Six out of ten American’s will make some type of financial-based New Year’s resolution for 2022. Usually, there is a triggering event like receiving your December 2021 credit card bill or spousal pressure to name two. Follow these tips for improved financials in 2022: Consolidate Financial accounts: Consider closing 1 or 2 existing financial accounts that you are not tracking…read more →
Year-end is a time when many people, myself included, review what happened, how did I do versus my goals, investment returns, etc. Just like you might want to review your bank accounts, now is a good time to review your hotel and airline travel points and miles balances. My Top 5 Travel to do Tips Before January 1st, 2022: Check…read more →
Stay a step ahead of cybercriminals this season by being aware of these scams.
As we enter the post-Thanksgiving holiday season, I was thinking about what I am thankful for. In addition to good health, my family, and friends, I am thankful to “The Wave” for giving me the opportunity to create “The Financial Wave” column back on May 1st, 2020! I saw a piece on the news this week that people are feeling…read more →
You will be hearing about inflation frequently during this holiday season. The current administration forecasted a 2% inflation rate. The Consumer Price Index numbers were just released, and from October 2020 to October 2021 the inflation rate was 6.2%! This is the highest increase in the last 30 years! My friend Jay (originally from New Jersey) was in town from…read more →
Last weekend, President Biden’s $1.2T infrastructure bill passed, in a bipartisan Senate and House of Representatives. This bill will have a disproportionately positive benefit for New York and Rockaway in particular! There is an old saying, “the squeaky wheel gets the oil,” and this is what is going to happen with New York since we have more infrastructure needs than…read more →
The Social Security Act (SSA) was signed into law by then-President Theodore Roosevelt on August 14th, 1935. In addition to several provisions for the general welfare, the new Act created a social insurance program designed to pay retired workers aged 65 or older, a continuing income after retirement. As per SSA.gov taxes were collected for the first time in January of…read more →
Last week, I had the pleasure and privilege of flying to Pittsburgh, PA. to see the Rolling Stones play an outdoor concert at Heinz Field, home of the Pittsburgh Steelers! I flew from LaGuardia to Pittsburgh (a 1-hour flight) and my best friend Jay, from Lehigh University (who lives in Bel Air, Maryland) picked me up at the airport and…read more →
FAFSA is defined as the Free Application for Federal Student Aid. October 1st, is when the FAFSA $$$$ floodgates just opened for 2022. There is much confusion on FAFSA, what it is and how it works. Sometimes, I think the colleges prefer it that way. Let me shed some light on the subject. Reasons for your college bound student (and…read more →
Now that the fall is here, it is a good time to tighten up your budget before the holiday spending splurge! Christmas and Hanukah shopping can get out of hand if you let it. Heed these money-saving tips to avoid overspending: Consider Installing LED or CFL Lights Where Possible: New lighting technology has come a long way the past decade. …read more →
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