How To Add An I-Bond Beneficiary (Step By Step Tutorial) | I Bond BENEFICIARY vs JOINT OWNER
Вставка
- Опубліковано 25 вер 2024
- Forget to add an I-Bond beneficiary or joint owner when you bought your I-Bonds? This video - How To Add An I Bond Beneficiary (Step By Step Tutorial) | I Bond Beneficiary Vs Joint Owner - will walk you through in detail:
✔️ How to add an I Bond Beneficiary (plus how to change an I Bond beneficiary)
✔️ How to add an I Bond Joint Owner
✔️ What you, your I-Bond Beneficiary and/or I-Bond Joint Owner need to do AFTER you add them (yes, it’s always a bit more complicated than you’d expect)
✔️ What happens upon I-Bond owner death?
I-Bond Secondary Owner is the term that TreasuryDirect uses to refer to I-Bond Joint Owners Or I-Bond Co-owners.
Having an I-Bond beneficiary or I-Bond joint owner/ I-Bond secondary owner protects everyone involved when an I-Bond owner dies (including avoiding the lengthy, costly process of probate) - so watch on to see how you can keep your I-Bonds in the right hands if something were to happen to you!
-------------
📢 We've launched! Get 15% off our brand-new bond courses thru 11:59PM ET on 4/30/2024 for Financial Literacy Month - enter coupon code bondfans2024 at checkout - see links below for more details!
⭐ Bond Beginners (our foundational-level bond course): www.diamondnestegg.com/bond-beginners
⭐ Bond Masters (our intermediate-level bond course): www.diamondnestegg.com/bond-masters
⭐ Or get both & save $100: www.diamondnes...
⭐ Join our super-supersaver membership for regular market updates & monthly live member Q&As 👉 / @diamondnestegg
__________
DISCLAIMER
EVERYONE'S FINANCIAL JOURNEY IS DIFFERENT. YOUR PERSONAL FINANCIAL SITUATION IS UNIQUE. NEITHER DIAMOND NESTEGG, LLC, OUR WEBSITE, OUR UA-cam CHANNEL, OUR OTHER SOCIAL MEDIA CHANNELS, NOR THIS CONTENT & INFORMATION (THE “SERVICE”) ARE INTENDED TO PROVIDE FINANCIAL, LEGAL, TAX OR OTHER ADVICE. NO FINANCIAL DECISIONS SHOULD BE MADE SOLELY BASED ON THE SERVICE. THE SERVICE IS PROVIDED FOR INFORMATIONAL & ENTERTAINMENT PURPOSES ONLY & IS NOT INTENDED TO BE A SUBSTITUTE FOR ADVICE FROM A PROFESSIONAL FINANCIAL ADVISER OR QUALIFIED EXPERT.
ALL OPINIONS & FORWARD-LOOKING STATEMENTS OF THE SERVICE EXPRESSED HEREIN ARE AS OF THE DATE OF PUBLICATION & SUBJECT TO CHANGE. IT IS YOUR RESPONSIBILITY TO VERIFY ALL INFORMATION YOURSELF.
ANY INFORMATION PRESENTED BY THE SERVICE IS NOT AN OFFER TO BUY OR SELL, NOR A SOLICITATION TO BUY OR SELL ANY SECURITIES OR PRODUCTS MENTIONED. DIFFERENT INVESTMENTS HAVE VARYING DEGREES OF RISK & THERE IS NO ASSURANCE THAT THEY WILL BE SUITABLE FOR YOUR PORTFOLIO. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ALWAYS CONSULT A QUALIFIED FINANCIAL, LEGAL, OR TAX PROFESSIONAL REGARDING YOUR SPECIFIC SITUATION.
DIAMOND NESTEGG, LLC IS A REGISTERED INVESTMENT ADVISER IN THE STATE OF NEW YORK AND OTHER STATES WHERE IT IS EXCLUDED OR EXEMPTED FROM REGISTRATION REQUIREMENTS. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT CONSTITUTE AN ENDORSEMENT FROM SECURITIES REGULATORS.
