frustrating

January 29th, 2012 at 07:53 pm

I have been trying to purchase I-bonds from Treasury Direct all morning, but the sight is messed up. I can get in, but when try to make the purchase get a maintenance page. Sigh Frown

I want to buy $5000 worth. They are paying 3.06% interest right now, which is better than I can get on my other cash. I was hoping to get them purchased before the end of the month so I get the whole months interest. I'll try again later.

I renewed my second subscription to the Denver Post and got a free year of Health Magazine included in the subscription.

I finished reading the library book Down These Strang Streets. Paranormal/Mystery short stories. Very good, some of my favorite authors like Charlaine Harris, Patricia Briggs, Simon R. Green and Jim Butcher.

Posted in Uncategorized | 6 Comments »

6 Responses to “frustrating”

Mary Ann Says:
January 29th, 2012 at 08:57 pm 1327870622
1327870622

Do you have to keep those I Bonds for at elast five years?
Mary Ann Says:
January 29th, 2012 at 09:00 pm 1327870859
1327870859

never mind, I found the answer to my own question!!

If you redeem I Bonds within the first 5 years, you'll forfeit the 3 most recent months' interest; after 5 years, you won't be penalized.
SicilyYoder Says:
January 29th, 2012 at 09:46 pm 1327873588
1327873588

I know that interest rates are very low these days; I wish the rates were like they were back in the late 80s. I remember carrying my little red book to the bank to get the interest, which wasn't much on $22.00, but, to me, I was rich. I saved for months to get the balance to increase: cutting coupons, not buying candy, and bagging leaves for neighbors. I hate to say, but my foster kids have never had to do these things, and looking back, I wish that they would have had to, for it is a good experience for them.
Beawealthywarrior Says:
January 29th, 2012 at 11:12 pm 1327878773
1327878773

Definitely will be looking into I-bonds, that's a great interest rate for now days
Beawealthywarrior Says:
January 29th, 2012 at 11:29 pm 1327879742
1327879742

retire@50, if I'm reading the website correctly the rate changes every six months right? Have you purchased them before? Thanks!
retire@50 Says:
January 30th, 2012 at 03:59 pm 1327939164
1327939164

I have purchased them before and yes the rate changes every 6 months based on the inflation rate. However after 1 year you can sell. I figure even if I sell in a year and lose 3 months of interest I will still make more than in a local 1 year CD or savings account. Plus you don't have to pay state taxes on the interest. You don't have to pay taxes at all until you sell. I've been buying for years and for the past 5 years the interest rate beats other rates so I haven't sold in over 5 years.

here's a good article

Text is http://www.mymoneyblog.com/savings-bonds-vs-bank-savings-accounts.html and Link is
http://www.mymoneyblog.com/savings-bonds-vs-bank-savings-acc...

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Retire@50

frustrating

6 Responses to “frustrating”

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