Podcasts about binghamton

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.

So, What Exactly Is a Trump Account? Episode 379 – Trump Accounts were just signed into law last July, and they are undeniably popular. Are they worth looking into? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 379 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: So what exactly is a Trump Account? These new investment accounts have generated a great deal of media attention in the past few months. How do they work, and is it worth setting one up? A Trump Account is a new form of tax-advantaged savings for children that was introduced as part of the One Big Beautiful Bill Act passed in July 2025. The basic idea is to give children a head start with their savings at a very young age. To be eligible, a child must be under age 18 on December 31 of the year the account is created. Up to $5,000 in annual contributions are allowed, indexed for inflation. With Trump Accounts, of the $5,000 annual contribution limit, up to $2,500 per year can come from each parent's employer and will not count toward parents' taxable income, providing incentive for contributions to Trump Accounts. Please consult with your employer regarding this opportunity. Children born between 2025 and 2028 also receive a special incentive, a $1,000 additional contribution from the federal government, referred to as “seed money.” The child must be a U.S. citizen with a Social Security number to qualify for this additional contribution.[1] There is no monetary requirement to receive the $1,000 government contribution, providing further incentive to create one. And, this $1,000 government contribution does not count toward the $5,000 annual limit, raising the maximum available deposit in year one to $6,000. Investments in the account are generally made after-tax. In other words, you don't receive a tax deduction for contributing to a Trump Account. While the child is growing up, a Trump Account has similarities to a custodial or Uniform Gifts to Minors Act (UGMA) account. The account is owned by the child but managed by an adult custodian, presumably the parent or grandparent who set it up. The custodian is responsible for any investment decisions. Withdrawals are generally prohibited before the child reaches age 18. Once the child reaches age 18, the account is treated in many ways like a traditional IRA account, including the 10 percent penalty tax for withdrawals before age 59½. Starting at age 18, the child—now legally an adult—can withdraw as much of the account as he or she wants. Earnings are tax-deferred while still in the account, but generally taxable when withdrawn.[2] This does not apply to the original contributions however, which were made with after-tax dollars. There are restrictions on where the money can be invested. Before the account transitions to a traditional IRA at age 18, it can only be invested in low-cost stock mutual funds or Exchange Traded Funds (ETFs) that track an index of primarily American equities, such as the S&P 500.[3] Note that you can enroll your child for a Trump Account now, but the accounts themselves won't actually be made active until July 2026. You can sign up through the government portal, at Trumpaccounts.gov. It's still very early, but some experts have already pointed out a potential “hack” which could make Trump Accounts especially valuable.[4] It starts by assuming that the parent contributes the full $5,000 for 18 years. By the time the child retires in the distant future, with compound growth over many years, the value of the account could be quite significant. The money is available for withdrawal when the child reaches age 18. But what if, as a young adult, the individual converts the account to a Roth IRA? The accumulated gains in the account would be taxable at the time of conversion, but once inside the Roth, withdrawals are generally tax-free once you reach age 59½. A recent Wall Street Journal article goes through an example assuming an account receives the $1,000 government seed money, plus $5,000 per year until age 18. The example assumes the money remains in the account. At age 24, assuming a 7 percent annual return, the account would be worth just over $278,000. At that point he or she converts to a Roth IRA and pays the tax through an outside source. If the money stays in the account and continues to grow, it will be worth just over $3 million by the time he or she reaches age 59½, again assuming the 7 percent return. Once he or she is past age 59½, any withdrawals are then completely tax-free.[5] Age 24 was chosen for the example because at that age, the account holder is now past any “kiddie tax” considerations, but presumably also well before his/her peak earnings (and highest tax bracket) years. The sooner the money gets into the Roth, the better.[6] And as with a traditional IRA, it is possible to spread the conversion over several years if preferred. The “kiddie tax” is an IRS rule that taxes a child’s unearned income (investments, interest, and dividends) at their parents’ higher marginal tax rates rather than the child’s lower rate. Please consult your tax advisor if you think this situation may apply to you. Even though they're just getting started, Trump Accounts have already become popular. By mid-March 2026, four million children had already been signed up for the accounts which, as mentioned, will activate in July of 2026. These kids are all off to a great start. On the surface, it appears the $1,000 of government seed money is something we don't always see: a government program that works as it was intended to! [1] Dickson, Joel. “What to know about the new Trump accounts for kids.” Vanguard.com. https://corporate.vanguard.com/content/corporatesite/us/en/corp/articles/what-to-know-about-new-trump-accounts-for-kids.html (accessed March 25, 2026). [2] Id. [3] Internal Revenue Service. “Treasury, IRS issue guidance on Trump Accounts established under the Working Families Tax Cuts; notice announces upcoming regulations.” IRS.gov. https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-trump-accounts-established-under-the-working-families-tax-cuts-notice-announces-upcoming-regulations# (accessed March 25, 2026). [4] Ebeling, Ashlea. “The Hack That Turns Trump Accounts Into Multimillion-Dollar Tax-Free Nest Eggs.” The Wall Street Journal. https://www.wsj.com/personal-finance/the-hack-that-turns-trump-accounts-into-multimillion-dollar-tax-free-nest-eggs-53d303c3 (accessed March 25, 2026). [5] Id. [6] 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 PodcastsSpotifyAndroidPandoraBlubrryby EmailTuneInDeezerRSSMore Subscribe Options

This episode's guest is a film-maker who moved to Binghamton as a teenager and someone who I personally quickly became life-long friends with. From BMX Videos filmed on low-end handycams to advertising to full-on documentary productions, Jon Walley has found his voice through film and sound. He was in town for the final filming day for his new documentary Contact back in August and we got to connect and record this episode. He has a recent feature in Dig BMX (link below) and the documentary should be premiering relatively soon.Dig Feature:https://digbmx.com/features/contact-a-very-unique-bmx-documentaryOther Links referenced throughout the episode:ACE BMX Video:https://vimeo.com/57270735Dr. Boy Edit:https://vimeo.com/7845744Jason Levy Interview:https://vimeo.com/13857389BMXSUPERFUNTIME:https://vimeo.com/10183836BBQ Bike/Outrageous Upgrades Contest Entry:https://vimeo.com/20318884Feel free to drop a comment with feedback and any other suggestions for us.Thanks for listening and hit us on the socials at @grindworks_bmx on ⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠Twitter⁠⁠⁠⁠⁠⁠⁠⁠⁠, and ⁠⁠⁠⁠⁠⁠⁠⁠⁠Snapchat⁠⁠⁠⁠⁠⁠⁠⁠⁠; and @grindworksbmx on ⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠Tik Tok⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠, and here on Spotify. Don't forget to like and subscribe to the Channel!⁠⁠⁠⁠http://www.grindworksbmx.com

