When & How To Redeem I Bonds 2023

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This video is for those of you who are or are planning to get out of I-Bonds now that we know the May 1st variable rate is projected to drop to 3.38%. So, when is the "best" time to redeem your I-Bonds & how do you redeem your I-Bonds (step-by-step) as always - that's what I'll be talking about in today.
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27 июл 2024

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Комментарии : 220

@DiamondNestEgg Год назад

Thanks for visiting our personal finance channel! We hope this content will help fast-track your financial journey! Everyone's financial journey is different. Please note that: 1) there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances & 2) we will not ask you to call us or send us money in the comments on this channel or any of our other social media accounts, so if you see comment(s) along those lines, it is most likely spam - PLEASE DO NOT ENGAGE WITH SPAMMERS OR GIVE OUT YOUR PERSONAL INFORMATION FOR YOUR OWN SAFETY. > > WATCH NEXT < < ⭐ Why We're Buying More 5.4% I-Bonds In 2023: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hwBPBWRht3I.html ⭐ I-Bond Gifting 101: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-bSoZJJypSAQ.html ⭐ Buy I-Bonds Or TIPS In 2023: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-JKbvtdcsPSM.html ⭐ Best Money Market Funds vs Cash 2023: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-N53wZ_80abU.html

@eddenoy321 Год назад

Great tutorial ! I will watch it again before I begin to redeem. The info on no interest in the month of redemption is something I was unaware of.

@Mike-bq4ot Год назад

@@eddenoy321 As I understand, it's an offset for the fact that you earn interest for the entire month of purchase even if you buy at the end of the month. It all works out if you time it right.

@eddenoy321 Год назад

@@Mike-bq4ot Makes sense , my forensic accounting colleague.

@johnsaraniero5057 Год назад

I purchased an I Bond on 8/30/2022 and would like to redeem it at the 15 month point. If I redeem the I Bond on 10/1/2023, would that be considered 15 months? Thanks.

@rivnuts7398 Год назад

Providing the step-by-step instructions to achieve a particular objective is invaluable to those of us who have not done so before or have not done so in a long time. It precludes we novices from bumbling through the process to do so. Thanks.

@abrahams.lincoln6749 Год назад

Well said river nuts. 🎉

@ararel3550 Год назад

I'm coming late to the world of I-Bonds, but I like them for the reasons you've stated. I've learned so much from your videos. Sincere thanks!

@mikehenderson2039 Год назад

Such useful and easy-to-learn information; you do a great job of explaining the processes as well as your straight-forward rationale! Keep up the outstanding work and I’ll keep subscribing!

@wwongma Год назад

Always appreciate the details you provide (esp the table showing redemption) and step by step on how to. I am not ready to sell so will be holding on mine for a bit longer.

@ellenc.1685 Год назад

Great info. Thank you for confirming that partial I bond withdrawals are an option.

@dennismoore1116 Год назад

As usual your video is great at explaining how it works and what the results are for how you handle these choices. Thanks. Nobody explains these various bonds as well as you do. My goto source when I have questions.

@chucktrier9586 Год назад

Thanks for the video - you went the extra mile! Kudos!

@alseidel5622 Год назад

Jennifer you are a real trooper to redeem that $25. I like you are not really ready to part with any of my I bond holdings. Great tutorial as always.

@bernlitzner2739 Год назад

Not sure when I'm going to redeem (started in October of 2021), but thank you for going thru the process. I like the partial withdraw option.

@rickclark1372 10 месяцев назад

Just redeemed one I have held for 15 months and it looks like I netted 8.52% overall, so that worked out well! Great teaching Jennifer!

@rmakams Год назад

I had the exact same questions about when and how to withdraw .. this video just gave me full details as always 😊. Thanks again for your detail videos.

@chuck8842 Год назад

Your meticulous and crystal clear explanations are so valuable to me and my family. Since 7.12%, I have gradually moved our family's entire emergency fund as well as other mid-term savings (time horizon: 2-3 years) into i-bonds, and this video helps me plan the next steps as I partially liquidate. I hope this tip balances out the returns you negated by redeeming your $25 of bonds for educational purposes. :) Thanks again!

