US Savings Bonds

Archive for the ‘Buy US Savings Bonds’ Category

Question: How much would taxes be on a $10000 US Savings Bond?

I am thinking about cashing in my bond to buy investment property. Does anyone know what the tax rate would be? Thanks to all who answer.

Answer: Nothing if you have been claiming the interest earned all along, or at most the current year’s interest. If you have not been claiming the interest annually then the difference between what you paid for it and the redemption value is taxed as ordinary income.

Buy US Savings Bonds PSAs

Question: During this time of economic crisis, should patriotic Americans buy and hold US Savings Bonds?

Answer: I’ve always bought Savings Bonds for my child, I’ve been doing it for 13 years. Economic crisis or not, those things only increase in value over time.

US National Debt to exceed 14 trillion by end of year? Good time to buy US Savings Bonds? NO!

Question: how do us Savings Bonds work?

I have no clue, I have never purchased one……..
Any and all info is appreciated!

Answer: Thumbs down on the above answer. There are two kinds of Savings Bonds. Only EE bonds are purchased like the above. I Bonds are usually purchased at face value unless they are zero-coupon bonds, then at maturity the face value is returned to you. Over the duration of the bond, you collect the interest payments made. Check out the article below.

Peter Schiff Was Wrong – Part 7