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.
The New Jersey Society of Certified Public Accountants (NJSCPA) offers tips on how to avoid being scammed:
MOUNTAINSIDE — With 2009 nearly half over, the Internal Revenue Service reminds New Jerseyans that there is no better time to check their 2009 federal income tax withholding levels to make sure they do not face any surprises when returns are due next spring.
As people grow older, many will choose to continue living on their own or may decide to move in with family. However, some will prefer to reside with people closer to their own age or will, by necessity, need to live in a facility that can cater to their changing medical needs. What should you keep in mind if you must choose an eldercare facility for yourself or a loved one?