 14, 2026). [3] Munsey, Bobbie Anne. “8 Opportunity Cost Examples (Plus Definition and Uses).” Indeed.com. https://www.indeed.com/career-advice/career-development/opportunity-cost-examples (accessed July 13, 2026). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailConnor Dixon grew up in Chicago, went to school at Penn State and partied so much in New York City that his girlfriend told him to do stand-up. That was back in 2018 and his now wife only regrets it a little. He performs regularly all over New York City and is working his way up from a host and feature to a headliner. It's not the NBA, but he's having fun.Follow Connor Dixon: Instagram: https://www.instagram.com/itsconnordixon/TikTok: https://www.tiktok.com/@itsconnordixonSupport the show

The Strange Case of Rob, Michele and Nick Reiner Episode 393 – It came as a shock when Rob and Michele Reiner were murdered late last year. Now, their son Nick, accused of the murders, is trying to fund his defense using money in a trust fund provided by his parents. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 393 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: the strange case of Rob, Michele & Nick Reiner. World-famous movie director Rob Reiner and his wife Michele were both stabbed to death in their home in the early hours of December 14, 2025. Their son, Nick, was arrested soon afterward and charged with first-degree murder. No conviction has occurred, and Nick Reiner is entitled to the presumption of innocence while proceedings occur. Nick had gotten into a heated argument with his parents the previous evening, during a party at the home of Conan O’Brien, a well-known television talk show host.[1] Upon his arrest, Nick hired a well-known defense attorney named Alan Jackson, who had previously represented Kevin Spacey and Harvey Weinstein, but Jackson eventually withdrew from the case. Jackson at first refused to specifically state why he withdrew, but it is believed that money was a main issue.[2] Reiner is currently represented by Los Angeles County Public Defender Kimberly Greene, but according to a petition filed on his behalf, Jackson is willing to come back to assist with the case. Reiner would like to rehire Jackson, but he needs to find a way to pay him.[3] Nick apparently has no current source of income, but he does have a trust fund, set up by his parents, which is estimated to be at least $1.5 million. Through his attorney, Nick is petitioning the court for access to the trust fund to help finance his defense.[4] In other words, he would like to use some of the money his parents gave him to help defend himself against the murder charges. The terms of the trust are specific: half of the funds were supposed to be distributed when he reached age 30 in 2023, with the other half to be distributed when he turns 35. The 2023 distribution apparently did not happen.[5] As for the second payment, due in 2028, the outcome is in doubt. If convicted, Nick would likely be prohibited from collecting it due to California's “slayer statute.”[6] Most U.S. states have a slayer statute. This type of law first gained attention in 1989 when the Menendez brothers were accused of killing their parents in Beverly Hills, CA. The brothers were convicted of murder and prohibited from collecting their inheritance from their parents' estate. In California, the statute states that someone who murders someone else cannot inherit assets or gain any financial profit as a result. The burden of proof varies, with some states requiring a criminal conviction to void a disposition, and other states requiring only civil liability.[7] In Nick's case, if the statute is ruled applicable, it would result in Nick being treated as if he had predeceased his parents.[8] A big part of the issue is the unmade trust distribution from 2023, which was scheduled before the crime was committed. The trustee apparently denied the payment due to Nick's history of substance abuse, and his alleged inability to manage the trust assets on his own.[9] [10] For his part, Nick's attorney classifies this as a subjective opinion, which, in his view, is not a valid reason to hold back the money.[11] But things get even more complicated from there. Nick's side has also argued that the assets in question are not assets of his deceased parents' estate, but assets of a trust that had already been funded before the crimes occurred. The argument is that once the assets went into the trust, they were no longer part of Rob and Michele Reiner's estates. [12] Then there's the issue of legal competence. The counterargument offered by Nick's lawyer is that the trustee has the authorization to make payments to a fiduciary, so competency shouldn't be relevant.[13] Reiner asserted in a court filing that his two siblings, Jake and Romy Reiner, had agreed at first to pay legal fees to retain Alan Jackson, but later changed their minds.[14] Their role in any future trial or litigation remains to be seen. Of course, Nick Reiner is presumed innocent until proven guilty. For now, his trust attorneys claim that by blocking access to what they characterize as his own funds, the trustee is effectively punishing him before he is convicted.[15] There’s still a lot to be determined here. Stay tuned. [1] Comiter, Jordana. “Rob Reiner’s Death: A Timeline of the Investigation and Nick Reiner’s Arrest.” People Magazine. https://people.com/rob-reiner-death-investigation-timeline-11870197 (published December 19, 2025; accessed June 24, 2026). [2] Bagchi, Aysha. “Nick Reiner’s star lawyer stepped down. This could be why.” USA Today. https://www.usatoday.com/story/entertainment/celebrities/2026/01/07/nick-reiner-murder-charges-rob-michele-reiner-lawyer-withdraws/88069146007/ (published January 8, 2026; accessed June 24, 2026). [3] Sulkin Stern, Anna. “Nick Reiner Seeks Access to Trust Fund to Finance His Defense.” Wealthmanagement.com. https://www.wealthmanagement.com/estate-planning/nick-reiner-seeks-access-to-trust-fund-to-finance-his-defense (published June 17, 2026; accessed June 26, 2026). [4] Id. [5] Esquibias, Liza. “Nick Reiner wants his trust fund for his defense. Can he get it?.” USA Today. https://www.usatoday.com/story/entertainment/celebrities/2026/06/12/rob-reiner-son-nick-reiner-family-trust-dispute-inheritance-analysis/90497780007/ (published June 12, 2025; accessed June 25, 2026). [6] Sulkin Stern, Anna. “Nick Reiner Seeks Access to Trust Fund to Finance His Defense.” Wealthmanagement.com. https://www.wealthmanagement.com/estate-planning/nick-reiner-seeks-access-to-trust-fund-to-finance-his-defense (published June 17, 2025; accessed June 24, 2026). [7] Pehush, Tara L. (2005) “Comments: Maryland Is Dying for a Slayer Statute: The Ineffectiveness of the Common Law Slayer Rule in Maryland,” University of Baltimore Law Review: Vol. 35: Iss. 2, Article 7. http://scholarworks.law.ubalt.edu/ublr/vol35/iss2/7 (published 2005; accessed July 17, 2026). [8] Esquibias, Liza. “Nick Reiner wants his trust fund for his defense. Can he get it?.” USA Today. https://www.usatoday.com/story/entertainment/celebrities/2026/06/12/rob-reiner-son-nick-reiner-family-trust-dispute-inheritance-analysis/90497780007/ (published June 12, 2025; accessed June 25, 2026). [9] Sulkin Stern, Anna. “Nick Reiner Seeks Access to Trust Fund to Finance His Defense.” Wealthmanagement.com. https://www.wealthmanagement.com/estate-planning/nick-reiner-seeks-access-to-trust-fund-to-finance-his-defense (published June 17, 2025; accessed June 24, 2026). [10] Esquibias, Liza. “Nick Reiner wants his trust fund for his defense. Can he get it?.” USA Today. https://www.usatoday.com/story/entertainment/celebrities/2026/06/12/rob-reiner-son-nick-reiner-family-trust-dispute-inheritance-analysis/90497780007/ (published June 12, 2025; accessed June 25, 2026). [11] Id. [12] Esquibias, Liza. “Nick Reiner wants his trust fund for his defense. Can he get it?.” USA Today. https://www.usatoday.com/story/entertainment/celebrities/2026/06/12/rob-reiner-son-nick-reiner-family-trust-dispute-inheritance-analysis/90497780007/ (published June 12, 2025; accessed June 25, 2026). [13] Sulkin Stern, Anna. “Nick Reiner Seeks Access to Trust Fund to Finance His Defense.” Wealthmanagement.com. https://www.wealthmanagement.com/estate-planning/nick-reiner-seeks-access-to-trust-fund-to-finance-his-defense (published June 17, 2025; accessed June 24, 2026). [14] Mandell, Sean.. “Nick Reiner Claims His Siblings ‘Reversed' Their ‘Commitment’ to Fund His Legal Defense.” People Magazine https://people.com/nick-reiner-claims-his-siblings-reversed-their-commitment-to-fund-his-legal-defense-11995526 (published June 11, 2025; accessed June 25, 2026). [15] Sulkin Stern, Anna. “Nick Reiner Seeks Access to Trust Fund to Finance His Defense.” Wealthmanagement.com. https://www.wealthmanagement.com/estate-planning/nick-reiner-seeks-access-to-trust-fund-to-finance-his-defense (published June 17, 2025; accessed June 24, 2026). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options https://smlny.com/wp-content/uploads/2026/07/SMLPM393-the-strange-case-of-rob-and-nick-reiner-16178.mp3

Summer is flying by, and before we know it, we'll be back inside at Hudson Valley Indoor Golf with snow on the ground! This week, it's just Anthony and RGB catching up, talking about how fast the season is moving and making the most of every round while we still can. The boys also dive into one of the hottest debates in our Sunday Loop PPP: Gimmies or no gimmies? Do you putt everything out? Does it change when there's money on the line? Things got a little heated on the 7th hole as both sides made their case, and trust us—you'll probably have an opinion too. We also had some fun with a round of "Would You Rather?" as RGB fired off a few golf-themed questions for Anthony that led to some great laughs and interesting answers. Looking ahead, we're getting pumped for our upcoming golf trip to Binghamton, where we'll be teeing it up at Conklin and En-Joie. Weekend golf trips with the boys are always unforgettable, and we can't wait to share the stories from this one. A huge thank you to our sponsor, HVIG – Hudson Valley Indoor Golf, for supporting the show. Whether you're looking to keep your game sharp all winter long or just want to play a great round indoors, HVIG has you covered. Tune in, join the conversation, and let us know: Are you Team Gimmies or Team Putt Everything Out? Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us Fan MailJake Piskor has been doing stand-up in Buffalo since 2017. It only took him nine years to become Buffalo's Funniest Person. He won that honor on Sunday, July 19 and never has to compete in that contest again. Whether it's his thirst for more details or his mustache, he's found himself on the receiving end of several unique encounters with strangers -- adding fuel to his on-stage material. He joined his high school friend and former Buffalo's Funniest Person, Jake Samson, to help run the Rust Belt Comedy Showcase at Nietzsche's.Follow Jake Piskor: Instagram: https://www.instagram.com/jakepiskor/YouTube: https://www.youtube.com/@JakePiskorBuffalo's Funniest Person set: https://www.youtube.com/watch?v=L-jdeeXr6f4Support the show

