Bonds
Hi Terry,
I listened to you today on WGN radio and you talked about the IBonds. I purchase $10,000 on July 1,2022 for a 6.48% interest rate. I would like to roll the Bond into a Treasury Bill. The site gives you a choice to redeem or return. I want to avoid paying taxes on this and would like to get the Treasury Bill. Do I need first to redeem the $10,000 + interest and then put it back into a Treasury Bill or can that be done in one step on the site? Thank you
Terry Says
Sorry, you can’t avoid taxes. First you redeem. Then you buy T-bills. But remember, T-bill rates (currently about 5.5% for 6 months) can fall too!!
