Comments on: How Series EE Savings Bond interest rates work http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/ Fri, 18 May 2012 01:59:38 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/#comment-72432 Mon, 31 May 2010 12:45:32 +0000 http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/#comment-72432 Diana - the information you're looking for is <a href="http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/" rel="nofollow">here</a>. Tom Adams Diana - the information you're looking for is here.

Tom Adams

]]> by: diana rintala http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/#comment-72358 Sun, 30 May 2010 18:41:56 +0000 http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/#comment-72358 Where does a person cash in the EE bonds? At a bank or a credit union? Or does it have to go through the US treasury? Thank you. Diana Where does a person cash in the EE bonds? At a bank or a credit union? Or does it have to go through the US treasury?
Thank you. Diana

]]> by: Tom Adams http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/#comment-71524 Mon, 24 May 2010 14:38:06 +0000 http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/#comment-71524 Hi Denise - Changing the name on the bonds from your children to you is a taxable event, so that won't gain you anything. Basically, the bonds aren't registered correctly to be eligible for the college tax exemption. There's more info <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 Hi Denise - Changing the name on the bonds from your children to you is a taxable event, so that won't gain you anything. Basically, the bonds aren't registered correctly to be eligible for the college tax exemption. There's more info here.

Tom Adams

]]> by: Denise http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/#comment-71371 Sat, 22 May 2010 02:56:17 +0000 http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/#comment-71371 Hello Tom My husband purchased 170 EE bonds between 1987 and 1991 for our two children. He died in 1991 and I have not yet attempted to cash in any of the bonds. The names on the bonds are either my daughter's name or my son's (she has more than him since she was born first). A statement at the bottom reads POD to my husband (who is now deceased). I would like to cash these in at their peak value and not pay federal taxes if at all possible. If I wait until their peak value, my children will be out of college (they are both in college now). Do I have to have all 170 of these bonds changed to my name first before I can get the education exemption. Or should I just wait until the 30 years and have them cash them in. I am not certain, but I think I am right at the gross adjusted income to not allow the exemption. Hello Tom

My husband purchased 170 EE bonds between 1987 and 1991 for our two children. He died in 1991 and I have not yet attempted to cash in any of the bonds. The names on the bonds are either my daughter's name or my son's (she has more than him since she was born first). A statement at the bottom reads POD to my husband (who is now deceased). I would like to cash these in at their peak value and not pay federal taxes if at all possible. If I wait until their peak value, my children will be out of college (they are both in college now). Do I have to have all 170 of these bonds changed to my name first before I can get the education exemption. Or should I just wait until the 30 years and have them cash them in. I am not certain, but I think I am right at the gross adjusted income to not allow the exemption.

]]> by: Tom Adams http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/#comment-70754 Mon, 17 May 2010 13:31:57 +0000 http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/#comment-70754 Julie - with an EE bond, the $400 would become $800 in 20 years. With an I bond it would probably happen faster than that, but it's not guaranteed the way it is with EE bonds. If you expect your kids to go to college you might look into a Qualified Tuition Plan as a way to save for that, but it's difficult to say that's better than Savings Bonds. It just another option. Tom Adams Julie - with an EE bond, the $400 would become $800 in 20 years. With an I bond it would probably happen faster than that, but it's not guaranteed the way it is with EE bonds.

If you expect your kids to go to college you might look into a Qualified Tuition Plan as a way to save for that, but it's difficult to say that's better than Savings Bonds. It just another option.

Tom Adams

]]> by: Julie Parker http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/#comment-70382 Fri, 14 May 2010 23:24:52 +0000 http://www.savings-bond-advisor.com/series-ee-savings-bond-interest-rates/#comment-70382 Hello- I'm 25, my daughter is 8 and my son is 8 months old. I am clueless when it comes to savings bonds. It seems like I should go with the I bond? My daughter received $600 from her birthday party and I was going to use $400 to buy savings bonds for her. So when she is 28 she will have $800? Are savings bonds the best investment for my kids or should I look into something else? Thank you. Hello-
I'm 25, my daughter is 8 and my son is 8 months old. I am clueless when it comes to savings bonds. It seems like I should go with the I bond? My daughter received $600 from her birthday party and I was going to use $400 to buy savings bonds for her. So when she is 28 she will have $800? Are savings bonds the best investment for my kids or should I look into something else? Thank you.

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