Posted on Friday, 8th March 2024 by Dennis Damp
Much to my surprise, most banks and credit unions continue to offer paltry yields on their savings and money market accounts. It’s disappointing considering they are using our money to fund customer’s mortgages at 7 percent and higher or new car loans up to the high single digits. Fixed income continues to hold its allure […]
Tags: CDs, Fixed Income Update, Higher CD Rates, I Bonds, Retirement Savings, T-Bills
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Posted on Friday, 8th December 2023 by Dennis Damp
I started purchasing Treasury Bills in early 2022 to increase our returns due to the extremely low interest rates banks, credit unions, and CDs were offering at the time. The Federal Reserve kept interest rates artificially low far too long. After a decade of near zero interest rates, those on fixed incomes were losing money […]
Tags: CDs, Certificate of Deposits, I Bonds, Savings Bonds, T-Bills, Treasury Bills
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Posted on Friday, 7th July 2023 by Dennis Damp
Retirees continue to suffer the brunt of inflation’s wrath with little relief on the horizon. Yes, the feds continue to say inflation is waning but few of us feel a sense of relief from the high cost of everything today, especially big-ticket items: housing, rent, gas at the pump, utilities, travel in general, and visits […]
Tags: CD Rates, Fixed Income, I Bonds, T-Bills, The Good Old Day, Treasuries
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Posted on Friday, 17th March 2023 by Dennis Damp
Savings bonds as featured in my article titled, “I and EE Savings Bonds – Safe, Simple, and Affordable” can be used to finance children’s education, supplement future retirement income, or save for a rainy day, all are backed by the full faith and credit of the United States. Many are unaware of the tax-free components […]
Tags: EE Bonds, I Bonds, Lost Savings Bonds, Savings Bonds, Tax Free Interest
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Posted on Friday, 10th March 2023 by Dennis Damp
Savings bonds received a boost in popularity last year due to their inflation indexed I-Bond’s exceptional interest rates, currently 6.89%. Far exceeding what most investments are paying today. Their previous six-month yield was 9.62%! A former associate reviewed savings bond interest rates for his payroll deduction purchases from 2001 to 2007. His 2001 bonds are […]
Tags: EE Bonds, I Bonds, Savings Bond Purchasing Limits, Savings Bonds
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Posted on Friday, 17th February 2023 by Dennis Damp
Forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter. On December 29, 2022, the Retirement Enhancement (SECURE) 2.0 Act of 2022 was signed into law. This second installation of the 2019 SECURE Act introduces several changes affecting the Thrift Savings Plan. This legislation will directly […]
Tags: Catch-Up Contributions, I Bonds, Secure Act 2.0, TSP, TSP RMDs
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Posted on Tuesday, 1st November 2022 by Dennis Damp
This is a challenging time for investors with the country bordering on a recession with extreme market volatility. The Treasury still offers a safe haven for our cash with decent yields. Unfortunately, with the exception of the TSP G-Fund, private sector bonds funds were a disappointment this past year, falling anywhere from 5 to 20% […]
Tags: Financial PLanning, I Bonds, Retirement Planning, T-Bills
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Posted on Sunday, 23rd January 2022 by Dennis Damp
I’ve received a number of questions ranging from COLAs and I Savings Bond interest, to the impact on a federal employee’s annuity if they retire early or take a deferred retirement. You may find this information helpful. COLAs and the FERS Supplement FERS employees retiring with a Special Supplement should be aware of their limitations. […]
Tags: COLAs, Federal Retirement, I Bonds, Leaving Federal Service
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