retire@40
Thinks s/he gets paid by the post
- Joined
- Feb 16, 2004
- Messages
- 2,670
I'm not big on I Bonds for myself, but I thought I would buy one for my nephew for his birthday. I found out the only way to get him a paper I bond is by me filling out a paper application. If I were to get him one through Treasury Direct, I would have to hold it until he turned 18 since he is only 8 and can't open his own Treasury Direct account until he is 18. I don't mind buying him a bond, but I don't want to have to worry about holding it for him for 10 years (or more) and then having to worry (remember) about transfering it to him.
Does this make sense? There's no other online way to get him a paper I bond? And if he can own a paper I bond, why can't he have his own Treasury Direct account until age 18?
Does this make sense? There's no other online way to get him a paper I bond? And if he can own a paper I bond, why can't he have his own Treasury Direct account until age 18?