buy more ibonds

[livingalmostlarge]

I'm debating buying myself and DH $10k each in ibonds for next january. I currently have $70k years 2018-2024 each in an I bond ladder. Just something to add to our savings for the future fire.

Do you think it's stupid to be continually funding these ibonds? Right now I think we've hit our number but we are going to work until 2030 and DK2 launches.

If it matters we don't hold a ton of cash outside of the ibond ladder. That's sort of our EF that keeps on building. We have a 3 month slush fund and the rest of our money is invested in stocks/ETFs also pretty simply and aggressively invested.

 

[CatinKS]

Glad this thread popped up, reminded me to download the 1099 Int for my 2023 taxes since the govt doesn't send out.

 

[mystang52]

I'm not a financial whiz-kid, but I always felt I Bonds were a great long term cash cushion. Smarter people will chime in, but my layman opinion is you could do a lot worse than buying more I Bonds. So for whatever it may be worth, you have my agreement with your plan to buy more I Bonds.

 

[target2019]

Coincidentally I was thinking of iBonds, and what to do going forward.

One thought was to add beneficiaries to certain ones I own.

 

[tominboise]

We have 40k worth of Ibonds. They are still making like 3.5%, so I leave them alone and consider it my emergency reserve if I need to reroof the house or something.

 

[audreyh1]

We picked up another year’s worth last month to capture the higher than usual fixed rate. That’s probably it for us - have enough and getting older. We already own quite a bit and have weeded out (redeemed) all the lowest yielding ones.

 

[livingalmostlarge]

should i redeem the ones that are 0% fixed? How much is too much you think? Am i there?

 

[audreyh1]

That totally depends on your goals.

 

[lucky penny]

That totally depends on your goals.

Can you explain a bit, please? I have the same question.