Comments on: Cashing Savings Bonds internationally http://www.savings-bond-advisor.com/cashing-savings-bonds-internationally/ Sat, 21 Nov 2009 01:32:28 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/cashing-savings-bonds-internationally/#comment-31430 Mon, 24 Nov 2008 15:40:38 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-internationally/#comment-31430 Tony - "maturity" can mean either "reached face value" or "stopped paying interest". Both of these bonds are worth quite a bit more than face value but are a number of years away from when interest will end. So there's no rush to cash these. You bring up an important point that I frankly hadn't understood. The instructions for the tax form for non-U.S. citizens mentioned above states that 30% of the interest income will be withheld if you use that form, which you must if you don't have a U.S. Social Security Number. I'm going to revise the article to make that point clear. Tom Adams Tony - "maturity" can mean either "reached face value" or "stopped paying interest". Both of these bonds are worth quite a bit more than face value but are a number of years away from when interest will end. So there's no rush to cash these.

You bring up an important point that I frankly hadn't understood. The instructions for the tax form for non-U.S. citizens mentioned above states that 30% of the interest income will be withheld if you use that form, which you must if you don't have a U.S. Social Security Number. I'm going to revise the article to make that point clear.

Tom Adams

]]> by: Tony http://www.savings-bond-advisor.com/cashing-savings-bonds-internationally/#comment-31334 Sat, 22 Nov 2008 23:52:41 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-internationally/#comment-31334 We live in Canada, and my two daughters were each given U.S. Savings Bonds series EE, issue dates Nov 1988 and July 1990 as a birth gifts. If you should cash the one at full maturity now, she would pay 30% with holding tax, correct? If she can hold off till our exchange rate is closer to par, then in reality, that is all she would pay and not lose on the exchange as well. We live in Canada, and my two daughters were each given U.S. Savings Bonds series EE, issue dates Nov 1988 and July 1990 as a birth gifts. If you should cash the one at full maturity now, she would pay 30% with holding tax, correct?

If she can hold off till our exchange rate is closer to par, then in reality, that is all she would pay and not lose on the exchange as well.

]]> by: Tom Adams http://www.savings-bond-advisor.com/cashing-savings-bonds-internationally/#comment-2667 Wed, 21 Mar 2007 15:29:47 +0000 http://www.savings-bond-advisor.com/cashing-savings-bonds-internationally/#comment-2667 Here's specific information from the US Embassy in <a href="http://dublin.usembassy.gov/service/financial-services/savings-bonds.html" rel="nofollow" rel="nofollow" rel="nofollow">Ireland</a> on when and how to get your signature certified on Savings Bonds you want to redeem. Here's specific information from the US Embassy in Ireland on when and how to get your signature certified on Savings Bonds you want to redeem.

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