by Jeffrey Barnett | Nov 2, 2021 | Uncategorized
Earn 7.12% Risk-Free on US Treasury I-Bonds! The interest rate on US Treasury Series I savings bonds has been raised to 7.12%. At 7.12%, the initial interest rate on new Series I savings bonds is the second-highest interest rate ever. You can buy I bonds at that rate...
by Jeffrey Barnett | Jul 17, 2021 | Uncategorized
Are you thinking about retirement? It’s a major decision. An accountant I know said he and his wife think they have enough to retire, but want to be 100% sure before they stop working. He tried several online financial calculators, but correctly recognized that they...
by Jeffrey Barnett | Apr 14, 2021 | Uncategorized
Current Estate Tax Current tax law provides an exemption of $11.7 million per person ($23.4 million for a married couple) in 2021 to be passed to beneficiaries without federal estate tax. The federal estate tax rate is currently 40%. Proposed Changes President Biden...
by Jeffrey Barnett | Feb 28, 2021 | Uncategorized
Retirement Accounts IRA Contributions for tax year 2020 Everyone has at least until April 15, 2021 to make IRA contributions for tax year 2020. Tax deductible traditional IRA and Roth IRA contributions are limited to $6,000, or $7,000 if over age 50, up to the amount...
by Jeffrey Barnett | Jan 30, 2021 | Uncategorized
What is GameStop and why does everyone care? GameStop is a brick-and-mortar video game chain that lost business to online downloads. Business worsened during the pandemic. Like many distressed companies, it was targeted by short sellers betting that the stock’s price...
