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A comment on Price shocks in formative years scar consumption for life. Parent comment

Re:Price shocks in formative years scar consumption for life by jacobr1 on Wednesday June 15, 2022 @12:39PM (#31755579)
For I-Bonds the rates are now worth it. They are very CD-like, in that you can't withdraw them for the first year, and in the first 5 there is a few month interest penalty for early withdrawal.

You can only buy $10k per person per year, but as a married couple, you could build up 100K in savings over 5 years, and even faster if you hold them in a trust.

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Re:Price shocks in formative years scar consumption for life by Infernal on Wednesday June 15, 2022 @01:07PM (#31755990)
Can you explain why it would be faster to hold I-bonds in a trust?
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Re:Price shocks in formative years scar consumption for life by bombcar on Wednesday June 15, 2022 @01:18PM (#31756169)
From the internet:

One limitation of buying I Bonds is the annual purchase limit. Each person can buy a maximum of $10,000 per calendar year as the primary owner.

In addition, if you have a trust, you can buy another $10,000 per year under the name of the trust. A lawyer created a revocable living trust for us back in 2018. It was surprisingly easy when I opened an account for the trust at TreasuryDirect last month. It took only 15 minutes to open a new trust account and buy another $10,000 of I Bonds.

So it lets you double the amount you can buy.

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