Ep 65: Should I Put Money in a High Interest Series I Savings Bond?
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By Scott Sierens. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Are savings bonds making a comeback? This conservative investment option has found new life this year thanks to an interest rate that’s approaching 10%. Should you be moving money into these government-issued iBonds as soon as possible? We’ll give you all the details on these bonds and make sure you’re aware of all of the fine print.
What we discuss in this episode:
0:50 – Summer travels
4:58 – People talking about iBonds
6:25 – Are the high rates legit?
8:27 – Is there a catch?
11:51 – What to be aware of
15:44 – Is this tax-free money?
17:16 – How does it fit into planning?
19:44 – Mailbag question on interest rates and saving
23:14 – Mailbag question on planning on your own
Read more and get additional financial resources here: http://lifemoneyshow.com
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