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Yes, Social Security is indexed to inflation. You can also buy a certain amount of I-Bonds that are tied to inflation and are paying very nicely nowadays. Tax f
by nemo44x 4y ago
Yes, Social Security is indexed to inflation. You can also buy a certain amount of I-Bonds that are tied to inflation and are paying very nicely nowadays. Tax free too.
- jaywalk 4y agoUp to $10k/year, and they're currently paying 9.62%. There's no other way to get a guaranteed return anywhere near that, and everyone should buy as much as they can afford to. You're basically saying no to free money if you don't.
- dont__panic 4y agoThere is a cap of how many you can purchase in a given tax year, though. 8k or something IIRC.
- bombcar 4y ago$10k per person though you can supposedly double that with trusts somehow.
- quesera 4y ago> Tax free too. I bonds are not tax free. They can be tax-deferred, and some (educational) uses of interest gained can be tax excluded, for some people.