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workerONE ,

Max out your yearly maximum of $10,000 in Series I savings bonds, purchased from the US Treasury.

Or, like others are probably saying, create your own retirement portfolio that allows you to defer income tax payments until you retire.

CmdrShepard ,

They’re only paying like 3.6% right now. I’ve been earning more interest in a high yield savings account lately and it doesn’t have all the withdrawal penalties.

workerONE ,

The current rate is 5.27% Yeah if you withdraw before 5 years you lose the last three months of interest.

www.treasurydirect.gov/…/i-bonds-interest-rates/

tburkhol ,

Recently purchased bonds are paying 5.27 Older ones pay more like 4. www.treasurydirect.gov/…/i-bond-rate-chart.pdf

They’re structured to pay barely more than inflation - 0.0-0.5% more through most of this century - which means that even the 5.27% rate on todays bonds will fall when inflation goes back to its 2% target. They’re about the safest investment you can make, but you’re not going to increase your purchasing power.

CmdrShepard ,

The rates will update every 6 months on both ends, but depending on when you buy, your new 6-month rate may lag behind by 1-5 months after they’ve changed it on their end.

CmdrShepard ,

Mine likely have not updated to the new rate yet. I was just on the Treasury Direct site and am still receiving 3.6%.

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