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IRS WANTS TO LOOK AT YOUR BANK ACCOUNT

In the past, bank accounts were not typically investigated or monitored by the Internal Revenue Service (IRS) unless a taxpayer experienced an audit. However, following a proposal by the Biden Administration, IRS can now look into your bank account.

 

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Exiting I Bonds in May

2 reasons: terribly designed web site and poor returns for the next 6 months.

A username, a password, and two factor authentication work for every other web site. At Treasury Direct, a member ID is the starting point. Then you have to key in a password from your mouse. Then scroll through to get to your investments. Then select. C'mon man!!!

Based on inflation data from the past six months, the variable portion of the I bond rate could drop to 3.38% in May. While the fixed portion of the rate, currently at 0.4%, may increase a little in May. If the fixed rate remains at 0.4%, the new annual rate may drop to 3.79%.

Limitation of 10K per year. I am getting 4.4% in my Robinhood Gold account w/o any deposit limits!

By FDIC rules, banks must steal your deposits during the next crisis

By the end of 2022, the FDIC reported that its Deposit Insurance Fund had a balance of $128 billion—less than half of the $262 billion that might be needed.

 

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Free FICO Score

 

The Fair Issac Corporation created the FICO score, and they are the folks that run myFICO.com. In fact, myFICO.com is the only place you can go to get your official credit score.