Norman Lear’s work was an integral part of American life in the second half of the 20th Century. Television programs like Maude, Sanford and Son, and The Jeffersons dragged television out of the 1950s and into the real world. As Variety states: “Lear’s shows were the first to address the serious political, cultural and social flashpoints of the day – racism, abortion, feminism, homosexuality, the Vietnam war – by working pointed new wrinkles into the standard domestic comedy formula. No subject was taboo: Two 1977 episodes of All in the Family revolved around the attempted rape of lead character Archie Bunker’s wife Edith.”
All in the Family, which ran on CBS from 1971 to 1979, typified the clash of generations. Middle-aged bigot Archie Bunker – played by Carrol O’Connor – was a right-wing King Lear in Queens, raging at the radical changes in society. Archie didn’t let ignorance get in the way of his opinions; once he argued that people who lived in communes were communists. The thing is, the old dog was actually capable of learning new tricks. Archie never evolved into any kind of saint. But over the nine seasons "Family" aired, experience taught Archie the benefits of listening to (and respecting) viewpoints far different from his own.
All in the Family was the jewel in Lear’s crown, but don’t forget the highly popular shows One Day at a Time (which featured Bonnie Franklin as a divorcee raising two daughters in the Midwest) and Mary Hartman, Mary Hartman (with Louise Lasser as the titular figure in a parody of soap opera conventions). Good or bad, Lear’s work was never indifferent.
More recently, you may have heard about Lear’s lively activism. His TV shows were themselves arguments for free and unfettered speech, and Lear supported a slate of liberal causes. In 1981 he founded People for the American Way. The organization’s website describes the ways that PFAW has “engaged cultural and community leaders and individual activists in campaigns promoting freedom of expression, civic engagement, fair courts, and legal and lived equality for LGBTQ people.”
Lear’s life was a long and fulfilling one. In 1978 he was given the first of two Peabody Awards, the most prestigious award in television. “To Norman Lear,” it reads, “...for giving us comedy with a social conscience. He uses humor to give us a better understanding of social issues. He lets us laugh at our own shortcomings and prejudices, and while doing this, maintains the highest entertainment standards.”
A pioneer, a gadfly of the state, a mensch. To paraphrase a lyric from All in the Family’s theme song, “Mister, we could use a guy like Norman Lear again.”
A Few Financial Tips For All Your Major Life Events
Major milestones can be some of the most memorable, yet stressful moments of your life. First, there’s marriage, then there’s your first home, and then, the kids. Nothing can prepare you for that day when you’re headed out with baby in tow, covered in spit-up, on 4 hours of sleep, and you’re not going to make it to work on time. Through the excitement, your finances can get lost in the shuffle. While most people agree that money is important, they don’t take the time to get help to plan for their future. Enter LearnVest: one of the top-line financial planning services that can better prepare you for these major life events. Here are some of the tips they suggest to offer some help.
1. Moving in together. Whether you’re moving in with your significant other or finally tying the knot, a discussion on how you and your partner plan to share bills and bank accounts is a must, even if it’s awkward. Your combined financial situations will determine the best direction. For example, you can share a joint checking account for expenses and keep separate accounts for your discretionary funds or savings. Couples who are financially equal may both put 50% of their earnings in the shared account, but those who don’t earn the same may want to contribute different amounts. Regardless, all couples should discuss their options and agree on a plan before they co-habitate.
2. Time to settle down. Is buying a home on your wish list? You’ve made it to your next big step -- buying a home. Aside from the down payment, taxes, lawyers, closing costs, insurance, real estate brokers, emergency funds, and electricity are just some of the costs you’ll need to confront as a new homeowner. Some people will do a trial mortgage, when they pretend to make a monthly mortgage payment for a few months to see if they can handle the expense. However, the best way to prepare yourself is to make sure you have an emergency fund. Once you own your home, you are responsible for repairs and maintenance. An emergency fund will help save you from credit card debt.
3. Daycare is the new college. If you’re planning to have kids you may need childcare while continuing to work. Recently, the increasing costs of childcare compare to a college tuition or mortgage payment. The good news is there are some tax savings that can help you save. Ask your accountant if you qualify for the Child and Dependent Care Credit, which may include anywhere from 20% - 35% of your childcare costs (with a cap of $3,000 per child and $6,000 for more than one child). Also, sign up for a Daycare Flexible-Spending Account to set aside pretax dollars to pay for daycare expenses (maximum annual contribution is $5,000).*
4. Building the nest egg. With so many investing options, how do you know what’s best for you? Let’s look at both the IRA and Roth IRA. Whichever one you choose will depend on your taxable income and age to determine if you need a tax break now or later. If you are young and don’t need the tax break now, you’ll likely choose a Roth IRA; the contributions can potentially grow over time and you receive the benefits when you retire.
How LearnVest can help.
Unlike traditional financial planners, LearnVest is a company that wants to make financial planning accessible and affordable to everyone. They do this with a suite of online tools and financial planners for the modern too-busy-for-life person. LearnVest prioritizes your financial planning based on three foundations: getting out of debt, establishing an emergency fund, and preparing for retirement. From there, you can set additional goals and work with LearnVest to achieve them on a realistic timeline. Whether you want help with retirement or want a debt-free vacation, LearnVest will create a customized plan and the instructions to get there. It doesn’t matter what stage you are in your life. Now is the best time to start thinking about your future.
Update:Follow this link to learn more about LearnVest and sign up for a financial plan today.
LearnVest Planning Services is a registered investment adviser and subsidiary of LearnVest, Inc. that provides financial plans for its clients. LearnVest, Inc. is wholly owned by NM Planning, LLC, a subsidiary of The Northwestern Mutual Life Insurance Company. Information shown is for illustrative purposes only and is not intended as investment, legal or tax planning advice. Please consult a financial adviser, attorney or tax specialist for advice specific to your financial situation.
*Figures applicable for tax year 2016