Reb Simcha Gottleib lives today in North Miami Beach where he practices Chinese medicine and works on different literary projects.Back in the 1960s he lived on a probiotic farm in Binghamton, NY where he and his friends sought refuge from the excesses of both the cultural standard bearers and the hippies that sought to tear them down.It was there that he met Reb Meir Abuhesera which would lead him and many of his friends to end up, of all places, in the Lubavitch community of Crown Heights.In this episode Simcha shares his fascinating journey and we discuss the gift of openness the chassidic newcomer has and the challenge of retaining it as time goes on.____Support this podcast at: https://www.hflpodcast.com/donateIf you would like to sponsor an episode or advertise on the podcast please reach out to bentzi@yuvlamedia.com____This week's episode is brought to you by "This World Is A Garden," a new film and live concert production by Yuvla Media based on the Rebbe's first talk, Bosi Lgani.Combining beautiful cinematography with a live performance by a string quartet, this production is a meditation on hope and holding on to a vision even as time passes by.Now you can bring this groundbreaking experience of Bosi Lgani to your community.For more info please visit: ⁠https://www.yuvlamedia.com/thisworldisagarden____Homesick for Lubavitch is a project of Yuvla Media.Bentzi Avtzon is a filmmaker who specializes in telling the stories of thoughtful and heartfelt organizations.Business inquiries only: hello@yuvlamedia.comConnect with BentziWebsite | ⁠https://www.yuvlamedia.com

Estate Planning When You Live in a Foreign Country Episode 378 – There are many American citizens who will spend an extended period outside the United States. What happens to your estate if you die while residing in a foreign country? It's complicated. Planning is essential. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 378 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: estate planning when you live in a foreign country. When it comes to federal estate taxes, most Americans have nothing to worry about. The federal exemption for 2026 is $15 million per person, a number far higher than most people will ever accumulate. However, there are twelve states that have a state estate or inheritance tax, and one, Maryland, that has both.  For state estate tax purposes, the exemption can be significantly lower, such as Massachusetts, where the exemption is $2,000,000.[1] Keep in mind that by default, the U.S. imposes estate and gift taxes on its citizens, no matter where they live. In other words, you can't get around your U.S. taxes just because you moved to a foreign country.[2] But everything could change if you die outside the U.S. Your estate could end up getting taxed in the U.S., as well as another country where the laws, rules, regulations, exemptions and rates vary significantly. The U.S. may have treaties with other countries to avoid double taxation but that may not be true with every country. Also, other common estate planning documents such as living wills, powers of attorney, trusts and so forth, may or may not be valid in another country. So, what do you need to look out for if you're going to spend an extended period of time in a foreign country? We're not talking about simply a vacation. It should surprise no one to learn it's… complicated. A recent article published by Charles Schwab and Co. gives us an in-depth look of some of the things you need to know. There are a few big issues that someone may have to deal with if they become seriously ill—or die—outside the U.S. For one thing, your American estate documents are generally not valid in another country.[3] If you become incapacitated, things like health care proxies and powers of attorney may be useless. You may need to sign legal documents that are in compliance with the laws of that country, while making sure that these new documents don't conflict with the ones you have in the U.S.[4] Domiciliary rules apply in many foreign countries in a similar fashion to the way they do in the U.S. for estate or inheritance tax purposes. Domicile is generally defined as where your permanent home is with a subjective intent to remain indefinitely. Residency is where you are currently residing and can be measured by the number of days spent in that place. In the U.S., this has a bearing on state income taxation, but other countries may apply it for estate tax purposes too. [5] This can be important because if you spend the majority of the year in a particular jurisdiction, in many cases, all of your worldwide assets could be taxable in that jurisdiction.[6] There may also be legal hurdles in other countries that prevent you from doing what you want. For example, in most European countries, there are “forced heirship” laws that may require you to leave 50 percent or more of your assets to your children, whether you want to or not.[7] In the U.S., you can disinherit your children. This provision can become a major hurdle with jointly owned property. Let's say you have a valuable home in another country, and you share ownership jointly with your spouse. In the U.S., after your death, your half of the home would automatically pass to your spouse, making your spouse a 100 percent owner. That may not be true in another country because of forced heirship rules. A portion of the property may end up passing to your children, whether you want that or not. You may have another option if you're residing in one of the countries in the European Union. Most of those countries, except for Denmark and Ireland, have what's called the “European Succession Regulation.”[8] This allows U.S. citizens the option to let U.S. law stipulate their estate distribution. It can be a way around the forced heirship rules, but it takes planning. The choice must be made clearly in the estate planning documents. There's an additional wrinkle to consider. When someone dies in the U.S., if there are any state or federal estate taxes due, those taxes are paid by the estate itself. In most foreign countries, estate taxes are paid by the heirs.[9] In some cases, for example, if one of your children is inheriting a piece of real estate, it could result in a forced liquidation of the property, simply because they don't have the cash to pay the taxes. Finally, note that many countries friendly to the U.S. have estate and gift tax treaties with the U.S. These laws clarify which country gets the right to tax your assets, thus preventing your assets from being taxed in both countries. If you do end up under U.S. jurisdiction, keep in mind that all your assets, even those held in foreign countries, are considered taxable in the U.S., regardless of where they are held. Do any of these rules apply to you? If you're going to be living in any foreign jurisdiction for an extended period of time, it's a good idea to check with a qualified legal professional who is familiar with the laws in both countries. There may be additional documents required. [1] The American College of Trust and Estate Counsel. “State Death Tax Chart.” Actec.org. https://www.actec.org/resources-for-wealth-planning-professionals/state-death-tax-chart/ (accessed March 12, 2026). [2] Trust & Will. “What Happens if an American Citizen Dies in Another Country.” Trustandwill.com. https://trustandwill.com/learn/dying-abroad (accessed March 12, 2026). [3] Jarvis, Austin. “How Living Abroad Can Complicate Your Estate Plan.” Schwab.com. https://www.schwab.com/learn/story/how-living-abroad-can-complicate-your-estate-plan (accessed March 11, 2026). [4] Id. [5] Id. [6] Id. [7] Id. [8] Id. [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 PodcastsSpotifyAndroidPandoraBlubrryby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailNicky D is a very funny comedian in Cleveland. Despite the crippling anxiety, he's been doing stand-up for 13 years and is working himself all across the northern part of the country. He began his career in Chicago and considers himself, in hindsight, the worst comedian there for a few years. But with the help of some friends and a regular show, he began to pull himself out of it and get in position to chase a dream. He's got a wife and a daughter, too, so things are going quite well for him.Follow Nicky D: Instagram: https://www.instagram.com/nickydcomedy/Support the show

It's YOUR time to #EdUp with Donald E. Hall, Provost & Executive Vice President for Academic Affairs, Binghamton UniversityIn this episode, sponsored by the 2026 ⁠AcOps Conference⁠ July 29-31 by Coursedog, & the ​HigherEd PodCon​ II happening July 16 & 17,YOUR cohost is Bridget Moran, Senior Content Marketing Manager, CoursedogYOUR host is Dr. Jodi Blinco⁠,How does a SUNY center receive $55 million to create the NY Center for AI Responsibility & Research serving the entire state?Why does Binghamton partner across SUNY, NYU, Columbia & Cornell to ensure AI is socially beneficial while involving philosophy, business & arts faculty?What makes liberal arts critical for innovation when Steve Jobs credited a calligraphy class for the computer revolution & vocational training fails elsewhere?Listen in to #EdUpThank YOU so much for tuning in. Join us on the next episode for YOUR time to EdUp!Connect with YOUR EdUp Team - ⁠⁠⁠⁠⁠ ⁠⁠⁠⁠Elvin Freytes⁠⁠⁠⁠⁠⁠⁠⁠⁠ & ⁠⁠⁠⁠⁠⁠⁠⁠⁠ Dr. Joe Sallustio⁠⁠⁠⁠● Join YOUR EdUp community at The EdUp ExperienceWe make education YOUR business!P.S. Want to get early, ad-free access & exclusive leadership content to help support the show? Become an #EdUp Premium Member today!

