Safest place for your nest egg: With 7% return!
Listen now
Description
With a hot war in Europe, galloping worldwide inflation and growing shortages on the home front, many investors are looking for the nearly impossible: A ‘safe’ place to stash some of their retirement nest egg, with Uncle Sam, at an eye-popping current rate of return of 7.1%. When investors cash in their Treasury I-bonds they pay federal (but no state) taxes on the interest only. Virtually all of the TSP’s self-made millionaires got to that exalted level by investing — and holding stock index funds — for the long haul (average 29 years). And they continued to buy shares when the markets were down. But the new world situation has revived and intensified fears of losing money for retirement years. But financial planner Arthur Stein, who has a large number of federal-retiree clients, says there is another option for them — or anyone else — who may want to invest some of their emergency funds or excess cash in a super-safe option. He’s my guest today on our Your Turn.
More Episodes
Listen to the final Your Turn with Mike Causey show. It’s a special tribute to Mike, who passed away in late September 2022, hosted by Federal Drive anchor Tom Temin and executive editor Jason Miller. Current and former Federal News Network colleagues and long-time guests of Your Turn will join...
Published 10/05/22
Published 09/14/22
In many ways, the way you handle your final affairs will determine how your family and friends remember you. So it’s important to get it right. Years ago, my uncle died and left his large, 700-plus acre farm (for comparison, New York’s Central Park is about 840 acres) to his daughter. Not his...
Published 09/14/22