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Author: Watty56 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Savings bond question Date: 1/24/2011 3:51 PM
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.... Any hints on the best plan of action?...

If you will not already be making the maximum deductable retirement contributions, then in the year you have taxable savings bond interest, you can make matching additional retirement account contributions to offset the additional income.

For example if you will have $1,200 in saving bond interest in a year, then increase your 401K contribution by $100 per month. This could defer the taxes for decades when you might be in a lower tax bracket in retirment.

Greg
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