US Savings Bonds/Stinker bonds

State Treasuers move from suit to legislation in an attempt to get control of stinker bonds.

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I have been told that IRS is now imposing a penalty if Savings Bonds are not redeemed when they no longer draw interest. Is this true?

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What happens if you simply hold a Savings Bond after it reaches final maturity?

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My parents have a number of Series E bonds. Can you tell me when they stop earning interest?

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Kathy Matheson of the Asbury Park Press has published an article, N.J. wants to generate interest, but critics see an ulterior motive, about the state treasurers who are suing the Treasury over stinker bonds - unredeemed Savings Bonds that have stopped earning interest.

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Seven out of ten of the people hold Savings Bonds that have stopped earning interest because they don't want to pay income tax on the interest. From a financial and tax standpoint, keeping these stinkers is an appallingly bad decision.

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Update on State Treasurers suit against US Treasury over unclaimed Savings Bonds.

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Talk Radio reports that states are taking Savings Bonds away from their owners.

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Is there a penalty incurred for not cashing in E bonds when they mature?

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We have found a shoebox full of approximately $100,000 worth of Series E bonds under the bed of our aging mother. A lot of them matured 20 years ago. Can you advise me on the best way to cash these bonds in?

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Update on State Treasurers suit against US Treasury over unclaimed Savings Bonds.

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