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> Practically useless. The government only allows each person to buy $10k of I-bonds. $10K is way more than what most people can save in a year, so it's effect
by jjav 5y ago
> Practically useless. The government only allows each person to buy $10k of I-bonds.
$10K is way more than what most people can save in a year, so it's effectively unlimited for more households.
- mrb 4y agoCorrect, but I-bonds cannot be cashed out in the first year, and households who can't afford to save more than $10k/year probably aren't interested in having their investment tied out for 1 year. Quite frankly, a S&P 500 index fund would serve them better than an I-bond, even during severe market drawdowns.