RV_ Posted July 29, 2022 Report Share Posted July 29, 2022 I'm looking into these although they have limitations. Excerpt: "The inflation-indexed Series I savings bonds are red hot right now. Here are key things to know about buying them for yourself and your kids. The inflation-indexed Series I savings bonds are red hot right now. With the stock market down and savings account rates up a bit but still paying pitiful rates, a savings bond backed by the federal government paying 9.62 percent is like coming inside from an oppressive heat wave into an air-conditioned room. Now is a good time to buy this inflation-indexed savings bond The I bond was created as a hedge against inflation. Now that inflation is at a 40-year high, the bonds are a haven for people with funds they don’t need immediately. The 9.62 percent rate is good until the end of October. Several callers to ASK-POST (855-275-7678), my toll-free line, have been asking about I bonds and sharing their difficulties in buying them. One question in particular kept popping up. People wanted to know how to be sure to pass on the bonds if they died before cashing them. What to know (covered in the full article) How do I add a beneficiary for my I bonds? Are spouses who file joint tax returns restricted to the $10,000 annual purchase limit? Can I buy I bonds in my kids’ names? How do I verify my identity before buying an I bond? Will I still get the 9.62 percent rate if I run into glitches? Should I invest my monthly Social Security check in the stock market or an I bond? https://www.washingtonpost.com/business/2022/07/20/buying-inflation-indexed-i-bonds/ Safe investing! Quote RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
RV_ Posted August 3, 2022 Author Report Share Posted August 3, 2022 This article explains it better: https://www.nytimes.com/2022/05/03/business/inflation-bonds-rates.html Quote RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
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