We first wrote about I-Bonds in an article included with our November Newsletter available at:
I-bonds are a great place to park some extra money if you are worried about the short-term prospects for the stock market and are nervous that increasing interest rates will cause bond funds to decline in value too.
If you didn’t invest some of your extra money in I-Bonds when those treasury bonds were paying 7.12% interest, how about setting up an account at www.treasurydirect.gov and purchasing those inflation protected bonds now that rates are projected to be at 9.62%? (according to an article by Forbes available at: https://www.forbes.com/sites/robertberger/2022/04/21/i-bonds-set-to-deliver-historic-962-interest-rate)
More information on I-Bonds is available at: https://treasurydirect.gov/indiv/products/prod_ibonds_glance.htm