Author Topic: Savings/investments/bonds Master Thread.  (Read 126947 times)

Offline Dan

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Re: Savings/investments/bonds Master Thread.
« Reply #80 on: March 24, 2022, 03:44:24 PM »
@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/

Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

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Re: Savings/investments/bonds Master Thread.
« Reply #82 on: March 24, 2022, 09:25:46 PM »
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?
Only on DDF does 24/6 mean 24/5/half/half

Offline Joe4007

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Re: Savings/investments/bonds Master Thread.
« Reply #83 on: March 25, 2022, 01:26:34 PM »
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?

Offline Iz

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Re: Savings/investments/bonds Master Thread.
« Reply #84 on: March 25, 2022, 01:34:28 PM »
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.

Offline ExGingi

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Re: Savings/investments/bonds Master Thread.
« Reply #85 on: March 25, 2022, 01:48:40 PM »
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?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

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Re: Savings/investments/bonds Master Thread.
« Reply #86 on: March 25, 2022, 03:00:10 PM »
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.
Only on DDF does 24/6 mean 24/5/half/half

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Re: Savings/investments/bonds Master Thread.
« Reply #87 on: March 25, 2022, 03:01:12 PM »
When do you need that?
When info doesn't match exactly when trying to open an account. Happened on my daughter that just moved.
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Offline ExGingi

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Re: Savings/investments/bonds Master Thread.
« Reply #88 on: March 25, 2022, 03:01:30 PM »
What type of stamp did they use. They can't use a medallion.

Why not?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

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Re: Savings/investments/bonds Master Thread.
« Reply #89 on: March 25, 2022, 03:02:28 PM »
Why not?
Medallion is not a signature certification. Used for actual transactions.
Only on DDF does 24/6 mean 24/5/half/half

Offline ExGingi

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Re: Savings/investments/bonds Master Thread.
« Reply #90 on: March 25, 2022, 03:31:37 PM »
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.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

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Re: Savings/investments/bonds Master Thread.
« Reply #91 on: March 25, 2022, 03:44:19 PM »
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
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Offline Iz

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Re: Savings/investments/bonds Master Thread.
« Reply #92 on: March 25, 2022, 03:54:00 PM »
What type of stamp did they use. They can't use a medallion.
That's exactly what it was!

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Re: Savings/investments/bonds Master Thread.
« Reply #93 on: March 25, 2022, 04:16:12 PM »
That's exactly what it was!
Chase shot me down.
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Offline ExGingi

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Re: Savings/investments/bonds Master Thread.
« Reply #94 on: March 25, 2022, 04:17:07 PM »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ExGingi

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I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ShimshonK

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Re: Savings/investments/bonds Master Thread.
« Reply #96 on: April 12, 2022, 12:06:52 PM »
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.

Offline whacked1

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Re: Savings/investments/bonds Master Thread.
« Reply #97 on: April 12, 2022, 12:55:27 PM »
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?!

Offline ShimshonK

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Re: Savings/investments/bonds Master Thread.
« Reply #98 on: April 12, 2022, 02:00:58 PM »
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.

Offline Joe4007

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Re: Savings/investments/bonds Master Thread.
« Reply #99 on: April 12, 2022, 04:55:37 PM »
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