I recommend I bonds over CDs unless you are convinced we are due for some terrible deflation.I'm not sure I get this, I bond's are a vairable interest rate based on inflation, thus during times of run away inflation they should be one of the safest investments.Now, as for I bonds, they do sacrafice a 3 month penelty if cashed within 5 years; however they have deffered taxes until taxed, and no taxes (depending on income and other requirements), if used for education. This in many cases will outweigh the 3 month penelty if held for 2-3 years, especially since I bonds tend to pay better than most CDs.Finally, you may want to investigate 527 plans kiplinger.com has a good article as well as www.collegesavings.com. These provide some of the best way to save for college, and if you live in a state like Lousisiana, they will match your money if you fall in certain brackets.rubindj
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