workerONE

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workerONE ,

The NYT broke this story around 2017/2018 I’ll try to find the link

Can you offer investment advice? I'm debt-free, about to start earning $2k more per month than I need to survive. Please offer any suggestions for optimal investment method(s).

48 years old, currently have no investments. My net worth is my car and the clothes on my back, and I don’t ever want to be in this situation again....

workerONE ,

Max out your yearly maximum of $10,000 in Series I savings bonds, purchased from the US Treasury.

Or, like others are probably saying, create your own retirement portfolio that allows you to defer income tax payments until you retire.

workerONE ,

The current rate is 5.27% Yeah if you withdraw before 5 years you lose the last three months of interest.

www.treasurydirect.gov/…/i-bonds-interest-rates/

workerONE , (edited )

Federal government spending is not funded by taxes. When the federal government spends, it credits accounts with the press of a keystroke, creating money from nothing. The federal government issues money by spending and destroys money by collecting taxes. medium.com/…/on-the-role-of-taxes-mmt-707fb4b3b80…

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