When Unmarried Couples Split Up Episode 392 – What happens when unmarried couples split up? Sometimes it can be even more complicated and unpleasant than a divorce. As with many things, it's probably better to prepare in advance. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 392 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: what happens when unmarried couples split up? We've had a couple of episodes over the last few years talking about some of the financial complications that come with divorce. But what happens when an unmarried, but financially-linked, couple splits up? Sometimes it can be even more complicated and unpleasant than a divorce. According to the National Center for Family & Marriage Research, the number of people living together without being legally married has grown to over 20 million, up from 14 million in 2019.[1] And while most people seem to make their best efforts, things don't always work out. When things go downhill, it's not just financial accounts that can get messy. It's personal property, pets, and sometimes child custody or child support issues. When couples get divorced, the rules are generally dictated by state law. This is not always true for a couple that has never legally married.[2] In most cases, there is no automatic legal framework. Without a clearly defined set of legislative principles, some people end up being treated more like roommates and less like spouses. When you're not legally married, there's usually no formal process like there is with a divorce. And in most states, there is no spousal support such as alimony, although “palimony”—compensation paid by one member of an unmarried couple to the other after they separate—might be available if there’s “an express or implied contract.”[3] Keep in mind that laws vary widely from state to state. If you’re going through something like this, you will likely need the help of a local family law attorney. Financial considerations can become tricky when an unmarried couple splits up. For example, what happens when you buy a house together, but only one of you ends up on the deed? Despite any informal side agreements, the person whose name is on the deed is in a much stronger position. If both names are on the deed, the presumed split is generally 50-50.[4] Conflict can also arise when one partner may have contributed more financially, such as with the down payment, or may have contributed more time and effort maintaining or fixing up the house. All of this may come up when the house is sold. Sometimes, rather than selling the house to a third party, the two parties will try to work out some sort of negotiated buyout, assuming one of the two wishes to stay.[5] Personal property, such as furniture and sentimental items, can be another sticking point. One proactive financial strategy is to maintain the best records you can on who paid for what. It may come in handy if there's a disagreement later.[6] Some experts also suggest using what’s called a “cohabitation agreement.” A cohabitation agreement is a document, designed by an attorney, for unmarried couples who either live together or plan to do so. It generally covers things like property ownership, expense sharing, and rights to financial support from each other. It can be similar to a prenuptial agreement.[7] A cohabitation agreement generally covers things like asset ownership, debt and bill payment responsibilities, and financial support. It could also cover pets, which can be an emotionally charged issue, as well as estate planning arrangements.[8] What if you're in what is known as a “common law marriage?” A common law marriage occurs when two people are considered legally married, even though they haven't participated in a lawful marriage ceremony or gotten a marriage license. This generally occurs in certain states when a couple lives together for a specific period of time and holds themselves out as intending to be married, or as already married.[9] The rules vary considerably based on where you live, but in some states, a common law marriage can be subject to the same marriage and divorce laws as a regular married couple. As with a divorce, things get much more complicated—and serious—when children are involved. Don’t assume that custody will automatically be 50/50. Parental rights are often decided separately from financial issues. And just like in a divorce, a court will tend to focus on the best interest of the child.[10] Finally, experts recommend that when you actually do complete your breakup, make sure you cover all the bases. That means separating your accounts, changing passwords, and keeping everything documented.[11] It's also important to review and manage beneficiaries that may have been designated when you were together. The old adage is certainly true: love is blind. But when you build a financial life without marriage, while it may not sound romantic, it might be beneficial to treat things more like a business partnership, which in some ways it can be. A little more preparation and caution today could prevent a ton of headaches later. No one really expects their new or current relationship to fail. When it does, the healing process is difficult enough. It’ll be worse if you don't plan accordingly. [1] Ebeling, Ashlea. “If You Think Divorce Is Messy, Try Splitting Up When You're Not Married.” The Wall Street Journal. https://www.wsj.com/personal-finance/divorce-unmarried-cohabitation-laws-24057ac4?mod=author_content_page_1_pos_1 (accessed May 29, 2026). [2] Id. [3] Barrett, Stacy. “How to Divide Property When Unmarried Couples Break Up.” Nolo.com. https://www.nolo.com/legal-encyclopedia/free-books/living-together-book/chapter10-1.html (accessed May 29, 2026). [4] Nolo.com. “Who Gets the House When an Unmarried Couple Splits Up?” Nolo.com. https://www.nolo.com/legal-encyclopedia/free-books/living-together-book/chapter10-7.html (accessed June 1, 2026). [5] Id. [6] Renier Hotopp Law Offices, LLC. “Getting Personal Belongings Back After Breakup or Divorce Wisconsin.” Therhlawoffice.com. https://therhlawoffice.com/getting-personal-belongings-back-after-breakup-or-divorce-wisconsin/ (accessed June 1, 2026). [7] Froment, Liz. “What Is a Cohabitation Agreement, and Should You Have One?” Acg.aaa.com. https://www.acg.aaa.com/connect/blogs/5c/money/what-is-a-cohabitation-agreement (accessed June 1, 2026). [8] Id. [9] The People's Law Library of Maryland. “Common Law Marriage.” Peoples-law.org. https://www.peoples-law.org/common-law-marriage (accessed June 1, 2026). [10] Custody X Change Research Team. “Unmarried Parents and Child Custody.” Custodyxchange.com. https://www.custodyxchange.com/topics/custody/family-members/unmarried-parents.php (accessed May 29, 2026). [11] Reifman, Arkady. “Should I Change My Passwords When Going Through Divorce?” Resolvingdivorces.com . https://resolvingdivorces.com/should-i-change-my-passwords-when-going-through-divorce/ (accessed June 1, 2026). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailNick Fierro is a ridiculously funny comedian in Jersey City, N.J. He grew up watching In Living Color and George Carlin with his parents and is a major comedy nerd. This October, he'll be at The Fest in Gainesville, Fla., with a loaded lineup of comedians and punk rock bands. Nick is a great story-teller and he's lived an extremely interesting life. He's been featured in Hard Times, Weird NJ, Inked Magazine and is the co-author of Checkers on the Beach, a graphic novel about two seagulls.Follow Nick Fierro: Instagram: https://www.instagram.com/schtickfierro/Website: https://www.nickfierro.com/Support the show

What happens when a self-described "control freak" dentist decides to let go of the financial steering wheel?In this episode of The Millionaire Dentist™, Casey Hiers sits down with longtime client Dr. David Salomons from Binghamton, New York. Dr. Salomons reflects on his seven-year journey with Four Quadrants Advisory, sharing a candid look at how he moved past his initial skepticism to completely transform his practice, his finances, and his family's lifestyle options.If you've been thoroughly vetting your options but hesitating to take that next leap of faith, Dr. Salomons' story is the ultimate proof of what happens when you commit to a coordinated strategy.Upcoming Tour Dates: Go to our EVENTS page for infoFacebook: Four Quadrants AdvisoryInstagram: @fourquadrantsadvisoryLinkedIn: Four Quadrants Advisory

Social Security Is in Bad Shape. Does It Still Make Sense to Wait? Episode 391 – The new Social Security Trustees Report is out, and as usual, the news is not good. If the two Trust Funds were combined, they are projected to be insolvent in the third quarter of 2034. Is that enough of a reason to consider collecting earlier? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 391 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: Social Security is in bad shape. Does it still make sense to wait? As you may have heard, the U.S. Department of Treasury released its 2026 Social Security and Medicare Trustees Reports on June 9. Neither program is doing particularly well, but the Social Security Trust Funds seem to be getting the most attention. There are two Social Security Trust Funds: one for retirement and one for disability. According to the 2026 report, the retirement fund, or the “Old-Age and Survivors Insurance Trust Fund,” will run out of money during the fourth quarter of 2032. The other (smaller) fund, the “Disability Insurance Trust Fund,” is in a much stronger position than it was a few years ago. The current report projects that this one will be able to pay 100 percent of total scheduled benefits at least through the year 2100.[1] There's a certain amount of public confusion over the projected finances of the two funds. The two funds are separate entities and cannot be combined into one without a change in the law. But if they did get combined, and many people assume they eventually will be, the resulting mega-fund is projected to last until the third quarter of 2034. From that point forward, they would only be able to pay approximately 83 percent of the scheduled benefits.[2] There have been a number of proposed “fixes” to the Social Security problem. Right now, there are two approaches that seem to be getting the most attention: raising taxes and reducing benefits. One of the suggested ways of raising taxes is increasing or eliminating the Social Security “cap,” which is $184,500 in 2026.[3] If your wages exceed this amount, the Social Security withholding of 6.2 percent for the employee, plus 6.2 percent for the employer, no longer applies. Above that amount, there is no withholding, nor is there any benefit that would be payable from it. Note that unlike Social Security, Medicare's withholding of 1.45 percent has no upper limit. When it comes to benefit reductions, the most common suggestion is to increase Full Retirement Age, or FRA. FRA, the age at which you receive your full, unreduced Social Security benefit, is currently age 67. The belief is that, since people are living significantly longer than they were years ago, extending FRA is a sensible way to “fix” the Social Security Trust Funds. It remains unclear which solution will eventually win out. When Congress last took on this issue back in 1983, the result was a combination of both: an increase in withholding taxes and an extension of Full Retirement Age. Either way, the prevailing thought is that they will eventually do something to fix it, one way or the other. Given the popularity of Social Security among America's seniors, it seems unlikely that they will ever allow that projected 17 percent reduction in benefits to take place.[4] But what if they're wrong, and the projected drop actually occurs? Should that possibility be a significant factor in your claiming decision? In most cases, no. The logical response seems to be that if Social Security benefits are reduced by 17 percent in 2034, it would be a good reason to claim earlier, correct? In other words, it would make more sense to start collecting as early as possible, say age 62, before the benefit is reduced. Keep in mind how the math works. If you start at 62, you're collecting five years ahead of schedule, but the tradeoff is a 30 percent lifetime reduction. So, while you get off to a head start, at some point you'll be better off waiting, assuming you live long enough. A quick analysis indicates that the breakeven occurs around age 79. So, if you live past that age, you're theoretically better off waiting, although there are some other factors, such as cost-of-living adjustments and the time value of money, that you may want to consider. The same thing applies to delaying when you collect. You have the option of waiting until after Full Retirement Age, possibly as late as age 70. The incentive is an 8 percent per year increase. Survivor benefits can also play a big role in the calculation. For a married couple where both are past FRA, the survivor benefit is basically the higher of the two. So, if I'm collecting $3,000 per month and my wife is collecting $1,000 per month, if something happens to me, she would “step up” to the $3,000 per month benefit. When doing the analysis, this becomes a potential reason for me to delay collecting, especially if she has a longer life expectancy than I do or is at least a few years younger than me. And don't forget about the Earnings Test. Your benefit could be temporarily reduced if you collect before FRA and continue to work, earning over a certain amount in wages. For 2026, that amount is $24,480, and the benefit reduction is $1 for every $2 over.[5] In some circumstances, that makes it impractical to collect before FRA, even if that's what you would prefer. Confused yet? Imagine how people feel when they add in the potential 17 percent benefit cut in 2034. How could that potentially impact your decision? There are no simple answers, of course. But just understand that the projected cut, if it happens, would be across the board. In other words, if you wait until age 70, even if your benefit is reduced, it will still be 24 percent higher than it would have been had you collected at 67. So, when it comes to your decision, the effect of a potential insolvency of the Trust Funds is limited. David Blanchette, Head of Retirement Research at Prudential Financial, has studied this issue in detail. His conclusion is that when you assume a potential benefit cut, the math is different, but not very much.[6] Other factors, such as life expectancy, survivor benefits and cost-of-living adjustments, could play a bigger role. Other academic studies have reached a similar conclusion.[7] In many—but not all—cases, whatever works best before what could be called “Social Security doomsday” will still be the best choice afterwards, whether we actually see that day or not. Every case is different, but one possible exception might be someone with a shorter life expectancy.  In that case, collecting as early as possible might make sense. [1] Social Security Administration. “A Summary of the 2026 Annual Reports.” SSA.gov. https://www.ssa.gov/OACT/TRSUM/index.html (accessed June 15, 2026). [2] Id. [3] Social Security Administration. “2026 Social Security Changes.” SSA.gov.  https://www.ssa.gov/news/en/cola/factsheets/2026.html (accessed June 16, 2026). [4] Nuñez, Stephen. “Will Social Security Run Out?” Is the Wrong Question: How Lawmakers Can Protect Beneficiaries and Strengthen OASI.” Rooseveltinstitute.org. https://rooseveltinstitute.org/publications/will-social-security-run-out-is-the-wrong-question/ (accessed June 15, 2026). [5] Social Security Administration. “Exempt Amounts Under the Earnings Test.” SSA.gov.  https://www.ssa.gov/OACT/COLA/rtea.html  (accessed June 15, 2026). [6] Blanchette, David. “The Case for Delaying Social Security–Even if You Think Benefits Will Be Cut.” wsj.com. https://www.wsj.com/articles/the-case-for-delaying-social-securityeven-if-you-think-benefits-will-be-cut-01603298761 (accessed June 15, 2026). [7] Pfau, Wade and Parrish, Steve. “Which Social Security Claiming Strategy Generates the Highest Legacy Value?” FPA.org. https://www.financialplanningassociation.org/learning/publications/journal/JAN23-which-social-security-claiming-strategy-generates-highest-legacy-value-OPEN (accessed June 15, 2026).   More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailVinnie Paulino has been doing stand-up for about 20 years. He did his first open mic in Texas before coming to Rochester. He started working the clubs in town in 2007 and has been with Comedy at the Carlson since it opened in 2016. He and one of the owners, Mark Ippolito, are running the Rochester Comedy Festival, which begins on Thursday, July 16 and going through Sunday, July 19. There will be 37 shows in venues across Rochester, including three at the Carlson. Follow Vinnie Paulino: Instagram: https://www.instagram.com/vinniepaulino/Comedy at the Carlson: https://www.carlsoncomedy.com/Rochester Comedy Festival: https://www.carlsoncomedy.com/rochester-comedy-festivalSupport the show

It's Thursday, and you know what that means: It's time for a fresh, fully loaded edition of In The Circle, powered by SixFour3.Today's show kicks off with the latest Coaching Carousel news, including Southeastern naming its new head coach. Then, New York Rise head coach Michaela Transue joins us to discuss building the franchise in the PSL and leading Binghamton to another America East championship this past season. Finally, former UCF standout Aubrey Evans stops by to reflect on her playing career and what's next as she prepares for next week.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chrissy Pasquale-Urso owns five bars and restaurants (all within one block of each other) in Binghamton, New York. She shares her origin story of buying a university bar at age 21 through seller financing after bartending there for two years, then growing into a portfolio that includes a sushi restaurant, a pizzeria, and more, eventually buying the building itself. Now splitting her time between Soho, Montauk, and Binghamton while raising two young kids with her husband and business partner Andrew, Chrissy offers candid insight into the modern challenges facing operators: declining alcohol consumption among Gen Z, the impact of GLP-1 drugs and cannabis on check sizes, the constant need to reinvent offerings for a social-media-driven audience, post-COVID staffing struggles, ghosting job applicants, and rising costs. Throughout, she emphasizes the value of owning real estate, staying creative, developing talent from within, and the intangible "it" factor that entrepreneurs in hospitality need to survive and thrive.Key TakeawaysSeller financing can open doors for young operators. Chrissy bought her first bar at 21 with no lump sum. The previous owner financed the purchase over five years and stayed on for two years to ensure a smooth transition.Owning your building is a major long-term advantage. By purchasing the property housing her bar and developing multiple concepts within it, Chrissy insulated herself from the lease negotiations and rent hikes that force even successful restaurants to close.Consumer behavior has shifted, and menus must adapt constantly. Declining alcohol consumption, GLP-1 drugs prompting customers to split dishes and skip that third cocktail, and legal cannabis are all shrinking checks. Specials that once ran for a decade now fizzle within a year.Social media has reshaped how people go out. Younger customers save up for a photogenic experience, whether an espresso martini or a nice meal worth posting. Watch parties, extravagant birthdays, and "Instagrammable" moments now drive traffic more than old standbys like trivia.Creativity is largely an owner's job. Chrissy finds it hard to hire managers who can both manage people and consistently generate fresh ideas, so the burden of reinvention tends to fall on ownership.Post-COVID staffing is a persistent struggle. Kitchen and server retention is harder than ever as workers opt for the benefits, steady hours, and 9-to-5 schedules of employers like Amazon. Ghosting interviews and quitting without notice have become common.Talent is often found from within. Chrissy watches for servers or even customers with a special spark, promoting people who didn't realize they wanted a hospitality career, which helps combat costly turnover.Vet new tech carefully and favor low-commitment trials. Bombarded daily by tech vendors, Chrissy chose owner.com because it was month-to-month with minimal downside risk. She values local, service-oriented vendors like SpotOn who can show up in person.Rising costs demand consistency and hospitality. As dining out gets expensive, customers become more selective, returning to places that deliver reliable food and service that makes them feel genuinely welcome.Hospitality entrepreneurship requires a certain DNA. Chrissy never questions whether a concept is a good idea. She just executes. Being a good home cook isn't enough. Success requires assembling experts across food, staff, and marketing, managing people, and being okay with disappointment.

