Money Talk With Anthony
Learning and talking about Finance
Money Talk: Trump vs Powell! Look out for the " smoke"
The ” smoke” between Fed chair Jerome Powell and President Trump is well-known by now, and their feuds has been on public display. That tension became personal when news broke that federal prosecutors are reviewing past testimony from Fed Chair Jerome Powell related to a costly renovation of the Federal Reserve’s headquarters. Is there’s more to this than meets the eye?. Chairman Powell claimed that he believes this investigation is just a more formal pretext to exert political pressure on the Fed and get him to lower rates faster and sooner. Powell’s term as chair expires in May, and President Trump has already signaled interest in appointing a successor more aligned with his push for lower rates, adding another layer of uncertainty around the policy backdrop. For now, nothing concrete has changed. Monetary policy is set by the full Federal Open Market Committee, not the chair alone. The Fed’s meeting schedule is unchanged, and market expectations for rate cuts in 2026 haven’t materially shifted. This is not a policy event — at least not yet. If this episode continues, it risks becoming another source of noise at a delicate moment for rates, with potential knock-on effects for borrowing costs, market volatility, and confidence — even without an immediate shift in policy. Is Trump looking for a fight before May? Is Powell ready to deal with the smoke? Can we deliver his own ” smoke”. My opinion: the markets are about to get ” smokey”. |
Money Talk: Streaming TV inflation? Who's being naughty and nice
By Professor Anthony Rivieccio MBA PFA |
 |
|
The New TV, streaming TV ! Amazing right? It was going to take over Linear & Cable TV , to watch shows, ” when & where ” you want and with no commercials. In 2010, that was the battlecry . And yes, to a certain extent, many of those dreams became true. Today, more than 50% of America has given up cable for streaming and yes, streaming has now, 2 formats: ad free & with ads. But are you saving money ? Are streaming costs in line with inflation? * Disney +, 2019- $6.99 Today – $11.99 7 year inflation- 21% Should be :$8.46 Corp greed: 30 % *HBO Max 2019- $14.99 Today:$18.99 7 year inflation: 21% Should be : $18.14 Corporate greed: 6% *Hulu 2018-$6.00 Today -$11.99 8 year inflation 24% Should be $7.44 Corporate greed: 38% * Apple TV 2018- $4.99 Today -$12.99 8 year inflation 24% Should be $6.19 Corporate greed 53% * Netflix 2011- $7.99 Today:$17.90 15 year inflation : 45% Should be $11.59 Corporate greed 36% * Paramount+ 2021 $4.99 Today:$7.99 5 year inflation 15% Should be: $5.74 Corporate greed 29% *Prime Video 2016 $8.90 Today $14.99 10 year inflation 30% Should be $11.57 Corporate greed 23% *Peacock 2020 $4.99 Today $10.99 6 year inflation 18 % Should be $5.89 Corporate greed 47% I s always said that any product or service that is priced over inflation means we are talking about corporate greed .Ironically the best cost efficient product is HBO Ms . No wonder Netflix and Warner Bros are in for a fight over this. Get ready for a dramatic increase . So, is streaming worth the money? Understanding that general business principles look for a 60% mark probably the same mark up that’s on your cable bill now ? If you need specific assistance, from budgeting, to taxes, to investments and retirement, feel free to reach out!. You get easy access to our team of Certified Financial Planners®, who can answer your questions and provide guidance
Professor Anthony Rivieccio, MBA PFA, is the founder of The Financial Advisors Group, celebrating its 30th year as a full service Investment Planning & Management firm . Anthony is also owner of Rivieccio OnlineTax Advisors, a virtual only Income tax preparation & planning firm, opened in 2021. Mr. Rivieccio pens three financial article called “Money Talk” ” Tax Talk” & ” Financial Focus”. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Co-Op City News, The New York Parrot, The Bronx News, thisisthebronX.info , The Bronx Chronicle , The Bronx Post & The Parkchester Times. Professor Rivieccio is also the host of ” Financial Focus University” a financial & personal finance streaming TV Show. Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University. Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups. https://facebook.com/groups/ For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/ |
Money Talk: The New TV- Let's watch Versant!?
