NOTES: 1. For the education exemption on federal taxes, your modified adjusted gross income has to be under $97,350 if single, head of household, or qualifying widow(er); or $153,550 if married filing jointly. 2. To buy I Bonds with your tax refund, use IRS form 8888.
It's actually very easy. After you log in, click on the "ManageDirect" tab on top, then under "Manage My Linked Accounts" on the lower right, click on "Establish a Minor Linked Account". Let me know if you still have trouble.
This video was very helpful! I purchased my first bond ever. It was terrifying and I probably would not have been able to do it without your help. THANK YOU AND GOD BLESS YOU!
Ms. Pham, I'm writing to let you know, because of this insightful and very informative video, yesterday, I purchased my first I Bond. Thank you for sharing your priceless wisdom.
I bought many I bonds over 20 years ago , and they have almost doubled in value since then. I actually have the physical paper bonds that they used to issue. I’ve cashed a few in since then when I needed several thousand dollars for different things. Just took them to the bank, signed the back and got my cash. The good old days !
Thanks for sharing your experience. The fixed fee on the I bonds were higher back then, and the limit used to be $30k per person per calendar year. The good ol' days.
Same here. Bought I-bonds 17 and 19 years ago. back then they had a 1.1% and 1.0% guaranteed fixed rate for the entire 30- year(s). They still haven't doubled in value--but close. That tells you that INFLATION had been very very tame for the last 2 decades. With that thought, had INFLATION remained very very tame, it might have been better to have bought Series EE bonds. Since EE bonds are GUARANTEED to pay you DOUBLE after 20 years regardless of their stated rate of return (which is an average annual rate of return of over 3.52%). But with the highest rate of inflation in 40 years, FINALLY buying those I-Bonds has proved to be better than sticking with EE bonds. By the time my Series I-bonds hit the 20 year mark, they will have slightly more than doubled.
BTW, if you want you can CONVERT your paper bonds and have them held in your treasurydirect account. They will be kept in a separate "CONVERTED BONDS" section of your TD account. It was a good idea for me since I didn't want to lose/misplace the paper bonds i bought 19 years ago.
Thank you. I saw Larry Kudlow talking about I Bonds and I became interested. I found your video and it was very helpful. We have some money saved up and I was looking somewhere to park the money and earn a bit of interest while parked. I was going to put the money in a CD. But when I hear Kudlow talking 10% interest rates, I became very interested. So, we parked our money in I Bonds using your video Thank you so much. May good fortune follow you.
Thank you! I like this idea on what to do with your cash in savings. Invest 10k/yr for the first 5 years and in the 6th year you'll have the option to sell annually if needed. Like a CD ladder but much more return. I wish I knew about this earlier but glad I came across your video. Edit: Just bought my first iBond! Easy process thanks to you. Will be buying again in Jan.
@@mia-pham just one question. I can get $10K worth now, but I have 2 kids, can I do 10K for each of them but still control what happens to it? And then in Jan ! I can get 30K worth again? thanks
Yes! You can buy $10k each for you, your spouse, and each child, then buy another $10k for the each of you in January. From TreasuryDirect.gov: "A Minor account is a custodial account that is linked to your Primary account, which you can establish for a child under the age of 18 if you are a parent, natural guardian, or person providing chief support. You may purchase, redeem, receive gift deliveries, and perform other transactions within the account on behalf of the minor." www.treasurydirect.gov/indiv/help/tdhelp/help_ug_141-MDAccountEstabMinor.htm
Great instruction guide! Thanks! Question: Why do you need to add a New Registration? Can't you just use the account you registered when joining Treasury Direct?
@@mia-pham but in order to log on the first time you need to create an account name. when I clicked on Series I the account name automatically populates in the new registration field. Do I use the that name or do I need to create a separate name for each type of bond? Thanks for the response!
The only time you need/want to add a new registration is when you want to add beneficiaries. i.e. one registration would be sole, another would have your wife as beneficiary, another a son, another a daughter etc etc.....
@@wallace_n_gromit3180 Thanks! I haven't checked my account in 3 months. What happens when the year is over? Will I get an email notice asking if I want to roll it into another year? I assume it's best to add an additional 10K every year to create wealth.
@@SteveSavitz >What happens when the year is over?< Nothing, your account and I-Bonds will just go along year after year just depositing interest payments and compounding for 30 years. >Will I get an email notice asking if I want to roll it into another year?< No, it's all automatically done. It is a 30-year US Treasury bond after all. >I assume it's best to add an additional 10K every year to create wealth.< No to that too. I've had I-bonds for 17 and 19 years. Not a good investment at all (during low inflation periods). BUT WITH HIGH INFLATION it's a VERY VERY good thing to be holding/buying. I Haven't bought I-bonds in 17 years and have had my TreasuryDirect account for 19 years. This year with HIGH INFLATION, bought together with my wife already this year ALONE an additional $40,000 and plan on buying $20,000 more -- $60,000 total this year. USING the GIFT BOX feature of our TreasuryDirect account(s) we as a couple can buy ENORMOUS amounts of I-bonds RIGHT NOW, THIS YEAR. (There are certain limitations on the amount of GIFTs that can be delivered out of your GIFT BOX per year to a recipient -- I'm referring to the $10,000 limit per calendar year per SSN/EIN) www.treasurydirect.gov/indiv/help/TDHelp/howdoi.htm (How do I...) www.treasurydirect.gov/indiv/help/TDHelp/howdoi.htm#buygift (buy gift)
I watched your excellent video last fall then registered and bought my first I Bond. Now that it is April, I plan to buy another I Bond and I know I can skip the first part (registering) since I already have an account number. However, I noticed in one of the comments that the person was purchasing a second I bond and put clicked "Sole Owner" and filled in the relevant information, and everything came out in duplicate. Do we do something differently when purchasing the second I Bond? Is everything auto-populated from before, and do we just use that? Or is it all supposed to appear twice, like it did for him? And thanks for being so thoughtful in how you present the information in such a clear, detailed manner!