Send us Fan MailRachel Hendricks has been studying science since she was at Shippensburg University. She was active in politics and had a good job in Pottsville, Pa. Then she enrolled in a stand-up class and developed a new interest. She's one of the better "younger" comedians in the Philadelphia suburbs -- proving it by reaching the finals of SoulJoels' Best of the Burbs contest in June. She's still studying and working with Jay Yoder and is on her way up. One day, her parents will come to a show and let her know they were there.Follow Rachel Hendricks:Instagram: https://www.instagram.com/racheltalksback/Support the show

Is It Possible to Spend Too Little in Retirement? Episode 390 – It has been well documented that the biggest fear people have in retirement is running out of money. Incredibly, according to a 2024 survey done by Allianz Life, 63 percent of Americans are more fearful about running out of money than they are about dying. But is it possible to overdo it? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 390 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: is it possible to spend too little in retirement? It has been well documented that the biggest fear people have in retirement is running out of money. Incredibly, according to a 2024 survey by Allianz Life, 63 percent of Americans were more fearful about running out of money than they were about dying.[1] That may be taking things to an extreme, but there's a valid point. It's perfectly reasonable to worry about running dry when you're used to a certain lifestyle and you no longer have a steady paycheck. And mortality tables these days are more favorable than many people realize. For example, the odds are better than 50-50, if you're a married couple both age 62, that at least one of you is going to live past age 90.[2] So, you may have to figure out a spending plan—without the employment income you've become used to—for potentially 30 years or more. Retirement is a huge turning point in most people's lives. You're switching from a savings and accumulation mindset to one where you're living (at least partially) off of those savings. You might have gotten used to seeing your net worth go up considerably over the last few years. But for most of us, those days are over once you make the crossover. It's a major psychological barrier, so of course you're going to be concerned about overspending. But how much is too much, or more appropriately, how little is too little? Do you think you might look back during your last years, and feel like you could have done more with your family, and you don't really need all that money you have now? The risks of overspending, particularly in the early years of retirement, should be obvious. But what exactly are the risks of underspending? According to an article by Greg Iacurci for CNBC, one big risk is “Not living as fulfilling a life as one could have.”[3] This could mean foregoing a big family trip, that could give your children and grandchildren memories to last a lifetime, because you're afraid you're going to run out of money years down the road. Then there's the issue of inheritance. Many parents hope to leave a certain amount of money to their children and grandchildren when they're gone. That could be a factor in your calculation. Cutting back on your spending now would likely benefit them later on. But is it worth it? But perhaps there's another way. How about purchasing some additional life insurance? The right amount of life insurance might make you more comfortable with the idea of living the life you've already earned. It's a straightforward idea: the more life insurance you have, the less you need to worry about your kids' inheritance. There is data to indicate that underspending is more common than people realize.[4] In a recent study by the Employee Benefit Research Institute, 33 percent of retirees still have 100 percent or more of their initial savings amount remaining by the time they get to their mid-80s.[5] Recent medical developments have complicated the equation. Progress against diseases such as cancer, Alzheimer’s and heart disease could extend all of our lives further than we expected. That is, of course, great news. But it could cause some financial complications. Another approach, advanced by some, is that we need to adjust our spending based on what “phase” of retirement we are in. The argument goes that there are three “phases” of retirement: the “go-go,” the “slow-go” and the “no-go” years.[6] You're certainly less likely to be travelling the world during your declining years, so chances are you'll be spending less. It could be a way to justify spending more during the early “go-go” years, although you also need to consider the possibility of increased health care costs during your later “no go” years. So why wouldn't you spend a little extra while you have the opportunity to enjoy it? The truth is that every situation is different, and there's no one correct answer. It is possible to spend too little during retirement, but the consequences of spending too much can be far more significant. Perhaps the best you can do is focus on time with your family. Quality time creates lasting memories. That could mean a few vacations to exotic places, but it doesn't have to be that way. Sometimes a simple visit or gesture can go just as far. The transition to retirement is filled with uncertainty. “Have I saved enough?”, “How long will my savings last?”, “Can I afford to live it up a little bit?” Such questions will likely arise, but you don't need to go it alone. Your Security Mutual Life insurance agent can help. Your Security Mutual Life insurance agent can augment or help assemble your planning team. They'll help coordinate with your attorney and tax professional to review your situation and to determine the insurance plan that will best suit your needs and objectives. [1] Allianz Life Insurance Company of North America. “Nearly 2 in 3 Americans Worry More about Running Out of Money than Death.” Allianzlife.com. https://www.allianzlife.com/about/newsroom/2024-Press-Releases/Nearly-2-in-3-Americans-Worry-More-about-Running-Out-of-Money-than-Death (accessed June 9, 2026). [2] Wohlner, Roger. “Living Past 90: How to Play the Long Game on Retirement, Tax Planning.” Thinkadvisor.com. https://www.thinkadvisor.com/2025/03/26/how-to-plan-for-clients-who-might-live-to-90-and-beyond/ (accessed June10, 2026). [3] Iacurci, Greg. “Retirement ‘underspending' is risky, advisor says. Here's why.” Cnbc.com. https://www.cnbc.com/2026/06/08/retirement-risk-underspending.html (accessed June 9, 2026). [4] Id. [5] “New EBRI Research Finds Guaranteed Income Streams May Help Retirees Preserve Assets Later in Retirement.” Employee Benefit Research Institute.. https://www.ebri.org/retirement/content/summary/new-ebri-research-finds-guaranteed-income-streams-may-help-retirees-preserve-assets-later-in-retirement (accessed June 9, 2026). [6] Dougan, Scott M. “How to Plan for Retirement's Go-Go, Slow-Go and No-Go Years.” Kiplinger. https://www.kiplinger.com/retirement/plan-for-retirement-go-go-slow-go-and-no-go-years (accessed June 9, 2026). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailDJ Dangler has spent the last 20 years working his way from New York City to Los Angeles, telling jokes wherever he can. He graduated from Purdue and wrote his first jokes while working at an accountant's office. He found a place on stage. He's back in Indianapolis and is a writer on the Bob and Tom Show, where his jokes are heard by millions of people every day. He also announces for Capital Pro Wrestling in Lansing, Mich. He's got big plans for his Working Class Rumble, which is a wrestling-themed comedy show he's hoping to bring all over the Midwest in January.Follow DJ Dangler: Instagram: https://www.instagram.com/djdanglerishandsome/Website: https://www.djdanglercomedy.com/Twitter: https://x.com/DJDanglerSupport the show

10 Commonly Misunderstood Insurance Terms Explained Episode 389 – Sometimes people get confused by all the jargon used in the financial services industry. It's difficult to understand what you're buying—or what you already have—if you don't understand the language being used. Here is a quick listing of ten terms, commonly used in the life insurance industry, that you might not fully understand. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 389 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: we explain 10 commonly misunderstood life insurance terms. Sometimes people get confused by all the jargon used in the financial services industry, and life insurance is no exception. It can be difficult to understand what you're buying—or what you already have—if you don't understand the language being used. Here is a quick listing of 10 terms, commonly used in the life insurance industry, that are helpful to have a basic understanding of: Underwriting. Before making any sort of offer to you, a life insurance company may need to evaluate your health. For example, life insurance companies generally check to see whether you are a tobacco user or not. A nonsmoker generally has a longer life expectancy than a smoker and thus will often qualify for a better rate and reduce the cost. On the other hand, smoker or not, if you're in particularly poor health, the company may not be able to offer you coverage at all. Beneficiary. Life insurance policies will usually list a beneficiary. That is the person—or entity—who receives the life insurance policy's death benefit if the insured dies. Note that any beneficiary designation under a life insurance policy is separate from beneficiary designations in your will. You could leave your entire estate to your children via your will, but if someone else is the beneficiary of your life insurance policy, that person receives the proceeds. The owner of the policy has the right to change the beneficiary (or beneficiaries) as their needs or desires change and it is recommended to review all of your beneficiaries annually or during any change to your planning strategy. Term Life Insurance. Term life insurance is the simplest form of life insurance. You will pay a premium that covers a specific term of years. 10, 20 or 30 years are common terms for one of these policies. If you die during the designated term, your beneficiary will receive the death benefit. It is generally used when you have a temporary need for insurance, such as paying off a mortgage or funding your child's college education if you're no longer there. Permanent Life Insurance. Unlike a term policy, permanent life insurance is designed to provide lifetime coverage. With most policies, as long as you pay your premiums, the policy stays in force for life, and the death benefit is guaranteed by the insurance company. It also usually provides a cash value. An example of permanent insurance is whole life insurance. Cash Value. With many permanent life insurance policies such as a whole life insurance policy, part of your premium pays the cost of the death benefit, and part of it goes into an account inside the policy and grows on a tax-deferred basis. As a policyowner, you have the right to access these funds if you wish via loans or withdrawals. The funds could potentially be used for major expenditures or cash emergencies if needed. Dividends. It's not just your stock portfolio that can pay dividends; your life insurance policy might do so as well. Life insurance dividends are usually associated with mutual life insurance companies such as Security Mutual Life. Dividends are distributed to policyholders from the insurer’s surplus earnings. They are not guaranteed. Grace Period. This is essentially an automatic safety net that exists on every life insurance policy. If you miss a premium payment, you generally have an extra 30 days past the due date before the policy lapses to pay your premium. And, if you die during the grace period, the full death benefit is payable, although there may be a deduction for any missed premium.[1] Paid-Up Additions. Paid-up additions are like miniature life insurance policies within a whole life insurance policy. Each paid-up addition adds a little bit of extra paid-up death benefit and guaranteed cash value to your policy without ongoing premium. Paid-up additions are often created through a whole life policy rider, although if you have a dividend-paying policy, you might be able to choose to take your dividends as paid-up additions. Since paid-up additions are fully paid up portions of death benefit, they can be surrendered for needed cash by the policyowner, or to pay the policy's premiums, if needed. Doing so will reduce the guaranteed cash value and death benefit.  Accelerated Death Benefit. This allows you to receive a portion of the death benefit while you are still living and is often made available as a rider assigned to specific circumstances such as chronic, critical or terminal illness. It is designed to help provide access to cash for medical bills, nursing care, or other costs associated with the qualifying event. If the advance payout from the life insurance policy is due to terminal illness, it is usually exempt from income taxes.[2],[3] In many circumstances, an accelerated death benefit rider is a simple add-on to a life insurance policy with no separate charge. And finally… Chronic Illness Rider. A chronic illness rider is a type of accelerated death benefit rider that gives you access to part of your death benefit while you are still alive. To take advantage of a chronic illness rider, you need to be certified by a doctor as someone who is ill and not expected to recover. In many cases you will be eligible if you are unable to perform at least two of the six “Activities of Daily Living,” or ADLs, without assistance. These include things like bathing, getting dressed, eating, etc.[4] All these terms can be very confusing. Some may be applicable to you; some may not. The good news is that, if you're contemplating a new life insurance policy, you don't need to go it alone. Your Security Mutual Life insurance agent can help. Your Security Mutual Life insurance agent can augment or help assemble your planning team. They'll coordinate with your attorney and tax professional to review your situation and to determine the insurance plan that will best suit your needs and objectives. [1] Ethos Life. “Understanding the Life Insurance Grace Period.” Ethos.com. https://www.ethos.com/life-insurance/life-insurance-grace-period/ (accessed June 4, 2026). [2] Kagan, Julia. “Understanding Accelerated Benefits in Life Insurance Policies.” Investopedia.com https://www.investopedia.com/terms/a/accelerated-benefits.asp (accessed June 4, 2026). [3] Stimpson, Jeff. “Form 1099-LTC Explained: Long-Term Care and Death Benefits.” https://www.investopedia.com/1099-ltc-form-what-to-know-about-the-1099-ltc-form-4781748 (accessed June 4, 2026). [4] Progressive Insurance. ”What is a life insurance critical or chronic illness rider?” Progressive.com. https://www.progressive.com/answers/critical-chronic-illness-rider/ (accessed June 4, 2026).   More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailJordan Berry is an up-and-coming comedian from Lexington, Ky. He moved to Louisville recently to put more time into stand-up. He's a regular at the clubs in the area and is producing the Spotless Clean Comedy Show at The Spot Comedy Club in Lexington. He's only two years in, but he's already performed all over the Midwest and is about to cross Phoenix and Atlanta off his list. It's as if he's acting as the president -- or something like that.Follow Jordan Berry: Instagram: https://www.instagram.com/jdogcomedy/Facebook: https://www.facebook.com/jman.bdogTikTok: https://www.tiktok.com/@j_dogcomedySupport the show

