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You have until the end of October to get I-bonds at 9.62%
09-23-2022, 09:08 PM
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#31
- Johnez
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- Johnez
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Will do more research, but in the meantime is buying these in retirement accounts considered a waste? Considering these for my Roth, which is funded with after tax money.
Virtue is its own reward.
09-23-2022, 09:21 PM
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#32
- mulletwarrior
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- mulletwarrior
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I had thought about these earlier this year, but the hassle for just $10k I said nah. Maybe I will reconsider.
mo e
09-23-2022, 09:22 PM
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#33
- headturner1
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- headturner1
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Originally Posted By DolphinPilot⏩
True for savings, not true for bonds like these until you cash them.wait, really? I used to have a bunch of money in a high-yield savings account (as high as they usually get...) and I ended up being taxed on that **** at 100%, basically. Filed my taxes, had a promised return of $550 or so, plugged in my 1099-INT, stated I made $60 in interest in my savings account, new refund = $490.
I think I'll pass on this, unless I'm missing something else about i-bonds
I think I'll pass on this, unless I'm missing something else about i-bonds
Had the same thing happen man, grandma left me a bunch of EE us savings bonds and cashed them in.. got taxed fukin hard that year bro.
09-24-2022, 03:31 AM
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#34
Originally Posted By bicmane⏩
It's not a free tank of gas if the inflation is also 9.6% ayyyyyyyy lahmaooYou get $83.33 a month.
That's like a free tank of gas a month for investing 10k.
I think it would only be a great deal if you could invest up to 100k/year
That's like a free tank of gas a month for investing 10k.
I think it would only be a great deal if you could invest up to 100k/year
09-24-2022, 04:08 AM
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#35
- IPoopStandingUp
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- IPoopStandingUp
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I bought 5k earlier this year was planning on another 5 before end of year. Didn't realize rate was changing in October.
09-24-2022, 11:47 AM
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#36
- JeepBruh
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- JeepBruh
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Originally Posted By IPoopStandingUp⏩
Basically what I did. Bought $5k a few months ago just to have skin in the game and waited until now to see if the CPI would go higher before November. Doesn't look like it will so bought the other $5k to max it out. Will probably buy another $10k January as well even if it gets adjusted down to ~7%I bought 5k earlier this year was planning on another 5 before end of year. Didn't realize rate was changing in October.
09-25-2022, 10:33 AM
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#37
- JeepBruh
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Originally Posted By mulletwarrior⏩
That's how I was at first and didn't want to go through the hassle of creating an account. 9.62% was just too good so I finally just did it and it was pretty quick.I had thought about these earlier this year, but the hassle for just $10k I said nah. Maybe I will reconsider.
Maybe the better way to think of it is now that the year is almost over that it is closer to $20K since you can buy again in January.
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