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Roth money to purchase IBonds

By Terry Savage on August 05, 2022 | Chicken Money

Hi, Terry
Start my RMD next year
With markets down does it make sense for me to withdraw some of my Roth monies now and purchase IBonds?
Tax implications now or future?
Thank you

Terry Says

There are no tax implications to withdrawing money from a Roth IRA. I never thought about it before, but yes, that’s a good idea! You can only purchase $10,000 of I-bonds each year. So start now — and all that money will grow tax-deferred until you cash them in. And you’ll get 9.2% for 6 months, then whatever rate is set in November for the following 6 months. Seems like a good switch to me!



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