The Fed made it clear today that it recognized that if there is no inflation, a world of uncertainty and no real risk in keeping rates low—then rates should stay low. First, there is no inflation. That is a huge positive for companies and equity investors, but not for workers. Wages aren't growing, and the only people who seem to be making the money are CEOs and share holders....
"There isn't any inflation"... Last I checked household bills increase not decrease.
On 9/2/15 10:39 AM I stated that "Ibonds are not for me at this moment. I may invest into this investment vehicle within the next few years.. Right now I'm not stepping over dollars to pick up pennies"
I stand firmly on that....
The FEDS seem to not care that Savers are fed up with 0% interest...I took a position into Energy equities. I believe it is an opportunity to make a lot of money especially during the start of 2016.
MoneyOCD said: September CPI-U is posted =237.945 Base line for next change (March) = 236.119 Total inflation for Apr+May+Jun+Jul+Aug+Sep = 0.77% (went down)
If fixed component of I-bond rate will stay at 0% we are looking at 1.54% for the next 6 months
The FEDS gave us the answer on Sept 17th 2015... The Fed made it clear "that it recognized that if there is no inflation, a world of uncertainty and no real risk in keeping rates low—then rates should stay low"
*Update- I do not care... give me bad rating because it is the FEDS statement not mines*
The highlights of limitations that changed from 2015 to 2016 include the following:
For an IRA contributor who is not covered by a workplace retirement plan and is married to someone who is covered, the deduction is phased out if the couple’s income is between $184,000 and $194,000, up from $183,000 and $193,000.
The AGI phase-out range for taxpayers making contributions to a Roth IRA is $184,000 to $194,000 for married couples filing jointly, up from $183,000 to $193,000. For singles and heads of household, the income phase-out range is $117,000 to $132,000, up from $116,000 to $131,000.
The AGI limit for the saver’s credit (also known as the retirement savings contribution credit) for low- and moderate-income workers is $61,500 for married couples filing jointly, up from $61,000; $46,125 for heads of household, up from $45,750; and $30,750 for married individuals filing separately and for singles, up from $30,500.
The highlights of limitations that remain unchanged from 2015 include the following:
The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan remains unchanged at $18,000.
The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan remains unchanged at $6,000.
The limit on annual contributions to an Individual Retirement Arrangement (IRA) remains unchanged at $5,500. The additional 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 deduction for taxpayers making contributions to a traditional IRA is phased out for those who have modified adjusted gross incomes (AGI) within a certain range. For singles and heads of household who are covered by a workplace retirement plan, the income phase-out range remains unchanged at $61,000 to $71,000. For married couples filing jointly, in which the spouse who makes the IRA contribution is covered by a workplace retirement plan, the income phase-out range remains unchanged at $98,000 to $118,000. For a married individual filing a separate return who is covered by a workplace retirement plan, the phase-out range is not subject to an annual cost-of-living adjustment and remains $0 to $10,000.
The AGI phase-out range for a married individual filing a separate return who makes contributions to a Roth IRA is not subject to an annual cost-of-living adjustment and remains $0 to $10,000.
steu, it usually gets updated when treasury publishes official announcement for I-bond rates for next 6 months - so it probably will get new data early next week. I expect treasury to publish official announcement on Monday.
I Bond Composite Rate of 1.64% includes a Fixed Rate of 0.10% The composite rate for Series I Savings Bonds is a combination of a fixed rate, which applies for the 30-year life of the bond, and the semiannual inflation rate. The 1.64% composite rate for I bonds bought from November 2015 through April 2016 applies for the first six months after the issue date. The composite rate combines a 0.10% fixed rate of return with the 1.54% annualized rate of inflation as measured by the Consumer Price Index for all Urban Consumers (CPI-U). The CPI-U increased from 236.119 in March 2015 to 237.945 in September 2015, a six-month change of 0.77%.
mysteryAgain said: stormdog123 said: New I Bond Composite Rate is 1.64% which includes a Fixed Rate of 0.10%
New EE bond rate is 0.10% A party time. I've been holding out to the end of the year and will probably do my $10,000 at this rate. It works great as a second tier emergency fund or to help buffer against unstable investments elsewhere.
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