I bonds currently being sold carry an interest rate of 6.89%, compared to 3.65% for a 30- year Treasury bond. Series I savings bonds have received a lot of hype over the past two years, and they certainly have performed well. That rate is calculated each May 1 and Nov. 1, using the consumer-price index for the past six months.

As the Federal Reserve continues to raise its benchmark interest rate to fight inflation, many consumers are looking for ways to boost their savings for a variety of reasons. While some are simply looking for ways to save money on everyday expenses, others are considering what they should do with their current savings nest egg. And because it is fixed and…

In 2018, before Elon Musk was making headlines for his role in running Twitter, he was making headlines for another Twitter- related controversy: allegedly using the platform to commit fraud. Back then, a series of tweets about a possible $72- billion Tesla buyout that never materialized got Musk, the electric vehicle maker's CEO, in trouble with the U.S….

In filings this week, both prosecutors and attorneys for Vladislav Klyushin submitted proposed questions for prospective jurors to US District Court Judge Patti Saris that would include determining whether jurors can fairly try a Russian in a time of war. The government alleges his Moscow company hacked into computers containing financial information…

Are you being told by a friend, accountant, or financial planner that you can give away $17,000 per year to your children and do not have to worry if you need nursing home care? Many people have heard of the federal Gift Tax provision that allows them to give away $17,000 per year without paying any gift taxes. Even though the federal Gift Tax law allows you to give away…

The haul from the life-changing prize is smaller in Maine than it would be in New Hampshire, which has no income tax. Maine withholds 5 percent from large lottery prizes and the winner would fall into the state's top income tax bracket at 7.15 percent, meaning the annual payments meaning the annuity payments would add up to about $754 million— or $25.1 million per…

Gavin Newsom's penchant for braggadocio was in full flower eight months ago when he declared that California had a $97.5 billion budget surplus and boasted that "no other state in American history has ever experienced a surplus as large as this." The situation is another reminder that California's public finances are at the mercy of an extremely volatile…

After years of being in debt, Rachel Kramer Bussel came to a realization: "If I don't become proactive about it, I will be in debt for the rest of my life." According to the Federal Reserve, revolving debt, which includes credit card balances, continued to rise throughout 2022, increasing at an annual rate of 10.4% as of October, the most recent numbers available.

Use the new year to focus on things you can do right now to strengthen your retirement plan. Building up an adequate nest egg for retirement is difficult. One reason it's so challenging is we face a lot of distractions along the way.

Jan. 15— The federal government spending package included changes to how many Americans save for retirement. Cody Vaughn is a certified financial planner and a St. Joseph financial adviser with Thrivent. "That gives an opportunity for individuals in our community to save money for a longer period of time before being required by the IRS to pull money out of their…

Looking back at 2022 investors faced new headwinds including high inflation and Russia's invasion of Ukraine disrupting global markets. A recession is likely in the United States, but higher interest rates will rein in inflation. The Federal Reserve's Federal Open Market Committee has been moving towards a "neutral" policy rate, around 2.5%, to find a point…

NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Credit card and other variable-rate debt is getting more expensive as the Federal Reserve raises short-term interest rates to combat inflation. The IRS raised the standard deduction, which is…

NEW YORK- Wall Street closed higher Thursday after a report showed inflation slowed again last month, bolstering hopes the Federal Reserve may take it easier on the economy through smaller hikes to interest rates. While the report on U.S. inflation was clearly encouraging, stocks had already rallied earlier this week in anticipation of exactly such data.

CLAIM: The IRS would collect nearly $850 million in taxes from a more-than $1 billion Mega Millions jackpot. THE FACTS: The winner of the lottery jackpot that sat at $1.1 billion earlier this week, when the claims circulated, would expect to pay at least $135 million in federal income taxes if they choose to receive their earnings all at once, rather than over 30…

DALLAS, Jan. 11, 2023/ PRNewswire/– Integrity Marketing Group, LLC, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced the closing of its acquisition of Gladstone Wealth Partners, LLC, a leading wealth management firm offering registered independent advisor and…