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SAN ANTONIO SAN ANTONIO
MEDICINE MEDICINE
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Royal authorities. She tried to help the condi- bed, leaving on only a few occasions. Never- and ordered her to clean out the wards. Dr. Protect and Grow Your Money
tions of the poorer classes in London by or- theless, she was honored by Queen Victoria Barry died in London at the age of 70. When
ganizing charity events. for her efforts. She founded the first school of being prepared for autopsy or burial, it was fi-
In 1836, she went to Germany to study in nursing in the United Kingdom and was in- nally discovered that “he was a she.” with Series I Savings Bonds
the only nursing school in existence in Eu- strumental in the introduction of the Red
rope at that time, but found it inadequate Cross in that country. Today we associate the Elizabeth Blackwell, First American
and unsatisfactory, leaving after a few honorable nursing profession to her name and Woman Doctor By Brian T. Boswell, CFP®, QKA
months. Then in 1854 came the Crimean her powerful influence in English society for A small upper New York College, Geneva,
War, where England, France and Turkey the benefit of patients. had a medical school around 1854. New stu- ne of the ripple effects of the pan- bonds exist or don’t act upon this knowledge.
fought against Russia. For England, the war dents were selected by the faculty and/or the O demic is that interest rates are In fact, I-bonds only represent about 0.2% of
brought only two good things: Lord Ten- James Miranda Barry administration for enrollment in the medical currently lower than inflation, the current total amount of U.S. government
nyson’s “The Charge of the Light Brigade” Yes, this is the same British officer who pres- school.
meaning traditional savings accounts might bonds. Learn more about I-bonds to decide if
epic poem, and the professional maturity of sured Florence Nightingale to clean up the One year, the student body requested the
not be keeping up with inflation. Instead, the this excellent, lesser-known long-term savings
Florence Nightingale. For the English army, wards at the Scutari Hospital in the Crimean right to select the new admissions themselves.
purchasing power of your savings can go down solution is right for you.
it brought nothing but disasters, pain and War. But in reality, he was born Margaret Ann As a concession, the faculty was allowed to se-
over time. With interest rates so low, savings
death due to the incompetence of its gener- Bulkley in 1785 in Cork, Southern Ireland. lect only one. The students thought it a joke How do I-bonds work?
products such as nominal Treasuries, certifi-
als. Their wounded were piled in a so-called From an early age, she wanted to become a and responded, selecting Elizabeth Blackwell,
cates of deposit and money market accounts You can purchase I-bonds at face value for
hospital in Northern Turkey, where dirt, ver- doctor but women were not admitted to med- who had been rejected by all the medical
often earn a negative interest over time. a minimum of $25 and an annual maximum
min and discharges were causing a 40% mor- ical schools at that time. Excuses for the pro- schools she had applied to. She entered their
Protecting your financial security as a busy of $10,000 per person from the Treasury. For
tality rate among the wounded soldiers. hibition were often off-the-wall and freshman class. Geneva’s residents thought she
physician is crucial and challenging. Series I example, you could pay $100 for a $100 I-
Florence Nightingale prevailed over the outlandish. Some examples follow: must be “mad or bad” and shunned her from
savings bonds (I-bonds) are a low-risk product bond, and if you have four people in your
British War Minister because of her contacts No decent girl should be exposed to a naked all social gatherings in the homes of faculty
that can help you protect your savings from in- household, you could purchase up to $40,000
through her family with the Prime Minister, body, particularly of a male until her marriage, members and other town notables. Neverthe-
flation and earn a more attractive rate than total in I-bonds per year. You can also purchase
and she was allowed to go to Crimea to care and then sometimes not even then. It was also less, she graduated at the head of her class.
