No--these are I Bonds, which the Treasury Department pegs to the inflation rate to protect against inflation, and provides a small amount of additional interest. The bonds pay so well because the inflation rate is so high right now--over 8%. The Treasury Department will reset the rate in November, and if inflation is lower, the bond interest rate will be lower.vinsanity wrote: ↑June 2 22, 9:09 amWuuuuuuut that's insane. Are people that down on the US economy?Popeye_Card wrote: ↑June 1 22, 2:52 pmMake inflation work for you! The rate on federal I bonds has skyrocketed to 9.62%. The rate will be re-set in October, but it will still likely be fairly high. You can purchase up to $10k per year through TreasuryDirect.gov.
https://treasurydirect.gov/indiv/resear ... uy.htm#how
Investing for Retirement
- sighyoung
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Re: Investing for Retirement
- Joe Shlabotnik
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Re: Investing for Retirement
Are TIPS different than these? I can't find an answer in my surfing so far.sighyoung wrote: ↑June 2 22, 11:45 amNo--these are I Bonds, which the Treasury Department pegs to the inflation rate to protect against inflation, and provides a small amount of additional interest. The bonds pay so well because the inflation rate is so high right now--over 8%. The Treasury Department will reset the rate in November, and if inflation is lower, the bond interest rate will be lower.vinsanity wrote: ↑June 2 22, 9:09 amWuuuuuuut that's insane. Are people that down on the US economy?Popeye_Card wrote: ↑June 1 22, 2:52 pmMake inflation work for you! The rate on federal I bonds has skyrocketed to 9.62%. The rate will be re-set in October, but it will still likely be fairly high. You can purchase up to $10k per year through TreasuryDirect.gov.
https://treasurydirect.gov/indiv/resear ... uy.htm#how
- G. Keenan
- Sucking on the Rally Nipple
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Re: Investing for Retirement
I believe with TIPS just the principle is indexed to inflation, not the interest rate.Joe Shlabotnik wrote: ↑June 2 22, 11:56 amAre TIPS different than these? I can't find an answer in my surfing so far.sighyoung wrote: ↑June 2 22, 11:45 amNo--these are I Bonds, which the Treasury Department pegs to the inflation rate to protect against inflation, and provides a small amount of additional interest. The bonds pay so well because the inflation rate is so high right now--over 8%. The Treasury Department will reset the rate in November, and if inflation is lower, the bond interest rate will be lower.vinsanity wrote: ↑June 2 22, 9:09 amWuuuuuuut that's insane. Are people that down on the US economy?Popeye_Card wrote: ↑June 1 22, 2:52 pmMake inflation work for you! The rate on federal I bonds has skyrocketed to 9.62%. The rate will be re-set in October, but it will still likely be fairly high. You can purchase up to $10k per year through TreasuryDirect.gov.
https://treasurydirect.gov/indiv/resear ... uy.htm#how
- CardsofSTL
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Re: Investing for Retirement
Definitely a good thing to be doing now. Nice tip kripto-PopeyePopeye_Card wrote: ↑June 1 22, 2:52 pmMake inflation work for you! The rate on federal I bonds has skyrocketed to 9.62%. The rate will be re-set in October, but it will still likely be fairly high. You can purchase up to $10k per year through TreasuryDirect.gov.
https://treasurydirect.gov/indiv/resear ... uy.htm#how
- vinsanity
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Re: Investing for Retirement
Well, right. But sorta? I thought that the inversion of rates on bonds in the past meant people were anticipating inflation and recession? So when longterm bonds have high rates, it's because of increased risk? Or am I an idiot and thinking about what I think are t-bonds? And I don't know what I-bonds are?sighyoung wrote: ↑June 2 22, 11:45 amNo--these are I Bonds, which the Treasury Department pegs to the inflation rate to protect against inflation, and provides a small amount of additional interest. The bonds pay so well because the inflation rate is so high right now--over 8%. The Treasury Department will reset the rate in November, and if inflation is lower, the bond interest rate will be lower.vinsanity wrote: ↑June 2 22, 9:09 amWuuuuuuut that's insane. Are people that down on the US economy?Popeye_Card wrote: ↑June 1 22, 2:52 pmMake inflation work for you! The rate on federal I bonds has skyrocketed to 9.62%. The rate will be re-set in October, but it will still likely be fairly high. You can purchase up to $10k per year through TreasuryDirect.gov.
https://treasurydirect.gov/indiv/resear ... uy.htm#how
Online
- heyzeus
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Re: Investing for Retirement
Good thing I'm not retiring this year. Bye bye investment account.
- Joe Shlabotnik
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