US Savings Bonds
Is now a good time to convert EE bonds to I Bonds?
Terry Says
That depends on the length of time you’ve held the EE bonds (they mature after 30 years) and the base rate or “floor” on which the inflation adjustments are made.
Go to TreasuryDirect.gov to learn the base rate and current value of your bonds.
This article explains how EE bonds work:
https://www.treasurydirect.gov/news/2005/release-04-04/
If you have old paper bonds, here is how you cash them in:
https://www.treasurydirect.gov/forms/sav0022.pdf
But remember, you’ll have to pay taxes on all the accrued income on those bonds. Then if you want you can purchase I bonds. And depending on how many bonds you own, be careful this doesn’t move you into a higher tax bracket, or a higher Medicare premium payment.