I understand that I-bonds have annual limits, but what happens when I have I-bonds registered with my spouse? For example, when I login to TreasuryDirect, it shows like:
"Registration: John Smith WITH Jane Doe". We did register it together intentionally but annual limit never came across our mind when we did it. We currently only purchased $4,000 with both of our names registered. We're looking to max out for 2021.
I-bond limit and joint-registration
Re: I-bond limit and joint-registration
the limit is by SSN, or in the case of entity, the tax id number.
So you can buy $10K as John Smith with Jane Doe, and $10K as Jane Doe, with John Smith
If you have a trust you can buy $10K for that as well, even if it uses one of John or Jane's SSN as it's tax ID
And of course an additional $5K with your tax refund
Mike
So you can buy $10K as John Smith with Jane Doe, and $10K as Jane Doe, with John Smith
If you have a trust you can buy $10K for that as well, even if it uses one of John or Jane's SSN as it's tax ID
And of course an additional $5K with your tax refund
Mike
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Re: I-bond limit and joint-registration
Max is:workingovertime wrote: ↑Tue Nov 30, 2021 4:17 pm I understand that I-bonds have annual limits, but what happens when I have I-bonds registered with my spouse? For example, when I login to TreasuryDirect, it shows like:
"Registration: John Smith WITH Jane Doe". We did register it together intentionally but annual limit never came across our mind when we did it. We currently only purchased $4,000 with both of our names registered. We're looking to max out for 2021.
$10000 John Smith WITH Jane Doe
$10000 Jane Doe WITH John Smith
But you need to create two accounts to accomplish that.
25% VTI | 25% VXUS | 12.5% AVUV | 10% AVDV | 2.5% VWO | 25% BND/SCHR/SCHP
Re: I-bond limit and joint-registration
Today on CNBC Pat Toomey (Senate Finance Committee member) was asked about I-Bonds, and if he would be in favor of increasing the 10K limit. So apparently it is gaining traction from somewhere.
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Re: I-bond limit and joint-registration
I'm afraid that they might lower the limit or change the terms to be less favorable if I-bonds get too much attention... They've done it before.
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Re: I-bond limit and joint-registration
Yes, especially when they learn that I Bonds are currently paying between 7+% and 10+%, depending on the fixed rate.ivgrivchuck wrote: ↑Tue Nov 30, 2021 5:38 pmI'm afraid that they might lower the limit or change the terms to be less favorable if I-bonds get too much attention... They've done it before.
Best Regards - Mel |
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