What is your opinion in these to put some money end till the storm goes by. Currently 9.62%
What is your opinion in these to put some money end till the storm goes by. Currently 9.62%
Last edited by greg88; 10-22-2022 at 05:41 AM.
2018 BASSCAT COUGAR FTD
MERCURY 250 PRO XS 2B524980
Immediately. Before the end of the month, get the current rate for six months, followed by the new upcoming rate.
Suggest maximum for you, and if applicable the wife as well. You're nearly guaranteed almost 10% for the first year.
IMO, there's not a better lock out there, not RE, commodities, bonds, stocks, etc. Not without higher risk accepted.
Thanks TampaJim
2018 BASSCAT COUGAR FTD
MERCURY 250 PRO XS 2B524980
You can max out your purchase now and then put more in after January 1. The limits are per calendar year. Definitely worth having a portion of your money in these. You can't sell them for 1 year and you can't sell them within 5 years without losing 3 months interest but even with the penalty you still can't get a risk free return at that yield.
Adding to the data array, $10,000/person/calendar year + $5,000/filing/year via your tax refund.
In a nutshell ... if you're married, get a tax refund of $6,250 for 2022 ... you can do $20k + $5k.
Tax refund bonds are physically issued. Once in possession, just convert them online to electronic.
And, as stated by Nitro, you can take another dip from the Fountain of Invicibility on 01/01/2022.
How/where do you purchase these?
You have to set up an account on Treasury Direct. These are not sold through brokers or banks. It is pretty easy to setup and buy the bonds.Originally Posted by Hydrasport80
What if the Fed is successful in lowering the inflation back down to 2%? Is there a scenario that if they did that in the second year and you wanted to cash the bond, what would you get for the bond, or how about four years?
Rate is set every six months, next time will be 11/1/22. In your first scenario ... you'd get 9.67% for six months, the upcoming rate for six months, the next set rate for six months PLUS the very following rate for six months (4 semesters all total) and they'd subtract three months of interest for early termination. The termination calculation would be 1/2 the interest earned during the 4th semester. Rinse and repeat for your second scenario ... interest earned all semester LESS half the interest earned during the very last semester.
Got involved the beginning of the year. Pretty much a no brainer
2002 Pro Craft 200 Super Pro- 2005 200 Mercury Optimax, Retired
Empty Nester- Proud Grandfather 5-30-2014-Boy-Aiden, 8-2-2017-Boy-Calen
Also look into gifting them to each other.
Isn’t the limit only 15k per ss number?
Respectfully,
Captain Rab
V1CO 1:27 But God has chosen the foolish things of the
world to put to shame the wise; and God has
chosen the weak things of the world to put to
shame the things which are mighty
Technically, your answer is no. If you were single, it might be yes.
It's $10k/person/year ... plus $5k/tax return/year, if applicable.
Examples ...
If you don't get a return, your limit is $10k/year.
If you get a $3,000 tax return, your limit is $13k.
If you get a $7,500 tax return, your limit is $15k.
And if you're married, filing jointly ...
$25,000/year if you get a return => $5k.
If you're married, filing separately ...
$30,000/year if you BOTH get a return => $5k.
Ain't this all just lovely? Currently @ 9.62%.
Anyone considering it? Pull the trigger now.
Orders processed by 10/28 are guaranteed.
Thanks for the info, I jumped on board!
JT
2014 Ranger Z521C / Yamaha VMAX SHO 250 / IONIC Batteries
Garmin 57” Force TM, ECHOMAP Ultra 106sv’s, LVS34
Hey T Jim,
I believe that you can also buy 1 as a 'gift' that you can give to the person at a later date. I have 40K invested between my wife and I.
Let's not forget that the 2% inflation was artificially created by the Feds during the major crash, and I pray that they come to the reality that getting back into reality may be a good thing.
Every one is bitching about the current 30 yr mtg rate in the housing market, yet no one is admitting that the current rate is lower than what it was 20 yrs ago, and further, is rates go down a few points at a later point they can refi down. My realtor is telling me that this is the first time in the past 2 yrs that he has contingent properties where buyers are getting inspections, instead of getting burned.
What were home prices 20 yrs ago?
In Florida ... about 30% of today's prices, in many areas, or a shade less.
While I'm sure some are are very close to fully stagnant ... hello Detroit.
I was building 2000 sq ft houses for 105.00 per back 20 yrs go, and I built the last house in 2017 2600 sq ft for 127.00 sq ft on a 3/4 acre, which sold in about 6 months after completion.
Currently, I have the last of my fully approved 45 lot subdivision listed for 399K, which it has been up for nearly yr.
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