How To Increase Your Savings » government

Is It True That Your Savings Account Is Watched By The Government?

External Contributor — Thu, 25 Feb 2010 18:56:58 +0000

My Mom told me it is and that you can only have 4 transactions a month. Is that true also? What if I’m getting my tax return deposits into my savings account even though I have already withrawled / deposited 3 times? Would I be over that 4 transaction limit even though the tax deposits are also from the government? Thanks to those who answer…

What Is The Difference Between A Certificate Of Deposit And A Government Savings Bond?

External Contributor — Mon, 21 Dec 2009 12:25:11 +0000

Both of these are safe ways to earn interest on your savings.
A certificate of deposit (CD) issued by a private financial institution offers you a good interest rate in exchange for your agreement not to withdraw your money for a given period of time (typically 6 months, 12 months, 5 years, etc). At the moment you can earn about 5.5% for a 1 yr CD at a reputable bank.
A government savings bond is even more secure, because it is issued by the US Government itself. Like a CD, you earn more interest the longer you leave the bond invested. However, US savings bond offer a lower rate of interest than bank CDs.
There are also government bonds and lots of other types of bonds, but these are more complex investments.
If you are thinking about choosing between a bank CD and a US savings bond, here are 3 simple questions: Will you want to “cash in” the bond within 1-3 years? Do you want to earn the highest rate of interest? Are you confident that your money is safe at the bank where you buy the CD? If you answered ‘yes’ to all three questions, then you will probably find that the CD is more flexible and offers you more earned interest.
Below I have listed two web sites where you can get further information.

Senate Approves $636 Billion Military Spending Bill

External Contributor — Sun, 20 Dec 2009 06:21:06 +0000

www.reuters.com WASHINGTON (Reuters) – The US Senate approved a 6 billion military spending bill on Saturday that funds the wars in Iraq and Afghanistan and also includes money to extend jobless aid and Medicare payment rates for two months. Barack Obama By a vote of 88-10, the Senate approved the bill and sent it to President Barack Obama to sign into law. The House of Representatives passed the bill on Wednesday. The bill covers Pentagon operations through September 30, 2010. But the …

How Much Is $100 Million In Federal Government Savings?

External Contributor — Wed, 09 Dec 2009 12:35:02 +0000

Lets say $1800 billion of annual federal deficit is represented by the distance from San Francisco to New York. And in order to close the deficit hole a traveler must walk all the way from SF to NY.
The traveler starts the the entrance of SF-Oakland bay bridge and heads east. How far will the first $100 million take the traveler?

What Government Policy Could Be Used To Increase The National Savings Rate?

External Contributor — Thu, 03 Dec 2009 18:45:11 +0000

How about not taxing the interest on savings accounts. Savings accounts are the savings device of choice for the lower to mid income people. These are the very people that we need to encourage to save.

Is Putting Money In A Savings Account/cd’s Even Worth It? How Much Does The Government Take From It?

External Contributor — Mon, 30 Nov 2009 12:43:40 +0000

If I made $300 in interest this year let’s say – does the government take as much from that as they would my paycheck? Is it even worth saving to gain interest?

New Healthcare Taxes; Senate version – 10 years of taxing for 5 years of service – Glenn Beck

External Contributor — Mon, 23 Nov 2009 01:56:53 +0000

,[18] * A limit or repeal of the itemized deduction for medical expenses,[19] * A limit on the Qualified Medical Expense definition,[20] * An increase in the payroll taxes on students,[21] * An extension of the Medicare payroll tax to all state and local government employees,[22] * An increase in taxes on hospitals,[23] * An increase in the estate tax,[24] * A tax on drug companies,[27] * An increase in the corporate tax on providers of health insurance,[28] and * A 0000 deduction …

Is Putting Money In A Savings Account/cd’s Even Worth It? How Much Does The Government Take From It?

External Contributor — Tue, 10 Nov 2009 13:16:51 +0000

If I made $300 in interest this year let’s say – does the government take as much from that as they would my paycheck? Is it even worth saving to gain interest?

Democrat Healthcare is Too Expensive and bureaucratic; Too much government control

External Contributor — Sun, 08 Nov 2009 23:07:15 +0000

democrats against allowing people the ability to buy health insurance across state lines? Answer, because it does not increase the power of government. Why are the democrats against curbing malpractice lawsuits? Answer, because it does not increase the power of government. Why are the democrats against expanding health savings accounts? Answer, because it does not increase the power of government. Why are the democrats against allowing regular people a 100% tax deduction on the money they …

Is Putting Money In A Savings Account/cd’s Even Worth It? How Much Does The Government Take From It?

External Contributor — Wed, 04 Nov 2009 06:38:39 +0000

If I made $300 in interest this year let’s say – does the government take as much from that as they would my paycheck? Is it even worth saving to gain interest?