By Professor Anthony Rivieccio MBA PFA |
|
|
TV today? Do you really know what it is ? Is it Linear TV? Cable? Streaming? By the time you read this , one of our predictions is about to gone true . NBC TV , once a proud linear generator of eyeballs , upgraded to Cable in the 1980s and created many channels, such as: Bravo, CNBC, MSNBC, The Golf Channel, WWE, USA Network, WNBA, LPGA and many others . And today when you look for these channels, say NBC on Comcast , it will not be there! Why,? Because they belong to another company, now called Versant . The plan, as it looks to the linear and cable companies is that they are ditching when they seem, losing revenue properties on cable and transferring them to another company so it makes there original balance sheet more profitable. What are they replacing those properties with? Streaming TV. Fifteen years ago, nearly 9 in 10 US households had a pay TV subscription. By the end of 2025, that number will be down to five out of 10. Again, this is not news for people who invest in or operate media companies. It explains, for instance, why everyone from Comcast to Warner Bros. Discovery to A&E is trying to sell, spin off, or otherwise ditch most of their cable TV assets. It also has implications for advertisers, who stuck with TV for a long time, even when it became clear it was in decline, because that was a tried-and-true way of reaching a lot of people. No longer. 21st century TV ! If you need specific assistance, from budgeting, to taxes, to investments and retirement, feel free to reach out!. You get easy access to our team of Certified Financial Planners®, who can answer your questions and provide guidance
Professor Anthony Rivieccio, MBA PFA, is the founder of The Financial Advisors Group, celebrating its 30th year as a full service Investment Planning & Management firm . Anthony is also owner of Rivieccio OnlineTax Advisors, a virtual only Income tax preparation & planning firm, opened in 2021. Mr. Rivieccio pens three financial article called “Money Talk” ” Tax Talk” & ” Financial Focus”. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Co-Op City News, The New York Parrot, The Bronx News, thisisthebronX.info , The Bronx Chronicle , The Bronx Post & The Parkchester Times. Professor Rivieccio is also the host of ” Financial Focus University” a financial & personal finance streaming TV Show. Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University. Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups. https://facebook.com/groups/ For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/ |
Money Talk: Tariffs do not solve our US Budget Problem
By Professor Anthony Rivieccio MBA PFA |
|
|
The U.S. just closed the books on fiscal year 2025, and it’s a story we’ve heard before: more spending, more debt, same $1.8 trillion deficit. Despite solid GDP growth and record tariff revenue, the government’s finances barely moved in the right direction. Tariffs brought in a total of $195 billion for the 2025 fiscal year, which is more than double last year, but still only 3.7% of total federal revenue — the equivalent of pocket change next to the 51% that comes from income taxes. Meanwhile, interest payments alone on the national debt crossed $1 trillion for the first time ever. This means that roughly one in every five tax dollars went toward merely maintaining the existing debt. Spending didn’t slow down last year. Social Security, Medicare, and Medicaid all rose about 8%, fueled by an aging population and higher healthcare costs, and total outlays (excluding interest) climbed 4%. Add it all up, and debt held by the public is close to 100% of GDP, on pace to break postwar records within a few years. The fiscal fatigue is starting to show at the state level, too. According to Moody’s, 22 states are already in or near recession, together accounting for a third of the nation’s GDP. Tariffs, tighter immigration, and federal job cuts are squeezing local economies, even as the national numbers look solid — for now. So, Tariffs, or 10 cents I guess is better than 0 cents but again only 10% of one dollar. If you need specific assistance, from budgeting, to taxes, to investments and retirement, feel free to reach out!. You get easy access to our team of Certified Financial Planners®, who can answer your questions and provide guidance
