Money and Investing (formerly Pfizer Stock prices)

[Satisfied customer]

Difference in that if you sell a TIPS prior to maturity you get whatever the market rate is. Not so with I Bonds as once you get past 5 years the accrued value cannot go down. When you redeem it you get principal plus all accrued interest. You cannot lose money on IBonds, you can on TIPS.
If you want proof of that look at recent performance of TIPS ETFs and TIPS mutual funds.

Only If you hold IBonds and TIPS to maturity there is no difference.

TIP pays interest monthly. You’d sell it today for market price and keep all the interest you have accrued.
I dump large sums of cash in and out of TIP regularly.
I have I bonds but its peanuts

 

[Bricktop]

In the past I always made a point of owing money (careful as to not owing too much as to get a penalty)
I only over withhold to buy more IBonds.
I always owe on NYS as there is no advantage to over withhold.

I am totally anal about it - for example I once was on a business trip to CA on April 15th. I brought my tax return and check with me and mailed it from there to Holtsville IRS processing just to hold on to my money for a couple more days.

You’re a regular Wolf of Wall Street G!

 

[trader1]

Further to a statement made in RIP section, @genius questioned weather once should spend down their retirement savings , or, save some for the kids—

Good question-

At the point of retirement, I could live like a king knowing I’m not going to make it another 5-10 years, spending like there is no tomorrow OR live like I always have-Never denying myself anything, being responsible and not buying the super fancy luxury car or diamond watch etc etc-

Just as happy with simple things, not concerned with having to make a statement nor being concerned with impressing anyone

FA suggests we can maintain current lifestyle, quit work altogether and have enough money till I’m in my 80’s- Ain’t gonna be here that long, so do I take that 3 month cruise, buy the 100k sports car- Most likely not-

Although I have not mongers in quite a while, I would still pay more $$ for the professional escort, then the routine AMP, or QV etc

Suppose just a matter of principals

 

[genius]

Further to a statement made in RIP section, @genius questioned weather once should spend down their retirement savings , or, save some for the kids—

Good question-

At the point of retirement, I could live like a king knowing I’m not going to make it another 5-10 years, spending like there is no tomorrow OR live like I always have-Never denying myself anything, being responsible and not buying the super fancy luxury car or diamond watch etc etc-

Just as happy with simple things, not concerned with having to make a statement nor being concerned with impressing anyone

FA suggests we can maintain current lifestyle, quit work altogether and have enough money till I’m in my 80’s- Ain’t gonna be here that long, so do I take that 3 month cruise, buy the 100k sports car- Most likely not-

Although I have not mongers in quite a while, I would still pay more $$ for the professional escort, then the routine AMP, or QV etc

Suppose just a matter of principals

But for every single one of us, one day there will be no tomorrow.

Many people have worked very hard at obtaining their position in life and there is nothing selfish about enjoying the fruits of their efforts.

As I posted in response to your post in RIP :If you look at many of the children and grandchildren who inherited wealth I suspect that you may find that the personal characteristics of the people making the wealth were not passed on to those inheriting it — in some cases to tragic results.