Your Money: Jul. 20, 1998

BONDS ON THE RISE

Inflation hasn't reared its ugly head of late, but the Treasury wants investors to be ready if it returns. Last week the government introduced a new class of affordable, inflation-indexed savings bonds to protect investors even if the cost of living is ballooning. Interest on the bonds, which debut Sept. 1 in denominations ranging from $50 to $10,000, will be tax deferred until cashed in and may be tax exempt if used to help fund college or other higher learning.

FIGHT BACK AGAINST THE IRS

Now that Congress has passed an IRS-reform bill, a few million taxpayers...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!