The Washington Post has made available for download their article, “This inflation-proof bond is paying 9.62%. Here’s how to buy it.”, which discusses the steps to buying inflation-indexed series I government savings bonds. The article begins as follows:
The government’s inflation-protection savings bond right now is like a Birkin bag — highly coveted.
With the stock market crashing and inflation rising, people are desperately looking for a place to park their extra cash.
Paying 9.62 percent, the relatively unknown inflation-proof Series I savings bond has become a hit with $17.5 billion sold in the six months ending in May, according to the Treasury Department.
That’s compared with $364 million in I bond sales in all of 2020.
If you’ve got money sitting around earning a little more than 1 percent, if that much, I bonds are an attractive deal. Several callers to ASK-POST (855-275-7678), my toll-free line, have been asking about I bonds.
Click here to see the full article: “This inflation-proof bond is paying 9.62%. Here’s how to buy it.”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.
Wealth Strategies Journal 