US Savings Bonds

Archive for the ‘Savings Bonds’ Category

Question: using Savings Bonds for education?

I have Savings Bonds that I would like to use to help pay for my 2 grandchildren`s college costs. Bonds are in my name. Will I have to pay taxes on the interest?

Answer: You pay the taxes on them when you cash them.As long as they are not cashed and drawing interest you pay no taxes….

Personal Finance Speech.MOV

Question: Can I be reimbursed for lost Savings Bonds?

About 15 years ago I had purchased several Savings Bonds through a local bank with the intention on purchasing more on a regular basis. Some time later when I was relocating, I packed them away and stuffed them in my car, but was in a very serious car accident that destroyed my car and I haven’t seen them since. I think I read once that the bonds can be reissued to you if they are lost or damaged, but you have to know the exact amount of each bond, serial numbers, etc. When you buy Savings Bonds, don’t you have to use your social security number? If so, how can I track down the bonds that I purchased?

Answer: Try the bank first…….they may be able to ID them with your SS number………..or by your name………….

Question: Killer High School Graduation gift under 50 bucks? Tips? Ideas?

Calling all 17-18 year olds…I’d like to get my cousin a present for his graduation that’s not the “typical adult graduation gift”. He’s probably going to get them all: a book on how to cook ramen noodles 5000 ways, Savings Bonds (which is fantastic, but I know he won’t appreciate right now), etc. He is an outdoorsman that also loves gaming (but I don’t really want to encourage that too much, sorry). I’d like to get him something cool…any ideas? A subscription to Maxim? Flat out cash? A gift certificate to Cabellas or music downloads? Help?

Answer: I ordered by niece’s friends and 2G usb drive from pexagontech.com. I had it customized with their name and their favorite color. I also decked it out with Paisley’s. My niece said it was an awesome gift and her friend’s will love it.

You can get these in guy colors and with guy looking tattoo art. I like the silver with diamond plate art for guys. I think you can get them in multi packs too.

“If I Were the Mayor of Henderson”