Business Planning Needed Now More Than Ever Episode 377 – Due to the One Big Beautiful Bill Act, the U.S. Supreme Court and current employment conditions, there's never been a more important time for business owners to review their business succession and employee benefits plans. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 377 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: business planning needed now more than ever. There's never been a more important time for business owners to review their business succession and employee benefits plans. That's due to the confluence of several recent events including the One Big Beautiful Bill Act (OBBBA) signed by President Trump on July 4, 2025, and the U.S. Supreme Court decision on June 6, 2024, in the case Connelly v. United States.[i] The other factor is the general job market today and economic realities. OBBBA “permanently” increased the federal estate tax exemption amount to $15 million indexed for inflation. Even in 2019, when the exemption amount was “only” $11.4 million, only 0.07% of decedents paid an estate tax.[ii] So, many small business owners may no longer need estate tax planning services unless they live in one of the twelve states and the District of Columbia that still has a state estate and/or inheritance tax with exemption amounts significantly lower than the federal amount. Note that general estate planning is still recommended for all! According to the U.S. Small Business Administration, there are over 36.2 million small businesses in the U.S.[iii] “Small businesses fuel economic growth, job creation, and supply chain resiliency across the country.”[iv] Obviously, keeping small businesses primed for success today and for tomorrow through proper planning in the areas of business succession, executive benefits, retirement, employee benefits, estate and family protection, and more, is vitally important. The Connelly case makes business succession planning even more urgent for business owners. The Supreme Court reversed generally accepted principles long held by the insurance and legal communities and addressed the narrow question of whether a corporation's fair market value is impacted by life insurance proceeds received by the corporation and committed to funding the redemption of a decedent owner's shares for estate tax purposes. The Supreme Court unanimously held that the corporation's redemption obligation is not a liability that reduces the estate tax value of the decedent's shares. The Supreme Court also specifically referenced cross purchase buy-sell arrangements that could have avoided this result. Although not mentioned in the Connelly case, the other implication is that business-owned life insurance on the life of the business owner, solely for key person insurance purposes or other non-succession planning reasons, may also impact the business valuation and accordingly, that business owner's estate plan. Every business owner should work with their life insurance agents and tax and legal advisors to determine if their existing business continuation and estate plan is affected by this decision. Buy-sell agreements may need to be revised and amended, particularly if the agreements call for the business to buy back the ownership interest of a deceased owner and the business purchases life insurance on the owner to do that. If business owners don't have a plan, they should design and implement a plan immediately! Of course, if there is an estate tax issue as a result of business-owned life insurance, then the business succession plan should be coordinated with the business owner's estate plan. Executive benefits planning, such as split-dollar, executive and retention bonus, and nonqualified deferred compensation plans, all funded with cash value life insurance, are also topics that business owners should consider. Several surveys reinforce the urgency created by the current labor market for businesses to retain their best and brightest employees.[v] Even the creative use of qualified retirement plans, such as profit-sharing plans, fully insured defined benefit plans and cash balance plans should be considered because more benefits can be steered toward the owners and highly compensated, and presumably the most valuable, employees. All of these plans can also hold life insurance as an asset for family financial protection. Business owners need to contact their financial services professionals, tax and legal advisors immediately. There's much planning to be done for personal and business success! Important Notice: The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of insurance products. [i] Connelly v. United States, 144 S.Ct. 1406 (2024). [ii] U.S. Congress. “The Estate and Gift Tax: An Overview.” Congress.gov. https://www.congress.gov/crs-product/R48183 (accessed 1/30/2026). [iii] U.S. Small Business Administration Office of Advocacy. “New Advocacy Report Shows the Number of Small Businesses in the U.S. Exceeds 36 million.” Advocacy.sba.gov. https://advocacy.sba.gov/2025/06/30/new-advocacy-report-shows-the-number-of-small-businesses-in-the-u-s-exceeds-36-million/ (accessed 1/30/2026). [iv] Id. [v] Craver, Henry. “Employee retention ranks as top HR priority.” Benefitspro.com. https://www.benefitspro.com/2025/10/31/employee-retention-ranks-as-top-hr-priority (accessed 1/30/2026);Finnegan, Richard. “Gallagher Report: Why Turnover is Still #1 Concern in 2025.” C-suiteanalytics.com. https://c-suiteanalytics.com/gallagher-turnover-is-1-concern-2025/ (accessed 1/30/2026);Yahoo Finance. “New Report Shows Employee Retention Outranks Almost Everything Else as U.S. Employers Tackle Burnout.” Finance.yahoo.com. https://finance.yahoo.com/news/report-shows-employee-retention-outranks-130000507.html (accessed 1/30/2026).     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 PodcastsSpotifyAndroidPandoraBlubrryby EmailTuneInDeezerRSSMore Subscribe Options

For newer snowplow operators, this winter season wasn't just busy - it was an opportunity and a masterclass in maneuvering plows in whiteouts and adapting to rapidly changing conditions. Josh and Anya traveled to Binghamton to sit down with one of DOT's newer snowplow operators, and one of their experienced instructors. Equipment Operator Instructor Ryan Ashman and Highway Maintenance Worker Cody Randel joined the show to talk about what this winter taught them.

Send us Fan MailAdam Pasi moved around the world with his military family until finally settling down in Portland, Ore., when he was 20 years old. Always the funny and attention-seeking friend, he started doing stand-up in 2012 when he was 32. He's one of the best in the scene now. He was on two episodes of Portlandia, has a Don't Tell Comedy set and is opening for Kyle Kinane. Things are going well.Follow Adam Pasi: Instagram: https://www.instagram.com/admpasi/TikTok: https://www.tiktok.com/@adam.pasiBouncing with Samoans: https://www.youtube.com/watch?si=57x19kVKuY4VjFTq&v=3-t7CyHA56M&feature=youtu.beRoots of Comedy: https://www.pbs.org/video/adam-pasi-d5g76g/Support the show

In this episode, Ryan LeBlanc shares what it takes to lead and build a program at Binghamton. He breaks down the transition from his previous coaching stops and what stood out when stepping into a new environment. He explains how the university's academic strength shapes recruiting and why bringing in the right student-athletes impacts culture, development, and long-term success.LeBlanc also speaks on the day-to-day realities of running a program. He highlights the balance between competition, academics, and personal growth. He gives insight into how he evaluates talent, builds relationships, and sets expectations for his team. This conversation gives a clear look at how a head coach builds a strong foundation and develops athletes on and off the mat.

