Personal Finance Archives - Page 4 of 8

Attorney General Brown joins $22.5 million settlement with crypto asset platform Nexo

Posted on September 13, 2023 by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Anthony G. Brown’s Securities Division announced that it has joined a $22.5 million multistate settlement with Nexo Capital, Inc. In September 2022, Maryland filed an action against Nexo in connection with its Earn Interest Product (EIP) accounts. The Securities Division had alleged that the EIP accounts enabled customers to deposit crypto assets with Nexo. In exchange, […]

Attorney General Brown brings action against crypto interest account provider

Posted on September 8, 2023 by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Anthony G. Brown’s Securities Division announced that it has filed an action against various companies, known collectively as “Abra,” and against William John “Bill” Barhydt, the founder and CEO of Abra, ordering them to cease and desist violating Maryland law in connection with the offer and sale of investments in two interest-bearing crypto depository accounts: Abra […]

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Baltimore ranked among worst places in U.S. to retire, WalletHub study

Posted on September 6, 2023 by Chris Montcalmo

BALTIMORE, MD—With only 27% of workers reporting that they are “very confident” they will have enough money for retirement, the personal-finance website WalletHub today released its report on 2023’s Best & Worst Places to Retire. Baltimore came in near the bottom of the list at No. 173 out of 182 cities ranked. Tampa, FL came in at No. 1 followed […]

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Building Financial Resilience: Strategies for Overcoming Financial Stress

Posted on September 1, 2023 by Chris Montcalmo

The following is a sponsored post from Freedom Federal Credit Union In today’s fast-paced world, we face many financial challenges as we juggle multiple responsibilities. The constant pressure to earn enough for day-to-day expenses, while remembering to put away money for your financial goals never lets up. To make it even more difficult, life only gets more expensive as time […]

AAA: Annual new car ownership costs boil over $12K

Posted on August 31, 2023 by Chris Montcalmo

ORLANDO, FL—AAA’s Your Driving Costs (YDC) has been a reliable data source for the expenses associated with owning and operating a brand-new vehicle for more than seven decades. Based on the latest figures, the average cost of owning and operating a new vehicle in 2023 has increased significantly, with an annual expense of $12,182 or a monthly cost of $1,015. […]

Maryland ranked among top ten best states for teen drivers, WalletHub study

Posted on August 30, 2023 by Chris Montcalmo

BALTIMORE, MD—With summer being a popular time for teens to get driver’s licenses and an average of eight teens dying every day from motor vehicle injuries, the personal-finance website WalletHub today released its report on 2023’s Best & Worst States for Teen Drivers, as well as expert commentary. Maryland came in at No. 8 on the list. Oregon was ranked […]

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Maryland ranked 18th among states with highest credit card debt, WalletHub study

Posted on July 26, 2023 by Chris Montcalmo

BALTIMORE, MD—With Americans having increased their collective credit card debt by a record $179.4 billion last year, and the grand total at over $1.1 trillion, the personal-finance website WalletHub this week released its report on the States with the Highest & Lowest Credit Card Debts. Maryland came in at No. 18 on the list. Alaska was the state with the […]

NOW YOU KNOW: The 529 Savings Plan Debacle and how Marylanders can Regain Trust

Posted on July 19, 2023 by Chris Montcalmo

The following is an op-ed piece from Delegates Kathy Szeliga and Ryan Nawrocki. During the 2023 Legislative Session, constituents regularly reached out to us on many hot-button issues to share their concerns, opinions, and frustrations – but nothing took up more time and energy than those parents whose Maryland 529 Savings Account Plans became seemingly useless. Many parents were stranded […]