Cashing In Savings Bonds To Pay For Summer Vacations May Be A Smart Option, According To SavingsBonds.com.
Spring Lake, New Jersey (PRWEB) June 12, 2014 -- As millions of Americans start to plan and pack for their summer vacations, many are pulling out their savings bonds, checking values and cashing some in to help fund their trips.
SavingsBonds.com has received numerous calls over the last few weeks from bond owners looking for values and wanting to know which bonds they should choose (from their portfolios) to cash in. Many indicated that they would rather cash in (lower yielding) savings bonds than have to pay high interest credit card balances for months.
“Cashing in several of my savings bonds, which were only earning around 3-4%, as opposed to paying nearly 18% on credit card balances for vacation expenses made a lot of sense for me,” says R. Richter.
With new bond management services, and monthly e-statements summarizing current portfolio values, along with important financial, timing and taxation data, savings bonds are becoming more top of mind for investors than they have been in the past. For years, bonds were often purchased, stuffed in shoeboxes, drawers or in safety deposit boxes, only to be forgotten about. Now, bond owners can learn practically everything they need to know about their bonds, thanks to the internet.
For those who have a stack of bonds, SavingsBonds.com suggests that they create a complimentary SavingsBonds.com Bond Inventory Report© and access the company’s Cash-In Report©. By entering the amount of money needed, the Cash-In Report© will indicate which bonds should be cashed in first and which should be held, based on financial performance. It eliminates a lot of guesswork.
While savings bond are often purchased for retirement and education purposes, SavingsBonds.com is finding that more people are using their savings bonds for other reasons. For many, cashing in some bonds to fund a vacation is a lot less stressful than returning home to credit card bills.
About SavingsBonds.com:
SavingsBonds.com is the #1 non-governmental site valuing over $1.1 billion in savings bonds. Complimentary calculator offers personalized, unique color-coded, Savings Bond Inventory Report© featuring “what this means to you,” helps bond owners avoid losing money and maximize their investment. Extensive, consumer-friendly information center, helpful videos, newsletters, current series bond rates, purchase bonds link, online and popular government forms available.
About SavingsBonds.com VIP Membership:
SavingsBonds.com VIP Members have 4 services not offered elsewhere. 1. Bond Inventory Report© available/updated 24/7 indicates current bond values, interest rates, timing, taxation and maturity issues, displayed on an easy to understand, color-coded, personalized, bond-by-bond statement. 2. Bi-monthly Alerts! © Emailed summary statements specific to Members' bond inventory, provides inventory totals, interest rates/earnings, helpful strategies regarding current and upcoming financial events, including maturity and taxation issues. 3. Cash In Report© ranks bonds in performance order. Eliminates guesswork on which bonds to cash in first. 4. Daily (Video) Bond Tips. The ultimate savings bond Membership offering superior bond management helps investors avoid forfeiture of interest, double taxation and potential IRS tax situations.
Jackie Brahney, SavingsBonds.com, http://www.savingsbonds.com, +1 (732) 887-8941, [email protected]
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