As the annual rate for newly purchased Series I bonds is expected to fall below 5% in May, many long-term investors are considering their options. The current interest rate stands at 5.27% for new I bonds purchased before May 1, but experts are predicting a drop to around 4.27% based on inflation trends. However, investors
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As the deadlines for college enrollment quickly approach, a significant number of students are grappling with the uncertainty of how they will afford their education in the upcoming academic year. The issue is exacerbated by ongoing difficulties with the Free Application for Federal Student Aid (FAFSA) process, which has not only resulted in delayed financial
April 20 marks the beginning of National Park Week, a nine-day celebration that allows visitors to explore the beauty of national parks across the United States. As a special treat, on April 20, the federal government is waiving entrance fees for all national parks. This is a great opportunity for nature lovers and adventure seekers
Speculation surrounding the annual rate for Series I bonds suggests a potential drop below 5% in May. This forecast is based on the most recent inflation data and various other influencing factors. Although the projected rate would be lower than the current 5.27% interest on I bond purchases made before May 1, it remains higher
President Joe Biden and Vice President Kamala Harris recently released their annual tax returns, shedding light on their financial situations and providing valuable lessons for average Americans. In 2023, President Biden and first lady Jill Biden reported a joint adjusted gross income of $619,976, marking a 7% increase from the previous year. They paid $146,629
The Biden administration recently unveiled a draft text of its proposed student loan forgiveness plan, aiming to alleviate the financial burden on millions of borrowers. The official rules are set to be published in the Federal Register, followed by a 30-day comment period. U.S. Secretary of Education Miguel Cardona expressed the administration’s commitment to revamping
As the National College Decision Day approaches, many high school seniors are facing unprecedented challenges in making informed decisions about their college options. This year, delays in financial aid award letters have left students and their families in the dark about their financial commitments, making it difficult to choose the right college based on their
In a recent study by Northwestern Mutual, Americans cited $1.46 million as the amount they believe they will need to retire comfortably. This figure has increased significantly over the past few years, reflecting the rising cost of living in the country. However, experts caution against fixating on this “magic number” when planning for retirement. According
The Tax Cuts and Jobs Act of 2017 is often portrayed as a boon for middle-class Americans, promising relief in the form of reduced tax rates and increased deductions. However, upon closer examination, it becomes evident that the devil lies in the details. While the provision that reduced corporate tax rates to 21% is permanent,
President Joe Biden recently introduced a revised student loan forgiveness plan after facing setbacks with his initial proposal last year. This new plan aims to address the burden of student loan debt on working- and middle-class individuals. Biden’s Plan B targets specific groups of borrowers rather than attempting to forgive the debt of all 40