Comments on: Do Savings Bonds have to mature before I can cash them? http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/ Thu, 11 Mar 2010 06:45:31 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-46623 Mon, 24 Aug 2009 16:41:54 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-46623 Susan - interest is paid in six-month cycles on the 1st day of the issue month and the first day of the month six months later. So it's best, for example, to cash a December bond issued before 1997 in December or June. For bonds issued after that it doesn't matter. There are a few other considerations besides this one in picking the best bonds to cash. If you have an investment larger than $10,000 it would pay you to spend a weekend reading my book. Tom Adams Susan - interest is paid in six-month cycles on the 1st day of the issue month and the first day of the month six months later.

So it's best, for example, to cash a December bond issued before 1997 in December or June. For bonds issued after that it doesn't matter.

There are a few other considerations besides this one in picking the best bonds to cash. If you have an investment larger than $10,000 it would pay you to spend a weekend reading my book.

Tom Adams

]]> by: Susan Cesco http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-46612 Mon, 24 Aug 2009 02:35:52 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-46612 I'm trying to decide the best time to cash in my savings bonds (to avoid the six-month interest penalty). I'm trying to decide the best time to cash in my savings bonds (to avoid the six-month interest penalty).

]]> by: Tom Adams http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-46209 Tue, 18 Aug 2009 14:59:54 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-46209 Joan - There's no short answer to the question of which ones to cash first. My book goes into detail on this. I think at this point the EE bonds are your best investment choice - you're expecting to spend it all in the next four years, right? You are aware that you may be eligible for a tax deduction since you're spending the money on a dependent's college education? There's more info on this <a href="http://www.savings-bond-advisor.com/the-fine-print-of-the-us-savings-bond-college-education-deduction/" rel="nofollow">here</a>. Tom Adams Joan - There's no short answer to the question of which ones to cash first. My book goes into detail on this.

I think at this point the EE bonds are your best investment choice - you're expecting to spend it all in the next four years, right?

You are aware that you may be eligible for a tax deduction since you're spending the money on a dependent's college education? There's more info on this here.

Tom Adams

]]> by: Joan Ermert http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-46144 Mon, 17 Aug 2009 17:23:34 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-46144 What is the mature rate for a savings EE bond? I've been purchasing bonds for my son's education since he was born....he's now ready to go to college and I was wondering which ones should be cashed first. Is there a better option for saving for the rest of his education? Would cashing in the Series EE bonds I have and investing in another avenue be a better choice? What is the mature rate for a savings EE bond? I've been purchasing bonds for my son's education since he was born….he's now ready to go to college and I was wondering which ones should be cashed first.

Is there a better option for saving for the rest of his education? Would cashing in the Series EE bonds I have and investing in another avenue be a better choice?

]]> by: Tom Adams http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-39437 Mon, 27 Apr 2009 15:18:09 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-39437 Deborah - the bonds earn interest for 30 years. There are typically a lot of family emotions connected to Savings Bond gifts that make the cashing decision difficult and there is no best choice for everyone. Tom Adams Deborah - the bonds earn interest for 30 years. There are typically a lot of family emotions connected to Savings Bond gifts that make the cashing decision difficult and there is no best choice for everyone.

Tom Adams

]]> by: Debora Clark http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-39353 Fri, 24 Apr 2009 14:43:56 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-for-college/#comment-39353 My children recieved saving bonds as gifts for thier birthdays and Christmas. One is still in college and the other has her degree. Should they cash the bonds in or hang on to them for a rainy day? Most are EE series. My children recieved saving bonds as gifts for thier birthdays and Christmas. One is still in college and the other has her degree. Should they cash the bonds in or hang on to them for a rainy day? Most are EE series.

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