Tip: Save those savings bonds
&Nbsp; pwking@aol.comIf you like to give a crisp, newly printed U.S. savings bond to your grandkids for special occasions, you'd better hurry.
After Jan. 1, the venerable paper Series EE savings bond, which was introduced in 1935, will no longer be available. It's part of the Department of the Treasury's attempt to phase out paper and print products as it moves to an all-electronic transaction system. The government...
Ee Savings Bond - News
1, the venerable paper Series EE savings bond, which was introduced in 1935, will no longer be available. It's part of the Department of the Treasury's attempt to phase out paper and print products as it moves to an all-electronic transaction system.
Newly issued EE bonds earn a fixed rate of 1.1 percent.) But changes in the program are making the bonds less appealing, bond experts say. "It's the purchase limits that are killing the program," says Tom Adams, author of "Savings Bond Advisor.
Reader David L. points out an interesting side-effect of the Treasury's decision to (almost) do away with paper Savings Bonds: It reduces the amount of bonds an individual can buy. Currently, you're limited to $5000 per year of each series (EE and I
Instead, savings bonds owners can redeem the bonds as soon as 12 months after purchase, incurring a minor penalty of just three months of interest. After five years of ownership, there is no penalty whatsoever for cashing in the bonds. Savings bond
Newly issued EE bonds earn a fixed rate of 1.1 percent.) But changes in the program are making the bonds less appealing, bond experts say. “It's the purchase limits that are killing the program,” said Tom Adams, author of “Savings Bond Advisor.
Cashing Series EE Savings Bond?
You are able to take them to your financial institution to cash them. The origional purchaser of the bonds will not be notifed of your cashing them, however the IRS may be notified based on the amount of money received… unfortunately the goverment likes to take their cut of redeemed bonds. On a positive note, It really should not be a difficult task to get them taken care of. The bonds most likely have your social security number on them, in such case the name difference would not matter. Simply bring your photo ID and tell them your SSN. If they do not have your SSN on them bring your adoption papers just in case.
On a side note, you can take the bonds in and have them tell you what the value is.
1. The fact that your name changed does not matter. As long as the social security number matches, that is sufficient. The last name does not have to match. Most women cashing bonds from 1987 no longer have the same last name, because they have gotten married or divorced at least once since then.
2. The IRS is notified, so that they can make sure that you pay the income tax on the interest. The part of the government that keeps track of which bonds have been cashed is notified, so that if someone later reports losing the bond and asks for a replacement, they will know not to pay a second time. No one outside of the government and the bank is notified. The person who gave the bond is not notified. Your family is not notified.
Auction Item: $100 GIFT CERTIFICATE FOR SERIES EE SAVINGS BOND. From...
Auction Item: $100 SERIES EE SAVINGS BOND. MUST CLAIM BEFORE DEC 28,... 
How to Calculate the Value of Your US Series EE Savings Bond
Treasury moves away from paper to electronic savings bonds - Ee Savings Bond - Bookshelf
The complete idiot's guide to investing like a pro
If Treasury note rates fall, so does the rate on your bond. If the five-year Treasury note is yielding 5 percent, the EE Savings Bond is yielding 4.5 ...Code of Federal Regulations, Title 31, Money and Finance: Treasury, Pt. 200-499, Revised as of July 1, 2010
The interest on an outstanding bond ceases to accrue 30 years after its issue date. §351.6 When may I redeem my Series EE savings bond? ...Savings Bond Advisor
The one Savings Bond Series that doesn't have a letter – bonds in this series ... The Patriot Bond is just a standard Series EE bond with the Patriot Bond ...Education planning, taxes, trusts, and techniques
B. Qualified Savings Bonds Defined A qualified US savings bond is a Series EE bond issued after 1989 or a Series I bond. To qualify, the bond must be owned ...529 and Other College Savings Plans For Dummies
Series EE savings bonds Series EE savings bonds are your old-fashioned, garden- variety sort of savings bond, the kind your grandmother used to give you for ...Day-by-day Walkthroughs Directory
Individual - EE/E Savings Bonds
EE/E Savings Bonds. As of January 1, 2012, paper savings bonds will no ... Series EE savings bonds are safe, low-risk savings products that pay interest based on ...
Individual - EE Savings Bonds In Depth
As of January 1, 2012, paper savings bonds will no longer be sold at financial institutions. ... EE Bonds are reliable, low-risk government-backed savings products ...
EE Savings Bonds
Series EE savings bonds are guaranteed by the United States government, pay interest based on current market rates, and can be cashed in any time after six months. ...
FinAid: Savings Bonds
Discusses Savings Bonds investments as a way to save for your children's college education.
How Series EE Savings Bond interest rates work: US Savings Bonds
Find out what interest rate your Series EE Saving Bonds are earning now and the rules that will determine your rates in the future.