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Series I Bonds, SS Benefits and Other Reader Questions

Started by Epoch-Times-Bot, Nov 10, 2022, 04:30 PM

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Epoch-Times-Bot

Nov 10, 2022, 04:30 PM
Series I Bonds, SS Benefits and Other Reader Questions

By Elliot Raphaelson
From Tribune Content Agency
Question: I am 65 years old. Does it make sense for me to purchase a 30-year Series I bond if it is likely I won't be around when it matures?
Answer: Although the I bond has a 30-year maturity, you can redeem the bond after one year. If you hold it for less than five years, you lose three months’ worth of income, but after five years, you will receive all the interest due without penalty.
Question: I thought that dividends were taxed at a lower rate than other income. When I filled out my tax return, I noticed my dividends were taxed at the same rate as other income. Is that right?...

Source: Series I Bonds, SS Benefits and Other Reader Questions

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Aug 14, 2024, 05:38 AM
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