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Howard Bank created Marylandbankingblog.com with the small business in mind. It is another way Howard Bank offers the Hands On approach to banking. If there is a specific topic you would like us to write about, email us at HBOnline@howardbank.com with your topic idea.

When working with a wealth advisor or financial planner the topic of long term care often comes up.  This conversation usually centers on whether or not to purchase a specific form of insurance that protects against the expensive cost of extended care.  But is this really the only definition of long term care?  In this day and age, aging can take many forms (more…)

Exploring the Single 401(k)…

March 7th, 2013 | Posted by Don Hannahs, CFP®, Partner in Financial Planning - (Comments Off)

Many self-employed entrepreneurs may want to save for retirement using either an IRA, Roth IRA, SEP (Simplified Employee Pension), or SIMPLE IRA.  A Single 401(k) maybe a better option due to higher contribution limits.  For 2013, a business owner can make elective deferral contributions of up to $17,500 plus (more…)

January is named for the Roman god Janus – the two headed (as opposed to two faced) god of beginnings and endings.  Supposedly, he is the original reason why we all make New Year’s resolutions – to shape and guide the beginning.  However, we all know how New Year’s resolutions go – health club memberships soar with no worries on the part of their owners that they may have a capacity problem in March; diet companies sell lots of pre-packaged plans but obesity still moves up to become a top killer; and businesses put forward plans that are full of good intentions to do better this year – but often by doing the same things that did not work last year.  It might be convenient to make these types of (more…)

Are Your Assets Really Diversified?

January 10th, 2013 | Posted by Kathy Armstrong in Financial Planning - (Comments Off)

You’ve heard the old investment adage, “Don’t put all your eggs in one basket.” It’s good advice. A diversified portfolio should be at the core of any well-planned investment strategy. While a worthy goal at any age, it’s especially desirable as your net worth grows over the years.

The basic purpose of diversification is to reduce your risk of loss. It’s primarily a defensive type of investment policy. Depending on your investment goals and tolerance for risk, your strategy may emphasize one type of investment over another. But overall, your plan should be diversified. That’s because no single type of investment performs best under all economic conditions. A diversified program is capable of weathering varying economic cycles and improving the trade-off between risk of loss (more…)

Referrals, Follow-up with Action Plan…

December 12th, 2012 | Posted by Timothy Rozalski in Marketing - (Comments Off)

In a past blog post, “Marketing and Small Business – Questions to ask yourself,” one of the questions I posted that you should ask was about referrals:

Do you ask for referrals?          Many small businesses have to rely on referral sources to keep business steady. Have you asked your current customers for referrals? This is a marketing channel that in many cases can be very (more…)

Ask for Referrals, Follow-up with Action Plan…

November 20th, 2012 | Posted by admin in Marketing - (Comments Off)

In a past blog post, “Marketing and Small Business – Questions to ask yourself,” one of the questions I posted that you should ask was about referrals:

Do you ask for referrals?          Many small businesses have to rely on referral sources to keep business steady. Have you asked your current customers for referrals? This is a marketing channel that in many cases can be very (more…)

eNewsletter from Howard Bank CEO, Mary Ann Scully

August 29th, 2012 | Posted by Mary Ann Scully in Howard Bank - (Comments Off)

In future enewsletters, we may talk about the state of community banking and the slope of our economic recovery and the white waters ahead for certain central Maryland industries. But those topics, we are fairly confident, will still be there in the weeks and months ahead. This month, we want to launch our enewsletter by taking advantage of something that only happens every four years.

Many of us have just finished long late evenings filled with vicarious living as we watched the 2012 Summer Olympics – albeit on a time delayed basis. We know that the Olympics have been around and have honored (more…)

Retirement Planning: Decade by Decade

August 21st, 2012 | Posted by Kathy Armstrong in Financial Planning - (Comments Off)

If you remember when the Beatles’ song, “When I’m Sixty-Four,” was first a hit, then retirement planning should have been high on your list of priorities for some time.  If you remember the song only as an “oldie,” you are in luck because you have time to make a retirement plan. No matter your age, once you begin working, keeping (more…)

Your Security, Business Account Takeover

July 6th, 2012 | Posted by Timothy Rozalski in IT Security - (Comments Off)

Business Account Takeover is the business equivalent of personal identity theft. Businesses not only need to protect themselves from identity theft but also ensure they have protections in place so that they do not have a business account takeover. (more…)

Your Security, Identity Theft

June 20th, 2012 | Posted by Timothy Rozalski in IT Security - (Comments Off)

Identity theft is a growing problem and consumers need to take measures to protect themselves at all times.  Awareness is one of the best deterrents against fraud. Criminals can steal your identity in many ways, and are inventing new avenues every day.  Howard Bank takes real interest and responsibility in protecting our customers against fraud, and while we have many checks in place to detect deceitful activity, we both can only benefit from customers who are (more…)