Saturday, December 15, 2007

U.S. Treasury slashes annual savings bond purchase limit by 83%

A person could previously purchase up to $60k/year of Series I savings bonds, which are an inflation-protected, tax-deferred investment bond.  Starting 01 JAN 2008, the limit will be reduced to $10k/year.

In case you were wondering whether the feds were terrified of inflation, now you know.

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