Comments on: Which of my Savings Bonds should I cash in? http://www.savings-bond-advisor.com/which-bonds-to-cash-2/ Tue, 07 Feb 2012 15:36:40 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/which-bonds-to-cash-2/#comment-68374 Mon, 26 Apr 2010 16:02:56 +0000 http://www.savings-bond-advisor.com/which-bonds-to-cash-2/#comment-68374 Jo - Have you looked at the interest rates paid by savings accounts lately? They are near zero. Meanwhile, you're getting 4%. You'd be much better off to study up on Savings Bonds so they don't confuse you. You can do that here on this web site or you could spend a weekend reading <a href="http://www.amazon.com/dp/0976064537?tag=alert-20" rel="nofollow">my book</a>. Tom Adams Jo - Have you looked at the interest rates paid by savings accounts lately? They are near zero. Meanwhile, you're getting 4%. You'd be much better off to study up on Savings Bonds so they don't confuse you. You can do that here on this web site or you could spend a weekend reading my book.

Tom Adams

]]> by: Jo http://www.savings-bond-advisor.com/which-bonds-to-cash-2/#comment-68356 Mon, 26 Apr 2010 14:49:09 +0000 http://www.savings-bond-advisor.com/which-bonds-to-cash-2/#comment-68356 Hi. I have 17 Series EE savings bonds ranging from 1983-1999. I'm a little confused about how they accrue interest. I used a bond calculator and most of them are at a rate of 4.0. I do not currently need the money, but want to know if it is best to leave them as a bond or to cash them in and put them in a savnigs account or IRA. Help. Hi. I have 17 Series EE savings bonds ranging from 1983-1999. I'm a little confused about how they accrue interest. I used a bond calculator and most of them are at a rate of 4.0. I do not currently need the money, but want to know if it is best to leave them as a bond or to cash them in and put them in a savnigs account or IRA. Help.

]]> by: Tom Adams http://www.savings-bond-advisor.com/which-bonds-to-cash-2/#comment-64958 Fri, 02 Apr 2010 14:01:10 +0000 http://www.savings-bond-advisor.com/which-bonds-to-cash-2/#comment-64958 Mary Ann - No, the POD cannot cash a Savings Bond and he's too old for you to sign as a custodial parent. He will have to cash the bonds himself. Tom Adams Mary Ann - No, the POD cannot cash a Savings Bond and he's too old for you to sign as a custodial parent. He will have to cash the bonds himself.

Tom Adams

]]> by: Mary Ann Massard http://www.savings-bond-advisor.com/which-bonds-to-cash-2/#comment-64946 Thu, 01 Apr 2010 19:03:37 +0000 http://www.savings-bond-advisor.com/which-bonds-to-cash-2/#comment-64946 My 19 year old son has bonds that we want to cash for college. I am the beneficiary to him on the bonds. Can I cash these in for him since he is now an adult? Thanks My 19 year old son has bonds that we want to cash for college. I am the beneficiary to him on the bonds. Can I cash these in for him since he is now an adult? Thanks

]]> by: Tom Adams http://www.savings-bond-advisor.com/which-bonds-to-cash-2/#comment-59759 Wed, 24 Feb 2010 14:49:39 +0000 http://www.savings-bond-advisor.com/which-bonds-to-cash-2/#comment-59759 Carol - there is no option to defer the tax. There are two reasons to cash the bonds now. a. The IRS says the tax is due in the year the bonds stop earning interest whether you cash them or not. b. What's going to happen when you're 65 that will change things? Do you expect your income to be lower then? If so, you can do the math and see how much you'll save on taxes versus how much you'll lose in interest by giving the government an interest free loan until then. Typically when you do these calculations reinvesting is the better choice. Tom Adams Carol - there is no option to defer the tax. There are two reasons to cash the bonds now.

a. The IRS says the tax is due in the year the bonds stop earning interest whether you cash them or not.

b. What's going to happen when you're 65 that will change things? Do you expect your income to be lower then? If so, you can do the math and see how much you'll save on taxes versus how much you'll lose in interest by giving the government an interest free loan until then. Typically when you do these calculations reinvesting is the better choice.

Tom Adams

]]> by: Carol http://www.savings-bond-advisor.com/which-bonds-to-cash-2/#comment-59711 Tue, 23 Feb 2010 17:30:55 +0000 http://www.savings-bond-advisor.com/which-bonds-to-cash-2/#comment-59711 Since the demise of the HH option is there any other way to defer tax on redeemed mature 30+ year old bonds? Would I be better off letting them sit w/o interest until I'm 65? Since the demise of the HH option is there any other way to defer tax on redeemed mature 30+ year old bonds? Would I be better off letting them sit w/o interest until I'm 65?

]]>