DIAMOND NESTEGG, LLC RECEIVES COMPENSATION FROM UA-cam FOR THE PRESENCE OF ADVERTISING BEFORE, AFTER, AND DURING THIS VIDEO CONTENT AS WELL AS VIA UA-cam’S SUPER THANKS FEATURE. DIAMOND NESTEGG, LLC DOES NOT CONTROL THE CONTENT OR PRESENCE OF ANY ADVERTISEMENTS. THE PRESENCE OF ANY ADVERTISEMENT DOES NOT CONSTITUTE AN ENDORSEMENT OF THE AD, COMPANY, ENTITY, OR PRODUCT BY DIAMOND NESTEGG, LLC.
----------
CONTENT DISCLAIMER
THE VIEWS & OPINIONS EXPRESSED THROUGH THE SERVICE ARE SOLELY THOSE OF DIAMOND NESTEGG, UNLESS OTHERWISE SPECIFICALLY CITED. MATERIAL PRESENTED IS BELIEVED TO BE FROM RELIABLE SOURCES & NO REPRESENTATIONS ARE MADE BY DIAMOND NESTEGG AS TO OTHER PARTIES' INFORMATIONAL ACCURACY OR COMPLETENESS. ALL INFORMATION OR IDEAS PROVIDED SHOULD BE DISCUSSED IN DETAIL WITH A QUALIFIED ADVISER, TAX OR LEGAL PROFESSIONAL PRIOR TO IMPLEMENTATION.
OUR UA-cam CHANNEL MAY PROVIDE LINKS TO THIRD-PARTY WEBSITES FOR YOUR CONVENIENCE. WE HAVE NO CONTROL OVER THE ACCURACY OR CONTENT OF THESE LINKS.
THE COMMENTS ON THIS CHANNEL, AND OUR OTHER SOCIAL MEDIA CHANNELS, ARE THOSE OF THE CREATORS & DO NOT NECESSARILY REFLECT THE VIEWS & OPINIONS HELD BY DIAMOND NESTEGG, LLC.
DUE TO THE SOCIAL NATURE OF THE SERVICE, THESE VIDEOS MAY CONTAIN CONTENT COPYRIGHTED BY ANOTHER PERSON OR ENTITY. DIAMOND NESTEGG, LLC CLAIMS NO COPYRIGHT TO SAID CONTENT & CANNOT BE HELD ACCOUNTABLE FOR THE COPYRIGHTED CONTENT. DIAMOND NESTEGG SHARES & STRIVES TO VERIFY INFORMATION BUT CANNOT WARRANT THE ACCURACY OF COPYRIGHTS OR COMPLETENESS OF THE INFORMATION ON OUR SERVICE. ANY COPYRIGHTED MATERIAL SHARED ON THIS SERVICE IS INTENDED TO BE SHARED BY FAIR USE. IF YOU HAVE A COMPLAINT ABOUT THE USE OF COPYRIGHTED MATERIAL, PLEASE CONTACT DIAMOND NESTEGG PRIOR TO MAKING A COPYRIGHT CLAIM. ANY INFRINGEMENT IS UNINTENTIONAL & WILL BE RECTIFIED TO ALL PARTIES' SATISFACTION.
PLEASE REFER TO OUR TERMS OF SERVICE & PRIVACY POLICY LINKS FROM OUR WEBSITE FOR MORE INFORMATION.
📢 We've launched! Get 15% off our brand-new bond courses thru 11:59PM ET on 4/30/2024 for Financial Literacy Month - enter coupon code bondfans2024 at checkout - see links below for more details!
