Savings/investments/bonds Master Thread.

[incendia]

I am looking at it as you want 3.5%/6mo and then 7%/6mo or 7%/6mo and take your chances that in 6mo it will be more than 3.5%. Do I have it wrong?

Is is guaranteed that the 2nd 6months will be at 7+% isn't there a risk that inflation will come down between now and then?

[CountValentine]

Is is guaranteed that the 2nd 6months will be at 7+% isn't there a risk that inflation will come down between now and then?

Yes inflation will probably come down but below 3.5%? If not then I will make out.

[Spoon]

Guess I will roll the dice. 

Have you decided which way you’ll go? Not sure whether to do Oct or Nov

[Mf1]

Is there a way to cash out I bonds before 12 months

Say if one were to forfeit the interest?

[CountValentine]

Have you decided which way you’ll go? Not sure whether to do Oct or Nov

Nov

[CountValentine]

Is there a way to cash out I bonds before 12 months

Say if one were to forfeit the interest?

Does not look like it.

[Spoon]

Is there a way to cash out I bonds before 12 months

Say if one were to forfeit the interest?

No

[Spoon]

Nov

Interesting I guess you think Inflation isn’t coming down anytime soon…

From what I understand 3.52% is pretty high to begin with.

[Shmulie]

https://www.doctorofcredit.com/us-treasury-bonds-rate-set-to-increase-to-7-12-rate-i-bonds/

Huge. The perks of hyperinflation, @Kobe Bryant

Does the Feds decision today to slow bond buying have any effect on this?

I know very little about bonds but was planning on taking advantage of this at the end of this month

[CountValentine]

No, you get that rate for 6 months.

[Euclid]

Has anyone have their interest on I-Bonds post? I thought it pays out monthly, but I bought on 10/7 and don't see any interest in my account...

[Der Deutsche Jude]

Has anyone have their interest on I-Bonds post? I thought it pays out monthly, but I bought on 10/7 and don't see any interest in my account...

I believe it only begins accruing last day of the month that you put money in

[Euclid]

Has anyone have their interest on I-Bonds post? I thought it pays out monthly, but I bought on 10/7 and don't see any interest in my account...

Thank you for your inquiry.

The interest applied to your purchase is 3.54%. Interest is not posted until the fourth month from the issue date. Please read below.

Interest is not posted until the fourth month from the issue date.  That three-month interest penalty is automatically deducted from your account and that is why the interest does not show up until four months after the bonds are issued.  Once the bonds have been held five years from their issue dates, there is no longer an interest penalty, and the redemption value for the bonds will reflect the full amount of interest for all the months the bonds have been held.

 

Electronic savings bonds accrue interest every month.  The interest is then compounded semi-annually.  Please note, electronic savings bonds must be held for five years from their issue dates to avoid a three-month interest penalty.  Since all our systems and calculators are programmed to provide the current redemption value (the amount you would receive if you redeemed the bond that day), the interest penalty is automatically included in the calculation.

 

Thank you for investing in TreasuryDirect®

Emailed them about it

[yeshivabucher]

What brokerage should i use for a 529 education plan?

[Euclid]

What brokerage should i use for a 529 education plan?

Which state are you in?

[yeshivabucher]

Which state are you in?

NY

[SOS]

Easiest way is through https://treasurydirect.gov/
EE - https://www.treasurydirect.gov/indiv/products/prod_eebonds_glance.htm
I - https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm

I just started with I bonds so ask away and can all learn together. 

https://www.doctorofcredit.com/us-treasury-bonds-rate-set-to-increase-to-7-12-rate-i-bonds/

Huge. The perks of hyperinflation, @Kobe Bryant

I am a noob when it comes to all retirement savings etc. Is this a good first step to take or should i look into IRA's etc first?

[Euclid]

I am a noob when it comes to all retirement savings etc. Is this a good first step to take or should i look into IRA's etc first?

Definitely look into Roth IRAs and/or IRAs first since they have tax benefits. You should try to invest with tax privileged accounts first, since you'll get a lot more bang for your buck.

[EliJelly]

I am a noob when it comes to all retirement savings etc. Is this a good first step to take or should i look into IRA's etc first?

I bonds is an actual investment product itself whereas Roth IRA/IRA are tax waived accounts from where you'll need to invest once opened and funded. Of course there's much more options and opportunities there.

[ushdadude]

What brokerage should i use for a 529 education plan?

https://www.nysaves.org/