I Bonds - How They Work

Have you heard of I bonds and are wondering how they can work for you? An Inflationary bond is an interest-earning bond issued by the government.Even though the money market isn’t looking very attractive right now, I bonds seem attractive and are as of today paying up to a 9.62% rate of return.In this episode of the Secure Your Retirement podcast, we talk about I bonds, what they are, and how they can benefit you. Listen in to learn how to buy I bonds and make them the most efficient for you with their rate of return.  In this episode, find out:●     Understanding an I bond and why it’s attractive to buy during this inflation.●     How to buy I bonds individually from the government online.●     The I bond limitation per person and why it’s not a save-all to the market issues this year.●     The factors that affect the I bond interest rate plus the holding period that makes sense.●     How the I bond is taxed federally and at your ordinary income.Tweetable Quotes:●     “An I bond is issued by the government, and it is a bond that is going to earn interest.”- Murs Tariq●     “To make the I bond the most efficient, you want to have it in your mind that you hold it for at least five years.”- Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.