⭐ Bond Beginners (our foundational-level bond course): www.diamondnestegg.com/bond-beginners
⭐ Bond Masters (our intermediate-level bond course): www.diamondnestegg.com/bond-masters
⭐ Or get both & save $100: www.diamondnestegg.com/home#_paa2isucf
⭐ Join our super-supersaver membership for regular market updates & monthly live member Q&As 👉 ua-cam.com/channels/nexoc6tvesvcCEzZhmI-Ag.htmljoin
Thanks for visiting our personal finance channel! We hope this free content will help fast-track your financial journey! Please note that there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances. Everyone's financial journey is different.
I-BONDS PURCHASED AS GIFTS: if you forgot to add a beneficiary or joint owner to I-Bonds which were purchased as gifts - you CANNOT change this while the gift bonds are sitting in your gift box. You will have to wait until you deliver the gift bonds to your recipient's TreasuryDirect account & your recipient will then need to add a beneficiary or joint-owner themselves following the same instructions as detailed in the above video.
Hello, what does "Make This A Gift" means? Thank u!
@@Ru4444 it means that if you check that box, you are buying the I-Bond as a gift for someone else
@@DiamondNestEgg I hav so many questions, 😰 but I bothered u enough. Your video is great, thank u. If u can also one day make a video on how to sell i bond after its matured, I would really appriciate it. Thank you!
@@Ru4444 That video is already on the list. I have to wait until I can redeem mine before I can make it, so early next year hopefully. In the mean time, check out our I-Bond 2022 playlist: ua-cam.com/play/PLsv_4H5rP97EoJqiwJl-DEWzWhFmT1E1Z.html
You'll know a lot more about I-Bonds after you watch these handful of videos!
@@DiamondNestEgg Sweet!! Thank u so much!!
The Treasury should be paying you for these instructional videos. You are a rock star! Thank you
I wish!
agree!!!😃
I agree
What a horrible system. It is not intuitive at all. Thank goodness for Jennifer!
Very well done! Super clear and helpful! Treasury Direct should pay you for this video!
Thank you so much for your information. You make it easier to understand how the I Bond system works!
It was helpful. Most people don't know when an owner dies, it's a 20-week transaction period after the Form with death certificate is mailed. The form requires a special medallion notary.
I've heard its nearly impossible to find a resource for a Medallion notary these days. Many major banks won't do it anymore. Where would you get that?
I bought I bonds last week but forgot to name beneficiaries. I tried many times but was about to give up. There are no clear and simple instructions. Today I found your video. Great ! I followed your hints and was able to make the changes. Thank you so much.
I'm glad I went to UA-cam and saw your video rather that opting to be on hold for 1 hour and 45 minutes, approximate waiting time with Treasury direct.
These instructions are about as clear and well said as anyone could hope for. Very well done is an understatement!
OMG!! This video is priceless. I had so many questions after just having purchased my first I-Savings bond. You answered them in a very clear and concise manner. Thank you so much for taking the time to make, edit, and post this video.
As many others have said, this video is KILLER. I'm guessing if the Treasury Dept. hired her, they could fire about half the "civil servants" that appear to be focused on how to do as little work as possible.
This is the 3rd time I’ve watched this since its release. I’ll have to play it as I designate my wife as beneficiary on another computer,LOL. I’ll also have to link to this video in my will. Thanks so much, I think you’re incredible for doing this video.
Great idea to clip the video. I also saved this video and have gone back to it several times.
I was so confused and frustrated with the direction on the website.
Thank you so much for deciphering all this information for us. We so appreciated it.
Thank you Jennifer for explaining thing in a simple clear way.
THANK YOU so much for clearing up my complete and utter confusion as to how to do on Treasury Direct. You are awesome.
Wow, great job explaining what Treasury Direct could never do! Thank you SO MUCH for this detailed, step-by-step video. Worked like a charm!
I was very tentative about continuing on the Treasuary site while trying to assign a beneficiary. I chickened out a couple of times because it didn't seem clear which name to put first, mine or the beneficiary's. Your timely video cleared that up and I easily finished my "assignment" after following your tutorial. Thank you so much!