Many thanks for your informative video! I do have a question. If I opened an account under my name, but I want the Ibond in my living trust, do I have to open another account under the trust?
Mia, please explain how you register a joint account online. i.e. Husband and wife with adult son as beneficiary. Also please explain how to cash a bond electronically, when the time comes - i.e. does the monet just automatically come to the bank account listed?
Nice, thanks! I came on your page for the first time. Is this the right time to buy I Bonds? I never invested so this would be the first time I will be investing.
Hi, the part where you explain about adding a new registration, my name has already appear there, but I did it the way you did it on the video and I click add new registration anyway and enter the information like sole owner, my name and ss# and I've check off make this my preferred registration. Now my name appear twice in the drop box in the registration information. Is there anyway to delete one of them?
Thank you. Word to the wise, other RUclipsrs are saying that the interest shows up on the 1st of the month so need to be careful with what you read out there.
Hi Mia This is exciting and smart move, I had my saving sitting in the bank not smart, even they sent me notification because sitting there without spending or adding. My question: 1. I'm Married but I would like to do this independently without my husband know. So should I choose SOLE OR PRIMARY? 2. Do I have to have Bank? Why not we just buy it from Treasury?
1. Yes, you would choose Sole or Primary. 2. You need a bank for the Treasury to withdraw funds from when you buy the I bond. They don’t accept credit cards.
This is your account. Your husband will know nothing of this account. Where the money to fund the I-bond purchases came from though is another matter. If he knows about the bank account(s) the money is coming from he will know about the withdrawal by TreasuryDirect. For many years, I have had I-bonds and that was before I was married, so they were registered as sole. Only recently have I come to realize that if something happened to me that the I-bonds would likely go to probate and without a will the situation could become costly and time-consuming (EVEN WITH A WILL). I changed the registration to add my wife as beneficiary (POD). It would save your loved one(s) a big legal hassle if you name a beneficiary on your bonds in case of your passing (AND LET THEM KNOW IT EXISTS so they can claim it)
Hi Mia, Thanks for the video very very helpful. Would you mind sharing how you calculated the APY? Do you have an east way to calculate the monthly interest?
The APY was calculated using 3.54% for the first 6 months and 7.12% for the second six months. Basically, you 1) divide 3.54% by 2 since it's only for half of the year 2) divide 7.12% by 2 for the second half of the year 3) add those two numbers together to get the rough APY (since interest for the second six month will accrue on top of the first six month, you will earn a little more, but if you subtract the three month penalty, then that will take away some of the interest earned). This assumes that you bought before October 2021. If you bought in November 2021, you won't know what the rate for the second six month period will be so you can't get the APY for the full year. Assuming you bought $10,000 in November and started your first six month at 7.12%, then the interest earned for the first 6 months will come out to $59.33 a month. That's ($10,000 x 7.12%)/12 months = $59.33 a month.
Anyone knows how taxes work for iBond? The website says you can report annually or defer it until it matured? So how do you do that? Is there an option in the account to choose between annual tax versus deferred tax? Thanks
HI, very informative video. I'm thinking about buying a 2-year treasury notes. Does it ever loose its face value? You think it's a good idea to buy it during inflation?
Thank you for the great video! It was very helpful! On the treasury website, can you make multiple single orders separately (ets buy bonds as you save until 10,000)?
Hi Mia, thank you for the info. I made the mistake of using my bank account on behalf of my son, so the application was rejected. In the form that I need to submit manually, it doesn't have a place where I can change the account #. Is that correct?
Treasury Direct does not allow you to buy Treasuries through your IRA. Too bad since the rates now are pretty good. Any other options to get those rates 3-4% for an IRA with Treasuries or a AAA CD somewhere that you can but in your IRA? Thank you.
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Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated.
@@alyciagordon3447 Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Alexandra Diana Jose) a consultant who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I'd advise you do get a good investment advisor for yourself.
@@alyciagordon3447 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.
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Thanks for the video, I've got my own bond just now, but trying to add my wife for the second purchase of i-bond, , should I add her as Sole owner, beneficiary or Primary owner?
You will need to create a new, separate account for her. Then she can buy it as either Sole owner if she wants just her name on the account, or Primary if she wants a joint account (she would be the Primary and she can list you or another person in the Secondary/Beneficiary field).
It depends on your age, asset allocation, and timeline. Bonds tend to appeal to older people since they are more risk-averse. And if you need the money in 1 to 5 years, it's a safer bet than stocks. Most people buy the limit of $10k.
Outstanding video! I want to buy an I bond for my minor child, but I can only figure out how to buy the bond via my account - I had to link my child's account to my account. How do I buy a bond for my minor child on Treasury Direct for their account? Thank you!!!
