No. of Recommendations: 0
I am nearing 30 and am finally creating a retirement plan. Ijust maxed out my 401K contributions and would like to create a Roth IRA to supplement it.

Because of volatile market conditions, I am leaning towards investing in bonds for a year or so until the market points upwards again. (I look at the SP500 and Dow Jones and having a Zero or negative returns....)

The government issued I-Bond which guarantees 3.4% above inflation rate appeals to me. At least I am guaranteed 5-6.5% percent annual returns until I decide to move into the market again. Two questions:
1) Is it possible to create a Roth IRA based on I-bonds
and
2) Anyone have any feedback on whether this is a Foolish idea?

Thanks for your help!
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement