Financial Focus: Future of Financial Advice Goes 20 years Back

By PROF. ANTHONY RIVIECCIO, MBA, PFA

Did you know that President Donald Trump and the federal government are ready to tear down ten years of financial law. So now your financial representative does not have to work “in your best interest”? Last month, a federal court stuck down a portion of the Dodd-Frank Act that applied to “retirement” plans. While the law allows the Securities & Exchange Commission to govern, because they have been absent to respond, the government, through it’s Department of Labor and ERISA laws put the fiduciary doctrine in place to protect America’s retirement plans. Now, with the court shutting down the law

By DAVID GREENE

With the naming of Stan Brezenoff as interim chairman of the New York City Housing Authority (NYCHA), we asked residents at local housing complexes the specific problems in their buildings and solutions to the bureaucracy of living in a city-run housing complex. The staircases look like crap. I’ve been here 14 years and they were messed up since I got here. We have rats and mice running around. Maintenance is not doing their job and the residents don’t really care as long as they make it through another day. It’s terrible here. Joseph Liborsi Fort Independence Houses (Kingsbridge) They

By DAVID CRUZ

Dear Fellow Readers, The latest edition of the Norwood News, covering Bronx communities, is out this week! Check out these stories put together by our dedicated interns and freelancers that can get the conversation going. We begin, of course, with page one! The political season came early this year as a special election impacting Norwood happened on April 24, with Democrat Nathalia Fernandez becoming the interim Assembly Member for the 80th Assembly District. Learn Fernandez’ goals and whether others are gunning for the seat. It will be interesting to see who throws their hat into this seat. Other stories include the

Norwood News Wins Four Prizes at NYPA Awards

By THE NORWOOD NEWS

Four awards went to the Norwood News took by the New York Press Association (NYPA), the best number in recent memory. David Cruz, editor-in-chief of the paper, took home a First Place prize in the News Story category at the Better Newspaper Contest, for his piece on rent histories questioned by a nonprofit housing advocacy group. The story was written in March. Judges called the story, “Fundamental reporting at its best.” Though the prize put him at the top, it was Adi Talwar’s Third Place award for Photographer of the Year that stood out. Talwar beat out 17 other photographers

Latest Edition of the Norwood News is Out!

By DAVID CRUZ

Dear Fellow Readers, The latest edition of the Norwood News, spanning the northwest section of the Bronx, is out with its latest edition for 2018! There is tons of news to cover so let’s get right into it! Our front page story focuses on Bailey Houses, part of the stock of troubling properties owned by NYCHA. The chair of the New York City Council’s public housing committee visited the Kingsbridge complex, finding conditions problematic. Her visit came as the agency’s chair announced her resignation. Read what tenants have to say about the lumbering repair process. The timing will shock you.

Neighborhood Notes: Free Immigration Service

By PROF. ANTHONY RIVIECCIO, MBA, PFA

President Donald Trump, in creating his tax plan that we now as Americans must live under is very dangerous to high tax states. Now, as an example, the State and Local Tax (SALT) deductibility has been capped at $10,000. You would think one counter to that, from the state point of view, would be to lower their tax base so they can allow their residents to maximize their tax liability, lowering their liability under the current law. But Governor Andrew Cuomo, who is thinking of running for President has another idea. Lets play “end around” tax reform! According to newly

Dear Fellow Readers! The latest edition of the Norwood News, covering the northwest Bronx, is out with its latest edition for 2018. We welcome you to check out plenty of stories featured in this fresh edition. We begin, of course, with page one and a story involving a community garden and one headstrong neighbor who refuses to throw in the towel. Read about Elizabeth Carson and her quest for governance at Risse Street Garden. Also, get a sense of how the agency tasked to bring order to community gardens is handling this. Inside the cover you’ll find a recap of

Inquiring Photographer: Thoughts on KNIC's Progress

By DAVID GREENE

This week we asked Kingsbridge residents their thoughts on the re-development of the Kingsbridge Armory which has now languished for years, and a recent behind-closed-doors meeting. Well, I always thought that people should be notified at any time and there should always be an open door for any comments. If you’re going to do it under the table, then it’s not worth it. And if you’re going to spend $500 million dollars, help the homeless first. Hell no! I don’t want an ice skating rink here. They need to make it a building for homeless people, something for the homeless.

By PROF. ANTHONY RIVIECCIO, MBA, PFA

In our first article focusing on income tax scams and identity theft, we began to cover some of the traditional ways one gets scammed. In 2018, with modern technology and spyware anything is now possible. Two examples are below: The One Where They Steal Your Refund: Someone will file a fraudulent tax return on your behalf, claiming all sorts of benefits and deductions that you’re not entitled to. When you file your real return, the IRS thinks you already filed and presses STOP on everything. In reality, the only thing that will be stopped is your tax refund going to you–the thief