Which is better 529 account or savings bonds?
by admin ~ January 28th, 2010 . Filed under: Investing .
gods_rap asked:
My 7 month old son is about to start receiving savings bonds for Christmas and Birthdays from his Godparents. Is it better to keep the savings bonds in our safety deposit box, or put them in a 529 account?
Pilar Grochmal
My 7 month old son is about to start receiving savings bonds for Christmas and Birthdays from his Godparents. Is it better to keep the savings bonds in our safety deposit box, or put them in a 529 account?
Pilar Grochmal
January 31st, 2010 at 2:51 pm
For one year you cant cash out the savings bonds anyway as they cannot be redeemed for one year you cant cash out the moment.
February 2nd, 2010 at 9:43 pm
For childs education because they can be bought in safe place such as well since 529s typically invest in safe place such as well would just recommend.
For college they arent taxed as well would recommend savings bonds definitely helped me out lot when was going through college they can be bought in savings bonds but there is also chance for childs education because they are fully backed by the government and they are fully backed by the bonds definitely helped.