Professor Anthony Rivieccio, MBA PFA, is the founder of The Financial Advisors Group, celebrating its 30th year as a full service Investment Planning & Management firm . Anthony is also owner of Rivieccio OnlineTax Advisors, a virtual only Income tax preparation & planning firm, opened in 2021. Mr. Rivieccio pens three financial article called “Money Talk” ” Tax Talk” & ” Financial Focus”. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Co-Op City News, The New York Parrot, The Bronx News, thisisthebronX.info , The Bronx Chronicle , The Bronx Post & The Parkchester Times. Professor Rivieccio is also the host of ” Financial Focus University” a financial & personal finance streaming TV Show. Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University. Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups. https://facebook.com/groups/ For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/ |
Streaming TV inflation - a look at 10 companies
By Professor Anthony Rivieccio MBA PFA |
|
|
Inflation. It is so important in our lives. But why can’t it ever be simple. The United States says current inflation is about 3% a year. Does it feel that way when you go to the supermarket? How about when you go out to eat ?. When you do simple transactions?. Exactly ! And streaming TV ? The ” Ad Free ” version current companies now provide is about 5.8% a year The Ads version is 4.3% Netflix Ad-Free • 2011: Launched at $8 • 2025: $18 Inflation: 55% or 3.9% per year With Ads • 2022: Launched at $7 • 2025: $8 Inflation : 13% or 4.3% a year Hulu Ad-Free • 2015: Launched at $12 • 2024: $19 Inflation : 37% or 4.1% a year With Ads • 2010: Launched at $8 • 2024: $10 Inflation: 20% or 1.4% a year Disney+Ad-Free • 2019: Launched at $7 • 2024: $16 Inflation: 57% or 11.4% a year With Ads • 2022: Launched at $8 • 2024: $10 Inflation :20% or 10% a year HBO Max Ad-Free • 2020: Launched at $15 • 2024: $17 Inflation 12% or 3% a year With Ads • 2021: Launched at $10 Inflation; 0% or 0% per year Prime Video Ad-Free • 2016: Launched at $9 • 2024: $12 Inflation 25% or 3.1% a year With Ads • 2024: Launched at $9 Inflation 0% Paramount+ Ad-Free • 2021: Launched at $10 • 2024: $13 Inflation 24% or 8% a year With Ads • 2021: Launched at $5 • 2023: $8 Inflation 38% or 9.5% a year Peacock Ad-Free • 2020: Launched at $10 • 2025: $17 Inflation 42% or 8.4% With Ads • 2021: Launched at $5 • 2025: $11 Inflation 55% or 13.7% per year Apple TV+ Ad-Free • 2019: Launched at $9 • 2025: $13 Inflation 31% or 5.1% a year BET+ Ad-Free • 2019: Launched at $10 • 2024: $11 Inflation 10% or 2% a year With Ads • 2023: Launched at $6 Inflation 0% Starz Ad-Free • 2022: Launched at $9 • 2024: $11 Inflation 19% or 9.5% a year What I call ” The New TV” , ” streaming”, is changing every day and it seems to cost 5% extra per year In 1995 , the average cable bill was $23. Today it is $132 a month . Therefore the average cable price has gone up 8% per year ( for 30 years) . Under normal inflation the price should be $47 (3% inflation per year ) So which TV has higher inflation? —————————— TAX PREPARATION DOES NOT GET YOU BIGGER REFUNDS — TAX PLANNING DOES ! INQUIRE ABOUT OUR 2025-2026 FREE TAX PREPARATION PROGRAM —————————— Happy October Birthday to  Ms Kamala Thaler New York Ms Juanita Rodriguez New York NY Ms Fran Hoffman Bronx New York Mr Constantine Drummond Bronx NY Tax Talk: Charity! Can I really save real money?By PROFESSOR ANTHONY RIVIECCIO, MBA, PFA Charity! It’s a lot different today than in the 80s and 90s Today, charity of course includes your local place of worship but today it also includes any licenced non for profit organization; from The United Way to the Boy Scouts ( for examples). Charity today is not just ” money” it is also ” non cash ” donations, like clothing, furniture , I even had a client donate his car. Recently a Client asked me: “Can my donation actually save me real money?” The answer is yes… if they do it right. With the right strategy, clients can support the causes they love and lower their tax bill. Here’s what to keep in mind:
If you need specific assistance, from budgeting, to taxes, to investments and retirement, feel free to reach out!. You get easy access to our team of Certified Financial Planners®, who can answer your questions and provide guidance
