New Jersey minimum wage will rise to $16.48 in 2027
The New Jersey Department of Labor and Workforce Development announced the new rate Tuesday, Sept. 29. The annual adjustment is tied to changes in the federal Consumer Price Index, a measure of inflation. Different wage requirements apply to certain groups of...
Financial planning isn’t just about investing
By T. Eric Reich When most people hear the words “financial planning,” their mind goes straight to investments. What stocks should I own? Is the market too high? Did my account beat the market this year? Those are all fair questions, and investing is...
Life insurance can be a useful tool
Life insurance: you need it or you don’t. It’s that simple, right? Well, not exactly. There are countless uses for life insurance that I’ve seen over the years, and a few times when it really wasn’t needed. Today, we’ll talk about the uses of life insurance and what...
Manage your finances with a September reset
With summer winding down, September offers a chance to reset and refocus. There is a “back-to-school” feeling as we settle into new routines. It can feel like a mini–New Year, so it’s a great time to get a jump on your finances for the actual new year. This can help...
Should you name your adult child as trustee?
When people sit down to set up a trust, naming one of their adult children as the trustee, or worse, co-trustees, often feels like the obvious choice. They’re family, you trust them, and frankly, they’ll do it for free. I understand the appeal. But over...