@DiamondNestEgg Год назад

You’re welcome Charles 😀

@mikebiase6710 Год назад

You are the BEST ! Treasury direct should pay you for all this great info you give us 👍

@johnw8938 Год назад

Thank you so much !! Very, very helpful, as usual for you ! So glad I found your channel (and subscribed, of course).

@khc8800 Год назад

Thank you SO MUCH for the step-by-step! Now I feel very confident. Your $25 redemption is greatly appreciated! In particular, the advice on redemption at month 15 and that it doesn’t make a difference doing so in beginning or end of calendar month was spot-on precisely what I need. Crystal clear video. Love it.

@wtang7 Год назад

Thank you for the clear recommendations on when and how to redeem iBond. It saves me a lot of time and still miss the best opportunity to redeem if I struggle through on my own.

@freddygc7 Год назад

Thank you for going thru the process.

@blue-fj9ky Год назад

I redeemed my 1-year old I-Bond yesterday. Even with the penalty it was a great trade for a risk-free instrument. Thanks for the guidance. I met my goals and appreciate your clear information on the topic! By the way, Treasury Direct was quick with the redemption. I applied Sunday night and it hit my bank account Tuesday morning.

@merlion17 Год назад

@@_-Karl-_ 3 months of 6.48% over past 3 months

@blue-fj9ky Год назад

@@merlion17Yes, the last three months interest are forfeit if you redeem in less than five years.

@blue-fj9ky Год назад

@@_-Karl-_ I ended up getting 6.04% interest for one year holding from last April, combining the two rates in effect for each half year and subtracting the three month penalty.

@eddenoy321 Год назад

@@_-Karl-_ Hello. I thought the TD platform would show you the penalty before you hit the redeem button. Am I wrong ? Or I have to subtract the penalty manually? I will redeem some ibonds after the 21st month mark in July but I don't want to pay any more EWP than I have to. Maybe I missed that in the video. Thank you.

@supersteve8305 Год назад

Great tutorial. I will refer back in three months when I am ready to cash out.

@fubarbrandon1345 Год назад

Your videos are very helpful...thanks Jennifer.

@dabarkster Год назад

Thank you very much! This was exactly what I needed to understand such a confusing subject. 🙂

@jjpac2011 7 месяцев назад

such valuable, important information learned here. I came in at 9.62% and thanks to your recommendation, will hold for 15 months and return here for the step by step directions to redeem them. thank you very much.

@MarkJames-cs2st Год назад

Your videos are always so easy to follow and very educational! Thank you for sharing and for your expertise. I’m a fan!!

@joeg9920 Год назад

Thank you so much for your time for showing us this step by step process of withdrawing from an I-Bond account. You made it look so easy to do.

@russvarano8086 Год назад

Thank You .was wondering how to redeem my I bond..you make it easy..great videos and advice..

@khiemnguyen2060 Год назад

Thank you for your video. It helps us to know when and how to withdraw I-Bond. You're the best.

@stevensinger8486 Год назад

Thanks so much, that was extremely helpful.

@philipdutton9831 Год назад

Thank You for all the information you provide on I bonds. Bought 10k worth @ 9.62 and contemplating what to do come July 1st +3 months. 🤔

@asia-88 Год назад

Impressed with the clarity in definition in everying you are explaining.👍👍

@LouisTheTraveler76 Год назад

You always privide super useful information - thank you!

@boriskasperov7718 Год назад

Thank you for your clear step by step explanation. It is greatly appreciated.

@poetic.voyage Год назад

This was very helpful. Thank you.

@amandaackermann3965 Год назад

Great to see how to redeem I-bonds! On a similar note, can you make videos showing how to sell T-bills on the secondary market? I am trying to do this on TD Ameritrade, and it’s not as straightforward as I thought it would be….

@E.E.F. Год назад

Thanks for this video! I will hold my I-Bond for at least 5 years or until my grandchild needs the funds for college or a first car.

@DonMarcos7 Год назад

I had no idea that we can redeem a portion of an I-bond. So thankful for you Jen!

@msbarb1 Год назад

ditto

@DougASAP Год назад

Thanks for your financial sacrifice for our benefit! Hopefully you are safe harbored with your estimated payments and don't incur penalties from this windfall.

@kevinzou7390 Год назад

As always, huge thanks for the update on I-bond redemption and a whopping $1.42 interest gain 😂

@djsausagebiscuits Месяц назад

thank you, you made this so easy for us!

