Comments on: Do Savings Bonds have to mature before I can cash them? http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/ Tue, 07 Sep 2010 19:54:34 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-69863 Wed, 05 May 2010 20:45:10 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-69863 Lynne - Either of you can cash the bonds. The one who does will get the 1099-INT declaring the interest as income for tax purposes. So the one of you with the lowest tax rate should cash them. Tom Adams Lynne - Either of you can cash the bonds. The one who does will get the 1099-INT declaring the interest as income for tax purposes. So the one of you with the lowest tax rate should cash them.

Tom Adams

]]> by: L ynne B http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-69751 Tue, 04 May 2010 15:32:15 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-69751 My son has some EE bonds that he wants me to cash in for him to help pay some school bills. His name is on it but at the bottom it says OR and my name, can I cash them for him or does he have to do it? He is 18. My son has some EE bonds that he wants me to cash in for him to help pay some school bills. His name is on it but at the bottom it says OR and my name, can I cash them for him or does he have to do it? He is 18.

]]> by: Tom Adams http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-67231 Tue, 20 Apr 2010 13:39:00 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-67231 Lauren - A custodial parent can sign for a child, so it's possible your parents cashed the bonds for you. But you should follow the procedure <a href="http://www.savings-bond-advisor.com/list-of-us-savings-bonds-by-ssn/" rel="nofollow">here</a> to check. Tom Adams Lauren - A custodial parent can sign for a child, so it's possible your parents cashed the bonds for you. But you should follow the procedure here to check.

Tom Adams

]]> by: lauren http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-67133 Tue, 20 Apr 2010 01:32:39 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-67133 If my grandmother who passed a few years back always gave my brother and i savings bonds for holidays and i just found some that said gift certifficate but none of them have receipts listed for them what do i do? If someone in my family cashed them with out me knowing is that leagal? and if they have not been cashed in how would i redeam the receipt? If my grandmother who passed a few years back always gave my brother and i savings bonds for holidays and i just found some that said gift certifficate but none of them have receipts listed for them what do i do? If someone in my family cashed them with out me knowing is that leagal? and if they have not been cashed in how would i redeam the receipt?

]]> by: Tom Adams http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-65760 Fri, 09 Apr 2010 15:25:30 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-65760 Karen - If you name appears <i>after</i> the POD, that means you're the beneficiary if your daughter dies, but gives you no rights to the bonds now. So, your daughter's signature is required to cash the bonds. However, if your daughter is a minor and you are a custodial parent, you can sign for her. I would not recommend changing them to your name for the college education deduction. There's more info <a href="http://www.savings-bond-advisor.com/changing-a-savings-bonds-owner/" rel="nofollow">here</a>. Tom Adams Karen - If you name appears after the POD, that means you're the beneficiary if your daughter dies, but gives you no rights to the bonds now.

So, your daughter's signature is required to cash the bonds. However, if your daughter is a minor and you are a custodial parent, you can sign for her.

I would not recommend changing them to your name for the college education deduction. There's more info here.

Tom Adams

]]> by: Karen http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-65680 Fri, 09 Apr 2010 03:09:26 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-65680 My father baught several savings bonds (EE)for my daughter. They show "to" her but my name shows a""POD" at the bottom. My daughter is not yet 18. Whose signature is required to cash them? How do I go about having them converted to my name so that they can be used towards her college education later tax deferred? My father baught several savings bonds (EE)for my daughter. They show "to" her but my name shows a""POD" at the bottom. My daughter is not yet 18. Whose signature is required to cash them? How do I go about having them converted to my name so that they can be used towards her college education later tax deferred?

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