When you take advantage of the tax code’s offset game, your stock market portfolio can represent a little gold mine of opportunities to reduce your 2022 income taxes.
All in investing
Investing in Treasury Inflation-Protected Securities (TIPS)
If you are thinking of investing conservatively but in a way that also offers some inflation protection, here’s an option to consider.
Earn 9.62 Percent Tax-Deferred with Series I Bonds
Through October 2022, you can buy Series I bonds that pay 9.62 percent interest. And you receive that rate for six months from the time of purchase.
The interest you earn for the first six months gets added to the principal, and you earn interest on that interest during the next six months (think compound interest).
IRA's for Kids
Working at a tender age is an American tradition. What isn’t so traditional is the notion of kids contributing to their own IRA, especially a Roth IRA. But it should be a tradition, because it’s a really good idea. Here’s what you need to know about IRAs for kids.