The funds get put in a zero of interest account that earns zero interest. It’s the stupid tax that we didn’t account for when we signed up for Treasury Direct. There was a time when Treasury Direct was useful but my plan is to liquidate all holdings in it sooner rather than later.It's nice to read about other experiences with TD. We are in the process ( as of December 6th, 2024) of TD receiving the documents for transferring my parent's account to the trust account they set up upon their passing. It's been just 2 months, but I have questions about what happens to the TBills that mature while the transfer process continues. Do those funds get put into an interest-earning account? Before my mother passed away, the money would drop into her savings account when it matured, and then I would help purchase another one. But now, I wonder if these funds earn interest during this "wait" time. It doesn't seem fair that they can hold funds that do not earn interest. The other issue I have is that now that the process has started, the online account is locked out, and therefore, I cannot log on to get her 1099 for last year. I'm hoping this process doesn't take a whole year.. that seems ridiculous.
Statistics: Posted by Grt2bOutdoors — Mon Feb 17, 2025 12:03 am — Replies 157 — Views 32340