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Post by Deleted on May 30, 2021 14:14:25 GMT
There was an article in WSJ recommending I Bonds.
They are yielding 3.54 %. Do not have state and local tax. But limit is only 10K per year per person.
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I bonds
May 30, 2021 16:18:18 GMT
via mobile
Post by yogibearbull on May 30, 2021 16:18:18 GMT
WSJ piece has posters suddenly asking about I-Bonds at various sites. Basically,
I-Bonds: OK vs 5-yr CDs. Amount limited.
EE-Bonds: Bad except when held for 20 yrs + 1 day.
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Post by Deleted on May 30, 2021 19:09:39 GMT
I bonds have two major restrictions - 1) One can only buy from treasury direct. 2) only 10k per person per year. With Spouse only 20k per year.
So not sure if it is really worth the trouble.
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Post by fishingrod on May 30, 2021 22:50:10 GMT
I bonds can also be purchased with your Federal Tax refund, paper bonds up to $5000 per year. In addition to the $10,000 in electronic I Bonds per year.
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Post by fishingrod on May 31, 2021 21:39:30 GMT
"How much in I bonds can I buy for myself?
In a calendar year, you can acquire:
up to $10,000 in electronic I bonds in TreasuryDirect up to $5,000 in paper I bonds using your federal income tax refund
Two points:
The limits apply separately, meaning you could acquire up to $15,000 in I bonds in a calendar year Bonds you buy for yourself and bonds you receive as gifts or via transfers count toward the limit. Two exceptions: If a bond is transferred to you due to the death of the original owner, the amount doesn't count toward your limit If you own a paper bond issued before 2008, you can convert it to an electronic bond in your account in TreasuryDirect regardless of the amount of the bond. (The annual limit before 2008 was greater than today's limit of $10,000.)"
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Post by anitya on May 31, 2021 22:34:13 GMT
I would not buy IBonds, which I own for more than 15 years, unless real rates are at least 1%. Current real rates in the US are zero to negative.
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