I'm trying to find ways around the $10k/ year purchase limit and stumbled on this idea. Thoughts?
I have two minor children that will still be minor children when I will probably need to redeem these (5-10 years). Gifting them I Bonds doesn't seem like a great idea, but I found a thread saying I could make them Co owners instead! If they are listed first, it counts towards their purchase limit. And in 5-10 years I can redeem them legally, as an owner, and pay taxes easily (1099-INT should go to me if the funds a deposited in my account). Genius! Or, too good to be true?
Back story, my husband is very fiscally conservative (like, cash under the mattress), but I think I convinced him why this is safer/better than cash, so I'd like to purchase as much as possible while he's on board with the idea (and get a bunch of cash somewhere where it isn't rotting into nothingness).