100% agree, I was filling the page out and backed out, found this video, found out I would have been doing it wrong. I then set up the spouses account and did the steps so they could view/transaact. What a blessing to find this info!
@@mikeconner8684 Ditto, same here. So happy to have found her video!!
I could never have forged that out without your tutorial. I don’t think it should be that complicated. You saved my sanity!!!!
I'm a retired teacher who would like to believe the success of my students was a result of my excelling at "clarity of explanation" in my lessons. I've gotta say.....you've got me beat. Beautifully done.
she is the best
You can NOT select more than one I-Bond at a time. Thanks for your great video!!
Thank you so much for taking the time to make this video showing how to add beneficiaries to an I-bond! Following your step by step tutorial made it so helpful and so much easier!
You‘re welcome!
You just made livfe easier for 70 + year olds. Thank you
Where have you been all my life? Your video are so clear and the step by step instructions are so helpful. It’s what sets you apart from everyone else. Thank you
Now that I have been widowed for a year and navigating all of the things that needed to be done(or most of them), I find that I am now spending time planning for my own passing(ridiculous), and leaving things much simpler for my son. I was wondering about some 20 year old Ibonds and what I should do with them...this tutorial was brilliant!!!after the year I've been through I really appreciate the clarity and precision of your explanations. Will probably have to watch again as it will take me a while to get up the nerve to actually tackle the process...but this gave me just the information I needed...Thank you!
This was the most helpful, clear videos I have seen regarding ibonds. Thank you so much for breaking it down and for giving clear, follow along instructions. There is no way I would have been able to figure that out on my own!
If no one has answered your question of how many ibonds you can select and change the beneficiary "in one go"...... I was able to change up to 50 at a time. Thanks for all your videos 😉
This video is Exactly what I needed to know. Thank you so much. Love the step by step instructions ❤
what a thorough video on the topic! Treasury Direct should pay to use your video on their website!!!
Thank you for all this important information! TD should put YOUR videos on their website as "how to videos".
Thank you! I'd have NEVER figured this out without your help!
It is amazing how you can simplify what the government makes insanely complicated. You provide a real service...Thank You!
I found this while Googling for help setting up POD for my Son. Thank you Jen!!! This was PERFECT. I put a link to this also on the Boglehead Forum.
This is a must video to watch for anyone wanting to access Treasury Direct. Thanks.
Wonderful step-by-step instructions and much better than the DirectTreasury instructions.
Thank you so much for providing information for I bond purchasing. Your instructions are very complete and easy to follow.
You‘re welcome!
Terrific presentation, I should have found this clip before I attempted to handle it on my own. I agree with Slim Dawg they should put you on their payroll. Thank you
Thanks for the detailed step by step process. It saved me from forgetting to do the extra step of changing priviledges. I predict you will get a million views with this video!
we had just purchased our first bonds this week and later I was thinking about whether we'd been given an opportunity to name a beneficiary....wife said no. So I went to the account and couldn't really see any way to do it and then using google found your video - wow, I would have never figured this out - thanks !
When updating beneficiary on multiple I-series bond holdings , you must select EACH individual I-bond holding and update one at a time. Thank-you very-much!
You‘re welcome & many thanks for letting us know about this!
Yup, it's a single radial button, not a multi-select. We don't have a need to change them, but we're buying them in smaller chunks so we could redeem only a fraction of our I Bonds when needed. If my wife or I passed, this would be a pain to update them.
@@jroysdon Thanks for clarifying. FYI, even if you buy $10K all at once (assuming you have the cash), you can do partial redemptions (e.g., $1K at a time)
Thank you so much for the detailed walk through. So many people refuse to buy IBonds simply to avoid the the complicated government website.
This was so very helpful! I really appreciate you walking these steps through slowly. Thank you so much!
Amazing. This could not have been more clear or detailed. THANK YOU!!!