Which calendar year does buying bonds thru taxes qualify for? 2021 or 2022? And how would I go about prepaying enough tax to buy them when I file? I usually try to break even so this step is new to me.
It is based on calendar year so if you are due a refund in 2022 for your 2021 taxes, the $5,000 would be the limit (for bonds purchased through a tax refund) in calendar year 2022. You can re-submit your W-4 to your employer at any time to overpay your taxes for the year. My employer allows me to do it online, so that makes it easier. On the W-4, in Block 4 (c), you can increase the amount of tax withheld per pay period. Since there aren't that many pay periods left this year, you would have to withhold a larger amount if you want to max out the amount for the calendar year, but remember to change it (your W-4 additional withholding) back at the beginning of 2022 so you don't accidentally overpay too much for 2022. Another option is to make the overpayment directly to the IRS. This website has screenshots on how to do that: thefinancebuff.com/overpay-taxes-buy-i-bonds-better-than-tips.html
Mia, great video. Question about the penalty. If you hold the treasury bond for 12 or more months, will you still get the 3 month penalty? Confused at the part where if you hold for 5 or more years you don't get penalized. Is it accurate to say that if you want a full 12 months of interest, you need to hold for 15 months because you get hit with 3 months penalty?
The devil is in the details though. When you are allowed to redeem your I-bonds, do so at the beginning of a given month. During a redemption month you get ZERO interest for that month regardless if it's the 1st or the 31st. If redeemed on the 31st, the effect is to lose that redemption month's interest IN ADDITION TO the Famous 3-month interest penalty for the prior 3 months. In effect a 4 month interest lost! By redeeming early in a month you are MAXIMIZING the rate of return for that time you are holding the I-bond.
Very informative video . I just have 1 question if I want to put 5k in I bonds is it going to cost me more ? Do they charge you for opening and purchasing a ibond?
They do not. You can buy as many times as you want in a year and even set up recurring purchases, as long as the total purchased does not exceed $10k for the calendar year.
Where exactly in the treasury direct web site can we view how much interest our series i bond is making ?? I can’t find it anywhere. All I can find is initial investment. The bond was bought Jan 29. And thank you soo much for the detailed instructions. I was able to glide through the process with ease.
Once you are logged in, click on the “Current Holdings” tab at the top. You’ll see it at the bottom. Note that because of the three month "penalty" if you bought it in Jan, you won't see the interest reflected until May. If you hold it for 5 years, they'll remove the "penalty" and the full amount of the interest will be reflected.
Great detailed video. Question, I wasn't sure. To get the full interest, you have to buy on a certain day like May 28th, 2022 and sell 1 year later on May 28th, 2023, not a day earlier or you will lose 3 months of interest? Also to sign up as a discretionary trust for benefit of John Doe 8/28/2019(for example), would you sign up as that entity under sole owner and enter the name as the discretionary trust for benefit of John Doe 8/28/2019 instead of my name?
"To get the full interest, you have to buy on a certain day like May 28th, 2022 and sell 1 year later on May 28th, 2023, not a day earlier or you will lose 3 months of interest?" Not quite. BASICALLY it's ALWAYS better, in EVERY CIRCUMSTANCE, WITHOUT QUALIFICATION to ALWAYS buy I-Bonds NEAR THE END of any given month; then when the rules allow you to redeem to ALWAYS redeem at the BEGINNING of any given month to MAXIMIZE the rate of return of any given I-Bond. HERE'S WHY: (using your example of a May I-bond -- a.k.a. 05-01-2022 I-bond) You will not see a interest payment until the 1st day of MONTH 5 (September) which will be the May interest payment. That amount will stay the same throughout the ENTIRE month as you review you personal TD account. Then on the 1st day of MONTH 6 (October) you will see the combined May and June payment. That amount again will stay the same throughout the ENTIRE month. etc. etc. Fast forward to 05-01-2023: You will now see the combined interest payment(s) for the prior 9 months May/Jun/Jul/Aug/Sep/Oct/Nov/Dec/Jan This amount of interest payment(s) would not change throughout the entire month of May 2023 as you review you personal TD account. If you were to redeem your bond on 05-01-2023 you would get your principal+9 months interest. If you were to redeem your bond on 05-28-2023 (or for that matter as late as 05-31-2023) you would STILL get your principal+9 months interest--THE SAME EXACT AMOUNT. WHY didn't you get more interest? because in order to get paid interest for any month the bond must still be held into the 1st day of the NEXT month. That's why you get The ENTIRE May 2022 interest payment at the start of the I-bond (EVEN when you purchase it on May 28th, 2022) , you held it into the 1st day of the next month 06-01-2022 and so on so forth. Get it? So NEVER redeem an I-bond toward the end of any given month. It's nearly an additional month of NO INTEREST (on top of the prior 3 -month interest penalty if redeemed before 5 years) Why do they do it this way? Maybe it's just easier bookkeeping? ...only track 12 potential I-bonds a year rather than 365 (366 in leap years)
You can do it when you buy it or set it after you’ve bought it. Here are the instructions from TreasuryDirect.gov: “How do I add a secondary owner or beneficiary to my securities? Adding a secondary owner or beneficiary to securities registered in single ownership form is simple in TreasuryDirect. You can edit securities being held in Current Holdings; however, you cannot edit savings bonds held in your Gift Box. Securities in a Conversion Linked account (CLA) must first be transferred to a primary or another linked account in order to add a secondary owner. Your electronic savings bonds and marketable securities may be registered in your name alone, your name with a secondary owner, or your name with a beneficiary. Each registrant's taxpayer identification number must be shown. Note: Registrations in entity accounts may not name a secondary owner or beneficiary. All securities in an entity account carry a registration identical to the entity account name. Updates made to the registration of a bond will not change the issue date. To add a secondary owner or beneficiary to your securities registered in single ownership form: Log into your primary TreasuryDirect® account. Click the ManageDirect tab at the top of the page. Under the heading Manage My Securities click "Edit" a registration. On the Edit Security Registration page, choose the security type you want to edit and click "Select". On the Summary page, choose the security or securities you wish to edit and click "Select" (you may edit up to 50 securities to the same registration). On the Detail page, select the registration containing the secondary owner or beneficiary you desire from the drop-down box. (If you've never created the registration, you can do so by clicking "Add New Registration". Once you've created the new registration, the system will bring you back to the Detail page where you'll find the new registration listed in the drop-down box.) Note: Entity accounts may only have one registration. All securities in an entity account carry a registration identical to the entity account name. Once you've selected the desired registration, click "Submit" to complete the change in registration for the security.”