Dealing with the Latest Financial Trend: Spending Your Kids' Inheritance Episode 388 – Financial trends come and go, but the latest, “SKI,” or Spending Kids' Inheritance, is likely to have a lasting impact. Are you prepared? There are some ways to learn how to “SKI” without getting hurt. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 388 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode, dealing with the latest financial trend: spending your kids' inheritance. Have you heard of the latest movement in personal finance? It's called “SKI,” or “Spending Kids' Inheritance.” Not surprisingly, it can create conflict across generations. It wasn't that long ago that people commonly followed the same financial plan: save money during your high earning years, spend carefully during retirement, and leave a decent inheritance for your kids so that they can live a better life than you did. But according to a recent article in Kiplinger, those plans are changing. Rather than focusing on what they'll eventually leave behind, more people are trying to spend their money while they’re still here to enjoy it. Today, new retirees are spending more on experiences, including “bucket list” travel.[1] In many ways, it's simply recognizing that your health, longevity and energy levels are going to run out someday, and maybe it's best to experience some fun while you still have the chance. And it's having an effect on the travel industry. The trend has become noticeable enough that it's “beginning to reshape how affluent travelers are spending their money on luxury travel.”[2] It's understandable why this is happening. As we've documented in previous episodes, longevity is on the rise. But there's also evidence to suggest that healthspans aren't keeping up. Healthspan can be defined as the number of years a person lives a “healthy, active, disease-free life.”[3] Research by the World Health Organization indicates that there's a growing disparity between lifespan and healthspan. The average gap between lifespan and healthspan is estimated at approximately 12.5 years in the United States, which is 13 percent higher than it was in the year 2000. In other words, over time, people are gaining extra years of life faster than they are gaining years of good health.[4] Perhaps one other reason for the upswing in SKI is that a surprising number of heirs end up wasting their inheritance. According to a recent survey by Texas Tech University and the University of Alabama, a substantial portion of heirs spend all of their inheritance in the first year. By then, a full 42 percent had seen their net worth drop back to or below what it had been before the inheritance.[5] As one of the authors wrote, “This propensity to immediately spend the entire inheritance is high. In fact, it's higher than with ANY OTHER type of financial windfall (when controlling for windfall size).” There are certainly some risks built into the SKI trend. For one thing, if you're not careful, you could easily spend your own retirement savings too quickly and be forced to adjust to a lower standard of living. And so many people underestimate the eventual cost of health care and long-term care. Also, it's easy to let small upgrades in your lifestyle add up to a much bigger problem later on, a phenomenon known as “lifestyle creep.” Kiplinger goes on to suggest some ideas for how to SKI intelligently. First, you need to set a baseline. Not for what you want to spend, but for what you want to keep. This should help maintain some peace of mind for both you and your heirs.[6] Next, they suggest doing some extra budgeting when it comes to travel. Make travel a specific factor in your overall retirement plan. The author also feels that a bucket list trip doesn't have to be to an exotic place on the other side of the world. It just has to be meaningful. In the long run, a memorable shared experience while you're living can have a greater impact than a bigger inheritance.[7] And finally, maybe you can still make some gifts to your heirs from time to time. The belief is that a smaller financial gift, at the right time, can have an oversized impact. So can bringing some of your heirs along with you on some of your trips. The memory might end up being more important than the money.[8] An important question remains, however: how to deal with SKI? There's one potential solution they fail to mention: life insurance. It's there to provide that extra cushion. If you've got enough of it, you can feel free to spend a good chunk of your kids' inheritance without much guilt. It's as if you've addressed the inheritance part prior to your retirement spending. Purchasing life insurance, and early, can be one of those instances where you really can get the best of both worlds during your working years and in retirement. And as you probably realize, the older you get, the higher life insurance premiums become. So, the sooner you start, the better. Do you have enough life insurance that your heirs will be OK if you decide to go “Skiing?” Your Security Mutual Life insurance agent can help. Your Security Mutual Life insurance agent will augment or assemble your team and coordinate with your attorney and tax professional to review your situation and to determine the insurance plan that will best suit your needs and objectives. [1] Maddox, Choncé. “The SKI Travel Trend Is Reshaping Retirement Spending.” Kiplinger.com. https://www.kiplinger.com/personal-finance/travel/ski-retirement-travel-trend (accessed April 28, 2026). [2] Kompanik, Noreen. “The SKI trend that's reshaping travel.” GMtoday.com. https://www.gmtoday.com/travel/the-ski-trend-that-s-reshaping-travel/article_07ca7b72-0eb4-43fc-b8ec-e69fef82a694.html (accessed April 29, 2026). [3] Buckles, Susan. “The global divide between longer life and good health.” Mayoclinic.org. https://newsnetwork.mayoclinic.org/discussion/the-global-divide-between-longer-life-and-good-health/ (accessed April 28, 2026). [4] Borst, Heidi. “Longevity In The U.S.: The Gap Between Lifespan and Health Span.” Forbes.com. https://www.forbes.com/health/wellness/longevity-life-expectancy/ (accessed April 28, 2026). [5] Brin, Dinah Wisenberg. “Heirs Beware: 42% Spend Inheritance Within a Year, Study Finds.” Thinkadvisor.com. https://www.thinkadvisor.com/2026/04/07/heirs-beware-42-spend-inheritance-within-a-year-study-finds/ (accessed April 28, 2026). [6] Maddox, Choncé. “The SKI Travel Trend Is Reshaping Retirement Spending.” Kiplinger.com. https://www.kiplinger.com/personal-finance/travel/ski-retirement-travel-trend (accessed April 28, 2026). [7] Id. [8] Id. More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Tony opens the show by talking to House Minority Leader and fellow Binghamton alum Hakeem Jeffries about the Knicks huge comeback win, and Tony also talks about losing power at his house. Brian Windhorst calls in to talk some more about the Knicks and Spurs, Barry Svrluga calls in to talk about the Nats, the NBA Finals, the Stanley Cup Finals, the World Cup and also about the Brendan Sorsby situation, and Tony closes out the show by opening up the Mailbag. Songs : MidLyfe's Crisis “Warning Signs” ; “16 Hours” To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Send us Fan MailJohnny Mocny spent the first eight years of his comedy career in Lansing, Mich., traveling the state and working all over the Midwest. He started coming to Chicago regularly in 2025 and moved there in January, joining his friend and Rocket Force Podcast co-host, Louis Michael. Mocny has opened for Sam Tallent, Roy Wood, Jr. and has been hosting the We Are Movies podcast since 2019. Follow Johnny Mocny: Instagram: https://www.instagram.com/johnnymocny/TikTok: https://www.tiktok.com/@johnnymocnycomedy?_t=8kx0cugnake&_r=1YouTube: https://www.youtube.com/@JohnnyMocnySupport the show

What Exactly Is a Reverse Mortgage? Episode 387 – We hear so much talk these days about reverse mortgages. Are they worth looking into? For some people the answer is yes, but only if certain conditions are met. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 387 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: so what exactly is a reverse mortgage? It's hard to miss all the talk these days about reverse mortgages as an income tool for retirees. Some experts like them, some experts don't. But what are they and how do they work? For many Americans, their biggest asset is the equity they have in their home. Some might not have saved much for retirement. But after years, perhaps decades, of living in the same home, they've built up their home equity through appreciation and amortization of their mortgage. When they look at their balance sheets, that becomes their biggest plus. What options do people have if they get to retirement age, have limited retirement savings, and realize that Social Security just isn't going to be enough? A reverse mortgage is one possible answer. A reverse mortgage is available for homeowners aged 62 and over. It is a way to fund retirement by borrowing against the equity you've built up in your home. The more home equity you have, the better. But it's certainly not for everyone. A reverse mortgage is not the same thing as a home equity line of credit, or HELOC. It's called a reverse mortgage because instead of you making monthly payments to the bank, the bank makes monthly payments to you. The income you get from a reverse mortgage is generally not taxable. You can use that income as needed to cover monthly expenses, including such things as home maintenance, property taxes, or, if needed, home health care expenses.[1] A reverse mortgage isn't free. The amount you owe against your house, which includes the principal and accruing interest, increases as you receive your monthly payments. So over time, your home equity decreases. You are essentially trading a little bit of your home equity every month for current income. Note that you typically don't have to repay the mortgage as long as you continue to use the home as your primary residence. But if you decide to sell your house or move out, the full balance will become due. If you die before you move out, in most cases your executor will sell the home and use the proceeds to pay back the accumulated reverse mortgage debt.[2] Reverse mortgages generally come in three different varieties. The first, and by far the most common, are loans overseen by the Federal Housing Authority. These are known as Home Equity Conversion Mortgages or HECMs. The homeowner has discretion over what to use the funds for, but before closing, they must meet with a counselor approved by the Department of Housing and Urban Development. This one requirement is designed to help curb fraud and abuse. HECMs account for approximately 95 percent of all reverse mortgages.[3] They are more regulated than other types of reverse mortgages and offer some extra protection. For one thing, neither you nor your heirs will ever owe more than the house is worth, even if it goes down in value. And if your lender goes out of business, the federal insurance program guarantees that you will still receive your monthly payments.[4] The maximum you can borrow under the federal program in 2026 is $1,249,125.[5] You will typically need to have at least 50 percent equity in your home (based on appraised value) to qualify. Reverse mortgages typically have adjustable interest rates. Note that the income from a reverse mortgage usually comes in the form of a monthly payment, but that's not a requirement. It can also be in a lump sum. The two other less common types of reverse mortgages are “single-purpose reverse mortgages,” which are backed by a nonprofit organization or a state or local government, and “proprietary reverse mortgages,” which are offered by private organizations without any government backing. Reverse mortgages have had a somewhat mixed reputation over the years. For one thing, the fees involved can be considerable. A reverse mortgage typically has origination fees, mortgage insurance premiums, closing costs and monthly servicing fees, all of which add up.[6] And there are still some scams out there. Some fraudsters will entice vulnerable seniors with misleading or fraudulent claims. One of those might be when a potential intermediary tries to get you into a reverse mortgage, then uses the money for some sort of “investment opportunity” that they control. They will then typically end up pocketing some of your home's equity themselves.[7] One way to avoid scams like this is to start with a trusted financial advisor or your current lender. Are there other potential solutions? Of course. The most obvious is, if possible, to save more at an earlier age and allow compound interest to work its magic. But for a lot of people, that's just not possible. For some people, a reverse mortgage is another option. There are caveats, but this may be a good choice in the right circumstances. A reverse mortgage is not the perfect solution, but for some, depending on their situation, it may be the most viable one. [1] Equifax Life Stages. “What is a Reverse Mortgage and How Does it Work?” Equifax.com. https://www.equifax.com/personal/education/credit/score/articles/-/learn/reverse-mortgage/ (accessed May 19, 2026). [2] Id. [3] Yale, Aly J. “What Is a Reverse Mortgage?” AARP.org. https://www.aarp.org/money/personal-finance/reverse-mortgage-guide/ (accessed May 19, 2026). [4] Id. [5] Johnson, Jamie. “HECM Loan Limits: What They Are and How They Work in 2026.” Themortgagereports.com. https://themortgagereports.com/124868/hecm-loan-limits (accessed May 20, 2026). [6] Miller, Peter G. “Reverse mortgage pros and cons.” Bankrate.com. https://www.bankrate.com/mortgages/reverse-mortgage-pros-and-cons/#cons (accessed May 20, 2026). [7] Goff, Kacie. “Reverse mortgage scams: What they are and how to avoid them.” Bankrate.com. https://www.bankrate.com/mortgages/reverse-mortgage-scams/#common-scams (accessed May 20, 2026). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailTony Sykowski grew up in Hadley, Mass., and began doing sketch and improv in Chicago. After five years there, he came to New York City and started traveling up the stand-up ladder in 2018. He's performed at the Asheville Comedy Festival and the Tiny Cupboard Penthouse. He's headlining the opening night of the Crooked Mouth Comedy Festival on Oct. 15.  Follow Tony Sykowski: Instagram: https://www.instagram.com/tonysykowski/TikTok: https://www.tiktok.com/@tonysykowskiWebsite: https://tonysykowski.com/Support the show

