All branches of the military use a performance evaluation system where members are ranked against their peers. It’s a bit competitive in that there’s a limit on how many “excellent” or “very satisfactory” ratings can be doled out. Similarly, management of personal finances can be considered this way.

There are no real restrictions on who can call themselves a "Financial Advisor." If searching for a Financial Advisor, how do you know if they are a fiduciary?

Medicare IRMAA is the Income-Related Monthly Adjustment Amount for retirees with Medicare coverage. It's a surcharge that's added to your Medicare Part B and Part D (prescription drugs) health insurance premiums if your income is above certain levels.

Maryland offers residents an excellent 529 plan, the Senator Edward J Kasemeyer College Investment Plan, managed by T Rowe Price. This college savings program offers excellent investment choices and portfolios along with Maryland state tax benefits.

I Bonds are an attractive opportunity at this time. But are they the right opportunity for your greater financial needs? Before you buy, here are a few caveats to consider.

Depending on how your circumstances have changed since March 2020 and the impact of The American Rescue Plan's new tax rules on your family, you will need to reassess your optimal tax filing status and retirement savings strategies before your payments resume in September.