rapidfire Retirement Living Series E Bonds I
t’s time to dig through your files, safety deposit boxes, or home safes and locate your Series E U.S. Savings Bonds; the last of these bonds have just reached maturity. The E Series bonds first were issued
in 1941 to help fund World War II. Origi- nally sold at 75 percent of face value, and later 50 percent, these bonds were of- fered for sale through the U.S. Treasury until June 1980. Bonds sold during the war until 1965
matured in 40 years. Those sold from 1965 until June 1980 matured in 30 years. That means the last of the Series E bonds have stopped earning interest.
Because E bonds no longer will earn
interest, it might be a smart move to cash them in. You can cash in $1,000 worth of bonds at one time. Keep in mind cashing a Series E bond is a taxable event. Although exempt from state and local taxes, inter- est on savings bonds is fully taxable by the federal government at your marginal rate. If you think tax rates might rise, why not cash in those old bonds now? For more information, visit
www.sav
ingsbonds.gov. Look on the left sidebar under “Redeem.” — Capt. Bud Schneeweis, USCG-Ret., director, Benefits Information and Financial Education
Family
Matters Discover helpful resources for military spouses and children.
Check out some great U.S. museums — for free — with your family this summer. Blue Star Families
announced in May the creation of Blue Star Museums, a partnership with more than 700 mu- seums that will offer free admission to all active duty military personnel and their families from
Memorial Day through Labor Day 2010. The complete list is available at
www.arts.gov. “America’s museums
are proud to join the rest of the country in thanking our military personnel and their families for their ser- vice and sacrifice,” says NEA Chair Rocco Landesman. “I cannot imagine a better way to do that than welcoming them in to explore and enjoy the extraordinary cultural heritage our museums present.”
IMAGES: ABOVE, DAVID BUSBY; RIGHT, SHUTTERSTOCK J U LY 2 0 1 0 MI L I T A R Y O F F I C E R 2 5
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