What's the Latest on the Long-Term Care Front? Episode 376 – With seemingly everything related to health care, the cost of long-term care keeps going up, which may eat into your savings if needed. What are your options to hedge that risk? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 376 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: what's the latest on the long-term care front? Long-Term Care, or LTC as we will often refer to it in this podcast, is a set of services designed to help people who are no longer able to perform everyday personal tasks on their own. These services are designed to help people out with what are called the “Activities of Daily Living,” such as bathing, dressing, eating, etc. People very often need LTC help later in life due to chronic illness, disability or cognitive issues such as Alzheimer's. The estimate is that 60 percent of Americans will eventually need help with things like “getting dressed, driving to appointments, or making meals,” according to the U.S. Department of Health & Human Services.[1] Medicare coverage only goes so far when it comes to LTC. Through Medicare parts A & B, skilled nursing care generally runs out after 100 days.[2] Without supplemental coverage, you're on your own after that. As you might expect, the cost of care varies greatly depending on what type of need you have and where you live. Overall, the cost of LTC has been going up for decades and shows no sign of stopping. In 2025, the average annual cost of assisted living was approximately $73,000,[3] while the average annual cost for a private room in a nursing home was approximately $137,000.[4] How long is “long term?” The average nursing home stay is 485 days, or about 16 months.[5] But 28.5 percent of those who need care—whether in a nursing home or not—will need it for more than five years.[6] Finding a way to protect yourself against the rising cost of LTC is quite a challenge, and there are several different types of LTC insurance. Some people associate LTC insurance with nursing home care, but it also encompasses home health care. It stands to reason that most seniors, if given the choice, would prefer staying at home to moving into a form of nursing facility. So, in general, LTC insurance often covers things like homemaker services, skilled nursing care, and personal care services performed in the home. Because it's so expensive, many individuals will choose to insure against LTC expenses. But where do you begin? It can be a confusing journey. Here are some of the options people have: A “standalone” LTC policy. An LTC policy could be likened to car insurance or most term life insurance policies. That is, you pay premiums to protect yourself from adverse developments, and the premiums may increase over time. If you never have a claim, that money is essentially gone. With a permanent life insurance policy, you pay for a product that may result in cash value access for expenses during your lifetime, and return a benefit to heirs when you eventually pass.   The number of major companies offering standalone LTC policies has dwindled to just a handful in the last few years.[7] One reason for this is the significant amount of inflation that has occurred when it comes to health care expenses. A standalone policy is subject to unpredictable premium increases every year, and over time, the cost can end up being significantly higher than the initial premium. Another reason is that, through positive medical developments, people are living longer, requiring carriers to pay long term care claims for longer than their products have historically been priced for. A life insurance policy with an LTC rider. Some life insurance companies will offer an LTC rider to their life insurance policies. This is an optional add-on feature that comes at a cost, with the amount varying from company to company. This option is primarily used for people who need life insurance. Every dollar paid out by the LTC rider will reduce the remaining death benefit to heirs. While costs may still be significant, if the LTC rider is never used, there is still that death benefit to heirs, helping to justify the total cost. Chronic illness rider. Some insurance companies offer an alternative: a chronic illness rider. In general, a chronic illness rider allows the insured to get early access to their policy's death benefit when they are faced with a chronic illness, that is, any illness from which they are not expected to recover from during their lifetime. As with an LTC rider, chronic illness rider use would reduce the policy's death benefit when you eventually pass.   Many companies offer a chronic illness rider at no additional premium cost. And if you need to use the benefit, it is generally tax-free. If you don't use it, your full death benefit remains available. Self-insurance. This is always an option. You could simply pay the costs out of your own resources. The problem is that future costs could become astronomical, causing you to run out of money. If you end up never needing any form of long-term care though, you would theoretically be better off… But is it worth the risk? Getting old is typically never easy and long-term care is just one piece of the puzzle to consider, along with Medicare supplements, health care directives, powers of attorney, etc. Rising health care costs have made the puzzle much more difficult to solve and spending quality time to carefully consider the risks as they pertain to your individual situation is important. The sooner you start planning, the better. And as you move forward, involving a qualified legal representative well-versed in long-term care as well as national laws and the laws in your state which can vary, is highly recommended. [1] U.S. Department of Health & Human Services. “What is Long-Term Care (LTC) and Who Needs it?” LongTermCare.gov. https://acl.gov/ltc (accessed February 20, 2026). [2] Medicare Interactive. “SNF care past 100 days.” Medicareinteractive.org. https://www.medicareinteractive.org/understanding-medicare/medicare-covered-services/skilled-nursing-facility-snf-services/snf-care-past-100-days (accessed February 23, 2026). [3] Rosenblatt, Bruce. “The Cost of Assisted Living in 2025: What You Need to Know.” Seniorhousingsolutions.net. https://seniorhousingsolutions.net/the-cost-of-assisted-living-in-2025-what-you-need-to-know/ (accessed February 23, 2026). [4] American Council on Aging. “2026 Nursing Home Costs by State and Region.” Medicaidplanningassistance.org. https://www.medicaidplanningassistance.org/nursing-home-costs/ (accessed February 23, 2026). [5] Wisner, Wendy. “How long is the average nursing home stay?” Care.com. https://www.care.com/c/average-nursing-home-stay/ (accessed February 23, 2026). [6] Kujala, Jacob. “The Changing Landscape Of Long-Term-Care Insurance.” Financial Advisor. https://www.fa-mag.com/news/the-changing-landscape-of-long-term-care-insurance-84943.html (accessed February 23, 2026). [7] Knueven, Liz. “The best long-term care insurance companies of February 2026.” cnbc.com. https://www.cnbc.com/select/best-long-term-care-insurance/ (accessed February 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 PodcastsSpotifyAndroidPandoraBlubrryby EmailTuneInDeezerRSSMore Subscribe Options

Send us Fan MailSkyler Bolks has done stand-up in 37 states over the last 10 years. He played basketball at Mount Mary University in Yankton, S.D., and he's found the competition he needs with himself on stage. He's one of the best comedians working in South Dakota. He did a bike tour across the state last year and has another one planned for 2026. Just look for a 6-foot-7 dude on a bike and follow him for a few laughs.Follow Skyler Bolks: Instagram: https://www.instagram.com/skylerbolks/TikTok: https://www.tiktok.com/@skylerbolksFacebook: https://www.facebook.com/SkylerBolksWebsite: https://www.skylerbolks.com/Support the show

