I-Bond Limit Question

[questions]

If my name is on a bond but it belongs to my wifes social security number. My name is on as co -owner. If the bond is for 5000 dollers can I buy a bond with my social secuity number? thank you

[simpletron]

treasurydirect.gov/indiv/research/articles/res_invest_articles_purchaselimits_0406.htm (add www)

Savings Bonds
Here’s how the purchase limits work:

Through your TreasuryDirect account - which is established using your name and social security number, bank information, driver’s license and e–mail address – you can invest in electronic savings bonds (also referred to as book–entry savings bonds) each calendar year by purchasing as much as:

$5,000 in Series EE Bonds, and
$5,000 in I Series Bonds.

You may also invest the same amount in paper savings bonds -- using your name and social security number -- by purchasing as much as:

$5,000 in Series EE Bonds (which is equivalent to $10,000 face amount), and
$5,000 in I Series Bonds.

Remember: Electronic Series EE Savings Bonds are purchased at par. So when you invest $100, you are issued a security in your TreasuryDirect account for $100. On the contrary, if you invest $100 in a paper Series EE Savings Bond, you are issued a bond showing $200 on the face of the paper certificate. Each of the bonds, if issued on the same day, earns the same rate of interest and will have equal values on any given date.

Exceptions: Paper savings bonds purchased as gifts aren't included in your annual limit. Also, the purchase amount of electronic savings bonds you transfer, deliver as gifts, or de-link to another TreasuryDirect account holder is applied to the receiver's annual purchase limit in the year the transaction occurs, and not to your own limit.

the limit for I bonds is 5000 electronic(treasury direct) and 5000 paper per year, so yes you can purchase at least 5000 more in the other version(paper or elctronic).

now if you have purchased 5k electronic and 5k paper with wife's SSN and both names, my guess would you could puchase another 5k electronic and 5k paper with your SSN and both names because it is most like tracked by social security number. also read the exceptions, you could gift, transfer or delink so that it is in only your wife's name if you can't purchase more.

[b4freedom]

If my name is on a bond but it belongs to my wifes social security number. My name is on as co -owner. If the bond is for 5000 dollers can I buy a bond with my social secuity number? thank you

I would not buy I Bonds now. The rate is 0% plus their version of inflation. No thanks!

Individual - I Savings Bonds Rates & Terms

[b4freedom]

If my name is on a bond but it belongs to my wifes social security number. My name is on as co -owner. If the bond is for 5000 dollers can I buy a bond with my social secuity number? thank you

I would not buy I Bonds now. The rate is 0% plus inflation. It means no return after you adjust for inflation. No thanks!

Individual - I Savings Bonds Rates & Terms