By Treasurer David McRae The Tax Cuts and Jobs Act of 2017 under President Trump was largely responsible for the growing economy and increasing wages we experienced in America before the pandemic changed everything in 2020. While the changes the law enacted were enormously beneficial, and I hope Congress will make the law permanent, it contained one provision Congress should … Read More

By Treasurer David McRae Last year the Unclaimed Savings Bond Act became law as part of the annual federal funding bill. This will help Americans claim over $29 billion in matured, unredeemed savings bonds currently held by the U.S. Treasury, including an estimated $215 million belonging to Mississippians. Matured bonds are those that are no longer earning interest. U.S. Savings … Read More

By Treasurer David McRae If you’ve read my column before, you’ve likely heard me talk about the importance of maxing out any match your employer offers when it comes to your 401(k). I’ve given many reasons for this: Social Security simply won’t be enough to pay all your retirement bills, it’s essentially free money from your employer, and compound interest … Read More

By Treasurer David McRae: Presidents Day is a holiday many of us easily overlook. It’s an excuse for a long weekend in the middle of winter, but how often do we look beyond the seemingly endless retail sales to reflect on the history and meaning of this holiday? We celebrate Presidents Day on the third Monday of February each year. … Read More

By Treasurer David McRae This year the state of Israel celebrates its 75-year anniversary, and Mississippians are playing a small role in supporting our friends there. While Middle East Christian communities are being destroyed by daily threats of terror attacks, imprisonment, and even execution, Israel’s 200,000 Christians are the exception, living in relative peace in the only thriving democracy in … Read More

Jackson, MS – State Treasurer David McRae joined more than 100 organizations and elected officials to protect retirees from dangerous investment management practices. Addressed to Congress, the letter urges the U.S. House and Senate to stop retirement fund managers from engaging in Environmental, Social, and Governance (ESG) investment, if it would negatively impact retirees’ savings or expose them to additional risks. The … Read More

By: Treasurer David McRae What do you want to be when you grow up? We have all faced and been challenged by that question at one point or another. For our kids who are currently dreaming about future professions, many will answer, “doctor,” or “fireman,” or “policeman,” or even “President.” That’s the beauty of the next generation. They have boundless … Read More

By Treasurer David McRae Many of you have heard or seen me discussing unclaimed money since taking office as Mississippi’s Treasurer. Our team has made finding and returning our citizens’ money a top priority. For example, Treasury partnered with the Mississippi Department of Human Services (MDHS) to distribute unclaimed money belonging to individuals with past due child support to Mississippi … Read More

By Treasurer David McRae In the recently passed omnibus spending bill, Congress made some positive changes to the ABLE Act and to 529 education savings plans. Prior to 2014, Americans with disabilities were extremely limited in the ability to save and invest for the future. In fact, just $2,000 in savings could disqualify someone from receiving other essential benefits and … Read More

By Treasurer David McRae I want to wish everyone a very happy new year! Before we look forward to 2023 and beyond (which I’ll do in just a moment), I want to look back at the year that was because it was quite a year. Let me just run through a couple metrics for you. Since I assumed office in … Read More