In three weeks, the rates on I Bonds will adjust once again. There is a great deal of uncertainty whether the rate will rise or fall! At present all of the members money is held in I Bonds due to the rate available going back to 5/1/2023. Presently rates on US government insured CD’s are above the rate then available. Depending on the new rates – a move might be necessitated. Factors to be considered are many and must await 11/1/2023.
Remembering that membership is limited and must close on 12/31/2040 if not fully subscribed earlier. My belief is that the membership will be filled before that prior date but if not, the present scenario will occur. The last new members who will undoubtedly be newborns will see them with an 80-year life expectancy with a final distribution according to the Mathmatecum plan occurring as late as 3025. Reading this I’m sure will have skeptics saying that the numbers are puffed. Well, I am presently 81, the oldest member turns 93 next month, and an extended family member turned 110 about a month ago!!
The more people that join the Mathmatecum the more accurate projections will be., I do not claim to be an actuary nor am I Nostradamus, but I will predict based on current circumstances that final distribution will be in excess of $5000 if nothing changes and an average 2% income rate is maintained.
$125 maximum cost yearly distributions and then a final distribution. This coming year will see the fifth consecutive income disbursement, three members have already received their entire membership fees.
JAI BABA
TTFN
JU