It is a privilege to talk with some wonderful musicians. Today we speak with Steve Davis, one of the world's great trombonists. Jeff met him on a jazz cruise over the winter, and Bill played music with him at a mutual friend's party. Steve tells us about growing up in Binghamton, New York, and discovering jazz when his father took him to a concert with world-class musicians. Ever since, he has stretched for the stars – and played with many of them. Steve discusses his musical growth, his influences, and the power of good mentors. He also dishes on a notable recording session where he forgot to take his horn.It's a great conversation and we will continue it in another episode.Music: “Groove's Grove,” trombone solo by Steve Davis. Music used by permission from Mr. Davis.Theme music: "All Thumbs" from Faith in a New Key, Bill Carter and the Presbybop Quartet Music used by permission from Presbybop Music (BMI) Announcer: Chris Norton (c) Presbybop MusicSupport the show

Bank stocks feel the pain from private credit You may have noticed that the bank stock index is down about 10%, which is more than the S&P 500's decline of 3% at the beginning of the year. It is estimated that banks made roughly 10% of their total loans to non-depository financial institutions known as NDFIs, which includes private credit companies. It's also estimated that these types of loans in the past three years have grown from $1.1 trillion to $1.9 trillion. The banking stocks may struggle for a few more months, but the good news is a recent study from the Office of Financial Research found that private funds and BDCs, which are Business Development Corporations, use lines of credit and currently they've only used about 50 to 65% of the buying capacity. The tough decision for the banks is do they cut off the line of credit now or do they take on more risk and let those lines of credit increase to 70 or 80%? I feel I hope they stop it now because the risk I think is too great going forward on these private loans. We do hold two banks in our portfolio, which means we may see little to no gain in those stocks in 2026 due to the concerns around private lending. However, we do invest in companies for the long term and understand that difficulties can arise and cause a down year for any company. Long-term I don't believe this will have a major impact on the financial situation for most of the bigger banks.   The big business of youth sports I remember growing up and wishing for a baseball or maybe a football for Christmas so I could go down the street and play with my friends. Fast forward to today and youth sports are a multibillion-dollar business for companies. The average American family spends $1,000 on sports per child. Whenever there's an opportunity someone or some business will step in and fill the void, Dick's Sporting Goods has helped fill this void. Dicks opened back in the 1940s by a gentleman name Richard Stack, who had the nickname, Dick. His grandmother had $300 cash in her cookie jar and that is what Dick used to start a fishing supply shop in Binghamton, New York. There are now more than 700 stores across the country and their newest concept known as Dick's House of Sport is expected to have around 100 stores by the end of next year. These are mega stores that are 150,000 square feet, which is three times the size of a normal store. In these mega stores you will find batting cages, climbing walls, golf simulators, and even fields to run around to test out your new cleats. Dicks have been doing well considering it saw revenue skyrocket to $14.1 billion last year. This was twice what it was 10 years ago, not a bad feat for any company.   It's not just oil; aluminum prices have been surging! With the recent war in Iran, the rising price of oil and gasoline has been quite noticeable and has been discussed heavily by various news outlets. One lesser-known impact from the difficulties within the Strait of Hormuz is the price for aluminum has surged. People may not notice it since they don't necessarily buy aluminum directly, but if the problem persists you could see price increases for your favorite six pack of soda or beer. Outside of packaging, aluminum is also used across electronics, construction, transportation, and solar panels. In 2025, the Middle East accounted for roughly 21% of unwrought aluminum imports, which is the raw, unprocessed metal, and 13% of wrought aluminum imports, which is aluminum that has been mechanically shaped into sheets, rods, or other finished forms. Due to supply concerns, the price of aluminum has now increased to 4-year highs and there are concerns it could push even closer to $4,000 per ton from the current price around $3,400 per ton. Aluminum is the most abundant metal on earth, but production has slowed with locations like Bahrain's Alba cutting production by 19%, this location is home to the world's largest smelter. Unlike oil, China could have a huge impact when it comes to producing aluminum. China is already the biggest producer of aluminum, but to try and reduce emissions and prevent overcapacity they keep production constrained. They currently have several idle smelters that could be restarted if they feel aluminum prices are too high. Like we have said with the price of oil, I don't see this as a long-term problem, but the longer supply is constrained for these input costs, the more problematic it is for inflation.   Surprise, US oil inventories actually increased I know what you're thinking with the price of gasoline and oil increasing, oil inventories must be declining. Fortunately, that is not the case. If the inventories were decreasing the price of oil and gasoline at the pump would probably be even higher. For the week ending March 13th, crude oil inventories rose by 6.2 million barrels to 449.3 million barrels. This does not include the Strategic Petroleum Reserve (SPR). Everyone including the analysts thought for sure there would be a decline and the estimate was for a decline of around 40,000 barrels. Gasoline inventories did fall by 5.4 million barrels to 244.1 million barrels as of March 13th, but that inventory level is still 3% above the five-year average for gasoline inventories. If the inventories remain high, we could see the price of oil and gasoline begin to decline in another couple weeks or so. It will not go back to where it was a month or so ago, but we should hopefully start seeing a decline back to more normal levels soon.   Financial Planning: How to Create a Tax-Free Account for a Child A powerful way to build tax-free wealth for a child is by strategically using the kiddie tax rules with investments that generate qualified dividends and long-term capital gains. Under the kiddie tax, the first $1,350 of investment income is tax-free, and the next $1,350 is taxed at the child's rate, which for capital gains and qualified dividends is typically also 0%. This means a child can receive up to $2,700 of investment income each year with no federal tax. Income above this level is taxed at the parent's rate, which may be 15% or 20%. While $2,700 may not seem like much, it can support a surprisingly large portfolio because dividend yields are typically low and capital gains are only recognized when assets are sold. For example, a portfolio with a 2% dividend yield would not generate $2,700 of dividends until it reaches about $135,000. While the account is below that level, capital gain harvesting can be used each year to bring total income up to $2,700, allowing gains to be realized tax-free while increasing the cost basis. Because this involves realizing gains (not losses), there are no wash sale restrictions, and investments can be immediately repurchased. By consistently harvesting gains over time, the child can build a portfolio with minimal tax drag and potentially access those funds later with little to no capital gains tax, especially if they continue the strategy after they are no longer subject to the kiddie tax.   Companies Discussed: Super Micro Computer, Inc. (SMCI), SL Green Realty Corp. (SLG), Public Storage (PSA) & The Campbell's Company (CPB)

