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Kevin Slater

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Posts posted by Kevin Slater

  1. 17 minutes ago, BuffaloKyle said:

    So for the i bond that I bought in May I'm earning 6.49% or 6.89%? I went on the site to view my bond and the interest rate says N/A probably because it didn't update yet the new rate. I'll definitely buy another $10k come January then. 

    6.49.  Those bought starting now will get the .4% bump.

    Kevin Slater

  2. 6 minutes ago, Mercury said:

    Thanks, I just looked and all it says is current value $10,000. 

    It'll say that for a while.  (They don't give you the accumulated interest for the first six months or something.)  But drill deeper (by clicking every button and link you can) and you'll get to the interest rate. 

    Maybe PM me so we can take this offline.

    Kevin Slater

  3. 8 hours ago, Mercury said:

    Does anyone with a Treasury Direct account know when interest posts?  I’m curious to know if I made the cutoff for 9.62% rate. I see they got my $10,000 but I didn’t get any confirmation email except that I had successfully created an account.  I only realized that my purchase went thru by looking at my bank statement with the $10k deduction. 

    Log into your account > Current holdings / savings bonds > select Series I Savings Bond.  You'll see the interest rate there.

    If your transaction hasn't preprocessed yet, you'll surely hit a snag along one of those steps.  If it says interest rate not available, it probably means you're getting the new yet-to-be-announced rate (likely ~6.47%). 

    Kevin Slater

  4. Bloomberg News is reporting long delays at the Treasury Department's TreasuryDirect website. A notice on the site reads... "We are currently experiencing unprecedented requests for new accounts and purchases of I Bonds. Due to these volumes, we cannot guarantee customers will be able to complete a purchase by the October 28th deadline for the current rate."

    The 9.62%rate is expected to drop to 6.47% on November 1st. Those who buy by October 28th will lock in the old rate for six months.

    Kevin Slater

  5. One upside of inflation, per the IRS:

    In 2023, employees can contribute up to $22,500 a year, up from $20,500, to 401(k), 403(b) and other tax-advantaged employer savings plans. The limit on what are called catch-up contributions, for people 50 and older, also rose, to $7,500 from $6,500. That means workers 50 and older can contribute a maximum of $30,000 to those plans next year.

    The maximum contributions to individual retirement accounts will rise by $500, to $6,500.  (The IRA catch‑up contribution limit for individuals aged 50 and over is not subject to an annual cost‑of‑living adjustment and remains $1,000.)  The income ranges for determining eligibility to make deductible contributions to traditional IRAs and to contribute to Roth IRAs also increase in 2023.

    Kevin Slater

  6. 2 hours ago, Chads said:

    I bonds are paying 9.62% if you buy them before October 31st. $10,000.00 max per calendar year unless you buy another $5k through your tax return.  Must buy online for the $10k through treasurydirect.gov

    You can cash in after 12 months and forfeit 3 months interst or no penalties after 5yrs, good for 30 years and tax deferred until you cash them in.

    Don't wait til the last minute; allow time for processing, and the 29th & 30th are weekends.

    Kevin Slater

  7. 2 hours ago, pubic_assistance said:

    "Clearly" always requires reading.  So time consuming, you know !! 😆

    Like the dozens of messages I get on Grindr every week from men over 50 when my profile "clearly" states that I am only interested in under 30.

    Yup. And again, I’m sorry ‘bout those. 

    Kevin Slater 

  8. 1 hour ago, InterestingGuy said:

    It’s been many years since I originally joined this site - and quite frankly, I don’t remember which email address I provided when I joined. 
     

    How do I find out which email address you have for me?

    I sent you a PM with that.  You can also simply look at your profile where it's listed.

    Kevin Slater

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