Time to cash in I Bond?
Myself and my wife each have an I-Bond purchased at Treasury Direct in January 2023. The fixed rate is .40%. Do you think we should sell the bonds, taking the penalty and paying the taxes? I would reinvest in a money market fund paying about 4%.
Thank you.
Terry Says
If you purchased an I-bond in Jan, 2023, your fixed base rate is 3.27%.
Your current inflation adjustment until November adds 1.43%.
Read this article at TreasuryDirect.