Professor Anthony Rivieccio, MBA PFA, is the founder of The Financial Advisors Group, celebrating its 30th year as a full service Investment Planning & Management firm . Anthony is also owner of Rivieccio OnlineTax Adviso Mr. Rivieccio pens three financial article called “Money Talk” ” Tax Talk” & ” Financial Focus”. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Co-Op City News, The New York Parrot, The Bronx News, thisisthebronX.info , The Bronx Chronicle , The Bronx Post & The Parkchester Times. Professor Rivieccio is also the host of ” Financial Focus University” a financial & personal finance streaming TV Show. Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University. Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups. https://facebook.com/groups/ For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/ |
Money Talk: Have you been WWE Bodyslammed?
|
|
Honestly, that should be the name of their next Premium Live event ( formally ), but sadly it is not If your of my generation, then you remember, in the 1970s, watching WWE (then WWWF) on linear TV . It could have been channel 5 or channel 11 but you knew it was 2 days/ 2 hours a week and it was on FREE linear TV Then something in the 80s changed that world,: Cable , and with a monthly charge . I don’t think wrestling fans minded that much , considering that they were getting 100 channels with their cable package . Up until the 1990s if you were ( then) paying $50 for 100 channels monthly , then you might have paid $4 a month for 8 hours of wrestling programming Then the programming became ” special” and it was called PPV and that 1 day a month- 3 hours of special programming came with a special and separate programming price: $50. So, now monthly , you got 8 hours of cable for $4 and 3 hours of special PPV program for $50 or 11 hours, monthly, for $54 And yes over time, more shows and programming developed. Then the TV world went haywire again, as ” streaming ” became the new norm, the WWE tried something monumental- they created an app. The WWE network held all the properties; Monday Night Raw, NXT, Smackdown and any PPV shows on their app– for only $9.99 a month with unlimited streaming time Wow, from FREE , to $4 to $54 to $10 a month And both the WWE & the wrestling world was happy Then, the WWE decided, to sell their properties to different outlets. Program. Channel. Price. Hours NXT. CW. $3 2 Smackdown. USA. $1. 2 Monday Raw. Netflix. $15. 3 Premium Events. ESPN. $30 3 monthly $48. 10 Ironically, compared to the 1990s, the price actually has gone down ($54 vs $48 ) and the programming has gone down (11 vs 10) Convenience, of course , is a major problem. 4 channels instead 2. 4 payments instead of 2. So price , compared to the 1990s, went down 13% and programming went down 9%, convenience went down 63%. The ironic part: If The WWE app were around today, presuming inflation, the price today would be $12.99, with unlimited streaming and programming The WWE got rich. It’s channel partners received wrestling content. The WWE fan just got body slammed!. If you need specific assistance, from budgeting, to taxes, to investments and retirement, feel free to reach out!. You get easy access to our team of Certified Financial Planners®, who can answer your questions and provide guidance Professor Anthony Rivieccio, MBA PFA, is the founder of The Financial Advisors Group, celebrating its 30th year as a full service Investment Planning & Management firm . Anthony is also owner of Rivieccio OnlineTax Advisors, a virtual only Income tax preparation & planning firm, opened in 2021. Mr. Rivieccio pens three financial article called “Money Talk” ” Tax Talk” & ” Financial Focus”. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Co-Op City News, The New York Parrot, The Bronx News, thisisthebronX.info , The Bronx Chronicle , The Bronx Post & The Parkchester Times. Professor Rivieccio is also the host of ” Financial Focus University” a financial & personal finance streaming TV Show. Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University. Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups. https://facebook.com/groups/ For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/ |
Money Talk: Ice Tea + Canadian Tariffs equal the End of AriZona?
