Eileen Ambrose: Personal Finance

5:49 PM EST, February 6, 2012

Retirees face the risk of outliving their money

Until recently, retirement planning focused mostly on helping workers accumulate savings.

February 14, 2012

Marrying your financial opposite: A fatal attraction?

Somewhere, a husband and wife are arguing about money — even on Valentine's Day. And researchers say that if the two were being totally honest, they would say:

February 12, 2012

Consumers are starting to flex their newfound muscle

Stef Gray recently delivered a petition to Sallie Mae's Washington office, asking the giant private lender to eliminate a fee that unemployed college graduates must pay to suspend payments until they find a job.

February 5, 2012

Moves to lower your tax bill

Death and taxes might be certain, but the latter changes each year.

8:01 AM EST, January 31, 2012

Many Marylanders living without a financial safety net

Marylanders on average have the highest income in the country, but when it comes to having a financial cushion in hard times, we're disappointingly mediocre.

8:03 PM EST, January 23, 2012

Can Suze Orman's new prepaid card change credit scoring?

Personal finance guru Suze Orman says she never would have introduced her prepaid debit card if there wasn't a possibility that some day it could be used in credit scoring.

January 22, 2012

Many workers are in the dark about 401(k) fees

Survey after survey shows that many workers don't know how much they shell out in 401(k) fees — or that they even pay them.

3:55 PM EST, January 13, 2012

Will giving children an allowance make them smarter about finances?

The conventional wisdom is that allowances make children responsible money managers as they learn to budget so they don't run out of cash.

7:37 AM EST, January 17, 2012

Early birds can begin filing tax returns electronically with Uncle Sam and Maryland

Tax season is officially here, with the Internal Revenue Service and state of Maryland starting Tuesday to accept electronically filed returns.

9:31 PM EST, January 7, 2012

No quick fix: Getting out of debt requires patience — and help

After his mother's death six years ago, Doug Hamilton says, his financial life spiraled out of control. He spent freely, didn't pay his bills on time and had creditors calling him at work.

6:37 PM EST, January 9, 2012

Wish list for new director of Consumer Financial Protection Bureau

To: Richard Cordray, Director

7:59 PM EST, December 24, 2011

By improving their own finances, parents give gift to children

Many parents braved the malls to find their children this year's must-have toy or the hottest gadget.

4:46 PM EST, December 19, 2011

Investors should sell their losers now to reap a tax break

Jim Loukota of Baltimore County is trying to make the best of a soured investment.

December 31, 2011

What investors can expect in 2012

If you had slept Rip Van Winkle-style through 2011, you'd be awakening now to find that your stock portfolio was much the same as you left it.

1:31 PM EST, January 2, 2012

If you resolve to pay off credit cards this year, do it right

Many consumers will resolve to pay off their credit cards for the new year, and their intentions are in the right place. But according to a recent study, how they go about it is likely to be wrong.

December 4, 2011

Some students are leaving college with huge private loans

Megan Connors of Harford County says she got a great education at Auburn University but a brutal lesson on private student loans.

3:45 PM EST, December 26, 2011

New IRS reporting requirements kick in for fund firms in 2012

If you own mutual funds outside a retirement account, you likely have heard from the investment companies asking you to choose your math.

December 18, 2011

How does your savings rate measure up for your age?

How much in savings and investments should you have by age 35 or 45? Or, for that matter, at 65 when you're likely to be near retirement?

7:14 PM EST, December 12, 2011

Is a new credit card regulation hurting stay-at-home spouses?

An aim of the landmark credit card reform act of 2009 was to protect consumers from getting too deep into debt.

November 27, 2011

The earlier we learn financial lessons, the better

John David Kromkowski learned about compound interest as a youngster with the help of a passbook savings account at the bank.

4:30 PM EST, November 21, 2011

Tips to help holiday shoppers avoid overspending

If consumers actually do what they say they'll do, this will be another slow holiday season for retailers.

December 11, 2011

Got a gift card you don't use or want? Sell it

We want gift cards and like to give them, but for some reason we don't always use them and wind up wasting billions of dollars.

8:00 PM EST, December 5, 2011

Fraudulent schemes? There are enough out there to fill a book

Joyce Brown of Brooklyn Park receives lots of blatantly bogus letters claiming she won millions or billions of dollars in a lottery, but the one that arrived about a week ago was different.

6:22 PM EST, November 14, 2011

Should you buy a computer on Monday or Friday?

Timing is everything if you're trying to get the best deal on a computer, airfares, cars and even stocks.

November 13, 2011

As credit card reward programs grow more generous, it's worth checking what's in your wallet

Don't automatically shred those credit card offers arriving in your mailbox. They just might contain an attractive rewards program.

12:03 PM EDT, October 7, 2011

Taking the holiday blues and hassles out of air travel

Airfares can fluctuate even within the span of a few hours, but the direction of holiday travel prices is one-way: up.

