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IBonds still getting 6.5%, any reason to pull it out?
Posted on 6/9/23 at 10:14 am
Posted on 6/9/23 at 10:14 am
So I have hit the 1.3 yrs mark on my IBonds so I will get the full years worth of interest. I am currently still getting right under 6.5%. Any reason I should pull this money out if I don't need it? Any better investments out there with the same level of safety?
TIA
TIA
9
Posted on 6/9/23 at 10:29 am to GREENHEAD22
TBills and CDs closing in on 5% if you want shorter duration. But no reason not to hold at this point IMO
Posted on 6/9/23 at 4:23 pm to GREENHEAD22
Just make sure to wait until 3 months after the 6.5% rate changes on your bonds before redeeming. Or you'll lose the last 3 months of 6.5% interest to the 5 year penalty.
Posted on 6/9/23 at 5:48 pm to GREENHEAD22
I was antsy to get my first ones redeemed because I was fearful of trouble with the site and logistics in general. It went fine. While I don’t know that I’d buy more right now, no reason to pull out what you’ve got.
Posted on 6/9/23 at 9:13 pm to turkish
quote:
I was antsy to get my first ones redeemed because I was fearful of trouble with the site and logistics in general. It went fine. While I don’t know that I’d buy more right now, no reason to pull out what you’ve got.
Same here
Posted on 6/9/23 at 9:13 pm to GREENHEAD22
quote:
any reason to pull it out?
“No” -Zion Williamson
Posted on 6/10/23 at 6:37 am to GREENHEAD22
I've been letting them ride since 2001. One of the first I bought was paying 10.23% last time I checked. Several others were paying 6.59%.
For the last few years, I max out 10k each for me and spouse, then forget about them.
I'll defer the fed income taxes by waiting to cash them in during retirement, when I'll likely be in a lower tax bracket.
For the last few years, I max out 10k each for me and spouse, then forget about them.
I'll defer the fed income taxes by waiting to cash them in during retirement, when I'll likely be in a lower tax bracket.
Posted on 6/10/23 at 7:46 am to GREENHEAD22
You are getting a .9% fixed rate on current purchases. That’s locking in an extra 1% essentially on top of any variable rate for the life of the bond. Not bad if you expect inflation to be a problem going forward. Also, no guarantee all these currently high checking account interest rates will last. Marcus is already lowering their rate substantially.
Posted on 6/11/23 at 10:22 am to Drizzt
Agree. As another mentioned, pay attention to the 3 month penalty if you pull out before 5 years. I generally plan to keep mine for 5 years or more. Inflation is not going away anytime soon.
Posted on 6/11/23 at 10:56 am to GREENHEAD22
Posted on 6/12/23 at 12:10 pm to GREENHEAD22
Posted on 6/12/23 at 12:14 pm to GREENHEAD22
No
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