Home Guides & Resources chevron_right Financial Planning Double-Dipping on I Bonds (Almost) Published November 3, 2022 Diana Linn, CFP®, CDFA®Wealth Advisor In our latest Adviser Takeaway video, Wealth Adviser Diana Linn explains what I BondsA financial instrument representing an IOU from the borrower to the lender. Bond issuers promise to pay bond holders a given amount of interest for a pre-determined amount of time until the loan is repaid in full (otherwise known as the maturity date). Bonds can have a fixed or floating interest rate. Fixed-rate bonds pay out a pre-determined amount of interest each year, while floating-rate bonds can pay higher or lower interest each year depending on prevailing market interest rates. are and how you can take advantage of their historically high rates. She mentions when you can and should cash out, how you can double-dip around the New Year, and the options available to you in the 30 years before your I Bonds mature. If you have questions for Diana or the Adviser team, please send them to email@example.com.