‘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
Beware of potential 2020 Census scams
Unfortunately, scams have become a persistent problem when the U.S. Census Bureau does its once-a-decade count of the U.S. population. Here’s what you can expect from the 2020 Census in the coming weeks, and how you can protect yourself from potential scams. Census forms coming soon In mid-March, you and nearly every other U.S. household will receive an invitation in the mail to... READ MORE
A comprehensive guide to retirement
Those who wish to educate themselves about retirement planning have a lot of books to choose from. Most people, however, have the bandwidth to read maybe one or two books on the subject. The challenge becomes how to pick the best comprehensive guide. A good choice is Your Complete Guide to a Successful and Secure Retirement (Harriman House), by retirement planning experts Lawrence... READ MORE
Simple driving tips that save gas, money
When fuel prices spike, lots of tips and tricks to save on gas get trotted out. They’re not all worthy. Here are several that don’t violate the laws of physics, compromise safety or insult your intelligence: Get the junk out of the trunk Car engineers spend a lot of time engineering pounds, ounces and grams out of today’s cars. Don’t undo their efforts by leaving anything... READ MORE
Avoid these common investment biases
Many investors have biases when they structure or make changes to their portfolios. Omar Aguilar, chief investment officer of equities and multi-asset strategies at Charles Schwab, addressed some of these biases at Schwab Impact 2019, a gathering of finance industry experts in San Diego in November. They included the following: —Recency bias: This is the tendency to invest based on... READ MORE
Ways to make some money on the side
As we recovered from the recession, many people who wanted to work took any extra jobs they could. In my day, we called these gigs part-time work, second jobs or moonlighting. But today they have been dubbed “side hustles.” A side hustle is usually taken in addition to your other work, or you can string a bunch together. You are freelancing to supplement your income. Let’s face... READ MORE
Money 2024
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