Federal Reserve raises rates by 0.75%

Re:Federal Reserve raises rates by 0.75% by nemo44x on Wednesday June 15, 2022 @03:24PM (#31758097)

Yes, Social Security is indexed to inflation. You can also buy a certain amount of I-Bonds that are tied to inflation and are paying very nicely nowadays. Tax free too.

[ Parent | on HN ]

Re:Federal Reserve raises rates by 0.75% by jaywalk on Wednesday June 15, 2022 @03:30PM (#31758163)

Up to $10k/year, and they're currently paying 9.62%. There's no other way to get a guaranteed return anywhere near that, and everyone should buy as much as they can afford to. You're basically saying no to free money if you don't.

[ Parent | on HN ]

Re:Federal Reserve raises rates by 0.75% by quesera on Wednesday June 15, 2022 @05:27PM (#31759679)

> Tax free too.

I bonds are not tax free.

They can be tax-deferred, and some (educational) uses of interest gained can be tax excluded, for some people.

[ Parent | on HN ]

Re:Federal Reserve raises rates by 0.75% by dont__panic on Wednesday June 15, 2022 @03:30PM (#31758171)

There is a cap of how many you can purchase in a given tax year, though. 8k or something IIRC.

[ Parent | on HN ]

Re:Federal Reserve raises rates by 0.75% by bombcar on Wednesday June 15, 2022 @05:01PM (#31759431)

$10k per person though you can supposedly double that with trusts somehow.

[ Parent | on HN ]