What are the top 5 reasons to consider buying bonds?
What are I bonds, and should you consider buying them? Find out on this episode and then kick start your journey to financial independence by eliminating credit card debt with the free 7-Step Credit Card Debt Slasher.
Are I-bonds worth the risk and should you consider them for retirement
Are you looking for an investment that offers a better return on your cash in the current high-inflationary environment? Then you might want to park your money in I bonds, EE bonds, or Treasuries to get a better yield!
Kate Dore, CFP, is a reporter on the Personal Finance team at CNBC. Before CNBC, she was a regular contributor to Lifehacker, Business Insider, and Investopedia, and her work has also appeared in Financial Planning magazine.
On this episode of Queer Money, Kate joins us to discuss the pros and cons of investing in I bonds, describing how they adjust for inflation and where they fit in a diversified portfolio. Kate explores the risk associated with including I bonds in your retirement plan and explains how people use them as a short-term investment to enhance an emergency savings fund or cover a big purchase they have coming up.
Listen in to understand the inverse relationship between interest rates and bond prices and learn how to decide whether to put your money in EE bonds, I-bonds, Treasuries, or a savings account.
Listen to get more insight on reasons to consider I-bonds for retirement
Topics covered on why to consider I-bonds for retirement
- Kate’s transition from concert promoter to CFP and regular contributor to CNBC
- The pros and cons of investing in I bonds and why you might consider adding them to your portfolio
- How I-bonds adjust for inflation, and why they’ve achieved record yields in recent years
- The fundamentals of investing in I bonds, i.e., issuer, purchase limits, tax benefits, etc.
- The risk associated with including I bonds in a long-term investment plan amid concerns that the US has reached its debt limit (again)
- What it means that I-bonds offer a ‘composite rate’ and how that interest rate is calculated
- Why Kate suggests pre-retirees and retirees calculate their personal inflation rate
- Where I-bonds fit in a diversified portfolio, and why they may or may not be a good option for your retirement plan
- Why people are using I-bonds as a tier of their emergency savings or to cover a big purchase they have coming up
- What factors to consider as you decide whether to put your money in I bonds, a savings account, CDs, or Treasuries
- The inverse relationship between interest rates and bond prices
- What differentiates EE bonds from I bonds and when investors might prefer EE bonds
Connect with Kate Dore
Resources on reasons to consider I-bonds for retirement
- Consumer Price Index
- Treasury Direct
- ‘Inflation Cools But Is Growth Next?’ on JP Morgan
- YouTube Video of Egg Entrepreneur
- The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel
- FPA Pride Planners
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on Twitter
- Debt Free Guys on Youtube
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on Apple Podcasts
- Email [email protected]
Watch this week’s episode on 5 reasons to consider buying I bonds for retirement
Previous 3 Podcast Episodes
- How Donor Advised Funds Harm LGBTQ Americans
- Happy Money Happy Life with Jason Vitug
- 3 Easy Steps to Start Real Estate Investing
We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com) and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.