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VIEWPOINT: A Digital World: What’s in Store for Central New York
As the effects of the coronavirus continue to reshape our world, the next year will see several factors accelerating the shift to a more digital, hybrid future. We expect to see a continued focus on digital transformation as the driving force creating value for business owners. Below are some considerations of what will come next — […]
Ask Rusty: Please Help Us with Social Security Planning
Dear Rusty: Would you please advise on mine and my wife’s Social Security (SS) planning? I’m age 69 and 2 months, my wife is age 66 and 2 months, so we both hit full retirement age. We both plan on starting to take SS next month. My benefit would be about $3,300 per month, and
NONPROFIT MANAGEMENT: Why is Cash Management Important to your Organization?
We have all heard the age old saying, “cash is king.” When the pandemic first started, many tax-exempt organizations were concerned with cash flow and making it through what was first thought to be a month or two. Organizations were closely monitoring their cash flow, even going as far as preparing daily cash-flow projections. Then the
VIEWPOINT: Benefit-Plan Administration Impact of Extension of National Emergency Period
President Joe Biden once again continued the “National Emergency Concerning the COVID-19 Pandemic (National Emergency)” on Feb. 18. The National Emergency had been set to expire on March 1. Pursuant to the notice issued by President Biden, the National Emergency that was initially declared on March 13, 2020 (beginning March 1, 2020), must continue in effect
Ask Rusty: I’m Confused About Taking Medicare and Social Security
Dear Rusty: I just turned 64 and now get stuff about Medicare and Medigap and so on. I really don’t know how to retire when it’s time. What should I do? What am I looking for? Am I eligible for anything as of now? I’m so confused about all this that I don’t even know
VIEWPOINT: 3 ways to cultivate an effective multi-brand strategy
Think about a brand — maybe a big corporation — that has a hierarchy of other brands and services. Maybe you’re thinking about Amazon, which has Prime Video, Audible, and Amazon Echo. Or maybe P&G which owns Gillette, Pampers, Tide, Cascade, and Old Spice. Unilever owns everything from Ben & Jerry’s and Skippy to Lipton and
VIEWPOINT: Breaking Out of the Racial Wealth Gap
While it has been a challenge across the U.S. for decades, only recently has the racial wealth gap become common vernacular for both the media and politicians. Simply explained, the racial wealth gap is the shared experience of Black and Latino households earning half as much as their White counterparts and holding just 15-20 percent of the
CEO FOCUS: GENIUS NY Renewed through Round 10, Opens Applications for UAS Startups
Over the past five years we have established Central New York as the global leader for the uncrewed systems industry. Among the central elements of those efforts is the GENIUS NY program, the world’s largest in-residence accelerator focused on uncrewed systems. Operated from CenterState CEO’s Tech Garden, the program has attracted 26 startups to Central New York.
VIEWPOINT: Seniors’ use of smart phones, computers is on the rise
It turns out that you can teach an old dog new tricks. Just look at how America’s seniors have adopted cellphones, computers, and laptops. Middle-age children of today’s seniors may soon start complaining that their moms and dads are spending too much time online and on their iPhones, says Rebecca Weber, CEO of the Association of
VIEWPOINT: Important Recent ESOP Developments
We saw several significant legal developments relating to employee stock-ownership plans (ESOPs) last year. This article will summarize a few of the most important developments. Fiduciary Indemnification and Insurance — Scalia v. Professional Fiduciary Services, LLC Fiduciaries of benefit plans covered by the Employee Retirement Income Security Act of 1974 (ERISA), including ESOPs, are subject to personal liability
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