1/20/10

Beware of savings bonds no longer earning interest

The following savings bonds are no longer earning interest.
SERIES........................ISSUE DATE
E.............................May 1941 through January 1980
EE............................January 1980
H.............................All issues
HH............................January 1980 through January 1990
Savings Notes.................All issues
A, B, C, D, F, G, J, K ...... All issues


How long bonds earn interest based on issue date:
SERIES........ISSUE DATE.........................NUMBER OF YEARS BONDS EARN INTEREST
E.............May 1941- November 1965............40 years
..............December 1965 - June 1980..........30 years
EE............All issues.........................30 years
H.............June 1952- January 1957............29 years, 8 months
..............February 1957- December 1979.......30 years
HH............All issues.........................20 years
I.............All issues.........................30 years
Savings Notes.All issues.........................30 years


A tax-savings strategy is to cash the non-earning bonds and invest the proceeds in a tax-favored investment.


The time is now to strategically plan to stop wasting money on taxes you are not required to pay. Sooner implementation results in greater savings, so act now!