Over70irregs
Well-Known Member
Vibe killed……
Gonna put more $ in your 401(k)? Do Tell…
- Thread starter Over70irregs
- Start date
johnnyunion
the grandpalooza of all you losers
Or saying,: congrats you got more than the guy next to you saved up for retirement. So we’re gonna cut your Social Security payment while we increase his. Thanks for playing and have a nice day.
Up In Smoke
Well-Known Member
Today is the last day to purchase I bonds with a 9% yield. You may purchase 10K per person with an open account. The next issuance yields drop to 6%.
hondo
promoted to mediocrity
Are you sure? treasurydirect.gov has a message that the site was down for maintenance (and to process the overwhelming # of purchase orders) between midnight Friday and midnight Sunday. It clearly states purchases made today (Monday Oct. 31) will receive the new rate published tomorrow.
(disclosure: I bought 5k a few weeks ago)
Up In Smoke
Well-Known Member
I was under the impression that all sales in October would be @9%. Had placed a reminder in my calendar that appeared this morning. If things have changed, that's news to me. Good to know. I bought mine earlier, but still had the reminder.
Over70irregs
Well-Known Member
Snorkeling with water getting into the tube.
Sorry it's too late to buy them at the current rate. Anytime you make a transaction on Treasury direct it goes into effect the following day.
Over70irregs
Well-Known Member
Banks are the problem.
Up In Smoke
Well-Known Member
I see the rate is tied to the day issuance not day of purchase. My mistake.
It's always the next business day when you buy a double e Bond or an I Bond.
T bills and treasure notes are settled on same day
Over70irregs
Well-Known Member
Another example of slow $ settlement
olroadbeech
Happy Verified UPSer
I would have bought some but Vanguard Funds does not do I bonds. I just like to keep everything with one brokerage firm.
You going to buy them from treasury direct
It's just the way the system is set up
I finally talked someone into open up an account and the site craft always because so many people was trying to get in at the last minute
Wally
BrownCafe Innovator & King of Puns
How long do you hold those for?
They are ill liquid for one year and if you cash them in before 5 years you lose the last 3 months interest
Wally
BrownCafe Innovator & King of Puns
You can hold and collect longer that 5 years?
Up to 30 years
The interest rate resets twice a year May 1st and November 1st
But the earnings compound on interest and you also do not have to pay any state or local tax on interest.
You also do not have to pay federal tax on interest until you cash them in
Over70irregs
Well-Known Member
With inflation you’ll be negative. Better than nothing.
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