US Savings Bonds

Posts Tagged ‘finances’

Question: Father in law asked my husband to cash out his US Savings Bonds when he was 10.?

To help pay the mortgage. His mother did not work or clean house. She spent, spent, spent and treated my husband like he was dirt.

What kind of people do this to their children?

Answer: Very bad, miserable, unhappy wick people with very serious mental issues who diddn’t want or need kids and were treated the same way!!!

Bond Market : How to Find Out When Savings Bonds Can Be Cashed

Question: Best savings fund for children.?

When it comes to savings for my kids(ages 5 and 2) i have no idea where to begin. Something that once they are ready to go to college they have the money for it. Or perhaps if they would like to just start a life soon after highschool they have the funds for that also. Something that will grow very well throughout the years. We have 12 years before our first is ready to go down that path so its pretty good time frame. What are Mutual Funds, 529 plans, Savings Bonds, all of that? I have no idea! I thought about the gerber plan but i am not sure its the best thing. The help of those who already have these options would be appreciated as well as those who have the smarts about them. Thanx in advance!
i will get the 1000 and i will start something after that if its the best! as for how much i would like to have after the 12 years, as much as possible! it would be great if i could have at least 20 grand but more would be awesome.

Answer: A good 529 plan is the way to go if it is college that you are saving toward. These plans are tax favored. The interest or dividends build up tax free. You can invest in stock funds or money markets. Over time, stocks historically have proved to beat bonds and bank interest. No one knows what the future holds, but over the next 12 years they will likely outperform as well. Your state may have a 529 plan or you can choose from other states. Invest monthly and it will grow. Most plans allow as little as $50 per month.

Life insurance is not a good way to save for college.
The “Gerber Plan” you are talking about is probably life insurance and I would not recommend a mass market life product. Life insurance for your children is not as important as life insurance on yourself. You and your spouse should carry life to cover the cost of raising the kids if you die. Term insurance is less expensive and if you are in good health can get $500,000 for as little as $25 a month depending on age etc. If you do want to buy life insurance for kids, buy a small policy that would cover burial costs but allows for additional purchase later regardless of health. Fraternals like Woodmen of the World often have the added bonus of free or low cost summer camps for kids if they have a policy.

1976-78 Commercials Part 3 (Singer to Levi’s)

Question: What is better for my godchild, an EE or I Savings bond?

I want to give him him $1,000. Do I buy the EE bond at $500 and then in 20 years its guaranteed to be worth $1,000? Or do I buy the $1,000 I Bond and hope that the interest rate is good for the next 20 years and he has some good money for college, at least doubling my investment. Also, can the EE bond be worth more than double what I paid for it in 20 years?

Answer: Buy an EE series. They can cash it in at maturity and get $1000 plus interest if used for education no taxes to pay.