US Savings Bonds

Archive for February, 2008

Question: What can I do ?……………..?

My adult Son, has a severe back problem and after fighting for 4 years has finally been awarded Social Security disability. Along with the award comes medicaid and along with all of this comes a rule that says he cannot have more than $2,000.00 in assets. He has nothing but Years ago I bought a $25,000.00 US savings bond in his name. He knows nothing of this Bond and I forgot about it until just after he got his award. I cannot cash the bond since it is in his name but if he cashes it, it will put him above the $2,000.00 asset limit. What can I do to insure that he continues to receive his SSI ?

Answer: Tell SSI the truth. They will help you. If they learn later that you hid funds from them, you would have to repay all the benefits your son had received. You didn’t try to fool them. You just forgot. Tell them..

Commute Another Way 2010: Employer Stories

Question: Which type of investment is best?

collectibles, stocks and bonds, or savings accounts:} Which is best investment in regards to risk vs. rewards ??

Answer: the STOCK MARKET is really one good source of making money. but there is really a DEFLATION worldwide so better invest only a smally amt. to roll over with. well, another best way is save and invest in a reputable INSURANCE COMPANY- they offer not only “guaranteed dividends” at a certain maturity period let say after 10 yrs or so but the policy holder is insured as well. But what’s another exciting deal about insurance co.? your money is actually TAX FREE! everybody hates too much taxes right? and the another best way is to invest and save in Mutual Funds / COOPERATIVE BANKS OR CAPITAL SHARING INSTITUTIONS or the like – but try to screen those who are accredited by the local government and CENTRAL BANK. they also give higher interest rate per annum and give other benefits like dividends, personal or business loans at a very minimal interest rate normally 1% per month. and NO TAXES is being collected. ISN’T IT GREAT? and by the way once you’re a member you are a CO-OWNER/ STOCKHOLDER of this bank. I actually DO NOT DISCOURAGE individuals to save/invest in COMMERCIAL BANKS since they give only very low interest rates and HIGH TAXES! commercial banks offers also some great deals, since technically we are already an E-COMMERCE, accredited atm cards can be use in paying our bills, no need to bring cash when shopping, they also offer CREDITED CARDS (be sure to use it wisely and emergency purposes only), house and car loans. BUT i suggest that there are other OPTIONS where u can actually make you’re money grow safely!! I ADVICE EVERYBODY TO BE AWARE AND PLEASE DO NOT INVEST IN A NETWORKING SCHEME! Don’t let yourself ATTRACTED with their flowery promises of a fast and high amount of interest. BEWARE PLEASE!! These people are all over the world and do the same plot. DO NOT BE A VICTIM! in case you are interested of any advice please email me ([email protected]) If you are actually from the PHILIPPINES i can actually give and share with you CREDIBLE AND HIGHLY REPUTABLE CO. I almost forgot, it is also good to invest in REALTY.

Online Brokers: Investing Priciples, Investing vs. Saving