profile

Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

⏱️ the government is shut down

Published about 2 months ago • 1 min read

Good morning Reader,

The government shut down today, the first time since 2018 through 2019 when it was closed for 35 days, and there's no sense of how long it will be this time.

This time is a little different though for two big reasons:

  • There's no fear of the government hitting the debt limit, so payments will still get sent out
  • President Trump has threatened mass firings rather than furloughs

I assume someone is already working on a remake of "Takedown" from KPop Demon Hunters. 🎶

​

​(View this email as a webpage)​

🕰️ What a government shutdown impacts

As I mentioned at the top, this shutdown is different than the last one and since I'm not an expert, I did some research.

I'm still not an expert, but here's a good explainer from TIPS Watch, that is written by David Enna, a long time journalist and someone whose thinking I have followed for some time.

​👉 U.S. goverment shutdown: what does it mean?​

​

💵 Barclays $200 bonus

If you have a sizable chunk of cash ($30k+) you need to keep in a savings account (emergency fund, opportunity fund, etc.), consider moving it to Barclays and getting paid $200 for it.

It's a bank bonus that does not require a direct deposit.

Check out the details:

​👉 How to get $200 from Barclays Bank​

​📢 If you want to get emailed about bank bonuses, click here.​

​

💵 More states stop taxing retirement income

9 states don't tax income at all
13 states don't tax defined contribution plans
15 states don't tax pensions
35 states don't tax military pensions
41 states don't tax social security

Every year, more states exempt retirement income.

While I wouldn't let the tax tail wag the retirement decision dog, it's an important consideration if you're on fixed income!

​👉 See the states that don't tax retirement income​

(if you like the article, make sure you follow us on MSN!)

​

What did you think of today's email?​
✅ I Loved It! 🟨 It Was Okay ❌ Not My Favorite​

​

Talk to you soon!

Jim

​

PS. Amazon is now offering a small bribe of $5 if you try "in garage delivery" if you have a smart garage - assuming you could, would you be comfortable with this?

​

​(see archive of previous emails)​

You signed up for this newsletter via wallethacks.com​

We respect you and your attention. If you no longer wish to get emails from us, you can unsubscribe and we will still be friends.​

If you like sending gifts, we like getting them here - P.O Box 323, Fulton, MD 20759

Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

💵 Founder of WalletHacks.com

I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.

Read more from Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

Good morning Reader, At last check, the government looks to be on the verge of reopening after eight Democrats agreed to the resolution in return for a promise of a vote on Affordable Care Act subsidies. Despite what you may think about the politics of the matter, we can all agree it's crazy our country punishes itself like this every few months. Oh, and in the meantime, we haven't gotten any government reports but Goldman Sachs thinks we lost 50,000 jobs in October. That's not good. (View...

6 days ago • 1 min read

Good morning Reader, I've been playing around with the idea of creating a community where we could all hang out - share ideas, ask questions, etc. - is that something you'd be interested in? Hit reply and let me know what you think (good or bad!) - I'd love to hear your thoughts on something like this. (View this email as a webpage) 🥶 Freeze your credit reports There is a no-cost way to stop identity thieves in their tracks and takes must a few minutes to set up. You should do this today. I...

13 days ago • 1 min read

Good morning Reader, Quick heads up: This afternoon, the Fed will announce what it'll do with interest rates and traders expect it'll get lowered by 25 basis points to 3.75-4.00%. (nationally available CD Rates are mostly under 4% these days) When rates go down, borrowers get rewarded and savers get punished. It's cheaper to borrow and you get paid less to save. The economy will like it, as companies like to borrow money, but remember that if you want to get higher yield on your savings, lock...

20 days ago • 1 min read