Spector Law Group - June 2020

410-321-6200

www.spectorlawgroup.com

June 2020

Medical Malpractice | Nursing Home Negligence | Auto Accidents

Listening in a World of Change

Celebrating the Skill of Listening as a Father

When I think of fatherhood, there are naturally two people I need to acknowledge right away — not just because it’s the right thing to do, but because they’ve both been incredible listeners and modeled the values of fatherhood. My father and father-in-law both have an awesome work ethic and were always able to balance their time with family and work well. While they have different backgrounds, they have both really honed their skill of listening to people. My dad worked as an attorney, and my father- in-law worked at IBM and also ran a bar. Whenever he worked at his bar, he’d befriend the patrons there. In their own respective ways, my father and father-in-law really value the perspectives and experiences of other people. They’re able to communicate well because of how good they are at listening. As a dad myself, I’ve realized that listening is a skill that I’ve been honing lately through this quarantine. Working and being with my kids every day has been a massive blessing but also a challenge. I’m learning, on a day-to- day basis, what a new work-life balance will look like for me. Being more accessible to my kids throughout the day means I’ve had to be a little more fluid about how I spent my time with work and family. I think my relationship with my kids has evolved through that. Many parents may have the experience of being the “fixer” at work, and they think that they’re supposed to be the fixer at home all the time too. As an attorney, I’ve definitely had that experience! It’s important to me to listen to clients’ diverse issues and put together solutions to resolve them and get the best possible outcome. But at home, my kids don’t always want a fixer. Sometimes, they just need a dad and someone who wants to listen. They just want my support while they figure things out on their own.

My father and father-in-law have always made themselves available just to listen to me. They always gave me great guidance when it came to understanding my issues and how to fix them. Though, through my recent experiences, I realize that you can’t really offer that guidance if you’re solely fixated on solutions. Not all fixes complement the person’s emotions, after all. It’s incredibly helpful to be in sync with the person and to understand the kind of help they’re looking for. This time has been taxing for the whole country, but I’ve found many silver linings in lessons learned during this period of isolation. As life begins going back to normal, our family routines may go back to the way they were before, but I know how we handle them will be different. In my personal and professional life, I’m always going to be a fixer, but I’m going to keep growing as a father and a listener as well. And, when you come to our firm with any of your legal concerns, I want you to know that I’ll be equally focused on listening to your problems as I am on fixing them. I especially want you to know I’ll treat your issues like they were my own family member’s. With that in mind, I’m so grateful for the tremendous influence and guidance of my father and father-in-law. Maybe, one day, my kids will know the big effect they’ve had on my own approach to fatherhood too.

DON’T KEEP US YOUR BEST KEPT SECRET!

Refer us to your family and friends! Call our office at 410-321-6200 or visit our website SpectorLawGroup.com.

Have a wonderful, safe June everyone. Happy Father’s Day!

-Yale Spector

www.SpectorLawGroup.com | 1

Published by The Newsletter Pro • www.newsletterpro.com

ABOUT TO RETIRE? CONSIDER THESE LOW-RISK, HIGH-RETURN INVESTMENTS

As you age, it’s wise to make some changes in order to stay healthy, like your diet or your workout routine. Likewise, your portfolio should be adjusted to reduce risk and protect your financial health. After a bad turn in the market, it can take up to a decade to make your money back. If you want to retire in the next five years, then can you really afford that risk? Reducing your risk doesn’t necessarily mean missing out on high-return investments, though. Here are some low-risk, high-return investments to consider adding to your portfolio as you approach retirement. PEER-TO-PEER LENDING Otherwise known as P2P lending, this investment takes place online. Borrowers are matched with investors for loans that benefit both parties — lending without the bank. Your risk and potential returns depend entirely on which loans you choose to invest in. The two most popular P2P lending platforms are Lending Club and Prosper, and you can start investing in either platform with as little as $25. REAL ESTATE INVESTMENT TRUSTS When you invest in real estate investment trusts (REIT), you’re investing in mortgages or direct equity positions in various properties. When the stock market is in decline, REITs are a good investment because they’re not corrected with stock exchanges. Plus, their yield is usually higher than the dividends investors get from stocks.

