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I Bonds


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2022 May 20, 10:10am   1,267 views  10 comments

by gabbar   ➕follow (1)   💰tip   ignore  

Has anybody purchased I bonds? What are the pros and cons of this? Thank you.

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1   rocketjoe79   2022 May 20, 10:26am  

My son is pushing me hard on IBonds. It's kinda like free money while Inflation Rates are high. I just don't have the patience to manage them.
2   gabbar   2022 May 20, 10:27am  

rocketjoe79 says
I just don't have the patience to manage them.

What kind of management is necessary?
3   zzyzzx   2022 May 20, 10:42am  

Annual Limits are the real con here.
4   gabbar   2022 May 20, 10:50am  

zzyzzx says

Annual Limits are the real con here.

Everyone in a family can purchase I bonds?
5   stereotomy   2022 May 20, 10:51am  

gabbar says

zzyzzx says

Annual Limits are the real con here.

Everyone in a family can purchase I bonds?


https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
6   gabbar   2022 May 20, 11:07am  

DooDahMan says
Answers to all of your questions on I-Bonds

Thank you, I have some money sitting in a checking out that I dont need. I am going to buy these, seems like a good deal to me.
7   TheSameAD   2022 May 20, 1:42pm  

I used to buy I series savings bonds online using my Discover Card. I would get 1% back for the purchase.

The government stopped allowing the purchase of bonds using credit cards.

I series savings bonds are a decent investment.

.
8   EBGuy   2022 May 20, 1:43pm  

gabbar says
I am going to buy these, seems like a good deal to me.

We are in the process of purchasing for the whole family. My only regret is that we did not do last year as well as it seems a good place to park an emergency fund.
9   gabbar   2022 May 20, 1:49pm  

Does anyone know if these bonds are protected assets if one files bankruptcy?
10   EBGuy   2022 May 20, 2:59pm  

gabbar says

Does anyone know if these bonds are protected assets if one files bankruptcy?

Not as far as I can tell. Just this in Ohio..
Ohio Wildcard Exemption
A wildcard exemption allows you to exempt any property of your choosing. Ohio's wildcard exemption will cover up to $1,325. (Ohio Rev. Code Ann. 2329.66(A)(18).) Learn how to add a wildcard to another exemption and protect even more.

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