Gyroscopic Investing

If you have a trust, you’re allowed to buy another $10,000 each calendar year in a trust account. See Buy More I Bonds in a Revocable Living Trust.

If you have a business, the business can also buy $10,000 each calendar year. See Buy I Bonds for Your Business: Sole Proprietorship, LLC, S-Corp.

If you have kids under 18, you can also buy $10,000 each calendar year in each of your kids’ names. See Buy I Bonds in Your Kid’s Name.

If you’d like to buy I Bonds as gifts to others, see Buy I Bonds as a Gift.

A married couple each with a trust and a self-employment business can buy up to $65,000 each calendar year, and more if they file separate tax returns, buy in their kids’ names, or buy as gifts for family members.

$10,000 in Person A’s personal account with Person B as the second owner
$10,000 in Person B’s personal account with Person A as the second owner
$10,000 in an account for Person A’s trust
$10,000 in an account for Person B’s trust
$10,000 in an account for Person A’s business
$10,000 in an account for Person B’s business
$5,000 using money from their tax refund if they file jointly (or $5,000 each if they file separately after making sure they won’t lose other tax benefits)
$10,000 in the name of each of their kids under 18
$10,000 as a gift for each member of the extended family

Maddy wrote: ↑Fri Oct 07, 2022 9:03 am
Some other possibilities:


https://thefinancebuff.com/how-to-buy-i-bonds.html

Cortopassi wrote: ↑Fri Oct 21, 2022 10:00 am My wife and I just gifted ourselves 20k each. No brainer, since the money will at least make 9.62 for the next few months!

barrett wrote: ↑Sat Oct 22, 2022 6:33 am

Cortopassi wrote: ↑Fri Oct 21, 2022 10:00 am My wife and I just gifted ourselves 20k each. No brainer, since the money will at least make 9.62 for the next few months!

Technically that $40,000 doesn't make anything over the next few months because of the way the three-month "redeemed before five years" penalty comes off the beginning of the five-year period. So, on the Treasury Direct savings bond calculator, you won't see any interest showing up through 1/31/23. Then on 2/1/23 you will see $80 per $10,000 invested show up as your January interest. And by 7/1/23 you'll have gotten your 9.62% annualized yield paid out for six months before the new, lower 11/1/22 - 4/30/23 rate kicks in for six months. At least this is my understanding.

Still a better deal than you can get from any other safe, fixed-income investment for sure.

ppnewbie wrote: ↑Wed Oct 26, 2022 1:15 am Just gifted but stuck to a 10k per person. I may just turn around and convert the gift in January.

barrett wrote: ↑Wed Oct 26, 2022 5:42 am

ppnewbie wrote: ↑Wed Oct 26, 2022 1:15 am Just gifted but stuck to a 10k per person. I may just turn around and convert the gift in January.

That's the way I am leaning as well. It's been great to get some more 9.62% I-Bonds but I don't like that it adds a level of complexity that my wife is likely to struggle with if I pass. Trying to keep everything as simple as possible.