Good News! Tax Rebates Coming Sooner!
Great news! The Treasury Department said Thursday that the special economic stimulus rebates would be distributed five days earlier than first said. The first round of rebates are expected to be sent starting Monday, April 28 rather than May 2 as previously thought. About 800,000 tax filers will receive rebates on Monday, Tuesday, and Wednesday. [...]
When to Expect Your Special Tax Rebate!
The IRS will begin to send approximately 130 million tax rebate payments to boost the economy starting on May 2. Most people will receive their rebates by July 11 if tax returns are filed by the April 15th deadline. The IRS takes about two weeks to process a return. Here’s a full schedule for the [...]
Buffett’s the World’s Richest Man
Warren Buffett is now the richest man in the world with an estimated $62 billion mostly due to the stock price of Berkshire Hathaway (his company). Mexican Carlos Slim is now at number two with an estimated $60 billion fortune. He was number one for a little while. Bill Gates is now number three with [...]
Bush Signs $170 Billion Stimulus Package
Today President Bush is expected to sign the now $170 billion economic stimulus passed by Congress recently. He hopes that this will prevent a recession or lessen the impact. I’m not sure if it will work or not, but it sure will help a whole ton of low to middle income people. I’m not complaining [...]
Fed Cuts Rates Again…Here’s Your Action Plan!
The Fed recently cut the federal funds rate (the rate that affects consumer loans such as home equity lines of credit, auto loans, and credit cards) by a half percent after cutting it by three-quarters of a percent on January 22 in an emergency meeting. The federal funds rates now stands at 3% which is [...]
Are You Part of the $150 Billion Stimulus Package?
The proposed $150 billion “economic stimulus package” by President Bush is promising rebates of between $300 and $1200 or more to the low and middle class people of the United States to help kickstart the economy by giving money to those who are most likely to spend it. Why don’t you go against the current [...]
Sharebuilder/ING Direct New Changes
Since ING Direct purchased and acquired ShareBuilder on November 19, 2007 for $220 million, everyone was wondering what changes would come about. Well, there’s good news! Not only did they change the color scheme, but the price for real-time trades has gone down to $9.95 per trade rather than the old $15.95. That’s a 35% [...]
ING, WaMu Drop Online Savings Rates
ING Direct recently dropped their Orange Savings rate from 4.30% to 4.20% due to the recent Fed rate cut. You can still get their $25 for opening an account. If you’re interested, send me an email! WaMu’s online savings account also dropped recently from 5.00% to 4.75%. It’s still a great rate from a reputable [...]
FNBO, Others Lower Online Savings Interest Rates
Since the Fed lowered the discount rate (the rate at which it lends money to banks), many online savings accounts have followed and have lowered their rates. FNBO Direct was offering a 6% promotion but is now offering a still-respectable 5.05%. Here is an interest rate round-up from around the web: ING Direct: 4.5% to [...]
The Dow Takes a Hit (And How to Survive It)
The Dow took a huge hit today! It was the second largest point drop so far this year (-311). The biggest was -416 on February 27, 2007. The largest point drop in history was when the market opened back up on September 17, 2001 after September 11th (-685). The thing about any drops (or gains) [...]