Can’t cash for 5 years and 30 years to maturity.

I understand you pay federal tax but not state or local tax?

US savings bond. Great gifts for kids and grand kids.

lose money. You can cash them after one year, there is a 3 month penalty but that is offset because
there is no State or Local tax. After 5 years there is no penalty for cashing them and again they are
state and local tax free. Only downside I know is you can only buy $10000 in 1 calendar year you can
also have your tax refund in I-Bonds up to an additional $5000.

am in my mid sixties. Still a good idea for someone my age?

less than 6 months.

If held just 6 months: earn 9.62%/2 = 4.81%. Less 3 months interest penalty = 9.62/4 = 2.405%, Leaving you ahead 2.405% for the 6 month period (state and local tax free). An annualized 4.81% rate of return.

Note: can't be held in an IRA.

the interest is 9.62%. Sure beats .30% interest in a bank.

interest rate. Can I go through my financial advisor to get these I-Bonds or directly to treasury department.

through a financial advisor but I am sure he will come up with something else that will give him a
good potion of your money.

Thanks for info

Zweig / Wall St Journal 5/1/22 :