CHAPTER 15
U.S. Savings Bonds— Safety First 쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆
“Patriotism is not so much protecting the land of our ancestors as preserving the land for our children.”
Do I Need to Read This Chapter? ●
Am I interested in an affordable, long-term investment with relatively low yields but unmatched safety?
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Do I know about the newer, easier way to buy U.S. bonds?
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Am I aware of changes in how savings bond interest is calculated and credited?
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If I’m buying bonds as a gift for children, do I understand how their tax liability works?
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Am I aware of the pros and cons of savings bonds used for college tuition?
hen I was in public school, World War II was under way and the sale of war bonds was very popular. Every adult bought them. Children could purchase, in small amounts, freedom stamps (10 cents or 25 cents) that were then pasted into a “victory book.” When this book was filled ($18.75), it was turned in to the bank and exchanged for a savings bond with a face value at maturity of $25. Well, things have certainly changed. Years ago savings bonds were purchased to help our country finance and win World War II, but today they’re purchased for completely different reasons.
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