@arielle007 Год назад

You're amazing! God bless you. This will come in handy one day and you would have saved me several hours.

@andrekuz 10 месяцев назад

Your are the best! Very clear explanations of convoluted rules and cumbersome interfaces associated with US Treasury services. Thank you!

@cencership Год назад

Thanks for the sacrifice inorder to educate 🙏

@adamdominguez7470 10 месяцев назад

Thanks!!! I was so excited to buy last year... but never checked out how to get it back 😂... now I know thanks

@richkuban2027 Год назад

Thank you for another helpful detailed tutorial, giving the extra effort to provide accurate information. I will be redeeming ours after holding them the extra three months. You are definitely the Ibond guru!

@DiamondNestEgg Год назад

Thanks for sharing!

@union1459 6 месяцев назад

Very easy guide and super well explained in detail. Thank you !!!!

@cpmail3932 Год назад

Hi Jennifer! Thanks so much for another great video! I'm not getting out of my I bonds quite yet but some of my T-bills are maturing. I would love more information on the federal withholding option in Treasury Direct. I saw you had yours at zero. I would love to understand your thinking and strategy. How do I figure out a ballpark number how much to withhold in TD or how much to set aside elsewhere for tax year 2023? If I decide to withhold in TD, how and where do you click through to set it up? Thanks! 😊

@billriley6649 8 месяцев назад

Thank you again for your clear, concise directions and sound advice.

@alexadams1627 Год назад

Thank you for or making this redemption video. I was wondering how to redeem the ibonds when the time comes.😊

@Marksmith-ee5sr Год назад

Thank you Great information

@slobodantrendic22 10 месяцев назад

Hi Jennifer. Please consider addressing older issue I Bonds as part of your "when to sell" discussion. For example according to TD's I Bond value calculator the bond issued between Nov. 2005 and Apr. 2006 is earning a current Composite Rate of 4.40%. Inflation rate in the US is expected to decrease to 2.1% by 2028. So should one sell I bonds and for example buy instead a 5-year Treasury Note yielding guaranteed 4.4% based on latest TD auction result? It would be an informative discussion keeping in mind that , as you often point out, everyone's financial journey is different. Thanks for providing excellent video tutorials on many interesting subject!!! Have a great weekend...

@barbaraperry2796 Год назад

Thank you!

@garyw9707 Год назад

Thank you for the step by step instruction and use real example with your $25 redemption.

@SecretCollage 5 месяцев назад

Thank you thank you thank you!!

@SeamusMaccDuff 4 месяца назад

Great video. Very detailed. It may help to know that to set the withholding amount, it's under Account Info. "Manage Account" seemed more logical.

@morganzoeclanthem2847 Год назад

Thanks Diamond, I was hoping I could just sell the interest portion and keep the principal, not possible it seems.

@KG-oe8oo Год назад

Can you do a video on when it makes sense to redeem old bonds (after 12 months but under 5 years), lose the 3 months interest and buy new bonds to capture the new fixed rate of .9%?

@Funexpected Год назад

An excellent concise and informative video.

@bryans4415 Год назад

Great video and thanks for putting this together. As someone who bought their i-bond on 5/2022 I'm a bit curious as to the calculation for the second six month total. Currently my i-bond value on treasury direct lists 1076 and no 1082. Is there something i'm missing? Appreciate any assistance!

@jasonflores1990 Год назад

had to come back to this video today to confirm my understanding and it was perfect. Just redeemed my May 2022 I-bond. and just decided to wait until month 21 to redeem my April 2022 paper bonds. yes, paper! LOL

@DiamondNestEgg 11 месяцев назад

Glad the video was helpful!

@0007tad Год назад

As always fantastic info, I have a question if I may , I know about the 3 month ( early penalty ) but if I was to redeem 1 years and 1 day , would I be credited for that month, and only be penalized 2 months ?

@davidfreimuth9741 Год назад

I am actually getting 9.6% on some older I bonds right now and also 7.6% on some others............. bought in 2001 and 2004.........

@user-hh5xw7de1n Год назад

Really great content, always appreciate your work. Last year, I took some of my Federal tax refund as I-Bonds, issued as paper I-Bonds. I plan on holding them for the full 5 years. The issue amount is $1000 each, so I assume partial redemption is not an option. How would paper I-Bonds be redeemed?