Should I Turn Down My Inheritance? Episode 386 – Why would you ever choose NOT to accept an inheritance? There are a few good reasons. And it's doable if you decide that's what you want. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 386 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: should I turn down my inheritance? So, a family member has died recently and left some assets to you. You should be happy you've been left an inheritance, but it's complicated. Maybe you'd rather the money went to someone else. Or maybe, for whatever reason, it's just not worth the trouble. Do you have to accept it? The answer is no. Why would you ever choose not to accept assets that someone has given to you? There are a few situations where it makes sense. One case might be related to federal or state estate taxes. If you're already a high-net-worth individual who may have an estate tax issue, it may be better to disclaim, assuming your preferred beneficiary is next in line. This is especially true if the next beneficiaries are your children, who are likely to inherit your assets eventually. Why subject the assets to an extra layer of taxation on the way there? Also, inheriting certain assets, such as a traditional IRA, can be very complicated. When you inherit an IRA, unless you're a surviving spouse, current tax law requires you to withdraw the funds—and pay income taxes along the way—within ten years. If you're in a high-income tax bracket, you might not end up with as much as you hoped for. The next person in line, who might be in a lower income tax bracket, could end up with more money after taxes. And they may need the income more than you do. One sophisticated strategy some people use is to set up their favorite charity as a secondary beneficiary to their estate. If the IRA owner trusts his or her heirs' judgment, he or she could leave the IRA to them. They would then figure out whether it makes sense to disclaim the IRA, allowing it to pass to the charity. This could result in considerable income tax savings.[1] Sometimes there are other reasons you might choose to disclaim. The asset could be a rundown piece of real estate with deferred maintenance or environmental issues. In a case like that, you might decide that you just don't want it. Or maybe you simply don't need it. That could be a key consideration if the next person in line is your child or someone else you care about. Just keep in mind that it gets tricky if the new inheritor is a minor. Minors are considered legally incapable of owning assets directly, so they generally can't assume control or management of inherited assets. A court-appointed legal guardianship may be required.[2] So, what happens if you decide the answer is “no, thanks?” You would then need to file what's called a “qualified disclaimer.” If you do it properly, the assets pledged to you will be passed along to the next person in line. Although every state and every situation is different, here are some generic rules you might need to follow:[3] The disclaimer must be in writing. It also needs to be irrevocable and without any qualifications. Once you decide to disclaim, you can't change your mind. Also, you're not allowed to make it contingent on something else happening or not happening. The disclaimer must be made before you accept the assets. You can't give them back once you have them. It must be made in a timely manner. You generally need to submit the disclaimer within 9 months. However, there is an exception if the beneficiary is under age 21. In that case, the deadline is nine months after they reach age 21.[4] The disclaimer also needs to be unlimited. You're not going to be able to attach any conditions to the disclaimer. Note that it is also possible to execute a partial qualified disclaimer, but it can be tricky. For example, if you're scheduled to receive a certain number of shares in a publicly traded company, you may be able to keep a selected percentage of those shares while disclaiming the rest.[5] It's important to understand that a qualified disclaimer has its limitations. Maybe the most important of those is that you have to completely give up any right to the disclaimed assets. In other words, if you say no, you don't get to choose what happens next. You'll need to look closely to see where the money will end up if you disclaim. You might prefer that your children be next in line, but it's not your choice. If it's actually your long-lost cousin Ethel, that could also be a factor in your decision. It's not often that people are in a position to decline inherited assets. But in certain situations, it's nice to know that it can be done, if it makes sense. [1] Saunders, Laura. “When Heirs Are Right to Say ‘Thanks but No Thanks' to an Inheritance.” The Wall Street Journal. https://www.wsj.com/personal-finance/taxes/when-heirs-are-right-to-say-thanks-but-no-thanks-to-an-inheritance-5ea96aac?mod=Searchresults&pos=1&page=1 (accessed May 11, 2026). [2] Trust & Will. “Minors Inheriting Assets: Limitations and Considerations.” Trust&will.com. https://trustandwill.com/learn/minors-inheriting-assets (accessed May 11, 2026). [3] Hartnett, Stephen C., J.D., LL.M. “Qualified Disclaimers.” Aaepa.com. https://www.aaepa.com/2014/03/disclaimers/ (accessed May 11, 2026). [4] TaxNotes. “Sec. 25.2518-2 Requirements for a qualified disclaimer.” TaxNotes.com. https://www.taxnotes.com/research/federal/cfr26/25.2518-2 (accessed May 11, 2026). [5] National Archives Code of Federal Regulations. “§ 25.2518-3 Disclaimer of less than an entire interest.” Ecfr.gov. https://www.ecfr.gov/current/title-26/chapter-I/subchapter-B/part-25/subject-group-ECFRac39af22636eabc/section-25.2518-3 (accessed May 11, 2026). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

When a dry-goods robbery in a river town leaves one clerk shot dead and two thieves drowned, a down-at-heel Ravenmill private eye is called in to put a name to the lone survivor — a soft-spoken scholar who keeps walking out of cages no man should be able to open.EPISODE PAGE (includes list of sources): https://weirddarkness.com/noir-mancagescouldntholdTHE REAL CASE BEHIND THIS STORY: This episode is inspired by the case of Edward H. Rulloff (1819–1871), a Canadian-born polymath who lived as both a respected scholar and a career criminal. A doctor, lawyer, schoolmaster, photographer, inventor, and self-taught philologist, Rulloff devoted his life to a language manuscript he believed would revolutionize the field — work he financed through theft and largely wrote in prison cells. In 1844 his wife, Harriet Schutt, and their infant daughter, Priscilla, vanished from Lansing, New York. No bodies were ever found despite repeated dragging of Cayuga Lake, and Rulloff was convicted of abduction rather than murder, serving ten years in Auburn Prison. A later murder conviction was overturned on appeal, and he was ultimately freed. He moved to New York City, where he and his associates Albert Jarvis and Billy Dexter robbed stores, specializing in hard-to-trace sewing silk. On August 17, 1870, the three men broke into Halbert's dry goods store in Binghamton, New York. A clerk and night watchman, Fred Merrick, was shot dead during the struggle. Jarvis and Dexter drowned in the Chenango River while fleeing; Rulloff was captured after giving false names and hiding in a farm outhouse. He was recognized as the long-suspected Lansing killer, tried for Merrick's murder, and convicted of first-degree murder. His case drew national debate — Horace Greeley argued his intellect was too valuable to waste, while Mark Twain mocked the sentiment in a satirical letter to the Tribune. Rulloff was hanged on May 18, 1871. Before his execution he confessed to killing his wife with a medicine pestle but never admitted to harming his daughter, who some believed survived and was raised by his brother. His body was displayed, a death mask was made, and his head was kept for study; his brain remains part of the Wilder Brain Collection at Cornell University to this day.WeirdDarkness® is a registered trademark. Copyright ©2026, Weird Darkness.Originally aired: May 28, 2026

Send us Fan MailBob McClure likes comedy and baseball. It's tough to know which one he likes more, though those 1990s Indians teams grabbed hold pretty tightly. He graduated college with a theater degree and moved to Los Angeles in 2017. He got a crash course in stand-up comedy and was able to get regular work before coming back to Akron, Ohio. He's a big part of the Cleveland chapter of the International Roast Battle League. He's got a wife and a daughter now and they're preparing to move to Vancouver in Canada at the end of June. Once he settles in, it's time to learn a new comedy scene.Follow Bob McClure: Instagram: https://www.instagram.com/bigmcclure/Cleveland Roast Battle: https://www.tiktok.com/@roastbattleclevelandSupport the show

The Southeastern 16 crew previews the Morgantown Regional of the 2026 NCAA Baseball Tournament, with host West Virginia playing alongside Wake Forest, Kentucky and Binghamton. Southeastern 16 Merch: https://se16.printify.me/ HOMEFIELD https://www.homefieldapparel.com/ ROKFORM Use promo code SEC25 for 25% off! The world's strongest magnetic phone case! https://www.rokform.com/ JOIN OUR MEMBERSHIP Join the "It Just Means More" tier for bonus videos and live streams! Join Link: https://www.youtube.com/channel/UCv1w_TRbiB0yHCEb7r2IrBg/join FOLLOW US ON SOCIAL MEDIA Twitter: https://twitter.com/16Southeastern ADVERTISE WITH SOUTHEASTERN 16 Reach out to se16.caroline@gmail.com to find out how your product or service can be seen by over 200,000 unique viewers each month! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

ESPN baseball analyst Jensen Lewis joins to discuss the Morgantown regional; WVUs starting pitcher for game 1 vs Binghamton is revealed by Steve Sabins, Kyle Wiggs update from high school softball state tournament.

Breaking down the WVU Baseball Regional in Morgantown with Kentucky insider Cole Parke.

For the first time since 2019, West Virginia baseball is hosting NCAA Tournament games. The No. 16 national seed, the Mountaineers will host Wake Forest, Kentucky and Binghamton for the 2026 Morgantown Regional beginning on Friday.  On this episode of The Gold and Blue Nation Podcast, presented by Mountain State Oral and Facial Surgery, hosts Ryan Decker and Cody Nespor share their thoughts on the Morgantown Regional and WVU's chances to advance to a third straight Super Regional.

Careless Spending Can Erode Income Gains Revisited Episode 385 – If your income goes up over time, it doesn't necessarily mean that you’ll be able to save more. If you're not careful, “lifestyle creep” can make things worse. Here are a few ideas on how to fight back against lifestyle creep. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 385 Hello this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode, we take a look back at one of our favorite previous episodes, careless spending can erode income gains. It may be counterintuitive, but sometimes doing better financially can do more harm than good to your savings. This is due to a phenomenon known as lifestyle creep. Lifestyle creep, sometimes referred to as “lifestyle inflation,” occurs when your spending increases as your income rises, turning yesterday's luxuries into today's necessities. Without realizing it, this slow increase in expenses can make it difficult to save money and reach your financial goals. Increases in online shopping, subscription services and food delivery can all be indicators of lifestyle creep.[1] The result is that, in spite of your improved income, you begin saving and investing less and less. What can you do if you see this happening to you? Here are a few ways to resist the impulse spending that comes with lifestyle creep: Use a “buy list.” Resist the impulse to purchase something by instead creating what's called a “buy list.”[2] Put the thing you want to buy on that list. Then, after a designated period of time, say ten days or so, if you still feel like you want it, go ahead and make the purchase.[3] Set up an automatic investment plan. In other words, pay yourself first. You can get money automatically transferred every month from your checking account to a mutual fund or a savings account. Or your employer might also be able to deposit a portion of your paycheck directly into your savings or investment account, or into a cash value life insurance policy. The idea is to save the money before you have a chance to spend it. Realize that there may be emotional reasons for lifestyle creep. Sometimes it's jealousy or personal insecurity that leads us to spend more.[4] If you see this happening, it may be time to think about the things that influence you and how to change them. For example, you may want to spend more time with people who really appreciate you.[5] Also, social media doesn't help. People tend to want to live like others they see online.[6] Perhaps a social media budget or social media vacation can help. If you don't have a budget, maybe it's time to get one. One of the most basic ways to do this is to simply set some limits. Decide how much to spend on discretionary items and find a way to stick to it. Make sure you carefully track your spending. Numerous online budgeting tools can help. Also, be sure to review the plan regularly to see how you're doing and adjust if needed. Become an educated consumer. There may be cheaper options for expensive stuff or experiences. You just have to look around. Perhaps a used item can give you the same satisfaction as a new one. Think carefully if you get a bonus at work. If you get a bonus, it may be a good idea to put it directly towards your savings, so it's already out of sight and out of mind. Audit your spending. If you take a serious look, you may find some extra things that have sneaked into your spending habits. Are they necessities? If not, it may be time to cut back. Every dollar counts! If your income goes up over time, it doesn't necessarily mean that you’ll have more money in your savings or checking accounts. Very often it does, but if you're not careful, lifestyle creep can kill any progress towards your financial goals or even make things worse. The best way to deal with this is up to you, but careful planning and simply thinking through your spending is a good start. This doesn't mean that you're never going to splurge. There's no need to get too worried about small, infrequent, indulgences.[7] Focus on the bigger picture. [1] Tam, Ruth and Aslam, Michelle. “If your spending is eating your savings, you might be experiencing ‘lifestyle creep’.“ NPR.org. https://www.npr.org/2022/07/13/1111300716/lifestyle-creep-definition (accessed March 10, 2025). [2]  Id. [3] Id. [4]  Id. [5] Id. [6] Gould, Wendy. “The Seductive Trap of the Lifestyle Creep.” Verywellmind.com. https://www.verywellmind.com/lifestyle-creep-8667848 (accessed March 14, 2025). [7] Tam, Ruth and Aslam, Michelle. “If your spending is eating your savings, you might be experiencing ‘lifestyle creep’.“ NPR.org. https://www.npr.org/2022/07/13/1111300716/lifestyle-creep-definition (accessed March 10, 2025). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailEric Camp has been doing standup in the Binghamton, N.Y., area for two years. He played in punk bands growing up and made fun of the other bands and scene kids from the stage. He started to go to local comedy shows and attended the open mics for about a year as an audience member before taking the stage. The study time has paid off because he's one of the hardest-working comedians in the area. He's also a Thomas J. Watson Elementary School graduate, just like Mike Peters. It's a very big deal.Follow Eric Camp: Instagram: https://www.instagram.com/ericcampcomedian/TikTok: https://www.tiktok.com/@ericcampcomedianSupport the show

