With inflation raging at a 40-year high, doctors are looking for investments that will help keep pace. Little-known inflation-adjusted U.S. Savings Bonds are now offering tantalizingly high rates, thanks to the recent surge in prices. Here’s how to take advantage.
I-Bonds were introduced in 1998 to help Americans invest for college and retirement while ensuring that their savings wouldn’t be undercut by future inflation. I-Bonds are guaranteed by the federal government and pay interest at a fixed rate set by the Treasury, plus an inflation-adjusted rate determined by the change in the Consumer Price Index (CPI) over the past six months. The interest is paid (compounded) semi-annually, and rates...
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