02.23.09
Savings Bonds for College
If you’re buying U.S. savings bonds (series I, EE) for a young person’s education, the interest on the bonds is not only tax-deferred, it’s never taxable, if (i) the beneficiary uses the bonds for qualified education expenses, and (ii) the bonds are registered in the name of the young person’s parent(s).
I’m not an investment adviser (and always disclaim any investment advice I give), so why the investment advice? Answer: There’s a lot of overlap between investing and estate planning. Last year, for instance, the Michigan Institute of Continuing Legal Education sponsored a seminar dedicated solely to 529 Plans. The seminar materials were hundreds of pages thick. I can’t say I read all of ‘em, but the quick browse was helpful.
