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401(k) and IRA penalties that don't apply in 2020 10/27/2020 07:00am • Individual retirement accounts and 401(k) plans often impose penalties if you take money out of a retirement account too soon or too late. There's usually an early withdrawal penalty if you make a withdrawal before age 59 1/2 and a penalty for failing to take annual distributions after age 72. Howev Betting on the Future: A question of competition in DC 10/27/2020 04:17am • More and more states around the country are legalizing sports betting, with visions of millions of dollars pouring into state and local government coffers. That’s especially now that revenues have slowed because of the pandemic, and many local governments are staring at shortfalls. Betting has How to Shop for Health Insurance Covering Mental Health 10/27/2020 12:00am • One of the many landmark provisions of the Affordable Care Act, also known as Obamacare, is its insistence on covering mental and behavioral health issues. Before the ACA, such coverage was sporadic and inconsistent. While some health insurance plans covered a lot, others had no coverage at all. Ye 7 Types of Fixed-Income Investments 10/27/2020 12:00am • What is a fixed-income investment?Bonds are stable assets that offer income and a lower amount of volatility compared to stocks. The yields provided by corporate and government bonds such as U.S. Treasurys and municipal bonds are currently low because the Federal Reserve lowered interest rates for a Betting on the Future: Maryland makes plans for a windfall 10/26/2020 04:05am • More and more states around the country are legalizing sports betting, with visions of millions of dollars pouring into state and local government coffers. That's especially true now that revenues have slowed because of the COVID-19 pandemic, and many local governments are staring at shortfalls. Little-Known Financial Benefits of Divorce 10/26/2020 12:00am • More than a third of partnered or wedded couples say money causes the most stress in their relationships, according to a 2018 survey of more than 1,400 Americans conducted by The Harris Poll on behalf of Ally Bank. For some, money woes could cause the couple to go from wedded bliss to divorce court. The Future of the Financial Advice Industry 10/26/2020 12:00am • The financial advisor industry, like many others, has been through a roller coaster ride this year. From social distancing forcing advisors to adopt virtual communication to a rollicking stock market that couldn't seem to decide if it was bullish or bearish, 2020 has been a year for keeping your ar Push for Puerto Rico statehood has myriad political implications, including for DC area 10/25/2020 08:58pm • This content was republished with permission from WTOP’s news partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today. The long-debated possibility of statehood for Puerto Rico is gaining traction — a development sure to be watched closely by the more th 7 Risk-Management Tips for New Investors 10/23/2020 12:00am • There are different types of investment risk.Some of the greatest market price swings in recent memory happened in 2020. The volatility may scare off new investors, especially if they lost money during the spring sell-off. Thomas Martin, senior portfolio manager at Globalt Investments, says there's How to Retire in Spain 10/23/2020 12:00am • Spain has long been a retirement destination for Europeans, like Arizona and Florida for Americans. History, architecture, literature, art and music are part of daily life in Spain. The Iberian Peninsula is blessed with coastlines on the Atlantic and Mediterranean, multiple mountain ranges, rivers PHOTOS: 2020 presidential debates 10/22/2020 10:50pm • President Donald Trump and Democratic challenger, Joe Biden, met Thursday night for the final presidential debate of the 2020 election. The debate, moderated by NBC’s Kristen Welker, was a final chance for each man to make his case to a television audience of tens of millions of voters. With less WATCH: 2020 Presidential Debate 10/22/2020 10:45pm • President Donald Trump and Democratic challenger Joe Biden scrapped over how to tame the raging coronavirus in Thursday’s final 2020 debate, largely shelving the rancor that overshadowed their previous face-off in favor of a more substantive exchange that highlighted their vastly different approac Should You Buy Tesla (TSLA) Stock? 10/22/2020 12:00am • Shares were up about 2% for Tesla (ticker: TSLA) on Thursday following news that the company beat the market's expectations and posted a fifth consecutive quarter of profitability. The Palo Alto, California-based electric vehicle maker and clean energy company specializes in the development, manufa How to Find Unclaimed Money 10/21/2020 12:00am • If you think it's fun to find money under couch cushions or a random coin in a parking lot, just wait until you start looking through databases for finding lost or unclaimed money. Chances are, you'll find it more fun -- and possibly far more profitable. Banks, insurance companies and the U.S. Treas 8 Times to Stop Saving for Retirement 10/21/2020 12:00am • When going through a difficult financial time, it may be wise to reduce current expenses. It might be necessary to pause contributions to retirement accounts. However, before reducing retirement savings, you'll want to have a plan for when and how you'll pick up savings habits again. Here are some