Archive for July, 2006

Savings Bonds Used For Education

savings bonds used for education
Question: According to macroeconomists, which of the following transactions by Patricia Jones is investment?

A. Patricia Jones purchases a savings bond for her son’s college education.

B. Patricia Jones purchases a new pizza oven for the family pizzeria.

C. Patricia Jones uses the profits from the pizzeria to take the family on vacation.

D. Patricia Jones buys stock in the company that manufactures pizza ovens.

Answer: A,B and D

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Savings Bonds For Kids

savings bonds for kids
Question: Question about Savings Bonds?

I lost some Savings Bonds that I purchased for my kids. How can I obtain a replacement. Some of the bonds I have for my kids are series I, some are EE. I fill out whatever form the teller gives me. What is the difference, aside from the face value, between the two.

Answer: The attached link tells how to replace lost Savings Bonds. The Treasury Direct site also explains the difference between EE and I (inflation protected) bonds. The face value of the I Bonds is the purchase price, so they will have increased from that after your purchase date. EE paper bonds are sold at 1/2 the face value, so unless they are maturing, they are worth less than the face value. One more note, if you buy either EE or I Bonds directly from the Treasury Direct site, you will never have to worry about losing the bonds, as it is a ledger only , on-line system

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Us Savings Bond Types

us savings bond types
Question: my son wants to redeem the us savings bond i got for him in 1988.where can he redeem it? he is in sacramento.?

it’s a $100 EE type.also, if you know, how much is it worth?

Answer: You can find out everything you need to know at www.treasurydirect.gov. It’s probably worth about $140, and you can redeem it at most major banks.

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Books on Savings Bonds