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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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File: 12 KB, 658x217, ibond689.png [View same] [iqdb] [saucenao] [google]
53098889 No.53098889 [Reply] [Original]

Reminder that you can purchase up to 10k in I Bonds starting today for 2023 tax year. You can sell after 12 months (penalized 3 months interest). You can sell penalty free after 5 years. You can hodl for 30 years.

>> No.53098915
File: 48 KB, 921x570, i bond 6.89 example.png [View same] [iqdb] [saucenao] [google]
53098915

Here is the rate broken down. Last year's enormous 9.89% had a fixed rate of zero. This new rate offers a fixed 0.4%.

>> No.53098935
File: 61 KB, 927x773, i bond interest rate change schedule.png [View same] [iqdb] [saucenao] [google]
53098935

This table shows when your I Bond rate is scheduled to change.

>> No.53099151
File: 252 KB, 640x785, 34D6D486-37AA-4A3D-BABC-EC4E07A99647.jpg [View same] [iqdb] [saucenao] [google]
53099151

Other advantages:
- No state or local taxes on gains.
- No taxes at all if you redeem for education expenses.
- You can pay all the tax at once when you redeem instead of a little bit every year. So you can delay the tax for decades and time it for when you’re in a low tax bracket.

>> No.53099179

>>53098889
oh wow what a great opportunity, i will only lose 10% to inflation instead of 15%

>> No.53099240

>>53098889
Imagine longing dollars in 2023

>> No.53099258

>>53098889
>buying ibonds at the beginning of the month and not the end
Pleb tier analysis OP

>> No.53099399

>>53099240
They’re actually a way to avoid the weakening dollar. The interest rate changes every six months to cancel out inflation.

>> No.53099429

>>53099258
This anon gets it. You can get a free month of interest.

>> No.53099514

tfw anons are revealing their true power levels

tfw biz is slowly moving away from crapto

>> No.53099575

if the government is admitting we have over 6% inflation we're all fucked

>> No.53099590
File: 38 KB, 680x577, 1655041063583.jpg [View same] [iqdb] [saucenao] [google]
53099590

>>53099179
You will lose 0% to inflation instead of 6.48%