This video is for those of you who are or are planning to get out of I-Bonds now that we know the May 1st variable rate is projected to drop to 3.38%. So, when is the "best" time to redeem your I-Bonds & how do you redeem your I-Bonds (step-by-step) as always - that's what I'll be talking about in today. 👉 Subscribe for all things inflation, bonds & retirement! #jenniferlammer #bonds #fixedincome ------- WATCH NEXT ⭐ Why We're Buying More 5.4% I-Bonds In 2023: ⭐ I-Bond Gifting 101: ⭐ Buy I-Bonds Or TIPS In 2023: ⭐ Best Money Market Funds vs Cash 2023: ________ DISCLAIMER EVERYONE'S FINANCIAL JOURNEY IS DIFFERENT. YOUR PERSONAL FINANCIAL SITUATION IS UNIQUE. NEITHER DIAMOND NESTEGG, LLC, OUR WEBSITE, OUR YOUTUBE CHANNEL, OUR OTHER SOCIAL MEDIA CHANNELS, NOR THIS CONTENT & INFORMATION (THE “SERVICE”) ARE INTENDED TO PROVIDE FINANCIAL, LEGAL, TAX OR OTHER ADVICE. NO FINANCIAL DECISIONS SHOULD BE MADE SOLELY BASED ON THE SERVICE. THE SERVICE IS PROVIDED FOR INFORMATIONAL & ENTERTAINMENT PURPOSES ONLY & IS NOT INTENDED TO BE A SUBSTITUTE FOR ADVICE FROM A PROFESSIONAL FINANCIAL ADVISER OR QUALIFIED EXPERT. ALL OPINIONS & FORWARD-LOOKING STATEMENTS OF THE SERVICE EXPRESSED HEREIN ARE AS OF THE DATE OF PUBLICATION & SUBJECT TO CHANGE. IT IS YOUR RESPONSIBILITY TO VERIFY ALL INFORMATION YOURSELF. ANY INFORMATION PRESENTED BY THE SERVICE IS NOT AN OFFER TO BUY OR SELL, NOR A SOLICITATION TO BUY OR SELL ANY SECURITIES OR PRODUCTS MENTIONED. DIFFERENT INVESTMENTS HAVE VARYING DEGREES OF RISK & THERE IS NO ASSURANCE THAT THEY WILL BE SUITABLE FOR YOUR PORTFOLIO. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ALWAYS CONSULT A QUALIFIED FINANCIAL, LEGAL, OR TAX PROFESSIONAL REGARDING YOUR SPECIFIC SITUATION. DIAMOND NESTEGG, LLC IS A REGISTERED INVESTMENT ADVISER IN THE STATE OF NEW YORK AND OTHER STATES WHERE IT IS EXCLUDED OR EXEMPTED FROM REGISTRATION REQUIREMENTS. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT CONSTITUTE AN ENDORSEMENT FROM SECURITIES REGULATORS. DIAMOND NESTEGG, LLC RECEIVES COMPENSATION FROM YOUTUBE FOR THE PRESENCE OF ADVERTISING BEFORE, AFTER, AND DURING THIS VIDEO CONTENT AS WELL AS VIA YOUTUBE’S SUPER THANKS FEATURE. DIAMOND NESTEGG, LLC DOES NOT CONTROL THE CONTENT OR PRESENCE OF ANY ADVERTISEMENTS. THE PRESENCE OF ANY ADVERTISEMENT DOES NOT CONSTITUTE AN ENDORSEMENT OF THE AD, COMPANY, ENTITY, OR PRODUCT BY DIAMOND NESTEGG, LLC. ---------- CONTENT DISCLAIMER THE VIEWS & OPINIONS EXPRESSED THROUGH THE SERVICE ARE SOLELY THOSE OF DIAMOND NESTEGG, UNLESS OTHERWISE SPECIFICALLY CITED. MATERIAL PRESENTED IS BELIEVED TO BE FROM RELIABLE SOURCES & NO REPRESENTATIONS ARE MADE BY DIAMOND NESTEGG AS TO OTHER PARTIES' INFORMATIONAL ACCURACY OR COMPLETENESS. ALL INFORMATION OR IDEAS PROVIDED SHOULD BE DISCUSSED IN DETAIL WITH A QUALIFIED ADVISER, TAX OR LEGAL PROFESSIONAL PRIOR TO IMPLEMENTATION. OUR YOUTUBE CHANNEL MAY PROVIDE LINKS TO THIRD-PARTY WEBSITES FOR YOUR CONVENIENCE. WE HAVE NO CONTROL OVER THE ACCURACY OR CONTENT OF THESE LINKS. THE COMMENTS ON THIS CHANNEL, AND OUR OTHER SOCIAL MEDIA CHANNELS, ARE THOSE OF THE CREATORS & DO NOT NECESSARILY REFLECT THE VIEWS & OPINIONS HELD BY DIAMOND NESTEGG, LLC. DUE TO THE SOCIAL NATURE OF THE SERVICE, THESE VIDEOS MAY CONTAIN CONTENT COPYRIGHTED BY ANOTHER PERSON OR ENTITY. DIAMOND NESTEGG, LLC CLAIMS NO COPYRIGHT TO SAID CONTENT & CANNOT BE HELD ACCOUNTABLE FOR THE COPYRIGHTED CONTENT. DIAMOND NESTEGG SHARES & STRIVES TO VERIFY INFORMATION BUT CANNOT WARRANT THE ACCURACY OF COPYRIGHTS OR COMPLETENESS OF THE INFORMATION ON OUR SERVICE. ANY COPYRIGHTED MATERIAL SHARED ON THIS SERVICE IS INTENDED TO BE SHARED BY FAIR USE. IF YOU HAVE A COMPLAINT ABOUT THE USE OF COPYRIGHTED MATERIAL, PLEASE CONTACT DIAMOND NESTEGG PRIOR TO MAKING A COPYRIGHT CLAIM. ANY INFRINGEMENT IS UNINTENTIONAL & WILL BE RECTIFIED TO ALL PARTIES' SATISFACTION. PLEASE REFER TO OUR TERMS OF SERVICE & PRIVACY POLICY LINKS FROM OUR WEBSITE FOR MORE INFORMATION....(read more)
