What is the number one export in our country and how does it impact retirement planning in 2022? I would say it is money in the form of US Treasury bills. The US 10 year Treasury bond is the most widely distributed bond in the world. Corporations and countries use the 10 year Treasury bond for international trade as a safe and secure asset.
In my company email update I have recently recommended I Bonds (The I is for inflation). These bonds are currently paying 9.6% interest that is adjusted every 6 months. You need to establish your own account at the US Treasury. Follow the link to get started. www.treasurydirect.gov
Setting up the account is a little tedious. There are a number of security checks in the process. Once you are on the site you can buy I bonds as well as the EE bonds. You can also bid on other government securities. Recently I have been purchasing the one year Treasury bills. These bills are auctioned every 2 to 3 weeks. For example, the Treasury withdrew $960.01 from my checking account for a one year Treasury bill. One year from now they will deposit $1,000 into that same checking account. This gives me a yield of just over 4.1%! Let me know if you find a bank CD paying anything close to 4%.
For short term investments I would recommend that you explore the options on Treasury Direct. If I can help please let me know. Contact Us
