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I Bonds


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2022 May 20, 10:10am   1,122 views  10 comments

by gabbar   ➕follow (1)   💰tip   ignore  

Has anybody purchased I bonds? What are the pros and cons of this? Thank you.

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7   TheSameAD   2022 May 20, 1:42pm  

I used to buy I series savings bonds online using my Discover Card. I would get 1% back for the purchase.

The government stopped allowing the purchase of bonds using credit cards.

I series savings bonds are a decent investment.

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8   EBGuy   2022 May 20, 1:43pm  

gabbar says
I am going to buy these, seems like a good deal to me.

We are in the process of purchasing for the whole family. My only regret is that we did not do last year as well as it seems a good place to park an emergency fund.
9   gabbar   2022 May 20, 1:49pm  

Does anyone know if these bonds are protected assets if one files bankruptcy?
10   EBGuy   2022 May 20, 2:59pm  

gabbar says

Does anyone know if these bonds are protected assets if one files bankruptcy?

Not as far as I can tell. Just this in Ohio..
Ohio Wildcard Exemption
A wildcard exemption allows you to exempt any property of your choosing. Ohio's wildcard exemption will cover up to $1,325. (Ohio Rev. Code Ann. 2329.66(A)(18).) Learn how to add a wildcard to another exemption and protect even more.

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