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Archive for the ‘Financial Tips’ Category

Use inherited savings bond for school, avoid tax hit?

Posted by Jorja Marion On Jan - 26 - 2019

Dear Dr. Don,
This is a bad news, good news situation that I’m asking about. I just received several Series EE and Series I savings bonds. I am the so-called payable-on-death beneficiary on the bonds. My mom, who purchased the bonds, recently passed away. Can I cash them in and use them for my daughter’s college fund without getting hit with a big tax bill? I think my mom would be happy to see the money being put to such good use.

Thanks,

Dear Sherri,
Put another way, you want to know, as the payable-on-death beneficiary, if you can use the federal education tax exclusion to cash in the savings bonds to pay for your daughter’s college costs. The beneficiary angle puts an interesting wrinkle on the question, so I worked with the customer service specialists at the U.S.

Win a Year-Supply of Meals from Fresh Diet Delivery

Posted by Jorja Marion On Jan - 20 - 2019

Swagbucks has been one of my favorite ways to help pay for things like Christmas shopping and other big purchases. They offer hundreds of gift cards and a bunch of different ways to earn enough SB for your next prize. You can see what my favorite ways to earn are here.But they dont stop there with Swagstakes, you can redeem SB for a chance to win a multitude of prizes, including things not offered in their Rewards Store. Right now, you can snag an entry for the Year Supply of Fresh Diet Delivery Swagstakes. The Fresh Diet takes the guesswork out of healthy eating and delivers good, nutritious meals directly to your door. Swagbucks and Fresh Diet Delivery are giving away a years supply of home-delivered meals. This prize is worth $18,000 but entries start at just 1 SB.

How To Save Money On Movies And Magazines

Posted by Jorja Marion On Jan - 13 - 2019

There are many different ways to save money on the things that you would like to purchase. In fact, there are so many ways to save money available that it is surprising that anyone ever pays full price for anything anymore. If you are willing to look for the discounts, chances are you will be able to find some way to get what you want for less than the manufacturer’s suggested retail price. Here are some tips on how to save money on movies and magazines.

Movie Rentals

Many people have found that renting movies from RedBox is less expensive than renting them from Blockbuster or paying the cable company’s price for pay-per-view or on-demand movies. The movies can be kept until 9pm the next day for the base price of the rental, after which you will be charged for an additional day. Any

Greenback Jumps as Uncertainty Over Global Economy Rises

Posted by Jorja Marion On Jan - 6 - 2019

The US dollar gained on Monday against its major rivals as investors shifted their focus towards the safe haven status of the greenback in reaction of reduced China’s economic growth outlook and meeting of finance ministers from European Countries.

The dollar index DXY which measures the US dollar’s performance versus the basket for six major counterparts advanced to 79.595 on Monday as compared to 79.350 on Friday’s North American trading session. The euro fell to 1.2973 against the US dollar on Monday as compared to 1.3031 on Friday’s late trading hours. If we look at the performance of the euro, the single currency climbed 1.3 percent in last week against the US dollar.

Forex pundits were of the opinion that the euro had a strong last week and correction was overdue. Investo

Peter Lyons: Resurgent US economy will bring pain for us all

Posted by Jorja Marion On Jan - 29 - 2019

The old adage, “When the United States sneezes, the rest of the world catches a cold” still applies. The United States is the largest economy in the world by a country mile. Ben Bernanke, the governor of the US Federal Reserve, recently mentioned the possibility of reducing its policy of quantitative easing. Financial markets around the world started having fits. New Zealand’s sharemarket slumped and the value of our currency fell against the US dollar.

Novice investors in Mighty River have been left puzzled about why their share price has dropped because there has been no bad news about the stock since its float. Decisions made by officials in foreign countries can quickly impact on financial markets far afield at the click of millions of computer mice.

The US economy has been in the doldrums since the global financial crisis.