How to Purchase I Bonds Step By Step
Автор: Kevin Conway
Загружено: 2022-02-17
Просмотров: 2545
*THE I BOND CURRENT YIELD IS 9.62%*. This video was originally made when the I Bond yield was 7.12%.
The I Bond is risk free since the US government is guaranteeing the payments from the I bond.
The Series I Savings Bond, or I Bond for short, is the best kept secret in personal finance and investing. The I Bond is great for income investing as well.
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The I Bond is the best kept secret in the investing world. The I Bond is not a stock or a real estate investment; rather, the I Bond is a bond issued by the government that pays a variable interest rate payment.
Here are the key features of the Series I Savings Bond:
1. The I Bond is risk free, since it is backed by the US government. The I Bond is similar to the best bank accounts except the yield is way, way better at 7.12% today.
2. I Bonds are bought at Treasury Direct dot gov, and no where else.
3. I Bonds pay out every month and the interest of the I Bond is added to the principal of the I Bond. Twice per year, the interest rate resets and the interest payable is calculated based upon the underlying principal and accumulated interest.
4. The Series I Savings Bond Interest rate is based upon the CPI-U inflation rate.
5. You must hold the I bond for at least 12 months. If you sell the I Bond before 5 years, you forfeit three months of interest. This is still a 5.32% return after one year---way better than banks!
6. You are limited to only $10,000 in purchases per year, per household member or entity (e.g. a business).
7. Interest is tax free from state and local taxes, and tax free from the government if used for education expenses.
The I Bond is a great tool for how to save and how to invest, especially how to invest for teenagers or those just starting out.
00:00 - Introduction
0:45 - Savings Account Rates
01:34 - I Bond Overview
02:08 - I Bond Interest Rate
02:25 - Where to Buy I Bonds
02:46 - How Often Do I Bonds Pay Interest?
03:45 - I Bond Drawbacks
04:23 - I bond Exempt from State Tax
04:53 - Tax Free I Bond
05:18 - I Bond Limits
06:28 - I Bond Cannot Lose Principal
06:55 - Who Should Get An I Bond?
08:00 - How To Purchase An I Bond
Would you invest in an I Bond?
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