Archive for July, 2010

Should I cash in these savings bonds/?

Friday, July 30th, 2010

thepreacha619 asked: Okay, I’m a college student that couldn’t get a job this summer, so I made it through the whole summer with under 300 bucks and did some chores to get a wee bit of money out of my parents.
Okay, so this fall, I have to pay for books, which will cost about [...]

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I just received a $50 United States Savings Bond (purchased just weeks ago) for graduation. What now?

Friday, July 30th, 2010

danmam91 asked: If I understand savings bonds correctly (which I probably don’t), my bond is only worth like $25 right now and won’t be worth $50 until it matures (in 30 years)? Is that right? How do savings bonds work and what is the point of them?Warren Edmister

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Savings Bonds question?

Wednesday, July 28th, 2010

burdawg asked: Why would any sane person invest in savings bonds?
If Obama wanted to do something constructive for a change I have a few ideas. This would generate a lot of federal revenue and help the gubmint pay off some of this crazy spending they have been doing.
1. pay face value for a savings bond. [...]

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How do I obtain my savings bonds if my parents refuse to give them to me?

Tuesday, July 27th, 2010

kimsewest asked: I’m 20 years old, moving out of my house, not on the best of terms with my parents, and they’re holding on to my bonds out of spite. I’ve found this website with information about obtaining your bond information ( http://www.savings-bond-advisor.com/list-of-us-savings-bonds-by-ssn/ ) but unfortunately I have none of the info it asks for [...]

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Types of Savings Bonds, Gold Cerificates, etc?

Monday, July 26th, 2010

David D asked: If I wanted to take a lot of my money and keep it some where, what types of bonds or certificates could I use? Are there any like $10,000 notes or larger? Do they have to keep record of who has those? What is the best way to take out all my [...]

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How does the government make money from savings bonds?

Monday, July 26th, 2010

imsmartkid asked: From my understanding, it is basically a loan to the government and they pay you back after so many years plus intrest. How are they making money from these? It seems like a sure way to lose money when you are constantly payout out a higher percentage than you brought in.
That [...]

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A Question About Savings Bonds & Taxes?

Sunday, July 25th, 2010

stikynoterightr asked: I have thought about it for a while and I’ve decided that I would like to buy some savings bonds for my niece (she’s turning 3 soon) that she could use later on in life for college or something. I plan on putting both of our names on them (just in case) but [...]

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What should I expect? I had savings bonds and financial aid ?

Sunday, July 25th, 2010

manda asked: In this past year I cashed savings bonds, and the interest came to $510. I’m a college student and received a subsidized loan totaling $5000.00, but they sent me a form saying “amounts billed for qualified tuition and related expenses” is $4254.10. I work part time and paid about $780 in Federal [...]

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Can someone explain to me about Savings Bonds?

Saturday, July 24th, 2010

Chrysdee asked: I went to the US treasury site about Savings Bonds and I’m a little confused…Is my savings bond from 2000 with the denomination of $100 REALLY not worth $100 til 2030?! I looked at the worth for right now, it’s about $60…
My understanding from the people who started giving my kids savings bonds [...]

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where would I find how long it takes for my savings bonds to mature? Do you know?

Saturday, July 24th, 2010

monkeydarlin asked: moneyJohnny Bonvillain

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