December 21, 2021

DJIA                   35,469
S&P 500              4,633
10-Year Treasury 1.48%

Dear Clients and friends,

A close friend of mine introduced me to I bonds this past weekend. I thank him for the excellent idea.  We can NOT help you purchase these I Bonds.  You can set up an account at  if you would like to purchase these.  I have personally set up an account for me, and Kim (my wife) did the same.  We funded it with the maximum $10K per person,  and plan to do the same next month.

Series I Savings Bonds are currently paying 7.12%.  You can only buy through US Treasury Direct.  There is a $10K annual maximum purchase per person, per year.  Yet, inflation could plummet, and these bonds would pay less in the future if that were to occur.  Of course, vice versa could happen.  It is my understanding, and I could have read the site incorrectly, but you are guaranteed a minimum rate of doubling your money in 20 years. Using the Rule of 72, that equates to 3.60% (72/20 years = 3.6).

Here are some other tidbits:

  1. The interest is compounded semiannually.
  1. You can redeem the bond after 12 months. However, if you redeem the bond before it is five years old, you lose the last three months of interest.
  1. The interest on I bonds is a combination of a fixed rate, and an inflation rate.
  1.        Fixed rate: You know the fixed rate of interest that you will get for your bond when you buy the bond. That fixed rate does not change during the life of the         bond.  Treasury announces the fixed rate for I bonds every six months (on the first business day in May and on the first business day in November). That fixed rate then applies to all I bonds issued during the next six months.
  1.        Inflation rate: Unlike the fixed rate which does not change for the life of the bond, the inflation rate can and usually does change every six months.  I am fairly certain, but you would have to verify yourself, that the minimum rate over 20 years would be 3.6%.
  1. The above should not be taken as investment advice.  I am merely sharing some information.
  1. Thank you to my good friend for pointing this out to me.
  1. The 10 Year US Treasury is currently yielding 1.40%.
  1. We can NOT help you purchase these.  You can set up an account at   if you would like to purchase these.

As always, please let me know if you would like to have a discussion to discuss finances or

If you have any concerns, please reach out to me.

You can also follow us on twitter as well as on Facebook .

We hope you are and remain healthy and safe.  Merry Christmas and Happy Holidays!

Respectfully submitted,

Ronald R. Redfield, CPA, PFS

Important Disclosures

1. Redfield, Blonsky & Starinsky, LLC (RBS), only transacts business in states where it is properly
registered or excluded or exempted from registration requirements.

2. Past performance assumes reinvestment of dividends and other distributions and may not be
indicative of future results. Therefore, no current or prospective client should assume that the
future performance of any specific investment, investment strategy (including the investments
and/or investment strategies recommended and/or purchased by adviser), or product referred to
directly or indirectly in this presentation or on our website, or indirectly via a link to any thirdparty website, will be profitable or equal to corresponding indicated performance levels. The
investment return and principal value of an investment will fluctuate and, when redeemed, may be
worth more or less than their original cost.

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that any specific investment will either be suitable or profitable for a client’s investment portfolio.
No client or prospective client should assume that information presented is a substitute for
personalized individual advice from the adviser or any other investment professional.

4. Historical performance results for investment indexes, such as the S&P 500, generally do not
reflect the deduction of transaction and/or custodial charges or the deduction of an investmentmanagement fee, the incurrence of which would have the effect of decreasing historical
performance results of the S&P 500 Index. Whenever RBS performance is referred to, results
have been reduced by all fees, including RBS management fee.

5. Returns for the RBS portfolios have been calculated using actual time-weighted returns obtained
from all accounts over the time periods indicated. All RBS returns assume the reinvestment of
dividends and are shown net of the investment management fees and all other expenses. Please
see our form ADV for a full fee disclosure. Actual individual account performance may be
materially different from our composite results.

6. RBS files an annual form ADV, which includes an easy-to-read brochure. Form ADV is a
valuable read for anyone interested in learning more about RBS. Additional information about
Redfield, Blonsky &Starinsky, LLC is also available on the SEC’s website at . The searchable IARD/CRD number for Redfield, Blonsky & Starinsky,
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in the United States as measured by market capitalization. The S&P 500 Index performance
assumes reinvestment of all dividends and distributions and does not reflect any charges for
investment management fees or transaction expenses, nor does the Index reflect any effects of
taxes, fees or other types of charges and expenses. The S&P 500 Index is one of many indices and
is not necessarily the most appropriate index when comparing performance results.