Here’s where I bonds may work in your portfolio, according to financial advisors
I bonds are currently paying 9.62% annual interest through this October, presenting an opportunity for investors with a range of goals, according to financial experts.
These assets, backed by the federal government, are nearly risk-free and inflation-protected, with rates changing every six months based on the consumer price index from the U.S. Bureau of Labor Statistics. The latest rate hike was driven by March inflation data, showing 8.5% annual growth in prices.
“As it stands right now, there’s really not a better deal out there,” said certified financial planner Byrke Sestok, co-owner of Rightirement Wealth Partners in Harrison, New York.