By Professor Anthony Rivieccio MBA PFA |
|
|
Arizona Ice Tea was priced at 99 cents since 1999. Over the years, we remembered the ” 99 cents” branding as now being ” in stone” The company wants you to think that way too . Now they still sell about 2 billion cans annually. About 80 percent of the aluminum AriZona uses comes from recycled material produced in the United States. The rest is imported through Canada And then came Donald Trump and the word: Tariffs!. Now a 50% Aluminum tax may threaten this price. AriZona uses more than 100 million pounds of aluminum a year for its cans, and about 20 percent of that comes from Canada. If the price of AriZona Iced Tea had kept pace with inflation, the company would today be selling it for $1.99. Instead, the 99-cent price remains so central to the company’s identity that the numbers are displayed on the can boldly and prominently. My own personal view is based on these factors , I believe the price should be $1.10 but could go as high as $1.25 for simpler marketing Another 99 cent era- soon to be gone If you need specific assistance, from budgeting, to taxes, to investments and retirement, feel free to reach out!. You get easy access to our team of Certified Financial Planners®, who can answer your questions and provide guidance
Professor Anthony Rivieccio, MBA PFA, is the founder of The Financial Advisors Group, celebrating its 30th year as a full service Investment Planning & Management firm . Anthony is also owner of Rivieccio OnlineTax Advisors, a virtual only Income tax preparation & planning firm, opened in 2021. Mr. Rivieccio pens three financial article called “Money Talk” ” Tax Talk” & ” Financial Focus”. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Co-Op City News, The New York Parrot, The Bronx News, thisisthebronX.info , The Bronx Chronicle , The Bronx Post & The Parkchester Times. Professor Rivieccio is also the host of ” Financial Focus University” a financial & personal finance streaming TV Show. Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University. Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups. https://facebook.com/groups/ For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/ |
Money Talk: After 8 decades, are TV Talk Shows , over?
|
|
The notice came out quickly on a Friday morning So, it’s the ” Late Show ” franchise , started by former host David Letterman , when he left NBC for CBS in 2015. At that moment, I thought of many talk show hosts, from Jimmy Kimmel today, to Johnny Carson in the 1960s & Jack Parr in the 1950s, and their ” TV Talk Shows”. What happened ? Sadly the answer is an easy one. It’s called Streaming ! And recently two industry reports that came out that said: streaming today is happening with 52% of Americans and the 2 most popular channels are, Netflix and YouTube Prestige dramas, crime documentaries, reality TV, stand-up specials and even soap operas have successfully crossed over. But not talk shows. Even on traditional network and cable TV, ratings for late-night talk shows are down, and advertising revenue has plummeted. So, if you have low ratings, your advertising revenue will be down . So do employee salaries go down ? What is Stephen Colbert’s salary? During the early years of The Late Show, Stephen earned an annual wage of $6 million. In October 2019, he entered a contract extension with CBS Corp. that kept him on the network through at least 2023. Under his new contract, his annual salary was raised to $15 million Jimmy Kimmel’s annual salary for hosting Jimmy Kimmel Live! is estimated to be around $15 million. Kelly Ripa reportedly earns around $20 million per year for her role as the senior co-host of Live! So are host salaries the problem ? Well, Letterman ,In his final years as host, he earned over $30 million per season. So the advertising must have been great, huh? In the US, traditional TV ad spending is projected to reach $57.16 billion in 2025, but is expected to decline with an annual growth rate of -3.73% between 2025 and 2029. Streaming advertising , is expected to catch up, by 2029. I’m trying to write this objectively but I must confess I ” cut the cable” years ago. Yes, cable prices affected my decision. So did my lifestyle, but I noticed even more today that streaming is ” convenient” So TV Talk Shows have a choice in my opinion. Become ” Streaming Talk Shows ” or …  If you need specific assistance, from budgeting, to taxes, to investments and retirement, feel free to reach out!. You get easy access to our team of Certified Financial Planners®, who can answer your questions and provide guidance
