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Old 10-21-2016, 09:02 AM   #41
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Originally Posted by MBSC View Post
The I-bond inflation component should be 2.76% effective November 1.

March 2016 CPI-U was 238.132. September 2016 CPI-U was 241.428, for a semi-annual increase of 1.38%.
With my 1% fixed rate from my max $30,000 purchase each for DH and I in 2006 that means the new rate will be 3.7738. That's the highest rate since the 11/11 to 5/12 period. I'll take it. I've also resisted buying more since the fixed rate dropped and the max purchase dropped to $5K pp.
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Old 10-21-2016, 10:13 AM   #42
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Originally Posted by HtownRose View Post
Good stuff ~ thank you! I wish I had bought the smallest available denominations so as to be able to spread out the taxes.
Don't forget that you can redeem just part of one bond:

Quote:
What is the minimum amount allowable for a redemption?Only an account owner, or a grantee with Transact rights, can redeem an EE or I Bond. If you are partially redeeming an EE or I Bond, you must redeem at least $25, and may not leave less than $25 of redemption value as the remainder of the held security.
...
What is the difference between a partial and full redemption?
A partial redemption is when an account owner redeems a portion of the security. The amount requested includes principal, as well as a proportionate amount of interest. The account owner must redeem at least $25, and may not leave less than $25 as the remainder of the held security. A full redemption includes both the principal and the total interest earned.
Is there a minimum amount that must remain in the EE or I Bond when I make a partial redemption?
Yes. You must leave no less than $25 in redemption value as the remainder of the held security when making a partial redemption.
Source: https://www.treasurydirect.gov/indiv...TDHelp/faq.htm
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Old 10-21-2016, 11:29 AM   #43
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I don't think partials apply to paper bonds, which is all I have at this time

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Old 10-21-2016, 11:32 AM   #44
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I don't think partials apply to paper bonds, which is all I have at this time

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Old 10-21-2016, 11:56 AM   #45
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I don't think partials apply to paper bonds, which is all I have at this time

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You can convert your paper i-bonds to electronic bonds in TreasuryDirect. This would then allow the partial withdrawals already discussed.

Individual - Convert Your Paper Savings Bonds Using SmartExchange
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Old 10-21-2016, 12:42 PM   #46
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You can convert your paper i-bonds to electronic bonds in TreasuryDirect. This would then allow the partial withdrawals already discussed.

Individual - Convert Your Paper Savings Bonds Using SmartExchange
Thanks for the helpful info, Tortoise.
I've been procrastinating converting mine to electronic form, really do not want to keep track of another online account but will need to deal with it eventually. It is just so much easier to stop by my bank with the existing paper and get my money. Just did some Series EE this week. I've got bonds maturing from this month to 2032 with three different beneficiaries or co-owners two of them deceased.
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Old 10-21-2016, 01:33 PM   #47
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Thanks for the helpful info, Tortoise.
I've been procrastinating converting mine to electronic form, really do not want to keep track of another online account but will need to deal with it eventually. It is just so much easier to stop by my bank with the existing paper and get my money. Just did some Series EE this week. I've got bonds maturing from this month to 2032 with three different beneficiaries or co-owners two of them deceased.
Oh man, I could have written this myself. Yes thank you masked man for the info.

I have been noodling with the idea of converting to electronic but didn't seem worth the trouble plus, I'm up to here with online accounts, passwords, secret questions and answers etc.

But my problem is when I bought those I-Bonds I didn't want to fill out all the paperwork for dozens of $1,000.00 bonds, so I bought fewer large denominations.

Now if I want any money I have to cash in the heavies and pay a wampus amount of taxes. If I had known about the partial redemption I'd have converted sooner.
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