US Savings Bonds

Archive for the ‘US Savings Bonds’ Category

Question: Stimulus Rebate Form 1040A?

My income source is Soc Sec,VA disability pension,Bank interest and 3 US Savings Bonds E that I cashed in 2007.
SS on line 14A-VA pension on line 12A. What lines are for Bank Interest-line 7? Bonds -do I use Schedule 1? Do I total all for income? Do I put Stimulus Rebate on top of form 1040A?
Where do I send it in Cleveland Ohio? I am filing for me and my wife. Both retired. Both over 75. I truly appreciate any help you can offer me.
Thank you.

Answer: IF you are not otherwise required to file a return, but are doing so to get the stimulus payments, you file 1040A and do WRITE STIMULUS across the top. The other posters have answered most of your other queries.

Jim Norman’s Secret Arkansas Lake House

Question: US Savings Bonds OR COLLEGE 529 PLAN…WHATS BETTER FOR ME?

I’M ONLY GOING TO INVEST $50 MONTH FOR 16 YEARS. WHAT IS BETTER FOR ME? THANKS

Answer: right now a 529 might be better for you since college is a long way away for you. You will probably get a better return in the stock market since interest rates are so low now

Central Michigan Savings & Loans at Auto Body Credit Union

Question: Marriage and bills, I’m getting married in 3 months so am trying to figure how the money will be managed….?

So my fiancee and I make the same amount… and I believe he should pay the rent and I’d help him pay the bill (not pay all the bills, but help), and I plan to save most of my paycheck and purchase a house for both of us in the next 5 years, I’ve told him since when he proposed that I do not want to pay rent for the next 10yrs of my life and he agreed until now. So, now he comes and says that houses are not a investment that gets immediate returns and so he doesn’t want it to be this way, he wants a 50-50 split bill type of marriage, he says he plans to spend his savings in investments, like bonds etc… anyways I told him the house is a priority, and the conclusion is we’re not in the same view…. i told him that that was how i wanted, he pays the rent and thee bills, and I would help him with the bills and save the rest for a house or whatever, (it would be a joint account, its not like the money is all in my p[ersonal and private account) ….. do you think i have a point?

Answer: Yes, I see your point but I see his too. I think you should split the bills 50/50. Let him invest his savings for your future together and you can save for the house for the both of you.

Sept 8th Video Mortgage and Financial Market Update