Can these be held in an IRA? I would assume yes. Can existing IRA funds be used to purchase these without penalties?
Can these be held in an IRA? I would assume yes. Can existing IRA funds be used to purchase these without penalties?
I'm pretty sure it's a "NO" and a "NO" ... they're issued to individuals, tied to a SS number. Ownership other than individual can be an estate, in probate.
But ... my education is dated and I'm not a CPA. Suggest you contact someone with the proper credentials to clear it up. Treasury Notes are an option.
Thanks.
It sounds like people trying to buy today to beat the deadline May not get their orders filled in time to do so. Demand at treasury direct is off the charts. Glad I didn’t wait till the last minute to do my most recent buy.
Glad I bought mine in June as well....
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
Obviously I’m too late to get the current rate but this is new to me and I have what I believe is a simple question. Can I simply go to treasurydirect and create an account tied to my bank and buy within my annual limits? Then once I decide to cash them out transfer the money back out to my bank minus any penalties if it would be sooner than 5 years? Are balances and rates seen on your treasurydirect account once opening just like online banking?
Like I said, all new to me, thanks for the input
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Looks like the new rate will be 6.89% if you didn't buy before October 28.
Still not bad for my second 6 month window. I don't care what the next one will be, since I will be selling at the 16 month mark...
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
Can you convert EE bonds that mature into I bonds?
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Got locked out of my account because I can't find my account number. Only choice is to call and it says "call times longer than 1 hour" and it disconnects. Thankfully, I'm just trying to switch bank information, but it says if you're locked out you can do nothing...
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
They are now showing at 6.89%. Did they now in November drop to this amount. A3% loss in a week.
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If you have integrity, nothing else matters. If you don't have integrity,
nothing else matters.
Average 12 month rate is 8.25 if you got it at 9.62. If sold at 15 months and you keep the 12 months, damn nice rate for risk free money.....
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
So here is a question: The Ibonds don't pay you interest for the first 3 months because of the penalty if you cash it in before 5 years. But assuming you hold 5 years are they calculating the interest based on the 3 month period rate (which would be in the 9% range) or do they calculate after year 5 at the current rate? I would hope day 1 and that they compound it even though it is not payable until after the 5 year period.
If you have integrity, nothing else matters. If you don't have integrity,
nothing else matters.
They are not paying the first three months from when you purchase it though. You have to get beyond three months to start seeing the interest. So do they add back in the interest based on when it would have accrued or calculate the interest at the rate in effect after you hit the 5 year holding period?
If you have integrity, nothing else matters. If you don't have integrity,
nothing else matters.
So they pay it based on the interest in effect for the first 3 months and it just doesn't show up in your account until you hold it for 5 years?