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Article: Savings Bonds: A Good Gift for the Grandkids?
- Article from:
- Kiplinger's Money Smart Kids Web Column
- Article date:
- January 18, 2002
CopyrightCOPYRIGHT 2002 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline:Janet Bodnar, Kiplinger Washington Editors
I would like to buy U.S savings bonds for my grandchildren. Are they still a good investment, or am I an old fogy?
Savings bonds aren't the most exciting investment, nor do they have the greatest earnings potential. So you wouldn't want your grandchildren to have all their money in bonds.
But if the recent economic uncertainty has taught us anything, it's that everyone, kids and old fogies alike, should have at least a portion of their investments in fairly safe investments.
Savings bonds fit the bill -- especially if you buy series I inflation-indexed savings bonds, or I-bonds. The ...