Elizabeth Spira, the Chief Executive Officer of the Community Action Partnership of Dutchess County describes how this legacy program of the War on Poverty has for 50 years provided financial, energy, pharmaceutical, and food assistance to those in need. Similar agencies exist in every country in New York State. Some of the programs that the Dutchess agency maintains include “Dress for Success,” a program that provides suitable clothing to women applying for jobs, and the “Retired and Senior Volunteer Program (RSVP),” which provides help with financial counseling, youth mentoring, and emergency preparedness.
In a program recorded live at the regular Red Hook Rotary meeting, insurance agents and Rotarians Carl and Bill Dowden discuss the Affordable Care Act (or ACA, sometimes called “Obamacare”), Cyber-Liability Insurance, and Long-Term Care Insurance. They explain how ACA relies on individual insurance companies instead of having a government-run single-payer plan, such as Medicare. While the ACA requires that insurers provide consumer protections and some benefits, its primary goal is to insure the currently uninsured, so people with satisfactory insurance now do not need to register. Cyber-Liability Insurance primarily protects companies and nonprofits from data breaches if their computer system is hacked or a device with private information is lost or stolen. The Dowden brothers also explain the differences between long-term care insurance and long-term disability insurance as well as the differences between homeowner’s insurance and flood insurance.
Two financial experts, both Red Hook Rotarians, discuss today’s economic environment and the effects of recent world turmoil on investing. In this on-site interview at a Red Hook Rotary meeting Glenn Goldstein, Managing Director of Portfolio Management at Focused Wealth Management, and Susan Simon, Registered Life Planner and Vice-President of Third Eye Associates, Ltd., give their opinions about what to consider when investing for retirement and about the changes investors should make in the current market.