Splitting the I-Bond Baby
December 7, 2012 5:52 AM Subscribe
Sibling and I have inherited ten U.S. savings bonds (I series), purchased at various times and maturing in 2030-2036. We just want to divvy them up equally, but they are not naturally paired (i.e., purchased two at a time). What's fairest?
posted by Clyde Mnestra to work & money (10 answers total) 2 users marked this as a favorite
We have no experience with bonds or their valuation. Strikes me that we could divide based on price plus present accrued interest, but that would ignore (I think) the future value of the bonds with different rates/yields. At the other extreme, we could balance the value at time of final maturity, but not sure how to calculate that.
Basically, we just want to be approximately even in distributing the bonds, recognizing that some cash payment will be necessary to make up the difference. Let's put aside the possibility of selling all of them now and splitting the proceedings, and assume we want to hold them. Any other ideas?
Happy to give any other critical information, but would just as soon avoid typing out all the specs. Thanks!