Hi Mia, Near the end of your video you talked about "strategy" on selling I bonds. Appears you have to be certain with the dates especially when selling to shorten the 3 months penalty if redeeming at 1 year. What dates specially do I need to understand for this? I purchased my I bonds thru TreasuryDirect with a purchase date of Feb 23, 2022 but the issue date is Feb. 1, 2022. Enjoy your videos. Thank you.
You can sell it Feb 1, 2023 and they will still count it as one full year even though you bought it Feb 23, 2022. If interest rates are still high, you can just hang onto it.
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
NOTES: 1. For the education exemption on federal taxes, your modified adjusted gross income has to be under $97,350 if single, head of household, or qualifying widow(er); or $153,550 if married filing jointly.
2. To buy I Bonds with your tax refund, use IRS form 8888.
Thanks for the video. How can an adult buy this bond for their minor kid using adult's treasurydirect account? Pls guide. Thx.
It's actually very easy. After you log in, click on the "ManageDirect" tab on top, then under "Manage My Linked Accounts" on the lower right, click on "Establish a Minor Linked Account". Let me know if you still have trouble.
@@mia-pham Thank you so much!
@@kushalbansal3725 I just uploaded a step-by-step video on how to buy I bonds for a minor. Here's the link: ruclips.net/video/-IX6HS67O1A/видео.html.
@@mia-pham Thank You!
This was super helpful and made doing this very easy. I had been putting this off for a few months. Thank you for the walk thru!
I used this video to buy I bonds and it was 100% accurate. She is easy to understand and very well organized.
Thank you for the feedback!
This video was very helpful! I purchased my first bond ever. It was terrifying and I probably would not have been able to do it without your help. THANK YOU AND GOD BLESS YOU!
Thank you, Mia. After watching the video I bought a $10,000 I Bond. I plan on getting another one in January.
I initially bought these in 2001, great year, owned for 21 years almost now, 9 more years to keep cashing in, great compound interest
Very useful and easy to follow. Thanks so much! You saved me hours of trying to figure out their very outdated website. Much appreciated!!
Ms. Pham, I'm writing to let you know, because of this insightful and very informative video, yesterday, I purchased my first I Bond.
Thank you for sharing your priceless wisdom.
I bought many I bonds over 20 years ago , and they have almost doubled in value since then. I actually have the physical paper bonds that they used to issue. I’ve cashed a few in since then when I needed several thousand dollars for different things. Just took them to the bank, signed the back and got my cash. The good old days !
Thanks for sharing your experience. The fixed fee on the I bonds were higher back then, and the limit used to be $30k per person per calendar year. The good ol' days.
I have some paper bonds also. I don’t trust buying online.
No monetary proof of purchase other than what a damm computer tells you !!!
No Thank You !
Same here. Bought I-bonds 17 and 19 years ago. back then they had a 1.1% and 1.0% guaranteed fixed rate for the entire 30- year(s). They still haven't doubled in value--but close. That tells you that INFLATION had been very very tame for the last 2 decades.
With that thought, had INFLATION remained very very tame, it might have been better to have bought Series EE bonds. Since EE bonds are GUARANTEED to pay you DOUBLE after 20 years regardless of their stated rate of return (which is an average annual rate of return of over 3.52%).
But with the highest rate of inflation in 40 years, FINALLY buying those I-Bonds has proved to be better than sticking with EE bonds. By the time my Series I-bonds hit the 20 year mark, they will have slightly more than doubled.
BTW, if you want you can CONVERT your paper bonds and have them held in your treasurydirect account. They will be kept in a separate "CONVERTED BONDS" section of your TD account. It was a good idea for me since I didn't want to lose/misplace the paper bonds i bought 19 years ago.
Thank you. I saw Larry Kudlow talking about I Bonds and I became interested. I found your video and it was very helpful. We have some money saved up and I was looking somewhere to park the money and earn a bit of interest while parked. I was going to put the money in a CD. But when I hear Kudlow talking 10% interest rates, I became very interested. So, we parked our money in I Bonds using your video Thank you so much. May good fortune follow you.
Thank you! I like this idea on what to do with your cash in savings. Invest 10k/yr for the first 5 years and in the 6th year you'll have the option to sell annually if needed. Like a CD ladder but much more return. I wish I knew about this earlier but glad I came across your video. Edit: Just bought my first iBond! Easy process thanks to you. Will be buying again in Jan.
