2022 Christmas Gift for Family

Teague, Josh, Quinn & Kriya

PJ and Colson,

Dena and I would like to gift you iBonds for this years Christmas gift.

This is money that you can use years down the line when you need it and it will earn interest until then. We want to do this now, because we do not think we will be able to, once we retire. If it works out, we can continue to do this, until we can’t. It’s protected money backed by the government unlike stock.

Since this is the first time we have done this, you will need to set up an account for yourself. Teague and Josh, you also need a sub account up for each PJ and Colson.

Each recipient needs to have their own account. A SSN is required.

Once you set up your account, send me the Full Name, SSN and Treasury Direct Account number (they will email you this after you set up the account)

Once we get this info, we will be able to make our gift contribution into the account.

I just set my account up and it looked daunting but was quite easy.

Step One – Set up an individual account at https://www.treasurydirect.gov/

Step Two – Once you get the confirmation email send me Full Name, SSN and Account Number you used to set up the account.

Step Three for Teague and Josh – You need to do steps one and two for PJ and Colson as a linked account to one of yours. Instructions for doing so are here. https://www.treasurydirect.gov/indiv/help/treasurydirect-help/user-guide/121-130/#126

You can cash these bonds in after 1 year with a 3 month penalty on interest earned but we suggest you forget about them for at least 5 years. That way they can grow and there will be no penalty when you withdraw.

The kids can leave them to grow until they need it for college and it will have grown into a nice sum by then.

We love you all and hope you enjoy this gift for years to come.