|
|
Article: GOOD QUESTIONS ; Savings bonds usually a safe bet
- Article from:
- Columbia Daily Tribune
- Article date:
- December 20, 2008
- Author:
CopyrightCopyright 2008 Columbia Daily Tribune. Provided by ProQuest LLC. (Hide copyright information)
|
Q: I'm considering buying savings bonds as holiday gifts for my
nieces and nephews. Are they a safe and worthwhile investment?
A: Savings bonds are guaranteed by the U.S. Department of
Treasury and safe from today's financial turmoil. Although it might
seem old-fashioned, giving savings bonds is a good way to teach kids
about investing and could give them something to look forward to
once they're older.
But it could become problematic down the road, as assets in a
child's name could hurt his or her chances of qualifying for things
such as college financial aid.
In most states you can buy gift savings bonds at banks and other
financial institutions in amounts between $50 and $10,000. But it's ...