I have held these all for over 10 years. I was going to use them for college in about 4 years. My current yields are 4 - 5.5%. Do you think it is better to cash them in and invest the money elsewhere or sit on them until I need them?
2006-12-29 08:54:33 · 4 answers · asked by jamv0051 3 in Business & Finance ➔ Investing
You should definitely hold onto them until you're ready for college. First, you won't find much better rates in today's market. Eve more important, however, is that if you wait to cash them in when you're paying for college, there's a good chance you won't have to pay tax on any of the interest. That will save youy a bundle.
2006-12-29 09:17:54 · answer #1 · answered by Bond Dog 3 · 0⤊ 0⤋
Hold them. Currently CD's and money market funds are paying 4.5 to 5% interest. You have a short time frame, so don't risk losing any of the principal. You are not going to get a better rate with the safety you have now.
2006-12-29 08:58:24 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
Either hold them, or check out the rates of more current EE and I Series bonds, and see if that is better. If it is better, you might want to cash them in for more profitible bonds.
2006-12-29 09:26:08 · answer #3 · answered by Darth Vader 6 · 0⤊ 0⤋
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2006-12-29 18:40:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