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In this episode, the trio discussed Series I Savings Bonds (“I Bonds”). We have had so many conversations with clients about it recently due to the high inflation. I Bonds are a type of U.S. savings bond designed to protect the value of your cash from inflation. With inflation hitting four-decade highs of 8.6% in May, investors are more interested in something that is higher than the inflation rate, but still relatively riskless, and this fits the bill. The initial interest rate on new I Bonds is now 9.62% annualized, and that rate readjusts every six months. And you can only purchase up to $10,000 in I Bonds each calendar year. Tim discussed the pros and cons of this product. If you are interested in I Bonds, please talk to your financial advisor to see how it could fit into your overall financial picture.
By LBW Wealth Management5
66 ratings
In this episode, the trio discussed Series I Savings Bonds (“I Bonds”). We have had so many conversations with clients about it recently due to the high inflation. I Bonds are a type of U.S. savings bond designed to protect the value of your cash from inflation. With inflation hitting four-decade highs of 8.6% in May, investors are more interested in something that is higher than the inflation rate, but still relatively riskless, and this fits the bill. The initial interest rate on new I Bonds is now 9.62% annualized, and that rate readjusts every six months. And you can only purchase up to $10,000 in I Bonds each calendar year. Tim discussed the pros and cons of this product. If you are interested in I Bonds, please talk to your financial advisor to see how it could fit into your overall financial picture.