How virus affects your investments

By: Anne Kates Smith
Posted on: April 01, 2020

Americans already worried about their health are now frightened about their finances. Global financial markets spiraled into bear market territory in record time thanks to the virulent, cross-border spread of the coronavirus that causes the COVID-19 infection. As the number of U.S. cases surged in mid-March and President Trump declared a national state of emergency, the specter of ... READ MORE

Growing trend in clothes shopping: rent

By: Anne D’Innocenzio
Posted on: March 23, 2020

Renting clothes could be the future of fashion — or it could just be a fad. A growing number of traditional retailers are now offering customers the option to rent clothes for a monthly fee instead of buying them. Bloomingdale’s, Banana Republic and Urban Outfitters are the latest to offer the services. Even footwear chain Designer Brands said it’s considering launching a shoe... READ MORE

Leave grandchildren an annuity as legacy

By: Ken Nuss
Posted on: March 18, 2020

A trust is one way to leave a legacy, but you’ll need to hire a lawyer to draw it up. And there may be ongoing management fees that will reduce the amount your loved ones will receive. There are simpler, cheaper ways to leave a legacy. For instance, you can buy a cash-value life insurance policy or fund a 529 college savings plan. But one of the best options, an income annuity, is... READ MORE

What do you know about financial fraud?

By: Elliot Raphaelson
Posted on: March 16, 2020

Promissory notes and Ponzi schemes are the leading products or schemes that are likely to trap investors in 2020, according to Christopher Gerold, the president of the North American Securities Administrators Association (NASAA). Also on the top five list (based on investor complaints and ongoing investigations) are real estate investments, cryptocurrency-related investments, and... READ MORE

How to reduce taxes when giving charity

By: Jaime Eckels
Posted on: March 10, 2020

When it comes to tax planning, there are few more emotionally charged decisions than those around charitable giving. People tend to see their donations as a vital way to give back to society and to feel connected to a broader community, whether it be on a local, national or even spiritual level. The task of deciding where and how to give has become more important, and more complex, as a... READ MORE

Should you or a pro prepare your taxes?

By: Riley Adams
Posted on: March 09, 2020

For some people, tax season poses little worry, and the process occurs painlessly. For others, preparing taxes is a stressful situation. Imagine handling numerous W-2s, 1099s, navigating new rules and tracking a laundry list of write-offs related to your business, side jobs, real estate holdings or other income sources. While certainly not impossible to do it yourself (DIY) with the... READ MORE