With inflation rates currently at their highest level in a generation, inflation has been a frequent topic of client conversations.1
As our clients know, we generally recommend those nearing or already in retirement to keep 3-5 years’ worth of living expenses in fixed income and/or cash equivalents. With most savings accounts paying less than a tenth of one percent2, the purchasing power of hard-earned dollars sitting in savings accounts is being eroded.
One potential solution for a portion of assets sitting in savings is government-issued Series I Savings Bonds (commonly known as I-Bonds) available through treasurydirect.gov. If purchased before the end of April, buyers will receive a 7.12% rate through October of 2022, followed by an estimated 9.6% from November 2022 through April 2023.
If you would like to read more, here are some blog posts that discuss them in more detail:
If you have any questions, we are happy to help.
3. Treasury Direct