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?
BERKELEY, Calif. – By now you’ve probably seen countless articles offering helpful tips on how to cut costs and save money in a recession: Bring your lunch to work! Change your own oil! Cut your own hair!
During the current economic recession, many have lost their jobs, seen their credit lines cut or experienced other serious financial misfortunes. When the bills pile up and times become desperate, many people begin to question whether declaring bankruptcy is a viable option for them.
UTICA, N.Y.—Most Americans, 75 percent, don’t believe CEO and CFO’s statements about the outlook of the financial position of their companies are credible because they are reluctant to detail the real problems facing their companies in the current economic environment, according to a Zogby 463 Interactive survey.