MSALC Director of Education
U.S. Savings Bonds are purchased by many postal and federal workers through convenient payroll savings plans. Due to their fair rate of return over the long run and their freedom from risk, many find that Savings Bonds are an excellent way to save money for various long-term goals.
The U. S. Bureau of Public Debt, the agency that issues bonds, has developed a free computer program called the Savings Bond Wizard, which enables the user to record savings bonds by serial number and by date of issue. The Wizard then posts the value and earned interest of each bond and of the total inventory. This simple and very high quality program can be downloaded from the Public Debt web site at the following Internet URL:
http://www.publicdebt.treas.gov.
Savings Bonds are a preferred way to save for college expenses or long term goals, and are a great source of emergeny funds when needed. Dedicated educational savings may be tax exempt. Visit
the Public Debt web site for complete information on the many benefits of savings bonds.
For retirement, the Thrift Savings Plan has many advantages over bonds, due to tax deferral, favorable interest, investment options, and up to 5% agency match for FERS employees.
Savings Bond Wizard Available Free
By Steve Burt