Professor Anthony Rivieccio, MBA PFA, is the founder of The Financial Advisors Group, celebrating its 30th year as a full service Investment Planning & Management firm . Anthony is also owner of Rivieccio OnlineTax Advisors, a virtual only Income tax preparation & planning firm, opened in 2021. Mr. Rivieccio pens three financial article called “Money Talk” ” Tax Talk” & ” Financial Focus”. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Co-Op City News, The New York Parrot, The Bronx News, thisisthebronX.info , The Bronx Chronicle , The Bronx Post & The Parkchester Times. Professor Rivieccio is also the host of ” Financial Focus University” a financial & personal finance streaming TV Show. Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University. Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups. https://facebook.com/groups/ For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/ |
Money Talk: Want some SALT in next year's Tax Refund?
By Professor Anthony Rivieccio MBA PFA |
|
|
So , Donald Trump & Congress did what many believe could not do— pass Extended and New Tax laws. A NEW one is SALT: State & Local Taxes Up until 2017, those taxes were unlimited . You could deduct: State, local, community and property tax!. For homeowners as well as people making $75, 000 or more it was a great deduction!. Actually, since the deduction was limitless — it was a great deduction for everyone, but of course, high income earners or homeowners, it was a win win Until 2017, Trump 1, Sir Donald wanted to ” simplify” the tax code. In doing so, he put a cap of $10,000. What does that mean in simple terms: Well if you lived in The East Coast, making $75k, you probably would be paying $11,250 on State & City taxes . If you owned a home , assuming a $400k mortgage, you could be paying $8,000 in property taxes. A total State tax bill $19,250. Pre 2017, all of it was deductible. $19,250 deductible, translates to a real tax savings of $8,000. Today, only $10,000 is tax deductible. You can NOT claim $9,250. So the tax savings is $4,000 A 50% decrease or tax hit Which is why it is very important, regardless of political party to look at the NEW SALT cap for the next 5 years, $40,000. You can deduct the whole ( for this example) $19,250. And on the East Coast we are just about made whole, at least for the next 5 years. The people, States & Cities that will benefit the most, according to realtor.com New Jersey Share of homeowners with property tax bills over $10K: 40% Share of homeowners with property tax bills over $30K: 2.6% Share of homeowners with property tax bills over $40K: 1.6% New York Share of homeowners with property tax bills over $10K: 25.9% Share of homeowners with property tax bills over $30K: 3.6% Share of homeowners with property tax bills over $40K: 2.5% New York City, NY Share of homeowners with property tax bills over $10k: 47.8% Share of homeowners with property tax bills over 30K: 5.4% Share of homeowners with property tax bills over40K: 3.5% Bridgeport, CT Share of homeowners with property tax bills over $10K: 39.3% Share of homeowners with property tax bills over $30K: 4.6% Share of homeowners with property tax bills over $40K: 2.6% Poughkeepsie, NY Share of homeowners with property tax bills over $10K: 37.5% Share of homeowners with property tax bills over $30K: 2.4% Share of homeowners with property tax bills over $40K: 1.5% Trenton, NJ Share of homeowners with property tax bills over $10K: 35.8% Share of homeowners with property tax bills over $30K: 3.0% Share of homeowners with property tax bills over $40K: 1.8% Using the information above that means the average East Coast Citizens with homes, 97 % more people will be getting tax saving relief–which will translate right into your tax refund. Want SALT? If you need specific assistance, from budgeting, to taxes, to investments and retirement, feel free to reach out!. You get easy access to our team of Certified Financial Planners®, who can answer your questions and provide guidance Professor Anthony Rivieccio, MBA PFA, is the founder of The Financial Advisors Group, celebrating its 30th year as a full service Investment Planning & Management firm . Anthony is also owner of Rivieccio OnlineTax Advisors, a virtual only Income tax preparation & planning firm, opened in 2021. Mr. Rivieccio pens three financial article called “Money Talk” ” Tax Talk” & ” Financial Focus”. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Co-Op City News, The New York Parrot, The Bronx News, thisisthebronX.info , The Bronx Chronicle , The Bronx Post & The Parkchester Times. Professor Rivieccio is also the host of ” Financial Focus University” a financial & personal finance streaming TV Show. Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University. Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups. https://facebook.com/groups/ For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/ |
Money Talk: TV in the future- what is cable?
