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What are the features of series I savings bonds?

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this episode, Adam Nash delves into the world of inflation-protected bonds, specifically TIPs and Series I Savings Bonds. As the CEO and co-founder of Daffy, a not-for-profit community built around a modern platform for giving, Adam brings a wealth of knowledge and experience to the table. Series I Savings Bonds are a type of U.S. government bond that is designed to protect investors from inflation. Unlike TIPs, which are traded daily and can fluctuate in value, Series I Savings Bonds guarantee your principal investment. This means that you cannot lose capital when investing in them. However, they do come with some limitations. For instance, you can only purchase up to $10,000 worth of them online per year, and you must hold them for at least one year before selling. If you sell them before five years, there's an interest rate penalty. Despite these limitations, Series I Savings Bonds can be a good investment option for those looking to stash away some money for the long term that is protected from inflation. However, it's important to note that the information provided here is for educational purposes only and should not be considered tax advice. For a comprehensive understanding of your specific tax situation, it's recommended to consult with a tax professional. Now, how does Daffy fit into all of this? Daffy is a Donor Advised Fund (DAF) that simplifies your giving. With Daffy, you can easily donate to almost every U.S. public charity, track tax-deductible contributions, and access donation receipts all in one place. Plus, Daffy waives all membership fees for members with less than $100 in their fund. So, whether you're investing in Series I Savings Bonds or other financial instruments, Daffy can be a great option for managing your charitable giving. So, why not get started with Daffy today? It's free, easy to use, and a great way to streamline your charitable contributions. Don't forget to download the app for even more convenience.

Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.

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