Comments on: Saving for college with U.S. Savings Bonds http://www.savings-bond-advisor.com/saving-for-college-with-savings-bonds/ Wed, 03 Dec 2008 23:43:56 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/saving-for-college-with-savings-bonds/#comment-25933 Tue, 19 Aug 2008 13:37:58 +0000 http://www.savings-bond-advisor.com/saving-for-college-with-savings-bonds/#comment-25933 Margo - you can't specify both a co-owner and a beneficiary. The reason is "they've always done it that way." Savings Bonds allow only one or the other. Either your husband can be co-owner or your son can be beneficiary. Just don't make your son a co-owner, because that would make the bond ineligible for the education deduction. Tom Adams Margo - you can't specify both a co-owner and a beneficiary. The reason is "they've always done it that way."

Savings Bonds allow only one or the other. Either your husband can be co-owner or your son can be beneficiary. Just don't make your son a co-owner, because that would make the bond ineligible for the education deduction.

Tom Adams

]]> by: Margo http://www.savings-bond-advisor.com/saving-for-college-with-savings-bonds/#comment-25881 Mon, 18 Aug 2008 17:56:13 +0000 http://www.savings-bond-advisor.com/saving-for-college-with-savings-bonds/#comment-25881 I would like to buy bonds to save for my son's college expenses in the future. Is it possible to make bonds payable to me and my husband with a beneficiary as my son and we would still be able to use the credit for college expenses in a future (given that we meet all the criteria) Or is there a better way to make sure the bonds are payable to? I wanted to buy bonds recently, but my local bank told me that I can only have either a co-owner (no beneficiary) or beneficiary - no co-owner. Is this true? Why can't specify both? I would like to buy bonds to save for my son's college expenses in the future. Is it possible to make bonds payable to me and my husband with a beneficiary as my son and we would still be able to use the credit for college expenses in a future (given that we meet all the criteria) Or is there a better way to make sure the bonds are payable to?
I wanted to buy bonds recently, but my local bank told me that I can only have either a co-owner (no beneficiary) or beneficiary - no co-owner. Is this true? Why can't specify both?

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