cute fuzzy bunny
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ESRBob said:Good point on the I-bonds providing the equivalent of a safe federal COLA'd pension
It is, but its actually a 1.2% CPI'd pension, rather than a 4.8% cola'd one.
Doesnt sound as good when you say it that way, does it?
I'm still firmly in the camp that believes the CPI understates actual broad based inflation (the real cost of living), at least in many parts of the country...and definitely mine. The housing cost increases around here coupled with gas price increases already create a cost of living increase that far exceeds 3 or 4 percent.
Which means your ibond 'pension' would lose ground to inflation and taxes every year.