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Keeping Up with the Sharing Economy

Keeping Up with the Sharing Economy

In an economy where many of the traditional engines are moving forward at a marginal pace, one bright spot is the peer-to-peer platforms such as accommodations and ride-sharing Airbnb, Uber, Lyft and Sidecar. The hitch: government regulations on taxis and auto rentals have not kept up with the emerging businesses. According to an article in the New York Times by Arun Sundararajan, a professor at the Stern School of Business at New York University, this is too bad, “because the emerging peer-to-peer, collaborative ‘sharing economy’ will be a significant segment of the country’s future economic activity.”
Filed in: Innovation
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The New-Fashioned Pension

The New-Fashioned Pension

Recently I wrote about an article in the Wall Street Journal that applauded the idea of individuals approaching saving for retirement as if they are architects of pension plans with themselves as sole beneficiaries. Not so long ago, employer-sponsored pension plans were common for both public employees and those of private companies. If someone worked for a set amount of time for one employer, they could expect to receive a monthly check for life. These days pensions at private companies are rare and government pensions are not the guarantee they used to be—just ask employees of Detroit and Stockton.
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Don’t Be Afraid, Be Aware

Don’t Be Afraid, Be Aware

Recently a valued colleague passed away and it got me thinking; it was so shocking because it hit close to home, but it shouldn’t have been shocking at all. Illness happens all the time. In fact, according to this Transamerica video, it’s not just likely that something such as chronic illness is going to occur, it’s a statistical probability. To many, these facts and figures are a startling wake-up call that we should take all the steps we can to mitigate the financial risks of life-changing illnesses.
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Are You Ready for the Big One?

Are You Ready for the Big One?

Over the past few weeks, I have been reminded of how unpredictable things are when several moderate earthquakes have hit Los Angeles, where I happen to live. I know it’s a region where earthquakes are not just a possibility, they are a certainty, but I never think about them happening until they do. And then I think about them a lot.
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The Language of Life Insurance

The Language of Life Insurance

Life insurance is one the quickest, easiest and most cost-efficient ways to mitigate risk. It’s something anyone who has someone who depends on them—and that’s just about everyone—should have. But “life insurance” comes in more than one type, and even though it’s often lumped into one bucket, it’s really a wide variety of approaches to protecting your family, each with its own unique application.
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