7:38 PM EST, November 7, 2011

Students need all the debt relief they can get

Tens of thousands of Marylanders could benefit from two initiatives by the Obama administration that are designed to ease the burden of federal student loans.

6:50 PM EST, November 28, 2011

You pay bills on time, so why isn't your credit score higher?

Marlene Partridge and her husband have a six-figure retirement income, no debt and pay off their credit cards each month.

November 20, 2011

Make moves now to lower next year's tax bill

Year-end tax planning these next several weeks will be refreshingly straightforward for a change.

9:42 AM EDT, November 1, 2011

Debit card fees are last straw for some consumers

Apparently, consumers have a breaking point — a $5 monthly debit-card fee.

October 2, 2011

Employers face higher health care costs for next year

Health care costs rose faster than inflation and wages this year — a trend that will hit home for many workers in the next several weeks as employers offer open enrollment.

October 29, 2011

Even savvy consumers can find it tough to negotiate car sales

Most of us don't buy cars all that often. So when we do, we can come away with that nagging feeling of not knowing whether we got a fair deal or grossly overpaid.

November 6, 2011

As America ages, issue of long-term care emerges

When the Obama administration recently backed off a long-term insurance program that was part of the law to overhaul health care, we all lost.

5:42 PM EDT, September 26, 2011

Debt collectors, other businesses want to call your cellphone

That unfamiliar incoming call to your cellphone soon might be from a debt collector.

9:11 PM EDT, October 24, 2011

Taking the mystery out of the bottom-line cost of college

By the time you know how much it will cost out of pocket to attend a college, you are far along in the process. Not only have you been accepted by the school, but you've likely waited weeks to receive the financial aid package.

7:09 PM EDT, September 23, 2011

Know your rights in disputes with landlords

For Eddie Germino, being unemployed for a time last year worked to his advantage in a dispute with his Maryland landlord.

6:42 PM EDT, September 19, 2011

Student borrowers have another option before defaulting on loans

The number of borrowers defaulting on federal student loans continues to rise in Maryland and elsewhere. But even during the long and painful economic recovery, many of these defaults likely are unnecessary.

September 18, 2011

More parents are laying out the welcome mat for kids, Census Bureau reports

A couple of years ago, Joe and Marlene Everett were 50-something empty nesters with a daughter out on her own and a son away at college.

September 4, 2011

Little-known health education and advocacy unit helps Marylanders resolve medical bill and insurance disputes

The surgery on Don Hayden's son was successful. The only lingering complication: a bill for $23,000.

9:15 PM EDT, September 5, 2011

Troubled homeowners still have time to get mortgage assistance

Help still is available for Marylanders at risk of losing their homes because they lost a job, their pay was cut or earnings reduced because of an illness.

September 13, 2011

To end a banking relationship, don't just walk away

Breaking up with a bank can be hard to do — and expensive if you don't do it right.

7:11 PM EDT, August 29, 2011

Earthquake. Hurricane. What disaster is next?

If this past week was not a wake-up call to make sure you are financially prepared to survive a natural disaster, what is?

August 28, 2011

Tough economic times make less expensive colleges more attractive to families

Sam Cameron says high school classmates used to give her "funny looks" when she told them she planned to go to a local community college after graduation instead of some prestigious four-year institution.

September 11, 2011

Consumers aren't alone when they've been wronged

Last week's column on a little-known state group that helps consumers with medical disputes generated emails from readers asking if organizations exist that can help them tackle other problems.

August 14, 2011

Help wanted: But only the employed need apply

While nearly 14 million unemployed Americans are searching for work, some employers are limiting their hiring to preferred candidates: People who already have jobs.

8:27 PM EDT, August 8, 2011

Investors' flight to Treasuries seen to have a short-term benefit to consumers

Investors watched stock markets swoon and economists fretted about the nation's fragile recovery on the first day of trading after the unprecedented downgrade of the nation's credit rating.

6:19 PM EDT, August 22, 2011

Consumer advocates fear that more traditional banks will be offering payday loans

If you are offered a short-term advance on your paycheck at a triple-digit interest rate, you might think you're being pitched a payday loan — a product that's basically banned in Maryland and other states with rate caps.

August 21, 2011

Budgeting is a drag, but online personal financial management sites make the chore easier

Online budgeting sites aim to take the tedium out of money management, and the latest entry even tries to make a game of it with cash prizes.

4:32 PM EDT, August 6, 2011

Debt-ceiling debate, market downslide test investors' appetite for risk

Think about how you have been feeling about your portfolio lately.

7:15 PM EDT, August 15, 2011

Interest rates on consumer loans have fallen recently

The silver lining in all this economic upheaval lately: low interest rates on consumer borrowing.