I work as a fund manager and your video was helpful! Thanks
this was exactly what I was looking for.. simple ,easy step by step.. thank you..
You're welcome.
@@mia-pham just one question. I can get $10K worth now, but I have 2 kids, can I do 10K for each of them but still control what happens to it? And then in Jan ! I can get 30K worth again? thanks
Yes! You can buy $10k each for you, your spouse, and each child, then buy another $10k for the each of you in January. From TreasuryDirect.gov: "A Minor account is a custodial account that is linked to your Primary account, which you can establish for a child under the age of 18 if you are a parent, natural guardian, or person providing chief support. You may purchase, redeem, receive gift deliveries, and perform other transactions within the account on behalf of the minor." www.treasurydirect.gov/indiv/help/tdhelp/help_ug_141-MDAccountEstabMinor.htm
Thank you for doing this. Following along made this 10x faster and so much less frustration.
Thank you Mia. You explained the process in a way that I could understand. Please continue making financial videos.
Great instruction guide! Thanks! Question: Why do you need to add a New Registration? Can't you just use the account you registered when joining Treasury Direct?
Yes. This video assumes that the person is creating an account and buying Treasury bonds for the first time.
@@mia-pham but in order to log on the first time you need to create an account name. when I clicked on Series I the account name automatically populates in the new registration field. Do I use the that name or do I need to create a separate name for each type of bond? Thanks for the response!
The only time you need/want to add a new registration is when you want to add beneficiaries. i.e. one registration would be sole, another would have your wife as beneficiary, another a son, another a daughter etc etc.....
@@wallace_n_gromit3180 Thanks! I haven't checked my account in 3 months. What happens when the year is over? Will I get an email notice asking if I want to roll it into another year? I assume it's best to add an additional 10K every year to create wealth.
@@SteveSavitz >What happens when the year is over?< Nothing, your account and I-Bonds will just go along year after year just depositing interest payments and compounding for 30 years.
>Will I get an email notice asking if I want to roll it into another year?< No, it's all automatically done. It is a 30-year US Treasury bond after all.
>I assume it's best to add an additional 10K every year to create wealth.< No to that too. I've had I-bonds for 17 and 19 years. Not a good investment at all (during low inflation periods).
BUT WITH HIGH INFLATION it's a VERY VERY good thing to be holding/buying. I Haven't bought I-bonds in 17 years and have had my TreasuryDirect account for 19 years.
This year with HIGH INFLATION, bought together with my wife already this year ALONE an additional $40,000 and plan on buying $20,000 more -- $60,000 total this year.
USING the GIFT BOX feature of our TreasuryDirect account(s) we as a couple can buy ENORMOUS amounts of I-bonds RIGHT NOW, THIS YEAR. (There are certain limitations on the amount of GIFTs that can be delivered out of your GIFT BOX per year to a recipient -- I'm referring to the $10,000 limit per calendar year per SSN/EIN)
www.treasurydirect.gov/indiv/help/TDHelp/howdoi.htm (How do I...)
www.treasurydirect.gov/indiv/help/TDHelp/howdoi.htm#buygift (buy gift)
Great and very informative Mia!
Can I add my young grandson as beneficiary age 11 years old?
Yes, you can add him as a beneficiary.
@@mia-pham yay! Thank you
Subscribed and excited to see more of your videos. Love your van tour too.
Straight to the point and has zero white noise. Thank you!
Thanks Mia! Just ordered my first I-bond . SUBSCRIBED!!!!
I watched your excellent video last fall then registered and bought my first I Bond. Now that it is April, I plan to buy another I Bond and I know I can skip the first part (registering) since I already have an account number. However, I noticed in one of the comments that the person was purchasing a second I bond and put clicked "Sole Owner" and filled in the relevant information, and everything came out in duplicate. Do we do something differently when purchasing the second I Bond? Is everything auto-populated from before, and do we just use that? Or is it all supposed to appear twice, like it did for him? And thanks for being so thoughtful in how you present the information in such a clear, detailed manner!
Was looking for a video like this. Thanks .
Very useful video. Thank you for educating me.
Excellent. Concise. Lucid . Thanks.
I just bought my first ibond on Monday and the process was an ease. Thank you for the thorough video. When is your next video
Thanks! I hope to post a new video next week.
Excellent video and very helpful information. I was looking into bonds earlier and did not fully understand. Your info is very concise. Thank you.
Thank you!
Thank you for your help! The walkthrough was exactly what I was looking for!
You're welcome!
Thank you ! I did it by follow your instruction . I was delay for couple months not sure what to do thank you again.😀😀😀😀😀😀
I just discovered your channel today, you have very informational and educational videos, I really enjoy enjoy them. Thank you for the content.
Thank you so much for the feedback! I really appreciate it.
A nice clear and informative presentation - thank you.
Many thanks for your informative video! I do have a question. If I opened an account under my name, but I want the Ibond in my living trust, do I have to open another account under the trust?
You can buy $10k in I bonds under your living trust.
@@mia-pham So I have to open two account? One account under my name and one account under the name of my living trust?
@@joelcordeiro2079 Yes. For the one under your name, you cannot list your living trust as a beneficiary or secondary owner, unfortunately.
@@mia-pham Mia, Thank you very much!
