Welcome to the Stay Wealthy podcast with Taylor Schulte.

This is not Taylor Schulte.

As you may be noticing, it is Jeremy Schneider filling in for Taylor for part of June

and July.

And today we are talking about eye bonds.

Specifically, we're going to go over what are I bonds and how do they work.

Is this 9.6% rate that you may have been hearing about too good to be true?

And should you be buying them and we'll also be answering two questions from listeners.

If you are ready to learn about this unique and virtually risk-free government-issued

security that's currently paying over 9% interest,

today's episode is for you. For all the links and resources mentioned in today's episode,

head over to you staywealthy.com slash 160. All right, so I bonds. First, let's talk about what is a bond.

A bond is when you give money to a company or a government with the understanding that

they are going to give you your money back at some point in the future, plus a bunch of

interest payments.

It's a way to have your money working for you to build more money.

The government has a specific type of bond

called an I bond. What is it? Well, it's a bond. You give the government money, the federal treasury

in this example, and they agree to pay you a certain rate of interest over a certain term.

The I and I bond stands for inflation because the rate of return they agree to pay you

is based on the current rate of inflation.

And that's why we're doing this episode.

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