I thought the new 6 month I bond rate and fixed rate for May 2024 purchase would be known this morning. The series I bond Treasury Direct only lists rates up to April 30, 2024.
I need to either schedule purchase for end of month April or wait until end of month May.
Does anyone know when the new rate will be announced?
I want to accumulate, at minimum, 120k (over the next decade) of these (with pension) to cover 1y LTC in low cost of living area or home heath care if ever needed. Does this seem like a solid plan? My kids and grandkids will receive the I bonds as inheritance if I never need to redeem.
Plus, I bond purchases free up my (smallish) TSP to continue to be 100% C Fund with Roth rollover once it hits my 'do something' number. I do not want large RMDs taking me into the next tax bracket at age 73
Thank you for this forum and your collective wisdom!
I need to either schedule purchase for end of month April or wait until end of month May.
Does anyone know when the new rate will be announced?
I want to accumulate, at minimum, 120k (over the next decade) of these (with pension) to cover 1y LTC in low cost of living area or home heath care if ever needed. Does this seem like a solid plan? My kids and grandkids will receive the I bonds as inheritance if I never need to redeem.
Plus, I bond purchases free up my (smallish) TSP to continue to be 100% C Fund with Roth rollover once it hits my 'do something' number. I do not want large RMDs taking me into the next tax bracket at age 73
Thank you for this forum and your collective wisdom!
Statistics: Posted by AvidGardener — Wed Apr 10, 2024 12:04 pm — Replies 6 — Views 639