Savings/investments/bonds Master Thread.

[Dan]

@Dan  How about a post on this?
https://www.doctorofcredit.com/gifting-us-treasury-bonds-to-circumvent-10000-limit-i-bonds/amp/

I just noticed this:

Which might be an interesting option, as I might be able to do that for a C Corp. that I own, without affecting my personal AGI.

TFB covers it all quite well, linked in the post:
https://www.dansdeals.com/points-travel/banking/last-chance-buy-2021-series-savings-bonds-earning-7-12-interest/

[CountValentine]

TFB covers it all quite well, linked in the post:
https://www.dansdeals.com/points-travel/banking/last-chance-buy-2021-series-savings-bonds-earning-7-12-interest/

Maybe add this link with a note about gifting?
https://thefinancebuff.com/buy-i-bonds-as-gift.html#htoc-purchase-limit

[CountValentine]

Has anyone had to fill out the Treasury Direct account authorization form to get an account opened? If so, how did you get the form certified?

[Joe4007]

Has anyone had to fill out the Treasury Direct account authorization form to get an account opened? If so, how did you get the form certified?

When do you need that?

[Iz]

Has anyone had to fill out the Treasury Direct account authorization form to get an account opened? If so, how did you get the form certified?

Yes, by the officer in the bank. Pain in the neck, but it works.

[ExGingi]

So if I have an LLC which is a holding company for investments, has its own EIN but is a disregarded entity because it is currently a single member LLC, I can easily just buy up to the limit in the LLC, in addition to the personal limit?

[CountValentine]

Yes, by the officer in the bank. Pain in the neck, but it works.

What type of stamp did they use. They can't use a medallion.

[CountValentine]

When do you need that?

When info doesn't match exactly when trying to open an account. Happened on my daughter that just moved.

[ExGingi]

What type of stamp did they use. They can't use a medallion.

Why not?

[CountValentine]

Why not?

Medallion is not a signature certification. Used for actual transactions.

[ExGingi]

Medallion is not a signature certification. Used for actual transactions.

Say what?

If I want to send a form for standing wire instructions to Fidelity, they ask me to get a medallion signature guarantee.

[CountValentine]

Say what?

If I want to send a form for standing wire instructions to Fidelity, they ask me to get a medallion signature guarantee.

I probably didn't say it right. There needs to be a transaction involved. There is no transaction involved when opening an account. I tried to pretend it was for an I-bond but Chase knew right away what I was trying to pull.

https://www.intsend.com/how-to-obtain-a-medallion-signature-guarantee#:~:text=In%20finance%2C%20a%20medallion%20signature%20is%20a%20special,genuine%20and%20that%20one%20is%20purchasing%20authorized%20shares.?msclkid=6b064ec7ac7311ec88b5bbeeba1f0c90

[Iz]

What type of stamp did they use. They can't use a medallion.

That's exactly what it was!

[CountValentine]

That's exactly what it was!

Chase shot me down.

[ExGingi]

Chase shot me down.

Are you a cat?

[ExGingi]

https://twitter.com/jsblokland/status/1508076230091882504

[ShimshonK]

Series I Bonds rate in May will be increasing to 9.62%!!
Still should be buying in April so that will get 6 months of the 7.12% rate AND 6 months of the 9.62% rate.

[whacked1]

Series I Bonds rate in May will be increasing to 9.62%!!
Still should be buying in April so that will get 6 months of the 7.12% rate AND 6 months of the 9.62% rate.

How will you get 6 months of a rate if you didnt own it? Dont you only get for that month?!

[ShimshonK]

How will you get 6 months of a rate if you didnt own it? Dont you only get for that month?!

The way it works is that you lock in the current rate for 6 months.
So, buying in April will lock in the 7.12% rate for April-September, and then you'll get the 9.62% rate from October-March, and so on and so forth.

[Joe4007]

Series I Bonds rate in May will be increasing to 9.62%!!
Still should be buying in April so that will get 6 months of the 7.12% rate AND 6 months of the 9.62% rate.

Will or may?

https://www.cnbc.com/2022/04/12/i-bonds-are-paying-7point12percent-rising-inflation-may-increase-yearly-rates-.html