By Terry Savage on October 14, 2019 | College Savings / Student Loans

My 2 kids have bonds from when they where Born. 1 is 12 years old and the other is 10 years old. I was told that bonds are worth nothing that I am better off cashing them in and investing them for my kids?

Terry Says

No, that’s not true!  I’m assuming these are Series EE U.S. Savings bonds.  They still accrue interest and will continue to do so for many years.  True, interest rates are low now, but they will be worth a lot more when you cash them in to pay for college.  In the meantime, do some additional savings in a 529 College Savings plan.  If you live in Illinois go to,because you will get a tax deduction on your Illinois return for your contribution.



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