I have a bond worth $12,000(10,000 face) and she has $12,000 in student loans from tuition from 2004. I know that you can avoid paying taxes on the interest you make on bonds if you use it to pay tuition for secondary schooling. Does it still apply for loans that are a couple years old? [...]
I got some EE type savings bonds circa 1986-1987 all together worth about 20,000$, I want to cash them out to pay off my car. The loan is at Hunington Bank, can I cash them out there? How would I pay the tax on them? Never done this before.
I am not a big risk taker, and this is not a lot of money, but I want to start saving for retirement, kids, etc. What are my best options? CD’s, money market accounts, mutual funds? I shouldn’t need the money for several years, any suggestions will be appreciated.
The check is from my relative, drawn on this bank and I know the money is in the account and good.
Say my bonds are worth $3000 and the interest earned on them is $1100, bringing their total value to $4100. If I redeem them now, how much will I receive?
I am not a big risk taker, and this is not a lot of money, but I want to start saving for retirement, kids, etc. What are my best options? CD’s, money market accounts, mutual funds? I shouldn’t need the money for several years, any suggestions will be appreciated.
I cashed two savings bonds both $50 and got 216.16 in return. i was wandering what would happen if i forget to report this at tax time.
He is 38 years old male and keeps his money in ING direct bank and makes about 4.6% interest. Can he make better rates or any other investment plan that he can use to make a good positive cash flow every month?
I’m not talking about with the use of financial institutions or the purchase of real property. What I’m asking is along the lines of something like using the cash to buy mowers and opening a small lawn service. Something of that nature.