FIXED INDEXED ANNUITIES When it comes to low-risk, high-return investments, fixed indexed annuities (FIA) are the most attractive option for retirees. In 2018, renowned economist professor Roger Ibbotson conducted research into the return history of inflation, U.S. Treasury bills, government bonds, FIAs, and stocks. Unsurprisingly, stocks offered the highest returns historically, but Ibbotson was surprised to find FIAs came in second, beating out bonds and conventional wisdom.

Historically, these investments have produced great returns for individuals who are in retirement or who are about to retire. However, remember that everyone’s circumstances are different. Before making any changes to your portfolio, talk to your financial planner about your options. TIMES THE OLYMPICSWERE CANCELED And the Postponement of the 2020 Tokyo Games

In late March, amid the global spread of COVID-19, the International Olympic Committee announced the postponement of the 2020 Olympic Games. They were slated to take place in Tokyo, Japan, this summer, but they will now happen in the summer of 2021. While this is an unprecedented decision, it’s not the first time that major global events have affected the Olympic Games or which countries participated. Since the inception of the modern Olympic Games in 1896, they have been outright canceled three times — 1916, 1940, and 1944. The first cancellation of the Olympic Games happened duringWorldWar I. The German Empire was supposed to host the games in Berlin, but by the time 1916 rolled around, Europe was deep in the trenches of WWI. Many nations had sent their athletes to fight in the war, so the games were canceled.

WorldWar II caused the next two cancellations. The 1940 Olympics were initially scheduled to be held in Tokyo. It would have been the first time the games were hosted by a non-Western country, but Japan forfeited the right to host when they invaded China in 1937. The games were then rebooked for Helsinki, Finland, but after Nazi Germany invaded Poland in 1939 and startedWWII, those games were scrapped as well. Since the fighting hadn’t ceased by the time the games were supposed to happen in Cortina d’Ampezzo, Italy, in 1944, the Olympics were canceled again. Though the Olympics have happened on schedule since the end of WWII, the United States has not always participated. In 1980, when the U.S. boycotted the Olympics that were held in Moscow, Russia, in protest of the Soviet Union’s invasion of Afghanistan, 64 other nations followed suit. However, those games still went on as planned and 80 countries participated. The fact that major global conflicts are the only other events that have been catastrophic enough to affect the Olympics might be distressing and elevate anxiety about our current global health crisis. However, it’s important to keep in mind that the Olympics have only been postponed this time, not canceled. We’ll still get to cheer on our favorite Olympians next year.

2 | 410-321-6200

Published by The Newsletter Pro • www.newsletterpro.com

TAKE A BREAK

TURN YOUR VACATION INTO A STAYCATION

3 Ways to Replace a Canceled Vacation

Vacations provide opportunities for families to spend time together in a relaxed environment, get away from the routines of everyday life, and create meaningful memories. If you’ve recently had to cancel a trip but still want to create the experience of a vacation for your family, then a staycation is just what you need. TRANSFORM YOUR BACKYARD When you’re trying to recreate a vacation, the outdoor areas of your home present a variety of possibilities. You can turn a sandbox into a relaxing beach, complete with a kiddie pool “ocean.” If you have trees, then set up a zip line or obstacle course. You can even stimulate summer brains with a scavenger hunt around the backyard with hidden clues in the dirt or bushes. The ultimate prize can be something you would have purchased on your original vacation, like a souvenir you can find online. CREATE A ‘FAMILY MUSEUM’ Many vacations include an educational aspect in order to enrich our understanding of the place we’re visiting, and museums are a great way to accomplish that. If you’re confined to the house, then teach your kids about your own knowledge and interests and encourage them to get creative and make their own contributions, too. Have everyone create art, take photos, or write about their prized possessions. Display these masterpieces around your home and let their creators take you on a tour. Learning more about one another builds meaningful bonds. BRING YOUR TRIP HOME You probably chose your original vacation destination in order to experience new and different cultures and activities. But just because you’re no longer traveling to that location doesn’t mean you can’t experience some of what it has to offer! Research popular local cuisine, activities, and history of the area, then create ways to experience them with your family. Cook a traditional meal, recreate a scenic location through photographs, or share a story about local lore and history. Your changed plans will no longer feel like a missed opportunity. Staying at home doesn’t mean your family can’t have the fun of a vacation. All it takes is a little creativity and innovation to build an experience that will bring your family closer together.

