Kathleen, I agree with Steve H. Thank you. Do you know if it is ok to use money from an inherited IRA? Is this money administered by the custodian charity I chose and if they "go out of business" my $50,000 goes with them or is the charity just a sponsor and the money is elsewhere?
Marjorie, you forget to mention that Treasury Direct, after finding a bank and a medallion stamp, request that you USPS mail the bonds to them in Minneapolis and then wait for processing. I cannot rely on the USPS to deliver a first class letter across town. I called Treasury Direct and they refuse to accept bonds hand delivered to their office. UPS will insure a package of bonds for a very high price and Fedex refused to insure the bonds. If you have figured out a way around this problem I would like to know.
Comments:
It is comforting to know that others have similar doubts as they age.
Post: Second Guessing
Link to comment from November 2, 2024
Excellent. Glad to know there are others out there just like me! Thank you.
Post: Keeping It Simple
Link to comment from February 28, 2024
There is no guarantee that just because you have children that they will take care of you in your old age!
Post: Just the Two of Us
Link to comment from October 14, 2023
Steve, thank you for your post and thank you to everyone who has commented. So much useful information.
Post: Unhealthy Claims
Link to comment from March 22, 2023
Kathleen, I agree with Steve H. Thank you. Do you know if it is ok to use money from an inherited IRA? Is this money administered by the custodian charity I chose and if they "go out of business" my $50,000 goes with them or is the charity just a sponsor and the money is elsewhere?
Post: Better Than Cake
Link to comment from February 22, 2023
Marjorie, you forget to mention that Treasury Direct, after finding a bank and a medallion stamp, request that you USPS mail the bonds to them in Minneapolis and then wait for processing. I cannot rely on the USPS to deliver a first class letter across town. I called Treasury Direct and they refuse to accept bonds hand delivered to their office. UPS will insure a package of bonds for a very high price and Fedex refused to insure the bonds. If you have figured out a way around this problem I would like to know.
Post: Paper Chase
Link to comment from February 8, 2023