About That Coming AI Apocalypse Episode 375 – A recent essay by Matt Shumer, CEO of OthersideAI, an artificial intelligence company, has gone viral. He projects widespread employment disruption due to the rise of AI, and much more quickly than most people expect. Is he right? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 375 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: are we really on the precipice of an AI apocalypse? Just in case you missed this, an essay written and published in February 2026 by Matt Shumer, CEO of OthersideAI, an artificial intelligence company, has gone viral. It got over 50 million views in its first three days.[1] His message: be very afraid. Shumer is sometimes referred to as an “AI Influencer.”[2] He says that he's noticed a trend in recent months. The change isn't coming; it's already here. And worse than that, it's accelerating. “In 2025, new techniques for building these models unlocked a much faster pace of progress. And then it got even faster. And then faster again. Each new model wasn’t just better than the last… it was better by a wider margin.”[3] In other words, according to Shumer, AI is now building on itself. Shumer claims he is no longer needed for the “actual technical work” of his job. In fact, he claims that AI has gone from “helpful tool” to “does my job better than I do.”[4] He also shares a prediction that 50 percent of entry-level white-collar jobs will be eliminated in one to five years. Things such as writing, legal work, medical analysis and customer service are especially in jeopardy, in his opinion. If this is if fact the case, one might wonder how white-collar management candidates will be trained in five years. Could a fight for upper management candidates in white-collar industries develop? And how might that affect the companies and industries themselves in the long term? That said, there's certainly no shortage of pushback on Shumer's post. Paulo Carvão at Forbes argues that Shumer's essay is, to some extent, a sales pitch. One of the pieces of advice Shumer gives is to sign up for the most expensive premium AI models. He suggests that those people will be better off than those who use the standard off-the-shelf models.[5] Gary Marcus, a professor emeritus of cognitive science at NYU, has referred to Shumer's essay as “weaponized hype.”[6] Marcus's criticism is two-fold. First, he says that studies have indicated that AI models still exhibit significant reasoning errors, even in advanced AI systems. He also accuses Shumer of making exaggerated claims about some of the other models he had previously worked on.[7] That said, it's only natural to think that AI could change employment dynamics in the long run. However, it seems unlikely that AI will similarly affect blue-collar workers. AI might be able to write a legal brief for you, but it still can't fix your plumbing. This is certainly not our first technological revolution. Another criticism is that if Shumer is correct, this time would be different from all the others.[8] In the long run, every other technological upheaval has created more jobs than it eliminated.[9] And the effect that AI has on white-collar employment may take longer than Shumer expects, if it happens at all. Take the financial services industry, for example. AI may be helpful with certain research-related projects, but you'll still need someone to guide you through the maze of options you have, for example, when funding a retirement plan or applying for life insurance. And a human being can help address some of your emotional and family issues that AI will never understand. Never underestimate the value of human contact. There are, of course, a lot of good things that come from AI. It makes sense that AI can make you more productive. It may eventually do some of the more tedious and time-consuming tasks you have to deal with, allowing you to focus on more meaningful items, such as long-term strategic planning. It also has the potential to improve the quality and length of all of our lives through more accurate medical diagnostics and analysis. Just how much of Shumer's prophecy comes true—and perhaps more importantly, when—remains to be seen. It's safe to say that there will be some disruption. No one can know just how much and how quickly. But it may be a bad idea to buy into the instant hype. Sixty years after The Jetsons, our world looks nothing like everyone thought it would. In the words of Andy Kessler, columnist at The Wall Street Journal, “We won't see a utopia or dystopia. We'll see faster growth and more productivity.”[10] One final note. This podcast was written 100 percent by a human being without the help of AI. We're still here! [1] Vasilescu, Mario. “Matt Shumer’s Viral AI Post—50M views in 72h— Exemplifies the Entire Broken AI Discourse, Moltbook Included.” Thinkingthroughai.substack.com. https://thinkingthroughai.substack.com/p/matt-shumers-viral-ai-post50m-views (accessed February 26, 2026). [2] Kahn, Jeremy. “Matt Shumer's viral blog about AI's looming impact on knowledge workers is based on flawed assumptions.” Fortune.com. https://fortune.com/2026/02/12/matt-shumers-viral-blog-about-ais-looming-impact-on-knowledge-workers-is-based-on-flawed-assumptions/ (accessed February 26, 2026). [3] Shumer, Matt. “Something Big Is Happening.” Linkedin.com. https://www.linkedin.com/pulse/something-big-happening-matt-shumer-so5he/ (accessed February 26, 2026). [4] Id. [5] Carvão, Paulo. “The Problem With Tech's Latest ‘Something Big Is Happening' Manifesto.” Forbes.com. https://www.forbes.com/sites/paulocarvao/2026/02/13/the-problem-with-techs-latest-something-big-is-happening-manifesto/ (accessed February 26, 2026). [6] Kahn, Jeremy. “Matt Shumer's viral blog about AI's looming impact on knowledge workers is based on flawed assumptions.” Fortune.com. https://fortune.com/2026/02/12/matt-shumers-viral-blog-about-ais-looming-impact-on-knowledge-workers-is-based-on-flawed-assumptions/ (accessed February 26, 2026). [7] Id. [8] Id. [9] Id. [10] Kessler, Andy. “Ignore the AI Hysteria.” The Wall Street Journal. https://www.wsj.com/opinion/ignore-the-ai-hysteria-b64eac84?mod (accessed February 26, 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 PodcastsSpotifyAndroidPandoraBlubrryby EmailTuneInDeezerRSSMore Subscribe Options

Send a textBen Compton is one of the funniest comedians working in Hattiesburg, Miss. He started doing stand-up in 2014 and found himself on Hart of the City with Kevin Hart in 2017. He's learned a lot since them -- like always listen to your wife. He's got a wife, three daughters and two poodles, but doesn't even have a deck anymore. He's helping to run Live at the Litter Box, a variety show. If you're free and in Hattiesburg, check it out.Follow Ben Compton: Instagram: https://www.instagram.com/realbencompton/TikTok: https://www.tiktok.com/@realbencomptonSupport the show

