When & How To Redeem I Bonds on Treasury Direct (2023 Guide)

Series I Savings Bonds are incredible cash investments to help protect your money against inflation! That said, their yields have fallen given the decrease in inflation numbers. In this video, I'll show you when & how to redeem your I Bonds on Treasury Direct to maximize your savings!

🕒 TIMESTAMPS:
0:00 Introduction
0:13 Tutorial
1:19 When To Sell I Bonds
2:24 Back To Tutorial

#treasury #bonds #ibonds

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🎵 Audio Track
- Osaki x Sleepermane x Casiio - Brooch
- Provided by Lofi Records
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* All videos are for entertainment & educational purposes only and should not be construed as financial or investment advice. Links above include referrals that help financially support me and the channel. Referral offers and information provided in the video are accurate at the time of the posting date but may not be so in the future.

[rosenasser]

Another Super Video! I must also redeem some I-bonds in January 2024. I'll be anxious to see what the CPI inflation number and new I-bond interest rate will be come November. I don't really think inflation is under control and over with as yet. I think now that we are past the month of June (June of 2022 was last year's peak of inflation, so this last CPI number and inflation rate was low for 2023). But I think it may start crawling back up again.

Eric what do you think about this news out today? See below:

"Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.

Fitch had first flagged the possibility of a downgrade in May, then maintained that position in June after the debt ceiling crisis was resolved, saying it intended to resolve the review in the third quarter of this year. With the downgrade it becomes the second major rating agency after Standard & Poor’s to strip the United States of its triple-A rating."

[reginnagarbia]

The markets remain doubtful that the Federal Reserve will keep to its plan to raise interest rates until inflation is under control, even if bond yields are rising while stock prices are falling. What is the best method to profit from the current bear market while I'm still considering whether to sell my $401, 000 worth of stocks?

[pirluitpomer]

Hello Eric! Thank you for your very helpful video. I have a few questions before redeeming my I-bond: 1) Do I have to close my Treasury Direct account if I withdraw all the money that I have in there or can my Treasury Direct account be left open with zero dollar? 2) What if I just don't withdraw and keep the I Bonds that I bought in August 2022, will it continue to earn Interest after 15 months? 3) After I make the withdrawal, how will I report the interest when I do the taxes (at tax time next year), does Turbotax have the steps to report earnings from I-Bonds? I appreciate very much your reply that will help me decide on how I want to proceed. Thank you very very much!

[mahtehrani]

Hi. Do you have also Information about Edison Company Bonds? And how to redeem them?

[SilverMt.]

thank you, great info in your video was looking for

[TheSafetyDocPodcast]

Terrific video, Eric! I'll add that I Bonds can be redeemed and exclude due tax on Federal interest under strict IRS conditions that the funds are used to pay university expenses for the holder or for a dependent. I probably wouldn't hinge my decision to sell based upon that feature, but if I had a child in college right now, it might factor into my decision.

[pallidbustofpallas]

Excellent video! The treasury direct website is a little confusing so it's great to have this. Also, I was about to cash out 1 week before the end of the Month. I'll wait for September! Great advice.

[EricCummingsNB]

Is it possible to cancel your redemption once it has been initiated?

[rs]

Good info. iBonds are so confusing. Will sell as soon as I review. Thanks!

[barryq]

I was interested in selling some of my I bonds I bought in January last year! I should probably get onto it 😅

[itsme]

Thank you for the chart. I hope you do another 2024 video :)

[danielh]

Great concise informative video. One question, if I have December bonds, is it not a good idea to sell in October (I didn't see this video in September)? I don't understand why certain months are ideal to sell if you bought at a certain month. Is it just because it's in the 6-month increment?

[Mrez]

thanks for the video! in your example, $280 redeemed, where did the -3 month interest reflect in the tutorial? or is 280 including the negative prior 3 months already.

[suracharawirojratana]

Thank you making this video.
Can you please tell me if I redeem the entire balance which includes principal and the interest amount, would my account be closed as the balance would be $0 ???
Thank you 🙏

[reginamartinez]

I have a question?? Can I transfer my ibonds to a treasury bond without redeeming the ibond back to my bank or do I have to redeem my ibond back to my bank then re-desposit into a treasury bond?

[jaycee]

Hi Eric, Enjoy learning from your videos. I bought $10, 000 of IBonds in May 2022. Unfortunately I cannot redeem them on August 1st because I just caught your video today 8/12. It's not the end of the world since I have a few T-Bill ladders going, but who likes getting a lower return on money especially since we were robbed of higher interest rates not to long ago. Any thoughts?

[WHTBUFFALL]

If you create an account would you be able to find old bonds or locate them easier? Just seeing if there’s easier way to locate lost or stolen bonds in your name

[getech]

Hello Eric, thanks for your very informative video about selling I bonds. Can you tell us how to redeem a gifted I bond? I bought a I bond for each of my family members. We would like to sell them now and reinvest in CD's which are paying more. Thanks for your help!

[rubiconfpv]

Can someone tell me if the figures on the TreasuryDirect web site have the 3 month penalty figured in. Video Ex. Amount = $250 | Current Value = $280.20. Is the $280.20 exactly what will go to your account, or will a penalty be applied to the $80.20 that was earned thus far? Thank you.

[mrmiilan]

Hi Eric, Does Tressury Direct provide a personal statement every month? I recently sold an I bond and need a statement to show to the loan provider.