Great help.Typical government beuqacratic process. I opened my account.THANKS.
It is like you are staring into my soul. Thanks for the video!
Lol. You're welcome!
Thank you! Explained it well and I like the step-by-step.
You did a great job with this video. Thank you!
Thanks for the step by step setup. It was very helpful
Mia, please explain how you register a joint account online. i.e. Husband and wife with adult son as beneficiary. Also please explain how to cash a bond electronically, when the time comes - i.e. does the monet just automatically come to the bank account listed?
Thanks! Followed your vid and got it done, subbed on your channel.
Thanks! I replied to your Instagram message.
You are awesome! This tutorial was so helpful!
Mia.. Wonderful video.. Thank you so much..
Great video! So glad I found your channel!
Nice, thanks! I came on your page for the first time. Is this the right time to buy I Bonds? I never invested so this would be the first time I will be investing.
Yes. It’s paying 9.62% for the next six months right now.
@@mia-pham Thanks! I will open an account today.
OMG! I just bought it and today was my FIRST investment. I can't believe that I did it. Thanks
Great video!
Thank you for sharing.
Loved your video. Easy to understand and straightforward. You have gained a subscriber :-)
Thank you!
Very Helpful - thanks.
Can u make a video on how to sell the bonds once it matured please! Thank you!
Love this video ! so many questions answered and things I never thought of.
great step by step instructions. Thank you
super informative- thanks!
Thank you Mia for a well guided set up!
Hi, the part where you explain about adding a new registration, my name has already appear there, but I did it the way you did it on the video and I click add new registration anyway and enter the information like sole owner, my name and ss# and I've check off make this my preferred registration. Now my name appear twice in the drop box in the registration information. Is there anyway to delete one of them?
Thanks for the tutorial! Those outdated Federal sites sure are hard to navigate!! lol
Great job. Clear and thorough instructions.
Wonderfully thorough narration. Great work, and thank you!
You're welcome!
I’m super late here but this was very helpful. New subscriber here 😀
Such a good video. Ty and subscribed
Thank you. Word to the wise, other RUclipsrs are saying that the interest shows up on the 1st of the month so need to be careful with what you read out there.
You did a wonderful job on this video.
Hi Mia This is exciting and smart move, I had my saving sitting in the bank not smart, even they sent me notification because sitting there without spending or adding.
My question:
1. I'm Married but I would like to do this independently without my husband know. So should I choose SOLE OR PRIMARY?
2. Do I have to have Bank? Why not we just buy it from Treasury?
1. Yes, you would choose Sole or Primary.
2. You need a bank for the Treasury to withdraw funds from when you buy the I bond. They don’t accept credit cards.
This is your account. Your husband will know nothing of this account. Where the money to fund the I-bond purchases came from though is another matter. If he knows about the bank account(s) the money is coming from he will know about the withdrawal by TreasuryDirect.
For many years, I have had I-bonds and that was before I was married, so they were registered as sole. Only recently have I come to realize that if something happened to me that the I-bonds would likely go to probate and without a will the situation could become costly and time-consuming (EVEN WITH A WILL).
I changed the registration to add my wife as beneficiary (POD). It would save your loved one(s) a big legal hassle if you name a beneficiary on your bonds in case of your passing (AND LET THEM KNOW IT EXISTS so they can claim it)
Great video, Mia, very detailed and excellent information. Thanks.
My pleasure!
Excellent video!!
God bless and thanks for the great advice 🇺🇸🙏🇺🇸
Thank you for this video. Exactly what I was looking for. Easy step by step instructions.
Hi Mia,
Thanks for the video very very helpful. Would you mind sharing how you calculated the APY?
Do you have an east way to calculate the monthly interest?
The APY was calculated using 3.54% for the first 6 months and 7.12% for the second six months. Basically, you 1) divide 3.54% by 2 since it's only for half of the year 2) divide 7.12% by 2 for the second half of the year 3) add those two numbers together to get the rough APY (since interest for the second six month will accrue on top of the first six month, you will earn a little more, but if you subtract the three month penalty, then that will take away some of the interest earned). This assumes that you bought before October 2021. If you bought in November 2021, you won't know what the rate for the second six month period will be so you can't get the APY for the full year. Assuming you bought $10,000 in November and started your first six month at 7.12%, then the interest earned for the first 6 months will come out to $59.33 a month. That's ($10,000 x 7.12%)/12 months = $59.33 a month.
Love your video. A question: how to buy with my kids’ quota? Should I create a new account with their SSN?
I have a video on how to buy I bonds for kids here: How to Buy I Bonds for a Child (Step-by-Step Tutorial)
ruclips.net/video/-IX6HS67O1A/видео.html
Excellent presentation!
Anyone knows how taxes work for iBond? The website says you can report annually or defer it until it matured?
So how do you do that? Is there an option in the account to choose between annual tax versus deferred tax? Thanks
HI, very informative video. I'm thinking about buying a 2-year treasury notes. Does it ever loose its face value? You think it's a good idea to buy it during inflation?
Thank you for the great video! It was very helpful! On the treasury website, can you make multiple single orders separately (ets buy bonds as you save until 10,000)?
Yes, you can make multiple separate purchases as long as the cumulative total for the year does not exceed $10k.
@@mia-pham Thank you :)!
Hi Mia, thank you for the info. I made the mistake of using my bank account on behalf of my son, so the application was rejected. In the form that I need to submit manually, it doesn't have a place where I can change the account #. Is that correct?
