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re: Where to park $10k that's low risk?

Posted on 12/27/21 at 9:20 pm to
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35745 posts
Posted on 12/27/21 at 9:20 pm to
quote:

Only issue I have with this is creating more taxable income via the interest.



For me the only real risk is that I'm converting part of my emergency fund to I-bonds. So as long as I don't need that part of my e-fund in the next 12 months I should be good. It would take something truly catastrophic for that to happen but that's the risk.

Otherwise that 10k would be sitting in an ally account collecting 0.5% interest (and falling).

You also don't have to pay the taxes on the interest until you redeem.
This post was edited on 12/27/21 at 9:26 pm
Posted by lynxcat
Member since Jan 2008
24265 posts
Posted on 12/27/21 at 9:22 pm to
quote:

You also don't have to pay the taxes on the interest until you redeem.


So you don’t receive a coupon payment in the interim?
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