@wcastill1 5 месяцев назад

Thanks for the easy to follow instructions for redemption of Net Payment.

@IwasRetired Год назад

All good advice, if we hadn't bought gifts at 9.62% in 2022 to exchange in 2023. That is why my strategy is to just redeem and don't buy in 2023. Now if fixed rate were to jump above 1% in May, maybe we would buy more gifts to exchange in 2024!

@clubfloozy 11 месяцев назад

You are so awesome. Thank you! 💖

@daveclark6324 Год назад

This was great info! Sorry you had to redeem part of your I bonds to show us how to do it 😕

@mjvicc1952 Год назад

In the box for Redemption Instructions “Select payment destination to credit” what entry is being requested? The bank name? The bank routing number? The account number ? Thank you so much for clarifying the ambiguous information the website offers.

@gkhutch Год назад

Thank you.

@bhavnashah479 Год назад

Your videos are very helpful Thanks

@OroborusFMA Год назад

I purchased a 10K I-Bond in December 2021 and April 2022 (both beginning at 7.12%) but their interest does not quite match the table presented at 1:34. For example instead of $360 in the first six month period my interest was $356.

@jledford5644 Год назад

Great information. Thanks. Are there any US banks, credit unions, or investment houses that still are redeeming these bonds???

@FrancescaCignarella Год назад

Any pros or cons of having treasury direct do the tax withholding for you? Is this explained in any of the videos? thanks!

@FreakyLynx Год назад

Thank you for the video but I’m also curious what’s the process for redeeming iBonds that are physical certificates?

@rossim1918 Год назад

Thanks for the video. So will there be a way to get a 1099 even if the ibond is depleted

@josuepena7266 Год назад

If you cash out part of the bond before time, what is the 3-month interest penalty? Is that only on the interest on the amount you are taking out or the original amount? In $25 example, would that be only $0.41 penalty ($25 * 0.0648 / 12 * 3 = $0.405)

@vivisimonvi Год назад

Many of us bought in April of 2022 and I calculated the ideal time to sell that specific bond would be at the beginning of January of 2024 where you forfeit the 3 months of 3.38% interest.

@eddenoy321 Год назад

Don't forget your base rate of .40 % (it may change next month as well).

@vivisimonvi Год назад

@@eddenoy321 I don't think this is correct as the specific I-Bond purchased in April of 2022 carries a 0% fixed rate.

@eddenoy321 Год назад

@@vivisimonvi " I Bonds issued from November 2022 through April carry a 0.4% fixed rate, a rate that applies for the 30-year life of the bond. "--(google). This could change in May.

@vivisimonvi Год назад

@@eddenoy321 November 2021 - April 2022 carries a 0% fixed rate. Many of us bought in that period.

@eddenoy321 Год назад

@@vivisimonvi Ok you are correct. I thank you for pointing it out to me "The fixed rate stays the same for the life of the bond." - (google). Well that does change things. Is this shown in the ibond history on the TD website as well ?

@r.c.s.j9774 Год назад

Jennifer，can you please do a video on T-notes? Is it worth to invest? Comparing with t- bills and cds what’s pros and cons? Thanks

@user-if4bd2go7s 8 месяцев назад

Thank you for posting this information, as it is helpful. Can you please clear my confusion about delivering gift ibond. Question - Is the 3 months interest penalty applied/payed at the time we deliver the ibond gift to the recipient OR it is applied when our recipient actually cash the gift ibond after delivery? Looking forward to your earliest response.

@pirluitpomer5812 8 месяцев назад

Hello Jennifer! Thank you for all your very helpful videos. I watch this video about redeeming I Bonds a few months ago and come back to it now since it's time for me to redeem the the I Bonds that I bought 8/8/2022. I have a few questions before redeeming it: 1) Do I have to close my Treasury Direct account if I withdraw all the money I have in there or can the account be left with zero dollar in there? 2) What if I just don't withdraw and keep the I Bonds, will that continue to earn money? 3) After I make the withdrawal, how will I report the interest when I do the taxes when comes tax time, does Turbotax have steps to report the earning from I-Bonds? I appreciate very much your reply that will help decide how I want to proceed. Thank you very very much!

