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- Oct 13, 2010
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I didn't see a big reason to close it, so didn't.For those of you who are getting rid of all your ibonds - are you still keeping the TD account itself open? Or closing out the account as well?
I didn't see a big reason to close it, so didn't.For those of you who are getting rid of all your ibonds - are you still keeping the TD account itself open? Or closing out the account as well?
I won't do the tax refund purchase method again. Dealing with all of those small denomination bonds (didn't they come in individual mail envelopes?), mailing them in, waiting to see if they showed up in my account, and they redeeming them one at a time was more work than it was worth. Though the TD site was lighting quick for redemption for me.
If another opportunity like we just had for purchasing comes again, I'll consider $10K purchases.
I guess we got lucky. We got one $5000 bond.
what are you guys selling your 0%-fixed iBonds putting the money in instead?
Nothing to do with luck - if your are eligible for $5000 refund and requested it all in the form of i-bond, then you will always get one $5000 bond.
I suppose that if you have an odd amount of refund and request all of it in iBonds, then they will piece together whatever they can to come as close as possible. But you do have the option to indicate on the tax return how much you want in the form of iBonds and how much as a check or direct deposit., So, if you have $2034 in refund, you can ask for $2000 in iBonds and for the rest get a check. Then you will get a $2000 bond, or if that doesn't exist, 2x $1000 bonds.
I had a $5000 refund. I'm certain of that. I figured they did it this way so you could redeem any value in a multiple of $25.
what are you guys selling your 0%-fixed iBonds putting the money in instead?
what are you guys selling your 0%-fixed iBonds putting the money in instead?
The only thing is I doubt we see the 1.3% fixed rate again for a long time.
The last time the fixed rate was 1% or higher was early 2008.
I’m buying our annual allotment later this month.
what are you guys selling your 0%-fixed iBonds putting the money in instead?
The TIPS fixed is getting hard to ignore compared to IBonds. A 10/27 TIPS I bought this week had a fixed of over 2.2%. Well above the IBond fixed.
Depending on want you use iBonds for, it's apple and oranges. iBonds are guaranteed to return XX after the first year (and YY after the 5th year) but can be liquidated at any time after the first year and you get exactly what it says on the can.
TIPS are guaranteed to return ZZ 5/10/25 years from the purchase date. You can sell them any day between now and then, but you may make or lose money, the only guarantee is if you hold them to maturity in 5, 10, 25 years.
so TIPS are great to fund, say your social security bridge in 10 years, and iBonds are great for your emergency fund you could need any day, once you work past the first year
for 2025 gifts, can you redeem and sell them now? or not until next January?
Seeing this thread just jolted me awake about our I-bonds. We have 6x$10k bonds from the dotcom era that will mature in another 6+ years, just about when I will have to start taking RMDs from my IRA and start taking SS payments. I'm thinking that we should probably redeem the bonds over several years before they all mature at once in order to avoid having a lump of 30 years of interest to pay taxes on all in one year.
Saving and deferring taxes seemed like a wise thing to do for all those working years, but now that the taxes are coming due and we're still in a highish bracket, it seems less so. First world problem, I guess.
Could you give the bond to your alma mater without cashing it in...like you can give pre-tax gifts from your IRA?
I'll give you three guesses and the first two don't count.
I know, I felt stupid asking
I just got notified by Treasury Direct that my 2023 1099-INT is available online.
Will there be a hardcopy mailing as well? My wife passed away last year and Treasury Direct won't let me access her account.I just got notified by Treasury Direct that my 2023 1099-INT is available online.
No, they don’t mail hard copy. You will have to contact them about your wife passing and needing her 1099. Sorry for your loss.Will there be a hardcopy mailing as well? My wife passed away last year and Treasury Direct won't let me access her account.
Last 3 months of the year are often have negative CPI-U change, it almost always gets offset and more by first 3 months of the next year for the I-Bond calculation.
I do not see it being different this time.