IN THE NEWS: I BONDS
If you have not yet heard, there is an interesting investment option currently available that takes advantage of the high inflationary environment: Series I Savings Bonds (also known as “I Bonds”). Last week I was asked by the team at SoundDollar to write about I Bonds and what to consider before purchasing any.
If you’re interested in learning more about them, here is a link to the full article. My into is below:
It’s pretty rare that I get excited about investing in anything other than low-cost index funds. But today, I am excited.
Why?
Because there is an investment opportunity available that almost no one had heard of until recently. It’s backed by the US federal government, can earn interest tax-deferred and is actually keeping up with the current high inflationary environment, meaning unlike cash, it is not quickly losing its purchasing power as prices soar.
What is it?
It’s called a Series I Savings Bond, and is commonly referred to as an I Bond. Here’s what you should know about I Bonds and how to take advantage of them.
I’ve also had the good fortune of being featured in a number of other articles and podcasts recently. If you find that you can’t sleep at night, here is the full list.
About the Author
Michael T. Powers, CPA, PFS, CFP® (Mike), is a flat fee-only financial planner based in Richmond, VA serving clients virtually nationwide. He has been fortunate enough to help hundreds of people successfully retire over his career. As a CPA, being tax efficient in financial decisions is always on his mind.
Photo by Roman Kraft on Unsplash.
All written content on this site is for information purposes only. Opinions expressed herein are solely those of MF, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.
The information on this site is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, MF disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose. MF does not warrant that the information will be free from error. None of the information provided on this website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall MF be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if MF or an MF authorized representative has been advised of the possibility of such damages. In no event shall Manuka Financial have any liability to you for damages, losses, and causes of action for accessing this site. Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
