Being the founder of the Mathmatecum, I knew from its inception that it would be necessary to make the disparities between the youngest and the oldest members as equitable as possible. I think that has been accomplished. It became apparent to me that once people started joining the Mathmatecum they would be doing that on any given day during the year. Trying to determine how much income they would be entitled to in any given year would be a most burdensome calculation to make. So, it was decided that regardless of when a person joined the Mathmatecum, whether it was the first day of the year or the last day of the year they would receive the same remuneration as any other member. Now that we are in November people who join the Mathmatecum between now and December 31st will receive a full year’s income. With Christmas being near it is a perfect time to give memberships as gifts because new members will receive a check prior to February 15, 2024 and not have a long wait to reap their yearly reward! Who could not love that?
Once again, a reminder that I bonds purchased between now and 4/30/2024 have a fixed interest rate of 1.3% – the highest fixed rate in the last twenty years. That rate is good for the life of the bond which is thirty years. The full rate on I bonds purchased between now and 4/30/2024 is 5.27% for a full six months.
JAI BABA
TTFN
JU