Perfect if you are parking cash until the market cools down... :)
Thank you for this. Easy to follow.
How do i can check on my beneficiaries since i cannot remember what i have or not?
Treasury Direct does not allow you to buy Treasuries through your IRA. Too bad since the rates now are pretty good. Any other options to get those rates 3-4% for an IRA with Treasuries or a AAA CD somewhere that you can but in your IRA? Thank you.
You're amazing!!! Thank you so much!!!
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Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated.
@@alyciagordon3447 Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Alexandra Diana Jose) a consultant who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I'd advise you do get a good investment advisor for yourself.
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Impressive. Would you mind sharing some more details. I’d like to have a talk with her.
@@alyciagordon3447 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.
Tnx for this info, I just looked up your investment professional and found her page. Her experience is pretty impressive. I wrote her and I'm waiting on her reply.
Thanks for the video, I've got my own bond just now, but trying to add my wife for the second purchase of i-bond, , should I add her as Sole owner, beneficiary or Primary owner?
You will need to create a new, separate account for her. Then she can buy it as either Sole owner if she wants just her name on the account, or Primary if she wants a joint account (she would be the Primary and she can list you or another person in the Secondary/Beneficiary field).
great video, can you do one on how to redeem your bond?
Great job...what amounts would you recommend for a newbie when buying bond's
It depends on your age, asset allocation, and timeline. Bonds tend to appeal to older people since they are more risk-averse. And if you need the money in 1 to 5 years, it's a safer bet than stocks. Most people buy the limit of $10k.
Outstanding video! I want to buy an I bond for my minor child, but I can only figure out how to buy the bond via my account - I had to link my child's account to my account. How do I buy a bond for my minor child on Treasury Direct for their account? Thank you!!!
Thank you! Here's my step-by-step video on how to buy I Bonds for a minor: ruclips.net/video/-IX6HS67O1A/видео.html
Which calendar year does buying bonds thru taxes qualify for? 2021 or 2022? And how would I go about prepaying enough tax to buy them when I file? I usually try to break even so this step is new to me.
It is based on calendar year so if you are due a refund in 2022 for your 2021 taxes, the $5,000 would be the limit (for bonds purchased through a tax refund) in calendar year 2022. You can re-submit your W-4 to your employer at any time to overpay your taxes for the year. My employer allows me to do it online, so that makes it easier. On the W-4, in Block 4 (c), you can increase the amount of tax withheld per pay period. Since there aren't that many pay periods left this year, you would have to withhold a larger amount if you want to max out the amount for the calendar year, but remember to change it (your W-4 additional withholding) back at the beginning of 2022 so you don't accidentally overpay too much for 2022. Another option is to make the overpayment directly to the IRS. This website has screenshots on how to do that: thefinancebuff.com/overpay-taxes-buy-i-bonds-better-than-tips.html
is it very easy to sell the electronic i bond back to the gov? Theres no liquidity issues or waiting period beyond the one year right?
Yes, it's just a matter of redeeming the bond. Very straightforward.
Hi, Nice video.. for example 5000 for 1 year if I buy Ibond how much I will get.. 350$ ? Tax it will shown? When next purchase is available
Mia, great video. Question about the penalty. If you hold the treasury bond for 12 or more months, will you still get the 3 month penalty? Confused at the part where if you hold for 5 or more years you don't get penalized. Is it accurate to say that if you want a full 12 months of interest, you need to hold for 15 months because you get hit with 3 months penalty?
Yes, that’s correct.
The devil is in the details though. When you are allowed to redeem your I-bonds, do so at the beginning of a given month. During a redemption month you get ZERO interest for that month regardless if it's the 1st or the 31st. If redeemed on the 31st, the effect is to lose that redemption month's interest IN ADDITION TO the Famous 3-month interest penalty for the prior 3 months. In effect a 4 month interest lost!
By redeeming early in a month you are MAXIMIZING the rate of return for that time you are holding the I-bond.
Very informative video . I just have 1 question if I want to put 5k in I bonds is it going to cost me more ? Do they charge you for opening and purchasing a ibond?
They do not. You can buy as many times as you want in a year and even set up recurring purchases, as long as the total purchased does not exceed $10k for the calendar year.
Wow Thank you..I'm a older adult but a nice investment for my son..
Can people on social security disability buy I bonds? I'm not being taxed on SSDI as of age 64. Thank you
Yes, you can, but it may affect your income limit to receive SSDI. I’d recommend contacting the Social Security Administration to confirm.
Where exactly in the treasury direct web site can we view how much interest our series i bond is making ?? I can’t find it anywhere. All I can find is initial investment. The bond was bought Jan 29. And thank you soo much for the detailed instructions. I was able to glide through the process with ease.
Once you are logged in, click on the “Current Holdings” tab at the top. You’ll see it at the bottom. Note that because of the three month "penalty" if you bought it in Jan, you won't see the interest reflected until May. If you hold it for 5 years, they'll remove the "penalty" and the full amount of the interest will be reflected.
Thank you soooo much for your answer - I can stop being crazed about trying to locate info ;o)
That was really helpful! Thank you so much.
Thank you so much for setting up this video .
Thank you. Very helpful.
If I deposit yearly max of 10k for 2021 in dec, can I deposit another 10k in January for the year 2022 ?
Yes. The $10,000 calendar limit resets on January 1st.
