On Jul 18, 12:29*pm, Rich Carreiro <rlc-n...[at]rlcarr.com> wrote:

- quote -

Can one buy them online as well as get the paper ones and
then use smartexchange to convert the paper ones to the
online version? If so, it doesn't seem to make sense. Why
would they just not limit it to $10K/year regardless of what
medium is used to purchase them.

Anoop

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Tad Borek wrote:
- quote -

thanks -
I don't know what I was reading concerning the I-bond,
but I didn't even see the rates - must be going blind !

ahhh - it was here - the 4.84% "headline" caught my eye -
http://www.treasurydirect.gov/news/p...ondratespr.htm

yeah - my EE bonds were from June 1978 -
according to the Savings Bond Wizard software
had a yield of 5.89 %

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Tad Borek <borekfm[at]pacbell.net> writes:

- quote -

Not to mention limiting purchases to $5K/yr per series (I or E) per
person per type (paper or electronic).

--
Rich Carreiro rlc-news[at]rlcarr.com

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ps56k wrote:
- quote -


Older I-bonds, such as those issued when they first came out in 1998,
pay yields that today are hard to find in such a conservative
investment. As you probably read I-bonds pay a base interest rate, plus
an inflation adjustment based on the consumer price index (CPI). In the
first few years the base rate was over 3%, but today it's a
whopping...0%. All you have is the inflation adjustment.
http://www.treasurydirect.gov/indiv/...esandterms.htm

So it might be described as a "treading water" kind of bond, that
preserves the value of a dollar but doesn't really increase your wealth.
It will gain in value at exactly the rate of inflation - as defined by
CPI. It's no way to get rich, but it won't lose money either (unless you
cash it in early).

Your 30-year bonds probably did quite well, based on the rates paid in
that era (was that one with a 6% minimum rate?). And the interest was
all tax-deferred along the way. I have to question, though, who would
buy an E-bond today, which currently pays a fixed 1.4%. The federal
government seems to be trying to discourage the purchase of savings
bonds, by paying such low rates. It's a costly program, compared to
raising money by selling large-denomination Treasury bonds.

-Tad

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Happen to cash in some "mature 30yr" EE savings bonds from when I was a kid.
The bank person mentioned that she still does some I-series bonds.
Went and looked..... wonder how these compare to other fixed income vehicles
?
http://www.treasurydirect.gov/indiv/...comparison.htm

--
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you have obviously overlooked something." - Steven Wright

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