I Bond bill proposes increase on annual limit for purchases
($30,000 per person):
The Savings Security Act talks about the I-Bond purchase limit
legislation that was recently announced by Democratic Senator Mark
Warner of Virginia & Republican Senator Deb Fischer of
Nebraska.
The annual I-Bond limit is currently $15K inclusive of what can
be purchased via a tax refund.
The Savings Security Act (if passed) would increase this annual
I-Bond limit to $30K at a time when hard-working Americans need it
most to protect their savings against inflation.
Good to see Senators working together to get something done.
Kudos to them and here's praying the bill passes. Limits were
higher in 2002-2007, at $30,000 before, they were reduced in 2008
to $5,000. And then increased again some years later to what they
are now.
Here is a short video that explains what is happening. She is a
really good follow for updates and tutorials related to guaranteed
bond investing/information:
Posted by DigiNomad on 3rd of Oct 2022 at 02:39 pm
Haha. Getting paid with our own money to make up a little for
the massive mistakes they've made with our money. If we
increase to 30k, then they can just print more money to pay the
interest. Brilliant program. What could possibly go
wrong?
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I Bond bill proposes increase
Posted by fundamentalvalues on 3rd of Oct 2022 at 01:23 pm
I Bond bill proposes increase on annual limit for purchases ($30,000 per person):
The Savings Security Act talks about the I-Bond purchase limit legislation that was recently announced by Democratic Senator Mark Warner of Virginia & Republican Senator Deb Fischer of Nebraska.
The annual I-Bond limit is currently $15K inclusive of what can be purchased via a tax refund.
The Savings Security Act (if passed) would increase this annual I-Bond limit to $30K at a time when hard-working Americans need it most to protect their savings against inflation.
Good to see Senators working together to get something done. Kudos to them and here's praying the bill passes. Limits were higher in 2002-2007, at $30,000 before, they were reduced in 2008 to $5,000. And then increased again some years later to what they are now.
Here is a short video that explains what is happening. She is a really good follow for updates and tutorials related to guaranteed bond investing/information:
https://www.youtube.com/watch?v=3dBYfMzNJEg
Haha. Getting paid with our
Posted by DigiNomad on 3rd of Oct 2022 at 02:39 pm
Haha. Getting paid with our own money to make up a little for the massive mistakes they've made with our money. If we increase to 30k, then they can just print more money to pay the interest. Brilliant program. What could possibly go wrong?