And don't forget the gift box feature at TreasuryDirect as well.You do realize that the $10,000 limit is nominal and not real and so has been shrinking in real terms over time. Ironic, since it's a real bond.
Also while the limit has always been nominal, the limit has not always been $10,000.
Double check me on this, but as best I can ascertain since the I-bond program began in the second half of 1998 the nominal limits have been the following.
1998-2007 $30,000
2008-2011 $5,000 electronic limit plus $5,000 paper limit
2012 to the present $10,000 electronic limit
Since beginning of 2012 you can get up to $5,000 of your income tax refund in paper I-bonds. You can purchase additional I-bonds using a revocable living trust. Also a business can buy up to $10,000 per calendar year in I-bonds.
The financialbuff has lots of good information on how to buy I-bonds.
Link - https://thefinancebuff.com/how-to-buy-i-bonds.html
BobK
PS - For a few years beginning in 1999 you could purchase I-bonds from the US Treasury using a credit card. So when the stock market crashed from 2000-2002 people were leveraging up their Ibond purchases using credit cards for the purchases. Image may be NSFW.
Clik here to view.
Cheers.
Statistics: Posted by dcabler — Tue Apr 16, 2024 5:03 am — Replies 11 — Views 1017
