The White House has previously said that the president “was never in business with his son.” House Oversight Chairman James Comer claimed in a video announcing the payment that “this wasn’t a payment from Hunter Biden’s personal account but an account for his corporation that received payments from China and other shady corners of the world.” A source familiar with the payment told CNN that Hunter Biden’s credit was low at the time while he was struggling with addiction, so he couldn’t finance the car and his father signed for the car, which was in Joe Biden’s name. The document states the payments would occur on a monthly basis, and the panel is aware of at least three monthly payments to Joe Biden in total, a source familiar with the committee’s work told CNN.īut documents provided to CNN appear to show that Hunter Biden was repaying his father for a Ford Raptor, information that had already been publicized. The redacted document provided to CNN shows that an account affiliated with Hunter Biden paid Joe Biden $1,380 on September 17, 2018. This should also serve as a reminder that any 2024 S&P 500 forecasts you read this month are also garbage.Republicans on the House Oversight Committee released a document showing payment from Hunter Biden’s business entity, Owasco PC, to President Joe Biden when he was not in office, but neglected to include evidence that the president’s son was repaying his father for a car. Here’s a chart of the S&P 500 total return for 2023 year-to-date (credit Ycharts). So while I still chase rates, 2/3rds of my investment portfolio remains held permanently in stocks. Even if we rate-chase and gain an extra 1% of “alpha”, that’s historically still not as good as stocks for the long run. Sometimes cash wins, sometimes inflation wins, but over the long arc, it’s basically been a a draw. Best of all, that amount is finally a good margin higher than inflation at the moment.īut for those of us with long investing horizons, we must remember that over that long horizon, cash (as tracked by Treasury bills) has historically only just barely kept up with inflation. $1,000,000 will earn out $50,000 year, absolutely guaranteed. Every $100,000 should earn you $5,000 a year in interest. Every $10,000 should earn you $500 a year in interest. Conservative savers had a very hard time earning hardly any interest and were falling behind inflation.Īs of December 2023, you are now able to take zero principal risk and yet earn 5% from both the top savings accounts and the top money market funds. And that was actually a very good relative rate as the Vanguard money market fund with a yield of essentially zero (0.01% APY). This serves as a good reminder that back in July 2021, the absolute top interest rate on an FDIC-insured savings account was redlining at… 1.00% APY. the rolling 3-month inflation rate from January 2017 through December 2023. There are a lot of zeros in that average! But this Axios article has an interesting chart comparing the top savings rate vs. Whenever an article mentions the “average savings account rate”, I find that information useless. However, it’s a quick click and worth a moment to check. I have significant assets at Fidelity across a variety of account types, from a Solo 401k to IRAs to a taxable brokerage account, and I did not qualify. There are many theories as to what characteristics you need at Fidelity to qualify for this offer, but I don’t know that there is any single thing that applies. Whether you’d like a tax expert to file for you, help you along the way, or you’d like to file on your own, take advantage of 30% off all TurboTax federal products. To help make tax time easier this year, Fidelity partnered with TurboTax. $5 for TurboTax Premier Desktop edition is a significant savings (worth at least ~$68 due to the lowest ever price of $73 at Amazon), but I don’t know that the lower 30% offer is really that much better than other discounts out there. Fidelity 30% off TurboTax link (you may get a 403 error, which I assume means you aren’t targeted).However, a more direct method is to simply visit one of these links below directly, log into your Fidelity account, and see if the offer link works. Select the link below to access your offer. To find out if you are eligible, it is suggested that you look for the offer under “Accounts & Trade” and then “Portfolio” and look for a tile with this offer.įidelity is pleased to offer you a free federal and state tax return using TurboTax Online Premium, or for $5 use TurboTax Premier desktop download. Fidelity Investments is offering selected customers free access to TurboTax Online Premium (Federal and State), or $5 for the TurboTax Premier Desktop edition.
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