Archive for May, 2009
Us Savings Bond Tracker
May 15th, 2009
Social-Media-Monday: Tools For Transitioning
Posted in US Savings Bonds | 
Tags: finance, google, investing, money, stocks, us savings bond tracker | 
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Savings Bonds for Education
May 14th, 2009
Using Savings Bonds for education with Educational IRA s and 529 plans
- How much of your college savings is in the form of U.S. Savings Bonds?
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While earnings on qualified U.S. Savings Bonds are tax exempt if the US Savings Bonds are redeemed to pay for qualified higher ducation expenses will the interest rate on a U.S. Savings Bond keep up with the rising costs of college?
If you are concerned that college costs will outpace the returns of U.S. Savings Bonds, consider this:
Redeem qualified U.S. Savings Bonds and deposit the proceeds from the Savings Bonds into a Higher Education 529 Fund account.
You can redeem qualified US Savings Bonds for education tax free.
Who is Eligible to redeem US Savings Bonds for education tax free?
- Owner of the US savings bond must be at least 24 years old before the date of issuance of the savings bond.
- Owner of the savings bond must meet the required adjusted gross income (AGI) thresholds below. These thresholds are indexed yearly for inflation.
Modified adjusted gross income (AGI) Thresholds for Tax Free Redemptions of Series EE US Savings Bonds
| Filing Status | Full | Pro Rata Phaseout | None |
|---|---|---|---|
| Joint | Under $89,750 | $89,750-$119,750 | Over $119,750 |
| Single | Under $59,850 | $ 59,850-$74,850 | Over $74,850 |
Posted in Savings Bonds for Education |
Tags: education, Savings Bonds, savings bonds education, us savings bond |
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