US Savings Bonds

Posts Tagged ‘money’

Question: What kind of future does the younger generation of working US citizens really have with this kind of governme?

What can the younger generation of working US citizens do about the severe risks to their future? I invest money in the stock market but it has only gone down. I invest money in bonds and savings accounts but the small gains do not keep up with inflation (it costs more to buy everything and the actual dollars lose their value as well). I am told not to count on there being much Social Security when I retire. How can I build a future for myself if my investments and savings continue to lose value due to a greedy and irresponsible government?

Answer: Indentured slavery! You must take over rule & control directly starting with money & gov’t! Legally end Republic of’by/for the Fascist Few/Representative Gov’t! Replace with a True direct consensus Democracy that has verification/proof/validation! Make all levels of Gov’t well managed fire at will employee’s! Many will try denying this state of Fascism but it’s real and long been in place. Make sure you scroll down to #14 Fraudulent election process >>> http://www.oldamericancentury.org/14pts.htm Should of Known i am being had you are a troll playing games & not being serious!

Investors protest Lehman-bond mis-selling

Question: Ginnie Mae funds risk?

I understand Ginnie Mae funds are not Mutual Funds. It does not invest in stocks. It primarily invests in Mortgage Pass Throughs backed by the Government of United States.

What does being backed by Gov of US mean? I don’t think it means it’s FDIC insured. If it does not invest in coporate stock/bonds or government bonds, how risky is it to invest in Ginnie Mae funds?

It certains offers returns better than online savings bank, but I don’t think Ginnie Mae funds can be considered as savings. They are still investments? Correct?

Please guide me about Ginnie Mae funds. Its risk, benefits, how different is it from conventional Mutual Funds. Thanks

Answer: Ginnie Mae are bonds or bond funds which are debt instruments packaged by Ginnie Mae and backed by Uncle Sam. The bonds invest in mostly house mortgages such as 30 year fixed or variable mortgages. If the home owner defaults then Uncle Sam will pay you back. The risk has went up with Ginnie Mae since the number of home mortgages that have defaulted have increased with many people just walking away since their homes are worth less in value or underwater then when they first bought them.

At one time this was considered a sound investment – real estate always seemed to go up and home ownership was considered a safe investment. Today, with the number of defaults on the rise I wouldn’t want to invest more than 30% of my bond portfolio into mortgage back bonds. Uncle Sam’s backing may also be in jeopardy as loan losses rise and tax payers the ultimate payer of the losses.

Put this in the category of a bond mutual fund.

FREE MARC!!!!!

Question: How will interest on US Savings Bonds that I cashed in 2008 effect my tax refund?

I needed the money, so I cashed in all the US Savings Bonds that I had on-hand. I recently got a 1099-INT from my bank that says the interest on US Savings Bonds and Treasury obligations is $632 (or thereabouts). I’m aware that I owe taxes on this interest… how much money are we talking about? How badly will this change the amount of money that I get in my tax return? I ask because I truly need that money. I’m counting on my tax return to help me pay bills.

Thanks!

Answer: Assuming you didn’t have anything withheld for income tax when you cashed in the bonds, they’ll affect your refund since you’ll pay the tax from that. If you are in a 15% bracket, your refund would decrease by just under $100. In a 10% bracket, it would decrease by $63.

YOU RASCAL, YOU by Louis Armstrong and his All Stars LIVE!! c 1950