6
Getting Personal
Economics editor Chris Farrell
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About the author
Christopher Farrell is economics editor of Marketplace Money, a nationally syndicated one-hour weekly personal finance show produced by American Public Media.
Chris - on the May 25th show you said I bonds would yield no interest earnings. Isn't that just for new issues? If one bought I bonds in an earlier period, say 2001, wouldn't at least the base, fixed, rate at issue be paid? It sounded like no interest would be earned on any bonds during this May - October period.
Thank you.
I am the father of a 30 year old single female who works as a nanny making approximately $16,000 to $20,000 a year. She lives by herself and has no outside help. She refuses to apply for welfare assistance. She has incurred a credit card debt of well over $20,000 and needs to restructure it as creditors are now beginning to pursue her.
What is the best advice I could give her tyo address this situation at this time?
Thank you for your attention.
chris i enjoy your personnel comments on finances, but your confidence on i bonds with 100 per cent backing by the u.s. government for future rate increases is scary. the u.s. goverment is trillions of dollors in debt without counting future obligations past 2040 for medicare and social security. we cannot go on borrowing and spending. the floor will someday fall out from our feet. sicerely terry johnson city tn.
Regarding your conversation on disability insurance - for many 'white collar' professions when a severe disability may be the only way for a person to not make a living, would a comprehensive long-term care policy be a reasonable alternative to disability insurance? You would be covering two risks - catastrophic disability immediately and longer term age based incapacity. Additionally, if you purchase this at a young age, the premiums might be low enough to consider a 10-pay premium option and have a policy in force for life (based on the strength of the insurer of course!).
