Episode 97: Getting More High Fixed Interest Rate I-bonds

Send us Fan MailI-bonds purchased between Nov 1, 2023 and April 30, 2023 have a fixed interest rate of 1.3%, the highest fixed rate in 15 years. Combined with the inflation rate, they are paying 5.27%. If you've ever been interested in buying I-bonds, now is the time. If you don't particually want more I-bonds in your portfolio but you have I-bonds previously purchased at a lower fixed interest rate, you may consider cashing those out and buying the current I-bonds. Individuals are limited to buying $10K of I-bonds annually. There is a way to get more I-bonds at the current 1.3% fixed rate by having someone else purchase gift I-bonds for you. This is perfect for married couples, who can buy gifts of I-bonds for each other. In this episode, I discuss how gifting I-bonds works and how this can be used to load up on the current I-bonds available. The IRS has a video to guide you how to purchase I-bonds as a gift on their website https://treasurydirect.gov/indiv/tools-videos/purchase-gift-bonds/  Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakesIf you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbookDr. Elisa Chiang is  a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching .You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast...