US Savings Bonds

Posts Tagged ‘us savings bonds buy online’

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: Can I use a Tax Free Savings Account (TFSA) to trade stocks through a Canadian Bank?

I haven’t bought or sold stocks before, so my question is two-fold.
I heard of the TFSA, and that you can use it to make tax free income, and you’re allowed up to 5 k per year in new principal capital, or 10 k if it’s your first time.
My question, can I use this money to buy stocks on the US or Canadian Stock Markets?
If so, how do I set this up? Can I buy stocks online via Scotia Bank or do I have to use some other website to buy and sell stocks?
I don’t have a TFSA yet, but what I’ve found from the Scotia website is that they mostly offer bonds or scotia Mutual Funds, which I’m not too interested in getting in to at the moment…..
I would hope there is a way to set it all up with Scotia and buy from there, but if not I’d like to know how to trade in stocks while taking advantage of this TFSA.

Answer: TFSA is definitely something every Canadian should take advantage of. You get to keep up to 5 grand per year on any capital gains made. Ie money made from the stock market, dividends, even interest. If your not interested in buying bonds or investing in Mutual Funds don’t. You have to ask yourself why Scotia bank pushing there Mutual Funds anyways…

All canadian banks offer this, you should be able to walk into any bank and set one in a couple of minutes. You can probably even do it online. If your interested in investing in the stock market go to your bank, open up a brokerage account and a TFSA. Ask them how the TFSA works.

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Question: If you go bankrupt can your debtors take your Savings Bonds and cash them in?

I was curious about buying US Saving Bonds but I wanted to know if like you can’t pay your student loans can they take the saving bond and get money on it or if your taking to court for not paying your credit card debt and the judge orders you to pay can they take the savings bond and use it for payment I wanted to know this cause I am in debt and thinking about going bankrupt so I don’t have a savings or checking account I just wanted to save money in a new way for me.

Answer: In bankruptcy Savings Bonds will be treated the same as cash or money in a savings or checking account.

If it can be exempted, then you get to keep it. If not, it will be taken to repay creditors.

Whether and how much you can exempt depends on the bankruptcy exemptions available in your state.

You cannot discharge student loans in bankruptcy. You will still have to pay them.