Good News: Life Expectancy is Going Up Episode 374 – The latest U.S. life expectancy figures from the Centers for Disease Control and Prevention offer some fantastic news. The prospect of increased longevity should make all of us smile. But does it complicate your retirement planning? More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 374 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode, good news: life expectancy is going up! According to the Centers for Disease Control and Prevention, life expectancy in the U.S. hit a record high in 2024 at age 79. It was 78.4 the previous year. In addition, death rates from things like heart disease, cancer, and Alzheimer's disease all went down. Perhaps surprisingly, the biggest drop of all occurred with deaths due to overdoses, which went down by 14.4 percent.[1] The previous peak had been 78.8 in 2019, the last year before COVID. As a result of the pandemic, life expectancy had dropped to 76.4 years in 2021. But COVID deaths have gone down by 93 percent since their 2021 peak.[2] So even though COVID is still a concern, particularly among older Americans, it's safe to say that, for the most part, the pandemic is over. It is believed that a significant portion of the improvement stems from better medications, including the introduction of GLP-1s.[3] Of course, there is no guarantee that progress will continue, that another pandemic can be avoided, or that experience and research regarding any prescribed treatment doesn't result in a change of course. But right now, the news is positive in many ways. But the good news also highlights a dilemma: many people are likely to end up living longer than they expected, especially if the recent mortality expectation improvement continues. And you might not be ready for it. Have you prepared for a long retirement? This is something we talked about extensively back in episode 330. One of the biggest fears people have going into retirement is that they'll eventually run out of money. A recent survey by Global Atlantic Financial Group indicates that a full 67 percent of people between the ages of 55 and 75 are concerned about outliving their assets.[4] So how do you plan for a long retirement? One way to start is to consider a “decumulation” strategy. That is, a retirement withdrawal plan. You need to think carefully about your preferred lifestyle in retirement, and whether your assets are likely to make it past age 90. According to a recent study by IRALOGIX, 49 percent of retirees are operating without a formal withdrawal strategy.[5] These people instead just take what they need as they go. Only 22 percent have a systematic withdrawal process. Another 17 percent are fortunate enough that they can afford living on dividends and interest alone. One possible tool to use for planning a lengthy retirement is a series of Roth conversions during the early years of retirement. Unlike a traditional IRA, a Roth IRA does not have Required Minimum Distributions or RMDs. The big disadvantage to a Roth is that you don't get a tax deduction going in. The big advantage is that while the account still grows tax-free, and if you follow the rules, any money that does come out, is tax-free. Additionally, since you took a tax deduction when you contributed to your IRA or 401(k), moving that money into a Roth would be considered a taxable transaction. RMDs generally begin at age 73, or age 75 for people born 1960 or later. But if you retire before that age, it could be a great time to start gradually converting to a Roth during those intervening years. If you're in a lower tax bracket because you're not working, it can be more tax advantaged. All that said, it's a good idea to validate your Roth IRA approach with a tax advisor, as there may be situations where withdrawals may become taxable if the Roth has not been in place and seasoned for a minimum of five (5) years. You can also check your Social Security. If you haven't started yet, there are some decisions you'll need to make. You can begin collecting as early as age 62 (age 60 if you're a surviving spouse) or as late as age 70. The benefit goes up a little bit every month you wait between the two. Generally speaking, the longer you live, the more it makes sense to wait. Yet another way to approach decumulation is to use a “bucket” method. This comes in several varieties, but one popular version has been put forward by Christine Benz at Morningstar.[6] Under this concept, you set up your retirement savings in three different retirement “buckets.” Bucket one would be invested in something liquid such as a money market fund. This bucket would be available for short-term cash needs, with maybe two or three years' worth of expenses.[7] Bucket two would be on the conservative side, with a combination of stocks, bonds and cash investments. Money in this bucket would be gradually shifted into bucket one as needed over time.[8] Bucket three would be invested in assets with high growth potential. This is the bucket that is going to have the most volatility and is going to require the bulk of your attention.[9] The hope is that by gradually shifting your assets from one bucket to the next, you'll get a better sense of how long your assets are going to last, and whether you need to make adjustments. It truly is great news that life expectancy has been going up. So many of us are looking forward to a lengthy retirement, perhaps even longer than we originally expected. But it comes with a downside: it may end up straining your finances more than you realize. The best you can do is think about it ahead of time and be ready if you're lucky enough to experience a lengthy retirement. [1] Wall Street Journal Editorial Board. “A U.S. Life Expectancy Milestone.” The Wall Street Journal. https://www.wsj.com/opinion/u-s-life-expectancy-2024-record-cdc-health-mortality-cancer-covid-60a171ee (accessed February 13, 2026). [2] Id. [3] Id. [4] Almazora, Leo. “Two-thirds of investors worried they’ll outlive their assets.” Investmentnews.com. https://www.investmentnews.com/retirement-planning/two-thirds-of-investors-worried-theyll-outlive-their-assets/259916 (accessed April 8, 2025). [5] IRALOGIX. “Nearly Half of Retirees Lack a Structured Decumulation Strategy, Raising Concerns Over Rapid Depletion of Savings, New Survey Finds.” Iralogix.com. https://iralogix.com/nearly-half-of-retirees-lack-a-structured-decumulation-strategy-raising-concerns-over-rapid-depletion-of-savings-new-survey-finds/  (accessed February 27, 2026). [6] 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/?recombee_recomm_id=dec3bbe9440a929183645028596b8bf4 (accessed April 9, 2025). [7] Id. [8] Id. [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 PodcastsSpotifyAndroidPandoraBlubrryby EmailTuneInDeezerRSSMore Subscribe Options

Send a textPatrick McKinstry started doing stand-up in New York City in 2016. He commuted from Connecticut for a year before realizing there's comedy happening everywhere. He's in Norwich, Conn., now and works regularly in the Boston scene. He's an excellent writer and is planning an East Coast trip later in 2026. And if comedy doesn't work out, there's always some detective work to do.Follow Patrick McKinstry: Instagram: https://www.instagram.com/patastic/YouTube: https://www.youtube.com/@PatrickMcKinstryTeePublic: https://www.teepublic.com/user/patasticSupport the show

