Wondering what investments might keep up with inflation and be considered a safe investment?
If you use I bonds to finance higher education the interest is Federal tax-free. You can find information about and purchase the I bond, sold by the U.S. Treasury and yielding 9.62% at www.treasurydirect.gov. I bonds earn interest for 30 years unless you cash them first. You can cash them after one year. But if you cash them before five years, you lose the previous three months of interest. (For example, if you cash an I bond after 18 months, you get the first 15 months of interest.) The Government Treasury Direct website gives these uses of I bonds:
save in a low-risk product that helps protect your savings from inflation
supplement your retirement income
This is just one example of the useful information that you can find in chapter 5 on Investing in both Financial Essentials for Couples and Financial Independence Essentials. Start your road to financial independence at any age! It is our belief that financial education should start when children are young and continue throughout life. “Financial independence for children, teens, and adults” is a series of short books focused on a specific age group or life event. Topics include teaching your child or teen about money, raising children to be money smart, what you need to know when living independently for the first time, blending financial priorities and spending habits as a couple, preparing for retirement and more. You will become educated in creating financial plans, how to budget, managing credit, setting up accounts, and planning for retirement and investing.
Our books are available on Amazon as a Kindle or print book. Our website has additional information that you may find useful.
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