Treasury Direct Online account
Treasury Direct Online account
I am starting the process to convert my and my wife's paper i bonds to electronic version. I finally got around the creating a manifest for my bonds. I must say they could not have made it more complicated, though there conversion guide is helpful. My questions is should I create a new TD account for my wife for conversion and purchasing new i bonds or can I do it all from my account which I have already created?
Re: Treasury Direct Online account
Wouldn't you both have to have accounts? There is no such thing as a joint account at TD. So her bonds would go to her account and your bonds would go into your account.
Jerry
Jerry
"I was born with nothing and I have most of it left."
Re: Treasury Direct Online account
Thanks Jerry. I think so too.. but the whole TD website is quite confusing... I will create another account for my wife to keep accounting simple...
Re: Treasury Direct Online account
Mind if I ask why you're converting them? In our world of digital money and our reliance on the internet and cyber security, I kind of like the idea of having physical bondsnew_bogle wrote:I am starting the process to convert my and my wife's paper i bonds to electronic version. I finally got around the creating a manifest for my bonds. I must say they could not have made it more complicated, though there conversion guide is helpful. My questions is should I create a new TD account for my wife for conversion and purchasing new i bonds or can I do it all from my account which I have already created?
Re: Treasury Direct Online account
You can put all the bonds into your account if you are the co-owner along with your wife for the bonds. That is what I did.
Re: Treasury Direct Online account
It appears that one can use single account but create a new registration. Though I am not sure if it is recommended to have single TD account with 2 Sole Owner type of registrations or 2 separate TD accounts with 1 Sole Owner type of registration. Can someone who is regularly buying $20K worth of bonds ($10K each) post how its typically done/recommended?new_bogle wrote:I am starting the process to convert my and my wife's paper i bonds to electronic version. I finally got around the creating a manifest for my bonds. I must say they could not have made it more complicated, though there conversion guide is helpful. My questions is should I create a new TD account for my wife for conversion and purchasing new i bonds or can I do it all from my account which I have already created?
Re: Treasury Direct Online account
Just wanted to bump this thread.
I want to max out the i-bond purchasing for my family each year (myself, wife, and two kids). Adding the kids was easy. But I can't figure out how to add my wife to be able to buy her $10k from the same account. I would like to make all the purchases from the same bank account - it appears most likely that I just need to set up a separate account with her social.
I want to max out the i-bond purchasing for my family each year (myself, wife, and two kids). Adding the kids was easy. But I can't figure out how to add my wife to be able to buy her $10k from the same account. I would like to make all the purchases from the same bank account - it appears most likely that I just need to set up a separate account with her social.
Re: Treasury Direct Online account
I believe you have to open separate account and there is no concept of joint account at TD. I was trying to find another thread where it was mentioned but I'm not getting it now.bogle2013 wrote:Just wanted to bump this thread.
I want to max out the i-bond purchasing for my family each year (myself, wife, and two kids). Adding the kids was easy. But I can't figure out how to add my wife to be able to buy her $10k from the same account. I would like to make all the purchases from the same bank account - it appears most likely that I just need to set up a separate account with her social.
BTW, were you able buy I-Bonds on kid's name by logging into your own account? Didn't you need to create separate TD account by giving their social?
Re: Treasury Direct Online account
It was pretty straightforward where you did add a Minor Linked Account to your main account using their SS#.bandoba wrote:I believe you have to open separate account and there is no concept of joint account at TD. I was trying to find another thread where it was mentioned but I'm not getting it now.bogle2013 wrote:Just wanted to bump this thread.
I want to max out the i-bond purchasing for my family each year (myself, wife, and two kids). Adding the kids was easy. But I can't figure out how to add my wife to be able to buy her $10k from the same account. I would like to make all the purchases from the same bank account - it appears most likely that I just need to set up a separate account with her social.
BTW, were you able buy I-Bonds on kid's name by logging into your own account? Didn't you need to create separate TD account by giving their social?
Re: Treasury Direct Online account
Hmmm, guess I misunderstood earlier. I checked back and I see "Establish a Minor Linked Account" option which would let me buy on behalf of minor. Thanks for pointing that out.bogle2013 wrote:It was pretty straightforward where you did add a Minor Linked Account to your main account using their SS#.bandoba wrote:I believe you have to open separate account and there is no concept of joint account at TD. I was trying to find another thread where it was mentioned but I'm not getting it now.bogle2013 wrote:Just wanted to bump this thread.
I want to max out the i-bond purchasing for my family each year (myself, wife, and two kids). Adding the kids was easy. But I can't figure out how to add my wife to be able to buy her $10k from the same account. I would like to make all the purchases from the same bank account - it appears most likely that I just need to set up a separate account with her social.
BTW, were you able buy I-Bonds on kid's name by logging into your own account? Didn't you need to create separate TD account by giving their social?
I was thinking to do the same i.e. max out for our family given that we are high tax bracket and CA resident. But I'm wondering if it makes sense to buy I-Bonds on behalf of minor when I imght end up using it for our expenses rather than kids's education etc. Do you remember seeing any threads where this is discussed?
Re: Treasury Direct Online account
I look at it as a loophole in the system. I am using my kids social b/c TD has a limit of $10k each year. If they didn't have that limit, I would just simply buy $30k in my name rather than add my 2 kids into the mix. It doesn't necessarily have to go directly to college expenses, but i certainly think you spend $10k a year on expenses related to the childbandoba wrote:Hmmm, guess I misunderstood earlier. I checked back and I see "Establish a Minor Linked Account" option which would let me buy on behalf of minor. Thanks for pointing that out.bogle2013 wrote:It was pretty straightforward where you did add a Minor Linked Account to your main account using their SS#.bandoba wrote:I believe you have to open separate account and there is no concept of joint account at TD. I was trying to find another thread where it was mentioned but I'm not getting it now.bogle2013 wrote:Just wanted to bump this thread.
I want to max out the i-bond purchasing for my family each year (myself, wife, and two kids). Adding the kids was easy. But I can't figure out how to add my wife to be able to buy her $10k from the same account. I would like to make all the purchases from the same bank account - it appears most likely that I just need to set up a separate account with her social.
BTW, were you able buy I-Bonds on kid's name by logging into your own account? Didn't you need to create separate TD account by giving their social?
I was thinking to do the same i.e. max out for our family given that we are high tax bracket and CA resident. But I'm wondering if it makes sense to buy I-Bonds on behalf of minor when I imght end up using it for our expenses rather than kids's education etc. Do you remember seeing any threads where this is discussed?
Re: Treasury Direct Online account
I agree! Thanks.bogle2013 wrote: I look at it as a loophole in the system. I am using my kids social b/c TD has a limit of $10k each year. If they didn't have that limit, I would just simply buy $30k in my name rather than add my 2 kids into the mix. It doesn't necessarily have to go directly to college expenses, but i certainly think you spend $10k a year on expenses related to the child