Loading...

Wednesday, March 25, 2009

Topic of the Day - TOTD - i like to call it

Investment
I would like to start my first blog around a piece of investment tip which i think is very interesting
In time of uncetain economy and people not knowing where to put their money in, here is a simple and easy way to "stash your cash"
A married couple or family can invest upto 5000$ times 2 ( 5k electronic and 5k paper bonds) per SSN per Calendar Year.
Current Interest rates offered for the 6month period is 5.64% (exempted from state and county income taxes)
Historic Rates are

11/1/2008 5.63722
5/1/2008 4.84
11/1/2007 4.27836
5/1/2007 3.73
11/1/2006 4.56232


Thats not too bad is it ????

Link -
http://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm

I Bonds -
what do you know about them ?
I Bonds are a low-risk, liquid savings product. While you own them they earn interest and protect you from inflation. You may purchase I Bonds via TreasuryDirect, at most local financial institutions or through payroll deduction. As a TreasuryDirect account holder, you can purchase, manage, and redeem I Bonds directly from your Web browser
$5,000 maximum purchase in one calendar year.
If you redeem I Bonds within the first 5 years, you'll forfeit the 3 most recent months' interest; after 5 years, you won't be penalized.
Interest earnings are exempt from State and local income taxes, but are subject to State and local estate, inheritance, gift, and other excise taxes.
Interest earnings are subject to Federal income tax.
Interest earnings may be excluded from Federal income tax when used to finance education (see education tax exclusions).

Post your thoughts about this ????

1 comment:

  1. Good piece of information.
    But I need google search's help to read through your blog. Thats good.

    ReplyDelete