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Author: KenAtPcs 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 35357  
Subject: Re: Bond and F-I FAQS Part 2: Savings Instrument Date: 1/19/2006 12:02 AM
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I just spotted something that needs to be changed here; sorry I didn't see it before:

----When EE- or I-Bonds reach their 30-year limit, if you choose not to cash them in, you may rol them over into HH-Bonds. However, the Treasury has reduced the interest rate on HH-Bonds to 1.5%, so cashing in and paying taxes may prove the better choice.

This needs to be deleted, as EEs & Is can no longer be rolled over into HHs:
http://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_i_faq.htm#hh

Can I Bonds be exchanged for HH Bonds?
No. EE or E Bonds could be exchanged for HH Bonds until August 31, 2004. As of September 1, 2004, investors are no longer able to reinvest HH/H bonds or exchange EE/E bonds for HH bonds.


Also, the section on "redemption" seems to have been misplaced. Here's a link to my original FAQ prototype, so the "Redemption" paragraph can be considered for re-inclusion:
http://boards.fool.com/Message.asp?mid=22921379

Ok, wait. I just found a parenthetical remark in Loki's version above that mentions redemption, but it doesn't mention it's the last 3 months of interest that is lost. If that could be worked in, it would be nice.

Ken
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