How to Deal With Financial Stress

How to Deal With Financial Stress

A recent survey by the National Endowment for Financial Education found that almost 90% of Americans were feeling anxious about their money situation.1  39% were worried about job security 48% worried about paying bills 28% didn’t know if they could pay their...

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Where the Banking Industry Stands Today

Where the Banking Industry Stands Today

The Great Recession of 2008 was largely compounded by weaknesses in the U.S. banking system, making it vulnerable to economic and market declines. In an effort to shore up the system, Congress passed the Dodd-Frank Act of 2010, which levied sweeping reforms on the...

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Beware of Coronavirus Scams

Beware of Coronavirus Scams

After a press conference in which President Trump mentioned scientists were testing the potential of using disinfectants as a coronavirus cure, poison control centers across the country reported a spike in calls. In Maryland alone, the Emergency Management Agency...

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The Perks and Pitfalls of Self-Employment

The Perks and Pitfalls of Self-Employment

Sole proprietors in the U.S. caught a huge break in April. The Paycheck Protection Program, borne out of the economic hardship caused by the COVID-19 pandemic, became available to solo entrepreneurs and independent contractors on April 10, 2020.1 According to a 2017...

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Why Sequence of Returns is Important

Why Sequence of Returns is Important

The research firm Spectrem Group estimated that at the end of 2019 there were 11 million millionaires in the U.S. By the end of the first quarter in 2020, that number had dropped by at least half a million. Clearly, the recent stock market woes have taken a toll on...

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How Businesses Can Stay Afloat

How Businesses Can Stay Afloat

Pandemic or not, America’s businesses clearly need a plan to survive an economic downturn. If the owner of a small business has not delegated authority, a health issue affecting the owner could derail that business. The closing of a town’s major employer can drive...

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Ways the Pandemic May Change the Future of Employment

Ways the Pandemic May Change the Future of Employment

Ways the Pandemic May Change the Future of Employment About 8.5% of U.S. households are headed by a self-employed person. While self-employed households tend to earn higher income than salaried households, research shows they also tend to take the biggest hit during...

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What Does National Stimulus Relief Mean for You?

What Does National Stimulus Relief Mean for You?

What Does National Stimulus Relief Mean for You? On March 27, 2020, President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a historic $2 trillion stimulus package designed to provide economic relief to Americans affected...

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Insuring Income In Coronavirus Outbreak

Insuring Income In Coronavirus Outbreak

Insuring Income In Coronavirus Outbreak As the COVID-19 strain of the coronavirus flows through our nation’s population, many Americans may find themselves working shorter shifts, working from home, on paid or unpaid medical leave, furloughed or even laid off. While...

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The State of the Sharing Economy

The State of the Sharing Economy

The financial hardships of the Great Recession forced many people to start thinking outside the box. The “sharing economy” gained popularity in the late 2000s because it provided more affordable means to travel, maintain homes and access piecemeal work for small...

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