Monthly Archives: March 2018

Everybody Reads: Exit West

“As violence and unrest looms over their country, Nadia and Saeed embark on a furtive love affair. As the city turns into a patchwork of checkpoints and bomb blasts, the couple begins to hear whispers about doors – doors that can whisk people far away, if perilously and for a price. As the violence escalates, Nadia and Saeed decide that they no longer have a choice. Leaving their homeland and their old lives behind, they find a door and step through.” This is the description of Exit West, by Pakistani writer Mohsin Hamid, this year’s selection for Everybody Reads. The book was one of The New York Times’ Top 10 books of 2017 and was on the Man Booker Prize’s 2017 shortlist. Read more »

The Power of Compounding

Albert Einstein once (allegedly) called compounding interest the most powerful force in the universe. While claims that the famous scientist uttered these words are dubious at best, what is not in question is that compounding interest is an incredibly powerful tool that all investors can leverage. Read more »

Building Walls of Financial Protection

There has been a lot of talk about building walls lately. Regardless of whether you are in favor of building physical ones, you ought to consider building some legal and financial ones, as we are each surrounded by potential liability threats. While the odds of any of these liability threats becoming a liability claim are incredibly low (the odds are about 1 in 2,000 that someone will have a serious slip and fall in the shower, for example), the impact these events have when they do happen can be profound (especially if that person fell in a shower at an apartment that you rented to them). Properly constructed walls can shield assets and provide a level of protection from claims. Read more »

Rachael Ray Gets Excited Over Zero Mass Water Source Panels

“Are you ready for this? It could be a game-changer…” starts the accompanying article to Rachael Ray’s March 19, 2018 show featuring tech guru Katie Linendoll and Zero Mass Water’s Source Hydropanels. Zero Mass Water, one of the private equity investments made by 3×5 Partners, LLC, an Arnerich Massena Approved Manager, has made recent appearances with its innovative technology in Forbes Magazine, Inc. Magazine, and on This Old House. Now, celebrity chef and talk show host Rachael Ray learns about the company’s incredible machine on her show Rachael.

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The Fifth Circuit Court of Appeals Overturns the Department of Labor’s Fiduciary Rule

The Department of Labor’s (DOL) fiduciary rule passed in 2016, but has met with numerous obstacles and delays throughout its implementation. On March 15, the Fifth Circuit Court of Appeals overturned it completely, ruling that it represents overreach by the Department of Labor. The decision, which reversed an earlier district court ruling in favor of the regulation, states that the DOL exceeded its statutory authority in issuing the rule. The new ruling suggests that oversight of this issue should fall under the purview of the U.S. Securities and Exchange Commission (SEC). Read more »

Practical Planning: Review Your Withholdings for 2018

Even though we are knee-deep in the 2017 tax season, it’s not too early to start thinking about 2018 taxes. Given tax reforms in the Tax Cuts and Jobs Act, wage earners should be sure to review and, if necessary, adjust their tax withholding. You can start this process using the IRS 2018 Withholding Calculator to do a “paycheck checkup” and help you determine whether your tax withholdings are appropriate. Read more »