| Posted By |
Message |
pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
|
Savings bond related - would it make sense to....
Cash out dd's savings bonds and deposit them into her 529 plan or would you keep them as is and let her spend them as she wishes when she is older....we have about 2,000 worth of bonds
TIA 
|
Posted 6/9/08 3:20 PM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
LisaI
Momma's Little Beans
Member since 1/06 3923 total posts
Name:
|
Re: Savings bond related - would it make sense to....
are they 2k now? or in 10+ years will they be 2k? If they are 2K now sure 529, if they are not worth 2k yet I would wait.
|
| Posted 6/9/08 3:24 PM |
| |
|
Sassyz75
Turning a new page
Member since 5/05 9731 total posts
Name:
Dina
|
Re: Savings bond related - would it make sense to....
well- I am never a fan of keeping all the eggs in one basket
we have the same amount in bonds and are keeping them- and then putting money in 529 and then some in regular savings acct.
|
| Posted 6/9/08 3:24 PM |
| |
|
pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
|
Re: Savings bond related - would it make sense to....
Posted by LisaI
are they 2k now? or in 10+ years will they be 2k? If they are 2K now sure 529, if they are not worth 2k yet I would wait.
they are not worth 2k now. Thanks for your opinion
|
| Posted 6/9/08 3:29 PM |
| |
|
pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
|
Re: Savings bond related - would it make sense to....
Posted by Sassyz75
well- I am never a fan of keeping all the eggs in one basket
we have the same amount in bonds and are keeping them- and then putting money in 529 and then some in regular savings acct.
thanks, I think I will hold onto them for now how long do they take to mature, is it 7 years or longer?
|
| Posted 6/9/08 3:29 PM |
| |
|
jprimrose
I love my little munchkins!
Member since 10/05 3939 total posts
Name:
|
Re: Savings bond related - would it make sense to....
Posted by Sassyz75
well- I am never a fan of keeping all the eggs in one basket
we have the same amount in bonds and are keeping them- and then putting money in 529 and then some in regular savings acct.
ITA We are doing the same for my DS.
|
| Posted 6/9/08 3:30 PM |
| |
|
LuvMy2Girls
@>---------
Member since 5/05 11165 total posts
Name:
Mommy
|
Re: Savings bond related - would it make sense to....
Posted by stephanief
Posted by Sassyz75
well- I am never a fan of keeping all the eggs in one basket
we have the same amount in bonds and are keeping them- and then putting money in 529 and then some in regular savings acct.
thanks, I think I will hold onto them for now how long do they take to mature, is it 7 years or longer?
7 years? I think after that time you can get the value of what person paid for it, my DH's took 18 years to get the full amount
|
| Posted 6/9/08 3:31 PM |
| |
|
pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
|
Re: Savings bond related - would it make sense to....
Posted by LuvMy2Girls
Posted by stephanief
Posted by Sassyz75
well- I am never a fan of keeping all the eggs in one basket
we have the same amount in bonds and are keeping them- and then putting money in 529 and then some in regular savings acct.
thanks, I think I will hold onto them for now how long do they take to mature, is it 7 years or longer?
7 years? I think after that time you can get the value of what person paid for it, my DH's took 18 years to get the full amount
hmmm, I read somewhere that after 1 year, you can cash them and get the value that the person paid, plus minimal interest.  so confusing. I think I can look online and type in the serial number and it will give me the value and the maturity date. Thanks 
|
| Posted 6/9/08 3:33 PM |
| |
|
EmmaNick
*
Member since 12/06 16001 total posts
Name:
*
|
Re: Savings bond related - would it make sense to....
Posted by LuvMy2Girls
Posted by stephanief
Posted by Sassyz75
well- I am never a fan of keeping all the eggs in one basket
we have the same amount in bonds and are keeping them- and then putting money in 529 and then some in regular savings acct.
thanks, I think I will hold onto them for now how long do they take to mature, is it 7 years or longer?
7 years? I think after that time you can get the value of what person paid for it, my DH's took 18 years to get the full amount
The full amount is what takes 7 years I thought? You can cash them in immediately to receive what the purchaser paid for it (i.e. $25 for a $50 bond). Here is a calculator to see how much they are worth
http://wwws.publicdebt.treas.gov/BC/SBCPrice
|
| Posted 6/9/08 3:34 PM |
| |
|
LuvMy2Girls
@>---------
Member since 5/05 11165 total posts
Name:
Mommy
|
Re: Savings bond related - would it make sense to....
Hmm, interesting. I was told they used to be 10 year maturity dates, now they are 18 year bonds to recieve full value of the bond.
I'm def going to go look at my DD's bonds, and I know DH still has some bonds he can't cash from his high school graduation that are 18year ones.
|
| Posted 6/9/08 3:38 PM |
| |
|
neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
|
Re: Savings bond related - would it make sense to....
To mature, it depends on when the bond was issued.
To stop paying interest, it is 30 years.
|
| Posted 6/9/08 3:41 PM |
| |
|
pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
|
Re: Savings bond related - would it make sense to....
Posted by Summerrluvv
Posted by LuvMy2Girls
Posted by stephanief
Posted by Sassyz75
well- I am never a fan of keeping all the eggs in one basket
we have the same amount in bonds and are keeping them- and then putting money in 529 and then some in regular savings acct.
thanks, I think I will hold onto them for now how long do they take to mature, is it 7 years or longer?
7 years? I think after that time you can get the value of what person paid for it, my DH's took 18 years to get the full amount
The full amount is what takes 7 years I thought? You can cash them in immediately to receive what the purchaser paid for it (i.e. $25 for a $50 bond). Here is a calculator to see how much they are worth
http://wwws.publicdebt.treas.gov/BC/SBCPrice
Thanks for the link. I will have to check them when I get home
|
| Posted 6/9/08 3:47 PM |
| |
|
bicosi
life is a carousel
Member since 7/07 14956 total posts
Name:
M
|
Re: Savings bond related - would it make sense to....
You can cash them out, but I would invest them in something other than a 529 plan.
|
| Posted 6/9/08 3:47 PM |
| |
|
pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
|
Re: Savings bond related - would it make sense to....
Posted by bicosi
You can cash them out, but I would invest them in something other than a 529 plan.
any suggestions? Thanks
|
| Posted 6/9/08 3:49 PM |
| |
|
Shroggie
Don't Worry...Be Happy
Member since 5/06 6261 total posts
Name:
|
Re: Savings bond related - would it make sense to....
It now takes 20 years for them to mature.
|
| Posted 6/9/08 4:17 PM |
| |
|