Are You Sure You Want to Be an Executor? Episode 384 – Being named as an estate executor is often considered an honor, and you will be compensated for your efforts. But is it worth all the potential trouble? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 384 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: are you sure you want to be an executor? Perhaps you should consider it an honor. Your Uncle Charlie, who always liked, trusted and respected you, has named you as the executor of his will. What does that even mean? The executor of an estate is the person (or, sometimes an entity) appointed to manage the financial affairs of a deceased individual and to carry out their wishes as outlined in their will. The executor is usually a family member, but it can also be a close friend, financial advisor or family lawyer. It can also be a financial institution. And sometimes there's more than one. So, what does an executor do? Here are some of the early steps many executors take: obtaining copies of the death certificate and filing a copy of the will with the probate court where the deceased lived. Before the court approves the executor, they may schedule a hearing to give interested parties a chance to either contest the will or object to the appointment of the executor.[1] Once approved, the executor generally needs to notify the appropriate parties of the decedent's death. This may include friends and family members, financial institutions and government agencies, such as the Social Security Administration. Then they usually need to gather all the estate's assets and liabilities. After that, the executor will need to settle any debts or taxes before the assets can be distributed. Once all this is done, they will supervise the distribution of the assets.[2] It sounds complicated, and it very often can be. It typically takes three to six months, but it can be much longer, sometimes as long as two years or more.[3] [4] And it could involve a major time commitment on the executor's part. Also, the amount of paperwork can be overwhelming. Here's one good reason to say yes: executors usually get paid. However, for small and modest sized estates where family members act as executor, this is often done free of charge.  In larger and more complicated estates, the rate is typically set by state law, with a normal rate of anywhere between 2 and 5 percent of the total estate value.[5] In many cases the rate will be calculated on a sliding scale based on the value of the estate. In New York, for example, the fee is 5 percent for estates below $100,000, gradually dropping down to 2 percent for estates of more than $5 million. Two percent of $5 million is $100,000. Things can sometimes get tricky for an executor. In most states, the executor can also be a beneficiary of the estate.[6] This has the potential to create a conflict of interest, if not conflict with the other beneficiaries. The entire process can be overwhelming for some. It's important to remember that even though it may be an honor, you don't have to accept it. Another alternative might be to accept the assignment but hire some professionals to help you out.[7] And people do sometimes turn down the opportunity to serve as an executor, despite any personal or financial incentives. Potential family conflicts are sometimes enough to scare someone off. For example, the decedent might own a house that is scheduled to be split among his children. But what happens if one of them is already living there? The executor may have to notify the resident that he or she must move out so that the property can be sold. It may carry some prestige, but acting as the executor can often put them in the middle of disagreements between some of the heirs over the distribution of assets. If you're a family member or friend, being an executor can cause irreparable damage to your personal relationships, and that's one of the big reasons people sometimes opt out. It's also important to recognize that an executor is considered a fiduciary for the estate and its beneficiaries. This is a high ethical standard where, if the executor does something wrong or enriches him or herself unjustly, they can be sued personally. The potential for personal liability may be enough of a reason to reject the nomination, particularly in large or complicated estates. Finally, note that things can get even more complicated if the individual does not have a will. In that case, the court will appoint someone to be the administrator of the estate. That's basically the same job as the executor, but with a court-appointed individual who may or may not have known the decedent. If you're the one who's doing your own estate planning, putting together the will—with the help of a qualified estate planning attorney—is a good start. You'll need to think seriously about who you want as your executor. Just as important, you need to communicate early and openly about your decisions with everyone involved. And be sure to revisit your choice every few years. [1] MetLife. “Executor of Estate: What Do They Do?” MetLife.com. https://www.metlife.com/stories/legal/executor-of-estate/ (accessed April 16, 2026). [2] Id. [3] American Wills & Estates. “How Long Does Probate Take and How Much Does it Cost?” Americanwillsandestates.com https://americanwillsandestates.com/blog/how-long-does-probate-take-and-how-much-does-it-cost/ (accessed April 16, 2026). [4] Beck, Lenox & Stolzer. “How Long Does It Take to Distribute Assets and Close an Estate?” Beckelderlaw.com. https://beckelderlaw.com/how-long-does-it-take-to-distribute-assets-and-close-an-estate/# (accessed April 16, 2026). [5] The Olear Team. “Executor of estate fees: How much is paid, and when?” Olear.com. https://olear.com/executor-estate-fees-much-paid/#:~:text=What%20are%20executor%20of%20estate,executor%20fee%20is%202%20percent (accessed April 16, 2026). [6] MetLife. “Executor of Estate: What Do They Do?” MetLife.com. https://www.metlife.com/stories/legal/executor-of-estate/ (accessed April 16, 2026). [7] Miura, Danielle. “Your client is the executor. Now what?” Insurancenewsnet.com. https://insurancenewsnet.com/innarticle/your-client-is-the-executor-now-what (accessed April 16, 2026). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailAaron Richter did his first stand-up set in Guatemala, like most comedians. He picked it up again when he got to Chicago and is now in West Lebanon, N.H. He runs a pair of open mics and produces shows at Bright Side Brewing in West Lebanon. He's also a music director and an organist at his church. And he might be a future TV producer. We'll see. Follow Aaron Richter: Instagram: https://www.instagram.com/aaronrichtercomedy/Support the show

The Latest on Wealth Taxes Episode 383 – The concept of a wealth tax—applying a tax to the value of someone's assets—has become popular in some state legislatures in the last few years. Are they likely to catch on anytime soon? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 383 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: the latest on wealth taxes. Public budget concerns seem to be everywhere, and state governments are no exception. The problem has gotten worse in the past few years because, in some cases, states would like to continue programs that were started with federal COVID spending that has since run out.[1] So, what's left for a state to do? Some are taking a look at so-called “wealth taxes” as a way to raise revenue. The appeal of wealth taxes is that, in theory, a state government can raise significant sums of money while affecting only a small slice of its population. A wealth tax takes a completely different approach from a sales, income or estate tax. It's a tax imposed on someone's net worth, that is, the total market value of their assets minus liabilities.[2] Here's an example. Let's say there's a two percent wealth tax on individuals with a net worth above $100 million in a particular state. If you're lucky enough to have a net worth of $1 billion, you would pay on the difference of $900 million, resulting in a tax bill of $18 million. Some proposed wealth taxes are written to occur annually while others are written as a one-time levy. One of the arguments in favor of wealth taxes is that they could raise a significant amount of revenue for the individual states. Another is that they would make the tax system more progressive and thus lessen the effects of income inequality. Some studies have indicated that income inequality has risen in the United States in recent years.[3] But there are also some notable arguments against the use of wealth taxes, particularly at the state level. For one thing, individual mobility would likely work against them. In other words, a high-income individual facing a wealth tax can simply move to another state to avoid it. There is evidence to suggest that a high tax burden can prompt some people to relocate. For example, after decades of growth, California, the state with the highest maximum income tax rate at 13.3 percent, has led the nation in net out-migration for six consecutive years, according to a 2026 report.[4] Critics suggest that more recent developments in California could make matters worse. The state is now considering a referendum that, if approved, would impose a one-time five percent wealth tax on state residents with a net worth of $1 billion or more. Advocates are currently gathering signatures in an effort to get the proposed tax on the ballot in 2026.[5] There is anecdotal evidence that some California billionaires have left the state out of fear that the proposal will become law, among them Larry Page, Sergey Brin and Mark Zuckerberg.[6] Other states, such as Illinois, Maryland and Washington have all introduced wealth tax legislation, although the final outcome remains uncertain in each state.[7] There are still unanswered questions about how a wealth tax would work. Conceptually, a wealth tax is based on the value of your assets, rather than the income you receive from them. This is different from, for example, capital gains taxes, which only become payable when you sell the asset. What happens if you pay a wealth tax one year—without selling the assets—and then the value of those assets goes down the next year? Would you get a refund? The answer seems to be no. At the federal level, the question of whether a wealth tax is permitted under the U.S. Constitution is a matter of intense legal debate. The federal income tax began in 1913 after the 17th Amendment was passed to specifically authorize it.[8] Many experts believe that a federal wealth tax would not currently pass a constitutional challenge, and it would likely take another amendment before it is allowed.[9] At the state level, each one of them has its own constitution, and they're all different. There are potential legislative, constitutional and practical obstacles that could end up being too big to handle. Only time will tell whether the states will be able to collect the bonanza they're hoping for. [1] Finseca. “Finseca Policy 02/24/26: State Wealth Tax Blitz & US Deficit Updates.” Finseca.org. https://www.finseca.org/finseca-policy-02-24-26-state-wealth-tax-blitz-us-deficit-updates/ (accessed April 13, 2026). [2] Peter G. Peterson Foundation. “What Is a Wealth Tax, and Should the United States Have One?” Pgpf.org. https://www.pgpf.org/article/what-is-a-wealth-tax-and-should-the-united-states-have-one/ (accessed April 13, 2026). [3] Cunningham, Mary. “Wealth inequality in America just hit its widest gap in more than 3 decades.” CBSNews.com. https://www.cbsnews.com/news/us-wealth-gap-widest-in-three-decades-federal-reserve/ (accessed April 13, 2026). [4] Christopher, Nilesh. “California's exodus isn't just billionaires — it's regular people renting U-Hauls, too.” The Los Angeles Times. https://www.latimes.com/business/story/2026-01-08/californias-exodus-isnt-just-billionaires-its-regular-people-renting-u-hauls-too (accessed April 13, 2026). [5] BDO USA, P.C. “California's Billionaire Tax Proposal Would Allow Sweeping, One-Time Taxation Based on Net Worth.” BDO.com. https://www.bdo.com/insights/tax/californias-billionaire-tax-proposal-would-allow-sweeping-one-time-taxation-based-on-net-worth (accessed April 13, 2026). [6] Perman, Stacy. “Inside the exodus of California tech billionaires to Florida.” The Los Angeles Times. https://www.latimes.com/entertainment-arts/business/story/2026-03-11/inside-exodus-of-california-tech-billionaires-to-florida (accessed April 13, 2026). [7] Finseca. “Finseca Policy 02/24/26: State Wealth Tax Blitz & US Deficit Updates.” Finseca.org. https://www.finseca.org/finseca-policy-02-24-26-state-wealth-tax-blitz-us-deficit-updates/ (accessed April 13, 2026). [8] Bishop-Henchman, Joe. “Is a Wealth Tax Constitutional?” Ntu.org. https://www.ntu.org/foundation/detail/is-a-wealth-tax-constitutional (accessed April 13, 2026). [9] Id. More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Nate is joined by Bruce Juneau, the Sports Director for News 34, the television station based in Binghamton. Bruce has built a strong reputation in the area for coverage of the smaller schools throughout our corner of Section IV, often handling the work as a one-man crew. Originally from northern New York, he looks back on his high school playing days with the Chazy Eagles, one of the premier boys soccer programs in New York State history with 10 NYSPHSAA Class-D championships. Bruce discusses how growing up around that winning culture sparked his interest in broadcasting. He also talks about what eventually led him to the Southern Tier and what he enjoys most about covering local sports. His easy going personality, approach to the business, and perspective on athletics are a refreshing change of pace for viewers throughout the region. 