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I Bonds are a type of savings bond issued by the United States Department of the Treasury. They come with a fixed rate of return plus an inflation rate that adjusts twice a year based on changes in the Consumer Price Index. I Bonds are an attractive investment option for those seeking a low-risk investment with the potential for inflation protection. If you hold I Bonds that were issued in 2023, you may be wondering when and how to redeem them. Here are some important things to keep in mind: 1. When Can You Redeem I Bonds 2023? I Bonds earn interest for 30 years from the issue date. However, they can be redeemed at any time after 12 months from the issue date. This means that if your I Bonds were issued in 2023, you can start redeeming them in 2024. If you redeem I Bonds before five years from the issue date, you'll forfeit the last three months of interest. After five years, you can redeem them penalty-free. 2. How to Redeem I Bonds 2023? Redeeming I Bonds is a straightforward process. You can redeem your bonds online through the TreasuryDirect website or by visiting a local bank, financial institution, or a Federal Reserve Bank. To redeem your I Bonds online, you'll need to create an account on the TreasuryDirect website. Once you're logged in, you can select the I Bonds you wish to redeem and follow the prompts to initiate the redemption process. If you prefer to redeem your I Bonds in person, you'll need to provide identification, such as a government-issued ID, and information about the bonds you want to redeem. After verifying your identity, the financial institution will initiate the redemption process. 3. What Are the Tax Implications of I Bond Redemption? When you redeem I Bonds, you'll receive the face value of the bond plus any accrued interest. The interest earned on I Bonds is subject to federal income tax, but exempt from state and local income taxes. You can choose to report the interest on your tax return annually or defer taxes until the year of redemption or maturity. If you have questions about the tax implications of redeeming your I Bonds, consult a tax professional. In conclusion, redeeming your I Bonds 2023 is a simple process that can be done online or in person. Keep in mind the penalty for redeeming before five years from the issue date and the tax implications of redemption. If you're unsure whether to redeem now or wait for a future date, consult a financial advisor to make an informed decision based on your individual financial goals and circumstances. https://inflationprotection.org/redeeming-i-bonds-a-guide-for-2023-and-beyond/?feed_id=92695&_unique_id=644d6e86ee2f4 #Inflation #Retirement #GoldIRA #Wealth #Investing #cashinginibonds #diamondnestegg #howtoredeemibonds #howtoredeemibondsfromtreasurydirect #howtoredeemsavingsbondsonline #howtoredeemsavingsbondstreasurydirect #ibondredemption #ibondredemptionpenalty #ibonds #ibonds2023 #ibondsexplained #ibondsgiftbox #ibonds2023 #jenniferlammer #redeemibonds #WhenHowToRedeemIBonds2023 #whenisthebesttimetoredeemibonds #whentocashinsavingsbonds #whentoredeemibonds #TIPSBonds #cashinginibonds #diamondnestegg #howtoredeemibonds #howtoredeemibondsfromtreasurydirect #howtoredeemsavingsbondsonline #howtoredeemsavingsbondstreasurydirect #ibondredemption #ibondredemptionpenalty #ibonds #ibonds2023 #ibondsexplained #ibondsgiftbox #ibonds2023 #jenniferlammer #redeemibonds #WhenHowToRedeemIBonds2023 #whenisthebesttimetoredeemibonds #whentocashinsavingsbonds #whentoredeemibonds
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