This is a most excellent tutorial! Thank you much. For your question at 7:38 minutes concerning selecting more than one bond for adding a beneficiary, the answer is "no" as of 4/24/2023. You must do each one by itself.
Thanks for the info!
Best ever video. Had to add beneficiary after purchase and you made that process pretty easy.
Thank you Jennifer! The information provided and the way it was explained were flawless and exquisitely useful. So much better than calling TDirect and waiting 3 hours not to get clear information. You saved the day!
100%!!!!!
This video is enlightening. I was not getting anywhere prior to watching your video.
I couldn't have done it without you! Thanks for making this video.
Great video helped me add the beneficiary to the treasury bonds thanks again
I just added a beneficiary to my existing T-Bills and was able to follow the same directions from the "holdings" page. I had 3 separate t-bills in there and wanted to let you know that it did not allow me to choose all three at once to change the registration. I had to do them one by one, but it was easy once the preferred beneficiary was set up. Thanks so much again for making this painless!
Thanks for sharing Karen!
I was able to select two different I-Bond selections in my account and make the Registration update (adding a beneficiary) at the same time. Instead of selecting Current Holdings, I used Manage Direct, then Edit Registration and then navigate to the summary that showed my list of I-Bonds. Select both and make the needed Registration updates. This will definitely be a time saver for those with many Treasury listings.
Very thorough and helpful information. I was almost going to ask you about adding a beneficiary, but figured it out. It wasn't that hard to figure it out.
If you make a mistake, TreasuryDirect, will mark the area in red for you to fix OR you can cancel it and come back to it later.
I was trying to figure this out and found your video. Excellent tutorial! You explain everything so clearly. I just subscribed. Thank you.
This was a HUGE help!!!! Thank you so much.
Jennifer, Thank you very much for sharing these videos. You have a way of explaining complicated things in simple terms, making things “click”. Excellent channel, excellent content and engaging masterful and constructive explanations. Thank you very much and keep up the great work. What you have here is truly a relevant source of information, which is greatly appreciated by all of us, your “super savers” followers.
Thank you!!!
This is exactly what I am looking for. Thank you!
Thank you so much for the detailed and funny walk through the confusing website. You truly are a rock star.
Great video, very helpful and I was able to add a beneficiary on all of my I bonds in one step by going thru Manage Direct- it will allow you to change registration on up to 50 at a time. Thanks again for such clear instructions.
So helpful. I appreciate all the detail and examples.
Thank you so much for the awesome tutorial, I was also a bit confused about where to enter which info! Thanks again! :)
Thanks for this! I forgot to add a beneficiary! On my list now. Good vid!
You answered many of our questions. Made things very clear for us. Thanks very much
Great video!! However, the process, as you say is extremely complicated and it is hard to keep going back to the video to check each step. Though I realize that it is asking a lot, if you could produce a PDF of the process it would be very, very helpful.
Wow, thank you for teaching us this complicated process. Nicely done.
You are my HERO!!! Thanks you for this incredibly detailed instruction video. You saved me hours.....make that DAYS.
OH MY GOSH!!! You are so AWESOME!!!! You are the best teacher ever! This answered so many of my questions and a few that I had no idea I needed to know.
Wow ! What a eye opener and so detailed. I hadn’t known of you when I opened my account. I had so many questions upon applying due to how they used certain terminology that threw me off making it more confusing. I finally got thru it all with making numerous calls to them. But now I’m curious to know what if my beneficiaries don’t have a account ? Can my beneficiaries open an account without purchasing I-Bonds for the sake of viewing ? Or if I pass they probably would have to open a account for cashing in the bonds. Thank you so much for putting in the effort n time for all of us to understand. You did a awesome job 👍
As I understand it, your beneficiaries can open an account just for viewing (so long as they're not a minor)
Thanks. Your instructions for adding a beneficiary were so much clearer than the instructions provided on the Treasury site.
