Matured Savings Bonds
I have some savings bonds that have matured. Since I am not required to take an RMD this year, would it be wise (from a tax viewpoint) to cash in the matured bonds (roughly equivalent dollars to what my RMD would have been) this year? I am fortunate enough that I do not need the RMD money or the savings bond money. Perhaps this can help someone else too.
Terry Says
Yes, you’re supposed to cash in matured bonds in the year they mature. But they recognize that people often overlook doing this. From a tax point of view it’s a great idea to take the income this year. Then hang on to the money, just in case you need it!