Day: October 31, 2018

Arts & Entertainment, Gallery Beat

The Curious Case of the DMV and Art Fairs

By F. Lennox Campello The Curious Case of the DMV and Art Fairs By the time that you read this column, an international art fair will have come and gone to the DMV. This is important and a key arts event for our area, as art fairs in cities across the world continue to remain as one of the key components of the planet’s cultural tapestry, with Art Basel Miami Beach (ABMB) still holding the title of the “big dance of the art world” each December in the Greater Miami area. Other cities around the world, London, Toronto, Madrid, Capetown, Frankfurt, Basel, Buenos Aires, etc., all host and have really good art fairs as well, and many American cities – besides Miami – also host excellent fairs, most notably New York, Chicago, Los Angeles, Seattle, Houston, etc. And yet, in spite of several attempts by art fair world giants such as the Art Miami group, and by ubercollectors such as Mera Rubell, the DMV’s attempts to enter the art fair circuit have failed in the recent past. We are all hoping that this new attempt – titled SuperfineDC art fair – will succeed and return each year. Why is the DMV such a tough nut to crack for art fair organizers? It’s a paradoxically confounding issue! After all, according to a recent census data release, the DMV has the planet’s second highest concentration of multi-millionaires; the disposable income is present in the Greater DC area and surrounding counties (six of the top 10 richest counties in the United States are in the DMV). But it is also a fact that although the money is here, as anyone who’s ever tried to sell a piece of art in the area knows, the collectors themselves are far and few in between, and…

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Go Fish, Pets, Places, & Things

Lunker Learning

By Steve Chaconas Lunker Learning To become a better bass fisherman there’s no substitute for time on the water, except for Robert Montgomery’s new book Kickin’ Bass. Writing for Bassmasters Magazine, Montgomery has covered bass fishing for several decades. He’s written many books offering tips for catching bass. His recent offering boasts to make the bass of your dreams a reality. Kickin’ Bass divulges strategies and techniques, bass biology and behavior, fisheries management and stewardship, locations, and finally tacklebox contents. The book relies on bass fishing experts, covering the sport top to bottom, shallow to deep, on knowing how, where and when to catch them. Montgomery’s inclusion of guides is thoughtful. They can catch fish, but their real job is to break down the details involved to enable clients to achieve success. Books relying on pro anglers assume the reader is at that level and that the pro is able to get the points across. Pro fishing skills often don’t go much beyond magazine copy points. Montgomery references pro anglers to eliminate water and unproductive fishing spots and situations. Conservation, and its impact, is discussed with the most respected black bass fisheries biologist, Gene Gilliland. He says if a bass is caught in an area, fish it longer. The fish was there for a reason and others will be there for that reason. He also says there are a lot more fish in a spot than we could imagine. Electro fishing reveals a lot about fish population density, but also how they move and other details about their diet, memory and habitat. Predictable behavior is important to thinking your way to making the right decision on lures and fishing spots. It pays to have a great relationship with fisheries managers. After all their jobs depend on angling success. Additionally, fish…

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Financial Focus, Pets, Places, & Things

10 Reasons Why Beneficiary Designations Are Important

By Carl Trevison and Stephen Bearce 10 Reasons Why Beneficiary Designations Are Important Beneficiary designations can provide a relatively easy way to transfer an account or insurance policy upon your death. However, if you’re not careful, missing or outdated beneficiary designations can easily cause your estate plan to go awry. We often complete these designations without giving it much thought, but they’re actually important and deserve careful attention. Here’s why: Beneficiary designations take priority over what’s in other estate planning documents, such as a will or trust. For example, you may indicate in your will you want everything to go to your spouse after your death. However, if the beneficiary designation on your life insurance policy still names your ex-spouse, he or she may end up getting the proceeds. Where you can find them Here’s a sampling of where you’ll find beneficiary designations: • Employer-sponsored retirement plans [401(k), 403(b), etc.] • IRAs • Life insurance policies • Annuities • Transfer-on-death (TOD) investment accounts • Pay-on-death (POD) bank accounts • Stock options and restricted stock • Executive deferred compensation plans Because you’re asked to designate beneficiaries on so many different accounts and insurance products, it can be difficult to keep up. However, it’s worth the effort; failing to maintain the beneficiary designation on that 401(k) from three employers ago could mean money will go to the wrong place. When you first set up your estate plan, go over all the designations you previously made and align them with your plan. After that, you should review and update them regularly – a least once a year. 10 tips about beneficiary designations Because beneficiary designations are so important, keep these things in mind in your estate planning: 1. Remember to name beneficiaries. If you don’t name a beneficiary, one of the following could…

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