Thank you so much for these instructions and information. Very well presented.
Great video thank you. Can you purchase the 10k for me and my wife at the same time? Same account? Or do I have to do it separately?
Great detailed video. Question, I wasn't sure. To get the full interest, you have to buy on a certain day like May 28th, 2022 and sell 1 year later on May 28th, 2023, not a day earlier or you will lose 3 months of interest? Also to sign up as a discretionary trust for benefit of John Doe 8/28/2019(for example), would you sign up as that entity under sole owner and enter the name as the discretionary trust for benefit of John Doe 8/28/2019 instead of my name?
"To get the full interest, you have to buy on a certain day like May 28th, 2022 and sell 1 year later on May 28th, 2023, not a day earlier or you will lose 3 months of interest?"
Not quite. BASICALLY it's ALWAYS better, in EVERY CIRCUMSTANCE, WITHOUT QUALIFICATION to ALWAYS buy I-Bonds NEAR THE END of any given month; then when the rules allow you to redeem to ALWAYS redeem at the BEGINNING of any given month to MAXIMIZE the rate of return of any given I-Bond.
HERE'S WHY: (using your example of a May I-bond -- a.k.a. 05-01-2022 I-bond)
You will not see a interest payment until the 1st day of MONTH 5 (September) which will be the May interest payment. That amount will stay the same throughout the ENTIRE month as you review you personal TD account. Then on the 1st day of MONTH 6 (October) you will see the combined May and June payment. That amount again will stay the same throughout the ENTIRE month. etc. etc.
Fast forward to 05-01-2023:
You will now see the combined interest payment(s) for the prior 9 months May/Jun/Jul/Aug/Sep/Oct/Nov/Dec/Jan This amount of interest payment(s) would not change throughout the entire month of May 2023 as you review you personal TD account.
If you were to redeem your bond on 05-01-2023 you would get your principal+9 months interest. If you were to redeem your bond on 05-28-2023 (or for that matter as late as 05-31-2023) you would STILL get your principal+9 months interest--THE SAME EXACT AMOUNT.
WHY didn't you get more interest? because in order to get paid interest for any month the bond must still be held into the 1st day of the NEXT month.
That's why you get The ENTIRE May 2022 interest payment at the start of the I-bond (EVEN when you purchase it on May 28th, 2022) , you held it into the 1st day of the next month 06-01-2022 and so on so forth.
Get it?
So NEVER redeem an I-bond toward the end of any given month. It's nearly an additional month of NO INTEREST (on top of the prior 3 -month interest penalty if redeemed before 5 years)
Why do they do it this way? Maybe it's just easier bookkeeping? ...only track 12 potential I-bonds a year rather than 365 (366 in leap years)
What’s the difference between registering as a sole vs primary owner?
Sole is one person on the account. Primary is a joint account where you are the primary account holder.
Thanks for this, much appreciated!
How do you set a beneficiary when purchasing your ibond? Or do you set this after you purchase?
You can do it when you buy it or set it after you’ve bought it. Here are the instructions from TreasuryDirect.gov:
“How do I add a secondary owner or beneficiary to my securities?
Adding a secondary owner or beneficiary to securities registered in single ownership form is simple in TreasuryDirect. You can edit securities being held in Current Holdings; however, you cannot edit savings bonds held in your Gift Box. Securities in a Conversion Linked account (CLA) must first be transferred to a primary or another linked account in order to add a secondary owner.
Your electronic savings bonds and marketable securities may be registered in your name alone, your name with a secondary owner, or your name with a beneficiary. Each registrant's taxpayer identification number must be shown. Note: Registrations in entity accounts may not name a secondary owner or beneficiary. All securities in an entity account carry a registration identical to the entity account name. Updates made to the registration of a bond will not change the issue date.
To add a secondary owner or beneficiary to your securities registered in single ownership form:
Log into your primary TreasuryDirect® account.
Click the ManageDirect tab at the top of the page.
Under the heading Manage My Securities click "Edit" a registration.
On the Edit Security Registration page, choose the security type you want to edit and click "Select".
On the Summary page, choose the security or securities you wish to edit and click "Select" (you may edit up to 50 securities to the same registration).
On the Detail page, select the registration containing the secondary owner or beneficiary you desire from the drop-down box. (If you've never created the registration, you can do so by clicking "Add New Registration". Once you've created the new registration, the system will bring you back to the Detail page where you'll find the new registration listed in the drop-down box.) Note: Entity accounts may only have one registration. All securities in an entity account carry a registration identical to the entity account name.
Once you've selected the desired registration, click "Submit" to complete the change in registration for the security.”
Hi. Do you have a video on how to give and receive IBond gifts?
8:32 How to buy the iBonds once you've set up an account and are logged in
Thank you Mia, very helpful and informative:)
Hi Mia, Near the end of your video you talked about "strategy" on selling I bonds. Appears you have to be certain with the dates especially when selling to shorten the 3 months penalty if redeeming at 1 year. What dates specially do I need to understand for this? I purchased my I bonds thru TreasuryDirect with a purchase date of Feb 23, 2022 but the issue date is Feb. 1, 2022. Enjoy your videos. Thank you.
You can sell it Feb 1, 2023 and they will still count it as one full year even though you bought it Feb 23, 2022. If interest rates are still high, you can just hang onto it.
@@mia-pham Thank you so much. Take care and be safe.