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Personal Finance and Investing

doc03

(37,294 posts)

4. I think they are a great investment. They are backed by the US government you can't

Reply to Rebl2 (Original post)

Mon May 9, 2022, 08:22 PM

May 2022

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.

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What exactly are [View all] Rebl2 May 2022 OP

Pretty much a long term investment. multigraincracker May 2022 #1

From what Rebl2 May 2022 #2

I think they are the new version of multigraincracker May 2022 #3

I think they are a great investment. They are backed by the US government you can't doc03 May 2022 #4

So I Rebl2 May 2022 #5

Yes, it's literally metaphysically impossible to make the case otherwise. Unless you held them for progree May 2022 #6

I am 74 I bought one in 2021 and one in 2022 May 1st I got 7.12%/$120 interest. After May 1st doc03 May 2022 #7

For sure better Rebl2 May 2022 #8

I think you have to buy them on Treasury Direct. I don't think you can get them doc03 May 2022 #9

No doubt 🫤 Rebl2 May 2022 #11

Only from TreasuryDirect.gov progree May 2022 #10

Thanks for info Rebl2 May 2022 #12

👍 progree May 2022 #13