Sent an email to WH

[fadedrose]

to the Pres, VP and Jack Lew.

Told them I'd like to be able to participate in the My RA accounts even if I'm 75 and getting a small SS.

Told them I'd buy them as bonds for grandkids or to save for a computer for myself replace this one that cost me $139 used about 3 years ago.. It won't last forever.

If any of you older people feel the same way, let 'em know...best to speak from your heart. They are always nice to me for some reason.

I told them that when the paper $25 (cost) savings bonds ended I sent requests to cable news outlets and hosts of tv programs, the WH, Senators, and got no luck...we need the program back or something like it.

[FSogol]

1. What is wrong with the electronic version of savings bonds as a gift for the grandkids?

http://www.treasurydirect.gov/indiv/planning/plan_gifts.htm

[fadedrose]

2. I love paper

My bank and Sears keep asking me if they can stop sending me paper bills and do my bills electronically.

With blackouts, and maybe having to quit Comcast's budget blasting costs, I may not have internet forever.


Some kids are too young. And the ones I got like to look at them.

I bought one for my son's girlfriend, way last Christmas, in December. Probably one of the last ever printed. I figure it's a collector's item and she does too. Didn't have the program long enough to get one for my son, which I regret. But was busy buying clothing badly needed for kids and birthdays in Decembe (3 of them)...

No, keep your electronic bonds. I can get nice pictures and books about birds, and save a bundle on seeds and making suet, but there is nothing like a real bird.

I appreciate your suggestion, tho, and know you mean well. But if you knew me better, you'd know I would get no enjoyment from saving that way.

One of the things I like about SETI/Einstein @home is that they pile on and take off and ready to be viewed at any minute, and the tasks and galaxy does not even belong to me.

[fadedrose]

3. I did look into this

But you don't just buy a bond, you need to open an account for each child, and they are not my children.

On my account, I put their names and addresses, ss, and sent the requests to a bank and they mailed the kids their checks. The kids were thrilled.

Not the same as an internet account for young people.

And if I lose my Comcast, I'd have to go to the library to look at my account, and sometimes there are folks waiting there for their turn...
.

[FSogol]

4. It really isn't that different. I have a relative who gives them to my kids, they

have a whole stack of them and now are getting the e-version.

If you don't mind a suggestion: Instead of bonds, set up a 529 account with their home state and make the occasional deposit for their college days.

[fadedrose]

5. Never heard of that

Will look into it, but I'll bet it has a minimum that's over my head.

You're nice to give me ideas, and you are apreciated...

Oh, and if you contribute $25 to start My RA, it takes amounts as low as $5.00 to save...

[fadedrose]

6. Had another idea that's totally different

Sent another email, complements, etc., and requested that they talk to ST Ley, FR Yellen, Postmaster General, The Vice President, all Post Office Lovers in Congress, and Warren, who is not a bank fan, to see if it they could put the sale and cashing of US Savings Bonds in the hands of the capable U-nited States Post Office. They could be part of My RA, but I'd like them available for immediate purchase for $25 by any person of any age, employed or not, citizen or not. And I'd like them to be called United States Savings Bonds and mailed by the Treasury Department in those beautiful brown envelopes..

Banks are not happy about dealing with them. They want to sell CD's, annuities, bonds, and other risky moneymakers. Let's just leave them out of his altogether.

Post Office Employees will benefit, the government, and the people.

What do ya think, FSogal?

[FSogol]

7. Economics was never my strong suit, but people don't save much because interest rates are so low.

The government should back some higher rate bonds for public consumption and have a campaign to encourage savings. Doubt it will happen since Wall St entices people with higher yields and has a bigger control over the govt.

Big supporter of the USP, so I don't have any problem with them handling govt services.

[fadedrose]

9. Yes, Higher Rates

If I handed what I could save over to you, as little as it is, you could probably pay me more than 1/4 of 1% and would ever miss it.

Feel bad for the people cleaning up all the money in the stock market, it went down, because Yellen says they no longer need government money pumped into it, and they're doing good. The money could go into people bonds...

Hope they don't start jumping out of windows yet..

Go Janet, it is Janet, isn't it?

[magical thyme]

8. My understanding is that they will be a subset of Roth IRAs

If that is the case, contributions must be from your own earnings (or from spousal earnings). They cannot be gifted and they cannot come from sources other than earned income.

You can buy other kinds of government savings bonds for your grandkids. Just not IRAs.