Deciding whether or not to get life insurance can be tricky. Especially if you don’t know much about what a life insurance policy can mean for you or your family. Luckily we’re here to help and explain why you should think about getting life insurance.Ā
Continue reading 4 Reasons Why You Should Consider Getting Life Insurance
photo by Boyd Loving
the staff of the Ridgewood blog
Ridgewood NJ, the stock market had been predicting that the Biden Administration would call for a 28% capital gains tax, so when the word came out last week that he wants a 43% capital gains tax, it triggered a stock sell off.Ā A share of stock is simply worth its after-tax and after-inflation rate of return, so a higher capital gains tax (combined with and a higher corporate tax) translates into lower stock values, by definition.
Continue reading Biden Administration Declares War on Capital
the staff of the Ridgewood blog
Paulsboro NJ, The $100 million company that owns only a single New Jersey deli was delisted from the OTCQB over-the counter market āfor not complying with the rulesā and slapped with a warning label for would-be buyers on Wednesday night, the CEO of the company that operates that market said in a tweet.
Continue reading $100 Million New Jersey Deli Delisted from the OTCQB Over-the Counter Market
Everyone needs to plan for their future, and Roth IRAs are a great way to save for your retirement. There is no immediate tax benefit with a Roth IRA, but you will be eligible for tax-free income after you retire, including on your earnings pre-retirement. With no minimum distributions during your lifetime, you can allow the money to grow until you need it or pass it on to your family tax-free. Roth IRAs are especially good for younger earners who usually have a lower income tax rate than they will when they come to withdraw the funds. With decades still ahead of compound interest, you can make a lot of money if you start paying into a Roth IRA when you are young. Parents can even open an account for their children as there is no minimum age limit.
Life has many challenges some of which you can handle on your own and others that might require professional interventions to resolve. Some issues related to personal injuries at work, head-on collisions, real estate transfers, and acquisition, starting a business, child custody issues, divorce matters, lawsuits, and the aftermath of a grisly road accident all require legal assistance. Lawyers are very important people in our society and they can help us resolve any legal challenge we encounter at any point in our lifetime. It is often argued that lawyers are expensive but failure to involve one can be more costly so always consult one when the need arises. This is why getting the appropriate legal guidance can make your case easier:
Continue reading Why Getting The Appropriate Legal Guidance Can Make Your Case Easier
the staff of the Ridgewood blog
Ridgewood NJ, There is no doubt in peopleās minds that COVID-19 caused economic uncertainty.Ā It strained many Americans financially, but it also provided an opportunity for many to increase their 401k balances.
According to a report from LT Trust detailing the impact of COVID-19 on retirement savings, the average 401K balance increased by 30.8 percent nationally during 2020, and the average employee contribution increased by 6.12 percent. New Jersey saw in increase ofĀ 29.3% .
Continue reading 401K balances Grew in 2020 despite COVID Pandemic Pressures
Retiring early is the dream of many but the truth is that the dream is unachievable unless you carefully plan for your future. Itās not easy planning for your retirement but that isnāt to say that itās impossible. With the right guidance and knowledge, you can have your future set up for you in just a few years.
Continue reading Practical Tips That Will Help You Prepare For Your Upcoming Retirement
the staff of the Ridgewood blog
Ridgewood NJ, you would never know it by what goes on in the state capitol but with April being National Financial Literacy Month and financial responsibility especially important during the COVID-19 pandemic, the free credit score website WalletHubĀ today released its report onĀ 2021ās Most & Least Financially Literate States, as well asĀ accompanying videos, which analyzes financial-education programs and consumer habits in each of the 50 states and the District of Columbia. Hard to believe but New Jersey rankedĀ 5th over all .
Continue reading Study : New Jersey Ranks 5th in Financially Literacy
If you’re starting a new business, it can become challenging trying to understand estimated taxes. Most business owners have enough issues to deal with without having to navigate into IRS grounds. Estimated tax is the technique used to pay tax on income that’s not subject to withholding. In most cases, this affects self-employed individuals. It also includes income from interest, dividends, rent, alimony, or profits from assets’ sales. The scenario is different if you’re an ordinary taxpayer. Typically, you receive salary and wages from your employer and never think about making estimated tax payments. In this guide, you’ll learn everything you need to know about estimated tax payments.
Continue reading A Simple Guide That Will Help You Understand Estimated Tax For Individuals Better
the staff of the Ridgewood blog
Wall NJ, A Monmouth County,Ā man today admitted operating an illegal bitcoin exchange, Acting U.S. Attorney Rachael A. Honig announced.
Continue reading New Jersey Man Admits Operating Illegal Bitcoin Exchange
the staff of the Ridgewood blog
Washington DC, in what appeared to be a signal of change in US policy toward digital assets Federal Reserve Chairman Jerome Powell said on Thursday that Ā prospective digital currencies issued by central banks must accompany cash and other types of money within a flexible payment system.
Continue reading Fed Chair Signals Shift Major Shift in Central Bank Policy Toward Crypto Currencies
By Jim Braun
Jim Braun is president of Tri-State Retirement (www.tristateretirement.com)
Ridgewood NJ, With tax time upon us, one message we keep hearing is that you should file as early as possible.
You may recall that last year there were numerous delays in getting tax refunds after the pandemic caught everyone, including the IRS, off guard. If you have a refund coming, the sooner you file, the sooner that refund will make its way into your bank account.
Continue reading Tax Filing Time Is A Good Time To Look Ahead To Next Year
New Jersey Cybersecurity and Communications Integration Cell
Ridgewood NJ, During tax season, threat actors target taxpayers and their data in order to file fraudulent tax returns, collect refunds, and engage in other identity theft schemes. Threat actors seek out tax information, including W-2 information and personally identifiable information (PII) ā such as Social Security numbers (SSNs), dates of birth, bank account or credit card numbers, and driversā license numbers. They heavily rely on social engineering tactics conducted through email, phone, and text messages. These social engineering scams attempt to appear or sound convincing and authentic in order to trick recipients into disclosing sensitive information or credentials for online accounts. If they can steal a target’s data and identity, they can also steal their tax refund. We share some common tax scams and recommendations to help protect your identity, data, and tax refunds.
the staff of the Ridgewood blog
Ridgewood NJ, Research suggests that financial literacy has been on the decline in recent years*.
In a test of financial knowledge among young Americans, only around one third can answer even four or five basic financial literacy questions correctly.
Continue reading Global Children Financial Literacy Foundation and the “Wesley Learns Book Club”
Continue reading Run on Silver May Collapse Markets Within Weeks
