Will the Stock Market Save Your Public Pension?

Double-digit annual returns for most U.S. public pension systems over the past two years have done little to shrink the yawning deficits facing many of them after a decade of inadequate funding, according to analysts and recent data. -excerpted from Reuters, March 10, 2014   Thanks to a robust stock market, most systems have enjoyed […]

Birth of the Phoenix

It can be from our dissatisfaction that we often get the motivation to do something new. That is one of the themes conveyed by Wharton professor G. Richard Shell in his book, “Springboard: Launching Your Personal Search for Success.”  According to him, we are, in some sense, defined by the conflicts we overcome. This is […]

The Role of Uncertainty

Remember trying out for a sports team, or the high school play? Remember waiting to get your acceptance letter from the colleges where you applied? Remember that feeling that you couldn’t move forward, you couldn’t make plans … until you knew? [CLICK HERE] to read the article, “Political Uncertainty Keeps Slowing Economy’s Rise,” at USA […]

Our Nation’s Heroes Golf Tournament – Pembroke Country Club

Last month I was honored to participate in the Boston Chapter of the Salute Military Golf Association’s first  “Our Nation’s Heroes Golf Tournament.”  This is an event that the SMGA held to support golfing programs for veterans and raise awareness of the capabilities of disabled veterans and civilians alike who benefit from the ability to […]

Case Studies: Long-Term Care Planning – Part Two

Part Two of a real-life case study from Ron Papa’s own files.  We’re calling the clients “Jack & Jill” – Names we use to protect the innocent. In Part One of this case study, we were talking about Jack who lost Jill last year from a long bout with Alzheimer’s. When Jill was ill, the […]

My Personal Experience With Financial Skinny-Dipping

We live in a world of financial noise, filled with empty rhetoric, gimmicks, and scams. And the financial media cleverly disguises this noise as useful and reliable information; when it’s really nothing more than financial entertainment that generates handsome advertising profits. Do you remember Black Monday (back in October 19, 1987)? The Dow plunged almost […]

Pennies from Heaven

“Every time it rains it pours…Pennies from Heaven”… (1936), by Johnny Burke and Arthur Johnston; made popular by Bing Crosby. Somewhere in the wrangling by Congress over the fiscal cliff, a new tax law was born — officially known as the American Tax Relief Act of 2012.  Even though it is likely to be far […]

The Aged of Aquarius: Social Security & Medicare for Hippies

Can you believe that the oldest baby boomers of the Woodstock Generation, will turn 66 this year?  And many are simply unprepared for the purple haze of retirement.   When you’re 66, you can claim full Social Security benefits; and at 65 most seniors will file for Medicare.  Many advisors presume their clients “look into” Social […]

“Should Auld Acquaintance Be Forgot, and Never Brought to Mind?”

“Should Auld Acquaintance Be Forgot, and Never Brought to Mind?”  –excerpt from Auld Lang Syne, a Scottish poem written by Robert Burns in 1788. My response is a resounding YES!   Although traditionally this song is used to celebrate the start of the New Year at the stroke of midnight, it is also sung at funerals […]

2011 Legacy Advisors Holiday Brunch – Photo Slideshow

Ron and Sharyn Papa wish to thank all who came to this year’s Holiday Brunch at the Blackrock Golf Club on December 10, 2011 for making the event a very festive one. Here are some photo highlights.  Enjoy! And Merry Christmas, Happy Hanukkah, and Happy New Year to all clients and friends of Legacy Advisors! […]