savings bond
16 Smart Ways to Invest $15,000 for the Long Haul
If you have $15,000 stashed away, you’ll want to put that money to work. If you don’t, inflation can easily eat away at your nest egg in record time. To help you figure out where to invest $15,000, here is a guide that includes 16 of the best options.
The post 16 Smart Ways to Invest $15,000 for the Long Haul appeared first on Good Financial Cents®.
How 13 Types of Retirement Income Get Taxed
When you’re planning for retirement, it’s fun to contemplate all the travel, rounds of golf and restaurant meals you have ahead of you. You’ve earned it! You may also want to financially help your children and grandchildren. However, many retirees don’t take into consideration the cumulative impact of federal and state income taxes on withdrawals from their nest eggs.
Most forms of retirement income â including Social Security benefits, as well as withdrawals from your 401(k)s and traditional IRAs â are taxed by Uncle Sam. And unless you live in one of nine states without a traditional income tax, you can expect your home state to ding you in retirement as well. (Taxes on retirees vary from state to state, so make sure you check our retiree tax map for each state’s overall tax impact on your retirement income.) Do yourself a favor before you retire and take a look at the federal income taxes you’re likely to face on 13 common sources of retirement income.
- SEE MORE The Most-Overlooked Tax Breaks for Retirees
Series I Savings Bonds – What They Are and How to Buy Them
What Are Certificates of Deposit (CDs) And How They Work
If youâre seeking higher interest rates than your traditional bank account can provide â and you donât need access to your cash for a while â you might want to consider a certificate of deposit (CD). But how does a certificate of deposit work, anyway? Read on. What Is a CD? A certificate of deposit [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
How Do Savings Bonds Work?
Looking for a nearly risk-free way to save for the future? A savings bond might be right for you. With amounts ranging from $25 to $10,000, U.S. savings bonds fit almost any budget. Most importantly: Youâll never lose value on your initial investment. Plus these bonds are backed by the full faith and credit of [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
PODCAST: Investing for Income with Jeffrey Kosnett
Cold, hard cash working from home! No, this isnât a scam â itâs an investing strategy built on bonds, REITs, preferred stocks and more.
Retirees, Plan for the Tax Hit From Savings Bonds
The federal tax consequences for Series EE and I U.S. savings bonds are anything but straightforward. Here’s how interest from savings bonds is taxed in four common situations for retirees.
Mint Money Audit: Ken’s Plan to Squash Student Loan Debt
Even when you make six figures and save diligently, your finances can create some anxiety. Ken [name has been changed to assure privacy], a 36-year-old pilot based out of Pittsburgh earns $100,000 a year. The 36-year-old has various savings buckets…
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The post Mint Money Audit: Ken’s Plan to Squash Student Loan Debt appeared first on MintLife Blog.