Saving bonds
My husband passed away last week. I have $100 savings bonds payable on death to me. Does the economic crisis affect the amount paid, if I cash them in now?
Terry Says
My condolences on your loss. No, the amount won’t change. But everything is such a mess right now that I would wait a while — unless you desperately need the money — to cash them in.
And, don’t make any other moves. But do take a look at any other assets he might have left to you — including his retirement plan at work. If he had a 40l(k) or IRA and you are the beneficiary, and depending on this money, then ask the custodian to move the account to all cash or money market mutual funds. Don’t worry about the prices you get. If this is all the money you have, just keep it safe.
Please post again if you have any questions, or email me at Terry@TerrySavage.com. This is a bad time to be going through such a loss and a vulnerable time for you.