Thank you Jennifer ! for your invaluable video add/edit/select/submit and all the various summary/details yikes. could not have added benef. w out you. :) cheers
Thank you so much. I was struggling to figure that out. You rock!!!
Very, very helpful and well done! Thank you!
Thank you for this upload. Very nicely explained and will definitely save a lot of time for me figuring out all the details.
Amazing job with the instructions! Thank you so much for creating these helpful videos. I wouldn't have figure out all those steps and complexities.
You are so clear and concise.... Thank you for your efforts!
Excellent! Must see if you have I-Bonds
I just want to Thank you for answering my questions about ownership and adding.
Wonderful and great information and presentation. Thanks 💗 a million for your videos
Thank you. It was clear and helpful. You are the best.
Thank you so much for this step-by-step walkthrough! It is invaluable info!
Amazing explanation. Very helpful.
Your videos are so so helpful and informative. Thank you very much.
Loved the video. Followed you right through the procedure that I needed. Thank you so much. ❤
I'm so glad I came across your channel. This video is so helpful. Your explanation is easy to understand and to the point. Thank you!
I love your videos. You are helping people. I'm one of them. I followed your instructions step by step, and I was able to open my account. Thank you so much.
This was a great help. Thank you so much.
Sorry.. I meant to say..your instructions are easy to follow and clear..thank you!
Great video and instructions! Thank you 🙏.
Diamond, keep up the great work of I-Bond Education. Viewers will come now that I have found your channel.
I am the business owner of a national chain of tax preparation. And now that I know, I will add your channel to the company's monthly newsletter.
I hope many of our clients inquire about I-Bond, because I-Bond is a seemingly worry-free investment vehicle, especially for grandchildren.
You have a UA-cam niche all to yourself - so keep bringing clarity of use and benefits of time, and consistent investment savings.
Kudos
Thanks for getting our I-Bond videos out to your clients!
Wow! This was a lot of work and information. Thank you.
Well done. The process is convoluted and wordy, as expected coming from the Federal government.
It is not straight-forward for sure.
Thank you so much for the time and effort you put into making these important videos for simpletons like myself. LOL Really though, you do an outstanding job at explaining and going step by step. Thanks so much again!
Thanks for the useful information, navigating through the treasury website is not easy
The information is right on point & easy to follow! Wish I’d discovered it 2 hours ago 😊. Terrific job! Thank you so much!
Great video. I spent a lot of time on the TD website and the beneficiary information was muddled at best (at least for me). Your video clearly laid out the steps for me to add a beneficiary to my IBonds Thanks!!
Wow, super helpful. Exactly what my wife and I needed for our recent I-Bond purchases.
Glad the video is helpful
VERY HELPFUL!!! I was struggling on the treasury website , reading their information and you made it so much easier!!
Very detailed explanation. Thanks for the video. Needed to add my son as beneficiary and did not know how to do it.
Thank you, very informative as usual, I read that it isn’t a good idea to be on the same boud as husband and wife. The reason being that if both of you die at the same time, say automobile accident or plane crash, then it goes to the estate and maybe probate
Thank you for these videos. I appreciate your dedication to learning the TD site and passing that info on. The videos are priceless for anyone new trying to navigate the site. I assure you there is no way to assign rights in groups! I've just waded through the process of assigning view/transact rights to 150 different I Bonds. Ouch, LOL!! I've been struggling with the TD site since late 2017 when I spent weeks figuring out how to go through the process of converting all those paper Bonds to electronic. I wish your channel had been available then. We have been buying I Bonds for 20 years. Thank you and best wishes.
You the the best! Thank you so much for this video!
Do you have a vid on how to sell I Bonds if so whY is the link , if not can you make a vid of the process.. Great knowledge you are dispensing to the masses
Not yet as I can't sell mine - when I can, I'll do that video
This was incredibly helpful. Thanks so much for this information.