Want Next Level I bond tips like how to avoid the 3 month interest penalty, how to buy MORE than $15k in I-bonds each year, and how to buy I bonds WITHOUT dealing with Treasury Direct? You’ll find all that and more in this video!
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LEARN MORE ABOUT: Treasury Inflation Protected Securities
REVEALED: Best Investment During Inflation
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I Bonds, also known as inflation-indexed savings bonds, are a popular choice for many investors looking to protect their savings from the effects of inflation. These bonds are offered by the United States Treasury and provide a guaranteed return on investment, making them a safe and reliable choice. However, there are a few tips the Treasury may not want you to know about I Bonds that can help you maximize your savings.
1. Buy I Bonds Directly From the Treasury
Many financial institutions and brokerage firms offer I Bonds for purchase, but they often charge fees and commissions that can cut into your returns. Instead, consider buying I Bonds directly from the Treasury through their website, TreasuryDirect.gov. This will allow you to avoid any unnecessary fees and maximize your returns.
2. Invest the Maximum Amount
The Treasury sets a yearly limit on how much you can invest in I Bonds, currently set at $10,000 per person. However, many investors are not aware that there is also a limit on how much you can purchase with your tax refund. By using your tax refund, you can invest up to an additional $5,000 in I Bonds each year, for a total investment of $15,000. This can help you maximize your investments and earn even more interest.
3. Consider Series I Bonds Over Series EE Bonds
While both Series I and Series EE Bonds offer a fixed interest rate, Series I Bonds also offer an inflation-adjusted rate that can provide higher returns in the long run. The inflation adjustment is calculated twice a year, based on changes in the Consumer Price Index (CPI), which measures the price changes of goods and services in the economy. This can help protect your savings from the effects of inflation over time and provide a better return on investment.
4. Hold I Bonds for at Least Five Years
While I Bonds can be redeemed at any time after 12 months, it’s important to hold them for at least five years to avoid any penalties. If you cash in your I Bonds before five years, you will lose the last three months of interest earned. By waiting the full five years, you will earn the maximum amount of interest and avoid any penalties.
In conclusion, while I Bonds can be a safe and reliable investment choice, there are a few tips and tricks you can use to maximize your returns. By buying directly from the Treasury, investing the maximum amount, choosing Series I Bonds over Series EE Bonds, and holding your investment for at least five years, you can increase your savings and protect them from the effects of inflation.
Buy I-Bonds at Yotta Bank https://api.fintelconnect.com/t/l/635723fe72c4c2001bc9ab59
Where were you when I bought my I-bonds? I already bought 10k in March
What about POD, joint ownership, and beneficiary info?
If I buy $10k of iBonds today will I at least be guaranteeed to have that $10K in 5 years with no penalty? Also the interest rate fluctuates per inflation correct? Like I am not guranteed the inflation rate of the date I buy correct?
I opened a new account with treasury direct and funded. After funding the account, it is locked. When I tried to login, says error contact a telephone number , not asked security question or password. How can I get my money back?
Is it better to cash them out after 12 months, or leave it in ? Any implications if you dont cash out after 12 months?
How about this fact pattern. Married couple filing jointly with a refund of say $13,000. In calendar 2022 they each bought $10,000 of I Bonds through Treasury Direct. In early calendar 2023 they are filing their federal income tax return and want to maximize the portion of the refund that is allocated to I Bond purchases. The question is what amount of refund can they direct to I Bond purchases?
Logic, which frequently does not prevail for federal income tax, suggests the answer is $10,000, $5,000 for each of them. Seemingly they would request that through IRS Form 888. By that means they would request an electronic deposit to their checking account (there are alternatives) of $3,000 and $5,000 for each of them in I Bonds. Will that produce the desired result?
What do you think? By the way this is my real tax pattern and that's how I prepared my income tax return including Form 8888. I'll let you know what happens.
Tfs! Interested in buying ibonds in April. Question, if I buy ibonds in April and the rate is higher for May, how can I get the higher rate? Thanks in advance
Hi, Thanks for the video. How can I cash out my I-Bond ?
You may want to double check your information about the interest on the month that you withdraw. I don't believe you get the full month of the interest when you withdraw. In-fact you don't get any interest for the month that you withdraw. So the technique of buying it towards the end of the month and redeeming it at the beginning of the month still applies, it's just that you only get to avoid a little less than 1 month of penalty.
Any idea on the semi annual interest rate coming in November? I’m seeing predictions between 6.5% to 8.5%
Jay, if I bought a new Stern Pinball machine for $10K, instead of ibonds, would I get a better return on my pinball machine if I sold it in 5 years, than if I bought and sold ibonds in those 5 years?
Killer video. Thanks for the info
Hey man I’m alittle confused can you help out if I would to buy now i bonds would I be getting that 9.62% for 6 months or will it be whatever interest it’s going to be fixed on nov 1st
Thank you , I bought 10k and my wife bought 10 k can we also buy 10k for each other as a gift the same calendar year? Your response will be appreciated
Hi Jay. This is a GREAT video. Very smart and very helpful. Super cool. Are all these "tricks" (via LLC, a Trust …) – is that also applicable for EE series bonds or only for I Bonds ? Thanks ! Great channel.
Hold my beer, calling Janet Yellen to let her know you’re exposing this info! Have her on speed dial