Consider checking out some of the options here for subsequent chilren's college education. A motivated student can get a great education and appropriate credentials for relatively minimal expense: https://www.choosefi.com/ultimate-guide-to-college-hacking/
Newbie question, wouldn't neighbor risk apply to Bond ETFs (bid:ask spread) and not Bond Mutual Funds?
https://www.bankeronwheels.com/are-bond-etfs-safe-fed-smccf-lqd-vcit-vchs-hygjnk/ & this one doesn't really address the question but good background https://www.bogleheads.org/wiki/Individual_bonds_vs_a_bond_fund
Big ERN's Safe Withdrawal Rate series is a beefy undertaking, and I honestly forget his recommendation for a SWR but if I recall correctly it was around 3.25%.
https://earlyretirementnow.com/safe-withdrawal-rate-series/ Granted this was for a 50-60 year time horizon more geared towards the FIRE crowd and may not be the most applicable answer for the 65 year old in your question.
Given concerns regarding back log of refunds - is there a guarantee that they would be 'purchased' prior to April 29, 2022 when using the tax refund option? I worry about missing the current rate (and am guessing the May 2022 new rate will be similar given the trajectory of CPI-U).
Second question, has anyone used Turbo tax for this? Any tips or warnings would be greatly appreciated. I'm sure most readers of HD have seen this great site but wanted to mention it in case they had not (this page tracks the CPI-U and how that affects the next I-Bond rate): https://tipswatch.com/tracking-inflation-and-i-bonds/
Comments
Consider checking out some of the options here for subsequent chilren's college education. A motivated student can get a great education and appropriate credentials for relatively minimal expense: https://www.choosefi.com/ultimate-guide-to-college-hacking/
Post: A Real Education
Link to comment from March 10, 2024
Newbie question, wouldn't neighbor risk apply to Bond ETFs (bid:ask spread) and not Bond Mutual Funds? https://www.bankeronwheels.com/are-bond-etfs-safe-fed-smccf-lqd-vcit-vchs-hygjnk/ & this one doesn't really address the question but good background https://www.bogleheads.org/wiki/Individual_bonds_vs_a_bond_fund
Post: About Those Bonds
Link to comment from September 1, 2022
On point #4, do you have a link to the article in the WSJ "How to make your daughter a millionaire"?
Post: Mix and Match
Link to comment from February 27, 2022
Big ERN's Safe Withdrawal Rate series is a beefy undertaking, and I honestly forget his recommendation for a SWR but if I recall correctly it was around 3.25%. https://earlyretirementnow.com/safe-withdrawal-rate-series/ Granted this was for a 50-60 year time horizon more geared towards the FIRE crowd and may not be the most applicable answer for the 65 year old in your question.
Post: Four Debates
Link to comment from February 20, 2022
Given concerns regarding back log of refunds - is there a guarantee that they would be 'purchased' prior to April 29, 2022 when using the tax refund option? I worry about missing the current rate (and am guessing the May 2022 new rate will be similar given the trajectory of CPI-U). Second question, has anyone used Turbo tax for this? Any tips or warnings would be greatly appreciated. I'm sure most readers of HD have seen this great site but wanted to mention it in case they had not (this page tracks the CPI-U and how that affects the next I-Bond rate): https://tipswatch.com/tracking-inflation-and-i-bonds/
Post: Rite of Spring
Link to comment from February 19, 2022