Hey there.
I have been redeeming my I-Bonds as they pass the 1 year mark and are resetting to the lower 3.38%. I did my first redemption on Oct 1 and will do another on Nov 1. I think I may leave $10k or $20k with Treasury Direct to be an emergency savings fund of sorts. My bank is one that only pays 0.01% on savings, so I don't want to keep it there. I don't have the restraint to simply leave the funds in a money market account at the brokerage - I've tried that, and it's just too close and easy to access and buy more things. Treasury Direct took care of my redemption very quickly, so I'm comfortable with my ability to access the funds should I need to in an emergency situation. At the same time, it's out of sight in that I don't see the cash sitting in my brokerage account daily, begging me to invest it.
All that being said, I have continued purchasing municipal bonds and CDs as the maturities, interest payments, and redemptions/calls take place. I have focused on longer maturities with the municipal bonds, 7, 10 years and more is certainly the case. I regularly scan the secondary market for CDs and it's almost like a game. I have gotten some incredible deals for 6 months to 5 years depending how lucky I get.
Most things I have maturing over the coming 14 months is in the 2% to 3% range so locking in 6% to 8% for up to 20 to 30 years is really something else - upping our future retirement income in real time. It is extremely easy to purchase high quality taxable municipal bonds right now in the 6% to 7% range with very little research. Yesterday I noted over 400 available. I pray that things stay like this over the next year to give me the opportunity to continue raising our future income/returns.
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