Monday, June 27, 2022

Business Spotlight

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.


The Real Estate Connection

Marc Stein, originally from Highland Park, NJ, moved to Teaneck at age 15. He is a graduate of TABC and CUNY Baruch College where he majored in Marketing/Management. He eventually discovered he had a strong passion for real estate and became a licensed broker who has been working in Bergen County for over 11 years. He specializes in first-time New Jersey home


Gildin Named Among Top 40 Effective Fund Raising Consultants

Teaneck—Norman B. Gildin, President, Strategic Fundraising Group LLC, has been named among the top 40 effective fund raising consultants in the country. The announcement was made in Fundraising Digest Weekly, a weekly newsletter of Fundraisinginfo.com, a source for fund raising research that reports on philanthropic news in the U.S. and around the


Local Banker vs. Mortgage Banker

There are two misconceptions regarding local banks versus mortgage banks. First, people think mortgage banks have lower rates than local banks. Second, they assume local banks provide better service than mortgage companies. While in many cases these may be true, you may find the opposite as well.

I often field calls from people asking me to quote an interest

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