Many have asked me about the government’s inflation protected savings bond which is currently paying 9.62 percent. It’s a great question. Who wouldn’t want 9.62%?
I’ve found for most of our clients a $10,000 investment at 9.62% doesn’t really move the needle much. You can only have $10,000 and no more than $10,000.
This Washington Post article, This inflation-proof bond is paying 9.62%. Here’s how to buy it, explains how to set up the account. You MUST do it yourself. Wealth Advisors can’t help with this.
It is not easy, as the article explains. You can only invest $10,000 (up to) per year and the current rate is only guaranteed until October 2022.
The article does a great job of explaining all the rules and requirements. If you’re unable to retrieve this article, let us know and we’ll send you a copy.
If you decide to buy some I would be interested in hearing about your experience.
Summer is off to a great start. I hope you’re enjoying it!
