# I-Bond Scheme - Will This Work?

**URL:** <https://community.clark.com/t/i-bond-scheme-will-this-work/1629>\
**Category:** Investing\
**Created:** [November 12, 2022, 4:15pm UTC](https://community.clark.com/t/i-bond-scheme-will-this-work/1629 "2022-11-12T16:15:51Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![H200h](https://avatars.discourse-cdn.com/v4/letter/h/e79b87/32.png) [@H200h](https://community.clark.com/u/H200h)\
**Post date:** [November 12, 2022, 4:15pm UTC](https://community.clark.com/t/i-bond-scheme-will-this-work/1629/1 "2022-11-12T16:15:51Z")

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Here’s my plan to get an extra $5K/yr in I-Bonds.

Assuming I have sufficient FIT withheld and/or prepaid:

In December take $5K from an IRA (I take RMDs) and withhold all of it (99%) for FIT.

Then take the extra $5K FIT refund in an I-Bond instead of cash.

Will it work, is it legal?

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**Author:** ![butler](https://avatars.discourse-cdn.com/v4/letter/b/ac91a4/32.png) [@butler](https://community.clark.com/u/butler)\
**Post date:** [November 12, 2022, 5:14pm UTC](https://community.clark.com/t/i-bond-scheme-will-this-work/1629/2 "2022-11-12T17:14:45Z")

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Cant you just open up a bunch of single member LLCs and buy $10k of I Bonds in each one of them?

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**Author:** ![H200h](https://avatars.discourse-cdn.com/v4/letter/h/e79b87/32.png) [@H200h](https://community.clark.com/u/H200h)\
**Post date:** [November 12, 2022, 8:50pm UTC](https://community.clark.com/t/i-bond-scheme-will-this-work/1629/3 "2022-11-12T20:50:50Z")

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> [@butler](#):
>
> Cant you just open up a bunch of single member LLCs and buy $10k of I Bonds in each one of them?

Nahh… For me, I don’t think it’s worth the trouble. But I did find out that a trust can buy them, maybe I’ll get two extra (in Dec/Jan) that way, plus the extra 5K in 2023 as an FIT refund. That’ll be $45K total.