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Tuesday, October 24, 2017

Business Spotlight

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

The Enduring Value of an Inheritance

“Someone’s sitting in the shade today because someone planted a tree a long time ago.”

– Warren Buffett

Here’s an ironic observation: While our life expectancies have increased, our perspectives on time have shortened, particularly in regard to prosperity, wealth accumulation and inheritance.

Two hundred years

White, Yellow, Pink and Green Gold. Are They All Worth The Same Amount?

People always ask if the different colors of gold have the same purity and value. The simple answer is yes. Now we will try to explain how they get their unique colors and what makes them different.  It mostly has to do with the other metals alloyed with the gold while it is being processed.

Any form of gold other than pure gold (24k) is alloyed with

Shia Getter: The Go-Getter In Israeli Real Estate

Most of us who have relatives or friends living in Israel or looking to live in Israel have their “war” stories about buying a home there. The perfect example is my neighbor, who is still waiting for his new apartment in Jerusalem to be ready, a mere seven years after he put down his first deposit. They still don’t know when they will be able to move in