Archive for July, 2009

Can someone explain how savings bonds work?

Tuesday, July 28th, 2009

bighaus asked: I am wanting to invest in some savings bonds but I would like to understand how they work. Does anyone know?Chris Caley

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can only banks cash savings bonds?

Friday, July 24th, 2009

onejandasmay asked: I do not have a bank account or a debit card. Is there anywhere else that would cash my savings bond. I’ve tried a couple of check cashing places. Is there a way that I can transfer the bond to a family member who has an established account?Shantel Hierro

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My daughter won 2 savings bonds and I am not sure what to do next. Put in the bank or ?

Monday, July 20th, 2009

Mrs. Torres asked: My daughter is 11 years old and she has won 2 separate savings bonds. The 1st one she won in a raffle at her cheerleading scholastics dinner for $100 last year. The second one was this past weekend at her cheerleading awards banquet for having the best grades in her [...]

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How do I cash American Savings Bonds if I am an Canadian citizen?

Sunday, July 19th, 2009

Meghan asked: The bonds are in my name.Felipe Morales

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Can I buy US Savings Bonds and give them as a gift to a “foster” child in Mexico?

Friday, July 17th, 2009

fleigen1 asked: I”d like to start a savings program for a “foster” child in Mexico via US Savings Bonds. How would they go about cashing them when they mature (the bonds and the child?)Pablo Roosevelt

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Given the state of the economy, is it better to make no-risk investments (CD’s/Savings Bonds) or Mutual Funds?

Thursday, July 16th, 2009

Rick M asked: I’m looking to invest money for my future (27) and my son’s future (1) and i am not sure if i should simply buy CD’s or savings bonds which will give me lower returns, or invest in mutual funds, which could return more, but have more risk. I plan to invest [...]

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How can I find out if I own savings bonds if they are not in my possession right now? I think I lost some?

Thursday, July 16th, 2009

Judy asked: My grandparents used to give savings bonds as gifts. I’m not sure I still have all of the ones that were given to me. Is there a way to obtain a list of all the savings bonds issued under my social security number or name?Dino Chipps

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How do i know if he set up savings bonds for me?

Thursday, July 16th, 2009

Frankie baby asked: Basically my mum believes that when i was a baby my godparent set up savings bonds for me. I am now 21 and kinda lost contact with my godparent. Is there anyway without asking him directly to find out if this is true?Filomena Gutenberg

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Can I cash in savings bonds without incurring penalties if I am using the money for a down payment on a home?

Wednesday, July 8th, 2009

Jacob Elija asked: I am planning on purchasing a home and need to use the bonds for a down payment. Can they be tax deferred.Craig Suro

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Are savings bonds good for short term goals?

Monday, July 6th, 2009

mr.pibb asked: Are savings bonds good for short term savings goals? I am wanting to move out of Michigan in 5 years or sooner if possible. I don’t make a lot of money and have medical debt and I really want to get out of this state. Any other options?Suzy Granato

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