Submitted by Bigchip01 t3_10pk023 in personalfinance
Knipfty t1_j6kwmgm wrote
- Don't know
- Settlement date
- If buying at auction, you need to place the order prior to auction and after the announcement. The settlement will be a few days after the auction. This has some good info. Look at upcoming auctions. https://www.treasurydirect.gov/auctions/upcoming/
- Focus on the 13. AKA 3 month T Bill. Buy this one next week. The announcement will be on Thursday. Then in 4 weeks, repeat the process. Then in 4 weeks repeat. Now you have a 3 month T Bill Ladder.
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- While you can sell them at any time in the secondar market, you are then subject to interest rate risk, so you will not make as much as you originally planned.
- Interest is State Income tax free. If you sell early though, the cap gains will not be.
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