Sooners Illustrated's Josh Callaway and Tom Green preview the NCAA Softball Tournament as Oklahoma prepares to make a run at a national title, give a temperature check on OU Baseball after another series loss and break down OU Basketball's roster after signing 2026 4-star guard Quincy Wadley. 0:00 - Sooners Illustrated Podcast Ep. 270 1:25 - Softball: OU knocked out early in SEC Tournament by Georgia 6:26 - NCAA Tournament: OU lands as No. 3 seed, hosts Binghamton on Friday 16:48 - Baseball: OU loses third straight series at Arkansas 22:46 - Hoops: OU lands 2026 4-Star SG Quincy Wadley 28:54 - Is OU's roster better on paper than last season? To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

EPISODE 416 ECU Alum & Binghamton Black Bears PxP Voice Brooks Hills talks NHL Playoffs by Pirate Radio 92.7FM Greenville

Send us Fan MailChris Nakis has been all over the country doing stand-up. Well, he's been on both coasts. That good enough. He started in Boston 14 years ago before moving to Portland, Ore. After five years there, he and his wife moved to the Pittsburgh area. A Cleveland native, Chris released his full special, "Gonna Wanna," in 2024 and is planning to put out a shorter one soon. If you're ever near Mars, Pa., go see him.Follow Chris Nakis: Instagram: https://www.instagram.com/chris_nakis/TikTok: https://www.tiktok.com/@chris_nakisYouTube: https://www.youtube.com/@chris_nakisGonna WannaSpecial: https://www.youtube.com/watch?v=jxjMk6cRgB4Album: https://open.spotify.com/artist/1p7rZQTJyEKOwYUf4j5GZsWebsite: https://www.chrisnakis.com/homeSupport the show

Social Security and Divorce Episode 382 – Divorced spouses may be caught unaware that they could be eligible for a Social Security benefit based on their ex's work history. The rules are complicated, but if you're in that situation, there may be a pleasant surprise waiting for you: collecting a Social Security benefit you didn't even know existed. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 382 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: Social Security and divorce. We spoke extensively about the phenomenon of “gray divorce” in an episode last summer, meaning divorce specifically for those over age 50. While the overall divorce rate has fallen in recent years, the rate among people over age 50 has risen dramatically.[1] And for those people, it's important to know something about how Social Security works for divorced spouses. It's safe to say that getting divorced can be, and usually is, a trying experience. And it can really mess up your retirement, especially for the lower-earning spouse. But the Social Security Administration (SSA) has provided some flexibility for divorced spouses when it comes to collecting their retirement benefits. When considering Social Security, selecting the right claiming strategy often comes down to understanding two special types of benefits: spousal and survivor benefits. And with both of these, there are special rules designed to protect divorced spouses. Understanding these rules can make a huge difference in the quality of your life in retirement. First, let's talk about spousal benefits. Spousal benefits are generally available any time one spouse has a personal Social Security benefit that's less than half of the other spouse's benefit. For example, assume your benefit at age 67 (Full Retirement Age or FRA) is $3,000. But your spouse may have only worked part-time, or may have left the workforce for a period of time. So, let's say their personal benefit as a result is only $500. Spousal benefits max out at 50 percent of the higher-earning spouse's FRA benefit. So, if you both file at 67, you would receive your full personal benefit of $3,000. Your spouse would receive his or her own personal benefit of $500, plus an additional spousal benefit of $1,000, bringing their total benefit to $1,500, which is 50 percent of yours. You can also choose to collect earlier if you wish—at a reduced rate—so long as you're at least 62 years old, which is the youngest age for filing for a personal or spousal benefit. But if your spouse has a personal benefit that is more than half of yours, no spousal benefit would apply. Also, note that your spouse does not become eligible for a spousal benefit until you yourself file. So, if you choose to max out your benefit by waiting until age 70, your spouse has to wait too, at least for the spousal portion. What are the special regulations that affect divorced spousal benefits? First, it's important to recognize the most basic rule: if you were married for at least 10 consecutive years before you got divorced, you are entitled to the same benefit you would have received if you were still married. So, you may be able to receive that spousal benefit even if you're no longer married. But there's more. Aside from being married ten years, if you have also been divorced for at least two, you are considered “independently entitled” to benefits.[2] As we said, for a married couple, the lower-earning spouse cannot get a spousal benefit until the other spouse collects their own benefit. But this rule is waived for an independently entitled ex-spouse. This helps avoid the awkward situation of trying to coordinate things with your ex. Finally, it's important to recognize that if you decide to re-marry at some point, the spousal benefit disappears. At that point, it's as if the first marriage never happened. But perhaps you can still qualify for a spousal benefit with your new spouse. The ten-year rule only applies to divorced spouses. A current spouse can receive a spousal benefit once they've been married for at least one year. Now let's cover survivor benefits, which are probably even more important for most married and divorced spouses. Note that survivor benefits are not 50 percent, they're 100 percent of the higher-earning spouse's benefit. And in most cases, they're pretty straightforward. Once you get past FRA, the surviving spouse's benefit is simply the higher of the two. So, let's continue with our previous example. You're collecting $3,000 a month, and your spouse is collecting $1,500, which includes a $1,000 spousal benefit. If you die, your spouse moves up to your benefit of $3,000 per month. If your spouse dies before you do, you simply go on collecting your $3,000. If you're still married, that's at least one piece of good news: your spouse gets a raise. But there's also some bad news (aside from the fact that you're not there anymore!). As a household, you were collecting a total of $4,500 while both of you were still alive. Now that's down to $3,000 for the surviving spouse alone. What happens if the higher-earning spouse dies before reaching FRA? Basically, the surviving spouse can receive reduced survivor benefits beginning at age 60 (or 50 if disabled) or 100% of the deceased spouse's calculated benefit if they wait until their own FRA. The survivor receives the higher of their own retirement benefit or the deceased spouse’s, with payments potentially reduced if taken early. There's not one single answer and it's recommended to consult with a Social Security expert if you fall into this particular situation. In a divorce situation, what happens when the higher earning spouse dies? When it comes to survivor benefits for a divorced spouse, the 2- and 10-year rules apply. Other than that, the rules are a little bit less restrictive than with spousal benefits. For one thing, you have the option of re-marrying without giving up your right to a survivor benefit on your ex, so long as that second marriage occurs after you reach age 60. So many divorcing spouses fail to think about Social Security when they're going through the divorce. And even fewer truly understand how spousal and survivor benefits work for a divorced spouse. The important thing to remember is that you may be entitled to benefits from Social Security that you hadn't even thought of. But you may also need help figuring it all out. The rules for Social Security are far more complicated than we can explain here. That's why the assistance of a qualified professional is always recommended. Your Security Mutual Life insurance agent can help assemble your team and coordinate with your attorney and tax professional to review your unique situation and to determine the insurance plan that best suits your needs and objectives. [1] Sergeant, Jacqueline. “Gray Divorce Surge Leaves Women In Need Of Advisors, Experts Say.” Financial Advisor. https://www.fa-mag.com/news/women-want-financial-education-as-they-end-marriage-82256.html?section=43&utm_source=FA+Magazine&utm_campaign=FAN_FA+News_042525&utm_medium=email (accessed May 15, 2025). [2] Hager, Thomas. “Ex-Spousal Benefits: What ‘Independently Entitled' Means.” Forbes.com. https://www.forbes.com/sites/tomhager/2024/11/20/ex-spousal-benefits-what-independently-entitled-means/ (accessed March 26, 2026). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailTony Rodriguez loves the Greensboro, N.C., comedy scene. He switched from music to stand-up seven years ago. After a rough start, he started to get the hang of his new hobby and is trying to make a career out of it. He helps run The Sidewalk Crew production company. He's a regular at the Idiot Box comedy club and is going to be part of the North Carolina Comedy Festival between Sept. 23 and Sept. 27. He recorded a special at Paddy's Comedy Club in Fayetteville, N.C., that's on YouTube now. Follow Tony Rodriguez: Instagram: https://www.instagram.com/thatcomictonyTwitter: https://x.com/thatcomictonyPaddy's Comedy Club special: https://www.youtube.com/watch?v=2yeJpvqjytUSupport the show

Estate planning can appear straightforward until factors like privacy, control and long-term management come into play.  What begins as a simple distribution of assets can quickly involve decisions around trusteeship, probate and how to prevent disputes. In this episode of Celebrity Estates, Senior Editor David Lenok speaks with Jennifer Proper, managing director of wealth strategies at Pitcairn, about a case where estate planning worked exactly as intended. Using the estate of actor Matthew Perry as a reference point, Jennifer explains how a revocable trust and pour-over will can function together to maintain privacy, avoid probate and streamline the handling of assets. David and Jennifer also examine the role of trustees, the importance of updating documents over time, and how specific provisions can discourage challenges or fraudulent claims. Their conversation underscores why planning early and reviewing regularly can make a meaningful difference in how an estate is ultimately administered. Key takeaways: How revocable trusts and pour-over wills work together to protect privacy and simplify asset distribution Why avoiding probate helps reduce costs, delays and public exposure of estate details The importance of choosing and reviewing trustees to handle long-term fiduciary responsibilities How specific clauses can discourage disputes and reduce the risk of fraudulent claims Why estate planning should begin early and evolve as life circumstances and goals change Resources: Listen to Celebrity Estates on Wealth Management Subscribe and listen to Celebrity Estates on Apple Podcasts Subscribe and listen to Celebrity Estates on Spotify Trust and Estates Magazine Register now for the Wealth Management Edge conference here! Connect With David Lenok: david.lenok@informa.com  Wealth Management LinkedIn: David Lenok LinkedIn: Informa LinkedIn: Wealth Management Connect With Jennifer Proper: LinkedIn: Jennifer Proper LinkedIn: Pitcairn Website: Pitcairn About Our Guest: As a leader in the Wealth Management Team, Jennifer serves as a strategic wealth advisor, providing innovative planning services to achieve excellent client outcomes and deliver a superior client experience. Her responsibilities encompass all aspects of wealth planning, including trust and estate administration, fiduciary advice, and wealth planning advice. She works directly with clients to proactively identify and address current and future needs and then collaborates with team members across the firm to implement customized planning strategies. Jennifer works with the entire Pitcairn team to enhance best practices and foster strong team dynamics in order to meet the complex needs of client families. Before joining Pitcairn, Jennifer served as Director, Legacy and Wealth Planning at Abbot Downing, a Wells Fargo division serving ultra-high-net-worth individuals and family offices. While at Abbot Downing, she provided sophisticated estate, business, and financial planning for the firm's clients and led the Northeast regional planning team. Jennifer earned a Juris Doctorate from Albany Law School of Union University, with a concentration in Estate Planning. She also has a Bachelor of Science in History and Political Science with a Minor in Spanish from Binghamton University in Binghamton, NY. Active by nature, Jennifer spends her free time hiking, cheering on the Philadelphia Sixers with her family, and doing F45 workouts to take her health and fitness to the next level. Jennifer is an animal lover and enjoys daily walks with her dog,  Miley. Originally from Syracuse, New York, suburban Philadelphia is now home for Jennifer, her husband, and two daughters.

Welcome to Art is Awesome, the show where we talk with an artist or art worker with a connection to the San Francisco Bay Area.  This week, Emily chats with Kara Maria, a painter and printmaker based in San Francisco Episode Highlights: Kara discusses her large-scale wood panel print on display at Chase Center in San Francisco, created at Magnolia Editions in Oakland with master printer Tallulah Terrell How a monarch butterfly painting became the starting point — and then had to be modified — for the Chase Center commission Her colorful aesthetic, rooted in 1970s cartoons, Spirograph, comic books, and Japanese woodblock prints (particularly Hokusai) The influence of her husband, Mexican artist Enrique Chaya, and their travels to Mexico on her color palette Childhood memory of a school librarian who gave her a shelf in the library for her handmade illustrated books Her journey from music school to painting — and why she knew she could never stop making art Her love of Bay Area edges: the Marina, Ocean Beach, and the view from Mount Davidson Why her studio, SF MoMA, the de Young, and the Legion of Honor all hold special meaning About Artist Kara Maria: Kara Maria is a visual artist working in painting, drawing, printmaking, and public art. Her recent work addresses climate change, biodiversity loss, and their significant impact on humanity. She meticulously paints miniature portraits of threatened, endangered, and extinct animals amid fields of flying shapes, twisting lines, and swirling colors. These works celebrate the joy and exuberance of life, emphasizing the incredible variety of existence on our planet. Maria received her BA and MFA from the University of California, Berkeley. She has exhibited work in solo and group shows across the United States at venues such as the de Saisset Museum at Santa Clara University, CA; the Sonoma Valley Museum of Art, Sonoma, CA; the Nevada Museum of Art, Reno, NV; the Contemporary Arts Museum, Houston, TX; and the Katonah Museum of Art in New York. Maria has been selected for awards and honors, including the Masterminds Grant from SF Weekly; a grant from Artadia; and an Eisner Prize in Art from UC Berkeley. Her work has received critical attention in the San Francisco Chronicle, the Los Angeles Times, and Art in America. She has been awarded artist residencies at the Montalvo Arts Center, the Recology Artist in Residence Program, Djerassi Resident Artists Program, and the de Young Museum Artist Studio. Maria's work is part of the permanent collections of the Berkeley Art Museum and Pacific Film Archive; the Cantor Arts Center at Stanford University; the Crocker Art Museum, Sacramento; the Fine Arts Museums of San Francisco; the Frederick R. Weisman Art Foundation, Los Angeles; the Museum of Fine Arts, Houston; and the San Jose Museum of Art, among others. Born in Binghamton, NY (1968), Kara Maria now lives and works in San Francisco, CA. Links & Resources: Visit Kara's Website: KaraMaria.com Follow Kara on Instagram:  @Kara Maria Art Kara Maria's work is on display at Chase Center as part of the Homegrown Series (alongside work by Masako Miki, featured in Episode 60) CLICK HERE FOR MORE INFO -- Coming Up Next: Episode 70 on May 19th — Emery Douglas, graphic artist and former Minister of Culture for the Black Panther Party. His show Emery Douglas: In Our Lifetime is at the African American Art and Culture Complex in San Francisco through October. -- About Podcast Host Emily Wilson: Emily a writer in San Francisco, with work in outlets including Hyperallergic, Artforum, 48 Hills, the Daily Beast, California Magazine, Latino USA, and Women's Media Center. She often writes about the arts. For years, she taught adults getting their high school diplomas at City College of San Francisco. Follow Emily on Instagram: @PureEWil Follow Art Is Awesome on Instagram: @ArtIsAwesome_Podcast -- CREDITS: Art Is Awesome is Hosted, Created & Executive Produced by Emily Wilson.  Theme Music "Loopster" Courtesy of Kevin MacLeod (incompetech.com)Licensed under Creative Commons: By Attribution 4.0 License The Podcast is Co-Produced, Developed & Edited by Charlene Goto of @GoToProductions.  For more info, visit Go-ToProductions.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

