US Savings Bonds

Posts Tagged ‘Savings Bonds’

Question: Series I and EE Savings Bonds?

I have several of both types of bonds. I am trying to save my home from foreclosure. Cashing these in would help. My question pertains to the fact these were purchased by my father for my children and are in my minor children’s names. Some of them name me or my spouse as POD, some name my father. Am I able to cash these? And if so…. I found in a previous question asked on Yahoo! a woman stated the bonds will be reported as cashed to the person who purchased them, is that correct? I intend to purchase replacement bonds in the next year, so please don’t criticize me about stealing from my children. As I see it, I can save the roof over their heads now and have to pay for college later, or have their college paid for but be living only God knows where. Any knowledge by professionals who deal with this on a daily basis, or if you are 100% sure of your knowledge. Please list your source. Thank you for your time and help!

Answer: you do not have to worry about replacing them if they say pod and your name the only one that can cash them is the children!!! you just to need to talk to your kids and have them sign the over!!!! check internet Savings Bonds usa!!!

Question: How do you find/claim a savings bond if you have no ‘proof’ & don’t want to pay someone else to find it- yet?

I know they existed… Grandma can’t remember the banks but we know what state… neither of us accurate on the dates; maybe close on the year… found a couple ’search’ sites, but they want $$… I don’t have that otherwise I probably wouldn’t be worried about an old savings bond or two!! Just curious!

Answer: Hi MeMyself&I, I’m the Savings Bond Guru from SavingsBonds.com – I hope I can help you with your question.

I’ll bet one of the web sites you went to was ours, and its ok if you don’t want to pay for our Lost Bond Recovery Service.

Here’s what you can do to get your Savings Bonds replaced. Go to the Government’s Savings bond site, in the forms pages, and find PDF 1048 “Request to Reissue Lost, Stolen or Destroyed Savings Bonds“. (I’ve included a link to the Gov’s website below).

It wasn’t very clear if you’re trying to find the bonds for your grandmother or for yourself, but here’s some tips on the information you’ll need for the forms:

- Social Security Number of the person you’re searching for
- Only one person can be searched on per form
- When it asks for Dates, simply provide a Range of Years you think they were issued
- In the details/info for the bonds, include the SSN as well as your Address at the time the bonds were issued

I hope this has been helpful! Good Luck!

-The Savings Bond Guru

Don’t Panic! Beware the Treasury Auctions!

Question: I inherited 25 US savings bond (payable upon death of my grandmother). I cashed them in in 2007….?

Do I pay federal taxes on them?

Answer: THe interest you earned on them is taxable income and will be reported on your 1099 form for 2007