As you fill out your 2020 Census form…
It’s a question spouses, domestic partners and roommates are going to be forced to confront in the next few weeks as they fill out their 2020 Census forms: Who gets to be the primary person in the household? Everyone else who lives in the home has to be identified on the form by how they are related to so-called “Person 1.” It’s a question that even the most egalitarian homes are ... READ MORE
Be a skeptical consumer during pandemic
Whether dealing with snake oil products, phishing scams, price gouging or cancelled travel arrangements, it is a difficult time to be a consumer. Scammers and their schemes change daily. As a consumer, how can you protect yourself? Here are some of the more common scams circulating together with the virus. First, know that there are no approved potions, pills or treatments to cure... READ MORE
How virus affects your investments
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
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
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
‘Retirees’ are busier than ever
As Winston Churchill once said, “We make a living by what we get, but we make a life by what we give.” Older adults in Baltimore and beyond are more active than ever, and some are devoting their later years to giving back to their communities. Studies confirm that Americans over 62 are waiting longer than previous generations to retire. What’s more, many who do retire aren’t... READ MORE
What do you know about financial fraud?
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
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?
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
How online stores trick you into buying
Sale ending soon! Only two left! This is a hot item! If you’ve shopped online, you’ve probably seen those messages. What you may not realize: They’re designed to make you spend more. Online stores have adopted tricks used for years by infomercials and home shopping networks. The only difference now: Online stores are trying to get you to click the buy button. After reviewing... READ MORE
Money 2026
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