July 24, 2011

Millions of dollars earmarked for investor education across the country

Back in 2003, major Wall Street firms agreed to pay more than $1 billion to settle claims that their research analysts hyped stocks to curry favor with — and get business from — the companies they covered.

11:34 AM EDT, August 1, 2011

Car buyers should know their rights when getting financing through an auto dealer

Imagine showing off your new car to friends and family only to get a call from the dealer — sometimes weeks later — saying your financing has fallen through.

7:00 PM EDT, August 1, 2011

Credit unions developed battle plans to protect federal workers during debt ceiling fight

While congressional leaders work to push through a deal to raise the government's debt ceiling, some credit unions that serve federal employees aren't taking any chances.

6:24 PM EDT, July 18, 2011

A year in the making, consumers finally get greater protections on financial matters

Consumer advocates aren't getting their first choice to lead the new Consumer Financial Protection Bureau. Despite the setback, this is still a big week for consumer protection.

6:55 PM EDT, July 15, 2011

Small investors worry about debt-ceiling impasse

While politicians in Washington refuse to compromise on raising the debt ceiling, small investors are worrying about what a stalemate might mean to their life savings.

9:52 AM EDT, July 12, 2011

Retailers, manufacturers crack down on extreme couponing

It was just a matter of time before businesses began to push back against some of the worst behaviors of extreme couponers.

9:52 AM EDT, July 26, 2011

Treasury moves away from paper to electronic savings bonds

The move by the federal government to end the sale of paper savings bonds at banks and credit unions next year is bad news for savers in more ways than one.

July 10, 2011

Today's treasure hunter doesn't need a secret map or shovel to uncover wealth

Years ago, before we were married and moved to Maryland, my husband opened a checking account in Indiana and had the statements mailed to his office there.

July 3, 2011

Consumer advocate feared by financial institutions appears in Baltimore

On Capitol Hill, some lawmakers treat Elizabeth Warren as if she were Public Enemy No. 1.

8:00 PM EDT, June 27, 2011

Regulators focusing on bank overdraft programs

Some banks soon will find it more difficult to slap consumers with overdraft fees — a boon to customers who discover that one misstep can lead to a cascade of penalties.

June 19, 2011

How to rebuild finances after losing a job and finding another

Ever so slowly, the unemployed are getting hired. And if you're one of them, the next task will be to get your finances back on track.

July 5, 2011

Federal Reserve sets limits on debit card swipe fees, leaving merchants and banks unhappy

You might not have paid attention to the fierce yearlong battle between merchants and banks over debit cards, but you'll likely notice last week's outcome in your wallet.

June 26, 2011

Investors may soon be able to buy into their favorite Internet companies

Investment guru Peter Lynch once advised ordinary folks to "invest in what you know."

7:54 PM EDT, June 20, 2011

How to find a real, live person for real customer service

This recorded message must be one of the biggest fibs a business makes to customers: "Your call is very important to us."

9:33 PM EDT, March 31, 2011

Auditors raise doubts about First Mariner's future

Auditors have raised doubts about First Mariner Bancorp's ability to remain in business, according to financial statements that the largest Baltimore-based bank, founded by prominent businessman Edwin F. Hale Sr., filed with regulators late Thursday.

March 1, 2011

IRS promises to ease up on struggling American taxpayers

The Internal Revenue Service says it will file fewer liens against those who owe back taxes and make it easier for taxpayers to get liens withdrawn — a move that wipes the blemish from credit reports.

5:50 PM EDT, June 13, 2011

IRS revokes tax-exempt status of thousands of Maryland groups

Soccer clubs, PTAs, community associations, a temperance union and inactive foundations belonging to a couple of Baltimore sport legends are among the thousands of Maryland groups that have had their tax-exempt status revoked by the Internal Revenue Service.

March 14, 2010

PERSONAL FINANCE

Build a better 401(k)

The fastest-growing segment of the population these days: centenarians.

February 1, 2009

Eileen Ambrose: Tips to help you save some of your money

Gather your W-2, charitable receipts and investments statements. Tax season is here.

6:09 PM EST, January 31, 2011

Why pay more to file your taxes?

If you are a low- to moderate-income taxpayer and you shell out any money to have your taxes done, you're likely paying too much.

1:45 PM EST, January 21, 2011

Some taxpayers will be getting their refunds on a prepaid card

Hip-hop mogul Russell Simmons is hawking a prepaid card. Reality TV star Kim Kardashian briefly offered a prepaid card before it was pulled off the market. Then earlier this month, the Treasury Department announced that it would allow some taxpayers to get their refunds on prepaid cards this year.

January 30, 2011

Changes you may encounter while preparing this season's tax return

For taxpayers who are procrastinators, this is your year.

February 9, 2010

How protected are you from snow damage?

With 2 feet of snow this past weekend and more flakes forecasted, many homes in the Baltimore area are likely to end up with some weather-related damage.