I Bond, iBonds, i-Bonds or Series I bonds.
- Will_L
- radiodude
- DennisL
- bob90245
- Normxxx
- radiodude
- pjstack
- radiodude
- pbradford6
- SteveT
This archived discussion is "read only".
For the corresponding "live" discussions, post in the active topic forum here.
« Previous 2 3 4 5 6 7 8 9 10 11 12 13 Next »
» Will_L - Re: Re: Are these worthwhile now.???
In response to message posted by pbradford6:"I use my I bonds and some older EE bonds to self insure for long term convalescent care rather than buying an insurance policy. Over the years we have accumulated a little over $247,000"
247k-- is a nice provision for 'short" long term care. Statistically you will likely never need to spend it and I trust you will both be healthy and not in need of it for many years to come and thus the amount in your fund will be much larger. That's about 4 yrs in an alzheimers unit around here. Having had our eyes opened with personal experience the last few years, my wife and I are rethinking our disdain for long term care insurance.
One thing people who are getting the new HSA programs can do is use the money accumulated in those to pay tax free the premiums on long term care policies.
We plan on one day spending the Ibonds when proceeds from the sale of a business are used along with other personal investments are used up and before tapping the tax deferred plans.
-- posted by Will_L
» DennisL - CD Ladder With I Bond for Year 5
Yesterday during his show, Brinker was talking to a caller about building a five-year CD ladder comprised of a one-year CD, a two-year CD, a three-year CD, a four-year CD, and an I Bond for year 5. As each year passes, Brinker would have the caller replace the maturing CD with another I Bond.Brinker talked about the tax advantages of using the I Bonds. My question is this: If I want to construct such a ladder in an IRA, is there a better vehicle, similar to the I Bonds, to use for year 5 and thereafter, since within an IRA, tax advantages don't matter?
Thanks!
-- posted by DennisL
» bob90245 - Re: CD Ladder With I Bond for Year 5
In response to message posted by DennisL:I don't see why a 5-year CD wouldn't work in an IRA (instead of an I-Bond). I have a 5-year CD in my IRA myself (bought a few years ago). As always, it's good to compare rates of 5-year CDs to I-Bonds and choose the one with the higher yield.
-- posted by bob90245
» radiodude - Re: iBond Rate now at 3.67%
In response to iBond Rate now at 3.67% posted by Kirk:and if you use these for funding further education -- anyone's education -- you never pay the fed tax on the gains made with these.
Yup, it's somewhere in the fed tax code.
-- posted by radiodude
» pjstack - Not quite "anyone" for education.
In response to Re: iBond Rate now at 3.67% posted by radiodude:According to this IRS publication:http://www.irs.gov/pub/irs-pdf/p970.pdf
the education has to apply to a family member/ dependent.
See page 49. Requires Adobe Acrobat.
-- posted by pjstack
» radiodude - Re: Not quite "anyone" for education.
In response to Not quite "anyone" for education. posted by pjstack:the education has to apply to a family member/ dependent
True. Years down the road I plan to use mine for misc community college classes.
I'm not sure one way or the other about that cruise -- good question!
-- posted by radiodude
» pbradford6 - Re: Re: Not quite "anyone" for education.
In response to Re: Not quite "anyone" for education. posted by Kirk:I wonder if you can take an investment class on one of those cruise boats?
Or take some classes on the Yellowstone river on how to be a fly fishing guide or how to fool fish into thinking a fake bug with a hook coming out of its ass is a live bug?
Nice try Kirk but it isn't going to happen. I quote from an IRS publication:
"Qualified education expenses.
These include the following items you pay for either yourself, your spouse, or a dependent for whom you claim an exemption.
1) Tuition and fees required to enroll at or attend an eligible educational institution. Qualified education expenses do not include expenses for room and board or for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program."
-- posted by pbradford6
» SteveT - Re: New Rate May 1st
In response to New Rate May 1st posted by Kirk:
jb and I were kicking it around last weekend in chat. If I remember correcctly jb thought 1.2%. I'll split the difference and take 1.1%. 
-- posted by SteveT
« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 Next »
Please follow the guidelines set forth in the Suite101 Posting Etiquette when adding to the discussion.