Money

How To Catch A ‘Phish’

Jason Alderman

Their names may sound funny but their financial consequences are not: “Phishing,” “smishing,” “vishing” and “pharming” are just a few of the ways criminals gain access to personal information via your computer or smartphone.

Should Governments Use Eminent Domain to Acquire Underwater Mortgages?

In an unprecedented move, a group of venture capitalists out of San Francisco hopes to convince county and local officials in California to use the power of eminent domain to seize control of private residential mortgage-backed securities with the intent of cutting the principal balances of negative-equity borrowers.

Bill Ease Restrictions On New Jersey’s Microbreweries & Brew Pubs Advances

TRENTON – Bipartisan legislation to revise restrictions on New Jersey’s microbreweries and brewpubs and make it easier for them to offer their product to the public and enhance their appeal as tourist destinations was released this week by and Assembly panel.

Dimon In The Rough: How Wall Street Aims To Keep U.S. Regulators Out Of Its Global Betting Parlor

The Commodity Futures Trading Commission, the main regular of derivatives (bets on bets), wants to extend Dodd-Frank regulations to the foreign branches and subsidiaries of Wall Street banks.

‘Innocent Spouse Relief’ Protects Against Tax Fraud

Jason Alderman

I’ll wager that when most brides and grooms utter the phrase, “For better or for worse,” the “worse” they’re imagining probably involves situations like getting laid off or a prolonged family illness – not being the victim of tax fraud perpetrated by a current or former spouse.

U.S. Household Net Worth Fell Sharply Between 2005 & 2010

WASHINGTON, D.C. — U.S. median household net worth declined 35 percent between 2005 and 2010, from $102,844 to $66,740 (in 2010 constant dollars), according to a data released today by the U.S. Census Bureau. That means half of all U.S. households had a net worth greater than $66,740 in 2010, while half had a net worth of less.

This Father’s Day, Teach Your Kids To Manage Finances

Jason Alderman

As parents, we hope we’re doing a good job raising our children – teaching them right from wrong, instilling the desire to learn and demonstrating how to manage money responsibly. But what if they see us preaching one behavior while practicing another? What’s to stop them from following in our sometimes misguided footsteps?

Committee Advances Bill Providing Income Tax Deduction For College Savings Plan Contributions

TRENTON – Legislation sponsored by Senators Barbara Buono and Shirley Turner to provide residents who save for their children’s college education through a state-administered college savings plan with a state income tax deduction for their investments was unanimously approved by the Senate Higher Education Committee yesterday.