November 1, 2021
Jeremy Keil predicts that the next 6 months may be the best time ever in history to buy I Savings Bonds with the breaking news that the November 2021 I bond inflation rate will be 7.12%, which is 3.56% earned over 6 months.
Compare that rate to the current US 12-month Treasury Bill rate of 0.12% and the I bond rate is almost 3.5% higher. The average difference between the 6-month I bond and the 12-month T-Bill is 0.31% in favor of the T-Bill. Only one other time in history has the I bond rate even been 2.0% better (May 2011) and right now it sits at almost 3.5% better!
This rate also compares favorably to many alternatives like savings accounts, CDs and money markets that are all stuck well below 1.0% right now.
U.S. Series I Savings Bonds, also known as I Bonds, are a type of U.S. government savings bond that offer a fixed interest rate, plus an inflation-adjusted rate. These two rates combine to form a “composite rate.” Due to the inflation-adjusted component, the real interest rate (net of inflation) can never be negative. In simple terms, this means that I Bonds can keep money from losing value every day due to inflation!
In a recent podcast episode, Keil covers topics such as:
- Why the next 6 months may be the best time ever in history to buy I Savings Bonds
- Reasons to at least consider investing in I Savings Bonds
- Where those interested can get more information about I Savings Bonds and their benefits
Jeremy explained that “Many retirees are concerned about both the low interest in their bank accounts and potential future inflation. Buying I Bonds in November 2021 through April 2022 means that you would get at least 3.56% over the next year, and get into an investment that is designed to keep up with inflation.”
Listen to the podcast and read the blog on the Retirement Revealed Podcast and Blog website at: https://keilfp.com/blogpodcast/i-bond-rate-november-2021-to-april-2022/
About Jeremy Keil
Jeremy loves helping people learn more about themselves and feel more confident about their money.
After graduating from college, Jeremy started selling suits at Jos A. Bank and working on different political campaigns — which probably explains his love for wearing a tie and the joy he gets when saving money for clients through a tax strategy.
You could probably guess this by the number of letters after his name, but since he started in 2003, Jeremy reads as many books on financial, retirement, and tax planning as he can and loves to apply that knowledge towards helping his clients.
In fact, out of over 10,000 financial advisors in Wisconsin, only six have the unique combination of being a CERTIFIED FINANCIAL PLANNER professional AND a Chartered Financial Analyst® charterholder.
While serving as an adjunct professor at Concordia University Wisconsin, and Wisconsin Lutheran College (Milwaukee), Jeremy learned how to take complex financial topics and explain them in a way that even a caveman (I mean college student) could understand.
If he could keep college seniors awake during 8 a.m. Friday classes about corporate finance, you can be sure that while working with Jeremy, you’ll know more about, feel better about, and make better decisions about your money.
When not working on his goal to help people discover their ideal retirement strategy, you’ll find Jeremy hanging out with his wife, Robyn, and two daughters, Emery and Harper at swim, dance, gymnastics, or their church, Lakepoint, in Muskego, Wisconsin.
Learn More: https://keilfp.com
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This material is provided for informational purposes only and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The views and strategies described may not be suitable for all investors. They also do not include all fees or expenses that may be incurred by investing in specific products. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. You cannot invest directly in an index. Please notify us if there have been any changes to your financial situation or your investment objectives, or if you would like to place or modify any reasonable restrictions on the management of your account.
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