GRILLED BASIL CHICKEN AND TOMATOES

Inspired by TasteOfHome.com

You can’t go wrong with grilled chicken and tomatoes on a warm summer’s evening. It’s a simple recipe that packs a flavor punch.

Ingredients

2 tbsp olive oil

1/4 cup tightly packed fresh basil leaves

1 clove garlic

8 Roma tomatoes

1/2 tsp salt

4 boneless skinless chicken breast halves (4 oz each)

3/4 cup balsamic vinegar

Directions

1. For marinade: In blender, combine olive oil, garlic, salt, vinegar, and basil. Cut 2 tomatoes into quarters and add to mixture. Cover and process until blended. Halve remaining tomatoes for grilling.

2. In bowl, combine chicken and 2/3 cup marinade. Cover and refrigerate for 1 hour. Reserve remaining marinade.

3. Heat grill to about 350–400 F. Lightly oil grates. Grill chicken until internal temperature reads 165 F, about 4–6 minutes per side. Grill tomatoes until lightly browned, about 2–4 minutes per side. Discard remaining marinade.

4. Serve chicken and tomatoes with reserved marinade.

www.SpectorLawGroup.com | 3

Published by The Newsletter Pro • www.newsletterpro.com

PRST STD US POSTAGE PAID BOISE, ID PERMIT 411

410-321-6200 www.SpectorLawGroup.com PO Box 1101 Cockeyville, MD 21030 INSIDE THIS ISSUE

Follow Us on Social Media & Download THE L.A.W. TRUCK® App

1

Listening in a World of Change

Best Investments for Retirees Have the Olympics Ever Been Postponed Before?

2

Grilled Basil Chicken and Tomatoes 3 Enriching Staycation Ideas

3

4

Help Local Nonprofits in Challenging Times

THE BEST WAYS TO HELP LOCAL NONPROFITS IN CHALLENGING TIMES

VOLUNTEER

Over the past several months, families, businesses, and nonprofits have had to navigate life in this challenging “new normal,” and it can be hard to support your favorite nonprofits when times are tough. Here are a few ways you can help these important entities, even when you don’t have resources to spare right now.

In a time of social distancing, volunteering may be discouraged, but nonprofits still need volunteers to operate. The good news is that many nonprofits need volunteers for positions that maintain social distance, such as driving. Food banks and kitchens need drivers to pick up donations or ingredients from donors and to deliver food to people in need, such as the elderly or those with disabilities.

DONATE

While many people donate generously during the holiday season, remember that nonprofits need donations throughout the year, and different nonprofits need different things. A monetary donation can often go a long way, but never feel obligated to give money, especially when your budget may be tight. Instead, consider cleaning out your closet. What clothes, shoes, or other accessories can you part with? What about dishware or small appliances? When you clean out your home and donate unused items, you benefit those in the community who need them most.

ADVOCATE

Even if you don’t have time or resources to give, you can become an advocate for important causes around your community. While it might not seem like much, sharing information about local nonprofits on social media can make a genuine difference. Nonprofits need exposure, which is greatly boosted through community support. Sharing useful information about nonprofits — or sharing their posts — increases their visibility so more people will take action.

4 | 410-321-6200

Published by The Newsletter Pro • www.newsletterpro.com

Page 1 Page 2 Page 3 Page 4

www.spectorlawgroup.com

Made with FlippingBook Annual report