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My heads still spinning. Just inherited $8000(face value) of HH savings bonds. Cash value of5300. Now what? Life is on track anyway, but this is out of the blue. I think I need to get them transferred to me anyway, but what about tax repercussions? Should I cash them in and invest in something else? Any help at all would be appreciated!
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What does the rest of your portfolio look like? How are you looking on the emergency funding front? What about outstanding debts? What about investments? -
Just my mortgage and my heloc that I am aggressively attacking. Have about 1 year in the EF.Comment
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And your retirement savings? Can you put that money in there? Or is that maxed out? If so, there's always the HELOC, and then the mortgage itself.Comment
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Savings bonds are an underrated, excellent investment. The interest compounds tax free, they are exempt from state tax, and they are safe as can be. Keep them to maturity.Comment
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You're on track enough to hold these. Consider signing up on TreasuryDirect and mailing in your bonds so you don't have to remember when they stop gaining interest and don't have to keep the paper copies.
Originally posted by EEinNJ View PostComment
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I agree, keep them until they mature.Comment
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