Craig Toberman discusses how the tax deferral for I-bonds can be a useful tool for some investors in the CBS News article “How to Buy I-bonds, the Surprise Hot Investment of 2022“.
"Once the bond is redeemed (sold) or it matures, the investor receives the full principal amount plus all the accrued interest – and is taxed on the interest at ordinary tax rates at that time," Craig Toberman of Toberman Wealth told CBS MoneyWatch. He noted, "This tax deferral can be beneficial from a tax perspective if an investor is in a high tax bracket (e.g., still working) when they purchase the bond and later is in a lower tax bracket (e.g., in retirement) when they finally redeem the bond and pay the deferred tax."
If you are interested in hearing more of Craig Toberman’s thoughts on other tax planning options, please book a call with him.
Craig Toberman is the Founder of Toberman Wealth – a fee-only, fiduciary financial advisor based in St. Louis. He assists families and businesses with strategic financial planning and long-term wealth management. He has over a decade of experience in financial services and has crafted custom financial plans for hundreds of families and businesses.
Craig received a Bachelor of Science (B.S.) degree in Agricultural and Consumer Economics from the University of Illinois and a Master of Business Administration (M.B.A.) degree in Finance from Saint Louis University. He is a Certified Financial Planner (CFP), Chartered Financial Analyst (CFA) charterholder, and Certified Public Accountant (CPA).
Craig is a member of the National Association of Personal Financial Advisors (NAPFA), Fee-Only Network, and XY Planning Network.
Craig lives in the greater St. Louis area with his wife, Ally and son, Hank.