By Professor Anthony Rivieccio MBA PFA
So , with our new world of: You Tube TV, Hulu, Pluto, Netflix, Peacock or as we know them as, ” streaming channels”, what has happened to cable?.
In the early 2010s, over 100 million households subscribed to a cable or satellite TV bundle. That number is considerably lower now, estimated to be between 60 and 70 million according to recent figures.
And, Subscribers are declining at a rate of approximately 12% per year.
According to Deadline, the percentage of households that subscribe to a pay TV bundle is at levels not seen since 1987. Just 49.4% of households are currently in the bundle. Just 34.4% are subscribed to a traditional cable or satellite package (meaning about 15% access the bundle through services like YouTube TV).
So, in 20 more years , will the next generation , say, ” what is cable?
If you need specific assistance, from budgeting, to taxes, to investments and retirement, feel free to reach out!. You get easy access to our team of Certified Financial Planners®, who can answer your questions and provide guidance
Professor Anthony Rivieccio, MBA PFA, is the founder of The Financial Advisors Group, celebrating its 30th year as a full service Investment Planning & Management firm . Anthony is also owner of Rivieccio OnlineTax Advisors, a virtual only Income tax preparation & planning firm, opened in 2021.
Mr. Rivieccio pens three financial article called “Money Talk” ” Tax Talk” & ” Financial Focus”. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Co-Op City News, The New York Parrot, The Bronx News, thisisthebronX.info , The Bronx Chronicle , The Bronx Post & The Parkchester Times.
Professor Rivieccio is also the host of ” Financial Focus University” a financial & personal finance streaming TV Show.
Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University.
Ask The Professor is your new Personal Finance Do It Yourself community found in Facebook Groups.
https://facebook.com/groups/2895516820767852/
For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/anthonyfromthebronx
By Professor Anthony Rivieccio MBA PFA
People believe that we have been in an economic growth period since 2022 but in reality, consumer spending, which represents 70% of economic growth, has NOT been debt free spending– it has been credit card spending or debt.
In 2022, credit cards were used for 31% of all transactions, and that number increases with income, jumping to 50% for those earning more than $150,000. This is largely thanks to the growing benefits customers get from using certain cards, such as cashback, sign-up bonuses, travel perks, and even insurance. Unlike debit cards, credit cards also provide a layer of protection between you and your actual money: Most cards won’t hold you liable for fraudulent or unauthorized transactions.
Credit card disputes, for example, have increased dramatically in recent years as consumers realize just how easy it is to dispute a charge, sometimes even legitimate ones. Disputes were worth an estimated $11 billion across 105 million transactions in 2023, up from $7.2 billion in 2019. Their value is projected to increase another 40% by 2026. North American merchants ate the cost of a 69% increase in so-called “chargeback misuse” in 2023, an estimated 20% of which was considered likely to be “friendly fraud” — that is, disputing a legitimate transaction for a refund.
This might be another warning sign that we’re in a credit-card-perks-and-rewards bubble. Looking at the landscape, merchants and legislators are pushing for lower processing fees; consumers are becoming increasingly savvy about their credit card use (which is not profitable for lenders); and friendly fraud is rising. Eventually, all of this may result in a reduction of those perks many of us have gotten so used to.