you would through traditional savings ac- multiple I-bonds in varying amounts up to the
for the wounded. She recruited 38 gentle- said that a woman was prone to “fainting spells,” After graduation, she went to England to re-
counts. annual maximum purchase threshold if you
women to go with her for that purpose. which was probably based on evidence given in fine her skills and knowledge. After a year or
want to cash your bonds at different times or
Upon arrival, they proceeded to change romantic novels or theatrical melodramas. two she returned to New York City where, What are I-bonds? for different reasons. An additional $5,000 of
bandages, prepare food and visit with the pa- So, disguised as a boy, she went by the name with another woman graduate, founded a
The U.S. Treasury introduced I-bonds in bonds can be purchased in paper form but
tients. Her rounds at night with an oil lamp of James Miranda Barry, and enrolled in the clinic for the treatment of women and
1998 as a safe way for Americans to get a only through the proceedings of your federal
in hand made the soldiers call her “The Lady Medical School in Edinburgh. Graduating as women’s medical problems. Incidentally, the
meaningful return on their savings directly income tax refund check. missions. I-bonds are a great alternative to
with the Lamp.” The sobriquet persisted for a doctor, she joined the British Army and was medical school in Paris began accepting
from the government. Today, you can pur- The minimum term of ownership for an I- bank accounts, mutual funds and other bonds
years to come. posted in different parts of the Empire. Serv- women in 1865, but few, if any, applied until
chase electronic I-bonds with a Treasury Di- bond is one year, but the interest-earning pe- and savings solutions.
Unfortunately, the 40% mortality rate per- ing in South Africa, she performed the first years later. Yale and Harvard did not admit
rect account or paper I-bonds with your IRS riod lasts up to 30 years or until you cash
sisted. This prompted a visit from James Mi- Cesarean section in the continent where both women to their medical schools until after
tax refund. I-bonds are typically used to fi- them, whichever comes first. If you cash your *The information contained in this article
randa Barry, the Assistant High Medical mother and child survived. She became too World War II, which ended in 1945.
nance education or supplement retirement in- I-bond before five years, you forfeit three represents the opinion of Oakwell Private
Inspector for the British Army. Mounted on friendly with the governor in Cape Town, and It is estimated that today, 50% of physi-
come, but they are increasingly being utilized months’ worth of interest as an early with- Wealth Management and should not be con-
a high horse, Florence was ordered to clean the gossip in London was suspicious of a ho- cians in the United Kingdom and in the
as an inflation hedge. drawal penalty. strued as personalized or individualized in-
the place from dirt, excretions, and vermin mosexual liaison. The governor, Lord Somer- United States are women. To the best of our
The current annual interest rate for I-bonds Any interest earned on your I-bonds is tax- vestment advice.
and stop worrying about the bandages. At set, was recalled to London and Dr. Barry was knowledge, none of them suffer fainting
is 7.12%, and if inflation continues to rise, the deferred until the interest-earning period ends.
first, she resisted, but Miranda Barry was un- transferred to Jamaica, where she acquired a spells and if they so wish, are able have the
I-bond rate will go up accordingly. This built- If you cash and use your I-bond to pay for Brian T. Boswell, CFP®, QKA is a
yielding and unimpressed about her family loyal manservant who never knew her real children they want.
in protection against inflation rates means the qualifying higher education expenses in the Sr. Private Wealth Advisor and Part-
connections. She obeyed and proceeded to identity until her death.
purchasing power of your savings is guaran- same calendar year, the interest is also exempt ner with Oakwell Private Wealth
vigorous cleaning, helping drop the mortality Dr. Barry was promoted to Assistant Chief Jaime Pankowsky, MD, FACS is
teed to stay the same and may potentially even from federal taxes. Management. Oakwell Private Wealth Man-
rate to 15%. Medical Officer of the British army with a retired and a life member of the
increase over time. Since you purchase I-bonds directly from agement is a Gold Circle of Friends sponsor.
Upon returning to England, she suffered a rank of brigadier general. In that position, she Bexar County Medical Society.
While I-bonds are not a new savings prod- the government and not through a financial
nervous breakdown and was confined to her confronted Florence Nightingale in Scutari
uct, many people either don’t know that I- institution or advisor, there are no fees or com-

30 SAN ANTONIO MEDICINE • February 2022 Visit us at www.bcms.org 31