So say I have 25k in my emergency fun that’s liquid.

In December I buy 10K of bonds at 7.12% interest. So I make about $712 next year.

But I can’t sell the bonds for a year, so if I lost my job in January, that 10K is untouchable for the first year.

The gains are also taxed at ordinary income. So at 30% interest, I’m really only earning less than $500.

Tell me if I’m missing something, but for me it’s not with having access to that $10k next year as emergency fund, just to get a $500 gain.

I am ready to jump in as soon as Jan comes

Anonymous wrote:NP. I bought $10,000 in September, the maximum for the year. If I buy another $10,000 in January, is that considered a separate bond, and interest accrual will be documented separately from my initial purchase?

I'm clearly new at this, too, but the DCUM threads have been helpful.

yes.

Anonymous wrote:NP. I bought $10,000 in September, the maximum for the year. If I buy another $10,000 in January, is that considered a separate bond, and interest accrual will be documented separately from my initial purchase?

I'm clearly new at this, too, but the DCUM threads have been helpful.

Yes, and it will be at the new 7.12% rate for the six months after purchase (then it will readjust to whatever the inflation rate is in the next cycle).

NP. I bought $10,000 in September, the maximum for the year. If I buy another $10,000 in January, is that considered a separate bond, and interest accrual will be documented separately from my initial purchase?

I'm clearly new at this, too, but the DCUM threads have been helpful.

Anonymous wrote:Can someone walk me through the steps and website to buy I-Bonds
Thank you so much ,
Also I just recently opened fidelity and I can’t seem to afford any bonds ? Anything I am picking has some type of huge minimum?
Am a looking at wrong bonds ?

Prev. discussions on this topic with a lot of good info.

https://www.dcurbanmom.com/jforum/posts/list/45/1011950.page#21281558
https://www.dcurbanmom.com/jforum/posts/list/1003614.page#20944849

Anonymous wrote:

Anonymous wrote:DP here. What are the reasons to buy I bonds?

Due to the very high level of inflation the US government is paying un unprecedented 7.12% interest on its Security I bonds

Risk free

Anonymous wrote:DP here. What are the reasons to buy I bonds?

Due to the very high level of inflation the US government is paying un unprecedented 7.12% interest on its Security I bonds

DP here. What are the reasons to buy I bonds?

Oh one more point. If you are getting federal tax refund you can get additional 5k. You have to include some IRS form with your tax return next April.

OP here Thank you !!!

Don’t get EE. Get I bonds. 10k per person so if you are married you can get 20k for 2021 and another 20k in 2022. You can also gift up to 5k each for your kids

OP here thank you , they offering EE bonds and I -bonds are they the same ? The limit 10 k for both or separately ? Confused

You buy from treasurydirect website not from fidelity. Sign up, connect bank account then buy. No different than brokerage account

Can someone walk me through the steps and website to buy I-Bonds
Thank you so much ,
Also I just recently opened fidelity and I can’t seem to afford any bonds ? Anything I am picking has some type of huge minimum?
Am a looking at wrong bonds ?