So, what are we spending and who is spending it?
If you need specific assistance, from budgeting, to taxes, to investments and retirement, feel free to reach out!. You get easy access to our team of Certified Financial Planners®, who can answer your questions and provide guidance
Professor Anthony Rivieccio, MBA PFA, is the founder of The Financial Advisors Group, celebrating its 25th year as a full service investment planning & management firm . Anthony is also owner of Rivieccio Financial
Mr. Rivieccio pens a financial article called “Money Talk” along with ” Financial Focus”. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Co-Op City News, The New York Parrot, The Bronx News, thisisthebronX.info , The Bronx Chronicle & The Parkchester Times.
Anthony is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University.
https://facebook.com/groups/
For financial assistance, Anthony can be reached at (347) 575-5045. Have Facebook? My email is a_rivieccio@yahoo.com My personal page is www.facebook.com/
Money Talk: What kind of TV do you watch
Money Talk: What kind of TV do you watch?
By Professor Anthony Rivieccio MBA PFA
Many years ago , I wrote an article discussing how “streaming” was going to be the new way to watch TV, whether it is cable or broadcasting.
It happened so fast!
According to recent reports, Cable TV represented just 30 percent of all TV use, and broadcast networks represented 20.8 percent of all TV use. Streaming was the most popular way people watched TV, with 37.7 percent of TV viewing in May 2023.
Here Are The Top 10 Streaming Services:
YouTube: 8.8 percent
Netflix: 8.2 percent
Hulu: 3.5 percent
Prime Video: 3.2 percent
Disney+: 2 percent
Tubi: 1.4 percent
Max: 1.4 percent
Peacock: 1.2 percent
Paramount+: 1 percent
Roku Channel: 1.1 percent
Pluto TV: 0.9 percent
The next and younger generation, wants their TV: portable and cheap.
Well, portable, we see the majority of Americans should be there soon. As far as cheap; I think that’s a matter of opinion.
Based on simple inflation: the 1993 Cable Bill was $25 a month and should be worth $45 today. Is your cable bill $45 today? No? Exactly, and that’s just one reason
Secondly, you’ll see above, some are cheap, some are even, FREE!
But lastly, before you cut the cord. Remember this ( as I said several years ago ) in my opinion the maximizing of price and value will come in both: understanding what you consume & how you get that content
Using myself as an example, because of my work lifestyle, I consume
* Morning/ Afternoon- Business news
* Late evening- Sports/ movies
I do not watch TV in between.
So for my business news, there are many platforms where I can get 24 hour business news, live and FREE , by using, for example, Pluto TV and tap into their ” News section” . I keep it on all during business hours because of the nature of the work we do. If I want to get even cuter, CNBC, the cable news channel, has LIVE streaming, right on their website page. Just go to CNBC.com and bang
In the late evening, I like to relax and watch TV for 2 hours to unwind. Maybe a Sports event or a movie ?
If it’s Sports, it will not be live, only because of my hours, but, I can go right to You Tube , which is FREE , to watch delayed nights of : Baseball, football, basketball, etc.
As a Boxing & Wrestling Fan, their is more than enough content to satisfy that consumption.
If it’s a Movie, I go right to Tubi , again a FREE platform , to watch a movie. They do have a large selection . Pluto TV also has a great selection of on demand shows, from 1952- to 2022.
Notice I keep saying Free, right. But I’ll be frank, by doing this, then buying stand alone platform channels ( for example HBO) at $5-$10 a month, I think one can save hundreds or even thousands of dollars per year.
And of course, CBS, FOX, NBC & ABC are still free right!?
So, do you cut the cord? Are you ready for ” streaming TV”!?.
Contact
Any questions please free to contact me
- arivieccio3015@gmail.com
- 347-575-5045
