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Reply to "F---ing I-Bonds"
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[quote=Anonymous]Holy sh#t. So let me make sure I understand this: -The rate is reset every 6 months. The rate from Nov 2021 to April 2022 is 7.12% -You must hold the bond for at least 12 months. -If you cash out before 5 years, you lose the last 3 months of interest earnings. -No state taxes on the income, but you will owe federal taxes on income. -$10K max per year in electronic bonds, $5K max in paper bonds. What's the catch?[/quote]
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