Comments on: How to buy or invest in US Savings Bonds http://www.savings-bond-advisor.com/buying-us-savings-bonds/ Tue, 07 Feb 2012 15:56:54 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/buying-us-savings-bonds/#comment-68766 Wed, 28 Apr 2010 15:10:46 +0000 http://www.savings-bond-advisor.com/buying-us-savings-bonds/#comment-68766 Rick - whether the second person named is beneficiary or co-owner makes no difference in terms of the purchase limits. However, a co-owner designation would allow either one of them to cash the bonds, while a beneficiary designation would not. Tom Adams Rick - whether the second person named is beneficiary or co-owner makes no difference in terms of the purchase limits.

However, a co-owner designation would allow either one of them to cash the bonds, while a beneficiary designation would not.

Tom Adams

]]> by: Rick http://www.savings-bond-advisor.com/buying-us-savings-bonds/#comment-68628 Tue, 27 Apr 2010 22:17:40 +0000 http://www.savings-bond-advisor.com/buying-us-savings-bonds/#comment-68628 Tom: Thanks for the advice. Would it make any difference if the husband purchased the first five $1,000 I Bonds in his name while selecting his wife as the beneficiary (instead as co-owner)---and vice versa? As far as the couple's daughter, I think that they are aware that the bonds can't be redeemed for one year. I believe that they may cash those bonds in before next year's fall semester. Tom: Thanks for the advice. Would it make any difference if the husband purchased the first five $1,000 I Bonds in his name while selecting his wife as the beneficiary (instead as co-owner)—and vice versa? As far as the couple's daughter, I think that they are aware that the bonds can't be redeemed for one year. I believe that they may cash those bonds in before next year's fall semester.

]]> by: Tom Adams http://www.savings-bond-advisor.com/buying-us-savings-bonds/#comment-68613 Tue, 27 Apr 2010 20:47:08 +0000 http://www.savings-bond-advisor.com/buying-us-savings-bonds/#comment-68613 Rick - since there is a $5,000 annual limit per Social Security Number, they will <i>have</i> to buy half in his name and half in her name. They can make each other co-owners. The bonds can't be cashed for a year, so if they want to use this money for their daughter in the fall I bonds may not be the best investment for them. Tom Adams Rick - since there is a $5,000 annual limit per Social Security Number, they will have to buy half in his name and half in her name. They can make each other co-owners.

The bonds can't be cashed for a year, so if they want to use this money for their daughter in the fall I bonds may not be the best investment for them.

Tom Adams

]]> by: Rick http://www.savings-bond-advisor.com/buying-us-savings-bonds/#comment-68400 Mon, 26 Apr 2010 19:27:09 +0000 http://www.savings-bond-advisor.com/buying-us-savings-bonds/#comment-68400 Tom: If a married couple decides to purchase ten $1,000 Series I Bonds before the end of April 2010, what is the best way for them to do so? Should they just be co-owners of those ten bonds or should each of them purchase half in his name and the other half in her name? Moreover, their daughter will be attending college in the fall so I'm sure that they are eyeing the education tax exclusion too. Tom: If a married couple decides to purchase ten $1,000 Series I Bonds before the end of April 2010, what is the best way for them to do so? Should they just be co-owners of those ten bonds or should each of them purchase half in his name and the other half in her name? Moreover, their daughter will be attending college in the fall so I'm sure that they are eyeing the education tax exclusion too.

]]> by: Art Reed http://www.savings-bond-advisor.com/buying-us-savings-bonds/#comment-64459 Mon, 29 Mar 2010 21:52:57 +0000 http://www.savings-bond-advisor.com/buying-us-savings-bonds/#comment-64459 A few days ago I attempted to purchase a $100 ($50 cash) series EE bond for my niece's birthday. I was in a Harris bank (where my checking account is). I was paying cash ($50) the cashier would not "sell" me this bond unless I presented her with a state (Illinois) issued ID/Drivers licence with my photo. I refused, she conferred with the cashier at the next station, who agreed with her. I left and went to Northern Trust Bank and purchased bond with absolutely no restrictions. Yes, the application was completely filled out. A few days ago I attempted to purchase a $100 ($50 cash) series EE bond for my niece's birthday. I was in a Harris bank (where my checking account is). I was paying cash ($50) the cashier would not "sell" me this bond unless I presented her with a state (Illinois) issued ID/Drivers licence with my photo. I refused, she conferred with the cashier at the next station, who agreed with her. I left and went to Northern Trust Bank and purchased bond with absolutely no restrictions. Yes, the application was completely filled out.

]]> by: Tom Adams http://www.savings-bond-advisor.com/buying-us-savings-bonds/#comment-43138 Thu, 18 Jun 2009 16:40:05 +0000 http://www.savings-bond-advisor.com/buying-us-savings-bonds/#comment-43138 Chirag - This site is about U.S. Savings Bonds. "Tax Savings Bonds" are offered in other countries, but I don't know anything about them. There are no U.S. Savings Bonds that can currently compete with bank interest on a one-year basis. Tom Adams Chirag - This site is about U.S. Savings Bonds. "Tax Savings Bonds" are offered in other countries, but I don't know anything about them. There are no U.S. Savings Bonds that can currently compete with bank interest on a one-year basis.

Tom Adams

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