gov I bonds pay 9.6%
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gov I bonds pay 9.6% (by Hollis [MA]) Sep 30, 2022 9:16 AM
       gov I bonds pay 9.6% (by Dee Ann [WI]) Sep 30, 2022 9:44 AM
       gov I bonds pay 9.6% (by Oregon Woodsmoke [ID]) Sep 30, 2022 9:44 AM
       gov I bonds pay 9.6% (by RB [TN]) Sep 30, 2022 9:53 AM
       gov I bonds pay 9.6% (by S i d [MO]) Sep 30, 2022 10:46 AM
       gov I bonds pay 9.6% (by hollis [MA]) Sep 30, 2022 10:51 AM
       gov I bonds pay 9.6% (by Homer [TX]) Sep 30, 2022 11:11 AM
       gov I bonds pay 9.6% (by WMH [NC]) Sep 30, 2022 11:16 AM
       gov I bonds pay 9.6% (by TonyB [PA]) Sep 30, 2022 7:08 PM
       gov I bonds pay 9.6% (by John... [MI]) Oct 1, 2022 3:56 PM

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gov I bonds pay 9.6% (by Hollis [MA]) Posted on: Sep 30, 2022 9:16 AM
Message:

bonds ,now

But you DO have to put in 10K to buy one --37.19.xxx.xxx




gov I bonds pay 9.6% (by Dee Ann [WI]) Posted on: Sep 30, 2022 9:44 AM
Message:

We just did that this week for hubby. As doing it, thought you could buy several increments beginning with $25. That's what I was going to do, because if we need some $, I don't want to have to break a $10,000 I bond if I only needed $1000.

Are you certain about that HOLLIS? Can you cite where you read this? Haven't done mine yet. --75.11.xx.xx




gov I bonds pay 9.6% (by Oregon Woodsmoke [ID]) Posted on: Sep 30, 2022 9:44 AM
Message:

How long is your money tied up? --76.178.xxx.xxx




gov I bonds pay 9.6% (by RB [TN]) Posted on: Sep 30, 2022 9:53 AM
Message:

Hollis,

Come back and tell us all ya know ! --24.183.xxx.xxx




gov I bonds pay 9.6% (by S i d [MO]) Posted on: Sep 30, 2022 10:46 AM
Message:

To answer your question: no, you can purchase electronically in denominations as small as $25.

Source: treasurydirect.gov/indiv/products/prod_ibonds_glance.htm

I'm not a fan of bonds in general. Too many Cons compared to real estate and with I-bonds there are too many rules and not enough benefits to offset them.

--184.4.xx.xx




gov I bonds pay 9.6% (by hollis [MA]) Posted on: Sep 30, 2022 10:51 AM
Message:

Well 10,000 is the max you can buy per year,..however wife and kids can also buy that much,

You certainly can buy smaller amounts

here is one article on the matter,

*********************************************************

Have $10,000 or less that's sitting there and depreciating in value as inflation makes literally everything but a free walk in the park more...

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

Have $10,000 or less that's sitting there and depreciating in value as inflation makes literally everything but a free walk in the park more expensive? The US Treasury Department may have just the tonic to make things feel a little bit better.

On Monday, the Treasury announced that Series I savings bonds, an inflation-protected investment backed by the US government, will pay 9.62% interest through October 2022.

A Bond Like No Other

Series I savings bonds are more commonly known as I Bonds, but obviously have nothing to do with iPhones, iBooks, or iMacs, apart from prescient branding. What makes them unique is that they pay a fixed rate of return set by the Treasury Department as well as an inflation-adjusted variable rate of return. The second of these changes every six months and moves in tandem with the Consumer Price Index (CPI). In other words, the money that goes into these bonds is protected from inflation by one of the most creditworthy institutions in the world -- the US government.

Is there a catch to this too-good-to-be-true scenario? Of course there is:

You can only buy a maximum of $10,000 in I Bonds per calendar year (though as little as $25), and they must be purchased on the government portal treasurydirect.gov. Buyers can stretch that a little further by using their federal tax refund to buy an extra $5,000 worth of I bonds, or buying them through businesses, trusts, or estates.

While the 9.6% inflation-adjusted rate set Monday -- based on the latest CPI data from March, which pegged annual inflation at 8.5% -- is the highest since the I Bonds launched in 1998, the bonds can only be redeemed after a full year.

"Even if future inflation numbers go back to normal, that would still result in a competitive return for I Bonds over the next couple of years," wrote Ken Tumin, an analyst at Lending Tree. "The primary downside of I Bonds is the purchase limit."

Cashout Caveat: I bonds mature after 30 years, so investors can earn interest on them for a good three decades. If you cash out before five years, however, expect a penalty: the last three months of interest. In a year featuring the S&P 500 down by almost 15% and economic headwinds galore, even that might be worth it in 12 months' time.

--66.30.xx.xxx




gov I bonds pay 9.6% (by Homer [TX]) Posted on: Sep 30, 2022 11:11 AM
Message:

Iíve been buying I bonds for about 5 years now. Currently the rate is 9.62, although some of mine from the past are paying over 10 percent. I prefer to buy in smaller increments, so when the time comes, I can just take what I need. The 10k a year is disappointing though. Iíve also been buying treasury bills, just last week, the 6 month bill was at 3.9 percent. I prefer the bond, but, like I said the limit of 10k a year is disappointing. --47.32.xxx.xxx




gov I bonds pay 9.6% (by WMH [NC]) Posted on: Sep 30, 2022 11:16 AM
Message:

You can also buy bonds for entities, such as LLCs (look up the rules though. Might need to be sole owner? Forget.)

We've done the $10k for us and my kids have done it too. Can't buy for grandchildren, only parents can do that. --50.82.xxx.xxx




gov I bonds pay 9.6% (by TonyB [PA]) Posted on: Sep 30, 2022 7:08 PM
Message:

You CAN buy more than $10k a year. I bought 60k last month. Hereís how:

Wife & I both opened account and each bought our 10k limit.

Next we each bought 2 10k bonds and placed in our gift box as a gift for the other. The pros? All 60k begins earning interest immediately and the clock starts counting down for the minimum holding period. The Con? The person receiving the gift still cannot acquire more than 10k in i-bonds a year. So if my wife purchases $5000 next year she can only receive $5000 from my gift box next year as a gift.

When you set this up you want to make the other partner a POD on the account (payable on death)

Also, remember in addition to the 10k limit you can use up to 5k of your tax refund to purchase additional bonds. --173.67.xxx.xx




gov I bonds pay 9.6% (by John... [MI]) Posted on: Oct 1, 2022 3:56 PM
Message:

A couple things not mentioned above...

The limit is $10k per year per person with the exception that you can actually do another $5k if it is from a tax refund. So, you can really do $15k per year per entity if you wanted to.

You need to leave them for at least a year.

If you take them out before 5 years, you lose the last 3 months of interest.

Just FYI.

We did $20k worth last year and will do another for next year. It is a good use of money that was just sitting as cash anyhow. "Emergency" reserves and such.

--24.180.xxx.xx



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