Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Mini bonds for low risk investment?
Old 04-13-2013, 02:59 PM   #1
Dryer sheet aficionado
Join Date: Mar 2012
Posts: 45
Mini bonds for low risk investment?

New poster--thanks for bearing with me. Santee Cooper is offering SC residents mini-bonds (fed and state tax free) during the month of April. Last spring I had $10k in inherited municipal bonds called that had been earning 5-6% tax free and now it has been parked at the bank earning .45%. I am looking for a low risk investment to make some $$ on it, but really don't want to be too risky. CD rates are ridiculously low. Thought about the Vanguard Wellesley income fund but would need to know more. We have "other cash" that is not making much for us, so this is my start to try and remedy that issue. Figured I'd try to do something with this former muni bond money that will protect the original investment but produce some income for us now and into the future. These bonds are $200 each for capital appreciation or $500 each for interest bearing, which is what I was considering so I can invest the interest during the next few years when we don't need it.
We are early 50s but I am hoping to retire ASAP and spouse in 4-5 years. We will have pensions, after taxes and health insurance, of approximately $3600. May have part-time income and will eventually withdrawal from our IRAs that are invested 60/40 stocks to bonds. SS whenever the current law says we can have it and what makes the most sense to us.
Here is the link to their current rates
Any opinions on if this is a decent investment or other ways we can invest this money to provide income would be appreciated! Thanks!
volfan is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-13-2013, 03:56 PM   #2
Recycles dryer sheets
Join Date: Jul 2008
Location: Sacramento area
Posts: 458
Other readers will remember that they are tax free Federal and S. Carolina. YOUR state will possibly tax them.
AWeinel is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

» Quick Links

All times are GMT -6. The time now is 01:44 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.