Wednesday, October 16, 2019

Business Spotlight

Student Loans – Reduce Monthly payments and Discharge Debts

In a recent JLBC article we discussed the benefits of the Income Based Repayment(IBR) and Pay as you Earn (PAYE) programs, which help you reduce monthly student loan payments to as little as zero per month. We hope you are now enjoying the hundreds of dollars per month that you were able to save through the program. However, as we did note previously, these payments

The Story of Evergreen Insurance & Risk Management

Rockland County, NY – Izzy Green grew up in the Hasidic community of Rockland County, NY, where he received very little business education. Despite his lack in education, his entrepreneurial nature made him wander into the business world at a very young age. As Mr. Green always says, “Blaming your poor education won’t get

How Whisky Fits In

Whisky retailers lamented when WhiskyFest, an enormous tasting event, was changed from a weekday to a Friday-Saturday event because it meant losing out on a huge part of their market.

Whisky Jewbilee started two years ago in response to the new deficit in tasting events for orthodox Jews. Within just a few weeks, Jewish Whisky Company assembled 32

Low Down Payment Options for Your Home Purchase

It’s a tease. Interest rates are low. Home prices are reasonable. You keep hearing it’s a great time to buy a house. If only the student loans and all your other bills weren’t keeping you from that hefty down payment.

Well fortunately, it’s not as simple as that. It never is. Although most people never even hear of them, there are programs out there

Retirement Planning Diseases: Do You Have These Symptoms?

In 2006, Dr. Gregory Salsbury authored a book titled But What If I Live? The American Retirement Crisis, which identified seven key challenges to the retirement dreams of Americans. These challenges were a combination of fiscal events and social behaviors that Salsbury felt were coming together to create a “‘perfect storm’ for a generation of under-saved

Time To Get “Totally Organized!”

Bergen County—The idea hit two local women, June Aranoff and Rita Cutler, like a bolt of lightning as they talked one afternoon.

June and Rita are Machetunim (Yiddish word for in-laws), and while discussing myriad subjects, including the harried and often overloaded schedules our children currently keep, the inability of young families to

Why You Should Take an Interest in Passive Income

From a financial perspective, the heart of retirement planning is providing passive income. Passive income is income that is not derived from one’s labor. Instead of working to make a living, in retirement an individual’s accumulated assets become the source of income.

In the personal financial services arena, a default source of passive income for

There’s No Such Thing as a Free Lunch

You may have seen advertisements about banks and mortgage brokers offering no-fee loans. The ad promises no closing costs. Sounds good, maybe too good….

The reality is a no-fee loan doesn’t make a whole lot of sense. There are costs that need to be accounted for. First off, you need an appraisal, a process done by an independent appraiser. Then there are

Local Therapy Center Expands Offerings

Teaneck—The Therapy Gym, a local center for children-oriented physical and occupational therapy of all sorts, added speech therapy to their list of offerings last month. The gym, which is coming up on its second anniversary, is co-owned by Elisheva Fuchs and Bret Rickard.

“The main goal is to make sense of your environment in order to able to

Sandpiles, Luck and Logic: The Bak–Tang–Wiesenfeld (BTW) Sandpile

Remember going to the beach as a kid and making a sandpile? Scoop by scoop, you kept adding sand to the top of the pile, trying to add height. But sometimes, the next scoop would result in an avalanche. Did you ever wonder which scoop caused the avalanche, and why?

Well, even if you weren’t this inquisitive as a kid, some people are. In 1987 three physicists,

Making Sense Of Life Insurance Company Report Cards

With the steady move away from employer pensions to Defined Contribution retirement plans, such as 401(k)s, more retirees are faced with the question, “How do I make my savings last as long as I live?” One of the possible responses may be to purchase an individual annuity from a life insurance company.

While the features of an individual annuity may be

Don’t Trust Your Auto Insurer

This is the time of year when where we forgive all those who may have mistreated us. We hopefully begin the year clean of our sins, and trust that our friends will be there for us when life offers the most serious of challenges. Unfortunately, without warning and in the blink of an eye, a life can be taken or irretrievably altered as a result of an auto accident.