Are I Bonds the Best Place To Park Short Funds?

mathjak107 said:
It would have to go through probate normally before released ..
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Savings bonds can be transferred to new owners without probate if they were jointly owned or if the owner named a payable-on-death (POD) beneficiary to inherit them. These bonds can be jointly owned, or they can be registered in POD form, but not both; only sole owners can designate a POD beneficiary.

How To Transfer U.S. Savings Bonds After Death - AllLaw​

 
Liberty said:
Savings bonds can be transferred to new owners without probate if they were jointly owned or if the owner named a payable-on-death (POD) beneficiary to inherit them. These bonds can be jointly owned, or they can be registered in POD form, but not both; only sole owners can designate a POD beneficiary.

How To Transfer U.S. Savings Bonds After Death - AllLaw​

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Then they wouldn’t be passed via will which was what one eyed diva asked about .

we pulled all money out of vanguard when they stopped allowing beneficiaries on joint accounts .

they told all of us we would be better off with a trust .

nonsense we don’t need a trust , all our accounts are on beneficiary except vanguard after they pulled their little stunt .

no problem at fidelity with beneficiaries on joint accounts
 

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mathjak107 said:
if the payout is met with an equal drop in investment value , that would be a dividend .

they come from the company cash register regardless of profits or not . just an amount of your own money refunded to you by the board so not a problem .

if the payout is on top of your existing balance with no subtraction then that would be interest ..

interest comes from loans .

bond etfs can be tricky since they add each days interest on its holdings in to the share price and when paid out most bond funds see a decrease by the same amount but that is still interest.

many bond mutual funds hold your interest on the side , they don’t reflect it in the days nav and so when paid there is no subtraction from share price .

it can be a bit confusing at times
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"it can be a bit confusing at times". Yes it can. I'm not concerned about bond mutual funds since I will never invest in them, but thank you for the exclamation.
 
Pecos said:
It might be possible, but like an IRA, it is just so much easier for an heir if they are named as a beneficiary ahead of time.
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Yes, I figured as much. Investments at my brokerages are not included
in my will, but are listed with the brokerages for each account. Although each of my bank accounts have designated PODs (orTODs) beneficiaries for those are listed in my will.
 

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