Posted on 05/19/2020 1:57:54 PM PDT by texanyankee
I have in my possession a bunch of Series EE Savings Bonds that range from 10 to 15 yrs. Supposedly they double in value at 20 yrs.
Any advice would be appreciated. Should I redeem immediately or hold on to them?
I wont hold anyone accountable.
thanks.
Yes get a lot of help because you’re depending on strangers to make a financial decision.
Hold as long as you can.
I had piles of those things. Used them for my kid’s education. They are a major pain to cash, signing each one, and having the bank record them. That said, I’d cash them and put them in a mutual fund. The bonds just don’t perform well.
Believe me, I’m not making any decision from replies on FR.
Just would like to hear some feedback.
Go to
https://www.treasurydirect.gov/BC/SBCPrice
For current value. Probably better interest than current rates.
Search for Savings Bond calculator web site. You only have enter your bonds once and then save your list. It will tell you the current value of each bond, the interest rate, and when it stops accruing interest.
Got a few from ‘92...believe they’re paying 4%.
They’re worthless. Send them to me and I’ll dispose of them properly.
[Believe me, I’m not making any decision from replies on FR.
Just would like to hear some feedback.]
Depends upon what you think the future value is, your age, what you want the money to be used for.
And whether you think a loaf of bread will be $50 in five years.
I’m sorta joking on that last sentence. Sorta.
If things were somewhat normal, I’d say hang on to them.
Regardless, best of luck with your decision, whatever it might be.
I still have a War Bond ...
thanks. I got that calculator and did the math — if everything works perfectly I need to hold on to them.
Off the top of my head, how old are you and do you currently need the money, or anticipate a need? Feel free not to answer me as most people post questions and articles and never bother to reply to the responses they receive.
That’s the whole point of my post. I’m just curious about if folks think the future will be normal.
The interest on my money market is chump change now.
EE bonds are currently paying more but then....who knows the future?
Que sera, sera...
I imagine the coupon rate on the bonds is higher than anything you can get today on a risk-free basis, so unless you absolutely need the money for food or housing hold on to them until they mature.
Go to Treas Direct.com
Open an account very simple and then input your EE bond data from the face of each
It will tell you when they mature and interest accrued
I have all of mine from the Bond Program in the mil and at my life long employer.
Some are comming due in a year or two.
Its my emergency fund close to triple figures.
Dont need it so I leave it be.
You can leave them be just wont gain any more int, but will pay regular income tax on the gains.
Got grand kids, give them to them, or me !! Ha Ha
Depends on your age, retirement plans, current asset allocation, etc.
Bonds have a place in any asset allocation but your question is beyond the scope of any advice you may receive here.
If it is a substantial portion of your net worth and you are young bonds are not a wise investment. If you are an old fart they may be a very good investment. Without a lot more info any advice is worthless.
See Post # 2 it is the correct answer
The Treasury Direct website will help you figure out what you have and what they’re worth.
If these are paper bonds issued at 50% of face value then they probably are still accreting toward that face value and are earning an implicit rate of interest that is greater than anything available in the market currently. Keep them until they hit face value and stop rising in value, would be my advice.
Other savings bonds earn variable interest, meaning that today they are earning literally close to nothing. If you have something else worthwhile to do with that money you might as well do it. 00.10% interest is not enough to turn anyone’s crank.
> Got a few from ‘92...believe they’re paying 4%. <
It’s a crazy world we live in. Twenty years ago people would have laughed at you. Now they are jealous of you.
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