Renowned realtor Anil Aggarwal has recently completed a successful property flip. Initially listed at $300,000, Anil negotiated the price down to $285,000. After investing approximately $27,000 in renovations, the property is now listed for $349,000. Anil financed the project using his Indexed Universal Life Insurance Policy, allowing him to accessContinue Reading
How Property Taxes Are Calculated In New Jersey, property taxes are determined by multiplying the assessed value of the property by the tax rate set by the local municipality. The assessed value is typically a percentage of the market value, and the tax rate is expressed as an amount perContinue Reading
Predicting future tax rates and the viability of Social Security involves considerable uncertainty, but we can make some informed speculations based on current trends and historical context. Future Tax Rates Likelihood of Taxes Increasing: Social Security Viability Challenges Facing Social Security: Potential Solutions: Personal Financial Planning Considerations Given these uncertainties,Continue Reading
I was at Wendy’s recently, I heard a guy ask for his senior discount. The girl at the register apologized and charged him less. When I asked the man what the discount was, he told me that seniors over age 55 …get 10% off everything on the menu, every day.Continue Reading
The President signed the Inflation Reduction Act into law on August 16, 2022. It contains some valuable tax credits for homeowners. When it comes to taxes, nothing is better than a tax credit since it is a dollar-for-dollar reduction in the taxes you must pay (unlike a tax deduction that onlyContinue Reading
Advantages of index life insurance or Pros of Indexed Universal Life Insurance Indexed universal life insurance (IUL) is getting a lot of interest among those looking for a little investment action with their life insurance protection these days. IUL, also known as equity-indexed universal life insurance, is something of aContinue Reading
1920 Spanish flu came, and then higher taxes. Check picture below1972 Dollar value today is 5 cents.So, inflation and taxes two, never go down OR what you do today, must get impacted by these two on your assets tomorrow.Most park money in 401k or lock it for 40 years leavingContinue Reading
Residential property taxes are calculated annually for the purpose of raising tax revenue for New Jersey’s local governments, including the county, municipality, and school district. All real property is assessed in New Jersey according to the same standard of value, except for qualified agricultural or horticultural land. This standard measureContinue Reading