It's likely the OP was referring to accrued value of their holdings including interest and not the face value of the bonds. As an example, a $5K Series I bond purchased in September 1998 is now worth $23,188. Given that a married couple filing jointly could buy up to $30K worth, it's easy to see how $30K becomes worth $139K, and that is just from one year alone! Those high fixed rates offered in the infancy of the I bond program were quite fortuitous for those who were able to buy them. Today's fixed rate of 1.3% is meager in comparison, but still much better than past rates of 0%.Single person $15,000 per year, $30,000 for filing jointly. Tiny amount of interest aside, It's closer to 30 years to get to $850,000 at $30,000 per year.The annual limit used to be $30k per taxpayer account. Not too difficult given the high 3%+ fixed rates offered in the early years. A husband and wife could accumulate a significant amount, especially if they used the gift box feature and possibly trust accounts.How were you ever able to get that much investment in ibonds. how many years have you been investing in them?I recently received a letter from Vanguard saying that I am eligible to enroll in Vanguard Wealth Management services, having accumulated $5M+ in Vanguard funds. I am a DIY investor with advice from this forum and the many books I have read. I am 63, my wife is 62, and our money in Vanguard is invested solely in Index Stock funds, Index Bond funds , and Treasury and Federal Money Market Funds. We also hold about $850, 000 in I Bonds and an equal amount in Individual Tax Free Bonds ( live in NY). I am wondering if anyone in the forum that is a DYI investor has found any value in Vanguard's Wealth Management services. Perhaps you would be willing to share your experiences as to whether or not you received any benefit from signing up for this service?
Statistics: Posted by Grt2bOutdoors — Sat Sep 28, 2024 7:56 pm — Replies 22 — Views 1972