MADISON—According to the quarterly consumer survey by Fairleigh Dickinson University’s Silberman College of Business, 63 percent of New Jerseyans have lost a job or have a friend or relative who has lost a job in the past year, up nine points from January.
The idea of someone being “retired with children” may seem like the seed of another television sit-com or reality show. But the fact is that it’s becoming more and more common for older people to have minor children in their care — whether by bringing new children into the world, taking over the care of grandchildren or adopting children who need nurturing parents.
If you’re age 25 or older, pay Social Security taxes and are not yet receiving monthly benefits, you should get an automatic Social Security Statement in the mail each year about two to three months before your birthday. The Statement is a valuable tool to keep track of your annual earnings, as well as to help you plan your financial future.
By Ellen Zwierzynski Social Security District Manager in Elizabeth It’s been only a year since Social Security’s Retirement Estimator went online, but you’d never know it based on the praise it continues to receive from users. It was rated the…
“If it sounds too good to be true, it probably is.”
How many times have you heard that expression? Even in favorable economic times, otherwise cautious people can be duped by get-rich-quick schemes or investments that promise unrealistic returns. But when times get hard, folks increasingly fall for these scams in their quest to make ends meet.
There’s a lot you can do at Social Security’s website, and it’s easy to locate — just go to www.socialsecurity.gov. You can estimate your retirement benefits, find out what kinds of government benefits you might qualify for and even apply for benefits online.
Reverse mortgages have become a popular option for seniors who would like to reap some of the benefits of the equity they have accumulated in their homes. However, it’s important to be aware of both the advantages and drawbacks to these loans.
ISELIN – Richard Vidal was appointed vice president and consumer loan director of Indus American Bank, the leading bank for the South Asian-American community.
FLORHAM PARK—With the current state of the economy, many people are looking for ways to cut back on spending, including reviewing their insurance coverage. The AAA New Jersey Insurance Agency warns against falling into an underinsured trap when trying to save money.
One of the unfortunate consequences of a bad economy is a stream of liquidation sales, where retailers slash prices to unload merchandise before going out of business. Consumers can find some great bargains at these sales, but there are pitfalls to avoid in order to get a good deal.