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Omaha Steve

(99,622 posts) Tue Oct 20, 2015, 09:08 PM Oct 2015

New Mexico thrift-store workers find $290,000 in bonds

Source: Omaha World Herald-AP

TRUTH OR CONSEQUENCES, N.M. (AP) — Two thrift-store workers in Truth or Consequences found more than clothes and knickknacks in the donation box, instead finding an envelope stuffed with $290,000 in U.S. savings bonds.

The Albuquerque Journal reports (http://bit.ly/1jRQGML ) that an employee of the Community Health Foundation Thrift store found the envelope while sifting through donated items. The manager called the police and turned the bonds over to an officer who happened to know the man in whose name the bonds were subscribed.

Police say they contacted the man, who recalled the exact amount of the bonds and said he was unaware his personal property had been donated. He had recently been moved into an assisted living center and an advocacy group acting as his guardian had cleaned out his apartment.

Read more: http://www.omaha.com/news/nation/new-mexico-thrift-store-workers-find-in-bonds/article_674342a8-96a3-5e07-a098-bcb1e2e2b33f.html

11 replies

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Highlight:

New Mexico thrift-store workers find $290,000 in bonds (Original Post) Omaha Steve Oct 2015 OP

Non-negotiable instruments anyway houston16revival Oct 2015 #1

US Savings Bonds are exempt from state taxes wolfie001 Oct 2015 #3

But not exempt from Medicare Countable Assets houston16revival Oct 2015 #4

He knew the exact amount of the bonds, according to the article. No Vested Interest Oct 2015 #8

sounds like the assisted living move might not have been his idea dembotoz Oct 2015 #2

Assisted living - Maybe not his idea, but not so bad. No Vested Interest Oct 2015 #9

That advocacy group isn't advocating for him very well bigworld Oct 2015 #5

No kidding. enlightenment Oct 2015 #6

"He had recently been moved..." Wonder who did that? AnotherDreamWeaver Oct 2015 #7

The name of the city in the story couldn't be any more ironic davidpdx Oct 2015 #10

I'm gonna pop some tags...nt Javaman Oct 2015 #11

houston16revival

(953 posts)

1. Non-negotiable instruments anyway

Reply to Omaha Steve (Original post)

Tue Oct 20, 2015, 09:14 PM

Oct 2015

Probably going to be a big tax bill!

wolfie001

(2,227 posts)

3. US Savings Bonds are exempt from state taxes

Reply to houston16revival (Reply #1)

Tue Oct 20, 2015, 09:22 PM

Oct 2015

That's a positive

houston16revival

(953 posts)

4. But not exempt from Medicare Countable Assets

Reply to wolfie001 (Reply #3)

Tue Oct 20, 2015, 09:42 PM

Oct 2015

which makes tossing them all the more bizarre

The Feds would eventually find out, even if they went unclaimed

At maximum care in a dementia unit that might last 25 maybe 30 months

No Vested Interest

(5,166 posts)

8. He knew the exact amount of the bonds, according to the article.

Reply to houston16revival (Reply #4)

Wed Oct 21, 2015, 12:15 AM

Oct 2015

Doesn't sound like dementia.
Numerical skills are among the first to go.

At least he's in assisted living, costing much less than nursing care.

dembotoz

(16,802 posts)

2. sounds like the assisted living move might not have been his idea

Reply to Omaha Steve (Original post)

Tue Oct 20, 2015, 09:18 PM

Oct 2015

sucks to get old

as our population ages we need to find good ways to care the the population that is growing infirm.

not sure assisted living is a good option

think i would prefer a trip to a gun shop for a quicker alternative

No Vested Interest

(5,166 posts)

9. Assisted living - Maybe not his idea, but not so bad.

Reply to dembotoz (Reply #2)

Wed Oct 21, 2015, 12:21 AM

Oct 2015

Still a lot of autonomy left in assisted living.
Many people thrive in assisted or independent living, as compared to isolation of living alone, not eating well, etc.

I hope the gentleman adjusts well and has length of days, enjoying the fruits of his labors.