Ask Terry Questions I Bonds in IRA

I Bonds in IRA

By Terry Savage on December 15, 2022 | Chicken Money

Hello,

Why should we not have I Bonds in an IRA?

Thank you

Terry Says

You CANNOT have I-bonds in an IRA through direct purchase from the TreasuryDirect.gov site. The government does not act as a “custodian” for IRAs.
However there is one exception. If you have your IRA at a place like Fidelity, Vanguard or Schwab (all of which have a “brokerage division” where you can invest your IRA in specific stocks, then you CAN purchase Treasury BILLS inside your IRA.

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