November 11th, 2011

As you may know, I’m one of the professionals on the new Fox Providence show The Money Pro$. My last appearance was on the episode about the real estate market, which ran in August. You can catch a replay of my segment on buying in today’s market below.

This Sunday, The Money Pro$ will debut a program on Business Succession Planning. Only 30% of small businesses survive to the second generation, so this is a very relevant issue. Maintaining the continuity of the business for stakeholders including co-owners, employees, family and customers is a major issue for large and small companies, and an important aspect in retaining employment in the state. Owning a family business, the topic is of interest to me. Estate planner Karen DelPonte, Esp. partner at Cameron & Mittleman, LLP., and CPA Greg Porcaro, partner of Otrando Porcaro & Associates, will weigh in on the matter. They will be joined by Russ Towers, Esq. of Broker Service Marketing Group, at the round table discussion.

The Money Pro$ is aired weekly on WNAC 64 at 11:30AM. Check your service provider for the channel locations. As a future programming note, I will soon be in the studio recording the December show. I’ll announce the airing date in the next few weeks.

Here’s a clip from the real estate episode:

Advice: buying in today’s home market:

The Money Pro$ provides Southern New England with easily available information on personal finance. If you’re interested in this subject, their website has video from all the episodes, including that of my good friend/radio co-host Steve Tetzner.

October 21st, 2011

This week on my radio show, Rich and Steve are in the studio with Max Brickle, CEO and President of The Brickle Group. A third generation industrialist (and grooming a fourth generation), Max runs a consortium of companies that manufacture woolen fabric, polyester fabric, and non-woven materials used in uniforms, blankets, and berets. But on Sunday, he will be wearing his real estate hat—the company also invests in the re-development of land owned through these manufacturing operations and other investments.

Their latest real estate initiative is a residential housing project in Lincoln. Across the street from the pond and land of the same name, Handy Pond is a 55+ condominium community that they developed with a local builder to supply a housing niche that was missing in Lincoln. This adult community is in an almost rural setting, yet it is set along a good access road to major highways. In this development, they focused on high-end housing with a community feel.

The current batch of units should be available within 60 days. They feature multiple floor plans and upgrade options. More information is available on the Handy Pond website, but you can also learn more by tuning into my radio show.

August 27th, 2011

I heard a story the other day that got me thinking about things irreplaceable. A family making a cross country move hired a company to transport their items. There is nothing unusual about this decision, people hire moving companies every day. However, during the transport, a wheel blew out on the truck and the driver didn’t notice. The friction of the rubber against the other wheels started a fire, and this burned the back of the vehicle. All of their possessions contained therein were destroyed—family photo albums, important documents and, of course, their furniture. A lifetime worth of belongings were lost in an instant.

This got me thinking about the approaching Hurricane Irene. We may not always know when or how disaster will strike. While we can’t control these types of events, we can assemble safeguards that will protect us in the chance of an emergency. One important defense is insurance. While mainstream in regard to homes and cars, this is often overlooked in terms of possessions. Even on something as commonplace as a move, insurance is paramount.

However, if a relocation involves an item that is especially precious to you, (or you happen to be in the path of a major hurricane) it might be a good idea to move it yourself. This does not extinguish the possibility of fiasco, but I think it might give you more control over the outcome. Insurance will reimburse you the estimated cost for what has been lost, but it can’t replace a lifetime worth of memories.