Answers to Ask-Post personal finance questions: Crypto scams, I bonds and interest rates

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There’s so much we need to know related to money that many people could use a personal assistant to manage their financial lives.

My husband and I have a regularly scheduled financial meeting on Monday evenings. We rarely get through the list of agenda items, which gets longer every week. We have to table so many things because we have to go searching for an answer before making a decision.

That’s the idea behind our new ASK-POST toll-free line (855-275-7678). I figure I can help you get answers to your most pressing personal finance questions.

Although I can’t answer all the questions that come in, I’ll pull some to address in a column every so often. Or, I’ll use some to write about a specific topic as I did recently in discussing the problems with the TreasuryDirect website during the onslaught of interest in Series I savings bonds.

Here are some answers to recent reader questions left on the phone line about cryptocurrency scams, high-yielding I bonds, savings interest rates and required minimum distributions on retirement accounts.

What can I do to warn my family and friends about cryptocurrency scams?

I have stressed myself out in recent years trying to protect people from Ponzi and pyramid schemes involving cryptocurrency.

So many people are suffering from FOMO, or the fear of missing out, on what they believe is the next great investment opportunity involving crypto. Folks are becoming reckless in the pursuit of becoming…

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