The First Social Security Payments of 2024 Are On The Way

Stepping Into Cashing In Bonds | Is It A Good Time To Cash In Your I Bonds? | When to Expect Your 2024 Social Security Checks Created for {EMAIL} | [Web Version]( January 10, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] INTRODUCTION [] - [Stepping Into Cashing In Bonds]( I bonds last had their time in the sun during the pandemic. [I bonds]( issued from May through October 2022 carried a 9.62% rate and demand was so high — the TreasuryDirect.gov site crashed. The [current rate is 5.27%]( and will reset on May 1, 2024. While these bonds fully mature in 30 years it may make sense to cash them in earlier. Kiplinger senior personal finance editor, Sandy Block, has advice from a bond expert about [the best time to cash in I bonds](. - Donna LeValley, personal finance writer P.S. I welcome your questions and suggestions about this newsletter – you can reach me at d.levalley@futurenet.com [7 Secrets to Know About Hiring a Financial Advisor]( Choosing a financial advisor is a major life decision that can determine your financial trajectory for years to come. Be aware of these 7 secrets comfortable retirees know about hiring an advisor, so you can find peace of mind and potentially avoid years of stress. [LEARN MORE]( ADVERTISEMENT [] TOP STORY [] [Is It A Good Time To Cash In Your I Bonds?]( [Is It A Good Time To Cash In Your I Bonds?]( (Getty Images) When to cash in a bond should be a deliberate choice. The yield on an I bond has two components and tracking the fixed rate is the key to knowing when to cash out and reinvest somewhere else for a better return. [We explain how to evaluate your I bonds to determine when to cashout and move on to better returns](. We can also help you figure [the taxability of your I bonds]( before you redeem them. [] SOCIAL SECURITY [] [When to Expect Your 2024 Social Security Checks]( [When to Expect Your 2024 Social Security Checks]( (Getty Images) If you receive Social Security benefits, your first payment of 2024 is imminent. These payments will include the [3.2% COLA]( and are disbursed based on your date of birth. I have prepared a chart that tells you [when to expect your January and February payments]( and some suggestions on how to make use of the increased payment. [Great Futures Start with Defined Goals]( Vanguard Personal Advisor provides ongoing portfolio advice—along with support and personal coaching to help you make decisions, tackle challenges and complexities, and stay aligned with your goals. [Start the conversation today]( Paid non-client promotion [LEARN MORE]( ADVERTISEMENT [] COSTCO [] [Costco Deals 2024: Dozens of Discounts To Kick Off January]( [Costco Deals 2024: Dozens of Discounts To Kick Off January]( (Getty Images) Don’t worry if you didn’t bag enough bargains during the holidays. Retailers are keen to give people with gift cards plenty of incentives to use them. Costco has started January with some great deals and [we have a round-up of some of Costco’s best offers](. [A better way to invest]( Investing for you, managed by us. Automated trading, rebalancing, and dividend reinvestment, we put our technology behind every dollar you invest. Investing Involves Risk [LEARN MORE]( ADVERTISEMENT [Advertisement] [] ALSO ON KIPLINGER [] - [What’s behind]( the Bitcoin rally? - Boeing investigation: [what fliers need to know]( - ROXi to launch [free music video streaming]( in U.S. - Amazon to [quit Venmo in January]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger Retirement Report]( and [Kiplinger Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](concat('mailto:',$brief_feedback_email)) | [ADVERTISE]( [Future]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036