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Can you buy Ibonds for anyone?

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  • Can you buy Ibonds for anyone?

    I bonds as a planning vehicle?
    Primarily kids or parents.
    $10k is under the gift tax limit. Grandparents used to buy savings bonds or insurance policies for grand kids. Adults gift to parents sometimes for their own purposes.
    Is there any age restrictions for buying an I Bond for some else?
    You might have 2 parents, 2 in-laws and kids that are all perfectly willing to make you the beneficiary. Adding a spouse would give one an extended I Bond space.

    I realize the lack of appreciation, but the transfer and inflation protection is the objective,

  • #2
    If I understand correctly your limit is $10,000 per year so you can buy for whoever including self but can't exceed that amount.

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    • #3
      Originally posted by StateOfMyHead View Post
      If I understand correctly your limit is $10,000 per year so you can buy for whoever including self but can't exceed that amount.
      Under one social security number. Had thought of the gifting to minors or parents possibilities.

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      • #4
        Originally posted by Tim View Post

        Under one social security number. Had thought of the gifting to minors or parents possibilities.
        seems like a good idea if legal, but if really young I would buy VTI for the long run.

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        • #5
          Originally posted by Tim View Post
          I bonds as a planning vehicle?
          Primarily kids or parents.
          $10k is under the gift tax limit. Grandparents used to buy savings bonds or insurance policies for grand kids. Adults gift to parents sometimes for their own purposes.
          Is there any age restrictions for buying an I Bond for some else?
          You might have 2 parents, 2 in-laws and kids that are all perfectly willing to make you the beneficiary. Adding a spouse would give one an extended I Bond space.

          I realize the lack of appreciation, but the transfer and inflation protection is the objective,
          Those savings bonds and insurance policies were a bad idea then, and this is a bad idea now.

          The best long-term inflation protection is capital appreciation.

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          • #6
            Originally posted by bovie View Post

            Those savings bonds and insurance policies were a bad idea then, and this is a bad idea now.

            The best long-term inflation protection is capital appreciation.
            Oh I agree. That assumes it is intended for long term and the person is responsible. Simply a technique to move safe money.

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