G-Money wrote:ObliviousInvestor wrote:In other words, I don't understand how the currently stated yield is possible or why it would have moved so significantly upward. Anybody have an idea what's going on here? Am I missing some obvious explanation?
I emailed Vanguard. I'll post the response here.
The "primary insurance amount" (PIA) is the benefit (before rounding down to next lower whole dollar) a person would receive if he/she elects to begin receiving retirement benefits at his/her normal retirement age.
Sidney wrote:When I go to the store, the clerk never asks me "is this income or principal?"
nisiprius wrote:Certainly, I find it difficult to see any way in which ten-year TIPS are better than series I savings bonds, for example.