savings bonds
3 Great Ways to Improve Your SBPF - Savings Bond Protection Factors Now
Nearly 50 million Americans own an estimated $175 billion worth of U.S. Savings Bonds. Chances are if you own bonds, you may not be properly protecting your investment. Here are three quick ways bond owners can improve SBPF - Savings Bond Protection Factors - right now:
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Keep A Detailed Bond Inventory List Stored Away From Paper Bonds. Write down the savings bond information including the series, denominations, issue dates and always include serial numbers, or make photocopies of the bonds. A better alternative is to use SavingsBonds.com’s, complimentary online bond calculator which will store the bond information, create a bond portfolio and a unique printable Savings Bond Inventory Report. It takes only minutes to create the detailed personalized bond inventory, which can be accessed online for the safest and easiest bond replacement (if serial numbers are posted) should the actual paper bonds (or the Inventory Report) ever get lost, stolen or destroyed. You can print out an up-to-date, bond-by-bond, color-coded, personalized inventory and also use it as a verification report when redeeming bonds at your bank or financial institution.

Review Current Bond Values And Interest Performance Before Cashing In. Don't arbitrarily grab the oldest bonds from the bottom of your pile when cashing in. Savings bonds are not created equal and they do not all perform the same. Some older paper bonds, which are still earning interest, could be the best performers. Always do a bond analysis before cashing in any bonds using an online bond calculator. This will display the bonds earning the lowest interest rates which should be cashed in first. If there are a lot of bonds, a Cash In Report© can save you a lot of time and guess work. It also helps you determine the correct amount of bonds to redeem, based on the dollars needed, thus helping reduce unnecessary redemption and the need to report excess interest income.

Inform Trusted Individuals About Your Savings Bonds. Approximately $16 billion dollars worth of bonds have reached final maturity, are no longer earning any interest, and have not been redeemed. Many of these bonds are likely owned by deceased individuals, or were forgotten about. Often entitled co-owners, beneficiaries and heirs are not aware that the bonds exist. A trusted family member or friend, or a financial advisor or attorney, should know where the bonds are located. It is also a good idea to keep your savings bond records with legal documents such as wills and estates. Don't forget to include website information, and passwords to access online savings bond management accounts, such as SavingsBonds.com’s VIP Membership.

For easy, ongoing savings bond management services that help protect your savings bonds, maximize the investment, and help avoid losing money, or to become a VIP Member, go to SavingsBonds.com or call 732-280-4024. Questions? info@savingsbonds.com

By Jackie Brahney, Marketing Director, SavingsBonds.com Twitter: SavingsBondsGal

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