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What Are the Tax Advantages of Living in Nevada?

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You no doubt have heard about the tax benefits of a Nevada address, but it still can be a shock to the system, in a good way, to live where no state income taxes come out of your check. There are also other tax advantages that come with dwelling or doing business in the Silver State. Here they are, as well as a look at countervailing factors.

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The Fed hikes interest rates by 0.75 percentage point for second consecutive time to fight inflation

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the staff of the Ridgewood blog

Washington Dc, the Federal Reserve announced another steep interest rate hike Wednesday, ramping up its efforts to bring inflation down from four-decade highs.

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Woman at the Center of the “Homeless Man Gives His Last $20” GoFundMe Scam Sentenced One Year and One Day in Prison

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the staff of the Ridgewood blog

Bordertown NJ, Katelyn McClure the poster child for GoFundMe scams is looking at a one year prison sentence for admitting her role in a scam that raised $400,000 using a fake story about a homeless man paying for her gas .

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1 in 3 New Jerseyans cannot correctly identify common health insurance terms

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  • Interactive map included showing health insurance literacy across America.

the staff of the Ridgewood blog

Ridgewood NJ, when it comes to purchasing health insurance, phrases and acronyms such as UCR, POS, or HMO can be complex, and it’s easy to get confused if you’re not certain what you’re covered for. Of course, reading the fine print is one part of the challenge, but understanding it is crucial. Law firm Duffy & Duffy, conducted a survey (3,251 respondents) to establish in which states people are the most and least literate when it comes to health insurance terminology.

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Federal Regulators Fine Bank of America $225 Million Over Botched Disbursement of State Unemployment Benefits at Height of Pandemic

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the staff of the Ridgewood blog

Washington DC, the Consumer Financial Protection Bureau (CFPB) fined Bank of America $100 million for botching the disbursement of state unemployment benefits at the height of the pandemic. Bank of America automatically and unlawfully froze people’s accounts with a faulty fraud detection program, and then gave them little recourse when there was, in fact, no fraud. Today’s order requires Bank of America to undertake a process that is estimated to result in hundreds of millions of dollars in redress to consumers. In a separate order, the Office of the Comptroller of the Currency (OCC) is also fining the bank $125 million.

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A Closer Look at How Investors Grow Their Wealth

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Do you want to be a millionaire? It’s not an impossible dream – in fact, with the right investment strategy, it’s well within reach. In this blog post, we’re going to take a closer look at how investors grow their wealth. We’ll discuss different investment options and how to choose the right one for you. So if you’re ready to start building your fortune, keep reading!

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Shorting Tether and Looking for a Bottom on Crypto

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the staff of the Ridgewood blog

Ridgewood NJ, a recent Twitter thread compares the last bearish phases in the crypto market to the current situation to see if the bear market has reached its bottom yet. It presents data from previous bear market bottom zones with metrics. BTC (Bitcoin)has always bottomed at around 70-85% from its top price except for the drawdown in 2011. It is still far too soon to tell if the market has reached the bottom yet. The current macroeconomic situation makes everything more uncertain.

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Crypto Billionaire Warns : Some Crypto Exchanges Already “Secretly Insolvent”

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the staff of the Ridgewood blog

Ridgewood NJ, Sam Bankman-Fried (SBF), the billionaire founder of FTX, believes that many third-tier exchanges are already secretly insolvent. SBF has been issuing cash infusions to save crypto companies from collapsing. The lack of regulations around crypto exchanges has made many exchanges vulnerable to scammers and hacks. FTX remains profitable and has been so for the past 10 quarters. SBF is not worried about Tether, saying that there is no evidence to support the bearish views around the stablecoin.

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How to Write a Check? 10 Questions About Filling a Check

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Although writing a check is much easier compared to different document writing, like composing a CV or a cover letter – where you need to use services like Grammarly or WOW Essays – it is still quite a complicated procedure with its nuances. In this article, we will briefly explain the basic principles of filling out a check and try to answer the most common questions regarding this topic.

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Former Head of Corporate Communications of New Jersey-based Biopharmaceutical Company Admits Insider Trading

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the staff of the Ridgewood blog

Newark NJ, the former head of corporate communications for a biopharmaceutical company today admitted her role in an insider trading scheme, U.S. Attorney Philip R. Sellinger announced.

Lauren S. Wood, 33, of Washington, D.C., pleaded guilty before U.S. District Judge John Michael Vazquez to an information charging her with securities fraud. Stemming from the same alleged conduct, Usama Malik, also of Washington, D.C., was previously charged in a three-count indictment with insider trading, securities fraud, and securities fraud conspiracy.

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What Are the Different Types of Life Insurance?

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Life insurance is pretty simple at first glance. It’s a policy you purchase and continue to pay off until your death. Upon your death, your beneficiaries receive a payout. However, there’s more to life insurance than meets the eye. In fact, there are lifestyle factors that affect your fitness for certain policies and multiple types of it, other than what was just described. Each of these policies are vastly different from each other. In this article, we’ll be going over the different types of life insurance and how they work.

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New Jersey Bureau of Securities Announces the Launch of the Annual Examination of Investment Advisers

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the staff of the Ridgewood blog

Ridgewood NJ, Acting Attorney General Matthew J. Platkin and the Bureau of Securities (“the Bureau”) within the Division of Consumer Affairs today announced the release of the Bureau’s Annual Investment Adviser Examination.

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In the largest increase since 1994, Fed hikes its benchmark interest rate by 0.75 percentage point

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the staff of the Ridgewood blog

Washington DC, the Federal Reserve announced Wednesday it would hike interest rates this month at the fastest pace in nearly 30 years after a discouraging May surge in inflation.

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Wholesale Prices Rose at a Near Record 10.8% Annual Rate

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the staff of the Ridgewood blog

Washington DC, the Producer Price Index (Wholesale Prices) for final demand increased 0.8 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.4 percent in April and 1.6 percent in March.

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Useful Debt Consolidation Tips From the Pros

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There are many reasons why people find themselves in debt. It can be tough to keep up with monthly payments and juggle different debts from different creditors. If you’re struggling with debt, you’re not alone. In fact, according to a 2018 report from the Pew Charitable Trusts, more than 4 in 10 American adults have an obligation that they are currently paying off. If you’re struggling with debt, consolidation may be a good option. Debt consolidation is when you take out a new loan to pay off multiple debts. This can be an excellent way to get a lower interest rate, simplify your monthly payments, or both. This article will provide some valuable tips on consolidating your debt from professionals.

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