@timmoegen5521 Год назад

Thanks Jennifer for your i-bond insights. I have a clarifying question re: timing of my i-bond redemptions. You suggest I redeem my 12/13/21 purchase date i-bonds after a 21 month holding period to take advantage of better yields elsewhere. My question is, on what specific date should I optimally redeem those i-bonds to satisfy your suggested 21 month holding period? Is it exactly 21 months after my purchase date (i.e. 9/12/23) or must I hold those i-bonds for the full calendar month (or until 9/30/23) in order to satisfy the 21 month holding period. Thank you!!

@GunterandthePenguins Год назад

Does your husband have a finance background as well? Ty for doing all these videos, they've been really helpful over the past months. Also, are you planning to just hold the ibonds for the full 5 years?

@LungYang Год назад

How about redeeming the The I-Bond check from tax return?

@jamesrobertson504 Год назад

Great video Jennifer! Have one purchased in late Feb '21. So if I choose to sell, then I should wait until early September for that last month of 6.48% interest in August to be credited to my account balance? I hope I got the math right.

@jamesrobertson504 Год назад

@@_-Karl-_ Thanks very much! My issue date was 2/18/21. Your reply got me to pull out my file (I'm old and print out the TD balance on the 1st of the month) and noticed my first interest payment at the 7.12% APY showed up in my account on 6/1/21 (which would reflect interest earned in May of '21), the rate changed in November to the 9.62% APY and appears on my 12/1/21 balance print out, so I'm expecting the rate to again change in May which will appear on 6/1/22 in my TD balance. So, the decision date to either sell or hold for me is 11/1/22, which is when I expect my TD balance to reflect the last of the 6.48% APY payments earned.

@billspaid9 Год назад

Thank you for this video. My bond will be 1 year old May 10th , so I know now to redeem on August 10th. Thanks again young lady. Sincerely Yours; Bill....

@billspaid9 Год назад

@@_-Karl-_ Thank you

@anneshields8188 Год назад

If life goes well for me, I plan to hold until maturity. How do we claim taxes each year so we aren't hit with a big bill? Possible video? I don't imagine Treasury makes that easy 😅

@horseradish302 Год назад

How do months work with the I-bonds? I've heard you get credit for the full month in which you purchase even if bough late in the month. For instance, if an I-bond were purchased on 15 Jan. 2022, exactly 21 months later is 15 Oct. 2023. Would the earliest suggested withdraw date be 1 Oct, 15 Oct, 16 Oct, 31 Oct, or 1 Nov?

@lcas2891 8 месяцев назад

Can you redeem iBonds to buy new iBonds in the same transaction? Or must you redeem first, get the cash back, then transact to buy new iBonds? I cannot find anything about this process. Thank you for your videos!

@robn.5932 Год назад

What about redeeming paper I bonds that were purchased with a previous tax years refund?

@timmurphy7387 Год назад

This is a timely video. I'm coming up on 12 months but will wait for 15.

@DiamondNestEgg Год назад

Glad the video was helpful

@leascaart Год назад

Would be AMAZING if redeeming could be scheduled.

@PAWKID4LYFE Год назад

Love the thumbnail with the old school cash.

@michaelminauro4180 Год назад

Good stuff

@salmattimiro9053 Год назад

For ibonds purchased in May 2022, what date should I sell them in order to hold them for the three months of lowest interest? Aug 1st 2023? Sept 1st 2023? Exactly 3 months beyond the original purchase date such as 4/5/22 purchase date and 8/5/2023? Other?

@anustack Год назад

question, I bough 2 Ibonds worth 20K(myself & gift to spouse) in May 23rd 2022. I wanna redeem them at month 15th which is Aug 2023 right? but not sure what time (beginning or end) during the 15th month should we redeem Ibond?

@kona6451 Год назад

Best plan is to hold for the 15 months then cash in.

@DiamondNestEgg Год назад

Thanks for sharing

@worldtrav72 Год назад

I thought we can redeem without penalty if used for qualified education expenses, correct?

@brianjp18 Год назад

So if you redeem a portion, does the rest continue to earn interest? Do you only lose 3 months worth of interest on just the portion you redeem? 25 bucks in your example.