Paper I-bond conversion

[shiny]

I recently read that the Treasury would be sending "invitations" to investors who have Treasury Direct Accounts to convert their paper bonds to bonds held in their Treasury Direct Accounts.

Has anyone done this? Has anyone received an invitation? Is it just a note in your Treasury Direct "inbox"? Has anyone requested an invitation?

I've been thinking of any possible downsides to converting the paper, but can't think of any. Thoughts on this?

 

[cute fuzzy bunny]

Only thing I can think of is there are limits on the amount of some bonds you can buy per year, but you can buy more if you buy both paper and electronic. I'd make sure by converting paper bonds I bought this year I wasnt limiting the number of bonds I could buy through treasury direct.

 

[work4beer]

The paper I-bonds are collectible?

Why give up these great portraits of Albert Einstein, Marian Andersen, MLK jr., George Marshall, etc?

http://www.publicdebt.treas.gov/sav/sbiwho.htm