How Much Does Life Insurance Really Cost? Episode 381 – A recent survey by LIMRA presented a jarring statistic: young adults believe that the cost of a life insurance policy is 10 to 12 times higher than it really is. The truth is that, for young people, the security and peace of mind a life insurance policy may provide may be a lot more affordable than you think. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 381 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: how much does life insurance really cost? According to a survey by LIMRA, a life insurance trade organization, and Life Happens, an industry nonprofit, younger Americans tend to overestimate the cost of life insurance to a startling extent. Surveyors asked people aged 18 to 30 how much they thought a 20-year term life insurance policy would cost. The estimates were off-base. They averaged between 10 and 12 times the actual cost.[1] This is a common misconception. A surprising number of people, particularly younger Americans, believe that life insurance is more expensive than it actually is. The perceived cost was cited as a reason why many Gen Z and Millennial adults, who generally recognize the need for life insurance, do not have it.[2] Why do people get the numbers so wrong? According to author Dan Kraft at Life Insurance News, the answer might be found by studying behavioral economics and the concept of “anchoring.” “When consumers think of life insurance, they anchor the idea to big, long-term expenses—mortgages, car payments or medical bills. The assumption becomes: If it's long-term, it must be expensive.”[3] According to NerdWallet, if you're a 30-year-old in good health, the average cost for a $500,000 20-year term life insurance policy is $215 per year for males, and $194 per year for females.[4] In other words, less than $20 per month. Keep in mind that these are average rates for non-smokers. If you smoke, the rates are likely going to be considerably higher. Compare that to the cost of a cup of coffee, which averages $3 to $4 at Starbucks, depending on the location, size and type.[5] So if you're getting coffee more than 6 or 7 times a month, a life insurance policy could be cheaper. Streaming services are another example of something that can be more expensive than life insurance. The average cost is $70 per month, per household.[6] What this means is that even though many don't realize it, a small adjustment in your discretionary spending could help provide you with peace of mind and a more secure future for you and your family. But of course, we're talking here about a term life insurance policy, and term policies expire. How much does a permanent life insurance policy cost? When it comes to whole life insurance, the average annual cost is $3,662 for men age 30, and $3,292 for women.[7] That's considerably more, but not as much as some might expect. And in the long run, buying life insurance younger may, in fact, be less expensive. By the time your first term life insurance policy expires, the next one is going to cost more, simply because you're older. And that assumes you can even qualify medically for a new policy. Any adverse health development over that initial 20-year period could make it much more expensive—or even impossible—to buy a new policy. Also, whole life insurance policies can accrue a cash value, which a term life insurance policy doesn't. In certain circumstances, you may be able to access the cash value in the policy if you need to, by taking withdrawals or policy loans. The net cost, or difference between premiums paid and cash value, could be considered as the true out of pocket cost of the policy. In some cases that is less than a term policy, and for permanent coverage. But remember that with all types of life insurance—whether term or permanent—the rates go up as you get older. Your second term life insurance policy is very likely to cost a lot more than the first one, even if your health stays the same. But whole life insurance gives you the chance to lock in those lower rates for life. It may cost more now, but with most policies the premium stays the same for life. If you choose a whole life insurance policy, someday you may be glad you did. These are broad guidelines and policy contracts can have different characteristics, even if they're the same basic type of policy. So be sure to compare your options carefully. Your Security Mutual Life insurance agent can help. Your Security Mutual Life insurance agent can augment or assemble your team and coordinate with your attorney and tax professional to review your situation and to determine the insurance plan that will best suit your needs and objectives. Regardless of which type of policy you choose, perhaps the most important decision you can make is to simply get started. As with so many other things, the longer you wait, the more it could end up costing you. [1]LIMRA. “Adults Age 30 and Younger Overestimate Life Insurance Cost by 10–12 Times.” LIMRA.com.  https://www.limra.com/en/newsroom/news-releases/2025/adults-age-30-and-younger-overestimate-life-insurance-cost-by-1012-times/ (accessed March 18, 2026). [2] Id. [3] Kraft, Dan. “Is life insurance cheaper than coffee?” Insurancenewsnet.com. https://insurancenewsnet.com/innarticle/is-life-insurance-cheaper-than-coffee (accessed March 20, 2026).  [4] Iervasi, Katia. “Average Life Insurance Rates for March 2026.” Nerdwallet.com. https://www.nerdwallet.com/insurance/life/learn/average-life-insurance-rates (accessed March 19, 2026). [5] HackTheMenu. “Starbucks Menu Prices (2026).” Hackthemenu.com. https://hackthemenu.com/starbucks/menu-prices/ (accessed March 20, 2026). [6] Lee, Wendy. “Consumers are spending $22 more a month on average for streaming services. Why do prices keep rising?” The Los Angeles Times. https://www.latimes.com/entertainment-arts/business/story/2025-11-21/why-do-streaming-prices-keep-rising-disney-netflix-paramount-what-to-know (accessed March 20, 2026). [7] Iervasi, Katia. “Average Life Insurance Rates for March 2026.” Nerdwallet.com. https://www.nerdwallet.com/insurance/life/learn/average-life-insurance-rates (accessed March 19, 2026). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailMichael Harrison started doing stand-up in Saskatchewan when he was 17 years old. Unless you count the time he roasted his uncle when he was 9. He moved to Toronto, then found his footing in Edmonton before going back to Toronto, where he got Just For Laughs. In 2016, he moved to New York City and he doesn't plan on leaving. His special, Overcritical, is on Amazon Prime and he just recorded a set for Comics Unleashed. Follow Michael Harrison: Instagram: https://www.instagram.com/michaelharrisoncomedian/TikTok: https://www.tiktok.com/@michaelharrisoncomedianYouTube: https://www.youtube.com/@MichaelHarrison/shortsWebsite: https://www.michaelharrisoncomedian.com/Support the show

The IRS Dirty Dozen 2026 Episode 380 – The IRS has published its annual “Dirty Dozen” list for 2026. As always, scammers keep coming up with new tricks to snare unsuspecting taxpayers. It's best to know what you're up against! More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 380 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: the IRS has published its annual “Dirty Dozen” list for 2026. It's safe to say that the IRS is not exactly America's most popular government agency. But every once in a while, they do something we can all get behind. If you ever want to know the latest on what some criminals are doing to steal your money, the IRS can help. Their annual Dirty Dozen listing of tax scams provides us with a guide to some of the things we need to look out for. In publishing this list every year, the IRS is trying to encourage people to remain vigilant. As IRS Chief Executive Officer Frank Bisignano points out, “For more than two decades, the IRS has used the Dirty Dozen list to flag emerging scams that taxpayers should watch out for.”[1] Here is their newly published 2026 list, in order.[2] IRS impersonators. Criminals will use emails (phishing) and text messages (smishing) to trick someone into believing that the IRS is looking for them. They use intimidating language to convince someone to click where they shouldn't be clicking. They also like using QR codes to take you to a fake—but authentic-looking—IRS website. The IRS says they reported over 600 social media impersonators last year. Of course, it's best never to click on any unsolicited correspondence claiming to be from the IRS. The rise of AI spoofing. Scammers have discovered a new tool in recent years: using AI to impersonate IRS personnel. Some bogus phone calls now use AI for “voice mimicry” and “spoofed caller ID” to make them seem real. The IRS reminds us that they generally contact taxpayers by mail first, and they don't leave urgent, threatening or demanding messages. Fake charities. Crooks are ready to step in whenever there's a natural disaster or some other form of tragedy, and a phony charity is one of their most popular tools. They get unknowing taxpayers to give their money away in the hope of getting a tax deduction. When discovered, this can result in tax charges, interest and penalties once the scam is recognized. Social media “tax hacks.” Let the buyer beware when it comes to tax advice on social media. The IRS says that social media is “a major driver of tax scams.” Sometimes so-called “tax hacks” can go viral, leading people to claim credits they're not entitled to. The IRS reminds us that if you file a fraudulent tax return, you could potentially face significant civil and criminal penalties. It's best to follow trusted tax professionals and other reputable sources. Identity theft using online IRS accounts. Scammers sometimes use stolen data to get access to someone's IRS account. The IRS encourages people to set up their own accounts through IRS.gov, and to stay away from third parties who offer unsolicited help. Abusive claims involving long-term capital gains. Regulated investment companies and real estate investment trusts often use IRS Form 2439. The form is used when the fund has undistributed long-term capital gains. Long-term capital gains are taxed at a lower rate than ordinary income. The IRS has noticed an uptick in fraudulent claims where the filing organization is not an investment fund or real estate investment trust, and thus not eligible for this special provision. “Self-Employment Tax Credits.” Crooks are using misleading claims about “self-employment tax credits” to generate illegal refunds. The credits were available in 2020 and 2021 as part of legislation passed in the wake of the pandemic. They were actively promoted on social media, and there have been a significant number of fraudulent claims for such credits. “Ghost” tax preparers. The IRS defines a “ghost” preparer as someone who prepares a tax return but then refuses to sign it, or refuses to provide what's called a “Preparer Tax Identification Number” or PTIN. Remember that, regardless of who prepares the return, you are legally responsible for what you file. Being without a signature from the preparer or PTIN is considered a red flag. Non-cash charitable donations. Charitable donations for “conservation easements” and artwork have long been subject to scrutiny. An example of a conservation easement is a farm owner signing an agreement to permanently maintain the property as farmland, thus disallowing any future development on the property. This causes a decrease in the property's value, and the owner gets a tax deduction for doing it. Such donations are often legitimate, but they can be abused. Overstated tax withholding. This is a new entry on the list. Sometimes a scammer will suggest overstating the amount of tax withheld in order to receive a bigger refund. This is often referred to as “other withholding.” Of course, if you overstate your withholding, you can be subject to penalties and enforcement action. Spear phishing and malware. According to the IRS, criminals will go after businesses and tax pros with phony “new client” or “document request” emails. They warn people to be suspicious of unexpected requests for confidential information or urgent payment demands. The scammers use these tricks to steal personal data and/or deliver malware. “Offers in Compromise.” This one is an oldie but a goodie. An Offer in Compromise (OIC) is, essentially, a reduced settlement of a debt owed to the IRS. The problem is that so-called “OIC Mills” sometimes charge high fees, use high-pressure tactics, and make promises they can't keep. The IRS goes on to talk about some ways people can protect themselves from these scams. Some are obvious: don't click on a link you weren't expecting, and don't open an unexpected attachment. Also, if you get a phone call you weren't expecting from someone claiming to be with the IRS, simply hang up. The IRS also encourages people to report any suspicious activities. If you think your identity may have been stolen, they suggest you visit IRS.gov/idtheft. You can also take a look at IRS.gov/SubmitATip. This new online tool consolidates all the IRS fraud-reporting options into a single location. [1] Internal Revenue Service. “Dirty Dozen tax scams for 2026: IRS reminds taxpayers to watch out for dangerous threats.” IRS.gov. https://www.irs.gov/newsroom/dirty-dozen-tax-scams-for-2026-irs-reminds-taxpayers-to-watch-out-for-dangerous-threats (accessed April 1, 2026). [2] Id. More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailJulianna Wiggins is a comedian in Ypsilanti, Mich., where she's splitting time between the stage, the classroom and the rugby field. She's at the University of Michigan, working on her doctorate. Her dissertation on the Latina comedy scene in Chicago is due soon. She plays bass in a punk band and plays and coaches rugby. She runs a Femme Feedback mic in Ann Arbor and is going to be at the Detroit Women of Comedy Festival on May 15 and 16. Follow Julianna Wiggins: Instagram: https://www.instagram.com/_mucusgracias/Femme Feedback: https://www.instagram.com/femme_feedback/Support the show

Two hotels on one piece of land, two separate buildings, two separate lobbies—and the demand mix flips in a way you wouldn't expect. During AAHOACON 2026, No Vacancy is the official podcast, and I caught up with Hanan Anand, a Red Roof owner, on the show floor to talk about his dual-property setup in Cortland, New York, and what actually drives the business.