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Savings Bonds?
Savings Bonds?
What should I do with Savings Bonds after they have hit Maturity. Some tell me to leave them alone and some tell me to cash it in and get new Savings Bonds with them? It's my 6 years old son- his great-grandma gives Savings Bonds for his Birthday every year
Answers:
Montana: savings bonds are a poor investment right now I cashed mine and put the money in cds much better return five year maturity, savings bonds are 15 yrs or more
2006-04-29 08:51:47
2006-04-29 08:51:47
mothergooseathome@verizon.net: you should leave it alone and let it grow. So when he grows up he will have the money to go to college.
2006-04-29 08:54:41
2006-04-29 08:54:41
Jaison: Saving bond are one of the most secure way of earning money with lowest risk and returns.
If u have any idea about the stock market or some one really close to can is a stock broker u can try ur fate.
Or its better that u start a small scale business.
2006-04-29 08:58:57
If u have any idea about the stock market or some one really close to can is a stock broker u can try ur fate.
Or its better that u start a small scale business.
2006-04-29 08:58:57
Chosen Answer
CFP L.L.: You aren't earning much interest with savings bonds. The only incentive would be the no tax distribution if it's used for education expenses. It depends on the type of saving bonds though. So do more research on the particular type you have and compare the interest rates and the potential tax savings. Essentially DO THE MATH.
2006-04-29 13:24:41
CFP L.L.: You aren't earning much interest with savings bonds. The only incentive would be the no tax distribution if it's used for education expenses. It depends on the type of saving bonds though. So do more research on the particular type you have and compare the interest rates and the potential tax savings. Essentially DO THE MATH.
2006-04-29 13:24:41
mectiff: Savings Bonds need to be claimed when they hit maturity. If you don't, they will contact the Saving Bonds' owner first. If after certain trials or time, he/she is still unable to be located, one of these will happen:
1. They put the money from to old Savings Bonds to the new Saving Bonds.
2. They take the money out, then place fund to the location agreed in the contract / prospectus (maybe to charity house, hospital, cancer research etc).
3. They keep the money until somebody comes to claim it. During this time, they will be using the money without giving you any benefits (dividend etc).
However, policy changes time to time. I suggest you to check with the appropiate person to make sure what I wrote above are correct.
:->
2006-04-29 16:56:49
1. They put the money from to old Savings Bonds to the new Saving Bonds.
2. They take the money out, then place fund to the location agreed in the contract / prospectus (maybe to charity house, hospital, cancer research etc).
3. They keep the money until somebody comes to claim it. During this time, they will be using the money without giving you any benefits (dividend etc).
However, policy changes time to time. I suggest you to check with the appropiate person to make sure what I wrote above are correct.
:->
2006-04-29 16:56:49