The Spirit of Charles Ponzi Lives On Episode 373 – Charles Ponzi died penniless in 1949. The man himself is long forgotten, but his spirit lives on. Two recent convictions are a cautionary tale. Let the buyer beware. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 373 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: the spirit of Charles Ponzi lives on. Charles Ponzi was born in Italy in 1882 and emigrated to the U.S. in 1903. He created his infamous scheme in 1919 using a series of postage coupons.[1] He raised money from investors to fund his idea, but it simply didn't work. After promising big returns to his stakeholders, rather than admitting defeat, he paid his early investors using funds that came from later investors. The investors thought they were making legitimate profits, which only encouraged more people to invest. He kept repeating the process and lived lavishly, until a financial journalist figured it all out. His operation collapsed in 1920. He spent years in and out of prison until he was deported back to Italy in 1934. He died penniless in 1949.[2] While the man himself is long forgotten, his name lives on. Perhaps the most famous Ponzi scheme of all time was executed by Bernie Madoff, who lost it all when he was arrested in 2008. He raised an estimated $65 billion using some of Ponzi's methods.[3] Even today, Ponzi schemes are still a thing. A man named Todd Burkhalter was recently arrested in what is “likely the largest Ponzi scheme in Georgia history,” according to U.S. Attorney Theodore Hertzberg.[4] Burkhalter pleaded guilty to wire fraud in January 2026. He admitted to defrauding thousands of investors out of $380 million. Burkhalter's weapon of choice was a series of alleged real estate loans. The claim was that his program offered short-term loans to real estate developers who needed “bridge” financing. Incredibly, he promised a guaranteed return of 22 percent annually for three years.[5] That alone should have raised suspicions among potential investors. As with Madoff, he prepared fictitious paperwork to make his scheme appear real. Burkhalter allegedly used the money for a collection of personal items, such as a vacation condo and a yacht. The threat of jail time apparently didn't faze him. He kept his ruse going while fully aware that he was under federal investigation. Having pleaded guilty, he is now awaiting sentencing.[6] In yet another recent case, this one, a mere $94 million, a fraudster was given a 20-year prison sentence for a Ponzi scheme based in Florida. Andrew Jacobus was sentenced in February 2026 to 20 years in prison after defrauding more than 70 investors. The money he raised, mostly from Venezuelan nationals, was spent on personal use in what the local U.S attorney called “classic Ponzi-scheme fashion.”[7] Ponzi schemes aren't going away anytime soon, and the rise of artificial intelligence could make them even more difficult to detect. According to Eugene Soltes, a Professor at Harvard Business School, the next Bernie Madoff could be a bot.[8] AI has the potential to create an entirely new set of illegal schemes. “The damage wrought by personalized pitches, especially ones using voice and video, could make Bernie Madoff's fraud look trivial,” according to Soltes. So, as cautious as you need to be now, it's going to be even worse in the future. One final note about Madoff. As horrible as things were, it could have turned out worse. After his arrest, the Justice Department set up something called the “Madoff Victim Fund.” By recovering some distributions to previous investors, selling what assets Madoff did have and some interest earnings, the fund was able to send some money back to the victims. When they made their final distribution late in2024, they announced that the victims had recovered almost 94 percent of their proven losses.[9] There are no concrete rules on how best to avoid a Ponzi scheme. In the Madoff case, many of the victims joined in after being referred by someone they trusted. The person they trusted was not in on the scheme; they were victims as well. Perhaps the best you can do is to just remember the old saying: if it sounds too good to be true, it probably is. [1] World History Edu. “Charles Ponzi: Life and His Infamous Scheme.” worldhistoryedu.com. https://worldhistoryedu.com/charles-ponzi-life-and-his-infamous-scheme/ (accessed January 27, 2026). [2] Id. [3] Reuters. “Madoff pleads guilty, is jailed for $65 billion fraud.” reuters.com.  https://www.reuters.com/article/world/madoff-pleads-guilty-is-jailed-for-65-billion-fraud-idUSTRE52A5JK/ (accessed February 4, 2026). [4] Donachie, Patrick. “DOJ: Georgia Advisor’s Ponzi Scheme Was Likely Largest in State’s History.”  wealthmanagement.com. https://www.wealthmanagement.com/ria-news/doj-georgia-advisors-ponzi-scheme-was-likely-largest-in-states-history? (accessed January 27, 2026). [5] Id. [6] Id. [7] Brin, Dinah Wisenberg. “Ex-Advisor Sentenced to 20 Years in Prison for $94M Ponzi Scheme.” ThinkAdvisor.com. https://www.thinkadvisor.com/2026/02/03/ex-advisor-sentenced-to-20-years-in-prison-for-94m-ponzi-scheme/ (accessed February 4, 2026). [8] Kost, Danielle. “AI Schemes Could ‘Make Bernie Madoff’s Fraud Look Trivial’: Interview with Eugene Soltes. hbs.edu. https://www.library.hbs.edu/working-knowledge/ai-schemes-could-make-bernie-madoffs-fraud-look-trivial-eugene-soltes (accessed January 30, 2026). [9] Farrington, Robert. “How Bernie Madoff's Victims Nearly Recovered Their Losses.” Thecollegeinvestor.com. https://thecollegeinvestor.com/51066/how-bernie-madoffs-victims-nearly-recovered-their-losses/ (accessed January 30, 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. 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In this conversation, Bruce Greig shares his unique journey from investing in real estate in New Zealand to navigating the complexities of the New York real estate market. He discusses the challenges he faced with the banking system, the impact of COVID-19 on his rental properties, and the current market trends in Binghamton. Bruce also shares insights into his future projects and strategies for managing his investments.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Send a textSam Rager started doing stand-up in 2012 during her senior year at Wayne State University. She's a regular face around the Detroit comedy scene and released her debut album, Trigger Warning, in 2019. Her special, "Hot Dog Hands," is streaming on Amazon Prime, Roku, Gumroad and Fawesome.TV. She released the album on Burn This Records and it's playing on Apple Music, Amazon, Bandcamp and YouTube Music. She's performing at the Tree Town Comedy Festival, which goes from March 4 to March 7. Follow Sam Rager: Instagram: https://www.instagram.com/samrager.is.alright/BlueSky: https://bsky.app/profile/samrager.bsky.socialFacebook: https://www.facebook.com/samantha.rager.3YouTube: https://www.youtube.com/channel/UCDe90XC8uXPioEBgEBWsKcgWebsite: https://samragercomedy.com/Support the show

This is a Grave Talks CLASSIC EPISODE!For more than two decades, Empirical Paranormal has been investigating unexplained activity across the Southern Tier of New York, documenting patterns that refuse to fade with time. Based in Binghamton, the team has conducted in-depth investigations at historic locations including the Phelps Mansion, the Bundy Museum, and the Kilmer Mansion.Over the years, they've encountered apparitions, phantom scents, unexplained sounds, and recurring phenomena—such as a clock that had never been wound suddenly chiming on its own, and EVP recordings capturing voices where no one was present. Rather than chasing spectacle, Empirical Paranormal relies on careful documentation, modern investigative tools, and an empathetic approach to understanding the people and histories tied to each site.Today on The Grave Talks, a conversation with Gina Caprari, Amy Scolaro, and Dominic Caprari about the hauntings that continue to challenge what we think we know about the spirit world.For more information, find them on Facebook and YouTube or go to their website empiricalparanormal.com. #TheGraveTalks #ParanormalInvestigation #EmpiricalParanormal #BinghamtonNY #HauntedHistory #RealGhostStories #EVPEvidence #HauntedNewYork #ParanormalPodcast #GhostInvestigations Love real ghost stories? Don't just listen—join us on YouTube and be part of the largest community of real paranormal encounters anywhere. Subscribe now and never miss a chilling new story:

This is a Grave Talks CLASSIC EPISODE! PART TWOFor more than two decades, Empirical Paranormal has been investigating unexplained activity across the Southern Tier of New York, documenting patterns that refuse to fade with time. Based in Binghamton, the team has conducted in-depth investigations at historic locations including the Phelps Mansion, the Bundy Museum, and the Kilmer Mansion.Over the years, they've encountered apparitions, phantom scents, unexplained sounds, and recurring phenomena—such as a clock that had never been wound suddenly chiming on its own, and EVP recordings capturing voices where no one was present. Rather than chasing spectacle, Empirical Paranormal relies on careful documentation, modern investigative tools, and an empathetic approach to understanding the people and histories tied to each site.Today on The Grave Talks, a conversation with Gina Caprari, Amy Scolaro, and Dominic Caprari about the hauntings that continue to challenge what we think we know about the spirit world.For more information, find them on Facebook and YouTube or go to their website empiricalparanormal.com.#TheGraveTalks #ParanormalInvestigation #EmpiricalParanormal #BinghamtonNY #HauntedHistory #RealGhostStories #EVPEvidence #HauntedNewYork #ParanormalPodcast #GhostInvestigationsLove real ghost stories? Don't just listen—join us on YouTube and be part of the largest community of real paranormal encounters anywhere. Subscribe now and never miss a chilling new story: