wyclef
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| Series EE Bonds |
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Hey, I have a bunch of Series EE bonds that are close to or just over 10 years old and they all have outdated contact information, and beneficiaries i'd like changed out and i'm wondering if there is a way to get all these bonds reissued to me? or does it make sense to cash them all out and just buy 1 bond with the money i get from all these ones?
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Wed Oct 26, 2005 8:16 pm |
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Rolo
Yo' Daddy
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Location: Colorado/Florida
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There's another topic almost identical to this one; try to find it. There are links in it that will be useful. (ustreas.gov)
Remember, cashing in the bonds will be a taxable event.
"Expect me when you see me."
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Fri Oct 28, 2005 12:16 am |
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ryanmercer
Contributing Member
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Location: Indianapolis, Indiana
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quote:
Originally posted by Rolo
Remember, cashing in the bonds will be a taxable event.
Don't you hate that, not only do they take your money for a rather long time period for a so-so interest rate, then they tax you when you cash them.
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Fri Oct 28, 2005 12:06 pm |
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wyclef
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Cash: $ 18.22
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i never found that other post. the rate on the bonds is at 4%...and i have about 12 of them...totalling now a little over 9k... is there a way to combine all these into 1 bond or a CD at a higher interest rate without getting screwed by the taxes? seems like there must be a way to get these bonds to do more for me than what they are doing now at 4%.
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Fri Dec 30, 2005 4:22 am |
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ggid
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quote:
Originally posted by wyclef
i never found that other post. the rate on the bonds is at 4%...and i have about 12 of them...totalling now a little over 9k... is there a way to combine all these into 1 bond or a CD at a higher interest rate without getting screwed by the taxes? seems like there must be a way to get these bonds to do more for me than what they are doing now at 4%.
So far the answer is no. If you cash them you will pay tax on them. I am also looking for a way to rollover my bonds and as yet have found nothing but a 529/education plan. As someone said before check out treasurydirect.com
If you find a way......please let me know email is listed on this site.
glenda
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Sun Jan 01, 2006 2:53 am |
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wyclef
Full Member
Cash: $ 18.22
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i tried to sign up for an account at treasury direct but i keep getting a service unavailable message. i guess i'll have to wait a few days.
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Mon Jan 02, 2006 5:12 pm |
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