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Started By
Message
1
Posted on 12/27/21 at 8:10 pm to SirSaintly
quote:
Where to park $10k that's low risk?
When you say “park”, do you mean in the long term lot or the short term lot?
I’m being serious. It makes a BIG difference.
Posted on 12/27/21 at 9:01 pm to Twenty 49
I just bought 10k in I-bonds. Took about 15 mins to set it up.
Posted on 12/27/21 at 9:04 pm to JohnnyKilroy
Only issue I have with this is creating more taxable income via the interest.
Posted on 12/27/21 at 9:20 pm to lynxcat
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 on 12/27/21 at 9:22 pm to JohnnyKilroy
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?
Posted on 12/27/21 at 9:22 pm to lynxcat
No different than high yield savings/checking account or CDs. Also, the interest is tax deferred till you redeem the bond and you can redeem smaller partial amounts.
Posted on 12/27/21 at 9:25 pm to lynxcat
quote:
So you don’t receive a coupon payment in the interim?
Nope
Posted on 12/27/21 at 9:45 pm to JohnnyKilroy
Thanks, couple days to sort this out for 2021 
Posted on 12/28/21 at 1:18 pm to lynxcat
Parked $10k this morning. Moved from American Express High Yield making 0.40% ...
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