If you file for Chapter 7 or 11, it will remain on your credit report for up to 10 years. If you file for Chapter 13, it may stay on your report for up to seven years. A Chapter 11 bankruptcy will stay on the business's credit report, not the individual owner's, unless they file a personal bankruptcy.
Answer:Purchasing power in todayâs dollars = $289,287/1.02536 = $118,924. 4) You plan to save $7,000 each of the next 40 years, and invest that money in an account that pays 9% annual interest. In addition, you plan to pay for your childâs college education beginning in 20 years.
U.S. savings bonds are another supersafe investment for money you can tie up for a year. EE bonds pay low rates (0.6%) but I-bonds pay an attractive 3.06%. You can cash in savings bonds after 12 months, but if you redeem them before five years have passed, you forfeit the last three monthsâ worth of interest.ollow @LGers Follow @Kiplinger. For savers, the days of earning tantalizing rates on a wad of cash seem like a distant dream. If you need a safe place to park your money now, the prospects arenât pretty. Money funds are paying almost nothing.