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Yukycg t1_iuf0ich wrote

IBond is not really a short term investment IMO (I personally view them like a 5 years CD) since less than 5 years there will be a 3 months interest penalty.

To me it is kinda strange. On April 2023 you will need to pay a tuition bill, you are planning to sell the ibond to pay for the tuition and then buy iBond again?

The math would be the interest you save by using iBond for payment minus the early withdraw fee

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Longjumping-Nature70 t1_iug0mxc wrote

I agree with Yukycg.

IBonds cannot be cashed until after 12 months. then you lose 3 months of interest or something. All CLEARLY explained on the treasury website. I found it and read it, and I am old and dumb.

Can you do a 529 on yourself?

Short term cash goes into a HYSA or a 6 month CD. Not into iBonds or stock market at this time. Or that other weird thing, crypto currency.

I truly wonder how many young people bought Bitcoin at $60,000(or a fractional share) and are now down to $20,000 taking a 67% haircut.

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