Passing Along The Price Hike?

[Ridelght]

There are limits on what I bonds you can purchase, which is now $10K per SSN per year, and today with fixed rate of 0% the actual return for the maximum $10K per SSN is around 8.4% roughly, minus a 3 month penalty if you cash in before 5 years.

BUT that would only be if you purchased the I bonds by the end of April. This six month period, starting on May 1, pays 9.62% but what the next six month period pays is dependent on what inflation comes in at...unknown for a while.

So anyway, I bonds do not work for large purchases...fortunately we bought ours when the max per SSN was $30K per year.

If anyone is interested, you can find out more at the Treasury Direct web site:

Home — TreasuryDirect

www.treasurydirect.gov

Nice, i have stock from my old company. I have to move by years end or it goes in to 401k. Ill check it out.

 

[top gnome]

I think you may be able to roll the 401k into a IRA then you have many more options including early distribution.