Tuesday, December 13, 2022

Converting Paper Savings Bonds

Dear Customer,

This is a system generated email to communicate we received your Savings Bonds/Treasury Marketable Securities materials.

Cases are worked in the order they are received in our office. Your request is important to us and will receive attention as soon as possible. Please allow up to 13 weeks for review and processing. If we require additional information, we will contact you. Thank you for your patience.


Up to 13 weeks? Ouch. The wheels on the governmental bureaucratic bus go round and round, round and round, round and round.

33 comments:

Shookie said...

Wow!

Mr Slippery said...

Back in the day, I took my paper bonds to my local bank and they were able to cash them out. All my current bonds are recorded on the private Treasury blockchain (haha).

Hope you didn't need the money soon.

Stagflationary Mark said...

My bank sold them to me but will not cash them.

Was hoping to cash some in January. I have electronic ones I can cash instead, but they aren’t the ones I would have preferred.

It took a week just to acknowledge that they received the shipment (was sent with overnight delivery). Would be less stressful if they acknowledged what was actually inside that shipment. It was a lot of bonds.

Anonymous said...

I had my bonds converted a few years ago. It took a long time. I’m thinking 8 to 12 weeks.

Anonymous said...

Don't contact them, they will contact you.

Pegs your confidence meter doesn't it?

Stagflationary Mark said...

Don't contact them, they will contact you.

The IRS contacted me once. It was a very thick letter. My tax preparer successfully resolved the issue on my behalf. It was just a misunderstanding. I had transferred paper treasuries that I bought directly from our government into electronic form managed by our government and our government apparently got a bit confused by its own tax implications.

I don’t want to be contacted again. I really, really don’t, lol.

Who Struck John said...

Well, next year they will hire 87,000 more people to potentially contact you. They won't go after the rich, because the rich can afford lawyers and CPAs. They won't go after the poor, because the poor don't have money. Guess who that leaves?

Stagflationary Mark said...

https://youtu.be/VmW-ScmGRMA

Anonymous said...

I’m hoping they’ll see my tax bill and realize I pay so much that nothing could possibly be left!

Stagflationary Mark said...

Mid-November Rally Prediction: Charts suggest the market could rally through mid-December, Jim Cramer says

https://www.cnbc.com/2022/11/15/cramer-charts-suggest-the-market-could-rally-through-mid-december.html

Cramer said that the likely impending Santa Claus rally, seasonal gains in the stock market during the winter holiday period, could set the market up for a sustained run.

Mid-December Rally Results:

https://youtu.be/2vNX92GW46E

The Cramer Says game is much more entertaining than the Simon Says game, lol.

Anonymous said...

"likely impending" ?

cramers next sure thing, maybe.

Mr Slippery said...

Here's my IRS story.

Came home to find a card inserted into my door that said IRS and had an agent name and number to call. At first, I thought it was a joke, but I looked up the form number and it was valid.

Then, I read that personal visits by an agent meant the IRS believed you owed over $10k. After a brief panic, I contact a tax attorney who said call them and see what they want. I call, and they want information on my next door neighbor, who had quickly and quietly sold their house and moved out of town two weeks prior.

Big relief for me, but the neighbor was still in hot do-do.

Stagflationary Mark said...

You:

…personal visits by an agent…

Me:

https://youtu.be/3AVlXX8RYWo

Shookie said...

Ha! That video is like me and retirement. Just one more crank, then it will happen!

Stagflationary Mark said...

Shookie,

Don’t lose hope!

https://youtu.be/gHdDxKy2QW0

You’re almost there! ;)

Shookie said...

:)

Anonymous said...

I had planned to buy EDV when TLT got back down to 103, but decided not to push my luck and wait for TLT to hit 100. So TLT hit 100 today and I bought some EDV around 83.75. I will add some more if it hits 80.

TLT could go back down to test the 92 to 95 range, but I hope not. That would be painful as EDV would fall to around 76.

Stagflationary Mark said...

2022: The Year of Licking Wounds

River, our German Shepherd, has a wounded foot right now. And then there’s TLT.

Anonymous said...

Wow. Really sorry to hear about River. Hope River makes a quick recovery

Stagflationary Mark said...

No worries. She probably stepped on a thorn. There’s some blood. We’re soaking her foot and wrapping it. Been there, done that.

Shouldn’t need a vet, nor a cone.

Late at night on Christmas Eve, Cocoa (our smaller dog) was trembling and acting very lethargic. She would have gone to the emergency vet, if any would have taken her. On Christmas day, she was totally fine though. Crisis averted.

I guess Dexter (our cat) is next. He’ll probably time it for New Year’s eve, lol. Knock on wood. *cringe*

Anonymous said...

Haha. My friend’s retriever was acting very unusually. Wouldn’t touch his chew treats day after day. They take him to the vet. The vet can’t find anything wrong. They get home and the dog immediately starts chewing his treats.

Stagflationary Mark said...

Probably just needed the vet to give the retriever a motivational “pup” talk. ;)

Anonymous said...

I don’t normally brag about my expensive trips, but I just got back from the vet.

Who Struck John said...

No more vet trips. Both old kitties passed away, one in November 2020 and the other in June 2022.

Stagflationary Mark said...

I’m so sorry.

Are you thinking of getting more? Maybe a kitten?

My mom was 87 when I twisted her arm into getting a puppy. When she was no longer able to care for the dog at age 90, we took her. There was a month long reunion in my mom’s final days at age 93. No regrets at all.

And that is Cocoa’s backstory.

Who Struck John said...

No, I took them in to save their lives and give them a decent old age. I am not going to recruit new cats - or at least, not before retirement. Since I'll probably have to work until I die ...

Anonymous said...

Does Cocoa get enough exercise?

Stagflationary Mark said...

Do you generally ask parents if their children are getting enough exercise? And if so, what’s their usual reaction to that?

Cocoa is a senior Shih Tzu. She eats 3 precisely measured meals per day, and isn’t overweight. I’d say we’re doing okay. Unlike River, all she wants to do is be a lap dog and play with her toys. It’s a far better life than many get, people included.

Anonymous said...

I only ask because some breeds need more exercise, terrier's for instance, or they can show some of the symptoms you described, like trembling.

Stagflationary Mark said...

It was just a one day thing. She’s back to normal.

If I has to guess, she jumped off the couch and landed wrong.

We got her stairs for the couch but we can’t get her to use them. We also got her stairs for the bed, which we were able to train her to use. The bed’s taller so she’s more motivated not to make that leap.

I also had a dachshund-terrier mix. She jumped off the bed wrong one day, and then she refused to do anything but sit. That caused an emergency trip to her vet. Fortunately, she was much better the next day, and fine a few days later. Was scary though.

Anonymous said...

How about that VIX? Clearly smooth sailing ahead! Lol

Stagflationary Mark said...

We’re currently in the sweet spot, otherwise known as the PPPPP (post-panic pre-panic period)!

Anonymous said...

Haha. You should tradeMARK that!