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Started By
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re: Series I bond Rate is PREDICTED to be 9.62 for May
Posted on 4/17/22 at 10:29 pm to thelawnwranglers
Posted on 4/17/22 at 10:29 pm to thelawnwranglers
I see this come up. An argument against waiting is your money isn't earning anything where it's at right now.
Also, if you buy now, as an earlier poster stated, your blended rate will be 8% something. If you wait you'll get 9.62% in May but you don't know what November will be. November 2022 could be lower than the November 2021 rate that's in place now and so your blended 12 month rate could be worse.
But if you buy now and 11/22 rate is good, that seems like gravy to me.
Also, if you buy now, as an earlier poster stated, your blended rate will be 8% something. If you wait you'll get 9.62% in May but you don't know what November will be. November 2022 could be lower than the November 2021 rate that's in place now and so your blended 12 month rate could be worse.
But if you buy now and 11/22 rate is good, that seems like gravy to me.
This post was edited on 4/17/22 at 10:34 pm
1
Posted on 4/18/22 at 7:56 am to Teddy Ruxpin
I want to be clear that 9.62 is a prediction so far and will only be finalized on May 1st working day.
Lot of people are predicting same rate and is not confirmed.
Lot of people are predicting same rate and is not confirmed.
Posted on 4/18/22 at 8:39 am to Pendulum
"Bonds and cash are worthless"
-MB Consensus, 2019
-MB Consensus, 2019
Posted on 4/18/22 at 10:34 am to wutangfinancial
quote:
"Bonds and cash are worthless"
-MB Consensus, 2019
It's almost like as time changes, investments become more or less attractive
Posted on 4/18/22 at 11:57 am to glorymanutdtiger
Can someone tell me if there are tax benefits to investing in these I-Bonds? I live in a high tax state with my wife. What's the max she and I can invest in a year - also do the limits apply to a particular calendar year?
Posted on 4/18/22 at 12:11 pm to Street Hawk
Is the Treasury site the only way to get the i-bonds?
Posted on 4/18/22 at 12:46 pm to gpburdell
So regardless of how it comes, whether you purchase it or its a gift. No on single individual can get more than 10k worth a year correct?
Posted on 4/18/22 at 2:07 pm to Street Hawk
I-bonds are not subject to state and local tax.
Posted on 4/18/22 at 3:14 pm to Fat Bastard
quote:
cannot buy them with my solo401k even though it is a revocable trust and i am trustee.
I'm just buying with my LLC banking account and our personal accounts. Seems like you could buy as a trustee with moving money into your account rather than fill your 401k? Or you can fill your 401k and your bank account to buy as a trustee.
This post was edited on 4/18/22 at 3:15 pm
Posted on 4/18/22 at 3:22 pm to GREENHEAD22
quote:
Is the Treasury site the only way to get the i-bonds?
For most people. There's another way of doing it during your tax return if you have a refund as another option.
quote:
So regardless of how it comes, whether you purchase it or its a gift. No on single individual can get more than 10k worth a year correct?
Yes and no. Depends on how you identify individual. I'm an individual but I plan on doing about $30k between me and my 2 companies. Then, with the gifting process I can add even more.
You guys should check this link posted earlier https://thefinancebuff.com/tag/i-bonds
I read a few of their short articles and came away with a decent understanding and it's the first time I've looked into buying bonds.
Posted on 4/18/22 at 7:39 pm to Sho Nuff
Tried starting an account today and I have to mail in extra info for verification 
Posted on 4/18/22 at 8:11 pm to Fat Bastard
quote:
IF i could dump a quarter million now. at best i could put in 40k i think. i have a SS number and two EIN's (corp and trust) which gives me 30k and 10k for my wife.
You could actually do $60k and have it accessible in 1 year:
-$20k (corp and trust)
-$40k (You and your wife buy $10k each; then buy $10k gifts for one another). Just don't deliver the gifts until next year.
This post was edited on 4/18/22 at 8:12 pm
Posted on 4/18/22 at 10:17 pm to good_2_geaux
quote:
So with this being said, is it better to wait until May 1st to purchase or buy now?
Can someone please answer this question?
Posted on 4/19/22 at 6:25 am to rickgrimes
If you buy now you lock in the current rate of 7.12% for 6 months and the May rate (predicted at 9.62%) for the second 6 months. This gives you a blended rate of 8.37% for the first year of holding. Purchasing in May locks in the May rate for the first 6 months but there is no way of knowing what the November rate will be at this time.
I would buy now.
I would buy now.
This post was edited on 4/19/22 at 6:26 am
Posted on 4/19/22 at 6:51 am to rickgrimes
quote:
Can someone please answer this question?
Answered at top of this page
Posted on 4/19/22 at 7:53 am to iAmBatman
quote:
It's almost like as time changes, investments become more or less attractive
bingo. with these rates now and lesser risk 
Posted on 4/19/22 at 7:59 am to Sho Nuff
quote:
I'm just buying with my LLC banking account and our personal accounts. Seems like you could buy as a trustee with moving money into your account rather than fill your 401k? Or you can fill your 401k and your bank account to buy as a trustee.
maybe. i have to be real careful with pre-tax money and how i move it. I have my own checking account for it like with company account. i will have to research more. i guess worst case can at least do through company, personal and gifts. i can make up a dummy trust also if needed per that link posted.
Posted on 4/19/22 at 5:58 pm to CrawKing
7.12/2 + 9.62/2 = 8.37%, but buying in April improves your yield being the cash will only have been invested for a week or so. No one knows what the re-set rate will be Starting Nov 1. My wife and I have 30 EE $1000 face value bonds bought for $500 per bond that mature June 1, 2022 with well over $40k accrued interest which is going to blow our health care premium cost up when stacked on other investment income, kinda hard to have projected that one. The most impactful variable cost in early retirement is health care, from premiums on up, if you can even get in to see a doctor. Also have over $110k in I bonds that have fixed rate + variable inflation component which were a better deal. Bought $20k last Friday, will likely buy another 20 via gift this week. I would bitch about monetary policy as relates to "safe" fixed income but with the multi-year boosted equity returns I will keep my mouth shut.
Posted on 4/20/22 at 10:23 am to tirebiter
My wife and I each bought 10k just now.
We aren't seeing a way on the site to gift each other another 10k though?
We aren't seeing a way on the site to gift each other another 10k though?
This post was edited on 4/20/22 at 11:58 am
Posted on 4/20/22 at 6:24 pm to Tiger Attorney
Example scenario:
My brother “gifts” me $10K in I bonds. Outside of paying taxes on the interest earned on the bonds once cashed in, would their be tax implications for giving or receiving this “gift”?
My brother “gifts” me $10K in I bonds. Outside of paying taxes on the interest earned on the bonds once cashed in, would their be tax implications for giving or receiving this “gift”?
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